【中航证券】光库科技（300620）-首次覆盖：光学平台高速成长，铌酸锂业务蓄势待发-250821（5页）.pdf

1、 1 收入（亿元）2023年报 2024年报 2025E 2026E 2027E光通讯器件2.043.926.879.6112.50光纤激光器件4.274.245.516.898.27激光雷达光源模块及器件-1.401.471.611.86其他业务-铌酸锂调制器0.45-其他器件0.350.430.470.520.57合计7.109.9914.3218.6423.19 资料来源：ifind，中航证券研究所 资产负债表资产负债表利润表利润表会计年度会计年度20232023202420242025E2025E2026E2026E2027E2027E会计年度会计年度20232023202420242

2、025E2025E2026E2026E2027E2027E货币资金387.05906.80597.60669.52766.86营业收入709.90998.871431.651863.522319.12应收票据及账款330.69409.08616.31802.23998.36营业成本465.21660.49963.481239.921528.12预付账款4.657.9210.5413.7217.08税金及附加6.3510.3611.7215.2518.98其他应收款5.974.597.8110.1712.66销售费用12.1216.9326.6534.6943.17存货232.69268.353

3、69.56475.59586.13管理费用86.24119.18150.32186.35231.91其他流动资产23.4971.0190.97106.02121.90研发费用123.91141.49164.64223.62278.29流动资产总计流动资产总计984.551667.751692.802077.252502.98财务费用-13.88-8.23 11.302.770.63长期股权投资0.000.000.000.000.00资产减值损失-4.21-17.01-13.73-17.87-22.24 固定资产553.10552.58454.19350.35241.07信用减值损失-3.68-

4、9.04-7.34-9.55-11.89 在建工程144.60208.53173.78139.02104.27其他经营损益0.00-0.00-0.00-0.00-0.00 无形资产111.34162.73131.54100.2168.72投资收益0.200.610.000.000.00长期待摊费用4.239.644.820.000.00公允价值变动损益0.000.090.000.000.00其他非流动资产202.91350.47349.57348.67347.77资产处置收益-0.02-0.96-0.42-0.42-0.42 非流动资产合计非流动资产合计1016.181283.951113.8

5、9938.24761.82其他收益26.6227.8932.1132.1132.11资产总计资产总计2000.722951.692806.693015.493264.80营业利润48.8660.24114.15165.17215.57短期借款0.00322.970.000.000.00营业外收入0.700.060.260.260.26应付票据及账款105.06172.78271.05348.82429.90营业外支出0.170.410.290.290.29其他流动负债93.03169.72215.13277.29342.22其他非经营损益0.000.000.000.000.00流动负债合计流动

6、负债合计198.10665.47486.18626.11772.12利润总额49.3959.89114.11165.13215.53长期借款1.81162.46122.2983.4046.06所得税-10.24-12.60-0.00-0.00-0.00 其他非流动负债97.47162.14162.14162.14162.14净利润59.6472.49114.11165.13215.53非流动负债合计非流动负债合计99.29324.60284.43245.54208.20少数股东损益0.005.512.894.185.46负债合计负债合计297.38990.07770.61871.65980.3