均勝電子(600699.SH):2019年度淨利潤降28.67%至9.4億元 擬10派0.7元
格隆匯4月21日丨均勝電子(600699.SH)披露2019年年度報告,實現營業收入616.99億元,同比增長9.82%;歸屬於上市公司股東的淨利潤9.4億元,同比下降28.67%;歸屬於上市公司股東的扣除非經常性損益的淨利潤10.06億元,同比增長10.4%;基本每股收益0.77元,擬向全體股東每10股派發現金紅利0.7元(含税)。
報告期內,公司克服中國汽車市場整體疲軟和全球汽車產業鏈整體下行的不利影響,各項業務持續發展,主營業務收入保持持續穩定增長。
汽車安全系統:2018年4月公司完成對日本高田公司優質資產的收購,2019年公司持續和加速推進產能整合,如升級和擴容匈牙利的米什科爾茨汽車安全氣囊超級工廠,籌建和完成均勝安全上海臨港工廠,北美工廠的產能合併等過程中投入了大量的產品線搬遷和產品線調試和運行成本,同時2019年第四季度新承接的部分項目訂單逐漸開始量產爬坡,對毛利率也有一定影響。2019年安全業務新獲得訂單約442億,繼續保持積極擴張的態勢。
汽車電子系統:2019年內汽車電子系統業務保持穩定擴張,營收逆勢增長近19%,其中公司為客户提供的新能源充放電系統和人機交互系統得到客户及終端消費者的青睞,分別獲得了132億元和137億元的訂單。這些新訂單和新產品的技術要求和生產工藝較以往更加複雜需要更多準備,同時2019年度全球電子原材料價格漲幅較大以及美元兑歐元匯率波動等因素共同影響,導致該業務毛利率有所下降。但隨着新產品爬坡階段結束,毛利將逐步回升。
功能件及總成:隨着2019年公司進一步對產品結構的調整,加上新產品逐步量產,特別是高端方向盤產品銷售超預期。功能件及總成業務保持了穩健增長,毛利潤率較去年基本持平。
智能車聯繫統:2019年由於國內外客户項目的推遲,銷售收入略低於2018年,同時在2019年量產的最新一代的車載信息娛樂系統產品仍處於產能爬坡階段,導致較去年同期毛利率小幅下滑。未來隨着客户的逐漸恢復和新車型的放量,營收和毛利率都將有明顯提升。
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