《绩後表现》瑞声(02018.HK)季绩疲弱属预期之内 股价午後升幅略收窄至7.5%
蓝筹瑞声科技(02018.HK)首季少赚近88%属市场预期之内,但营收大致符合招商证券香港预测,且该行看好首季收入逆增的光学业务。该股继今早曾急涨9.9%高见44元创两个月高,半日续弹逾8%收43.35元後,下午曾回顺至42.2元拒绝再下,现造43.05元,续弹7.5%,为最强蓝筹,成交急增至3,583万股,创逾一年高,涉资15.28亿元。
瑞声中午公布,首季纯利按年跌87.8%至5,270.4万人民币(下同)。期内,毛利率按年降7个百分点至23.1%,净利率跌10个百分点至1.5%;总营收按年减少5%至35.6亿元,其中光学分部销售额同比增长61.7%至2.45亿元,毛利率持续上升。公司指,由於季节性原因及新型肺炎疫情冲击,集团生产运营计划和产能利用率受到严重影响,外加防疫复工带来额外非经常性生产成本和经营性费用,进一步影响集团首季业绩表现。
招商证券香港近日预计,瑞声今年首季收入按年降5%至36亿元,认为首季业绩疲软已为市场预料并已反映在股价中,故相信季绩公布後对股价影响有限。该行预计瑞声第二至第四季业绩将有所改善,主因是旗下光学业务可成为上行催化剂。随着光学业务毛利润率显着提高,预计公司今年光学业务收入将接近翻倍至19亿元,随着毛利润率达至15%左右,盈利水平继续提升。
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