路維光電(688401.SH):2022年毛利率的提升主要系規模效應顯現和產品結構優化
格隆匯7月21日丨路維光電(688401.SH)近期在接待機構投資者調研時表示,2019年公司的毛利率出現了短暫的下滑,其主要原因是新建高世代線,在投產初期往往會在一段時間內處於產能爬坡期;加之高世代產品的認證週期較長,為優化G11產線的產能配置,向下兼容生產了G8.6、G8.5產品,因此對公司的整體毛利產生了較大影響。2020年起,公司的銷售規模快速增長,新建產線的產能利用水平持續提升,公司整體毛利率逐年提升。2022年公司毛利率的提升主要系規模效應的顯現和產品結構的優化,公司在規模提升後,通過調配設備與訂單的方式,逐步優化產品結構,釋放每台設備的產能優勢,放大設備與訂單的價值。
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