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研報掘金丨華金證券:卓勝微Q2淨利潤環比增長,射頻模組不斷突破,首予買入-A建議
格隆匯 07-28 13:37
格隆匯7月28日丨華金證券27日研報指出,卓勝微(300782.SZ)2023年Q2營收環比、淨利潤環比增長。隨着產品銷售結構及市場競爭格局的變化,產品整體毛利率同比有所下降。射頻模組不斷突破,自建濾波器產線構築長期競爭優勢:根據公司2023年 5月11日發佈的投資者關係活動記錄表顯示,公司此前已推出集成IPD濾波器並適用於5GNR頻段的模組產品,如LFEM(分集接收模組,集成射頻開關、低噪聲放大器和IPD濾波器),L-PAMiF(主集收發模組,集成射頻功率放大器、射頻開關、IPD濾波器、低噪聲放大器),均已在品牌客户量產出貨。考慮到公司自建濾波器產線全面量產,射頻模組不斷突破未來具備較廣的成長空間,首次覆蓋,給予買入-A建議。
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