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研報掘金丨中泰證券:預計精測電子未來營收將有大幅度提升,首予“買入”評級
格隆匯8月4日丨中泰證券3日研報指出,精測電子(300567.SZ)是國內泛半導體檢測設備龍頭,旗下半導體量/檢測業務步入放量階段。在半導體檢測領域,子公司上海精測已成為國產量檢測設備頭部廠商;在新能源檢測領域,公司與中創新航合作成長性顯著。公司佈局半導體前後道檢測設備,技術壁壘高;顯示檢測加碼高端業務,佔據優勢生態位。公司面板顯示產品包括AOI光學檢測系統、信號檢測系統、OLED檢測系統等,是行業內少數能夠同時提供顯示面板三大製程檢測設備的供應商。該行預計精測電子2023-2025年將實現營業收入為33.5/44.9/55.5億元,歸母淨利為3.3/4.9/6.1億元。對應PS為8/6/5X,PE為77/52/42X。精測電子作為國內泛半導體檢測設備龍頭,半導體和新能源業務已處於放量前夜,預計公司未來營收將有大幅度提升,首次覆蓋給予“買入”評級。
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