中無人機(688297.SH):預計軍貿市場需求增長會比較緩慢
格隆匯5月8日丨中無人機(688297.SH)接受特定對象調研時表示,2023年利潤端下降較多,主要在於公司軍貿收入有所下降,同時國內銷量不及預期。2023年軍貿業務佔比較去年有所降低。我們原本預計2023年國內市場會有較大的放量,這個需求預期並未完全實現,預計將在未來幾年內逐步實現。在國際市場方面,俄烏戰爭在內的多種因素使得無人機的應用範圍不斷擴大,同時無人機產業的競爭格局已經發生顯著變化,從藍海發展至紅海,競爭愈發激烈,土耳其等國家在無人機產品上的異軍突起,加劇了行業的競爭壓力。此外,考慮到國際無人機市場是個成熟市場,而且受到地緣政治等複雜因素的影響,我們預計軍貿市場需求增長會比較緩慢。
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