廣發證券:美國對華加徵關税對A股計算機行業影響有限
廣發證券研報認為,美國對華加徵關税對A股計算機行業影響有限。從目前上市公司結構來看,行業佔比絕大部分的軟件和技術服務類公司都是國內市場為主,涉及到美國市場出口的硬件公司佔比較低,且硬件公司中出口美國的佔比較低,以計算機(申萬)成份股為測算樣本,2022年-2023年以及2024年上半年期間,計算機個股境外收入佔比均值為8.3%、8.3%、8.5%,若按照板塊總量收入口徑測算,計算機板塊境外收入佔比為11.6%、12.2%、14.1%,如果僅考慮對美收入敞口,實際佔比更低。
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