纽威数控(688697)营收稳步增长，市场竞争加剧导致盈利能力略有下滑_老虎社区_美港股上老虎

纽威数控(688697)营收稳步增长，市场竞争加剧导致盈利能力略有下滑

招商证券08-30

营收稳步增长，市场竞争加剧导致盈利能力略有下滑24H1业绩：实现营收11.62亿元，同比+4.93%，归母净利润1.45亿元，同比-4.86%，扣非归母净利润1.26亿元，同比-6.75%。24Q2业绩：实现营收6.14亿元，同比+5.81%，归母净利润7518.76万元，同比-6.50%，扣非归母净利润6588.56万元，同比-3.48%。营收增长符合预期，优于行业表现。2024年1-6月，中国...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

暂无评论

热议股票

7x24

全部

关于我们·老虎社区守则·老虎社区账号管理规范·老虎社区服务协议·老虎社区隐私政策

公司名称：北京至简风宜信息技术有限公司

违法和不良信息投诉：010-5681-3562（工作时间9:30-18:30）

邮箱：service@laohu8.com

营业执照：91110105MA01A4U55R

ICP备：京ICP备18016422号

网安备：京公网安备11010502036490

关注我们

{"i18n":{"language":"zh_CN"},"data":{"share":"https://www.laohu8.com/m/news/2463020570?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2024-08-30 15:19","share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","id":"2463020570","market":"sh","top_or_hot":-1,"title":"纽威数控(688697)营收稳步增长，市场竞争加剧导致盈利能力略有下滑","media":"招商证券","content":"<div>\n<p>营收稳步增长，市场竞争加剧导致盈利能力略有下滑24H1业绩：实现营收11.62亿元，同比+4.93%，归母净利润1.45亿元，同比-4.86%，扣非归母净利润1.26亿元，同比-6.75%。24Q2业绩：实现营收6.14亿元，同比+5.81%，归母净利润7518.76万元，同比-6.50%，扣非归母净利润6588.56万元，同比-3.48%。营收增长符合预期，优于行业表现。2024年1-6月，中国...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2024083015312895d2796e&s=b\">网页链接</a>\n\n</div>\n","source":"tencent","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>纽威数控(688697)营收稳步增长，市场竞争加剧导致盈利能力略有下滑</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n纽威数控(688697)营收稳步增长，市场竞争加剧导致盈利能力略有下滑\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-30 15:19 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2024083015312895d2796e&s=b><strong>招商证券</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>营收稳步增长，市场竞争加剧导致盈利能力略有下滑24H1业绩：实现营收11.62亿元，同比+4.93%，归母净利润1.45亿元，同比-4.86%，扣非归母净利润1.26亿元，同比-6.75%。24Q2业绩：实现营收6.14亿元，同比+5.81%，归母净利润7518.76万元，同比-6.50%，扣非归母净利润6588.56万元，同比-3.48%。营收增长符合预期，优于行业表现。2024年1-6月，中国...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2024083015312895d2796e&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"688697","symbol_name":"纽威数控","start_time":0,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2024083015312895d2796e&s=b","article_id":"2463020570","we_media_id":null,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2024083015312895d2796e&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2463020570","pubTimestamp":1725002398,"sourceInfo":{"source_id":"tencent","name":"腾讯"},"weMediaInfo":null,"summary":"营收稳步增长，市场竞争加剧导致盈利能力略有下滑24H1业绩：实现营收11.62亿元，同比+4.93%，归母净利润1.45亿元，同比-4.86%，扣非归母净利润1.26亿元，同比-6.75%。营收增长符合预期，优于行业表现。市场竞争加剧，毛利率与净利率双降。毛利率因竞争加剧而下降，且受日元贬值影响，国产机床相对日系机床的价格优势削弱。研发投入加大，期间费用率总体控制良好。订单趋势改善，合同负债环比增长，存货总额同比提升。维持“增持”评级。","collect":0,"end_time":0,"defaultTopTitle":"qq.com","property":["earning"],"viewcount":null,"language":"zh","relate_stocks":{"688697":"纽威数控"},"translate_title":"Neway CNC (688697) revenue grew steadily, and intensified market competition led to a slight decline in profitability","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"688697":1},"content_text":"营收稳步增长，市场竞争加剧导致盈利能力略有下滑24H1业绩：实现营收11.62亿元，同比+4.93%，归母净利润1.45亿元，同比-4.86%，扣非归母净利润1.26亿元，同比-6.75%。24Q2业绩：实现营收6.14亿元，同比+5.81%，归母净利润7518.76万元，同比-6.50%，扣非归母净利润6588.56万元，同比-3.48%。营收增长符合预期，优于行业表现。2024年1-6月，中国机床工具工业协会重点联系企业营业收入同比下降3.0%，利润总额同比下降9.2%。亏损企业占比为28.4%，同比扩大2.4个百分点。公司加大研发投入，不断开发新产品；同时优化营销网络，加大产品销售力度，上半年实现11.62亿元的营收，Q2单季度实现6.14亿元的营收。市场竞争加剧，毛利率与净利率双降。公司上半年毛利率为25.31%，同比-0.75pcts，Q2单季度24.75%，同比-1.25pcts，环比-1.20pcts。上半年净利率12.45%，同比-1.28pcts，Q2单季度12.25%，同比-1.61pcts，环比-0.43pcts。毛利率因竞争加剧而下降，且受日元贬值影响，国产机床相对日系机床的价格优势削弱。研发投入加大，期间费用率总体控制良好。上半年，公司的销售/管理/财务/研发费用率分别为6.52%/1.55%/0.23%/4.93%，分别同比-0.13pct/-0.04pct/+0.12pct/+0.36pct，期间费用率合计13.23%，同比+0.30pcts。其中研发费用增加主要是公司继续扩大优势产品的生产产能，加速新产品的开发速度。订单趋势改善，合同负债环比增长，存货总额同比提升。公司Q2末合同负债为3.25亿元，环比上季度末增长30.18%，但同比去年同期下降12.43%。环比趋势从一季度末的下滑转为增长，与行业的订单趋势一致。Q2末存货总额为10.22亿元，同比增长7.27%。维持“增持”评级。公司产品性能国内领先，逐步实现进口替代，并进行核心功能部件研发，提升产品技术含量和产业链配套能力。但考虑到当前市场竞争较为激烈，我们下调公司盈利预测，预计24-26年公司营收为25.1/27.8/31.1亿元，同比增长8%/11%/12%，归母净利润为3.33/3.72/4.28亿元，同比增长5%/12%/15%，对应PE为13/12/10倍，维持“增持”评级。风险提示：限售股解禁风险、原材料价格大幅上涨风险、制造业复苏不及预","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}