?????¿ç?ä¸???é¢???ï¼?ç¾????¨è?é¢?????????°ç??¿æ²»äº?件æ?°å??/P>

????6????大é???¡ç???

????

????è§??¹æ???/STRONG>

????AI主线?³æ³¨æµ·å???å°??ºä?ï¼?ç¾???I???°äº§??é¢???ï¼??¨æ?·ç?????æ±?????ï¼????¼ä?游硬件å????è¿?»£???±ä?è¾¾ä?绩è?é¢????????½å??ç®???ETF??ä¸??³æ?¥ï??©å¥½??模å???????¡å?¨ã??PCB??CPU??????代工??å°?è£?ç­?ç»???ä¸?游硬件ï????¶æµ·å¤?AIåº??¨é??æ±?????ï¼???å°????¡å?????©æ??STRONG>AICG??游æ????广å???¥é?????°å?åª?ä½?ç­?ç»????¹å????ä¸??¹ä¼°ä¸»çº¿?³æ³¨ETFå¢?????????ç§???å¤?????½æ?å¤??ï¼?å¦???å·¥ã????导ä???计ç??ºã???µå?????³æ²¹?³å??ç­???

?????þ@?è¿???ä¸?ä¸?¸»é¢??§æ?ºä??¼å??³æ³¨ï¼?ä¸????µå???¹é?©ï????¹å??µå????æ±?ä¸?è´??·ç?????æ³??¸ç»§?ºå?°ï??µå????æ±?侧æ?¹é?©è?ä¸?步深??ï¼???????????¤ç??»·?¼æ??ç»??è¡?以å???¶å?¥ç??µå??ä»·æ?¼å??ºå??ä¸?????å¼?ï¼??°å???µå??ç³»ç?建è?????ï¼??µå??ä¼?ä¸????©ç©º?´æ??????å¼???äº????è¿?ä¼?ï¼?å½?AI??ä¸?äº?è¿?ä¼?ï¼???åª?ä½????µç?èµ?äº?????è¿??¥å??????ä¸????¹æ??MRï¼?6??ä¸????¹æ??é¢?计å???è¡?é¦?æ¬ MR 头æ?¾ï?A?¡æ?è´¹ç?µå?é¢????¸å?³ç???¸å??¨ä»¶ä¾?åº?????????????

????2.2

????è¡?ä¸???ä¸??¡é?»è?

????

????计ç??ºï???桥信???603918.SHï¼?

?????¨è???»è?ï¼?

????????å±????°ä??¡ï?AI+?????¸æ????²ç???/P>

????2022å¹´å???°ç??????å¤?ï¼??¨å??订å??延å??ï¼??¨æ??????项ç????½è?åºþ@»¶è¿???项ç??º¤ä»?éª??¶å»¶ç¼?ç­?å½±å??ï¼????¸è?¥æ?¶å??æ¯?ä¸???è¶?20ï¼?ï¼????¶è?´ä½¿?©æ¶¦ç«??æ»????´ä??¥ç??ï¼?2022å¹´å???¸å??????¸»???°ï???å®??°å?´ä??¡å??å±??¹å??ï¼?å¢??¿å?¿è?½æ??ç»?????????????é«?人æ?æ³??¢æ???ºå?ºå???解纷??è¯?æº?æ²»ç??????导æ???³ï????¸ç§¯??å¸?å±?????æ³?å¾?ç§???é¢???ï¼??§è?¡å????¸é??桥亦æ³?å®?ä½??´å??äº?为é????æ³?å¾?çº?纷æ??ä¾??¨ç???½å?¨æ????ç³»ç?解å?³æ?¹æ???2022å¹???ï¼????¸æ?§è?¡å????¸é??桥亦æ³?宣å?ä¸??????ºå???¾å??ä½?ï¼??????¸æ??¨çº¿???¡å¹³?°ï?为å???´æ±½è½þB???????????¸æ??ä¾??¸å?³è??¥æ???¡ã??2022å¹???ï¼???桥亦æ³?ä¸??????ºä¿¡å®£å??¨é????æ³?å¾?çº?纷é???å¼?å±???ä½?ï¼??±å????????çº?纷å???æ²»ç??å¹³å?°â??并æ?¨å?¨å?¨ç?¸å?³è?ä¸??¨ç½²?????¥å???¸æ?????????ºä?人工?ºè?½ä??ºå???¾æ??????ä¸?ç«?å¼?äº???ç½?????çº?纷解?³æ?¹æ?ï¼??????????¸æ?ç§???ä¸??¡æ·±?¥è?½å?°ï?è¿?ä¸?æ­¥æ??å¼????¸ç???©ç©º?´ã??

??????æ·±è???ºæ?§è§£?³æ?¹æ?ï¼?å¤?????产å??????å¢???/P>

???????¸å?¨æ?ºæ?§å?ºæ?????ºæ?§å»ºç­?解å?³æ?¹æ?ä¸?¤¯å®??°æ??ä¸??¡äº§??ä¼??¿ï???建â??ITï¼?ä¿¡æ????ï¼?+AVï¼??³è?é¢?ï¼?+è½?»¶????ä¸?ä½?ä¸?ä½?产å???©é?µï???????äº???ç½?+åº???äº????¡â??ä¸??¡å??????级ï????¶å??大ç???????¥æ???????¸ä??¡ç»¼???½å?????ºæ?§æ?¿å?¡é????¹é??????¸ä?ä¸?æµ·ï?å®?æ³??常å?ç­??°æ?¿å»º?µå??¿å?¡ã???°å?ä¼?è®??????¥ç©º?´è§£?³æ?¹æ?ç­?项ç??????©æ?¿å?客æ?·å??°æ?°å???è½??????ºæ?§æ?æ²»é???ï¼????¸å?ºä?SaaSå¹³å?°å??模å?ï¼?????人æ?æ³??¢ç§»?¨æ?§è?å¹³å?°ï??·å?å¤?家æ??¢å??·æ?¿å»ºé¡¹ç???????2022å¹´ä???å¹´è?·å?移å?¨æ?§è?å¹³å?°æ?°ç?????é¢? 0.23亿å??ï¼???æ¯?å¢?? 331ï¼?ï¼????¥é?????¶è´¹ç­¾çº¦??????é«?ï¼?å°???为å???¸è?¥æ?¶ä¸»?????ºæ?§æ???²é???ï¼??·å?ä¸???½é??å·¥å??å­þB?¢å??äº??¡å?ºã??æ¸???大å?????å­þB? ¬??ä¸??½ä?åª?大å?å­þ=??¸­å¿?ç­?ä¿¡æ????项ç???¿å»ºå·¥ä????ºæ?§è½¦ä¼?é¢???ï¼??·å????¥æ±½è½þ:???½æ?¸ç?µå??ç­?大å?????¸æ?¿å»ºå·¥ä?项ç???????¸å??å®??¨è??ºç?ä¸??¡ã???°å?´ä??¡å????å¼???ï¼??????°å?´ä??¡è?ä¸?æ­¥è?½å?°å??å±?????ä¸?模å???ç»?ºµæ·±è¿­ä»£ï???为æ???¥ä»·?¼å??¿å?ºç?³ã??

?????????©é?æµ?

????é¢?æµ?????023-2025å¹´æ?¶å?¥å????¸º8.98亿å????12.1亿å????14.7亿å??ï¼?EPS????¸º0.05??0.22??0.40????

????é£??©æ??示ï?

????å®?è§?ç»?æµ????é£??©ã???°äº§??ä¸???é¢???é£??©ã??产ä??¿ç?????é£??©ã??AIå¢???ä¸???é¢???ç­?é£??©ã??

????以ä?è§??¹ä?????????¸ç??究æ??å·²å??å¸?????究æ?¥å??ï¼??·ä???容å???¸å?³é??©è?è¯þA?2023å¹???23?¥å??å¸???????桥信???603918ï¼?ï¼??ºç?ä¸??¡ç¨³?ºå??å±?ï¼?AI+?¸æ?å¼?è¾??°å??¨ã???¥å??

????

????计ç??ºï?????å¾??300474.SZï¼?

?????¨è???»è?ï¼?

??????ChatGPT????级ï?GPUç®?????æ±?æ¿?å¢?

??????hatGPT??ç»?????ä¸?ï¼??½å??AIç®?????æ±?ä¿???å¢??¿å?¿å¤´??ChatGPT???»ç???æ¶???çºþ?¸º3640PF-daysï¼??³å??å¦?æ¯?ç§?计ç?ä¸???ä¸?亿æ?ï¼???è¦?计ç?3640天ï?ï¼?å½?ç®????¨å??è¡??¾ä??½å?°å??¨æ?¶ï?ä¸???精度??ç®?????è¦?????????å¤??·å????åº??¨å?ºæ?????¹å????????人工?ºè?½æ??????é«?????å±?ï¼?ç®???ç»?????ä¹?æ¼???ï¼?对æ?ºè?½ç???????æ±?ä¸??¥ä¿±å¢???3??22?¥ï??±ä?è¾¾å??å¸?AIè¶?级è?ç®?????GX Cloudï¼?并æ??ä¾?NVIDIA AI Foundations???¡ï?????ä¼?ä¸???建è??·±??大模??ï¼?主è?为æ??????????è§?è§?è¯???????½ç?å­þ>?ä¸?大é?????AI????代工?????¶æ?¨å??款å?¨æ?°æ?¨ç??GPUï¼?????????Iè§?é¢?设è????¾å????????ChatGPTç­?大å??è¯??模å???????????þ@?ï¼?å¾?½¯å°?AI?¾å??????????mageCreatorå¼??¥æ?°ç??å¿?åº???Edgeæµ?è§?????¢å???????è´¹å??¾ã????è¿?å¸??©ç?¨æ?·ä½¿?¨è???¶è?è¨???è¿°æ?¥ç????AI?¾å??产å??ï¼???½½??penAI??ä¾????????¾å¤§æ¨¡å??DALL-Eä¸???????å¼?AI???°å??è§?é¢?é¢???æ·±å??ï¼?AI????ä¼?ä¸?Runway??å¸?????????è§?é¢?AI模å??Gen-2ï¼??¨æ?·é??è¿?è¾??¥æ??è¿°è???¨ç??????å®?é£??¼å?åº?è§?é¢???æ­¤å?ï¼?GitHub宣å? CopilotX计å??ï¼?æ­£å??¥å? GPT-4ï¼??°å?äº???天å??è¯??³å???½ã??????ChatGPTå¸þ=?¥ç??AIåº??¨ç????ï¼?????å¼?AI??å±???主æ?ï¼?å°?å¸þ@??PU??æ±??¾è????????

???????½äº§GPUé¢?????ï¼?ä¿¡å??+AI?©æ?¨ä?绩é????/P>

???????¸äº§?????þ???¾å½¢?¾æ?§é?????å°???ä¸??¨å???·è¾¾é¢?????????é¢???ï¼??¶ä¸­?¾å½¢?¾æ?§ä?为å???¸æ?¸å?ä¼?ç»?ä¼??¿ä??¡ï???å°???ä¸??¨å???·è¾¾??????é¢???è¿??????¾æ?¾ã???·è¾¾äº§å??主è?åº??¨ä???äº?è£?å¤?ï¼??¨å?½å???ºè½½?¾æ?¾é???????¤§?¨å??å¸??ºä»½é¢?ï¼?GPU????产å??æ­£ç?±å???¨å??ä¿¡å????æ°??¨å??ºæ??å±???GPU????ä½?为å?¾å½¢?¾æ?§æ?¸å?ï¼??¨ç?????´å??GPUç«?äº??¼å?????ntel??Nvidia??AMDä¸?强å?²æ????Intel????CPUä¼??¿å????Cç«?PU60ï¼?+å¸??ºä»½é¢?ï¼?Nvidia??C???GPUå¸??ºå????0ï¼?å¸??ºä»½é¢??????¸ä?为å?½äº§GPUå¸??ºä¸»æµ?????ï¼?å·²å???JM5400??JM7200ç³»å????????产ï??¶ä¸­JM5400主è????????¨è?å¤?ï¼?JM7200ç³»å??å®??????¨é???产å???¿ä»£???¶å???¥æ??¨ä¿¡??å¸??ºã??JM9ç³»å??å·²æ????????并è??¹å???????¥å?è¿??¥å?½å??ä¿¡å??以å??人工?ºè?½ã??äº?计ç?ç­?ä¸??ç«???¨é???ï¼????¸ä?绩æ????å®??°é?å¢???

?????? ???©é?æµ?

????é¢?æµ?????023-2024å¹´æ?¶å?¥å????¸º15.4??18.8亿å??ï¼?EPS????¸º0.76??1.23????

????é£??©æ??示ï?

????å®?è§?ç»?æµ?ä¸?è¡?é£??©ã??ä¸?绩ä???é¢???é£??©ã??æ¯??©ç??ä¸???é£??©ã??ä¿¡å????å±?ä½?äº?é¢?????é£??©ã????????å¤?é£??©ç???

????以ä?è§??¹ä?????????¸ç??究æ??å·²å??å¸?????究æ?¥å??ï¼??·ä???容å???¸å?³é??©è?è¯þA?2023å¹???29?¥å??å¸?????????å¾??300474ï¼?ï¼?GPT????级ï?产å??è¿?»£???°é????¥å??

????

????计ç??ºï?ä¸??????ï¼?603019.SHï¼?

?????¨è???»è?ï¼?

???????¸å?产å????çª??´ï?æ·±å??ä¸??¡è½¬??

?????????°å?ç»?æµ???æ¯?????ï¼??°å??ºç?设æ?½é??æ±?å¢??????¨â??ä¸??°è¥¿ç®???å·¥ç????¨ä?ï¼??¨è?ä¸??ºè?½è½¬????????????æµ·é???°æ????ç®?æ³?模å????ä¸???¿­ä»£ï?ç®?????æ±???ç»?????ï¼????¸ä?为è?ä¸?é¾?头å?深度??????ä»?产å??é¢?????ï¼??????½äº§???¿ä»£?¿ç???æ·±å?¥ï????¸å?¨é?ç«??ç®?é¢???å¼???äº??ºä??½äº§å¤????¨ç??å¤?款æ???¡å?¨ã??å·¥ä?ç«?ï¼?????è¿?äº??½å?级å?éª?室ç??产å??è´¨é??æµ?è¯?ï¼??¨å?½äº§???¨ä»¶?¹é???å®????¢å??äº?计ç?é¢?????人工?ºè?½é?????å­???0模å??设è?ï¼??ºä?å¼?æº?BIOS??BMC代ç???¶æ??ï¼?å¼????????½äº§å¤????¨ç??BIOS???¨å?ºä»¶??BMCè¿?ç¨?管ç???ºä»¶ï¼??¨æ??ä½?ç³»ç?é¢???ï¼????¡ä?ä¸?ä¸???¹å¾·????.0??????¢æ??ä½?ç³»ç?é¢?è£?è½?»¶ä¸??å·²ä??¶è?ç»?000款å?½äº§è½?»¶??å¼?æº?è½?»¶ï¼??¨å??¨é???ï¼?2023å¹???ä¸??½ç§»?¨å??¤º??2022å¹´è??023å¹´å??å¸?å¼???å­??¨é??ä¸???è´???°å»º?¨å??ï¼???????ç»???ï¼????¸ç??????XStor1000??å¸?å¼???å­??¨ç³»ç»?以两ä¸???段ç?ä¸???份é?ä¸???ï¼?ä¸?????é¢?ä¸?亿ã??????????XStor1000å·²é??ç»??¨ä¸­?½ç§»??0ä½?ä¸???份è?½å?°äº¤ä»?ï¼??°å??å­??¨è???¹æ?????????????¹å?????????äº?å®???VMware??KVMç­???????å¹³å?°ç??稳å?è¿?è¡?ï¼??©å???µä¿¡è¿??¥å??äº???è½?????

??????GPT????å·²ç?°ï?AIç®???????çº?/P>

????ChatGPTç­?AI模å????è®??ä¸???容ç????ä¸???大ç???????????å¯?ä¸?????ï¼?GPT-3??模å?????°é??就已è¾?750亿ï?è®??该模???±è´¹??ç¡?»¶?¸å?³æ???¥è?1700ä¸?ç¾?????为é??ä½?AI大模????è®??ä¸??¨ç??????????¸ä?2019å¹´èµ·å¸?å±?AIç®??????¡ï?å°???å¸??¨å?½ç??æµ·é??å¼???计ç?èµ?æº??¾æ?¥ï?å½¢æ??ä¸?ä½???ç®??????¡ç?ç»??????¸ç????å·²ä??¾åº¦??å¤??þ@¤§å­þ>?ä¼?ä¸???ç§????¢æ??深度??ä½?ï¼?å¸þ@??I大模??å¿???èµ°å??è§?模å??åº??¨ã??æ­¤å?ï¼?2023å¹???ï¼????¸å??建å?½å??é¦?ä¸???ç®???交æ??å¹³å?°â??ï¼???ä¸??°è¥¿ç®???å·¥ç?è¿??¥é??è¦???ç¨?ç¢??????¸ä????¨å¤§??ç®???设æ?½ã??ç®???èµ?æº?è°?åºþ:??ç®???????建è?ç­?é¢???ä¼??¿ï??©å??å¹³å?°æ??为å?å¤??°å?产ä????????¨â???????¸å?以å??è¿?ç®??????¡ä¸º?µå?ï¼?å¿???????ç¡?»¶??模å????ç®?æ³????°æ????åº??¨ç?产ä?è¦?ç´?ï¼?????å®?å¤???è¿?ç®???产ä???????????ï¼?èµ??½å?å¤??????°å???¹â??ç­?产ä??°å?è½?????级ã??

?????? ???©é?æµ?

????é¢?æµ?????023-2024å¹´æ?¶å?¥å????¸º152亿å????181亿å??ï¼?EPS????¸º1.24??1.55????

????é£??©æ??示ï?

????å®?è§?ç»?æµ????é£??©ã????????©ã??åº??¶è´¦æ¬¾é??©ã??å­?è´§é??©ã??

????以ä?è§??¹ä?????????¸ç??究æ??å·²å??å¸?????究æ?¥å??ï¼??·ä???容å???¸å?³é??©è?è¯þA?2023å¹???26?¥å??å¸?????ä¸??????ï¼?603019ï¼?ï¼?ä¸?绩ç???é¢???ï¼?GPT大模??????ç®?????æ±????¥å??

????

????����??�??�600986.SH�

?????¨è???»è?ï¼?

?????? 2022年主ä¸??¿å???½å? 2023ä¸?季度å½?æ¯??©æ¶¦??æ¯?å¢???/P>

????2022å¹´å???¸ä¸»ä¸??°å??¥é??ä¸??????¥é??ä¸??????¥é???¶å?¥å????¸º26.43亿å????120.46亿å??ï¼???æ¯???????ç±»ç?¥ä?æ»?ï¼?????ç±»æ??????ï¼?ï¼????¸å?¨æ±½è½þ@??ç±»è?¥é??é¢???ä»???ä¼?ï¼???ä½?客æ?·ä??????ï¼?å¦??°è?½æ?è½þ@????æ¯?äº?è¿???å°?é¹?汽车???¿å??°è?½æ?ç­?客æ?·è?æº?ï¼?2022å¹´è?·ä¸­?½é?¶è???交é???¶è???å°?ç±³å??????äº?ç²?¶²ç­?客æ?·è?æº??©å???¨é??????å¿??ç­?è¡?ä¸???çª??´ï???ç»?¤¯å®?主ä?ï¼?客æ?·å??ä½?ç»´æ??稳å?ï¼??????¥é??ä¸??¡å?¨æ?°æ??????½ä???è´¨å????????¸æ?¾ï????¸ä?头æ?¡ç?ä¿???ç´§å???ä½?ï¼??·æ???³æ??ä¸?å·¨é????å·?ä¸???级æ???¡å??ï¼????³ç?µå???¶ç?????????¡å??ï¼?并æ??ç«?æµ·å?äº?ä¸?????·çº¢??æµ·å????·é??æµ·å?项ç???©å?????¸å?½é?????´å?°ã??2023å¹´ä?季度???¸å?æ¯??©æ¶¦0.38亿å??ï¼???æ¯?å¢?8.4ï¼?ï¼?ï¼?2023å¹´å???¸å?ä¸?追æ???çº??模ä??¿ï?å°?ä¼???主ä?ç»???????主ä????©è?½å????

????????为æ?????ç¬??大è?¡ä? ???¸æ?°å????????¥å??ä¸?ä¸???

????2022å¹´å???¸æ??为æ?æ±??????????å±?æµ?æ±???????产æ??交æ????ç¬??大è?¡ä?ï¼????¸å????????¥å?½è?å¹³å?°ä??¿ï?è¿?ä¸?步强?????¹å?¨æ?°å?????????èµ?产ç?¸å?³ä??¡é???????ä½??????¶ï????¸æ????æµ?????å®?å¢?8亿å??ï¼???è¡?1.65 亿è?¡ï???ä»?.85??ï¼???ç»??¨è?ï¼???è¡???æµ????????¡æ?ä¾???å°???????6.47ï¼?ï¼??¡æ??ç»?????稳å????????§è?¡è?¡ä???ä¸????¸é?´ä??¡æ?´å??ï¼?å°????©ä?å¢?强ä?ä¸??¿æ????å±????¸å?ç«?äº?????

????????ç»??¨è???å®?å®? 2023?????´æ???µå??ä¸?? å¼????°å???

???????¸è·µè¡??°å????????¥å??å±?ï¼???????????汽车??å®?å®?ç­?æ¡?ä¾?ï¼??¨æ?°å?人ã???°å?????????å®?å®???ä½?å·¥å?·ç?é¢???è¾?å¿???å±?ï¼???ä¸?æµ???ç±³å?å®?ä½?为å??å®?å®??°å??ºæ????æ¢þ@?ï¼?对æ?? Midjourney ??Iç»??»é???å®??°è??©å??ä½?ï¼???????å®?å®???ä½???社å?ºã????ä»??为æ?°æ??????è¦?åº??¨å?ºæ????¥é??é¢???ä¹????°æ?????好使?¨é???ï¼??°æ???????°å??¨æ????驱å?¨æ?°å????????¸ç?´æ???µå??ä¸??¡è??020å¹?0?????¨è?³ä???ç»??¨è?ï¼?2023å¹??????¸å?¨å???´æ????¡å?ºç?ä¸?å¸?å±????¥ç?µå??ä¸??¡ï?å®???对ç?´æ???´ã?????é¢???è´§å????åº??ºå????????????ï¼?并å?¨å????????´æ???ºå?°ç???ºç?ä¸?è¿?è¡?大è?模æ?©å?ï¼?å¼????¨å??å¢??¿æ¨¡å¼?ï¼??µå??ä¸??¡æ????????AIGC???°å???????¥è????主æ???é«????????¥è??½ç?´æ???µå??ä¸??¡ç????å±?ï¼?????è§?模å????ä¸?ä¸???AI?°å?人å????å®?å®??ºæ???为ç?¨æ?·æ??ä¾??´æ??趣ã???´æ?浸ç???´æ???éª?ï¼?å¼????°å??¥é???°é?¶æ???

?????? ???©é?æµ?

?????ºä?审æ???§å????ï¼???ä¸?????å®?å¢?对å???¸ä?绩ç??å½±å??ï¼?é¢?æµ?????023-2025å¹´æ?¶å?¥å????¸º124.5\138.3\153.8亿å??ï¼?å½?æ¯??©æ¶¦????¸º2.71\3.3\3.98亿å??ï¼?EPS????¸º0.21\0.25\0.3????

????é£??©æ??示ï?

???????????è¡??¡ç¥¨å®¡æ?¹ç??é£??©ã???¸å?人æ??æµ?失é??©ã??åº??¶è´¦æ¬¾ç??é£??©ã????èª????¼ç??é£??©ã??åª?ä½?æµ???ä¾?åº???è¾?为é??ä¸???é£??©ã??ç¨??¶æ?¿ç?é£??©ã???°ä??¡æ?¨è?ä¸???é¢?????é£??©ã??å¸??ºç?äº????§ç??é£??©ã???°å??????æ³¢å?¨ç??é£??©ã??å®?è§?ç»?æµ?æ³¢å?¨é??©ã??

????以ä?è§??¹ä?????????¸ç??究æ??å·²å??å¸?????究æ?¥å??ï¼??·ä???容å???¸å?³é??©è?è¯þA?2023å¹???24?¥å??å¸?????æµ???äº???ï¼?600986ï¼?ï¼?2023ä¼???主ä?ç»????©ç?´æ???µå???¢ç´¢?°å??¥é???°é?¶æ????¥å??

????

?????µå?ï¼??°ç????ï¼?688383.SHï¼?

?????¨è???»è?ï¼?

?????? Q1???©è?½å???????好ï????????¥æ??ç»???å¤?/P>

????2022å¹´ï???å®?è§?ç»?æµ????ä¸?ç¡????ç´?å¢?????è¡?ä¸??¨æ??ä¸?è¡?ç­???ç´?å½±å??ï¼?ä¸?游产ä¸???æ±??¶ç¼©ï¼????¸ç??¥é??¸´å¤???????ï¼??¥ä??¶å?¥ç?¥æ??ä¸???ï¼???æ¯???ä½?1.08ï¼??????©è?½å???¹é???2022å¹´å???¸æ??©ç??43.64ï¼?ï¼???æ¯?+1.01pctï¼?ï¼????©ç??17.18ï¼?ï¼???æ¯?-2.16pctï¼?ï¼?2023å¹?1æ¯??©ç??39.29ï¼?ï¼???æ¯?-1.65pctï¼????-1.30pctï¼?ï¼????©ç??16.22ï¼?ï¼???æ¯?-3.95pctï¼????+18.48pctï¼?ï¼?Q1???©è?½å???????好ã??è´¹ç?¨æ?¹é???2022å¹´å???¸å??°é??????管ç????è´¢å?¡è´¹?¨ç??????¸º7.94ï¼?ï¼???æ¯?+0.68pctï¼???10.87ï¼?ï¼???æ¯?+1.18pctï¼???1.28ï¼?ï¼?+0.96pctï¼?ï¼?è´¹ç?¨ç??????ä¸???ï¼??¶ä¸­è´¢å?¡è´¹?¨å??æ¯?å¢???88.12ï¼?ï¼?主è?ç³»æ?©å¤§??产å?ºå?°ï?å¢???人æ???¨å?ï¼????¶è???å¾?????????款æ????å¢???ï¼??¸å?å¢???äº??©æ?????ºã??????è´¹ç?¨æ?¹é???2022å¹´å?¨å¹´????è´¹ç??.90亿å??ï¼???æ¯?å¢???7.18ï¼?ï¼?è´¹ç?¨ç??ä¸?.57ï¼?ï¼???æ¯?+1.18pctï¼?ï¼?2023å¹?1???????¥æ??ç»???大ï?????è´¹ç?¨ä¸º0.2亿å??ï¼???æ¯?å¢???2.40ï¼?ï¼?主è??¨å??导ä?å°?è£???Mini LED??Micro LED??è¶?级ç?µå??¨æ?ºè?½å?¶é??è£?å¤?ç­??°äº§???°å??¨é????????????¥æ??ç»??????å½????¨å???ºè?½å?¶é??è£?å¤?产å???¸å??¶é?¨ä»¶å¦?驱å?¨å?¨ã??é«?精度DDR?µæ?ºã???´çº¿?µæ?ºã???³å???µæ?ºã??大æ?¨å??æ¯??´çº¿?µæ?ºã??è¿??¨æ?§å?¶å?¡å??é«??§è?½ä?ä½?å¼??§å?¶å?¨ç?å·²ç?å®??°è??????º§ï¼????½å??å°??????·å??¸å??¶é?¨ä»¶??¸»????ä¸???产è?½å?????ºè?½å?¶é??è£?å¤?ä¼?ä¸???

?????? LED+?µå??¨é???ä¼?ä¸?ï¼?ä¼?è´¨å??·è?æº?????ä¸?绩稳å®?å¢???/P>

???????¸æ???½å??LED?ºæ?¶æ?ºå???µå??¨è????æµ?è¯??ºè?½å?¶é??è£?å¤?é¢?????é¢???ä¼?ä¸???LED?¹é???Mini/Micro LEDè¢???ä½?????ED?¾ç¤º??????主æ?????å±?è¶??¿ï??¹æ??riztoné¢?计ï??¨ç??Mini LEDå¸??ºè?模å???021å¹´ç??1.5亿ç???å¢??¿è??024å¹´ç??23.2亿ç???ï¼?å¹´å??å¤???å¢??¿ç??ä¸?49.2ï¼???????ED?ºæ?¶æ?ºè?å¤?主è??¨å?¨å?è£?å·¥è?ºæ?ç¨?ä¸????ºæ?¶ç????ï¼?主è??????¾ç?¹å?¨ä?对å?ºæ?¶è?å¤?è¶?é«?精度??è¶?é«???????è¦?æ±?????è¿???¸»???????¡ä?Mini LED缺é?·æ?æµ?ç®?æ³?ç­?å¤?项æ?¸å???????????????ºå???¨ä?Mini LED??产ç???ºè?½å?¶é??è£?å¤?ï¼?è¾¾å?°è?ä¸?é¢???æ°´å¹³??å·²ç?ç§?´¯?????½æ?????µã??ä¸?å®????µã??鸿å?©æ?ºæ?????丰å???µã???·æ?¼å???µç?ä¼?ç§?客æ?·ï?并ä??½é???¥å??????SAMSUNG??亿å???µå?ç­??¿æ??ä¿?????¥½??ä½????µå??¨æ?¹é?????YResearch?°æ????¨ç??è¶?级ç?µå??¨å??ºå?ä»?2020å¹´ç??197亿å??å¢??¿å??026å¹´ç??583亿å??ï¼?CAGRä¸?6.5ï¼?ï¼??????½è?级ç?µå??¨å??ºæ?????è¾?ä½?ï¼???å±?æ½???巨大?????¸è???ç«?以æ?¥ä??´æ·±???µå??¨è????æµ?è¯?设å?é¢???ï¼?主è??¨å?¨é???µè§£?µå??¨ç????????æµ?è¯?????ï¼?主è??????¾ç?¹æ????µå??¨è?å¤??§è?½ä??´æ?§å??稳å??§æ?¹é?¢æ??严æ?¼ç??è¦?æ±????°å·²???¡æ?°ä?代æ??æµ????????µæ??????????æµ?è¯?ç³»ç???é«????´å??è¿???ç³»ç?ç­??¸å????????????对æ??ESç³»ç?ï¼?è¾¾å?°ç?µå??¨ç??å¿???????ä¸?æ£?æµ???å·²ä??¾å????? ¬??æ±?æµ·è?¡ä»½??丰å??µå?ç­?ä¸???头é?¨å???¸å»ºç«?æ·±å?¥å??ä½?????ä»??为ï????¸å??????ED???µå??¨è?ä¸?æ·±è??å¤?å¹´ç??ç»?éª?ç§?´¯ï¼???å½?????????????§ç??´ï????¥æ????延续è¡?ä¸?é¢???ä¼??¿ï?ä¿???ä¸?绩稳步å??¿ã??

?????? ??导ä?设å?å¸??ºæ??ç»????ï¼????µæ?设å?é¢??????¿å???

???????¸æ??¨å??步积??å¼?????导ä?å°?è£?é¢????????µæ?é¢???????ä½?客æ?·ã????导ä?设å??¹é??????¸å·²?·æ??è¾?强ç??å¸??ºç?äº?????è¾?é«????????¥å??åºþ

?????? ???©é?æµ?

????é¢?æµ?????023-2025å¹´æ?¶å?¥å????¸º15.92??20.64??25.77亿å??ï¼?EPS????¸º3.27??4.20??5.13????

????é£??©æ??示ï?

??????导ä?å¸??ºé??æ±?ä¸???é¢???ï¼?ä¸?游æ?¶å???¶é??产è?½æ?©å??ä¸???é¢???é£??©ï??¶é?¨ä»¶??¼ºé£??©ï??°è?å¤?????è¿?åºþ????é¢???é£??©ç???

????以ä?è§??¹ä?????????¸ç??究æ??å·²å??å¸?????究æ?¥å??ï¼??·ä???容å???¸å?³é??©è?è¯þA?2023å¹???20?¥å??å¸??????°ç????ï¼?688383ï¼?ï¼?Q1ä¸?绩ç????¹å??ï¼?MiniLED????导ä?å°?æµ?设å????¥å???????¥å??

????

????建ç?建æ??ï¼?精工ç§???ï¼?002006.SZï¼?

?????¨è???»è?ï¼?

??????2022ä¸?绩å??人ï?2023Q1稳æ?????

????2022å¹´ï????¸è?¥ä??¶å??3.57亿å??ï¼???æ¯?å¢???6.37ï¼?ï¼?å½?æ¯?/?£é?????©æ¶¦????¸º2.93/2.7亿å??ï¼???æ¯?å¢???71.99ï¼?/875.05ï¼?ï¼?ç»??¥æ´»?¨äº§?????°é??æµ?????é¢?3.2亿å??ï¼???æ¯?å¢???13.61ï¼?ï¼??¶ç?°æ?ä¸?0.42ï¼?ï¼???æ¯?å¢???10.8pctï¼?ROE ä¸?4.36ï¼?ï¼???æ¯?å¢???13.54pct??2022Q4???¸è?¥ä??¶å??0.49亿å??ï¼???æ¯?å¢???9.57ï¼?ï¼?å½?æ¯?/?£é?????©æ¶¦1.36/1.31亿å??ï¼???æ¯????????65.58ï¼?/706.07ï¼?ï¼?è¶???021å¹´å?æ¯?/?£é?????©æ¶¦?»å??ï¼?ç»??¥æ´»?¨äº§?????°é??æµ?????é¢?1.26亿å??ï¼???æ¯?å¢???2ï¼???2023Q1ï¼????¸è?¥ä??¶å??.79亿å??ï¼???æ¯?å¢???.27ï¼?ï¼?å½?æ¯?/?£é?????©æ¶¦????¸º0.48/0.46亿å??ï¼???æ¯?å¢???9.76ï¼?/115.99ï¼?ï¼?ç»??¥æ´»?¨äº§?????°é??æµ?????é¢?-0.42亿å??ï¼???æ¯???å°?149.09ï¼??????¸ä?绩大å¹?å¢??¿å????å¦?ä¸?ï¼?1ï¼??½å??碳纤维é??æ±??ºç??ï¼????¸ç¢³çº¤ç»´??å¥???产线??大å?????§è?顺å?©ï????????©è?½å??è¾?é«???碳纤维å??å¥?设å????????ï¼??©æ¶¦å¢???ï¼?2ï¼????¸è??´ä???产ä?ç»???????æµ????¶ç?å·¥ä?????å®??½ï?使å?2023Q1??项费?¨å????»é???æ¯?ä¸??? 21.82ï¼?ï¼?????????????¾è??ï¼?综å?????©è?½å??è¿?ä¸?æ­¥æ????ï¼?3ï¼?2022年度?©æ¶¦å¢???ä¸???ç»?常æ?§æ??????ç´?对æ??¹´åºþ>??å½±å???¾è??ä½?äº?2021年度????产å???¥ç??ï¼????¸ç¢³çº¤ç»´??å¥???产线/轻纺ä¸??¨è?å¤??¥æ?¶å????¸º14.28/1.59亿å??ï¼???æ¯?+102.81ï¼?/-23.52ï¼?ï¼?æ¯??©ç??????¸º32.60ï¼?/14.48ï¼?ï¼????¸è?¥æ?¶æ???æ­£å??碳纤维è?å¤??¾æ????

???????¶ï????¸ä?5??12?¥å??å¸?????ï¼?????è¿?å®?å¢???èµ?çº?9.5亿å???¨ä???å±?碳纤维å??å¤???è£?å¤??ºè?½å?¶é??建è?项ç???é«??§è?½ç¢³çº¤ç»´è£?å¤?????ä¸??建è?项ç????建è??ºè?½é¡¹????????é«????¸ç¢³çº¤ç»´??å¤???è£?å¤???产æ??????产å???§è?½ï????????¸å?ä¸?游å??·ç????å¥??½å??ï¼?建è?????ä¸??项ç??????è¿?ä¸?æ­¥é???????并æ?????½äº§?¿ä»£?½å????æ­¤æ???èµ????????¸ç??????ç¡??å°?大å????å±????©è?½å??è¾?强ç??碳纤维主ä¸?ï¼?ä¸?绩æ??????空é?´ã??

?????? ?¡æ??çº?纷å???ç»???ï¼????¹å????è¿?å±?顺å??/P>

????1ï¼?ç²¾å?????¢è?æº???ç»?å®???ï¼????¸è?¡æ??çº?纷已ç»?宣å??ç»???ï¼????¥å?è½»è?ä¸??µï?ä¸?注主ä¸???å±?????????ï¼?ç²¾å?????¢æ??????????3,650.24ä¸??¡è?¡ä»½ï¼??????¸æ?»è?¡æ???? 29.99ï¼?ï¼?å·²ä?2023 å¹ 2 ?? 16?¥è??·ç?»è??³ä¸­å»ºä¿¡ï¼?æµ?æ±?ï¼???ä¸???èµ????????¸å??ä¸?ï¼?3??30?¥å??????´å???¸å??称ã??è¯??¸ç?称ç??å·¥å???»è?ï¼????¸å??ç§?è¯??¸ç?称å???´ä¸ºæµ?æ±?精工????ç§????¡ä»½????????精工ç§???ï¼?æ­¤æ?å·¥å?????´æ??å¿??????¸è?¡æ??çº?纷æ?å¼?ç»?????

????2ï¼????¸ç¢³çº¤ç»´??产线????稳æ??¨è???2022å¹´ï????¸å???并交ä»??????½å?´ç???C2109290885????ä¸???两æ?¡ç¢³çº¤ç»´??产线ï¼?2023Q1å®???并交ä»??????½å?´ç???C2109290887????ä¸?两æ?¡ç¢³çº¤ç»´??产线????????纤ç???FTHX211228????ä¸????¡ç¢³çº¤ç»´??产线ï¼??¶ä¸­ä¸¤æ?¡å·²äº¤ä?ï¼?ï¼?ç´???¶å?°å?????½å????????纤å????è´§æ?3.8/4.34亿å????

????3ï¼????½ç¢³çº¤ç»´?½äº§?¿ä»£??æ±??ºç??ï¼?å°?è¿?ä¸?æ­¥å?ºæ????¸ä?绩å??¿ã?????计ï?2022年中?½ç¢³çº¤ç»´???»é??æ±?ä¸?4,429?????æ¯?å¢???9.3ï¼?ï¼???æ±?稳å?¥å??¿ï????½äº§çº¤ç»´ä¾?åº???ä»?ä¸?5000???ä»??§ä?ä¸?åº?æ±????¨è?大ä???缺å?£ä?ï¼??½äº§?¿ä»£è¶??¿æ???¾ã??碳纤维主è¦?åº??¨ä?ä½??²ä??²ï?30.9ï¼?ï¼???é£??µï?23.5ï¼?ï¼?????©º??¤©??å·¥é???ï¼?10.5ï¼?ï¼???2023Q1ï¼??¨å?½é??µè??ºå???çº?.8亿å???þ

?????? ???©é?æµ?

?????±ä????¸ä?季度ä»????????²å?»ï?ç»???2022å¹´æ?¥å??2023å¹´ä?å­£æ?¥æ?°æ?????ä»??è°?äº?ä¸?绩é???ï¼??¨ä??????????èµ??????µä?ï¼?é¢?æµ?????023-2025å¹´æ?¶å?¥å????¸º30.44??40.14??45.27亿å??ï¼?EPS????¸º1.04??1.24??1.54????

????é£??©æ??示ï?

????1ï¼???大å?????¨è?ä¸???é¢???ï¼?2ï¼?项ç????èµ?ä¸???é¢???ï¼?3ï¼????¸ä?绩ä???é¢???ï¼?4ï¼?å®?è§?ç»?æµ?ä¸???é¢?????

????以ä?è§??¹ä?????????¸ç??究æ??å·²å??å¸?????究æ?¥å??ï¼??·ä???容å???¸å?³é??©è?è¯þA?2023å¹???24?¥å??å¸?????精工ç§???ï¼?002006ï¼?ï¼????þ>¢³çº¤ç»´è®¾å?主ä?ï¼?è½»è?ä¸??µå??ä¸?绩表?°å???????¥å??

????

????建ç?è£?饰ï???建é?????600629.SHï¼?

?????¨è???»è?ï¼?

??????åº??´æ·±??ä¸??¡é????å·¥ç?设è?é¾?å¤?/P>

??????建é???¢å???²æ??ä¹?ï¼???ä¸???ä½?å¹´ç??æ·±å??åº??´ï????½å??ç¬??家ç?建è?计é???¢å¹¶ä¸?å¸????½æ??设è??¨è?ä¼?ä¸?ï¼?设è?äº?大é??ä¼?ç§?ä½???ï¼?ä¸??¹æ??????ä¸?æµ·å?é¦?ç­?ï¼????¶ä??¡ä»¥å·¥ç?设è?/?¿å??为å???¸ï?è¿?äº?å¹´å??æ¯?????0ï¼?以ä?ï¼?ï¼????¶å????½é???½å??两个å¸??ºã?????¸ä?绩å??¿ç¨³?¥ï?22Q4å®??°å?æ¯????©æ¶¦/?£é??å½?æ¯????©æ¶¦ä¸?.32/0.75亿å??ï¼???ä¸??²ä???季度??é«?ï¼?2023å¹´å?¿å¤´æ­£è¶³ï¼?23Q1å®??°è?¥ä??©æ¶¦1.10亿å??ï¼???åºþ@??ä¸??²ä???季度??é«????°é????æµ?顺ç??ï¼?2020/2021/2022å¹´æ?¶ç?°æ?????¸º102.26ï¼?/98.84ï¼?/94.9ï¼?ï¼?å¤?äº???è¡?ä¼?ç§?æ°´å¹³ï¼?????020/2021/2022å¹?OE????¸º5.89ï¼?/10.50ï¼?/9.91ï¼?ï¼?ä»???è¡?è¾?å·?°´å¹³å?°ä?äº?å¹³å??æ°´å¹³ï¼?ROE?¹å?????¾ã????¥½???°é??æµ?ä¸??¾è??å¢?强ç?????©è?½å??????ä¿?è¿????¸ä?绩è?ä¸?æ­¥å??¿ã??

?????? è¡?ä¸????£å??´å?ï¼?建ç?设è????¥ç©º?´å???????

????建ç?设è?è¡?ä¸???ä¸?º¦è¾?为å???£ï?A?¡è?计é?头è?¥æ?¶å??æ¯?5å¹´å????å°?äº?7.63pctï¼??¶å?????¨ä?é«?ä¼???人å???????????¾ä»¥??é«???人å??产å?¼ï?使å?建ç?设è?ä¸?å¸????¸å??¨äºº?????©ç?¶é?ï¼??¾ä»¥å®??°è?模ç??大å??©å???2018-2022å¹´ï?设è??¿å??人å??产å?¼ä?å¢??¿ä?4.6ï¼?ï¼???2022年人??????º¦27.9ä¸???ï¼?以å??建é????¸ºä¾?ï¼??¶äººå·¥æ???????¥ä???????æ¯???çºþ?¸º50ï¼????¶è??ï¼?å½????¿ç?对建ç­?ä¸?ä¿¡æ????ä¸??ºè?½å???????¹å?????????AI+设è?????æµ?½®ï¼?????å¸þ=?¥å»ºç­?设è?è¡?ä¸????©å?½æ?§å????ï¼????´äºº?????????©æ?æ¢?ï¼???å¡?è¡?ä¸?ç«?äº??¼å???è¿?ä¸?æ­¥è?????°å»ºç­?设è?å¸??ºè?模稳步æ?©å?ï¼????ç®????¥ç©º?´å??¾¾8000亿人æ°?å¸?ï¼?ï¼???ä»??为ï??½å?çª??´äº§?¼å¤©?±æ?¿ã???????´å???建ç?设è?ä¼?ä¸?????大å???é«??½å??è¡?ä¸?å¸?????ï¼?并赢å¾?建ç?ä¸??????ºæµ·???©å?红å?©ã??

?????? AI+èµ??½äº§ä¸?ï¼????¸è???大æ???¥æ?ºé??

????????å¨????????²ï?人工?ºè?½å?¨é?¨å??ç»???设è???????????çºþ?¸ºäººå????10??ï¼???AI+设è????????¨å?¨å»ºç­?设è?è¿??¥æ?ºè?½å???¶ä»£ï¼??¨é????????????¶é??å¡?产ä??»è???产ä??¼å?????建é???¢ç§¯???¥æ?±â??AI+??ï¼??·æ??人æ????????设è?ä¸?ç§??????°è?½å?????°å???ç§?´¯ä¸?æµ·é????ä¼?è´¨æ?°æ????å¸?å±?è¾??©ç?诸å?ä¼??¿ï??????????¨â??AI+设è???é¢?????å¾?å®?è´¨æ?§ç??´ã?????¸æ???¥æ?????¨ä¸»?¥ä??¡å??¿å???©æ¶¦?????????ºç?ä¸?ï¼?????è§?模ç?æµ?????ï¼?å®??°å??ºä»½é¢???大å???????

?????? ???¸ä?为å?°æ?¹ä?è´¨å?½ä?ä»·å?¼é??ä¼°å???¨å?¨å????è¶?/P>

????????????Eä»?ä¸?2.63xï¼?è¿?ä½?äº?设è?è¡?ä¸?å¹³å??æ°´å¹³ï¼?48.53xï¼?ï¼?PBä¸?.89xï¼????·ä?äº?设è?è¡?ä¸?å¹³å??æ°´å¹³ï¼?2.05xï¼???ä½?为å?°æ?¹ä?è´¨å?½ä?ï¼??¨ä¸­?¹ä¼°?????ï¼??·å?????ä¼°å?¼ç???????¨å?????¶ä¼°?¼ä¿®å¤?è·??为ï?1ï¼??°å???è½????©å??ä»·å?¼é??ä¼°ã??2ï¼?ç§?????å±?æµ·å?ä¸??¡ï???ç´§ä?å¸þ??è·??ºé????3ï¼?é«?æ¯??©ä??¡ç????å±?ä¸?ROE???¹å??ï¼??????????©è?½å??????è¿?ä¸?步修å¤??¶ä¼°?¼ã??

?????? ???©é?æµ?

????é¢?æµ?????023-2025å¹´æ?¶å?¥å????¸º94.91??110.64??129.19亿å??ï¼?EPS????¸º0.61??0.83??1.09????

????é£??©æ??示ï?

??????AI+设è???è¿?å±?ä¸???é¢???ï¼????¸ä?绩ä???é¢???ï¼?æµ·å??¥æ?¶ä???é¢?????

????以ä?è§??¹ä?????????¸ç??究æ??å·²å??å¸?????究æ?¥å??ï¼??·ä???容å???¸å?³é??©è?è¯þA?2023å¹???12?¥å??å¸???????建é?????600629ï¼?ï¼?è¡?ä¸??¼å???å¡?ä¹??ºå??³ï?AI+???¥é??ä¼°ä»·?¼å???????¥å??

????

????建ç?建æ??ï¼?ä¸??½ä¸­??ï¼?601390.SHï¼?

?????¨è???»è?ï¼?

???????°é??æµ???款è?½å???¹å??ï¼?ä¸?绩å??¿ç¨³å®?

????2023å¹´ç?ä¸?季度å®??°è?¥æ??726.25亿å??ï¼???æ¯?+2.07ï¼?ï¼?å½?æ¯????©æ¶¦/?£é?????©æ¶¦ä¸?8.8/74.1亿å??ï¼???æ¯?+3.8ï¼?/+0.9ï¼?ï¼????©æ?¹é???Q1???????©ç??/æ¯??©ç??ä¸?.26ï¼?/9.08ï¼?ï¼???æ¯?????.14pct/-0.12pct???°é??æµ??¹é???2023å¹?1???¸ç??¥æ?§ç?°é????æµ??ºä¸º380.2亿å??ï¼?è¾??»å¹´????å°?æµ???13.75亿å??ï¼??°é??æµ???款æ???µæ???¾æ?¹å????

????????ä¸??¡ç??ï¼?2023Q1???¸å?ºå»ºå»ºè?/设è??¨è? /è£?å¤??¶é??/?°äº§å¼???/?¶ä?ä¸??¡å??????°è?¥æ??347/47.2/72.7/78.8/180亿å??ï¼???æ¯?+1.67ï¼?/-2.95ï¼?/+12.53ï¼?/-11.07ï¼?/+12.33ï¼???æ¯??©ç??????¸º7.63ï¼?/22.93ï¼?/21.03ï¼?/18ï¼?/15.58ï¼?ï¼???æ¯?????0.18/-2.29/+2.11/+0.85/-0.39pct??è£?å¤??¶é??/?°äº§å¼???ä¸??¡æ??©ç????????????è´¹ç?¨ç???¹é???2023Q1???¸æ???´è´¹?¨ç??4.75ï¼?ï¼???æ¯?ä¸???0.11pctï¼??¶ä¸­????管ç??/????/è´¢å?¡è´¹?¨ç????æ¯?+0.05ï¼?/+0.05ï¼?/-0.27ï¼?/+0.05ï¼?ï¼??´ä?è´¹ç?¨æ?§å?¶è?稳å???Q1???©æ¶¦å¢???å¤?äº?8大建ç­?å¤??ä¸??ä½?æ°´å¹³ï¼?主è?????ç³»ï?1ï¼?ä¿¡ç?¨å???¼æ??失å??æ¯?å¢???2.9亿ï?2ï¼??¶ä?ä¸??¡ï??¿ä?ä¸??¡ï?ä½?äº?é¢???ï¼??¤ä??¼æ¶¨ä»·ï??¶ä?主è???å±?ï¼??????????´ï?ä»·æ?¼å?ºæ????æ¯?ä¸?æ»?ï¼?对ä?绩æ??ä¸?å®?å½±å????

???????´ä?订å??è¾?为å??è¶?/P>

????2023å¹´ç?ä¸?季度???¸æ?°ç?????é¢? 6673.8 亿å??ï¼???æ¯?å¢???0.2ï¼?????ä¸??¡æ?¥ç??ï¼?设è??¨è??°ç????? 77.4 亿å??ï¼???æ¯?-35.1ï¼?ï¼?å·¥ç?建é???°ç?????5060.3 亿å??ï¼???æ¯?+ 21.8ï¼?ï¼?è£?å¤??¶é???°ç????? 162.1 亿å??ï¼???æ¯?+8.6ï¼?ï¼??¿å?°äº§å¼???ä¸??¡æ?°ç?????170.5亿å??ï¼???æ¯?+137.8ï¼?ï¼?èµ?产ç??¥æ?°ç?????402.9亿å??ï¼???æ¯?-42.3ï¼?ï¼?èµ?æº??©ç?¨ä??¡æ?°ç????? 65.6 亿å??ï¼???æ¯?+10.3ï¼?ï¼??????©è´¸ä¸??¡æ?°ç????? 172.2 亿å??ï¼???æ¯?+29.7ï¼?ï¼??°å?´ä??¡ï?????°´?©æ°´?µã??æ¸?æ´??½æ??????????????å¸?è¿??¥ã???ºå?ºè????以å???¶ä??°å?ºå»ºä¸??¡ï??°ç????? 562.8 亿å??ï¼???æ¯?-16.5ï¼???????023å¹?????????¸æ???????é¢?5.3ä¸?亿å??ï¼???æ¯?å¢???ï¼?ï¼????????¸å?¨æ??订å????足ï????¥è?¥æ?¶ç?????ä¿???稳å?å¢??¿ã??

???????°å?ºç??ï¼????¸å???/å¢?å¤?ä¸??¡å?????°ç?????é¢?6273.4/400.2亿å??ï¼???æ¯????????0.8ï¼?/1.1ï¼???

??????å¤???©æ¶¦å¼¹æ?§ä??°ï?????Bä½?äº????????/P>

????ä»?2023å¹´è?ä¸??´ä??¥ç??ï¼?8大建ç­?å¤??ï¼?ä¸??½ä¸­??/ä¸??½é??å»?ä¸??½äº¤å»?ä¸??½ç?µå»º/ä¸??½è?½å»º/ä¸??½å»ºç­?/ä¸??½ä¸­??ä¸??½å??å­þ

??????????ä¿¡æ?¿å???¸å?å¤??????ä¸?大è??¥å??å¹³å??PBä¸?.39ï¼??³æ²¹??å·¥æ?¿å???¸å?å¤??????ä¸?桶油平å??PBä¸?.98ï¼??¸æ?ä¹?ä¸?ï¼?ä¸??½ä¸­??????PB?????ä¸?.88ï¼?PBä¼°å?¼å??ä½?????ä»??为央?½ä?ä»·å?¼é??估并??ä»?ä»????¢å?1????èµ?产ï?ä»?å¹´ï?建ç?å¤??ä¼°å?¼æ??大ç???????¨ä?ï¼????????¸è´¢?¥è´¨????????ï¼?å¸??ºå?ä¼????¶å?°ç?äº?å¤???´é???PBä¼°å?¼ã??

?????? ???©é?æµ?

?????????¸ç?¿ä?ä¸??¡å?ä¸????ç±»é??å±?Q1è·?ä»·å??ä¿¡ç?¨å???¼ç???ç´?ï¼???ä»??è°?????023-2025å¹´ä?绩é?æµ?ï¼??³å?æ¯????©æ¶¦????¸º371??395??449亿å??ï¼?EPS????¸º1.5??1.6??1.81????

????é£??©æ??示ï?

????ï¼?1ï¼??ºå»º??èµ?å¢???ä¸???é¢???ï¼?ï¼?2ï¼?å®?è§?ç»?æµ?ä¸?è¡???????大ï?ï¼?3ï¼??¨å??项ç???¶ç????ä¸???é¢?????

????以ä?è§??¹ä?????????¸ç??究æ??å·²å??å¸?????究æ?¥å??ï¼??·ä???容å???¸å?³é??©è?è¯þA?2023å¹???5?¥å??å¸?????ä¸??½ä¸­??ï¼?601390ï¼?ï¼??°é??æµ??¹å?????¾ï?ä½?PBå±??§ä?强ã???¥å??

????

??????å·¥ï?ä¸??½ç?³æ²¹ï¼?601857.SHï¼?

?????¨è???»è?ï¼?

??????æ²¹æ?ä»·æ?¼ä¸­???移ï??¥æ?¶å???©æ¶¦???°é?

????2022å¹´ï????¸ä?绩大å¹?å¢??¿ï?主è??±ä?大é?¨å??æ²¹æ?产å??ä»·æ?¼ä?æ¶???¶ä¸­??æ²¹ã??汽油???´æ²¹???¤æ²¹å¹³å??å®??°ä»·?¼å????¸º4645??/?¨ã??8686??/?¨ã??7861??/?¨ã??6771??/???天ç?¶æ?å¹³å??å®??°ä»·?¼ä¸º2684??/??ç«??¹ç±³ï¼???????æ¯?å¢???5.2ï¼???23.8ï¼???45.7ï¼???84.9ï¼???55.2ï¼?????ä¸??¡æ?¥ç??ï¼?æ²¹æ????°è?½æ????¼æ²¹??å·¥å???°æ????????????天ç?¶æ???????°è?¥æ??292.79亿å????11645.96亿å????27718.94亿å???? 5192.11亿å??ï¼???????æ¯?å¢???5.0ï¼???19.4ï¼???27.9ï¼???24.5ï¼???

?????½é????æ²¹å???022å¹´ä???ç»´æ??紧平衡ç?¶æ??ï¼???油价?¼ä???é«?ä½????¡ã?????¸æ??ä½?油价ä¸?涨ç?????©æ?¶æ?ºï???强æ???????¢å???ï¼????þ=²¹æ°?å¢??¨ä?产ï?????绿è?²ä?碳转??ï¼?严æ?¼æ?§å?¶è´¹???å®??°ç??¥å?©æ¶¦2167 亿å??ï¼???æ¯?å¢???4.4ï¼???

?????? ????????????¾è??ï¼????©è?½å????ç»?????

????2023Q1ï¼????¸å??油平??å®??°ä»·??5.98ç¾???/桶ï???æ¯?ä¸???11.9ï¼?ï¼?ä½?æ²¹æ???æ±???æ­¥å?????????å¢???ï¼?以å?????????å·¥ä???ç»??¨è?ï¼????¸ç??¥ä?绩ä???å¢??¿ï????©ç??å¢??¿è??.62ï¼?ï¼???æ¯?+1.02pctï¼?????ä¸??¡æ?¥ç??ï¼?æ²¹æ????°è?½æ????¼æ²¹??å·¥å???°æ????????????天ç?¶æ???????????°ç??¥å?©æ¶¦ 409.96亿å???? 84.70亿å???? 81.56亿å???? 101.36亿å??ï¼???????æ¯?+5.7ï¼???-21.3ï¼???+79.0ï¼???+13.3ï¼????????½å¤®ä¼??¹é?©ç????步深?¥ï????¸å?è¿?ä¸?æ­¥æ?§å?¶å??项费?????ç»???é«?ç»??¥æ?????????©è?½å??ï¼??¨ä¸­?½ç?¹è?²ä¼°?¼ä?ç³»ä?ï¼????¸ä¼°?¼æ??????ç»?¿®å¤???

??????å¸?å±??°è?½æ?ä¸??¡ï??¼å??è½?????级è?ç¨?????

???????¸æ?°è?½æ?ä¸??¡å??å±??¨é?¢æ????ï¼?ä¸?æ²¹æ?ä¸??¡æ·±åºþA??????大å?æ²¹ç?°è?¡ä???å°?????å¸?å¼??µæ???群å??¨ç¤º??ä¸???å·¥ç?并ç????µï?ç´??建æ??é£??????µè??ºè?模è?140ä¸????þ

???????±ä?????æ²¹å????工产??æ¯??©ä???ï¼????¸ç?¼æ²¹??å·¥å???°æ????ä¸?绩æ?¿å???????¥å???¸å????????¥ç?¹è?²å??æ²¹è?æº?ä¸??¼å??è£?ç½???¿ï???大ä?ç¡??¹ç?¨ç????æ²¹ã???³è?¡ã??æ¶þ=?æ²¹ã??æ²¥é??ç­??¹è?²äº§????产å??åºþ

?????????©é?æµ?

????é¢?æµ?????023-2025å¹´æ?¶å?¥å????¸º 31027 ??32064??33122亿å??ï¼?EPS????¸º0.79??0.83??0.88????

????é£??©æ??示ï?

????ç»?æµ?ä¸?è¡?ï¼???????ä»·æ?¼å¤§å¹?æ³¢å???产è?½æ???¾ä???é¢???ï¼?ä¸?游é??æ±?ä¸???é¢???ï¼????¸äº§??ä»·æ?¼å¤§å¹?æ³¢å?¨ç?

????以ä?è§??¹ä?????????¸ç??究æ??å·²å??å¸?????究æ?¥å??ï¼??·ä???容å???¸å?³é??©è?è¯þA?2023å¹???30?¥å??å¸?????ä¸??½ç?³æ²¹ï¼?601857ï¼?ï¼????©è?½å????ç»?????ï¼??³æ³¨ä¼°å?¼ä¿®å¤??ºä????¥å??

????

?????»è?????©ï??¥æ??????600976.SHï¼?

?????¨è???»è?ï¼?

??????é¾??¡å£®éª¨é?ç²??§è´§?¶æ?å·²è?

??????020å¹´ï????¸é??è¿???级å??è£????¹å???£å?³ç??¹å???级é??§å£®éª¨é?ç²???ç§?ï¼?产å??ä»·æ?¼æ??????-3.1??/5g?????¸æ?©å????????ä¼?ï¼?æ·±è?? OTC??Rx???µå??æ¸???ï¼?2021??2022å¹´å????????86.28??541.22?¾ä?è¢???为ä??¤é??§å£®éª¨é?ç²?ä»·å?¼é?¾ï?2022å¹´å???¸å?该å??ç§?å®?è¡?æ¸???管æ?§ç??§è´§???½ï??´ä½¿2022å¹´ä???å¹´é????????ä¸?æ»???å®??½æ?§è´§???½å??ï¼?ç»?ç«?»·?¼æ?????¢å?ï¼?æ¸???åº?å­????ºæ???常ï?2022å¹?3é¾??§å£®éª¨é?ç²???ç§??????¢å?正常ï¼?é¢?è®?023å¹´é????å°???????????

??????ä½??¹ç??é»???æ±???å¢???

????2023å¹???6?¥ï??½å????¥å?ç½?ç«???????°å?????¶ç??æ¯?????è¯????¹æ?ï¼?è¯?è¡?ç¬?????ï¼???ï¼?å®?å®???é»?丸å???¨ä??±é?????°å???£è??????????±ç????é«?????ï¼??°å????????ä¾?å¢?å¤?????ç´?ä½??¨ä?ï¼?å®?å®???é»?丸é????æ¿?å¢?????é»????å®???é»?丸æ??主è?????????ï¼?å®?å®???é»?丸ç??????å¸þ@?¨ä?游ç??é»?å¸??ºé??æ±???å¢???ï¼?ä½?天ç?¶ç??é»?产é??è¾?ä½?ï¼??????½å??æ¯?年天?¶ç??é»?产é??900???¤ï?ä½?å¸??ºé??æ±???ä¸?000-6000???¤ï?ä¾???缺å?£å·¨å¤§å??´å¤©?¶ç??é»?ä»·æ?¼å?é«?ä¸?ä¸?ï¼??´ä½¿å®?å®???é»?丸æ??????????2004å¹´å?½å?????å±?é¢????½é?????注ã??2004??21 ?·æ????ç¡??å®?ï¼?对ä??½å?????????å¤??¹ä¸­????é»???临å??¥é????????ç§?ï¼????½å????????£ç????¨é?¨æ?¹å????????é»????°è??????å¤??¹ä¸­????é»?以ä?å¤??¹è?²ç??é»??¿ä»£??é»?ç­???????使ç?¨ã?????¸ç??ä½??¹ç??é»??¨ä???è´¨é????临å?稳å??§ç?????¶ï?????解å?³ä?åº?ä¸?足ç?????ï¼?ä»·æ?¼ç?¸å?稳å?ï¼?ä¸?游ä?ä¸????????§å?¶æ??????2021??2022å¹´å???¡å????¸å?¥æ?大é?å®???.43??4.48亿å?????©æ¶¦ï¼???æ¯?å¢???8.45ï¼???30.43ï¼?ï¼?è¿?å¹´é???¨ä?å¤??¹è?²ç??é»???ä¸?游ä?ä¸??°é?????¾å???ï¼?ä½??¹ç??é»???????ç»?¸º???¸è´¡???©æ¶¦??

???????¹è?²æ?°é?»ç?³å??ç§?

???????¸å????以å??å±?ä¸??»è??¸º?¸å?ï¼???建以ä¸?????¸ºä¸»ç???¿ç???å¦?ç§????¹è?²ä¸­????产线ï¼?ä¸??½é??å¤??¹è???©å??ä¼???å¸?????ä¸??½é??å¤??¹è??º§??ï¼?ä¸??????综å????????ä¸??大å?????¥æ?é¾??¡å£®éª¨é?ç²?ä½?å±??¿ç?æ¶???ç±»ç?ä¸?ï¼?2021ï¼? ï¼????¸å?¨å??¿ä¸­??????ºå??å¾?é¾?头å?°ä??????¸è????¹è?²ç?äº?æ¢???产å??--便é???¶å??ï¼?便é???¶å???¨å?»é?¢æ??äº???ä½?å¹´ç???????ºç?ï¼??·æ????¥½??æ²»ç???????????¶å???¸æ¢³???????ç±»ç???产å??ï¼?å¦?å®???è¡¥è???£æ??液ã????æ¯??????£ç?ï¼???è¿?以é??¡å£®éª¨é?ç²?为主?? OTC ?¥é??模å??????°äº§???????????

?????? ???©é?æµ?

????é¢?æµ?????023-2025å¹´æ?¶å?¥å????¸º39.97??43.50??47.52亿å??ï¼?å½?æ¯????©æ¶¦????¸º5.34??6.35??7.74亿å??ï¼?EPS????¸º3.48??4.14??5.05????

????é£??©æ??示ï?

????ä½??¹ç??é»?????ä¸???é¢?????é¾??§å£®éª¨é?ç²?????ä¸???é¢??????????¨å¹¿ä¸???é¢???ç­?é£??©ã??

????以ä?è§??¹ä?????????¸ç??究æ??å·²å??å¸?????究æ?¥å??ï¼??·ä???容å???¸å?³é??©è?è¯þA?2023å¹???15?¥å??å¸??????¥æ??????600976ï¼?ï¼?ä½??¹ç??é»???ç»?´¡???©æ¶¦ï¼??»è??·¥ä¸??¨è?天æ?´ã???¥å??

????2.3

???????¡ç???©é?æµ?è¡?/STRONG>