> 数据图表我想了解一下4.2 华测检测：战略和管理为核心优势，看好龙头长期成长2025-5-54.2 华测检测：战略和管理为核心优势，看好龙头长期成长基本盘成长点收入成本表-300012.SH 华测检测（单位：百万元）1、生命科学检测YOY毛利率占比（1）环境监测YOY毛利率（2）食品检测YOY毛利率（3）医学检测YOY毛利率2、贸易保障检测YOY毛利率占比3、医药医学YOY毛利率占比4、工业品测试YOY毛利率占比5、消费品测试YOY毛利率占比营业总收入YOY综合毛利率期间费用率净利率归母净利润YOY总市值PE2017A2018A2019A2020A2021A2022A2023A2024A2025E2026E1,026 40.9%42.7%48%1,425 38.9%39.6%53%739560126327 -4.6%71.4%15%365 11.8%69.85%14%431 37.0%24.6%20%334 25.2%48.4%16%2118 28.2%44.4%34.9%6.3%134 31.9%7455500 16.1%38.1%19%390 16.7%48.8%15%2681 26.6%44.8%34.7%10.1%270101.6%109401,763 23.7%47.2%55%902 22.0%712 27.2%149 18.0%434 18.8%67.7%14%562 12.3%40.2%18%425 8.8%52.1%13%3183 18.7%49.4%35.7%15.0%476 76.5%247521,991 12.9%48.0%56%929 3.0%840 18.0%222 49.0%480 10.5%68.8%13%696 23.9%46.3%20%402 -5.3%43.5%11%3568 12.1%50.0%34.3%16.2%578 21.2%456792,087 4.9%49.1%48%993 10.0%47.6%1,094 30.0%50.6%574 19.6%66.5%13%369 66.7%48.0%803 15.4%44.6%19%495 23.3%51.0%11%4329 21.3%50.7%33.1%17.2%746 29.2%449602,297 10.0%48.9%45%1,063 7.1%46.3%1,234 12.8%51.1%662 15.5%65.9%13%551 49.1%46.2%904 12.5%40.6%18%716 44.6%48.6%14%5131 18.5%49.3%30.9%17.6%903 21.0%375422,497 8.7%47.9%45%1,164 9.5%46.0%1,333 8.0%49.5%700 5.6%64.6%12%337-38.9%39.0%6.0%1,091 20.7%43.6%19%979 36.7%44.8%17%5605 9.2%48.04%31.7%16.2%910 0.8%201212,841 13.8%50.43%47%1,401 20.4%48.5%1,439 8.0%52.3%287-14.7%20.4%4.7%1,204 10.3%45.3%20%988 0.9%43.5%16%764 9.2%71.2%13%6084 8.6%49.47%32.0%15.1%921.07 1.2%187.80202,704 -4.8%50.6%41%1,121 -20.0%48.0%1,583 10.0%52.5%345 20.0%30.0%5.3%1,445 20.0%45.3%22%1,186 20.0%44.0%18%856 12.0%71.2%13%6535 7.4%49.8%32.0%16.2%1055.55 14.6%187.80182,887 6.8%50.7%41%1,177 5.0%48.0%1,710 8.0%52.5%414 20.0%35.0%5.8%1,589 10.0%45.0%22%1,304 10.0%45.0%18%924 8.0%71.2%13%7118 8.9%50.1%32.0%16.5%1172.53 11.1%187.8016数据来源：Wind，东吴证券研究所（注：市值/PE对应2025年4月30日收盘数据）38东吴证券综合其他
