> 数据图表咨询大家投资方向围绕3大主线：确定性看T链；国产0到1看华为2025-4-3投资方向围绕3大主线：确定性看T链；国产0到1看华为&小米；智能化看figure&智元&银河通用单位：亿元公司601127.SH603809.SH002765.SZ300432.SZ300680.SZ603319.SH603009.SH003021.SZ002779.SZ605333.SH605319.SH301307.SZ300258.SZ603809.SH600480.SH301007.SZ301210.SZ603305.SH002126.SZ603319.SH003021.SZ688071.SH600699.SH688306.SH605333.SH002896.SZ300432.SZ600699.SH688306.SH赛力斯豪能股份蓝黛科技富临精工隆盛科技美湖股份北特科技兆威机电中坚科技沪光股份无锡振华美利信精锻科技豪能股份凌云股份德迈仕金杨股份旭升集团银轮股份美湖股份兆威机电华依科技均胜电子均普智能沪光股份中大力德富临精工均胜电子均普智能华为链小米链figure链智元链银河通用链2024E归母净利润59.5 3.2 1.2 4.2 2.3 2.2 0.7 2.2 0.7 6.4 3.81.9 3.2 7.04.5 8.4 2.2 2.2 (0.5)9.6 0.1 6.4 0.8 4.2 9.6 0.1yoy扭亏77%扭亏扭亏57%3%40%21%47%1079%37%-19%77%11%-37%38%3%21%亏损扩大-11%扭亏1079%4%-177%-11%扭亏2025E归母净利润102.1 4.2 2.2 11.0 3.2 2.8 1.2 2.8 1.1 8.8 4.82.6 4.2 8.45.9 11.2 2.8 2.8 0.5 15.68.8 0.9 11.0 15.6/////yoy61%23%31%114%38%26%52%26%24%38%25%32%23%18%25%33%26%26%扭亏75%38%14%168%75%来源：Wind、中泰证券研究所（注：归母净利润来自wind一致预期，时间为2025年4月12日收盘价）2024E37.131.273.651.236.934.1188.4126.0169.221.620.531.331.220.925.924.034.1126.0-59.622.61426.921.6170.651.222.61426.9PE（2025/3/30）2025E21.623.941.519.426.827.1116.699.4107.215.716.323.423.917.419.618.027.199.457.713.915.7147.719.413.9市值2,204.4 100.4 91.4 214.2 85.2 75.7 134.6 274.4 119.7 137.8 77.6 50.2 60.0 100.4 146.4 27.6 38.1 116.3 202.7 75.7 274.4 27.7 216.7 121.0 137.8 129.6 214.2 216.7 121.0 37中泰证券大消费
