20240324_东方证券_汽车与零部件行业央国企改革专题研究：汽车央国企改革有望推动企业价值重塑_23页.pdf-资源下载-

报告吧 > 资源分类 > PDF文档下载

阅读全文

20240324_东方证券_汽车与零部件行业央国企改革专题研究：汽车央国企改革有望推动企业价值重塑_23页.pdf

资源ID：167834 资源大小：831.91KB 全文页数：23页
资源格式： PDF 下载积分：9.9金币【人民币9.9元】

快捷下载

会员登录下载

三方登录下载：

下载资源需要9.9金币【人民币9.9元】

邮箱/手机：
温馨提示：	用户名和密码都是您填写的邮箱或者手机号，方便查询和重复下载（系统自动生成）
支付说明：	本站最低充值10金币，下载本资源后余额将会存入您的账户，您可在我的个人中心查看。
支付方式：
验证码：	换一换

加入VIP,下载共享资源

友情提示

1、下载资料失败解决办法

2、PDF文件下载后，可能会被浏览器默认打开，此种情况可以点击浏览器菜单，保存网页到桌面，既可以正常下载了。

3、本站不支持迅雷下载，请使用电脑自带的IE浏览器，或者360浏览器、谷歌浏览器下载即可。

4、本站资源下载后的文档和图纸-无水印,预览文档经过压缩，下载后原文更清晰。

5、试题试卷类文档，如果标题没有明确说明有答案则都视为没有答案，请知晓。

网站客服

侵权投诉

20240324_东方证券_汽车与零部件行业央国企改革专题研究：汽车央国企改革有望推动企业价值重塑_23页.pdf

|2024 SW 2018-2022 1.8 2018 68.0%2023H1 52.6%2018 74.0%2023H1 43.5%50%ROE 2023H1 11.7%17.9%6.2 2023H1 TTM 2018 9.2%2022 4.2%2023H1 4.5%2018 2024/2024 03 24 S0860512060001 S0860523070005 0311-0317 2024-03-17 2024-03-17 1-2 0304-0310 2024-03-10 2 1.5 2.5 3.7 4.10 4.1.10 4.2.11 4.3.13 4.4.14 4.4.1.14 4.4.2.16 4.4.3.18 5.19 6.21 1ZEVxOrMmPmNsMoNnQpQmNbR9R9PnPoOmOsOfQoOpMeRmOtO9PmMwOuOtPsOuOrRyQ 3 1.5 2.6 3 2022/.6 4.6 5 2022/.6 6.7 7.7 8.7 9.7 10/.8 11/.8 12/TTM.8 13/.9 14/.9 15/TTM.9 16/.10 17/.10 18/TTM.10 19.11 20.12 21.12 22 2020-2023.13 23 2021-2023.13 24 2020-2023.14 25 2020-2023.14 26.15 27.16 28.16 29.17 30.18 31.19 32.19 33 2023.19 34/PE-TTM.20 4 35/PB.20 36 PE-TTM.20 37 PB.20 1.16 2.21 yHWKLLpvN+EIIYkCtW+E/LzkDSe1RnSOm2svFrHBRVlpoXd4rjIrl7QBX8c+tEho 5 1 2024 1 2 SW 2018-2022 1.8 2023 8954 2018 68.0%2023H1 52.6%2018 692.98 2022 384.42 2018 74.0%2023H1 43.5%6 2 3 2022/Wind Wind 4 5 2022/Wind Wind 2018-2022 SW+SW 1.25 2018 444.56 2022 260.59 2023H1 181.75 2018 81.6%2023H1 61.5%2018 83.7%2023H1 60.0%2023H1 0%10%20%30%40%50%60%70%80%050001000015000200002018 2019 2020 2021 2022 2023H1 54%46%0%20%40%60%80%100%01002003004005006007008002018 2019 2020 2021 2022 2023H1 45%55%7 6 7 Wind Wind SW 2021 5000 2018 59.5%2023H1 47.0%2022 2021 49.4%2022 2019 2019 91.0%2023H1 30.6%8 9 Wind Wind 3 ROE 2018 14.3%18.9%4.7 2023H1 11.7%17.9%6.2 0%20%40%60%80%100%020004000600080001000012000140002018 2019 2020 2021 2022 2023H1 0%20%40%60%80%100%01002003004005002018 2019 2020 2021 2022 2023H1 0%10%20%30%40%50%60%70%01000200030004000500060002018 2019 2020 2021 2022 2023H1 0%20%40%60%80%100%0501001502002502018 2019 2020 2021 2022 2023H1 8 2023H1 2019 2019 1.2%2023H1 4.6%2022 10/11/Wind Wind 2018-2021 TTM 2022 2018-2022 2018 9.7%2022 4.2%2023H1 4.5%2019 2.0%2023H1 7.4%12/TTM Wind 2018 13.4%17.5%4.0 2023H1 10.0%17.7%7.7 2018 2021 2022 2023H1 3.1%0%5%10%15%20%2018 2019 2020 2021 2022 2023H1 0%1%2%3%4%5%2018 2019 2020 2021 2022 2023H1 0%2%4%6%8%10%12%2018 2019 2020 2021 2022 2023H1 9 13/14/Wind Wind TTM 2018 9.2%2022 4.3%2023H1 2022 2018-2021 2022 9.1%2023H1 11.4%15/TTM Wind 2018 17.4%23.5%6.1 2023H1 15.6%19.6%4.1 2019 0.4%2023H1 6.3%2022 0%5%10%15%20%2018 2019 2020 2021 2022 2023H1 0.0%0.5%1.0%1.5%2.0%2.5%3.0%3.5%4.0%2018 2019 2020 2021 2022 2023H1 0%2%4%6%8%10%12%2018 2019 2020 2021 2022 2023H1 10 16/17/Wind Wind 2018-2022 TTM 2023H1 2018-2019 2020-2023H1 2 18/TTM Wind 4 4.1 2018 2024 2018 2019 0%5%10%15%20%25%2018 2019 2020 2021 2022 2023H1 0%1%2%3%4%5%6%7%8%2018 2019 2020 2021 2022 2023H1 0%2%4%6%8%10%12%2018 2019 2020 2021 2022 2023H1 11 2020 2020 2021 2023 GDP 4 2023 2024 2024 1 2024 3 19 4.2 2005 2014 5 2022 5 12 20 21 13 4.3 2023 112 55 47 35 2022 3 2023 300 2023 2021 100%2022-2023 2021-2023 CAGR 103.8%96.1%2021-2023 CAGR 123.8%143.6%103.8%22 2020-2023 23 2021-2023 Wind Wind 2023 28.9%2023 22.4%21.9%18.6%18.0%2023 31.6%2020 23.4%2022 2023 11.8%2020-2023 0501001502002503002020 2021 2022 2023-50%0%50%100%150%200%250%300%350%2021 2022 2023 14 2023 6%24 2020-2023 25 2020-2023 Wind Wind 4.4 4.4.1 2017 2018 2021 11 11 12 2022 8 2023 11 2024 SUV E15 E16 2022 4 2022 Z 15-25 SL03 S7 2024 SUV G318 C857 2023 8 27 10-20 3 A05 A07 Q05 2024 C798 SL03 S7 A07 NVH iDD P2 UNI CS AI 0%5%10%15%20%25%30%35%2020 2021 2022 2023 0%5%10%15%20%25%30%35%2020 2021 2022 2023 15 P13 EPA1 CHN SDA 26 2018 2018 1 LTE-V 5G 7 2020 12 2021 11 15 11 HI 2023 8 16 17 2023 11 Newcool AR-HUD 40%16 1 2018 1 LTE-V 5G 2018 7 2020 12 2021 11 11 HI 2023 8 16 2023 8 17 2023 11 40%2020 3.7 2021 11.41 207.5%E-Star 2022 SL03 Lumin UNI-K iDD 27.12 137.7%2023+iDD 47.40 74.8%2020-2023 CAGR 133.8%2020-2023 2.7%5.0%27 28 4.4.2 0%50%100%150%200%250%010203040502020 2021 2022 2023 0%1%2%3%4%5%6%2020 2021 2022 2023 17 2006 18 2023 120 2013-2018 23%-25%2019 2023 502 5.3%16.7%3.0 29 Wind 2022 3 2000 6 100 2 4 2016-2023 12.9 120.82 CAGR 37.7%2016-2023 8 2022 101.7 100 2023 MG 84 5 2023 29 24%2024 2024 L7 LS7 2025 LS6 L6 0%5%10%15%20%25%30%01002003004005006007008002013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 18 30 Wind 4.4.3 1 2 3 4 90 300 110 600 28 KD 20 2018 16.80 2023 23.42 2023 20 2022 2021 2022 5.41 8.85 74.6%63.8%2023 13 2018 21.6%50%0%10%20%30%40%50%60%70%80%90%0204060801001201402016 2017 2018 2019 2020 2021 2022 2023 19 31 2018 14.6%2023 25.7%19 2023 44%32 33 2023 5 2024 3 6 PE-TTM 16.24x PE-TTM 23.36x PE-TTM 20.60 x 2024 3 6 PB 1.22x PB 2.82x PB 2.01x-60%-40%-20%0%20%40%60%80%100%0510152025302018 2019 2020 2021 2022 2023 0%10%20%30%40%50%60%2018 2019 2020 2021 2022 2023 44%20%16%7%6%6%20 34/PE-TTM 35/PB Wind Wind 2024 3 6 15 PE-TTM 25.9%10 x 10 x 20 x 2 11 3.4%19.0%8 13.8%PB 1x 2x 25 43.1%36 PE-TTM 37 PB Wind Wind(000625)(600418)(000951)(600104)(600741)(000338)(601238)(603179)(002126)(300926)(603730)(002997)(600933)(601689)(603197)(301459)(603305)(002050)(688533)(300580)(603596)(300258)(002920)(002906 0102030405060702020/1 2021/1 2022/1 2023/1 2024/1 PE PE01234562020/1 2021/1 2022/1 2023/1 2024/1 PB PB0246810121416 10 x 10 x 20 x 20 x 30 x 30 x 40 x 40 x PE 051015202530 1x 2x 2x 3x 3x 4x 4x PB 21)(002472)(603997)(605128)(600660)2 Wind EPS Wind 6 2024 2022A 2023E 2024E 2025E 2022A 2023E 2024E 2025E600104.SH 14.63 1.39 1.29 1.39 1.53 10.51 11.36 10.49 9.56601238.SH 8.87 0.77 0.57 0.68 0.76 11.53 15.54 13.07 11.61000625.SZ 16.83 0.79 1.12 0.97 1.22 21.40 15.09 17.26 13.83601633.SH 24.37 0.97 0.82 1.18 1.51 25.19 29.71 20.62 16.13002594.SZ 209.47 5.71 10.57 14.05 18.04 36.69 19.81 14.91 11.61000951.SZ 16.41 0.18 0.86 1.23 1.59 90.21 18.97 13.38 10.33601127.SH 98.45-2.54-1.70-0.14 1.48-38.79-58.06-720.91 66.54000550.SZ 28.14 1.06 1.67 1.96 2.43 26.55 16.89 14.36 11.59603179.SH 44.70 0.97 1.66 2.31 3.02 46.29 26.94 19.38 14.81300926.SZ 28.12 0.53 1.06 1.56 2.14 53.01 26.62 18.05 13.17002126.SZ 18.57 0.48 0.76 1.03 1.38 38.97 24.53 17.98 13.47603730.SH 12.57 0.45 0.61 0.76 0.93 28.05 20.68 16.49 13.48002997.SZ 31.37 0.71 1.07 1.61 2.12 44.44 29.45 19.54 14.83600933.SH 20.45 0.72 1.00 1.25 1.58 28.29 20.50 16.42 12.96601689.SH 61.01 1.46 1.85 2.61 3.52 41.73 32.96 23.35 17.31603197.SH 52.09 1.01 1.98 2.63 3.41 51.56 26.34 19.80 15.25603305.SH 15.18 0.75 0.86 1.11 1.42 20.20 17.59 13.66 10.68002050.SZ 25.59 0.69 0.84 1.04 1.28 37.12 30.53 24.55 19.96688533.SH 29.09 0.54 1.00 1.55 2.10 53.40 29.07 18.82 13.86600741.SH 17.12 2.28 2.29 2.64 2.95 7.49 7.47 6.48 5.81603596.SH 61.10 1.61 2.12 2.82 3.67 37.89 28.77 21.69 16.66001311.SZ 40.92 2.43 2.90 3.50 4.40 16.84 14.09 11.70 9.30002920.SZ 122.11 2.13 2.74 3.84 5.13 57.25 44.51 31.84 23.79002906.SZ 26.76 0.73 0.89 1.22 1.61 36.88 30.20 22.02 16.67002472.SZ 24.95 0.68 0.96 1.22 1.53 36.56 26.08 20.38 16.28601799.SH 152.00 3.30 4.01 5.52 6.91 46.13 37.92 27.56 21.99600660.SH 43.65 1.82 2.15 2.40 2.83 23.95 20.34 18.20 15.44603786.SH 64.64 1.11 1.62 2.13 2.76 58.00 40.00 30.32 23.46300258.SZ 10.62 0.51 0.56 0.70 0.87 20.68 18.82 15.25 12.18000338.SZ 16.42 0.56 1.01 1.28 1.54 29.21 16.20 12.86 10.63600114.SH 15.42 0.25 0.31 0.53 0.71 61.03 49.11 28.87 21.62603997.SH 13.50-1.22 0.20 0.47 0.88-11.06 68.08 28.50 15.38600699.SH 17.17 0.28 0.77 1.01 1.33 61.36 22.22 17.04 12.90605005.SH 15.95 0.47 0.60 0.74-33.59 26.43 21.54-603035.SH 16.30 1.35 1.53 1.94 2.43 12.11 10.65 8.41 6.70300969.SZ 83.45 1.82 2.59 3.41 4.42 45.87 32.19 24.45 18.89603348.SH 29.72 0.90 0.38 1.52 2.24 33.03 79.04 19.60 13.27605128.SH 50.77 0.57 1.29 2.62 3.74 88.79 39.48 19.39 13.58002765.SZ 5.22 0.28 0.14 0.28 0.36 18.45 38.36 18.96 14.62002101.SZ 13.58 0.70 0.64 0.83 0.95 19.39 21.36 16.35 14.32688326.SH 77.59 1.96-1.82 2.05 3.50 39.69-42.55 37.86 22.16300680.SZ 17.23 0.33 0.66 1.06 1.45 52.67 26.19 16.28 11.86 EPS PE 22 Tabl e_Disclai mer 12 A 300 500 15%5%15%-5%+5%-5%5%-5%+5%-5%HeadertTabl e_Discl ai mer HeadertTabl e_Address 318 26 021-63325888 021-63326786 Tabl e_Disclai mer

注意事项

本文（20240324_东方证券_汽车与零部件行业央国企改革专题研究：汽车央国企改革有望推动企业价值重塑_23页.pdf）为本站会员（18709673099）主动上传，报告吧仅提供信息存储空间，仅对用户上传内容的表现方式做保护处理，对上载内容本身不做任何修改或编辑。若此文所含内容侵犯了您的版权或隐私，请立即通知报告吧（点击联系客服），我们立即给予删除！

温馨提示：如果因为网速或其他原因下载失败请重新下载，重复下载不扣分。

账号：
密码：
验证码：	换一换
当日自动登录忘记密码？