20240527_东方证券_国防军工行业：23年业绩有所分化24Q1业绩短期承压看好后续需求回暖_22页.pdf-资源下载-

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20240527_东方证券_国防军工行业：23年业绩有所分化24Q1业绩短期承压看好后续需求回暖_22页.pdf

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20240527_东方证券_国防军工行业：23年业绩有所分化24Q1业绩短期承压看好后续需求回暖_22页.pdf

|2023 2024 128 112 23 24Q1 1 23 4.06%14.61%2 24Q1 3.85%23.49%3 23 23 1 23 22 24Q1 2 23 23 1 23()2 23 3 23 23 24Q1(300114)(600760)(000768)(600893)(600038)(600316)(002179)(002025)(688439)(000733)(600372)(688122)(600399)(300034)(600765)(605123)(300855)(002985)(300699)(600862)(000738)(600391)(300101)(300762)(688375)(002465)(600879)(300455)(002025)(688385)(002049)(002446)(001270)(688270)(000801)(300900)(600990)(600562)(002111)(688070)(603308)(000768)(600760)(600038)(600765)(600862)/2024 05 27 021-63325888*6126 S0860510120021 021-63325888*4036 S0860518100001 021-63325888*2900 S0860520070002 2024-05-13 2024Q1 2024-04-29 2024-03-13 23 24Q1 23&24Q1 23 24Q1 2 1 23 24Q1 5 1.1 23 24Q1.7 1.2 23.10 1.3 23 18.12 2 23.13 3 23.15.16.17 128.17 0YEVvMmRtQpOpRsRrMpQrQ7N8Q6MmOpPsQmQeRrRsPfQmOyQ7NmMxPNZnOsRxNmNrQ 23 24Q1 3 1 128.5 2 2018A2024Q1.6 3 2018A2024Q1.6 4 2018A2024Q1.6 5 2018A2024Q1.6 6 2017A2023A.7 7 2017A2023A.7 8.7 9.7 10.8 11.8 12.9 13.9 14.9 15.9 16.10 17.10 18.10 19.10 20.11 21.11 22.11 23.11 24.11 25.11 26.12 27.12 28.12 29.12 30.13 31.13 32.13 33 Q1.13 34/.14 23 24Q1 4 35/Q1.14 36/.14 37/.14 38/Q1.14 39/Q1.14 40().15 41()Q1.15 42.15 43.15 44.16 45.16 1 128 23A&24Q1.17 2uk7kvGE0vI15ywUC/52TJKvZxvDHl7CnYBIQwX/6MN4ZBvBNkmsEg7nTsORGMds 23 24Q1 5 2023 2024 128 128 a)b)c)1 128 1 23 24Q1 128 2023 5134 7.76%338.64 13.45%2024Q1 990.28 0.53%60.38 23.06%23 24Q1 6 2 2018A2024Q1 3 2018A2024Q1 Wind Wind 1 2 3 2019*ST ST 4 20Q1 33.90 5 20 21 112 22A 23A 24Q1 11.17%4.06%-3.85%12.40%7.76%0.53%11.25%-14.61%-23.49%3.78%-13.45%-23.06%4 2018A2024Q1 5 2018A2024Q1 Wind Wind 2023 2024Q1 0%2%4%6%8%10%12%14%16%0100020003000400050006000-30%-20%-10%0%10%20%30%40%50%60%70%80%050100150200250300350400450-9.00%-4.00%1.00%6.00%11.00%16.00%0500100015002000250030003500400045005000-30%-20%-10%0%10%20%30%40%050100150200250300350400450 23 24Q1 7 6 2017A2023A 7 2017A2023A Wind Wind 1.1 23 24Q1 23 6.96%-1.77%6.67%6.96%6.67%233.30+20%437.34+18%451.03+18%462.48+11%403.01+7%23-5.04%-43.78%16.04%23 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Q1-20%-10%0%10%20%30%2018A 2019A 2020A 2021A 2022A 2023A-100%-50%0%50%100%2018A 2019A 2020A 2021A 2022A 2023A 23 24Q1 14 Wind Wind 23 23-107.48 23 89.65%136.83 Q1 34/35/Q1 Wind Wind 36/37/Wind Wind 38/Q1 39/Q1 40%60%80%100%120%140%2018A 2019A 2020A 2021A 2022A 2023A 40%50%60%70%80%90%100%110%2018Q12019Q12020Q12021Q12022Q12023Q12024Q1-150-100-500501001502002502018A 2019A 2020A 2021A 2022A 2023A-300-250-200-150-100-500502018Q12019Q12020Q12021Q12022Q12023Q12024Q1 406 490 537 750 812 899 736 885 963 1154 1114 1359 1417 1659 1740 2300 2337 2215 050010001500200025002018A 2019A 2020A 2021A 2022A 2023A 390 432 480 626 740 762 677 793 836 1035 1073 1305 1365 1563 1570 2094 2149 2322 050010001500200025002018A 2019A 2020A 2021A 2022A 2023A 23 24Q1 15 Wind Wind 3 23 23()23 21 23()()()40()41()Q1 Wind Wind&23 42 43 72 84 75 117 145 170 174 108 130 134 191 168 191 221 198 232 186 288 173 412 275 0501001502002503003504004502018Q12019Q12020Q12021Q12022Q12023Q12024Q1 85 99 96 150 178 190 192 142 161 166 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26%0.78-36%0.07-74%10.37-5%1.34-29%2.77-14%0.33-48%11.91-44%-1.33-274%0.31-49%-0.65-9%2.55-36%-2.92-94%0.30-26%-0.77-67%ST 1.96-29%-0.23-4872%0.53 20%0.00 101%42.83-31%0.56-27%8.83-13%0.04-94%11.28-14%1.87-5%2.84-10%0.94 50%13.18-3%-4.43 53%2.38-21%-0.31-289%24.15-4%0.68-87%4.68 6%0.08-87%35.59 34%4.96 58%10.07 27%1.29 58%40.82 7%1.61 11%2.80-72%-0.46-329%161.46 26%0.48-93%28.07 48%0.15 158%备注：加粗为剔除标的。数据来源：Wind，东方证券研究所 23 24Q1 21 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

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