1、!#$%&()*+,-.*/01234 Table_Title!#$%&()*+,-./01234 Table_StockNameRptType!#!#$688627%!#$/!%&!#$%!#$%&()*+()*+!#$%2024-01-29 56789:59.11;12?/89:112.80/57.32 ABC8DEB:9,401 FGBC8DEB:2,128 FGBHI8%:22.64 AJK8L9:54.07 FGJK8L9:12.24 !()*%!()*%300+,-.+,-./012/012345345&()*%S0010523060001+,% ,-./%,-./%l 6789:
2、;?ABCDEF6789:;?ABCDEFGGHIJKLMNOPQRSHIJKLMNOPQRSTUVTUV!W 2011 XYZG?A_BCab#cG2015Xd!ef OLED Cg9:G hijkNOl?AmnoBCpqrstuvwuxyczLMG|)xGG%GTCL ZG“2019 Xl”!?LMef Micro LED BC9:LM|G HIJKLMNO)UniTest#cIJKabG MEMS GYD-pGm9:pGNO DRAM Cg l!9:GpIJK!9:GpIJKFabless/CC/IDM!?LMm Cell Vp Module VmnoBCmG BCabG)xu)xuTC
3、L9u9uuuxu%Zmuuxu%Zm“IJKLM!)UniTest O DRAM vwCgabm#cp DRAM vwstabmwzGZOMEMS uDRAM FT Cg#cGc-c-9uu9uYuuh9uu9uYuuh l!Y?Ap!Y?Ap!?A#h$%G&?ALM()?A#h$%G&?ALM()*-j+,abw-,.G/ab0*12K30*-j+,abw-,.G/ab0*12K30 m m60%-80%456?ABCab789 2021Xm 34:;G+,l 2024 Xm 46:;!9:b)-AMOLEDuMicro LED?/A TFT-LCD m9:BpChcO-,DEFG!?p
4、IJKLMH9:DbIGGIJKLMG2KJKLMNIJKh 2023 XmO2G2024 XGCgabuPabLM45/QR 7.9%p16.4%CgSIJKCgTUmabVG!W!W#XYZ#XYZDRAMACgDHG Cg9:&GACgDHG Cg9:&GwwG8G8100-300_abGMN6_abGMN6DRAMmmIDMcdumeGfcdumeGfCgCgababmJgmJgppMEMSmhmh l 0 i0 i jk45!2023-2025Xmlhmg/QD6.52:/9.12:/12.33:;nopqr/QD 0.99:/1.58:/2.03:;G s EPS D 1.06;/
5、1.68;/2.16;t PE/QD 54/34/26 uvwxy“zg”|-25%-5%15%35%!#$%#$$!#$%&Table_CompanyRptType1 678678688627 !#$%&()*+,-.*2/27/01234 l S+?S+?e4G4Ge4 Table_Profit l-i-i :_;_;-./012-./012 2022A 2023E 2024E 2025E MN5O 505 652 912 1233 5OPH8%:10.1%29.3%39.9%35.2%QRSTUVWX 66 99 158 203 VWXPH8%:-2.5%50.1%58.7%28
6、.7%YWZ8%:36.8%37.8%38.8%39.6%ROE8%:11.0%5.8%8.5%9.8%B589:0.94 1.06 1.68 2.16 P/E 0.00 54.43 34.31 26.65 P/B 0.00 3.18 2.91 2.62 EV/EBITDA 0.00 34.86 24.91 18.41 _awindbcd/012e eWwVyWjVmVfZuZ9PaObRnPnNnPrNfQrRoPiNtQnM7NmMyRvPnRtNMYmPzQTable_CompanyRptType1 678678688627 !#$%&()*+,-.*3/27 /01234!#$!#$1