【中航证券】赛微电子（300456）-赛微电子（300456.SZ）首次覆盖：MEMS-OCS卡位算力革命，并购强化设计能力-250821（5页）.pdf

1、 1 资料来源：ifind，中航证券研究所 资产负债表资产负债表利润表利润表会计年度会计年度20232023202420242025E2025E2026E2026E2027E2027E会计年度会计年度20232023202420242025E2025E2026E2026E2027E2027E货币资金947.65616.222114.542184.712021.72营业收入1299.681204.72915.94633.90736.61应收票据及账款571.70512.24376.41251.82292.62营业成本919.97781.79596.04419.66483.04预付账款43.714

2、2.5630.1119.1022.20税金及附加5.636.105.293.664.26其他应收款179.41117.6095.3665.9980.72销售费用18.7929.3020.1512.6816.94存货481.44464.49326.60224.20258.06管理费用120.85148.28109.9179.2492.08其他流动资产139.42129.70117.1186.13101.14研发费用356.66454.83348.06304.27309.37流动资产总计流动资产总计2363.321882.813060.122831.972776.47财务费用-10.21 12.0

3、128.2714.596.47长期股权投资454.63580.85630.85740.85865.85资产减值损失-6.91-26.68-21.98-13.95-14.73 固定资产2261.332296.962214.512158.702124.82信用减值损失17.19-44.37-27.48-31.69-29.46 在建工程754.18891.26842.72744.17595.63其他经营损益0.000.000.000.000.00无形资产202.27183.41145.08106.7568.42投资收益32.5813.3550.30110.40125.50长期待摊费用4.927.26

4、3.630.000.00公允价值变动损益0.000.000.000.000.00其他非流动资产1221.221168.791121.441081.441051.44资产处置收益0.282.031783.398.0010.00非流动资产合计非流动资产合计4898.565128.524958.234831.914706.16其他收益100.5828.9835.0045.0050.00资产总计资产总计7261.887011.348018.357663.887482.63营业利润31.71-254.28 1627.44-82.44-34.25 短期借款250.14109.850.000.000.00营

5、业外收入0.120.020.200.200.20应付票据及账款107.6287.9570.2251.7459.55营业外支出0.070.010.120.120.12其他流动负债400.99407.60280.10216.86247.90其他非经营损益0.000.000.000.000.00流动负债合计流动负债合计758.75605.40350.32268.60307.45利润总额31.75-254.26 1627.53-82.36-34.16 长期借款664.43721.49542.94368.90201.51所得税-40.30 0.99186.8816.3518.56其他非流动负债209.7

6、7295.28295.28295.28295.28净利润72.05-255.26 1440.65-98.71-52.72 非流动负债合计非流动负债合计874.201016.77838.22664.17496.79少数股东损益-31.56-85.26 504.23-39.48-18.45 负债合计负债合计1632.951622.171188.53932.77804.25归属母公司股东净利润 103.61-169.99 936.42-59.23-34.27 股本733.50732.21732.21732.21732.21EBITDA222.897.971978.75278.54343.06资本公积