合肥高科（920718）：合肥高科(430718)：冰箱铰链龙头扩产增储能 商用设备突破,2025Q1营收同比增21pct-北交所信息更新250517

<p style="text-indent:28px"><span style="font-size: 14px;"><span style="">2025Q1 </span><span style="">营收 </span><span style="">3.25 </span><span style="">亿元（</span><span style="">+21.37%</span><span style="">），归母净利润 </span><span style="">1788.34 </span><span style="">万元（</span><span style="">-12.18%</span><span style="">）</span><span style="">2025 </span><span style="">年一季度公司实现营业收入 </span><span style="">3.25 </span><span style="">亿元，同比增长 </span><span style="">21.37%</span><span style="">；归母净利润</span><span style="">1788.34 </span><span style="">万元，同比减少 </span><span style="">12.18%</span><span style="">；扣非归母净利润 </span><span style="">1699.71 </span><span style="">万元，同比减少 </span><span style="">13.60%</span><span style="">。</span><span style="">2025 </span><span style="">年家电“以旧换新”政策延续，我们维持 </span><span style="">2025-2026 </span><span style="">年盈利预测，新增 </span><span style="">2027</span><span style="">年盈利预测，预计 </span><span style="">2024-2026 </span><span style="">年归母净利润分别为 </span><span style="">0.81/0.94/1.12 </span><span style="">亿元。</span><span style="">EPS </span><span style="">分别为 </span><span style="">0.89/1.04/1.23 </span><span style="">元，当前股价对应 </span><span style="">P/E </span><span style="">分别为 </span><span style="">20.2/17.3/14.6 </span><span style="">倍，我们看好 </span><span style="">2025</span><span style="">年家电“以旧换新”政策延续，公司新项目实现量产带来业绩增长，维持“增持”评级。</span></span></p><p><br/></p>