2024年科创板年报业绩快报点评：收入端优于利润端 AI硬件和部分中高端制造业盈利率先修复

招商证券股份有...03-09

截至3 月7 日，科创板约580 家上市公司披露了2024 年年报业绩报告/快报，披露率约99%。科创板整体盈利仍然承压，收入端优于利润端，大市值企业表现较优。业绩超预期以及拐点的细分领域，主要集中在：AI 硬件（电子化学品Ⅱ、半导体、其他电子Ⅱ、通信设备）、部分中高端装备（电网设备、风电设备、专用设备、航天/航空装备Ⅱ、高值耗材）、部分医药（化学制药、生物制品），以及金属新材料等。后续随着政策...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2518247298?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2025-03-09 13:00","share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","id":"2518247298","market":"sh","top_or_hot":-1,"title":"2024年科创板年报业绩快报点评：收入端优于利润端 AI硬件和部分中高端制造业盈利率先修复","media":"招商证券股份有...","content":"<div>\n<p>截至3 月7 日，科创板约580 家上市公司披露了2024 年年报业绩报告/快报，披露率约99%。科创板整体盈利仍然承压，收入端优于利润端，大市值企业表现较优。业绩超预期以及拐点的细分领域，主要集中在：AI 硬件（电子化学品Ⅱ、半导体、其他电子Ⅱ、通信设备）、部分中高端装备（电网设备、风电设备、专用设备、航天/航空装备Ⅱ、高值耗材）、部分医药（化学制药、生物制品），以及金属新材料等。后续随着政策...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2025030913005698a13b05&s=b\">网页链接</a>\n\n</div>\n","source":"tencent","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2024年科创板年报业绩快报点评：收入端优于利润端 AI硬件和部分中高端制造业盈利率先修复</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2024年科创板年报业绩快报点评：收入端优于利润端 AI硬件和部分中高端制造业盈利率先修复\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-03-09 13:00 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2025030913005698a13b05&s=b><strong>招商证券股份有...</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>截至3 月7 日，科创板约580 家上市公司披露了2024 年年报业绩报告/快报，披露率约99%。科创板整体盈利仍然承压，收入端优于利润端，大市值企业表现较优。业绩超预期以及拐点的细分领域，主要集中在：AI 硬件（电子化学品Ⅱ、半导体、其他电子Ⅱ、通信设备）、部分中高端装备（电网设备、风电设备、专用设备、航天/航空装备Ⅱ、高值耗材）、部分医药（化学制药、生物制品），以及金属新材料等。后续随着政策...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2025030913005698a13b05&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"688469","symbol_name":"芯联集成","start_time":0,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2025030913005698a13b05&s=b","article_id":"2518247298","we_media_id":null,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2025030913005698a13b05&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2518247298","pubTimestamp":1741496448,"columns":[],"sourceInfo":{"source_id":"tencent","name":"腾讯"},"weMediaInfo":null,"summary":"截至3 月7 日，科创板约580 家上市公司披露了2024 年年报业绩报告/快报，披露率约99%。科创板整体盈利仍然承压，收入端优于利润端，大市值企业表现较优。科创板整体业绩仍然承压：根据目前披露的个股，采用一致可比口径计算，2024年科创板整体营业收入增速-0.9%，增速小幅转负；营业利润累计增速-36.1%，降幅扩大；归母净利润同比降幅进一步扩大至-40.5%。","collect":0,"end_time":0,"defaultTopTitle":"qq.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"159982":"中证500","161037":"高端制造","600067":"冠城新材","600105":"永鼎股份","600206":"有研新材","600268":"国电南自","600312":"平高电气","600345":"长江通信","600355":"精伦电子","600379":"宝光股份","600406":"国电南瑞","600462":"*ST九有","600468":"百利电气","600522":"中天科技","600525":"长园集团","600550":"保变电气","600577":"精达股份","600734":"实达集团","600761":"安徽合力","600775":"南京熊猫","600776":"东方通信","600815":"厦工股份","600877":"电科芯片","600885":"宏发股份","600973":"宝胜股份","600984":"建设机械","601100":"恒立液压","601126":"四方股份","601179":"中国西电","601567":"三星医疗","601616":"广电电气","601700":"风范股份","601869":"长飞光纤","601877":"正泰电器","603016":"新宏泰","603042":"华脉科技","603050":"科林电气","603061":"金海通","603068":"博通集成","603236":"移远通信","603273":"天元智能","603280":"南方路机","603298":"杭叉集团","603312":"西典新能","603333":"尚纬股份","603338":"浙江鼎力","603375":"盛景微","603421":"鼎信通讯","603530":"神马电力","603556":"海兴电力","603577":"汇金通","603606":"东方电缆","603611":"诺力股份","603618":"杭电股份","603638":"艾迪精密","603690":"至纯科技","603861":"白云电器","605066":"天正电气","605111":"新洁能","605196":"华通线缆","605305":"中际联合","605358":"立昂微","605389":"长龄液压","688008":"澜起科技","688012":"中微公司","688037":"芯源微","688041":"海光信息","688045":"必易微","688047":"龙芯中科","688049":"炬芯科技","688052":"纳芯微","688061":"灿瑞科技","688072":"拓荆科技","688080":"映翰通","688082":"盛美上海","688099":"晶晨股份","688100":"威胜信息","688120":"华海清科","688123":"聚辰股份","688126":"沪硅产业","688130":"晶华微","688135":"利扬芯片","688138":"清溢光电","688141":"杰华特","688143":"长盈通","688146":"中船特气","688153":"唯捷创芯","688159":"有方科技","688167":"炬光科技","688172":"燕东微","688173":"希荻微","688191":"智洋创新","688200":"华峰测控","688205":"德科立","688213":"思特威","688216":"气派科技","688220":"翱捷科技","688226":"威腾电气","688230":"芯导科技","688233":"神工股份","688234":"天岳先进","688249":"晶合集成","688252":"天德钰","688256":"寒武纪","688259":"创耀科技","688262":"国芯科技","688270":"臻镭科技","688279":"峰岹科技","688283":"坤恒顺维","688286":"敏芯股份","688313":"仕佳光子","688330":"宏力达","688332":"中科蓝讯","688347":"华虹公司","688352":"颀中科技","688361":"中科飞测","688362":"甬矽电子","688368":"晶丰明源","688372":"伟测科技","688380":"中微半导","688381":"帝奥微","688385":"复旦微电","688387":"信科移动","688391":"钜泉科技","688403":"汇成股份","688409":"富创精密","688418":"震有科技","688419":"耐科装备","688425":"铁建重工","688432":"有研硅","688449":"联芸科技","688458":"美芯晟","688469":"芯联集成","688484":"南芯科技","688486":"龙迅股份","688498":"源杰科技","688508":"芯朋微","688512":"慧智微","688515":"裕太微","688517":"金冠电气","688521":"芯原股份","688525":"佰维存储","688530":"欧莱新材","688536":"思瑞浦","688582":"芯动联科","688584":"上海合晶","688589":"力合微","688591":"泰凌微","688593":"新相微","688597":"煜邦电力","688601":"力芯微","688605":"先锋精科","688608":"恒玄科技","688611":"杭州柯林","688616":"西力科技","688618":"三旺通信","688652":"京仪装备","688653":"康希通信","688663":"新风光","688668":"鼎通科技","688676":"金盘科技","688681":"科汇股份","688691":"灿芯股份","688693":"锴威特","688699":"明微电子","688702":"盛科通信","688709":"成都华微","688711":"宏微科技","688720":"艾森股份","688721":"龙图光罩","688766":"普冉股份","688798":"艾为电子","688981":"中芯国际","BK0188":"融资融券","BK0028":"国家队","BK0070":"员工持股","BK0273":"房地产","BK0095":"互联网金融","BK0157":"深圳前海新区"},"translate_title":"Comments on the 2024 Science and Technology Innovation Board Annual Report Performance Express: The revenue side is better than the profit side, AI hardware and some mid-to-high-end manufacturing industries take the lead in recovering profits","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"159982":1,"161037":1,"600067":0.9,"600105":0.9,"600206":0.9,"600268":0.9,"600312":0.9,"600345":0.9,"600355":0.9,"600379":0.9,"600406":0.9,"600462":0.9,"600468":0.9,"600522":0.9,"600525":0.9,"600550":0.9,"600577":0.9,"600734":0.9,"600761":0.9,"600775":0.9,"600776":0.9,"600815":0.9,"600877":0.9,"600885":0.9,"600973":0.9,"600984":0.9,"601100":0.9,"601126":0.9,"601179":0.9,"601567":0.9,"601616":0.9,"601700":0.9,"601869":0.9,"601877":0.9,"603016":0.9,"603042":0.9,"603050":0.9,"603061":0.9,"603068":0.9,"603236":0.9,"603273":0.9,"603280":0.9,"603298":0.9,"603312":0.9,"603333":0.9,"603338":0.9,"603375":0.9,"603421":0.9,"603530":0.9,"603556":0.9,"603577":0.9,"603606":0.9,"603611":0.9,"603618":0.9,"603638":0.9,"603690":0.9,"603861":0.9,"605066":0.9,"605111":0.9,"605196":0.9,"605305":0.9,"605358":0.9,"605389":0.9,"688008":0.9,"688012":0.9,"688037":0.9,"688041":0.9,"688045":0.9,"688047":0.9,"688049":0.9,"688052":0.9,"688061":0.9,"688072":0.9,"688080":0.9,"688082":0.9,"688099":0.9,"688100":0.9,"688120":0.9,"688123":0.9,"688126":0.9,"688130":0.9,"688135":0.9,"688138":0.9,"688141":0.9,"688143":0.9,"688146":0.9,"688153":0.9,"688159":0.9,"688167":0.9,"688172":0.9,"688173":0.9,"688191":0.9,"688200":0.9,"688205":0.9,"688213":0.9,"688216":0.9,"688220":0.9,"688226":0.9,"688230":0.9,"688233":0.9,"688234":0.9,"688249":0.9,"688252":0.9,"688256":0.9,"688259":0.9,"688262":0.9,"688270":0.9,"688279":0.9,"688283":0.9,"688286":0.9,"688313":0.9,"688330":0.9,"688332":0.9,"688347":0.9,"688352":0.9,"688361":0.9,"688362":0.9,"688368":0.9,"688372":0.9,"688380":0.9,"688381":0.9,"688385":0.9,"688387":0.9,"688391":0.9,"688403":0.9,"688409":0.9,"688418":0.9,"688419":0.9,"688425":0.9,"688432":0.9,"688449":0.9,"688458":0.9,"688469":0.9,"688484":0.9,"688486":0.9,"688498":0.9,"688508":0.9,"688512":0.9,"688515":0.9,"688517":0.9,"688521":0.9,"688525":0.9,"688530":0.9,"688536":0.9,"688582":0.9,"688584":0.9,"688589":0.9,"688591":0.9,"688593":0.9,"688597":0.9,"688601":0.9,"688605":0.9,"688608":0.9,"688611":0.9,"688616":0.9,"688618":0.9,"688652":0.9,"688653":0.9,"688663":0.9,"688668":0.9,"688676":0.9,"688681":0.9,"688691":0.9,"688693":0.9,"688699":0.9,"688702":0.9,"688709":0.9,"688711":0.9,"688720":0.9,"688721":0.9,"688766":0.9,"688798":0.9,"688981":0.9},"content_text":"截至3 月7 日，科创板约580 家上市公司披露了2024 年年报业绩报告/快报，披露率约99%。科创板整体盈利仍然承压，收入端优于利润端，大市值企业表现较优。业绩超预期以及拐点的细分领域，主要集中在：AI 硬件（电子化学品Ⅱ、半导体、其他电子Ⅱ、通信设备）、部分中高端装备（电网设备、风电设备、专用设备、航天/航空装备Ⅱ、高值耗材）、部分医药（化学制药、生物制品），以及金属新材料等。后续随着政策支持的加码、技术创新持续、前期高投入研发成果逐渐进入商业化阶段，科创板业绩有望低位修复。关注2025 年有望延续较高业绩增速和低位反转的细分领域，如教育、软件开发、半导体、军工电子、工程机械、装修建材、电网设备等。截至3 月7 日，585 家上市科创板企业中有580 家披露了2024 年年报业绩报告/快报，披露率约99%，基本与往年持平。科创板整体业绩仍然承压：根据目前披露的个股，采用一致可比口径计算，2024年科创板整体营业收入增速-0.9%，增速小幅转负；营业利润累计增速-36.1%，降幅扩大；归母净利润同比降幅进一步扩大至-40.5%。结构方面，收入端增速普遍优于利润端：65.8%的科创板企业营业收入正增长，46.5%的科创板企业归母净利润增速实现正增长。大市值企业盈利相对较好，大市值（500 亿以上）企业中营业收入增速超过20%的约有43.8%，归母净利润增速超过20%的约有33.3%；小市值（50 亿以下）企业中仅26.9%的企业营业收入增速超过20%，23.2%的归母净利润增速超过20%。业绩增速中位数：一级行业中，通信、家用电器、基础化工、电子等行业归母净利润增速中位数较高；单四季度，样本测算结果显示家用电器、通信、电子等单季度归母净利润增速中位数较高。二级行业中，摩托车及零部件、小家电、地面兵装、航天装备、通信设备、光学光电子、电网设备、黑色家电、风电设备等归母净利润累计增速中位数较高；单四季度，黑色家电、航天装备、航空装备、电子化学品、风电设备、工程机械等净利增速中位数较高。业绩超预期情况：一级行业中通信、家电、计算机、电子、基础化工等板块归母净利润超预期个股占比相对较高；二级行业中医疗服务、通信设备、生物制品、软件开发、半导体、通用设备等行业归母净利润超预期个股占比相对较高。参考过去几年，年报业绩预告增速较高的行业，在次年全年的表现大概率占优，建议关注业绩超预期以及拐点的细分领域，主要集中在：AI 硬件（电子化学品Ⅱ、半导体、其他电子Ⅱ、通信设备）、部分中高端装备（电网设备、风电设备、专用设备、工程机械、航天/航空装备Ⅱ、高值耗材）、部分医药（化学制药、生物制品），以及金属新材料等。业绩预期方面，大类板块中2025 年预期增速较高的板块主要有中游制造、金融地产等。过去一个月，对于传媒、美容护理、纺织服饰、机械设备、交通运输、基础化工等2025 年盈利预期有所上调。展望后续， 政策对于国产替代、数字经济以及高新技术制造支持力度持续加码，AI、智能制造、自动驾驶等技术创新涌现，随着前期高投入研发成果逐渐进入商业化阶段，科创板业绩有望低位修复。对比2025年与2024 年的盈利预期情况，重点推荐关注：1）有望延续较高业绩增速的软件开发、教育、半导体、通信设备、商用车、计算机设备、工程机械等；2）业绩有望低位反转的装修装饰、装修建材、军工电子、光伏设备、电网设备、医疗服务等。风险提示：产业扶持力度不及预期，宏观经济波动。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"CCBot/2.0 (https://commoncrawl.org/faq/)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.33.2","shortVersion":"4.33.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2518247298"}