图表内容
2:公司营收拆分及预测
2020A
2021A
2022E
2023E
2024E
汽车内饰(亿元)
53.03
52.70
56.22
62.63
71.53
YOY
-9.08%
-0.62%
6.69%
11.40%
14.21%
毛利率
8.50%
11.16%
11.50%
14.88%
16.20%
座椅总成(亿元)
42.78
54.99
61.57
74.16
89.79
YOY
-9.89%
28.54%
11.97%
20.45%
21.08%
毛利率
18.20%
14.87%
14.00%
16.08%
17.80%
其中:乘用车座椅(亿元)
2.70
15.98
YOY
491.85%
毛利率
18.00%
22.00%
头枕(亿元)
41.95
40.14
41.76
43.44
45.19
YOY
-11.97%
-4.31%
4.03%
4.03%
4.03%
毛利率
15.37%
15.17%
15.00%
15.50%
16.00%
座椅扶手(亿元)
16.04
16.17
16.82
17.50
18.20
YOY
-30.71%
0.81%
4.03%
4.03%
4.03%
毛利率
17.79%
16.83%
16.00%
16.50%
17.00%
其他业务(亿元)
3.54
4.32
4.40
4.60
4.80
YOY
8.96%
21.88%
1.85%
4.55%
4.35%
毛利率
33.05%
30.32%
32.95%
32.95%
32.95%
营业收入(亿元)
157.33
168.32
180.78
202.34
229.52
YOY
-12.60%
6.99%
14.90%
11.93%
13.43%
毛利率
15.58%
13.57%
14.10%
16.01%
17.20%
据来源:Wind、开源证券研究所