2021Äê3Ô£¬ä]£¨y¨²n£©ê»×ÊÔ´ÒÔÁìͶ·½Éí·Ý£¬Íê³É¶ÔÉîÛÚ·Éæø¿Æ¼¼ÓÐÏÞ¹«Ë¾µÄ×îÐÂÒ»ÂÖ¹ÉȨÈÚ×Ê£¬³ÉΪÆä³ýÖÎÀí²ãÒÔÍâµÄµÚÒ»´ó¹É¶«¡£±¾ÂÖ×ÜͶ×ʽð¶î´ïÊýÒÚÔª¡£
·Éæø¿Æ¼¼Ç°ÉíÊÇÉÏÊй«Ë¾¹úÃñÊÖÒÕ(300077,¹É°É)¹É·ÝÓÐÏÞ¹«Ë¾¡°ÉäƵ¹¦ÂÊ·Å´óÆ÷²úÆ·²¿¡±£¬¸Ã²¿·ÖÓÉÏÖÈζʳ¤Áú»ªÓÚ2010Äê×齨£¬¹«Ë¾½¹µãÖÎÀíÍŶӾù´Ó¹úÃñÊÖÒÕ×ÔÁ¦¶øÀ´£¬ÖÁ½ñÒÑÓÐ10ÄêÑз¢ºÍÊг¡»ýÀÛ¡£·Éæø¿Æ¼¼ÓÚ2015Äê´Ó¹úÃñÊÖÒÕ°þÀ룬³ÉΪһ¼ÒרעÉäÆÉÏ°¶Ë¡¢¹¦ÂÊ·Å´óÆ÷£¨Power Amplifier£¬PA£©Éè¼ÆÏ¢Õù¾ö¼Æ»®µÄоƬÉè¼Æ¹«Ë¾¡£
¾ÓÉÁ½ÄêµÄÈ«Á¦Ñз¢£¬·Éæø¿Æ¼¼2020Äê6ÔÂÕýʽÐû²¼Ò»Ì×ÍêÕûµÄ5GÉäÆÉÏ°¶Ë¼Æ»®£¬ÊµÏÖÁËÁ½¸öµÚÒ»£ºµÚÒ»Ì×ÍêÕûÖ§³ÖËùÓÐ5GƵ¶ÎµÄ¹ú²úÉäÆÉÏ°¶Ë½â¾ö¼Æ»®ºÍµÚÒ»Ì×½ÓÄɹú²ú¹¤ÒÕʵÏÖ5GÐÔÄܵÄÉäÆÉÏ°¶ËÄ£¿é¡£
·Éæø¿Æ¼¼¶Ê³¤¼æCEOÁú»ªÌåÏÖ£¬Í¨¹ý±¾ÂÖÈÚ×Ê£¬·Éæø»ñµÃÁ˳ä·ÖµÄ×ʽðÖ§³ÖÀ´ÌáÉý²úÆ·Ñз¢¡¢½»¸¶ÄÜÁ¦£¬Öª×ãÊг¡4G¼°5G¶©µ¥ÐèÇó£¬À©´óÊг¡Õ¼ÓÐÂÊ£¬·Éæø¿Æ¼¼Ê×ϯÔËÓª¹ù¼Î˧³Æ£¬±¾ÂÖÈÚ×Ê»¹½«½øÒ»²½ÓÃÓÚ²úÆ·Ñз¢¡¢È˲ÅÒý½øÒÔ¼°¹©Ó¦Á´½á¹¹£¬Íƶ¯¹«Ë¾Ò»Á¬ÔöÌí¡£
·Éæø¿Æ¼¼×÷Ϊ×ÅÃû¹ú²úÉäƵоƬ³§ÉÌ»ñµÃ×ÊÔ´ºñ°®£¬´ËÇ°£¬¸Ã¹«Ë¾ÒÑÍê³É¶àÂÖÈÚ×Ê£¬Í¶×Ê»ú¹¹°üÀ¨Öнð×ÊÔ´¡¢ÎÅÌ©¿Æ¼¼(600745,¹É°É)¡¢ÖÐо¾ÛÔ´¡¢ÔªºÌºñÍû¡¢ÉîÛÚ¸ßÐÂͶ¡¢Æôʾ¿Æ·þµÈ¡£
±¦ÔËÀ³×ÊÔ´ºã¾Ã¹Ø×¢5G¹¤ÒµÁ´£¬½á¹¹ÊÖ»úÉäÆÉÏ°¶Ë´óÈüµÀ£¬¿´ºÃ5Gʱ´ú¹ú²ú»¯Éú³¤Ö÷Òª»úÔµ¡£ÊÜÒæÓÚ5GÊÖ»úËùʹÓõÄPAÊýÄ¿ºÍ¼ÛÖµÏà½ÏÓÚ4GÊÖ»ú¾ùʵÏÖ·±¶ÔöÌí£¬5GÊÖ»úÉø͸ÂʵÄÌáÉýÍƶ¯PAÐÐÒµ¹æÄ£¼á³Ö¿ìËÙÔöÌí¡£¶øº£ÄÚ³§ÉÌ»ùÓÚ²úÄÜ¡¢¶¨¼Û¡¢Ð§À͵ÈÖî¶à·½ÃæµÄÓÅÊÆ£¬¹ú²ú»¯Ìæ»»Ç÷ÊÆÏÔ×Å¡£
±¦ÔËÀ³×ÊÔ´¶À¼ÒÁìͶ·Éæø¿Æ¼¼ÊýÒÚÔªÈÚ×Ê£¬³ÉÖÎÀí²ãÍâ×î´ó¹É¶«
±¦ÔËÀ³×ÊÔ´×ܲᢶÊÂ×Ü˾ÀíêÚ½ð·æ¶Ô¼ÇÕßÌåÏÖ£º¡°ÔÚ±¾´Î5GÉý¼¶ÒÔ¼°PAоƬ¹ú²ú»¯Ìæ»»µÄ´óÀ˳±ÖУ¬·Éæø¿Æ¼¼½«ÒÀ¸½Æä¼áʵµÄÊÖÒÕ»ýÀÛ¡¢ÎȽ¡µÄ¿Í»§¹Øϵ¡¢ÓÅÒìµÄ¹©Ó¦Á´Ä±»®¡¢ÑÏ¿áµÄϵͳ¹Ü¿ØµÈÓÅÊÆ£¬ÊµÏÖ±¼ÌÚʽÔöÌí¡£¡±
Ëû»¹Ö¸³ö£¬±¾´Î¶Ô·Éæø¿Æ¼¼µÄͶ×Ê£¬½øÒ»²½¸»ºñÁ˱¦ÔËÀ³×ÊÔ´°ëµ¼Ì幤ҵͶ×ʹú½ç£¬ÊDZ¦ÔËÀ³×ÊÔ´ÔÚ°ëµ¼Ì幤ҵͶ×ÊÉϵÄÓÖÒ»Ö÷ÒªÕ÷³Ì¡£
±¦ÔËÀ³×ÊÔ´ºã¾Ã¹Ø×¢°ëµ¼ÌåµÈ¸ß¿Æ¼¼Í¶×ÊÆ«Ïò£¬Ôø¼ÓÈëΤ¶û¹É·Ý(603501,¹É°É)/ºÀÍþ¿Æ¼¼¡¢ÎÅÌ©¿Æ¼¼/°²ÊÀ°ëµ¼Ìå¡¢À½Æð¿Æ¼¼(688008,¹É°É)µÈÏîÄ¿µÄͶ×Ê£¬²¢ÔÚÏûºÄµç×Ó¡¢Æû³µµç×Ó¡¢°²·À¡¢Í¨Ñ¶¡¢Ð§ÀÍÆ÷µÈÁìÓò¾ù¾ÙÐÐÁËÆ𾢽ṹ¡£
Ö麣±¦ÔËÀ³×ʲúÖÎÀíÓÐÏÞ¹«Ë¾¡¢Æä¿Ø¹É¹«Ë¾¼°£¯»ò¸ÃµÈ¿Ø¹É¹«Ë¾µÄÈκÎÁ¥Êô¹«Ë¾¼°/»òÆäµÚÈý·½Êý¾Ý¹©»õÉ̾ùÃãÁ¦È·±£ËùÌṩÐÅÏ¢µÄ׼ȷºÍ¿É¿¿¶È£¬µ«²»¿É°ü¹ÜÆä¾øÃé׼ȷºÍ¿É¿¿£¬ÇÒÒ಻»á¼ç¸ºÒòÈκνû¾øÈ·»òÒÅ©¶øÒýÆðµÄÈκÎËðʧ»òË𺦵ÄÔðÈΣ¨²»¹ÜÊÇ·ñÇÖȨ·¨ÏµÄÔðÈλòºÏÔ¼ÔðÈÎÓÖ»òÆäËûÔðÈΣ©¡£
Ò»¡¢Ê¹ÓÃÌõ¼þ
×óÓÒµÇÈë±¾ÍøÕ¾¼°ÆäÖÐËùÔØÃ÷»ò˵Ã÷µÄ²úÆ·¡¢Ð§ÀÍ¡¢Êý¾Ý¡¢¹¤¾ß¼°ÖÊÁÏ (ÒÔϳÆΪ¡¸±¾ÍøÕ¾¡¹)£¬¼´ÌåÏÖÈÏ¿É×óÓÒÃ÷È·²¢½ÓÊÜÒÔÏÂʹÓÃÌõ¼þ¡£
¶þ¡¢Ò»Ñùƽ³£Ìõ¿î
±¾ÍøÕ¾ÓÉÖ麣±¦ÔËÀ³×ʲúÖÎÀíÓÐÏÞ¹«Ë¾»òÆä¹ØÁª»ú¹¹ (ÒÔϳÆΪ¡°Ö麣±¦ÔËÀ³¡±) ÓµÓм°ÖÎÀí¡£Ö麣±¦ÔËÀ³ÎªRT CAPITAL INVESTMENT MANAGEMENT LIMITED³ÖÓеÄÈ«×ÊÁ¥Êô¹«Ë¾¡£ RT CAPITAL INVESTMENT MANAGEMENT LIMITED (ÖÐÑë±àºÅ BDR584) ΪÏã¸Û֤ȯ¼°ÆÚ»õÊÂÎñ¼à²ìίԱ»á·¢ÅÆ×¼Óè´ÓʵÚ9Àà (×ʲúÖÎÀí) Êܹæ¹ÜÔ˶¯µÄ³ÖÅÆ·¨ÍÅ¡£±¾ÍøÕ¾µÄÄÚÈݲ¢Î´¾Ö¤È¯¼°ÆÚ»õÊÂÎñ¼à²ìίԱ»á»òÏã¸ÛÈκÎî¿Ïµ»ú¹¹ÉóÔÄ¡£×óÓÒÒËÉóÉ÷ÐÐÊ£¬Èç¶Ô±¾ÍøÕ¾ÈκÎÄÚÈÝÓÐÒÉÎÊ£¬Ó¦×Éѯ×ÔÁ¦µÄרҵÒâ¼û¡£
¹ØÓÚ±¾ÍøÕ¾Ëù¿¯ÔصÄËùÓÐ×ÊÁÏ£¬Ö麣±¦ÔËÀ³±£´æÓÚÈκÎʱ¼ä±ä»»¡¢Ð޸ġ¢ÔöÌí»òÒƳý²¿·Ý¸ÃµÈÄÚÈÝÖ®ËùÓÐ×ÃÇéȨ£¬¶ø²¢²»ÏòÍøվʹÓÃÕß×÷ÁíÐÐ֪ͨ¡£ÈκζԸõÈÄÚÈÝÖ®±ä»»¡¢Ð޸ġ¢ÔöÌí»òɾ³ý£¬¾ùÒÔÓÚ±¾ÍøÕ¾Ðû²¼Ö®·½·¨Í¨Öª×óÓÒ£¬²¢×ÔÆäʱÉúЧ¡£×óÓÒÔ޳ɣ¬¾Í±¾Ìõ¶øÑÔ£¬ÒÔ´Ë·½·¨×÷³ö±ä»»Í¨ÖªÊô³ä·Ö֪ͨ¡£Èô×óÓÒÓÚÎÒÃÇÐû²¼¸ÃµÈÄÚÈÝÖ®±ä»»ºó½øÈë¼°£¯»òʹÓñ¾ÍøÕ¾£¬¼´×óÓÒ±»ÊÓ×÷Ô޳ɽÓÊܸõÈÒѱ任¡£Èô×óÓÒ²î±ðÒâÊܸõȱ任ԼÊø£¬Ôò×óÓÒÐëʵʱ×èÖ¹½øÈë¼°£¯»òʹÓñ¾ÍøÕ¾¡£Ö麣±¦ÔËÀ³±£´æ½~¶Ô×ÃÇéȨÒÔÊÚÓè»ò×÷·ÏÈκÎÈËʿʹÓñ¾Íøվ֮ȨÁ¦¡£
Èý¡¢×óÓÒÔ޳ɣº
(I)×ñÊØÖ麣±¦ÔËÀ³Ê±Ê±¿¯·¢¼°£¯»ò¿¯µÇÓÚ±¾ÍøÕ¾¹ØÓÚʹÓñ¾ÍøÕ¾Ö®ËùÓÐ֪ͨ¡¢Ö¸Òý¡¢¹æÔò¼°Ö¸Ê¾£¬°üÀ¨Èκθ½¼ÓÌõ¿î¼°Ï¸ÔòËùÔعæ¹ÜʹÓñ¾ÍøÕ¾Ìض¨²¿·ÝÖ®ËùÓÐÌض¨Ìõ¿î¼°Ï¸Ôò
(II)ʹÓñ¾Íøվʱ×ñÊØÒ»ÇÐÊÊÓÃÖ´·¨¼°¹æÔò£»
(III)²»Ã°ÈÏÈκÎÈËÊ¿»òʵÌå»ò×÷Ðéα³ÂÊö»òÆäËûʧʵ³ÂÊöÉù³ÆÓëÈκÎÈËÊ¿»òʵÌåÓйØÁª£»
(IV)²»ÒÔÈκη½·¨ÉÏÔØ»òÉ¢²¼Èκκ¬Óв¡¶¾Ö®µµ°¸¡¢ÊÜËðµµ°¸»òÈκοÉÄÜË𺦻òËð»µÁíÒ»ÅÌËã»ú»òÊÖÌá×°ÖÃÔË×÷Ö®ÆäËûÀàËÆÈí¼þ¡¢³ÌÐò¡¢ºê»òµµ°¸£»
(V)²»¾±¾ÍøÕ¾Ðû²¼¡¢Íƹã»ò´«ËÍÈκÎÎ¥·¨¡¢×ÌÈÅ¡¢Àë¼ä¡¢Óк¦¡¢µÍËס¢ÒùÙô»òÆäËûÁîÈË·´¸ÐÖ®Êý¾Ý£¬ÆñÂÛÆäÊôÈκÎÖÖÀà»òÐÔ×Ó¡£
ËÄ¡¢µÇÈëÍøÕ¾
Èô±¾ÍøÕ¾ÔÚÈκÎ˾·¨Í³ÁìÇøÏòÈκÎÈËÊ¿Ðû²¼¼°£¯»òÌṩÊDZ»Õ¥È¡µÄ(ÓÉÓÚ¸ÃÈËÊ¿µÄ¾Ó¼®¡¢ÆÜÉíµØ¡¢¹ú¼®»òÆäËûÔµ¹ÊÔÓÉ)£¬Ôò¸ÃÈËÊ¿²»¿ÉµÇÈë±¾ÍøÕ¾¡£ÉÏÊö±»Õ¥È¡µÄÈËÊ¿»ò·ÇÉÏÎÄÖ¸¶¨µÄÈËÊ¿¾ù²»µÃµÇÈë±¾ÍøÕ¾¡£×óÓÒÓÐÔðÈÎ֪Ϥ¼°×ñÊØÈκÎÏà¹Ø˾·¨Í³ÁìÇøµÄËùÓÐÊÊÓÃÖ´·¨¼°»®¶¨¡£
Îå¡¢²»×é³ÉÒªÔ¼
±¾ÍøÕ¾ËùÔØÊý¾Ý²¢²»×é³ÉÖ´ÐÐÈκÎͶ×Ê»ò½«Í¶×ʱäÏÖ»ò¾ÙÐÐÈκÎÆäËûÉúÒâµÄÒªÔ¼»ò½¨Òé¡£¸Ã×ÊÁϲ»Ó¦×÷ΪÈκÎͶ×ʾöÒé»òÆäËû¾öÒéµÄÒÀ¾Ý¡£ÈκÎͶ×ʾöÒéÓ¦µ±Æ¾Ö¤Êʵ±µÄ²¢ÇÒÅäºÏͶ×ÊÕßÐèÒªµÄרҵÒâ¼û×÷³ö¡£
Áù¡¢Í¶×ÊÌåÏÖ
Ͷ×ÊÉ漰Σº¦¡£Í¶×ʵļÛÖµ¼°Ëù±¬·¢µÄÊÕÈë¿ÉÉýÒà¿Éµø£¬Í¶×ÊÕßÔÚ³öÊÛͶ×ʺóδ±ØÄÜÈ¡»ØÆäÈ«ÊýͶ×ʶ²¢Ó¦Îª¿ÉÄÜÔâÊÜͨÅÌͶ×ÊËðʧ×öºÃ×¼±¸¡£²»¿É°ü¹ÜÈκÎͶ×ʲúÆ·µÄͶ×ÊÄ¿µÄÒ»¶¨ÄÜʵÏÖ£¬Òಢδ¾ÍͶ×ʲúÆ·µÄÌåÏÖ»òͶ×ʻر¨×÷³öÈκγÂÊö»òÔÊÐí¡£¹ýÍùµÄÌåÏÖ²¢·ÇδÀ´ÌåÏÖµÄÖ¸±ê¡£»ãÂʵı任¿ÉÄܶÔͶ×ʼÛÖµÔì³Éµ¹Ô˵ÄÓ°Ï졣Ͷ×ʻر¨¿ÉÄÜÒÔÍâ±ÒÅÌËã²¢¿ÉÄÜÊܵ½Ïà¹ØÍâ±ÒµÄ»ãÂʲ¨¶¯Ó°Ïì¡£ÓйؽøÒ»²½µÄÏêÇ飬ÓÈÆäÊÇΣº¦ÒòËØ£¬Çë²ÎÔÄͶ×ÊÏà¹ØÎļþ¼°ÐÅÏ¢¡£×óÓÒÒËÉóÉ÷ÐÐÊ£¬²¢Ó¦×Éѯ×ÔÁ¦µÄרҵÒâ¼û¡£
Æß¡¢²»×÷³ö°ü¹Ü
Ö麣±¦ÔËÀ³ÔÚ±¾ÍøÕ¾ÌṩµÄÊý¾Ý¼°Òâ¼û½öΪһÑùƽ³£²Î¿¼¶øÉ裬²¢²»×é³É¹ã¸æ¡£Ö麣±¦ÔËÀ³¼°ÆäÊý¾ÝÌṩÕß½«¾¡Ò»ÇÐÆð¾¢È·±£±¾ÍøÕ¾µÄÊý¾ÝÓÚÄÉÈë֮ʱ¾ùÊô׼ȷ¼°ÍêÕû¡£Ö麣±¦ÔËÀ³ËäÈ»±¾×ųÏÐÅÒÔΪÆä´ÓÊý¾ÝÌṩÕß¼°ÆäËûȪԴËùÈ¡µÃµÄÊý¾Ý¾ùÊô¿É¿¿£¬µ«¸Å²»¾Í¸ÃµÈ×ÊÁÏÊÇ·ñ׼ȷ¡¢×îлòÖÜÈ«×÷³öÈκÎÕÑʾ»òÒþº¬µÄ°ü¹Ü¡£±ðµÄ£¬ÔÚ±¾ÍøÕ¾Ëù±í´ïµÄ¿´·¨»òÒâ¼û¿ÉÓèÒÔ¸ü¸Ä¶øÎÞÐë֪ͨ¡£Ö麣±¦ÔËÀ³×ʲúÖÎÀíÓÐÏÞ¹«Ë¾²¢²»°ü¹Ü±¾ÍøÕ¾µÄÊý¾Ý²»»áÒò·¢ÍâÐÐÒÕ¹ÊÕÏ (ÖÐÖ¹¡¢µÚÈý·½×ÌÈÅ¡¢ÅÌËã»ú²¡¶¾µÈ) ¶ø¸ü¸Ä¡£
°Ë¡¢·ÇÒÀÀµ¼°Î£º¦Åû¶
±¾ÍøÕ¾ÖеÄÐÅÏ¢¡¢Òâ¼û¾ù½ö¹©Í¶×ÊÕ߲ο¼Ö®Ó㬲¢Î´Ë¼Á¿µ½»ñȡʵÖÊÁÏÖ°Ô±µÄÏêϸͶ×ÊÄ¿µÄ¡¢²ÆÎñ״̬ÒÔ¼°Ìض¨ÐèÇó¡£ÔÚÈκÎÇéÐÎ֮ϣ¬±¾ÍøÕ¾ÖеÄÐÅÏ¢¡¢Òâ¼û¾ù²»×é³É¶ÔÈκÎÈ˵ÄСÎÒ˽¼ÒÍƼö¡£Í¶×ÊÕßÓ¦µ±¶Ô±¾ÍøÕ¾ÖеÄÐÅÏ¢ºÍÒâ¼û¾ÙÐÐ×ÔÁ¦ÆÀ¹À£¬²¢Ó¦Í¬Ê±Ë¼Á¿¸÷×ÔµÄͶ×ÊÄ¿µÄ¡¢²ÆÎñ״̬ºÍÌض¨ÐèÇó¡£Ö麣±¦ÔËÀ³²»Ïò¿Í»§Ìṩ˰Îñ¡¢»á¼Æ»òÖ´·¨Òâ¼û¡£Ö麣±¦ÔËÀ³½¨ÒéËùÓÐͶ×ÊÕß¾ùÓ¦¾ÍÈκÎDZÔÚͶ×ÊÏòÆäË°Îñ¡¢»á¼Æ»òÖ´·¨ÕÕÁÏ×Éѯ¡£¶ÔÒÀ¾Ý»òÕßʹÓñ¾Êý¾ÝËùÔì³ÉµÄÈκÎËðʧ¡¢Ë𺦡¢ÓöȻòÆÆ·Ñ£¬Ö麣±¦ÔËÀ³¼°/»òÆä¹ØÁªÖ°Ô±¾ù²»¼ç¸ºÈκÎÖ´·¨ÔðÈΡ£
¾Å¡¢ÔðÈÎÏÞÖÆ
Ö麣±¦ÔËÀ³¼°ÆäÊý¾ÝÌṩÕßÎÞÐë¶ÔÓÉÓÚµÇÈ롢ʹÓá¢×Éѯ»òä¯ÀÀ±¾ÍøÕ¾»òÆäËûÁ¬½áÍøÕ¾ËùÒýÆðµÄÈκÎÐÔ×ÓµÄËðʧ»òËðº¦ÈÏÕ棬ÆñÂ۸õÈËðʧ»òËðº¦ÊÇÖ±½ÓµÄ¡¢¼ä½ÓµÄ»òÒ»Á¬µÄ¡£
Ê®¡¢Á¬½áÖÁÆäËûÍøÕ¾
±¾ÍøÕ¾¿ÉÄÜ×Ô¶¯Á¬½áÖÁÆäËûÍøÕ¾¡£×óÓÒʹÓÃÁ¬½áµÇÈë¸ÃµÈÍøÕ¾Ðë×ÔÐм縺ËùÓÐΣº¦¡£Ö麣±¦ÔËÀ³²¢Î´ÉóºË±¾ÍøÕ¾ËùÊöÆäËûÍøÕ¾ËùÌṩµÄÐÅÏ¢ÊÇ·ñ׼ȷ£¬Òò´ËÖ麣±¦ÔËÀ³Ò಻»á¾ÍÆäÄÚÈÝ»ò¾ÓɸõÈÍøÕ¾ÌṩµÄ²úÆ·¡¢Ð§ÀÍ»òÆäËûÓŻݼ縺ÈκÎÔðÈΡ£ÔÚ¿Í»§ÒªÇóÈ¡µÃÓë¸ÃµÈÍøÕ¾ËùÊöͶ×ʲúÆ·ÓйصÄÊý¾Ýʱ£¬ÐëÊÊÍâµØÉóÉ÷È·±£×ñÊØËùÓÐÏà¹ØµÄÍâµØ¹æÔò¼°»®¶¨¡£×óÓÒÒËÉóÉ÷ÐÐÊ£¬Èç¶Ô¸ÃµÈÍøÕ¾µÄÄÚÈÝÓÐÈκÎÒÉÎÊ£¬Ó¦×Éѯ×ÔÁ¦µÄרҵÒâ¼û¡£