【券商聚焦】招银国际维持瑞声科技买入评级 看好其为AI驱动的规格升级周期的主要受益者

金吾财讯
Aug 22, 2025

金吾财讯 | 招银国际表示,瑞声科技(02018)上半年收入增长由于电磁传动及精密结构件/光学/传感器及半导体(同比增+27%/20%/56%)驱动,有关整体毛利率降至20.7%,主要受声学毛利率疲软影响(27.2%, 相比2024年上半年/下半年的30.0%/30.4%)。有关管理层对2025年指引,该机构认为是比较正面,这能缓解市场对下半年毛利率/需求的担忧。该机构提到,瑞声科技昨天股价下跌...

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