点钞机解决方案

Release time:2018-08-21
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source:Ameya360
reading:2080

1、前言

点钞机 (Currency-counting
machine) 是一种自动清点钞票数目的机电一体化装置,一般带有伪钞识别功能,集计数和辨伪钞票的机器。

点钞机解决方案

点钞机是由捻钞轮、压钞轮、接钞轮、机架、电机、变压器、电子电路等多部分组成。

2、方案概述

Ameya360 点钞机解决方案主要由显示模块、控制模块、电机模块、通用模块、电源支持模块、音频模块等组成。

点钞机解决方案

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Q3指引超预期 消费电子带动持续增长
业绩总结:公司披露2020年中报业绩,公司2020H1 营收155.7亿元,同比增长14.7%;归母净利润7.8 亿元,同比增长49.1%,位于中报业绩预告上限;归母扣非净利润7.4 亿元,同比增长76.8%。同时预告2020Q3 业绩大幅上升,归母净利润16.74~18.71 亿,同比70%~90%。2020H1 业绩高速增长,Q3 指引超预期。2020H1 营收155.7 亿元,同比增长14.7%,归母净利润7.8 亿元,同比增长49.1%,净利润增速高于营收增速,盈利质量提升明显。毛利率较去年同期提升2.5pp,净利率较去年同期提升1.2pp.主要原因系公司TWS 耳机扩产顺利,良品率提升所致,规模效应初显。公司2020H1 存货达95.7 亿元,同比增长104.3%,预期为公司积极备货下半年消费电子旺季,一定程度反应Q3 业绩指引高增长。TWS 耳机行业高度景气,智能手表行业快速增长,公司有望持续受益。根据国际调研机构Futuresource 的Headphones Market Report 报告显示,2020 年全球TWS 真无线智能耳机预测出货量将达到1.86 亿部,同比增长约63.1%。依据Trendforce 数据预测,22 年全球智能手表出货量有望达1.1 亿。公司坚持“零件+成品”战略,积极布局智能硬件产品方向。公司智能声学整机(TWS 耳机)及智能硬件(智能手表)等业务有望持续受益行业高速增长。VR/AR 有望开启中长期市场空间,公司有望伴随大客户订单迎来高增长。公司在VR/AR 领域具备ID、光学设计/光学元件、电子电路、结构/散热、声学、无线/射频、软件、自动化等一站式ODM/JDM 服务能力,与索尼、三星、华为、苹果、Oculus 等大客户长期合作。据IDC 预测,2020 年全球VR 虚拟现实产品预测出货量将达到710 万台,同比增长约23.6%。公司积极布局VR/AR 端智能硬件产品机会,有望持续受益同步及超越行业整体增长水平。盈利预测与投资建议。预计2020-2022 年EPS 分别为0.72 元、1.07 元、1.23元,未来三年归母净利润将保持46.7%的复合增长率,考虑到公司在TWS 耳机及AR/VR 领域的产业链龙头地位稳固,公司加强执行声光电领域“零件+成品”战略布局,预期公司将在协同效应下业绩保持稳步增长,长期看好公司发展,首次覆盖,给予“持有”评级。风险提示:TWS 耳机销量不及预期,VR/AR 等可穿戴设备需求不及预期;贸易摩擦致使行业需求下滑导致行业竞争加剧风险。
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