【天风证券】23Q2归母净利yoy+110.4%再超预期，大单品系列化、多品牌集团化成效凸显.pdf

2020净利润+38%yoy超预期，通讯、消费电子双高增

减值影响减弱，23H1净利YOY+89%

23Q3归母净利yoy+73.06%，淡季延续高景气

1H24 earnings down 27% YoY below our expectation; expect a better 2H24E

10月产业在线空调数据点评：新冷年开盘后提货仍积极，内销YOY+1.4%

Q2业绩+462%/营收+53%yoy延续三季度高增，御风归来趋势性改善明确

Multi-cylinder diesel engine sales +29% YoY in Dec

产业运营利润yoy+66%，聚焦主业盈利能力提升

23Q1-3营收yoy+1.86%，线上线下多渠道有望持续发力

3Q24 net profit +38% YoY, beat expectations; US remains the most promising market