中芯国际四季报拆解:国产替代的“深水区突围”

Ofweek维科网
12 Feb

中芯国际四季报拆解:国产替代的“深水区突围”本文为美港探案(MGresearch)原创作者:许颖编辑:探长X一、核心财务数据:营收增速与利润剪刀差的秘密2024年Q4,中芯国际实现营收159.17亿元(同比+31%),创单季历史新高,但归母净利润9.92亿元(同比-13.5%),形成显著“剪刀差”。拆解数据可见三重信号:关键洞察:1.逆周期扩产红利:当全球半导体资本开支收缩21%时,中芯产能利用率...

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