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圖表38.申萬電子三級子行業印制電路板2025Q1業績明細-行業數據

圖表38.申萬電子三級子行業印制電路板2025Q1業績明細
圖表38.申萬電子三級子行業印制電路板2025Q1業績明細
整體而言，印制電路板行業 2025Q1 營業收入同比實現較快增長；毛利率同環比均有回升。我們認為以英偉達為代表的 AI 產業鏈升級將繼續支持高端 PCB 細分市場的增長。
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圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第1頁
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圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第2頁
圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第3頁
圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第4頁
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圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第5頁
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圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第6頁
圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第7頁
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圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第8頁
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圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第9頁
圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第10頁
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圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第11頁
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圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第12頁
圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第13頁
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圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第14頁
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圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第15頁
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圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第16頁
圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第17頁
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圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第18頁
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圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第19頁
圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第20頁
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圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第21頁
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圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第22頁
圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第23頁
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圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第24頁
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圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第25頁
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
圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第26頁
圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第27頁
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
圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第28頁
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
圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第29頁
圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第30頁
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圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第31頁
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圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第32頁
圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第33頁
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圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第34頁
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圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第35頁
圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第36頁
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
圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第37頁
5aW955qE77yM5Lul5LiL5piv5oKo5Zu+54mH5Lit55qE5pWw5o2u6KGo5qC877yM6KGo5qC85aaC5LiL5omA56S677yaCgp8IOivgeWIuOS7o+eggSB8IOivgeWIuOWQjeensCB8IOiQpeS4muaUtuWFpe+8iOS6v+WFg++8iSB8IFFvUe+8iCXvvIkgfCBZb1nvvIgl77yJIHwg5b2S5q+N5YeA5Yip5ram77yI5Lq/5YWD77yJIHwgUW9R77yIJe+8iSB8IFlvWe+8iCXvvIkgfAp8IDotLTogfCA6LS06IHwgOi0tOiB8IDotLTogfCA6LS06IHwgOi0tOiB8IDotLTogfCA6LS06IHwKfCAwMDI5NDcuU1ogfCDmgZLpk63ovr4gfCA2LjQ5IHwgKDE3LjU4KSB8IDUyLjU5IHwgMS4wOCB8ICgyNS45MSkgfCA1My42OSB8CnwgNjAzMzI3LlNIIHwg56aP6JOJ56eR5oqAIHwgNS42MSB8ICgxNS40OCkgfCAxNy4zMiB8IDAuMjEgfCAxOC4zNCB8ICg2Ny4zOCkgfAp8IDYwMzg4MC5TSCB8IOaZqOWFiem+mSB8IDUuNDkgfCAoOS44MykgfCAyMS42OCB8IDAuNDIgfCAoNy44OCkgfCAzNC4xOSB8CnwgMDAxMzE0LlNaIHwg5Lq/6YGT5L+h5oGvIHwgNS40OCB8ICgzOC4wOSkgfCAxNC40MSB8ICgwLjAyKSB8ICgxMTIuMDUpIHwgODAuODUgfAp8IDMwMDMyMi5TWiB8IOehlei0neW+tyB8IDUuMTggfCAoMi44NSkgfCA0MS42OSB8IDAuMTUgfCAxMjEuMzMgfCAyNzYuMDUgfAp8IDMwMDc5My5TWiB8IOS9s+emvuaZuuiDvSB8IDQuODcgfCAoOC44MSkgfCA4Ljk1IHwgMC4xNiB8IDE1MS4yNCB8IDcuNjMgfAp8IDMwMDcwOS5TWiB8IOeyvueglOenkeaKgCB8IDQuNjkgfCAoMTkuNjEpIHwgMjAuNjYgfCAoMC4xNykgfCAoMTg3LjE2KSB8IDM1LjQ1IHwKfCAwMDI4NjYuU1ogfCDkvKDoibrnp5HmioAgfCA0LjY1IHwgKDE0Ljk3KSB8IDguNTEgfCAwLjM5IHwgMTMyLjY2IHwgMTg5LjgyIHwKfCAzMDA5NTYuU1ogfCDoi7HlipvogqHku70gfCA0LjQ2IHwgKDIzLjcyKSB8IDIyLjk5IHwgMC4wMyB8ICgyMy4zMCkgfCAoMTIuOTYpIHwKfCAzMDExMjMuU1ogfCDoi7HkuJznlLXlrZAgfCA0LjQxIHwgKDguMzYpIHwgMTMuMTggfCAoMC4wNSkgfCA5MC45MyB8ICgxMjYuMjUpIHwKfCAzMDEzODMuU1ogfCDlpKnplK7ogqHku70gfCA0LjM2IHwgKDIwLjgwKSB8IDUuMjIgfCAwLjAzIHwgKDkyLjA5KSB8ICg5MS4zOCkgfAp8IDYwMzU5NS5TSCB8IOS4nOWwvOeUteWtkCB8IDQuMjggfCAoMjEuMzkpIHwgNC42NCB8IDAuMTEgfCAoNzkuODkpIHwgKDE1LjQwKSB8CnwgMDAyMzY5LlNaIHwg5Y2T57+856eR5oqAIHwgNC4yNiB8ICgxMC4xNikgfCAxLjE3IHwgKDAuMzIpIHwgNjUuNzQgfCAzMC4yMSB8CnwgMzAxMDUxLlNaIHwg5L+h5r+g5YWJ55S1IHwgNC4yMSB8ICg3LjA2KSB8IDEuNTcgfCAoMS4wNSkgfCAyOC4yNCB8ICgyNzAuMzEpIHwKfCAwMDI5ODEuU1ogfCDmnJ3pmLPnp5HmioAgfCAzLjk3IHwgKDI0LjM3KSB8IDM5LjMzIHwgMC4yMSB8ICg0My4wNCkgfCAxNDUuMjMgfAp8IDMwMDkxNi5TWiB8IOaYjueJueaZuuiDvSB8IDMuOTQgfCA2Ljc4IHwgKDUuOTApIHwgMC4zMCB8ICgzOS41OCkgfCAoMjQuODUpIHwKfCAwMDI4NTUuU1ogfCDmjbfojaPmioDmnK8gfCAzLjc4IHwgMS4xMyB8IDQ2LjE0IHwgKDAuODcpIHwgMjguNDcgfCAoNzIuNjUpIHwKfCAzMDAwMzIuU1ogfCDph5HpvpnmnLrnlLUgfCAzLjUwIHwgKDE5LjE5KSB8IDI2LjE1IHwgMC4xNiB8IDEyNy4xMCB8IDI4NS43OCB8CnwgNjAzNjMzLlNIIHwg5b6V5pyo6IKh5Lu9IHwgMy41MCB8ICgxNS42OSkgfCA1LjYzIHwgMC4xOSB8IDQ1My4wNiB8ICgyNS4yNSkgfAp8IDMwMDY4Ni5TWiB8IOaZuuWKqOWKmyB8IDMuNDggfCAoMTUuNTcpIHwgNy44NCB8ICgwLjI0KSB8IDY4LjAxIHwgMzMuNTcgfAp8IDMwMTM4Ny5TWiB8IOWFieWkp+WQjOWImyB8IDMuNDcgfCAoOC45MSkgfCA1MS4xNg==
圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第38頁
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圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第39頁
圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第40頁
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圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第41頁
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
圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第42頁
圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第43頁
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
圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第44頁
5aW955qE77yM5Lul5LiL5piv5oKo5Zu+54mH5Lit55qE5pWw5o2u6KGo5qC877yM6KGo5qC85aaC5LiL77yaCgp8IOivgeWIuOS7o+eggSB8IOivgeWIuOWQjeensCB8IOiQpeS4muaUtuWFpe+8iOS6v+WFg++8iSB8IFFvUe+8iCXvvIkgfCBZb1nvvIgl77yJIHwg5b2S5q+N5YeA5Yip5ram77yI5Lq/5YWD77yJIHwgUW9R77yIJe+8iSB8IFlvWe+8iCXvvIkgfAp8IDotLTogfCA6LS06IHwgOi0tOiB8IDotLTogfCA6LS06IHwgOi0tOiB8IDotLTogfCA6LS06IHwKfCAwMDEyODcuU1ogfCDkuK3nlLXmuK8gfCAxMDYuNzkgfCAoMTkuMzYpIHwgMi40NCB8IDAuODggfCAxMjUuMDMgfCAoMjkuNDgpIHwKfCAzMDA0NzUuU1ogfCDpppnlhpzoiq/liJsgfCA3Ny42MSB8ICgxMC44MykgfCAxMTMuNjEgfCAoMS4wMCkgfCAoMTQ4LjIwKSB8ICgxNjIuMzApIHwKfCAwMDAwNjIuU1ogfCDmt7HlnLPljY7lvLogfCA1Ni43NCB8ICgzLjgzKSB8ICg5LjQ2KSB8ICgwLjUzKSB8ICgxNTkuNDEpIHwgKDE5My43MykgfAp8IDMwMTE4NC5TWiB8IOWKm+a6kOS/oeaBryB8IDIyLjE0IHwgMS45MiB8IDM3LjIwIHwgKDAuMDIpIHwgKDEwNC4zNSkgfCA3OS45MSB8CnwgMDAxMjk4LlNaIHwg5aW95LiK5aW9IHwgMTguODAgfCAoNi40NSkgfCAzNC41NCB8IDAuMDAgfCAoMTAxLjU3KSB8IDg2Ljg0IHwKfCAwMDIxMzAuU1ogfCDmsoPlsJTmoLjmnZAgfCAyMS4wNiB8IDIyLjA4IHwgMjMuMTIgfCAxLjkyIHwgKDE4LjM0KSB8ICgxMi42NykgfAp8IDMwMTA5OS5TWiB8IOmbheWIm+eUteWtkCB8IDEzLjQyIHwgMzMuMjkgfCA2NC41MSB8IDAuMjEgfCAoNjUuNjEpIHwgMzYuMTMgfAp8IDMwMDEzMS5TWiB8IOiLseWUkOaZuuaOpyB8IDEzLjMwIHwgKDkuMzcpIHwgKDEuMzkpIHwgMC4xNCB8IDMzLjQ1IHwgKDEzLjQ0KSB8CnwgMDAyNzgyLlNaIHwg5Y+v56uL5YWLIHwgMTQuMDYgfCAyMS4zNyB8IDE2LjIzIHwgMC43OCB8IDU4LjM0IHwgNDUwLjAwIHwKfCAwMDI5MjIuU1ogfCDkvIrmiIjlsJQgfCAxMy45NiB8IDE3LjI1IHwgMjUuNTIgfCAwLjgyIHwgMTQwLjQ0IHwgODYuOTggfAp8IDMwMTI3NS5TWiB8IOaxieaclOenkeaKgCB8IDEzLjI5IHwgMjcuNjkgfCA0Ni45MCB8IDEuODIgfCAyMi43NyB8ICgxMS4yNSkgfAp8IDAwMjg4NS5TWiB8IOS6rOazieWNjiB8IDkuMTQgfCAxOC43MyB8IDUyLjA5IHwgKDAuMDQpIHwgKDE3Ny45NCkgfCA4OS4zOSB8CnwgNjg4ODAwLlNIIHwg55Ge5Y+v6L6+IHwgOC4yNSB8IDMwLjcxIHwgNjAuNDIgfCAwLjY5IHwgNjkuMDUgfCA2OS4wNSB8CnwgMDAwNjcwLlNaIHwg55uI5pa55b6uIHwgMTEuNTQgfCA2LjYzIHwgNC4wNCB8ICgwLjI1KSB8ICg4MC4yNikgfCAoMi4xNikgfAp8IDMwMDQ5My5TWiB8IOa2puaso+enkeaKgCB8IDYuNzQgfCAoMTAuODYpIHwgMTAuNDggfCAoMC4wMSkgfCAoMTA2LjQ3KSB8ICgxMjEuNjYpIHwKfCAzMDA2NTAuU1ogfCDlpKrpvpnogqHku70gfCA2LjI4IHwgKDQuMDkpIHwgKDIzLjYxKSB8IDAuMTYgfCAyOC4xNiB8IDUuNjIgfAp8IDYwMzkzMy5TSCB8IOedv+iDveenkeaKgCB8IDQuODIgfCA0Ljk4IHwgNi40NiB8ICgwLjI0KSB8ICgzNzIuNjApIHwgKDI4MS43MykgfAp8IDAwMjg1OS5TWiB8IOa0gee+juenkeaKgCB8IDQuNzUgfCAoNS4zNSkgfCA2LjY5IHwgMC4yNSB8ICg1NS4yNikgfCAoNjkuOTMpIHwKfCAzMDEwMzEuU1ogfCDkuK3nhpTnlLXmsJQgfCA0LjU1IHwgMjIuMzggfCA1MC44MCB8IDAuNjcgfCAyMi42OCB8IDExMi4zOCB8CnwgMDAyMzg4LlNaIHwgU1TmlrDkupogfCA2LjIwIHwgOC4zMSB8IDUuOTMgfCAoMi4zNykgfCAoMiw0MTkuOTkpIHwgNS40MiB8CnwgNjAwMzUzLlNIIHwg5pet5YWJ55S15a2QIHwgNC42OCB8IDM4LjU5IHwgMTI=
圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第45頁
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
圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第46頁
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
圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第47頁
圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第48頁
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
圖表38.申萬電子三級子行業印制電路板2025Q1業績明細_第49頁
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
所屬報告： 電子行業2025一季報和2024年報綜述：行業景氣度分化重點關注“國補”和AI的增長驅動力-250522（35頁）.pdf
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