Tianshui Huatian Technology (002185 CH)2022年度业绩短期承压,产品+产能布局奠定23年业绩增长基石2022 dragged by short-term industry factors; 2023E driven by capacity and product buildoutBUY (maintain)投资要点/Investment Thesis投资要点/Investment Thesis事件:公司发布2022年度报告,完成营业收入 119.06 亿元,同比下降 1.58%,实现归属于上市公司股东的净利润 7.54 亿元,同比下降 46.74%。2022 earnings under pressure: Huatian added auto electronics customers; mass produced advanced packaging and high-computing power products Huatian Technology released 2022 earnings results with RMB11.91bn revenue, down 1.58% yoy, and RMB754m net profit, down 46.74% yoy. 点评:2022年度业绩承压,汽车电子客户开拓、高算力先进封装产品量产进展顺利,为长期发展蓄能。产量方面2022 年,公司共完成集成电路封装量419.19亿只,同比下降15.57%,晶圆级集成电路封装量138.95
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