资源描述
|2023-2024 1 PMI 23 23-24 3C 1 2 3 岹 4/2023 11 22 021-63325888*6090 S0860520060002 BSW113 S0860522080002 10 2023-11-11 2023-11-03 2023-10-28 2024 2 2023.5 2023-2024.6 2.1.6 2.2.8 2.3.10.11 3.1.11 3.2.13.15 4.1 Optimus.15 4.2.18.20.21 WUBYvMqNtQrQsMsRnQrOoP8OdNaQnPpPpNmPjMmNpOlOtRmQbRoPtPNZmOnQMYoNpQ 3 1.5 2.5 3 PMI.7 4 PMI.7 5.7 6 PPI.7 7.7 8.7 9 C&%.8 10 C%.8 11%.8 12%.8 13%.9 14%.9 15.9 16.9 17.10 18.10 19.10 20.10 21.11 22.11 23.11 24.11 25.12 26.12 27 23Q1-3.12 28 FY23H1.12 29.12 30%.12 31.13 32.14 33.14 34.14 4 35 2023H1.15 36 2023H1.15 37.16 38.17 39 2026-2030().18 40.19 41.19 42 2023.19 43 2030.19 1%.5 2%.6 3 2023.16 4.17 5.20 5 2023 21 22 22 19-20 1 2 Wind Wind 23Q3 23Q3 1%2022Q1 2022Q2 2022Q3 2022Q4 2023Q1 2023Q2 2023Q3 145.1 61.0 52.9 2.5 16.4 30.2 34.3 39.1 27.0 49.3 41.6 50.3 52.4 26.5 5.2-4.9 9.1 2.4 20.2-0.5 17.5 7.5 6.5 19.2-8.1 9.4 10.1 16.9 10.3 10.1 18.5 7.3 17.5 14.2 14.7 4.1 8.8 10.3 6.6 11.1 9.4 12.4 12.1 12.9 16.2 13.3 10.9 17.4 11.7 30.7 69.1 45.6 82.7 4.8 11.5 10.9 3.8-8.9-11.9-12.2-10.8-0.9 6.9-3.1-25.0-10.2-24.0-9.0 10.9 5.5 3.0-8.1 5.8 7.8 4.2 9.1 4.8-17.9-3.4 9.9 6.0 5.8 4.4 4.3 13.4-19.1 23.6 6.3-7.2 60.6 3.1 19.7 20.9 13.6 7.5 10.0-0.4 1.8 20.1 3.0 9.2 3.2-5.7 7.0 1.6-29.2-35.5-7.5-3.0-3.4 8.4-0.7 19.3 18.8 24.1 2.4 12.8-3.8-1.1 19.0-8.3-7.6-14.5-12.1 0.4-1.9-19.7-39.4-35.0 3.5-3.0 4.2-6.4 17181920212223-100102030405060%80100120140160180 6 3C 7.9 26.9 12.7 8.5 24.4-6.9-9.3 8.4-12.4 9.4-3.8-1.6 9.2-10.2 17.1 6.7 13.9-0.4 10.5-15.4-17.8 27.2-2.9 38.9 96.1-0.6 26.0-18.5 Wind 2%2022Q1 2022Q2 2022Q3 2022Q4 2023Q1 2023Q2 2023Q3 33-21 123 36 4 189 57 66 69 88 56 84 15 45-53-5 251-297 2 82 40 38 27 40 64 27 17 37 78 68 55-29 35 31 37-55-62-34-49-10 50 28-13-35-39-295-30 8 10-6-33-8-16-21 2 2-45 3 12 18 26-3 2-2 33 50 174 111 12-3-28 2 10 1,201 16 4-10 11-17-12-4 27 16-14 3C-23 71 18 115 31 3-14 11-34-60 149-52-12-19-3 19 34 24 21-18-19-54-4-12 160 4-16-20 139-38 788-113-70 69-25 7 22 337 506 23-56-30 30 5 20-32-8 9-36 221 222 205 90-36-17-37 91 10 87 109-7-14-43-35 16 64 17 33-27-59-74-75 567-298 15 161-95 Wind 2023-2024 2.1 PMI 12 15 19 PMI 22 PMI 2020-2021 2023 PMI 2022 PMI 23 7 PMI 3 PMI 4 PMI Wind Wind 2020 22 23 PPI 22 PPI 5 6 PPI Wind Wind 21 22 23 7 8 454647484950515253545512/112/713/113/714/114/715/115/716/116/717/117/718/118/719/119/720/120/721/121/722/122/723/123/7PMI%253035404550556065702012-01 2013-07 2015-01 2016-07 2018-01 2019-07 2021-01 2022-07 PMI%PMI%PMI%-505101520252012-02 2013-10 2015-06 2017-02 2018-10 2020-06 2022-02%-10-505101512/0112/0612/1113/0413/0914/0214/0714/1215/0515/1016/0316/0817/0117/0617/1118/0418/0919/0219/0719/1220/0520/1021/0321/0822/0122/0622/1123/0423/09PPI%8 Wind Wind 2.2 3C C 9 C&%10 C%Wind Wind 11%12%(60)(40)(20)02040608010012/01 13/04 14/07 15/10 17/01 18/04 19/07 20/10 22/01 23/04%(60)(40)(20)02040608010012014012/01 13/02 14/03 15/04 16/05 17/06 18/07 19/08 20/09 21/10 22/11叉车累计销量同比（%）-2000200400600800100012001400160018002000-200-100010020030040020Q120Q220Q320Q421Q121Q221Q321Q422Q122Q222Q322Q423Q123Q223Q3CS CS-100-5005010015020025030020Q1 20Q2 20Q3 20Q4 21Q1 21Q2 21Q3 21Q4 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23Q3CS CS CS 9 Wind Wind 13%14%Wind Wind 19 21 15 16 Wind Wind-40-20020406080100120-400-2000200400600800100020Q120Q220Q320Q421Q121Q221Q321Q422Q122Q222Q322Q423Q123Q223Q3CS CS-100010020030040050060020Q1 20Q2 20Q3 20Q4 21Q1 21Q2 21Q3 21Q4 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23Q3CS CS CS CS-40-2002040608010020Q1 20Q2 20Q3 20Q4 21Q1 21Q2 21Q3 21Q4 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23Q3CS CS-200-100010020030040020Q1 20Q2 20Q3 20Q4 21Q1 21Q2 21Q3 21Q4 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23Q3CS CS 02040608010012014016018020012/112/1013/7 14/4 15/115/1016/7 17/4 18/118/1019/720/4 21/121/1022/723/4钢材价格指数:板材5%10%15%20%25%30%17/2 17/7 17/12 18/5 18/10 19/3 19/8 20/1 20/6 20/11 21/4 21/9 22/2 22/7 22/12 23/5 10 2.3 21-22 23 17 18 Wind Wind 19 20 Wind Wind-15-10-505101520252018/012018/042018/072018/102019/012019/042019/072019/102020/012020/042020/072020/102021/012021/042021/072021/102022/012022/042022/072022/102023/022023/052023/08%-100-500501001502002502018/012018/042018/072018/102019/012019/042019/072019/102020/012020/042020/072020/102021/012021/042021/072021/102022/012022/042022/072022/102023/012023/042023/07%6065707580859012/1 12/9 13/5 14/1 14/9 15/5 16/1 16/9 17/5 18/1 18/9 19/5 20/1 20/9 21/5 22/1 22/9 23/5%6065707580852012-03 2013-09 2015-03 2016-09 2018-03 2019-09 2021-03 2022-09欧盟27 国制造业产能利用率（%）11 21 22 Wind Wind 23 24 Wind Wind 3.1 23Q1-3 499.9 16.7%208.99 13.4%23Q1-3 32%EMEA 23Q1-3 11%23Q1-3 10%23Q1-3 17%FY2023H1 1.8 12.6%1.7 13.3%05101520253035-60-40-200204060801002019/01 2019/11 2020/09 2021/07 2022/05 2023/03%0510152025303540-50-40-30-20-10010203040506018/0118/0418/0718/1019/0119/0419/0719/1020/0120/0420/0720/1021/0121/0421/0721/1022/0122/0422/0722/1023/0123/0423/07%01020304050602019/012019/032019/052019/072019/092019/112020/012020/032020/052020/072020/092020/112021/012021/032021/052021/072021/092021/112022/012022/032022/052022/072022/092022/112023/012023/032023/052023/072023/09%010203040506070,%12 25 26 4 1 3 31 27 23Q1-3 28 FY23H1 EMEA CIS 23M10/48.8/76.2/73.8/223.3+1.4%/+3%/+0.3%/+7.1%23M9 22H1 200h 29 30%-60%-40%-20%0%20%40%60%0100200300400500600700200420052006200720082009201020112012201320142015201620172018201920202021202223Q1-3-40%-30%-20%-10%0%10%20%30%40%050010001500200025003000FY2007FY2008FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY23H1-20%-10%0%10%20%30%40%020406080100120 EMEA-50%-30%-10%10%30%0100200300400500 13 3.2 2021-2022 2021 2020 2021 2021 340.3+62%2022 443.0+30%23Q1-3 371.1+14%2021 2022 22Q4 31 Wind 2021 2022/43%/23%/12%/9%/8%/5%41%/24%/12%/9%/9%/5%23Q1-3 40%/27%/11%/9%/9%/5%040801201602002402021/012021/032021/052021/072021/092021/112022/012022/032022/052022/072022/092022/112023/012023/032023/052023/072023/09-15-5515252021/012021/032021/052021/072021/092021/112022/012022/032022/052022/072022/092022/112023/012023/032023/052023/072023/09-30%-20%-10%0%10%20%30%40%50%60%70%01002003004005002010-012010-062010-112011-042011-092012-022012-072012-122013-062013-112014-052014-102015-042015-092016-032016-082017-022017-072017-122019-032019-082020-032020-082021-022021-072021-122022-052022-102023-032023-08:14 32 Wind 2021 2021-2023H1 23H1 36%67%115%58%78%50%2021 2021 23%15%9%21%25%18%23H1 56%41%35%43%52%54%33 Wind 34 0%20%40%60%80%100%120%0100200300400 2021 2022 23H1 2021 2022 23H1 0%20%40%60%80%100%21M321M421M521M621M721M821M921M1021M1121M1222M222M322M422M522M622M722M822M922M1022M1122M1223M223M323M423M523M623M723M823M9 15 Wind 2023 300%100%50%20%200%150%100%200%35 2023H1 36 2023H1 4.1 Optimus 0%10%20%30%40%50%60%2017 2018 2019 2020 2021 2022 2023H1 0%20%40%60%80%020406080100 2023H1 0%10%20%30%40%50%60%70%020406080100120 2023H1 16 2023 2023 11 2 3 2023 2023 11 4 OS 5 2023 11 2 2025 2027 2023 10 27 2023-2025 2025 10 100 1000 500/2023 9 13 2023 4 2023 6 16 2023 2025 2023 5 31 2023-2024 2023 4 29 2023 2025 6G 2023 1 20+2025 2020 2025 2027 1 2025 2-3 2-3 2 2027 37 17 2023 2023 10 24 PX5 XNGP XOS 4 2023 6 AI 2023 8 191.50 3.76%2023 10 AI 2023 10 24 PX5 Optimus 2021 AI DAY Tesla Optimus 2022 AI DAY Optimus 2023 5 Dojo Optimus 2023 8 Optimus Optimus 2 38 18 2024 Optimus 2023 2024 100 4 10 4.2;EVE Digit 2025 2023 5 GGII 2026 3.5%20 2030 200 25%2030 50 39 2026-2030()GGII AI 202005500501001502002502026E 2030E全球 中国 19 40 Tesla AI Day 41 Tesla AI Day Tesla AI Day Optimus 2023;2030 50%42 2023 43 2030 20 Tesla AI Day APT imu 5 2023 21%16%16%14%4%imu 1%Tesla Al Day 2023 Optimus 2024 2024 2023 1(601882)(688697)(688305)无框力矩电机21%减速器16%力传感器16%丝杠14%空心杯电机4%惯导 imu1%其他28%无框力矩电机 减速器 力传感器丝杠 空心杯电机 惯导 imu无框力矩电机18%力传感器18%减速器17%丝杠16%空心杯电机1%惯导 imu2%其他28%无框力矩电机 力传感器 减速器丝杠 空心杯电机 惯导 imu 21(000837)(300083)(688558)(300415)(01882)/(002747)(300607)(300124)(688017)(603203)(300802)(603915)(603966)(600761)(603298)(603611)(603901)(603337)(002833)2&(600031)(601100)(000157)(603338)(301039)(601766)(600528)(603583)(002444)3(002050)(601689)(603728)(873593)(688017)(002472)(002896)(002338)(688320)(300124)(300503)岹(688279)(301525)(603667)(601100)(300580)(000837)(873593)(688320)(688028)(300461)(300809)(688577)(002520)(603662)(300503)IMU(688582)(688071)(002079)4(300751)(300724)(603396)(300450)(688499)(688006)(688559)(002353)(688377)(601717)(600582)22 23 1%(688377)(603298)(603337)(603901)(300415)(688558)(601882)1%24 Tabl e_Disclai mer 12 A 300 500 15%5%15%-5%+5%-5%5%-5%+5%-5%HeadertTabl e_Discl ai mer HeadertTabl e_Address 318 26 021-63325888 021-63326786 Tabl e_Disclai mer
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