宏发股份公司深度研究报告：继电器龙头，智能制造应用典范.pdf

1998 2015 20% 400 30% 40% 340 42 2016-2018 6.23/7.93/10.05 EPS 1.17/1.49/1.89 42 2016 36 PE 2014 2015 2016E 2017E 2018E 4,063 4,248 4,939 5,808 6,932 18.61% 4.55% 16.27% 17.60% 19.35% 430 472 623 793 1,005 30.98% 9.87% 31.89% 27.30% 26.78% EPS 0.81 0.89 1.17 1.49 1.89 ROE )