Puya Semiconductor (Shanghai)(688766 CH) NOR FLASH+EEPROM两翼齐飞,2021年业绩表现亮眼 2021E preview: NOR flash and EEPROM acceleration BUY (Maintain) 投资要点/Investment Thesis投资要点/Investment Thesis事件:2月22日,公司发布2021年度业绩预增公告;预计2021年度实现营业收入为11.03亿元,同比增长53.75%。实现归母净利润2.93亿元,同比增长239.96%。预计扣非净利润为2.74亿元,同比增长241.57%。Puya released preliminary 2021E results on 22 Feb 2022 with revenue at RMB1.1bn, a yoy increase of 53.75%, net profit at RMB293m, a hefty rise of 239.96% yoy, and net profit after non-recurring expenses at RMB274m, up 241.57%. 点评:NOR Flash + EEPROM,大容量高可靠市场打开第二增长曲线。公司近三年来业绩与净利润持续扩大,产品技术壁垒的优势为其奠定了市场地位
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