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研報掘金丨德邦證券:晶澳科技行業地位領先,未來持續擴張產能 維持“買入”評級
格隆匯 05-22 14:06
格隆匯5月22日丨德邦證券21日研報指出,晶澳科技(002459.SZ)2022年實現歸屬於母公司所有者的淨利潤為55.33億元,同比增加171.4%;2023年一季度實現歸屬於母公司所有者的淨利潤為25.82億元。同比增加244.45%。目前,公司魄秀(Percium)系列電池量產轉換效率最高達到23.9%,處於行業領先水平;最新的n型倍秀(Bycium)電池量產轉換效率最高達到25.3%,工藝將持續改進,進一步降低電池生產成本,提高電池的性價比。根據第三方權威諮詢機構PV InfoLink統計數據,公司2017-2021年組件出貨量連續多年穩居全球前三名,2022年依然位居行業前列。未來公司持續擴張產能,有望享受龍頭紅利,強者恒強。預計公司2023-2025年歸母淨利潤為95.9/146.8/168.1億元,對應2023年5月19日收盤價PE為13.14X/8.56X/7.49X,維持公司“買入”評級。
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