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研報掘金丨民生證券:紫光股份收購新華三靴子落地,算力網絡龍頭有望增厚業績
格隆匯 05-29 13:49
格隆匯5月29日丨5月26日,紫光股份(000938.SZ)擬定增募資不超120億元用於收購新華三49%股權。民生證券28日研報指出,收購確定性進一步增強,僅定增120億元股份攤薄有限。自2016年上市公司收購新華三控制權以來,新華三的資產質量、收入及利潤規模均大幅提升。本次收購完成後,新華三將成為公司間接持有100%股權的下屬公司。考慮公司100%並表新華三將顯著增厚業績,並有望進一步激發內生成長動能。預計公司2023-2025年歸母淨利潤分別為27.92/35.26/42.69億元,對應PE倍數為30/24/20x,維持“推薦”評級。
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