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研報掘金丨東吳證券:晶盛機電與西部超導戰略合作,超導磁場第五代單晶爐有望快速放量
格隆匯6月7日丨東吳證券6日研報指出,晶盛機電(300316.SZ)與西部超導達成戰略合作協議。預計主要為晶盛購買西部超導的線材,晶盛機電的子公司慧翔電液生產超導磁場,利於晶盛磁場擴產&降本。預計到2024年超導磁場第五代單晶爐在晶盛單晶爐出貨中佔比有望達50%、2025年有望達100%,新款單晶爐將會是光伏設備中革命性的新產品。另外,N型硅片質量要求提高,新一輪技術迭代利好設備供應商。光伏設備是晶盛機電成長的第一曲線,第二曲線是半導體設備放量,第三曲線是光伏耗材和半導體耗材的完全放量。維持公司2023-2025年的歸母淨利潤為47/58/70億元,對應PE為18/15/12倍,維持“買入”評級。

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