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研報掘金丨華西證券:上海沿浦再獲新能源定點,座椅骨架高增可期,維持“買入”評級
格隆匯6月20日丨華西證券19日研報指出,上海沿浦(605128.SH)全資子公司鄭州沿浦於近期收到位於鄭州的客户的《定點通知書》,鄭州沿浦將為該客户一款新能源汽車車型的整椅生產供應整套汽車座椅骨架總成,該項目預計2023年7月量產。判斷前後座椅全面配套,預計單車配套價值突破千元(過去以後排座椅為主,單車配套價值僅為300-500元),汽車座椅骨架高增可期。預計此次定向增發有利於公司進一步拓展座椅骨架總成業務,提高產能和配套能力,進軍整車廠高單車價值量零件配套體系。另外,公司業務橫向拓展,從座椅骨架到汽車門模、安全系統、新能源細分。公司作為汽車座椅骨架龍頭,在電動智能重塑整零關係的大趨勢下,有望憑藉性價比和快速響應能力加速搶佔份額;同時公司積極拓展新客户和新品類,有望迎來量價齊升,打開中長期成長空間。維持“買入”評級。
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