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研報掘金丨光大證券:中欣氟材Q2淨利同比環比均下滑,靜待氟精細化工新產能兑現
格隆匯7月19日丨光大證券18日研報指出,景氣下行中欣氟材(002915.SZ)Q2業績承壓。第二季度公司預計實現歸母淨利潤-2106~-1965萬元,同比下滑139%~142%,環比下滑172%~177%。2023年上半年,由於宏觀經濟需求較為疲弱,公司農藥中間體等主要產品價格及銷量均出現下滑,對應盈利減弱,致使公司業績同比出現較大幅度下滑。考慮到當前公司主要產品價格仍處於相對低位,外加新建成項目產銷量有待爬坡,下調公司23-24年盈利預測,新增公司25年盈利預測。預計23-25年公司歸母淨利潤分別為0.54(下調76.8%)/1.24(下調54.4%)/1.83億元。目前公司主要產品價格已逐步企穩,盈利情況有望得到改善。此外,公司氟苯、四代製冷劑等新項目已建成進入試生產狀態,伴隨新項目的放量,公司業績有望獲得增長,維持公司“增持”評級。
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