研報掘金丨安信證券:富創精密Q2營收環比大幅提高,維持“買入-A”評級
格隆匯7月28日丨安信證券27日研報指出,半導體訂單回暖,富創精密(688409.SH)23Q2營收環比大幅提高。目前公司產品結構日趨完善,工藝零部件佔比持續提升,多種產品通過客户 A、北方華創等核心客户認證後批量供貨;模組產品規模快速增長,綜合競爭力進一步提升。為了應對國內半導體市場需求的擴張,公司積極擴產,截至目前,公司已在中國瀋陽、北京、南通以及新加坡進行產能佈局。南通廠目前處於導入設備、調試階段,預計2025年達產,年產能規劃20億元;北京廠預計2027年達產,年產能規劃20億元。預期新產能釋放將進一步推動公司業績增長。綜合考慮半導體市場景氣度及公司產能擴張進度,結合wind行業一致預期,給予公司24年50XPE,對應目標價118.00元。維持“買入-A”。
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