研報掘金丨民生證券:九豐能源主業盈利能力增強,上調至“推薦”評級
民生證券15日研報指出,九豐能源(605090.SH)23H1非經常性損益為-0.62億元,主業盈利能力增強。其中Q2扣非歸母淨利潤同比高增,環比季節性回落。公司不斷擴充海氣和陸氣資源,內生和外延快速推進能源服務和特種氣體業務,且上半年業務發展成效顯著,利潤實現大幅增長,上調評級,給予“推薦”評級。公司持續構建“海氣+陸氣”雙資源池。海氣方面,根據海氣價格回落及上游資源投放情況,與多家國際知名能源供應商洽談新的長約合作,積極推動公司核心資源量提升工作;陸氣方面,森泰能源於2022年實現並表,從而公司可自主控制的LNG產能規模達到70萬噸/年,2023上半年公司自產LNG達到31萬噸,且公司設立西南資源中心和西北資源中心,繼續擴充陸氣調節資源量。氫氦業務籌備提速,項目有望加速落地。氦氣方面,2023H1公司高純度氦氣實現產銷量約13萬方,較上年同期增長51%;且公司在推進新提氦工廠的建設以提升產能,積極佈局液氦槽罐等資產以建立液氦進口業務全產業鏈。
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