研報掘金丨華安證券:山東黃金半年報業績高增,上調其盈利預期
華安證券研報指出,受益於金價上行,山東黃金(600547.SH)半年報業績高增。公司是國內黃金行業頭部企業,黃金產量保持行業領先地位,在黃金行業內加速資源整合,目前收購項目進展順利,後續有望持續貢獻業績增量。預計公司2023-2025年歸母淨利潤分別為22.2/26.6/32.1億元(前值為2023-2024年歸母淨利潤17.6/25.8億元,基於公司新增產能有序釋放上調盈利預期),對應PE分別為52/43/36倍,維持“買入”評級。
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