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研報掘金丨長江證券:維持三花智控“買入”評級,盈利能力持續提升

長江證券研報指出,三花智控(002050.SZ)2023年傳統制冷、汽零兩大業務均實現收入增長和毛利率提升。24Q1收入增長13%,Q1全球電動車產銷同比增長超過20%,預計公司汽零收入保持較快增長;傳統制冷方面Q1預計保持穩增長,其中國內景氣預計相對較高。作為公司重要的戰略新興業務之一,在仿生機器人領域,公司聚焦機電執行器,全面配合客户進行產品研發、試製、迭代,未來有望貢獻可觀潛在增量。預計公司2024年歸屬母公司股東淨利潤35億元,對應2024年PE估值約23倍。維持“買入”評級。

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