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研報掘金丨中銀證券:維持新和成“買入”評級,看好維生素、蛋氨酸價格上升帶來的業績增長

中銀證券研報指出,新和成(002001.SZ)24Q1業績同環比增長,盈利能力改善。5月24日蛋氨酸單價為21.82元/千克(較年初+2.15%)。維生素及蛋氨酸價格上升有望提升公司營養品板塊業績。此外,根據2023年年報,原料藥板塊藥品級Q10上市,並根據市場需求升級產品結構,公司逐步發展成為解熱鎮痛類、營養類藥品以及特色原料藥中間體生產商。考慮到2024年維生素、蛋氨酸價格仍處於回暖過程中,長期來看隨着供需格局優化,維生素、蛋氨酸行業景氣度有望提升,調整盈利預測,預計2024-2026年公司每股收益分別為1.20元、1.45 元、1.71元。看好維生素、蛋氨酸價格上升帶來的業績增長,新項目持續推進,維持“買入”評級。

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