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研報掘金丨天風證券:維持華利集團“買入”評級,Q2行業訂單整體恢復

天風證券研報指出,華利集團(300979.SZ)印尼工廠投產,Q2行業訂單整體恢復。考慮到市場需求,未來幾年公司仍會保持積極的產能擴張。未來3-5年公司將在印尼及越南新建數個工廠。公司產能除通過新建工廠、設備更新提升產能外,還可通過員工人數和加班時間的控制保持彈性,每年具體產能配置將根據當年訂單情況進行調整。公司目前是行業內比較優質的製造商,行業口碑好,吸引客户主動找公司合作。由於公司工廠規模比較大,承接客户時會考慮訂單規模、未來的持續增長、雙方團隊的理念契合度等多方面因素。公司的客户策略是優質多客户策略,不會特別限制合作的品牌數量。維持盈利預測,維持“買入”評級。

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