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研報掘金丨長江證券:鹽湖股份鉀肥業務保持豐厚盈利,後續分紅預期值得期待

長江證券研報指出,鹽湖股份(000792.SZ)鉀鋰銷量齊增,資源税補繳拖累Q2業績。向後看,公司鉀肥業務保持豐厚盈利,貢獻穩定現金流,碳酸鋰業務4萬噸鋰鹽項目預計2025年投產,量增彈性顯著,同時伴隨後續央企中國五礦集團入主,體制升級和資源整合預期進一步打開公司長期發展空間。除此之外,新《公司法》落地後資本公積金可用於彌補前期虧損,基於公司目前賬上約190億貨幣資金以及現金牛鉀肥業務的長期穩定盈利,公司後續分紅預期值得期待,價值與成長共存。

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