研報掘金丨國信證券:維持立華股份“優於大市”評級,合理估值24.1-27.0元
國信證券研報指出,立華股份(300761.SZ)是國內黃羽雞與生豬養殖優質標的。公司主要業務為黃羽肉雞養殖、屠宰和銷售,另外還從事肉豬及肉鵝的養殖銷售。公司黃羽肉雞板塊近年產能擴張與冰鮮轉型並進,在立足華東、積極向華南等重要消費區域擴張養殖產能的同時,加速佈局屠宰加工產能,目前已形成集種禽繁育、飼料加工、商品雞養殖與屠宰加工為一體的完整產業鏈。2023年,公司肉雞出欄規模已達4.57億隻(近5年CAGR為12%),市佔率接近13%,僅次於温氏股份,是國內最大的黃羽肉雞養殖銷售企業之一。另外公司生豬養殖產能近年正快速釋放,2024年出欄預計將突破100萬頭。預計公司合理估值24.1-27.0元/股,維持“優於大市”評級。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.