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研報掘金丨中泰證券:中華企業財務狀況良好,融資優勢明顯,首予“增持”評級
格隆匯 12-23 16:58

中泰證券研報指出,中華企業(600675.SH)結算影響短期業績,未來收入規模有保障。截至2024三季度末,公司的合同負債為111億元,同比+4.5%,隨着已售項目進入結算期,未來公司的收入有保障。自上市以來,公司累計現金分紅高達43.4億元,積極回饋股東,隨着公司業績的持續釋放,未來分紅金額有望進一步上升。中華企業銷售穩健,低成本優質土儲豐富,財務狀況良好,融資優勢明顯,同時背靠上海地產集團推進城市改造戰略,未來有望充分得益。預計公司24-26年歸母淨利潤為5.6/6.5/6.6億元,對應PE分別為32.3/28.0/27.4倍,首次覆蓋,給予公司“增持”評級。

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