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研報掘金丨天風證券:維持華利集團“買入”評級,多數客戶業績保持成長保障公司業績
格隆匯 02-19 15:12

天風證券研報指出,公司客戶相對多元,大多數客戶都是上市公司。從各客戶披露的業績指引來看,多數客戶業績保持成長。對於營收增速較高的客戶,公司來自該客戶的訂單也是快速成長,有的客戶雖然暫時營收增速一般甚至下滑,公司在這些客戶的供應鏈中具備較強的競爭力,訂單份額得以保障。此外,公司持續拓展新客戶,新增客戶以及新客戶合作的深入,都是公司業績穩健成長重要保障。公司的產能除了通過新建工廠、設備更新提升產能外,還可以通過員工人數和加班時間的控制保持一定的彈性,每年具體的產能的配置將根據當年訂單情況進行調整。維持“買入”評級。

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