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研報掘金丨中金:維持日月股份“跑贏行業”評級,上調目標價至16.77元
格隆匯 03-06 16:42

中金公司研報指出,日月股份(603218.SH)作為行業頭部鑄件企業,預計公司2025年風電鑄件出貨量有望實現高於行業增速的增長,固定成本攤薄、產品結構優化和可能的鑄件產品提價有望帶來盈利端改善。2025年國內迎來風電交付大年,公司有望實現高於行業的出貨量增速,全年保持強勁交付節奏。另外,認為公司2025年有望在產品結構上受益於大型化陸風和海風鑄件佔比提升、精加工產品的出貨增長。同時,我們預計隨着公司出貨量的增長也有望帶動單位固定成本下降。整體來看,公司2025 年風電鑄件利潤率提升空間可觀。維持“跑贏行業”評級,考慮到板塊估值已切換至2025年,上調目標價7.6%至16.77元。

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