You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
研報掘金丨天風證券:維持華利集團“買入”評級,多客戶優勢顯現
格隆匯 03-10 15:26

天風證券研報指出,華利集團(300979.SZ)目前是行業內比較優質製造商,吸引客戶跟公司合作。華利實行多客戶模式,使得能夠掌握市場動態,滿足客戶多元化需求公司擁有業界最爲全面的製鞋工藝技術和流程,開發能力和量產能力有明顯優勢。公司一直都在積極拓展新客戶,2024年公司也有新的客戶開始量產出貨。2024年公司已經有3個成品鞋工廠和1個鞋材工廠投產,未來3-5年,公司將在印尼及越南新建數個工廠並儘快投產。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。從其指引及庫存等較容易判斷客戶成長週期,對供應鏈訂單提供基本的預期信號。基於Adidas大中華區及On的FY25指引,未來我們樂觀預期其對供應鏈訂單的貢獻。維持“買入”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.
uSMART
Wealth Growth Made Easy
Open Account