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研報掘金丨申萬宏源:維持興發集團“增持”評級,轉型升級之路逐步鋪開
格隆匯 03-12 17:09

申萬宏源研究指出,當前興發集團(600141.SH)主業磷化工景氣度較高且具備持續性,中短期業績足以支撐高分紅,特種化學品板塊有望逐步放量提供增量業績,有機硅與草甘膦板塊雖仍處歷史底部,但具備邊際改善或階段性行情的可能,屆時公司將呈現可觀的業績彈性。考慮到磷化工持續高景氣,草甘膦、有機硅價格底部,公司未來將致力於做大做強磷基、硅基和硫基材料以及微電子材料等新材料業務,產業鏈和技術優勢領先,轉型升級之路逐步鋪開,新材料業務板塊利潤佔比逐步提升,維持“增持”評級。

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