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研報掘金丨中原證券:尚太科技業績恢復增長,維持“增持”評級
格隆匯 03-19 17:37
中原證券研報指出,尚太科技(001301.SZ)業績恢復增長。2024年,公司實現營收52.29 億元,同比增長19.10%;營業利潤10.31 億元,同比增長18.13%;歸母淨利潤8.38億元,同比增長15.97%。主要受益於公司負極材料銷售規模大幅提升。2025 年1 月,商務部等印發《關於組好2025 年汽車以舊換新工作的通知》,進一步明確2025 汽車以舊換新補貼政策。疊加動力電池上游材料價格回落至相對合理區間,我國新能源汽車競爭力和性價比提升,總體預計2025 年我國新能源汽車仍將保存兩位數增長,對應動力電池及關鍵材料需求將持續增長。公司負極材料量增價跌,出貨增速顯著高於行業水平。此外,公司回購一方面顯示管理層發展信心,後續計劃如實施有助於提升員工積極性。目前估值相對行業水平合理,結合行業發展前景及公司行業地位,維持公司“增持”評級。
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