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研報掘金丨中金:福耀玻璃業績符合預期,維持AH股“跑贏行業”評級
格隆匯 03-19 14:29

中金公司研報指出,福耀玻璃(600660.SH)24年歸母淨利潤爲74.98億元,同比+33%;Q4歸母淨利潤爲20.19億元,同比+34%,環比+2%。業績符合市場預期。分業務看,2024 年汽車玻璃收入357.12 億元(yoy+19.5%),浮法玻璃收入59.61 億元(yoy+4.4%),高附加值產品(智能天幕、鍍膜玻璃等)佔比同比+5.02pct 至59%。海外擴產方面,公司公告增加北美工廠4億美元投資,用於增加汽車玻璃及浮法玻璃產能,另外匈牙利子公司落地東歐,實現歐洲客戶就近配套,全球化產能網絡進一步完善。我們看好公司全球市佔率提升,經營韌性強。A股維持跑贏行業評級和68.50元目標價,H股維持跑贏行業評級和66.50港元目標價。

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