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研報掘金丨中金:維持中材科技“跑贏行業”評級,上調目標價6%至17.7元
格隆匯 03-20 17:23

中金公司研報指出,中材科技(002080.SZ)24年歸母淨利潤同比-60%至8.9億元,扣非歸母淨利潤同比-80%至3.8億元,其中非經常性損益主要由政府補助貢獻,全年達6.4億元,公司扣非歸母淨利基本符合我們預期。4Q24玻纖及製品噸淨利企穩,底部蓄勢待發。2025年隨着高端品提價,認爲公司噸淨利環比修復彈性較大。考慮到公司玻纖、葉片業務提價,以及LowDK產品的放量,上調25e/26eEPS 14%/13%至0.9/1.1元。當前股價對應25e/26e 16x/14x P/E。維持“跑贏行業”評級,考慮到LowDK業務對公司綜合估值的提升,上調公司目標價6%至17.7元。

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