研報掘金丨國泰君安:維持中信特鋼“增持”評級,上調目標價至15.9元
國泰君安研報指出,2024年中信特鋼(000708.SZ)實現營收1092.03億元,同比下降4.22%,實現歸母淨利潤51.26 億元,同比下降10.41%,公司業績符合預期。面對行業需求下行,公司積極調整產品結構,持續提升高端產品的佔比,同時不斷降本、加大研發,保持了行業領先的業績水平。2024年公司推動落實482個降本項目,提升經營、生產、決策等工作效率。公司旗下各企業關鍵生產技經指標穩步提升,興澄特鋼電爐成本、大冶特鋼轉爐成本、青島特鋼一鍊鋼成本壓降均超9%。考慮到同行業公司估值水平的上升,參考同類公司,給予公司2025 年15倍PE 進行估值,上調公司目標價至15.9元(原13.92元),維持“增持”評級。
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