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研報掘金丨國聯證券:予衛星化學“買入”評級,C2產品盈利進一步改善
格隆匯 03-25 17:34
國聯證券研報指出,衛星化學(002648.SZ)24年實現歸母淨利潤60.72億元,同比增加26.77%。其中,2024Q4實現歸母淨利潤23.79億元,同比增加72.61%,環比增加45.36%。受益於原材料價格持續回落,公司C2產品盈利進一步改善。C3產品盈利持續承壓,2024Q4盈利有所修復。伴隨高附加值產品陸續投放,公司盈利能力有望進一步提升,中長期具有較強成長屬性。看好公司C2產業鏈成本優勢帶來的豐厚利潤以及新項目投產爲公司帶來的高成長性。預計2025-2027年歸母淨利潤分別爲71億元/92億元/111億元。給予公司“買入”評級。
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