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研報掘金丨國金證券:中航成飛業績實現穩健增長,維持“買入”評級
格隆匯 03-28 16:57

國金證券研報指出,中航成飛(302132.SZ)24年實現歸母淨利潤1.12億(同比+14.4%)。公司年度利潤分配方案爲擬向股東每10股派發現金股利0.14元,成飛完成資產重組後,總股本從5.91億股增加爲26.77億股,階段性表觀每股股利攤薄,後續將恢復高分紅水平。預計2025年全年營業收入超過800億元,業績實現穩健增長,體現中航成飛強大發展韌性。“1+1+N”(政府+龍頭企業+配套企業)融合發展,“鏈主”與“鏈屬”企業高效協同;產業鏈多家公司已邁過1到100產業化發展階段,爲未來成熟產品批產、新產品研發突破提供優渥技術和工業基礎,產能建設有望逐步進入收穫期,盈利能力有望持續提升。考慮到公司在我國航空裝備領域的稀缺性和獨特的科創屬性,維持“買入”評級。

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