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研報掘金丨天風證券:三花智控新業務放量在即,維持“買入”評級
格隆匯 03-28 17:33

天風證券研報指出,三花智控(002050.SZ)24年歸母淨利潤31.0億元,同比+6.10%;24Q4歸母淨利潤8.0億元,同比+4.71%;公司擬每10股派息2.5元,現金分紅總額9.3億元,對應分紅比例30%。展望2025年,國補續作背景下,公司作爲全球最大的製冷控制元器件製造商,以及全球領先的汽車熱管理系統控制部件製造商,有望持續獲取下遊訂單增量,帶動收入端穩健增長。公司業務多元拓展,長期具備成長動能。家電領域持續實現優質增長,汽零業務客戶分佈不斷拓展、全球訂單持續釋放,推進海外工廠建設助力全球化佈局。同時,公司新業務放量在即,未來有望逐步構建儲能、機器人等部品的供應實力,構築多元增長曲線。維持“買入”評級。

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