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研報掘金丨中泰證券:紫金礦業業績有望迎來量價齊升,維持“買入”評級
格隆匯 04-02 14:30

中泰證券研報指出,紫金礦業(601899.SH)24年實現歸母淨利潤321億元,同比+52%;24Q4實現歸母淨利潤77億元,同比+55.3%,環比-17%。全年看各項費用控制均較好,管理費用增幅不顯著,主要是股份支付費用增加,財務費用自2023年的33億下降至2024年的20億,主要是低息負債置換高息負債導致,預計2025年費用仍有進一步下行空間。未來持續發展基礎不斷夯實。公司同步披露了25年主要產品產量計劃。另外,近幾年公司分紅率相對穩定,股東回報可觀。看好本輪銅價上升持續性,公司業績有望迎來量價齊升,維持“買入”評級。

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