研報掘金丨山西證券:中航沈飛持續受益於下遊高景氣度,維持“買入-A”評級
山西證券研報指出,中航沈飛(600760.SH)24年歸母淨利潤爲33.94億元,同比增長12.86%。2024年四季度實現營收175.40億元,同比增長50.99%,實現歸母淨利潤15.76億元,同比增長145.19%。Q4營收和淨利潤高速增長。2024 年公司加強裝備現代化管理體系建設,深化落實低成本可持續發展,2024年毛利率同比提升1.52個百分點達到12.47%,淨利率同比提升1.46個百分點達到7.97,提質控本增效顯著。新一代隱身戰機殲-35的空軍型和艦載型需求巨大,同時殲-15系列作爲具備多用途能力的三代機仍將長期作爲艦載機主力,具備持續增量需求,公司將持續受益於下遊高景氣度。維持“買入-A”評級。
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