研報掘金丨浙商證券:天齊鋰業成長性明顯,龍頭優勢穩固,維持“買入”評級
浙商證券研報指出,天齊鋰業(002466.SZ)24年歸母淨利-79.0億元,同比由盈轉虧,扣非歸母淨利-79.2億元,同比由盈轉虧。鋰鹽銷量同比大增,精礦庫存同比下降。展望未來公司鋰精礦定價機制的階段性錯配也逐步減弱,公司精礦成本逐步貼近最新採購價格。公司澳大利亞二期鋰鹽項目終止,對於二期項目資產全額計提減值準備,公司在建工程和存貨跌價損失等資產減值合計21.1億元。公司旗下格林布什鋰礦成本優勢明顯,有望穿越鋰價週期,且三期擴產在即,公司成長性明顯,龍頭優勢穩固,維持公司“買入”評級。
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