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研報掘金丨國投證券:維持京東方A“買入-A”評級,目標價4.75元
格隆匯 04-17 14:37

國投證券研報指出,京東方A(000725.SZ)2024年歸母淨利潤53.23 億元,同比增長108.97%;2025年一季度公司實現歸母淨利潤16億元-16.5億元,同比增長63%-68%。2024年顯示行業整體呈現“弱增長、再平衡”格局,公司在半導體顯示領域龍頭地位穩固。2025年一季度,中國大陸“以舊換新”政策延續,海外市場客户備貨,部分需求提前釋放,TV類產品、智能手機類產品均受益明顯。公司創新產品多點開花,進一步穩固公司行業龍頭地位。給予25年20倍PE,對應六個月目標價4.75元,維持“買入-A”投資評級。

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