研報掘金丨國海證券:維持榮盛石化“買入”評級,年度營收同比保持穩定
國海證券研報指出,2024年石化行業利潤持續承壓,榮盛石化(002493.SZ)營收同比保持穩定。整體來看,國際供應鏈的不確定性仍將影響我國原油進口及產品定價體系,我國石化行業仍處於調整週期,利潤空間持續承壓,從而影響公司利潤水平。據公司2024年年報,浙石化年產1000噸α-烯烴中試裝置投產,為POE全產業鏈貫通奠定基礎;10萬噸/年稀土順丁橡膠裝置試生產成功,標誌着公司在綠色輪胎材料領域邁出重要一步。此外,永盛科技25萬噸功能性聚酯薄膜擴建項目已全部順利投產,盛元二期50萬噸差別化纖維項目,主要生產阻燃、功能性、免染纖維產品,也在積極推進過程當中。公司作為民營煉化行業龍頭,持續加碼新材料項目提高產品附加值,延續成長性,維持“買入”評級。
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