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研報掘金丨中泰證券:友發集團加強海內外佈局,維持“買入”評級

中泰證券研報指出,友發集團(601686.SH)2025Q1實現歸母淨利潤1.33億元,同比增9680.17%,環比降59.10%。公司是行業唯一一個2000萬噸級別的焊接鋼管生產製造企業,擁有“友發”和“正金元”兩個品牌,已經形成天津、唐山、邯鄲、陝西韓城、江蘇溧陽、遼寧葫蘆島、雲南玉溪、安徽臨泉八個生產基地。2024年儘管公司焊接鋼管產銷量略有下降,但遠優於國內行業總體降幅,在焊管行業內的品牌影響力和龍頭地位持續鞏固加強。公司積極佈局海外市場,重點調研東南亞和中東市場,計劃在三年內完成國內佈局,十年內完成海外佈局,通過與當地企業長期戰略合作,提升全球競爭力和品牌影響力。此外,公司鼓勵全員持股,加大獎勵激勵,體現合作共生。維持公司“買入”評級。

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