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研報掘金丨長江證券:海大集團長期成長邏輯通順,看好2025主業業績高增
格隆匯 05-16 14:57

長江證券研報指出,海大集團(002311.SZ)2024年實現歸母淨利潤45.0億元,同比增長64.3%;2025年一季度實現歸母淨利潤12.8億元,同比增長49.0%。看好公司2025主業業績高增,長期成長邏輯通順。水產價格中樞2024年底部回升,2025年至今整體價格運行維持強勢,養殖端投苗和存塘恢復將帶動公司國內水產料增長。飼料出海中長期空間大、格局優,後續將有力支撐公司主業業績增長。預計2025/2026年公司主業業績38.5/46.0億元,養殖業務給予100億元估值,對應當前公司主業估值21X/18X,持續重點推薦。

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