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研報掘金丨華鑫證券:首予東方電熱“買入”評級,進軍機器人電子皮膚

華鑫證券研報指出,東方電熱是國內最大的空調輔助電加熱器製造商、國內前二的新能源汽車PTC電加熱器企業、國內唯一量產動力類預鍍鎳材料的供應商。公司將聚焦三大業務方向,一是豐富汽車熱管理產品矩陣,由汽車熱管理零配件供應商轉型爲集成服務商,大幅提高單車價值量;二是發揮公司在汽車零配件、鋰電池外殼材料方面的技術積累和渠道優勢,聚焦機器人零部件、機器人材料兩大核心方向,與頭部技術團隊合作,打造拳頭產品;三是開發固態電池材料。2025年公司預計整體保持穩健,其中家電電加熱板塊保持平穩,新能源汽車PTC板塊保持高速增長,工業裝備板塊有所下滑,新材料板塊扭虧爲盈。另外,公司合作上海織識,拓展機器人電子皮膚業務。該行預計公司2025年業務保持穩健,同時積極拓展機器人業務,家電、汽車業務有望爲機器人業務帶來協同作用,首次覆蓋,給予“買入”投資評級。

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