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研報掘金丨申萬宏源研究:維持太陽紙業“買入”評級,成本控制優於同行
格隆匯 06-24 15:35
申萬宏源研究指出,太陽紙業新增產能即將密集投產,增厚公司底部利潤。中長期維度,公司漿紙多品種佈局對抗週期擾動,林漿紙一體優化成本,逆週期產能投放收穫景氣改善紅利,卓越戰略眼光持續貢獻超額收益。管理為行業標杆、人才梯隊穩健,團隊穩定,凝聚力和員工自驅力強大,精益管理提升生產效率, 成本控制優於同行。此外,公司採取自營林和百姓合作林雙模式推進,短期內計劃每年新增1萬公頃以上的林地種植面積,強化林漿紙一體化優勢。維持“買入”評級。
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