研報掘金丨山西證券:三花智控業績預告靚麗,首予“買入-A”評級
山西證券研報指出,三花智控預告2025H1實現營收150.4-177.8億,同比增長10%-30%,歸屬於上市公司淨利潤爲18.9-22.7億,同比增長25%-50%。家電零部件高景氣度,對業績貢獻度較大。整體而言,在以舊換新背景下,Q2空調零售數據較爲出色,公司作爲龍頭顯著受益於市場的需求增長,預計增速較高。汽車零部件受益於標杆客戶的示範效應,訂單不斷拓展。此外,港股IPO 發行順利,募資淨額爲91.77億港元。募集資金可用於公司產能的全球化佈局,並把握全球範圍內的新商機,進一步夯實公司的綜合能力。首次覆蓋,給與“買入-A”評級。
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