研報掘金丨國信證券:維持小商品城“優於大市”評級,新市場招商貢獻業績增量
國信證券研報指出,小商品城日前發佈2025上半年業績預告,預計實現歸母淨利潤16.3-17億元,同比增長12.57%-17.4%,其中Q2季度預計實現8.27-8.97億元,同比增長12.5%-22%,整體表現穩健。短期而言,全球數貿中心(市場板塊)計劃在今年10月正式開業,新的面積增量、租金及中標費用將增厚業績表現,驅動業績進入新一輪擴張期。中長期看,公司已成爲全球貿易服務商,數字貿易平臺及跨境支付等新興業務有望爲公司注入長期增長潛力,同時公司作爲進口貿易創新發展試點單位有望分享進口貿易繁榮的機遇。考慮公司全球數貿中心的市場部分計劃在10月份開業,有望爲四季度貢獻業績增量,維持“優於大市”評級。
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