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研報掘金丨東海證券:維持曠達科技“買入”評級,汽車內飾主業穩健增長
格隆匯 07-08 15:12

東海證券研報指出,曠達科技汽車內飾主業穩健增長,2024年員工持股首批解鎖落地。2024年業績達標凸顯經營韌性,主業穩健增長、新能源業務挑戰仍存。展望後市:2025年利潤端有望回暖。汽車內飾業務方面,2024年全年該業務毛利率同比-0.96pct,除合成革外,面料、座套等汽車用品毛利率均同比下滑,2025年隨着超纖仿麂皮等高毛利產品爬坡上量,公司內飾產品毛利率有望提升;新能源業務方面,2025H1限電情況尚未有實質性改善,後續公司將通過積極參與綠電市場化交易提升發電量,並優化運維以減少電量損耗,同時,加強與電網企業的協調合作,積極拓展電力消納渠道,以緩解限電影響。考慮到公司汽車內飾主業將持續受益於產品結構優化,疊加濾波器業務有望逐步形成第二增長極,維持“買入”評級。

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