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研報掘金丨國盛證券:首予蘇美達“買入”評級,“供應鏈+產業鏈”雙鏈驅動

國盛證券研報指出,蘇美達“供應鏈+產業鏈”雙鏈驅動,員工激勵機制成熟,業績韌性彰顯。公司爲國機集團重要成員企業,深入踐行“雙循環”戰略,以“供應鏈+產業鏈”雙鏈驅動,公司近年營收有所波動,主要系供應鏈板塊受大宗商品價格波動影響營收下降,產業鏈板塊拉動利潤總額穩健增長。公司股權結構穩定,核心管理層均兼管業務子公司,具備豐富管理經驗,且均長期在公司內任職,穩定性較強。展望後續供應鏈業務企穩,產業鏈板塊業績或將持續釋放,首次覆蓋給予“買入”評級。

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