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研報掘金丨東吳證券:大金重工業績同比高增,維持“買入”評級
東吳證券研報指出,大金重工預計25H1公司歸母淨利潤5.1~5.7億元,同比增長193~228%;預計Q2歸母淨利潤2.8~3.4億元,同比+131~180%,環比+21~180%。Q2出海環比增長,單噸淨利維持高位,匯兌收益貢獻增量業績。本年度海外項目交付量較上年同期大幅增加,同時,公司出口樁基產品交付模式轉變爲附加值更高的DAP模式,帶動公司整體盈利顯著提升。其次,公司海外項目以外幣結算爲主,因匯率波動,對公司匯兌損益產生了一定積極影響。此外,波羅的海地區某海風項目單樁產品全部交付完畢。考慮公司出貨同比高增,具備超預期可能性,以及匯兌收益表現較好,上調盈利預測,維持“買入”評級。
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