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研報掘金丨信達證券:奧瑞金二片罐盈利底部、改善可期,三片罐盈利優異

信達證券研報指出,奧瑞金預計25H1實現歸母淨利潤8.50-9.60億元、同比增長55.1%-75.2%;其中25Q2單季實現度歸母淨利潤1.85至2.95億元、同比下降31.2%至增長9.6%。公司25Q2二片罐業務受行業單罐價格偏低影響、壓力持續擴大,三片罐業務保持穩定貢獻利潤。我們認爲行業格局優化,二片罐價格協同提價空間較大,靜待盈利拐點到來。公司作爲國內金屬包裝行業龍頭,擁有穩健的三片罐利潤基本盤,二片罐則有望隨行業格局優化、盈利改善開始明顯反彈,方向上看判斷公司業績具備較大彈性。

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