研報掘金丨中郵證券:中國巨石Q2業績超預期,產品結構優勢顯著
中郵證券研報指出,中國巨石預計2025年半年度實現歸母淨利潤16.5億元至17億元,同增71.65%至76.85%;Q2單季度歸母淨利潤爲9.45億,同比增長54.7%,扣非淨利潤爲9.31億,同比增長102.3%,業績超預期。結構高景氣持續,AI需求爆發值得期待:展望下半年,判斷在風電、熱塑領域仍將維持較高景氣度,同時AI領域需求爆發將會帶來Low-DK/LowCTE電子布需求放量,公司一方面持續加強高端產品結構優勢,另一方面加強Low-DK電子布研發。傳統玻纖領域,25上半年中低端產品仍將面臨一定供給壓力,考慮到下半年新增產能趨緩,行業供給壓力有望緩解。
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