研報掘金丨中銀證券:鵬鼎控股上半年營收利潤取得增長,維持“買入”評級
中銀證券研報指出,2025年上半年鵬鼎控股有效降本同時穩步推進產品結構優化,上半年營收利潤取得增長,維持“買入”評級。公司預計2025年上半年實現營收163.75億元,同比+24.74%,預計實現歸母淨利潤11.98-12.60億元,同比+52.79%-60.62%。2025上半年,公司持續進行成本管控、製程改善、強化自動化生產,降低生產成本,伴隨產品結構變化,產能利用率提升,新產品線良率穩步提升,同步助推公司利潤成長。iPhone618手機熱銷,公司消電基本盤持續穩健。公司投資者關係活動記錄表顯示,2025Q1,公司汽車及服務器用板營收同比增長81.3%,仍呈快速增長趨勢。公司持續與服務器終端客户展開積極合作,目前主流客户也在加快推進相關工作。同時,泰國園區第一期項目已建成,正在進行客户認證及打樣階段,預計下半年小批量投產。考慮公司上年業績同比增長顯著,經營持續向好,AI產業鏈佈局有望深度協同,雙向驅動。
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