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研報掘金丨華福證券:首予齊心集團“持有”評級,MRO工業品市場空間廣闊
格隆匯 07-22 17:06
華福證券研報指出,齊心集團是國內辦公集採領軍企業,長期受益B2B辦公集採市場持續滲透與份額提升,同時積極推進AI賦能運營和提升客户體驗;此外MRO工業品市場空間廣闊,未來通過提升專業服務能力和供應鏈整合,有望成為核心增長驅動力,並改善整體盈利水平。自有品牌加強與優質國潮IP合作,提升高附加值產品佔比,有望成為新的增長點。預計公司2025-2027年收入增速分別為11%、9%、8%,歸母淨利潤增速分別為70%、41%、37%,對應EPS分別為0.15元、0.21元、0.29元,目前股價對應25年PE為48x,首次覆蓋給予“持有”評級。
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