研報掘金丨國盛證券:維持歌爾股份“買入”評級 收購結構件精密製造企業深化垂直整合能力
國盛證券研報指出,歌爾股份擬斥資95億元人民幣收購米亞精密和昌宏實業。在AI技術的推動下,新興智能硬件產品持續發展,其材料性能、美觀度與精細化程度不斷提升,對精密結構件等零組件的要求日益提高。標的公司在精密金屬結構件領域具備行業領先競爭力,在金屬/非金屬材料加工、精細化表面處理等領域擁有深厚核心技術積累,且與行業領先客戶長期合作,營收和資產規模可觀。此次收購滿足公司戰略發展需求,將提升公司在精密結構件領域的綜合競爭力,深化垂直整合能力,鞏固與行業領先客戶的戰略合作,並推動主營業務的長期健康發展。公司持續深耕於消費電子領域,具備從精密零組件到智能硬件整機的垂直整合能力,深度綁定大客戶共成長。維持“買入”評級。
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