研報掘金丨平安證券:維持金力永磁“推薦”評級,行業景氣提升,業績大幅增長
平安證券研報指出,金力永磁2025年上半年歸母淨利潤3.05億元(同比+154.81%);Q2實現歸母淨利潤1.44億元(同比+703.06%,環比-10.03%)。原材料價格回暖驅動毛利率邊際抬升,上半年稀土價格穩中有升,以鐠釹金屬為例,根據中國稀土行業協會數據,2025年7月平均價格為58萬元/噸,較2025年1月平均價格50萬元/噸上升約16%。公司規劃建設先進的具身機器人電機轉子生產線,初具一定的規模化量產能力。2025年上半年公司已有小批量產品的交付,機器人領域有望成為公司未來重要的業務增長點之一。新能源及機器人領域驅動下,稀土永磁需求有望持續增長,公司相關領域佈局加速推進,未來優質產能落地有望加速釋放業績增長彈性。維持“推薦”評級。
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