研报重点内容总结:
永新股份发布2023年中报,公司产业链一体化布局,盈利能力稳健提升。公司彩印和塑料薄膜业务增长稳健,且公司积极开拓海外市场,彩印销量受原材料价格影响呈下降趋势,薄膜业务受原材料价格影响较大。公司加强国际合作,外销表现靓丽。此外,公司毛利率水平维持在较高位置,净利率水平有所提高。盈利预测与投资评级为“买入”,维持“买入”评级。
report summary:
Yingxin Securities Research Institute issued a report on yuanlong chemical, and the company's earnings increased steadily in 2023上半 年. The company's revenue reached 16.05 billion yuan, up 4.7% from a year ago, and its net profit reached 1.77 billion yuan, up 20.0% from a year ago. The company's caiyu business expanded overseas, and the company's产业链一体化布局 improved its盈利能力. The company's caiyu and plastic film business showed a steady growth, but the pressure from the decline in oil prices also affected the company's earnings. The company's sales and marketing efforts remained strong, and its foreign sales also showed a promising performance. The company's gross margin and net profit margin both increased, mainly due to the stable cost structure, low-carbon growth, and foreign high-margin businesses. The company also actively expanded its overseas market and improved its产业链 layout. Looking at the future, the company's caiyu and plastic film business is expected to grow steadily, and the company's foreign sales will also continue to expand, pushing its profit margins higher.
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