智通财经APP获悉，信义光能(00968)涨超3%，截至发稿，涨3.08%，报3.68港元，成交额1.75亿港元。
消息面上，交银国际指出，公司2024年收入/归母净利219亿元/10.1亿元（人民币，下同），略超业绩预告中值，同比降9%/74%，下半年亏损约8.0亿元。光伏玻璃收入下降12%至188亿元，销量增长10%，平均售价下跌20%，同时期末计提1.6亿元存货减值并因提前冷修多座窑炉计提3.9亿元固定资产减值，导致全年毛利率降14个百分点至7.6%(2H24为-9.0%)，剔除减值影响后为10.5% (2H24为-2.6%)。光伏发电收入增12%至30亿元，全年毛利率下降1.2个百分点至67.3%，但2H24同比提高2.3个百分点至68.9%。剔除减值及2.2亿元汇兑损失后，测算2H24仅亏损0.3亿元。
花旗指出，信义光能全年业绩受太阳能玻璃价格大幅下调和减损损失拖累。不过，由于公司将新订单价格上调每平方米2元人民币，随着太阳能玻璃销售价格上涨，其利润率预计从3月起改善，且预计今年上半年太阳能玻璃供应将紧张。公司预料今年需求年增长率将为0%至10%。该行将公司今年纯利预测上调24%。维持信义光能“中性”评级，目标价由3.6港元上调至3.65港元。
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