中国心连心化肥(1866.HK):短期业绩波动不改长期价值

国证国际
20 May

25 年一季度中国心连心化肥实现营业收入58.5 亿元,同比增长1.7%,归母净利润2.0 亿元,同比下降30.0%。我们认为短期业绩波动不改长期价值,预计25-27年净利润达到10.0/17.6/26.0 亿,同比变化-32%/+76%/+48%。维持目标价6.5港元,为25 年的7.4 倍预测市盈率,距离现价有49%上涨空间,买入评级。报告摘要一季度净利润下降。25 年一季度中国心连心化肥实现...

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