协鑫科技(3800.HK):短期业绩承压 颗粒硅核心优势强化 静待行业拐点

西部证券
21 Jun

2024 年,光伏产业链价格大幅下跌,公司业绩短期承压。全年实现收入151.0亿元,同比下降55.2%;录得归母净亏损47.5 亿元,去年同期为盈利25.1亿元。尽管如此,公司凭借FBR 颗粒硅的技术优势,经营层面展现出强大韧性,自2024 年Q2 起实现季度环比持续减亏。颗粒硅逆势放量,市占率显著提升:在2024 年,公司多晶硅销量逆势增长24.7%至28.2 万吨,其中颗粒硅产量同比增长...

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