华安证券研报指出，山东威达为电动工具配件领先企业，多业务布局打开成长空间。经历2022-2023年连续下滑后，2024年全球电动工具市场大幅回升，实现同比正向增长，全年出货量同比增长24.8%达到5.7亿台。公司产品涵盖钻夹头、新能源储能锂电池包、PCBA板、开关、精密铸造件等，客户包括史丹利百得、TTI等全球品牌，已提前多年进行全球化布局，分别于越南、墨西哥、新加坡设立了海外子公司，提升了山东威达的品牌影响力，将有利于推动公司海外战略实施与海外订单的获取。公司扩展业务布局，打造新能源、高端智能制造两翼新业务。公司作为电动工具配件领先公司，多业务协同布局，有望受益于电动工具市场的复苏，首次覆盖给予“买入”评级。
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