民生证券研报指出长飞光纤2025H1实现归母净利润2.96亿元同比减少21.71%。业绩短期承压关注新型光纤产品应用。电

智通财经
Sep 04
民生证券研报指出长飞光纤2025H1实现归母净利润2.96亿元同比减少21.71%。业绩短期承压关注新型光纤产品应用。电信市场需求放缓主营业务提质增效。公司紧抓市场结构性机遇大力拓展新型光纤产品的广泛应用。根据微软、谷歌、META、亚马逊等四大北美云端服务供应商发布的信息该等公司2025年第二季度资本开支总额约为美元958亿元同比增长约64%全年需求展望乐观。国内外数据中心的持续建设将带动公司相关产品需求稳健增长。公司各项业务稳健发展同时伴随数据中心需求演化公司有望核心受益。预计公司2025-2027年归母净利润分别为9.82/10.38/11.06亿元对应PE倍数为70x/66x/62x。维持“推荐”评级。

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