里昂发表报告指,中芯(00981.HK) 上季业绩远胜预期。目标价53.1元。评级“跑赢大市”。
报告指,中芯上季营收处于指引目标的上限,而毛利率则好过指引目标。公司预测2025年第一季营收按季增长6至8%,远好过市场预期跌3.4%。毛利率指引目标亦高于预期。该公司指出2025年的营收增长将高于业界平均值,而资本支出料与2024年的73.3亿美元大致持平,较市场预期高出33%。
报告指,中芯上季纯利按季下跌28%至1.08亿美元,远差过市场预期的2.08亿美元,主要是受到少数股东权益增加1.63亿美元的负面影响。(ha/u)(港股报价延迟最少十五分钟。沽空资料截至 2025-02-11 16:25。)
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