金吾财讯 | 国金证券发研报指，信义光能(00968)2025年2月28日发布2024年年报，2024年实现公司权益持有人应占盈利10.08亿元，其中24H2为-8.02亿元，位于业绩预告区间内。改好表示，供给低位叠加需求快速增长，光伏玻璃价格及盈利有望显着修复。24H2以来光伏玻璃供给端下降至较低水平，近期随下游组件排产提升，光伏玻璃3月新单报价上涨2元/平。由于光伏玻璃供给端弹性较弱，预计1-2个月内潜在增量仅为堵窑口产能恢复，较春节前在产产能低点提升不超过10%，显着低于组件排产环比增幅，光伏玻璃库存将快速下降，价格及盈利有望显着修复。该行续指，基于当前该行对光伏玻璃行业价格及盈利的判断，调整公司2025-2026年归母净利润预测至23.9、33.1亿元，新增2027年归母净利润预测38.8亿元，当前股价对应25-27年PE为12/8/7倍，对应PB仅0.95倍。光伏玻璃价格拐点已现，公司产能份额最高、未来份额有回升空间，维持买入评级及重点推荐。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.