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研报掘金丨华创证券:中天科技利润有望保持高速增长,首予“推荐”评级

Research reports digging gold丨Huachuang Securities: jiangsu zhongtian technology is expected to maintain high-speed profit growth, first "recommended" rating.

Gelonghui Finance ·  Oct 15 03:58

Huachuang Securities' research report pointed out that Jiangsu Zhongtian Technology (600522.SH) is a leading enterprise in submarine cables. Based on the current orders and project progress, it is expected that the intensive delivery period of domestic submarine cables will arrive in 2025. In addition, the European offshore wind cable orders obtained in 2023 will be delivered one after another starting in 2025, and profits are expected to maintain high-speed growth. It is estimated that the company's EPS for 2024-2026 will be 1.0/1.2/1.3 yuan per share, with corresponding PEs of 15/13/11 times. Referring to comparable company valuations, a 15 times PE for the company in 2025 corresponds to a target price of 17.3 yuan, and an initial coverage is given a "recommended" rating.

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