研报掘金丨中邮证券：北化股份业绩拐点确立，首予“买入”评级

格隆汇2025-06-23

中邮证券研报指出，硝化棉需求增长供给收缩，北化股份业绩拐点确立。公司2025年经营目标为实现营收26亿元，预计同比增长34%，实现利润总额1.4亿元，预计同比增长412%。2025年一季度，公司实现营收4.44亿元，同比增长50%，实现归母净利润0.30亿元，同比增长365%，主要是主要原因是硝化棉产品、防化产品的收入规模增加所致，业绩拐点已现。从中国海关数据来看，2024年中国硝化棉出口4.12...

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