研报掘金丨国盛证券：首予苏美达“买入”评级，“供应链+产业链”双链驱动

格隆汇2025-07-07

格隆汇7月7日｜国盛证券研报指出，苏美达“供应链+产业链”双链驱动，员工激励机制成熟，业绩韧性彰显。公司为国机集团重要成员企业，深入践行“双循环”战略，以“供应链+产业链”双链驱动，公司近年营收有所波动，主要系供应链板块受大宗商品价格波动影响营收下降，产业链板块拉动利润总额稳健增长。公司股权结构稳定，核心管理层均兼管业务子公司，具备丰富管理经验，且均长期在公司内任职，稳定性较强。展望后续供应链业务...

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