研报掘金丨东方证券：维持万华化学“买入”评级，目标价96.36元

格隆汇2025-08-13

东方证券研报指出，万华化学二季度业绩环比持平，治理改善见成效。从单季度毛利看，25Q2为58.2亿元，环比25Q1减少9.5亿元。然而公司积极管控各项费用，使利润总额仅减少1.85亿元，归母净利基本持平。认为在公司经营思路发生重大变化的情况下，一旦全球宏观企稳，MDI与TDI等产品受益于良好的行业格局有望率先出现反弹，成为公司以业绩为导向的良好抓手，同时也能扭转市场对于公司悲观预期。由于万华在其中...

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