研报掘金丨华鑫证券：予金禾实业“买入”评级，看好后续安赛蜜行业的景气度修复

格隆汇2025-09-12

华鑫证券研报指出，金禾实业上半年实现归母净利润3.34亿元，同比增长35.29%。其中2025年第二季度单季度实现归母净利润0.92亿元，同比下降21.70%、环比下降61.85%。甜味剂行业在经历前几年的激烈价格战后，进入“反内卷”的协同稳价新阶段，公司作为代糖龙头，盈利能力迎来拐点。三氯蔗糖价格的大幅反弹直接推动公司食品添加剂业务毛利率同比提升18.1个百分点至45.20%，是上半年公司业绩...

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