研报掘金丨东海证券：首予盛德鑫泰“买入”评级，高端管材与汽车零部件双轮驱动

中金财经2025-11-24

东海证券研报指出，高端管材与汽车零部件双轮驱动，盛德鑫泰前景可期。在传统能源领域，作为超超临界电站锅炉用管的国内龙头，产品国产化率不断提高，火电业务营收占比高。在新能源领域，通过收购切入汽车轻量化赛道，产能逐步释放。财务表现亮眼，成长性突出：2023年和2024年营业收入增幅分别为64.1%和34.4%，2025年前三季度营收达23.25亿元。公司2025年第三季度ROE为13.44%，经营性活动...

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