研报掘金丨华源证券：首予卫星化学“买入”评级，优质轻烃一体化企业，业绩弹性显著

格隆汇07-10

华源证券研报指出，卫星化学是优质轻烃一体化企业，业绩弹性显著。2026年上半年，在行业景气提升的背景下，公司业绩体现出较大的弹性，预计实现归母净利润60-70亿元，同比增长119%-155%；预期后续随油价中高位波动，公司业绩将继续维持较好水平。公司C2业务具有供应链壁垒，低成本优势显著；公司C3业务具有规模效应，景气有望维持较好水平。预期随着产品附加值的提升，公司综合竞争力有望逐步增强。选取...

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