研报掘金丨华福证券：首予仙鹤股份“买入”评级，全产业链的纸基新材料平台

格隆汇08-10

华福证券研报指出，仙鹤股份二十载特种纸领军者，全产业链的纸基新材料平台。近年伴随广西、湖北两大林浆纸基地投产，公司已从多品类特种纸龙头升级为具备上游浆资源掌控能力的综合纸基新材料平台, 盈利稳定性和抗波动能力增强。随着特种纸行业的不断成熟与发展，近年开始面临需求结构外移、供给集中加速、竞争逻辑从单一纸种转向全产业链能力的转变。未来公司有望在高端电解电容器纸、变压器绝缘材料和芳纶纤维等更多高科技领域...

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