---
title: "《大行》中金升南山铝业国际目标价至 52.59 元 中期业绩略胜预期"
description: "中金发布研究报告，南山铝业国际上半年收入同比增长 41%，纯利增长 124.2%，业绩略超预期。公司首次派发中期息，派息率约 20%。预计二期产能投放后将成为东南亚最大氧化铝生产商，提升市场影响力。上调今明两年净利润预测 7% 和 9%，目标价上调 58% 至 52.59 元，维持「跑赢行业」评级。"
type: "news"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/255713281.md"
published_at: "2025-09-03T04:12:51.000Z"
---

# 《大行》中金升南山铝业国际目标价至 52.59 元 中期业绩略胜预期

> 中金发布研究报告，南山铝业国际上半年收入同比增长 41%，纯利增长 124.2%，业绩略超预期。公司首次派发中期息，派息率约 20%。预计二期产能投放后将成为东南亚最大氧化铝生产商，提升市场影响力。上调今明两年净利润预测 7% 和 9%，目标价上调 58% 至 52.59 元，维持「跑赢行业」评级。

中金发表研究报告指，南山铝业国际 (02610.HK) 上半年收入按年增 41%；纯利增 124.2%，业绩略胜预期。公司考虑到目前稳健的财政状况，首次派发中期息，派息率约为 20%。

该行认为，南山铝业国际二期产能投放後，将成为东南亚最大的氧化铝生产商，有助进一步提升公司在该地区的市场影响力。考虑到公司产销增加和价格上升，上调其今明两年的净利润预测 7% 和 9%，分别至 3.74 亿及 5 亿美元，维持「跑赢行业」评级，目标价上调 58% 至 52.59 元。

### Related Stocks

- [02610.HK - 南山铝业国际](https://longbridge.com/zh-CN/quote/02610.HK.md)

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