--- title: "《大行》瑞銀升信義光能目標價至 4.1 元續籲「買入」 料太陽能玻璃需求今年觸底" description: "瑞銀研究報告指出，信義光能 2025 年淨利潤預計將下跌 16.2% 至 8.45 億元人民幣，主要因需求疲弱導致銷量和盈利能力下降。該行下調 2026 至 2027 年每股盈利預測 8% 及 9%，但維持長期盈利預測不變，目標價由 4 港元上調至 4.1 港元，繼續維持「買入」評級，預計太陽能玻璃需求將於 2026 年觸底回升。" type: "news" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/277401871.md" published_at: "2026-03-02T03:26:25.000Z" --- # 《大行》瑞銀升信義光能目標價至 4.1 元續籲「買入」 料太陽能玻璃需求今年觸底 > 瑞銀研究報告指出，信義光能 2025 年淨利潤預計將下跌 16.2% 至 8.45 億元人民幣，主要因需求疲弱導致銷量和盈利能力下降。該行下調 2026 至 2027 年每股盈利預測 8% 及 9%，但維持長期盈利預測不變，目標價由 4 港元上調至 4.1 港元，繼續維持「買入」評級，預計太陽能玻璃需求將於 2026 年觸底回升。 瑞銀研究報告指，信義光能 (00968.HK) 2025 年淨利潤按年下跌 16.2% 至 8.45 億元人民幣 (下同)，表現因需求疲弱下銷量及盈利能力欠佳，以及與多晶矽及太陽能玻璃相關的 23 億元值虧損。撇除減值虧損，管理層估算去年核心純利約 22 億元。 該行下調 2026 至 2027 年每股盈利預測 8% 及 9%，以反映短期內的利潤率壓力及銷量疲弱。由於長期盈利預測維持不變，以現金流折現率計，目標價由 4 港元微升至 4.1 港元，維持「買入」評級，因該行認為太陽能玻璃供需情況很可能自 2026 年起見底回升，不斷上升的海外出貨比例亦有助抵消國內利潤率收縮影響。 ### Related Stocks - [00968.HK - 信義光能](https://longbridge.com/zh-HK/quote/00968.HK.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Assessing Scatec (OB:SCATC) Valuation After Barzalosa Solar Milestone And Recent Share Price Momentum | Scatec (OB:SCATC) has achieved financial close and begun construction on its 130 MW Barzalosa solar project in Colombia, | [Link](https://longbridge.com/zh-HK/news/277336647.md) | | Solar stocks crashed this week. Why the problems could last. | Tariffs are pinching margins, federal energy policies are a drag, and demand looks weaker than expected. | [Link](https://longbridge.com/zh-HK/news/277263572.md) | | Solar-powered truck charging gains ground on South Africa’s freight corridors | Solar-powered truck charging gains ground on South Africa’s freight corridors | [Link](https://longbridge.com/zh-HK/news/276976321.md) | | OMCO Solar Acquired by MacLean-Fogg, positioned for continued growth. | OMCO Solar, a US manufacturer of solar trackers, has been acquired by MacLean-Fogg, a family-owned manufacturing enterpr | [Link](https://longbridge.com/zh-HK/news/276904343.md) | | REG - IVZ II Solar Energy$ - Net Asset Value(s) | Invesco Solar Energy UCITS ETF has reported a net asset value (NAV) of $159,917,001.27 as of February 26, 2026, with 5,3 | [Link](https://longbridge.com/zh-HK/news/277154044.md) | --- > **免責聲明**：本文內容僅供參考，不構成任何投資建議。