---
title: "《大行》大摩：信義光能去年純利遜預期  撇除減值後經常性純利勝預期"
description: "大摩發表報告，指信義光能去年淨利潤按年跌 16% 至 8.45 億元人民幣，遜於預期，主要是 23 億元人民幣減值開支列入 2025 年業績。扣除此項，經常性盈利約 21 億元人民幣，勝於該行預期，毛利率回覆至 21.4%。該行給予其目標價為 3.4 港元，其評級為「增持」。"
type: "news"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/277402775.md"
published_at: "2026-03-02T04:18:25.000Z"
---

# 《大行》大摩：信義光能去年純利遜預期  撇除減值後經常性純利勝預期

> 大摩發表報告，指信義光能去年淨利潤按年跌 16% 至 8.45 億元人民幣，遜於預期，主要是 23 億元人民幣減值開支列入 2025 年業績。扣除此項，經常性盈利約 21 億元人民幣，勝於該行預期，毛利率回覆至 21.4%。該行給予其目標價為 3.4 港元，其評級為「增持」。

大摩發表報告，指信義光能 (00968.HK) 去年淨利潤按年跌 16% 至 8.45 億元人民幣，遜於預期，主要是 23 億元人民幣減值開支列入 2025 年業績。扣除此項，經常性盈利約 21 億元人民幣，勝於該行預期，毛利率回覆至 21.4%。該行給予其目標價為 3.4 港元，其評級為「增持」。

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