研报掘金丨爱建证券：首予金田股份“买入”评级，铜加工龙头开启创新增长

Group 1 - The core viewpoint of the article highlights that Jintian Co., Ltd. is the largest and most comprehensive producer of copper and copper alloy materials globally, with a complete industrial chain layout in copper processing [1] - By 2024, the copper processing capacity across eight major production bases in Ningbo, Jiangsu, Guangdong, and Vietnam is expected to reach 2.2 million tons, with copper product output at 1.916 million tons, leading the industry [1] - The company is also recognized as a leading domestic enterprise in rare earth permanent magnet materials, benefiting from the rapid growth in demand for high-end copper products, which presents new opportunities for the company [1] Group 2 - The company is positioned to enhance its market share in innovative copper processing, leveraging its three main advantages: high-end, international, and green [1] - The high-end copper processing capacity is being steadily released, resulting in stable increases in sales volume and profitability [1] - The report initiates coverage with a "buy" rating for the company, indicating positive future prospects [1]