研报掘金丨东海证券：首予汇得科技“买入”评级，认为未来公司将始终保持高质量成长轨道

Core Viewpoint - Huide Technology is a leading player in the polyurethane solutions sector, actively seizing industry trends [1] Group 1: Company Overview - Huide Technology's polyurethane production accounts for 10.9% of the total domestic output, ranking fourth in market share nationwide [1] - From 2019 to 2024, the company's polyurethane production and sales rate has consistently maintained above 98% [1] Group 2: Market Conditions - The downstream demand for the company remains robust, with key chemical raw material prices entering a downward trend [1] - The company has achieved full production capacity with its established facilities [1] Group 3: Future Outlook - The company is actively positioning itself in the environmentally friendly and recycled polyurethane market segment, indicating a commitment to sustainable growth [1] - Given the favorable market conditions and strategic initiatives, the company is expected to maintain a high-quality growth trajectory, leading to an initial "buy" rating [1]