公 司 研 究 / 公 司 深 度 | 基础数据: | 2025 年 09 月 30 日 | | --- | --- | | 每股净资产（元） | 3.24 | | 资产负债率% | 65.52 | | 总股本/流通 A 股（百万） | 3,010/3,002 | | 流通 B 股/H 股（百万） | -/- | 买入（维持） | 市场数据： | 2026 年 03 月 30 日 | | --- | --- | | 收盘价（元） | 30.56 | | 一年内最高/最低（元） | 41.58/8.73 | | 市净率 | 9.4 | | 股息率%（分红/股价） | - | | 流通 A 股市值（百万元） | 91,728 | | 上证指数/深证成指 | 3,923.29/13,726.19 | 注："股息率"以最近一年已公布分红计算 一年内股价与大盘对比走势： -200% 0% 200% 400% 03-31 04-30 05-31 06-30 07-31 08-31 09-30 10-31 11-30 12-31 01-31 02-28 东阳光 沪深300指数 (收益率) 相关研究 《东阳光（600673） ...

Core Viewpoint - Dongyangguang is the only company in South China with a complete fluorochlorinated chemical industry chain, positioning itself as a leader in the domestic market [1] Industry and Company Summary - By 2025, the company is expected to acquire approximately 60,000 tons of quotas through direct acquisition and purchasing from peers, maintaining its position in the top tier of the domestic market [1] - The company possesses independently developed core technologies and has competitive advantages in regional presence, customer resources, industry chain, and technology, while actively preparing for fourth-generation refrigerant technology [1] - In the first half of 2025, with support from the Wuhan municipal government, the company led the establishment of Guanggu Dongzhi in collaboration with Shanghai Zhiyuan, Beiwuyuan, and Lingchu Intelligent, marking its entry into the smart robotics sector [1] - Based on comparable company valuations, a 2026 price-to-earnings (PE) ratio of 61 times is assigned, corresponding to a target price of 34.77 yuan, with a recommendation to "increase holdings" [1]