研报掘金丨华福证券：首予华海药业“买入”评级，原料药需求端有望提振

格隆汇12-20

华福证券研报指出，考虑到华海药业(600521.SH)心血管及精神类原料药企业龙头地位及原料药-制剂一体化优势，首次覆盖给予“买入”评级。2023年国内原料药产业受22年疫情相关订单导致的高基数以及下游制剂厂商消化疫情期间的库存影响，包括公司在内的多家原料药企业业绩出现短期波动。当前原料药产量单月同比增长明显，24H1国内原料药产量同比回正，出口量持续增长，或意味着原料药去库存已接近尾声，需求端...

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