研報掘金丨中信建投:中國西電盈利能力將有所改善,首予“增持”評級
中信建投證券研報指出,中國西電(601179.SH)2024H1扣非業績同比增加22.87%,實現較好增長。公司作為輸配電一次設備綜合龍頭,受益於電網投資建設加快,下游市場需求旺盛。行業景氣度高企,電網投資穩步提升,2024年1-7月電網投資完成額為2947億元,同比增長19.2%;沙戈荒大基地外送以及西南水電外送的需求下,特高壓建設剛性且持續。得益於行業高景氣,公司作為頭部企業,組合電器、變壓器等產品位居行業前列,預計2024下半年高壓產品訂單與交付將更為集中,公司盈利能力將有所改善。行業景氣度高企,公司作為一次設備綜合龍頭將充分受益,首次覆蓋給予“增持”評級。
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