研報掘金丨中信建投:中聯重科業績彈性值得期待,維持“買入”評級
中信建投研報指出,2024年中聯重科(000157.SZ)營收同比微降,主要系國內週期下滑影響,海外市場實現30%以上高增,營收佔比突破50%。分業務來看,土方機械實現增長,高機增長20%,農機實現翻倍以上增長,新興業務表現亮眼。公司盈利能力穩定提升,淨利潤實現增長,剔除股份支付費用影響,歸母淨利潤同比增長14%。展望2025年,預計工程機械行業將迎來國內、海外共振向上,公司多元化、國際化持續突破,股份支付費用壓力變小,業績彈性值得期待。維持“買入”評級。
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