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研報掘金丨長江證券:中國中車經營繼續穩中向上,維持“買入”評級
格隆匯 04-02 15:18

長江證券研報指出,中國中車(601766.SH)24年歸母淨利潤123.88億元,同比增長5.77%;Q4歸母淨利潤51.43億元,同比下降7.51%,環比增長68.93%。鐵路裝備板塊景氣上行,動車組營收和鐵路維保業務釋放。分地區來看,2024年國內市場營收2181.20億元,同比+5.61%,佔比88.5%;海外其他國家或地區營收283.37億元,同比+2.18%,佔比11.5%。2024年鐵路裝備業務中鐵路裝備修理改裝業務收入417.83 億元,營收進一步增長。截至2024年底,公司在手訂單3181億元,同比增長18%。訂單處於歷史高位,預計2025年經營繼續穩健增長。展望2025年,動車組高級修第一次招標已經落地,2025年動車組業務有望繼續增長,且機車業務有望改善,疊加戰新產業的發展,公司經營繼續穩中向上。維持“買入”評級。

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