研報掘金丨國金證券:維持四川路橋“買入”評級,持續看好四川基建景氣
國金證券研報指出,四川路橋(600039.SH)披露2025年第一季度主要經營數據,Q1中標項目金額達346.81億元,同比增長18.87%。基建訂單佔比88%,同增28%,貢獻主要增量。根據《2025年四川省重點項目名單》,全年預計完成基礎設施重點項目280個、預計完成投資3483億元。四川是新時代西部大開發的核心區域,持續看好四川基建景氣。2025年公司發佈《未來三年股東回報規劃》,將2025-2027年的現金分紅比例進一步上調至不低於60%,據此預計2025年股息率達6.5%以上。維持“買入”評級。
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