研報掘金丨華西證券:中聯重科盈利能力有望持續提升,維持“買入”評級
華西證券研報指出,中聯重科(000157.SZ)24年實現歸母淨利潤35.2億元,同比增長0.4%,公司全年業績保持穩定。從盈利能力看,公司24年全年毛利率28.17%,較23年同期同比提升0.63pct,系公司海外收入佔比提升,且細分產品毛利率提升所致。看好公司長期的出海發展,在新興市場有望通過多品類帶來儲蓄收入增長。看好非挖機械需求築底,作爲產品線均衡的工程機械龍頭,公司業績有望實現較快反彈。同時在國內業務方面,公司加速端對端數字應用的深化。大力提升新興板塊數字化水平,充分發揮全流程數字化管控優勢,公司盈利能力有望持續提升。維持“買入”評級。
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