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華泰證券:環衞機器人打開成長空間
華泰證券表示,現階段環衞仍屬於人力密集型行業,2024年玉禾田員工人數超9萬,僑銀股份、福龍馬員工人數均超5萬,玉禾田、僑銀股份、福龍馬、勁旅環境等主要公司人工成本佔總成本比例均超60%。近年來行業主要公司持續佈局環衞機器人領域,推動城市服務數字化轉型,同時多地政府出台無人環衞政策規劃。智慧環衞模式本質在於場景協同和人機一體化,玉禾田、僑銀股份等公司城市服務應用場景豐富。我們認為環衞機器人應用和迭代進程有望加速,看好環衞機器人應用帶來的城市服務數字化轉型機遇和業績增長空間。
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