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研報掘金丨華鑫證券:維持柳工“買入”評級,整體經營質量持續提升

華鑫證券研報指出,2025年上半年,柳工延續良好發展態勢,預計實現歸母淨利潤11.80億-12.79億元,同比增長20%-30%,展現出較強的盈利能力。在國內市場,受益於設備更新政策紅利及行業需求回暖,公司土方機械業務增速領跑行業,充分把握了市場機遇。與此同時,面對海外市場的複雜環境,公司積極優化全球佈局,憑藉"全面國際化"戰略的深入推進,在歐洲及新興市場實現高質量增長,有效對衝了部分區域的市場波動。通過國內國際業務的協同發展,公司整體經營質量持續提升,爲全年業績增長奠定了堅實基礎。維持“買入”投資評級。

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