中联重科(01157)今日盘中大跌5.10%，引发了市场的广泛关注。
此次股价波动与公司最新发布的2026年第一季度业绩报告密切相关。报告显示，公司期内实现营业收入129.52亿元，同比增长6.89%，但归母净利润仅为8.84亿元，同比大幅下降37.30%，呈现出明显的“增收不增利”态势。同时，公司的财务费用、销售费用和管理费用（三费）合计占营收比重同比上升明显，严重侵蚀了利润空间。
此外，花旗此前已将中联重科从“90日上行催化剂观察名单”中移除，并预期公司今年首季业绩将受外汇损失拖累而表现疲弱，指出股份短期存在下行风险。尽管公司境外收入保持增长，但核心盈利能力的显著下滑仍是导致市场信心受挫、股价承压下跌的主要原因。
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