三一国际Early stage of earnings recovery+attrac

招银国际
Jun 09, 2025

一、公司整体展望SANY International(631HK)预计将在2025年回归增长轨道,主要得益于稳定的需求和新兴业务的良好表现。CMBIGM的报告指出,尽管联合采煤单元(CCMU)销售相对较弱,但大型港口设备和国内矿用卡车的强劲增长将弥补这一不足。此外,新兴业务板块的亏损在可控范围内(约2-2.5亿元人民币),这将缓解市场担忧。二、各业务板块分析在国内市场,煤矿固定资产投资(FAI)的...

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