国泰海通|机械:雅鲁藏布江下游水电工程已获核准,6月挖掘机出口快速增长

国泰海通证券研究
Jul 21

报告导读:行业国内周期性复苏,出口景气度结构性改善,随着逆周期政策的逐步发力,行业景气度有望持续改善。投资建议:我们认为随着逆周期财政政策逐步发力和行业周期性向上,挖掘机国内销量增速有望继续回升。出口虽然面临一定的贸易摩擦风险,但是大部分工程机械主机厂美国敞口较小,处于风险可控状态,且龙头公司海外布局完善,逐步进入收获期。总体上,2025年行业机遇和挑战并存,机会大于风险。雅鲁藏布江下游水电工程...

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