建筑中报综述:利润整体承压 化学工程等增速快

国泰海通证券
Aug 31, 2025

本报告导读:八大建筑央企净利润增速2024 年和2025H1 为-11.7%、-11.8%,2025 上半年延续了2024 年承压的趋势。一带一路国际工程公司2025H1业绩增速整体下降。投资要点:建筑业2025H1收 入/净利润/ROE下降,负债上升。(1)建筑行业2025H1和2024 年:收入增速-5.9%、-3.9%,归母净利润增速-6.6%、-16.1%,ROE6.3%、6.8%,负债率...

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