公司深度报告:美的集团ToB业务拆分报告(1):智能建筑科技——内销抢外资份额+液冷需求旺盛,外销空间广阔

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Jan 19

美的集团(000333)美的智能建筑科技业务有望持续带动公司利润持续增长,维持“买入”评级美的集团整体经营业绩稳健,ToB业务深度布局多个高潜力赛道,培育新增长曲线,盈利能力持续向好。由于2025Q4美的落实对收购公司的并表与整合,推进库卡欧洲人员优化,预计将给公司带来一次性计提的费用,我们下调全年盈利预测,预计公司2025-2027年归母净利润为440.5/477.1/531.0亿元(前值为...

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