方正证券:首予中集集团"推荐"评级,海洋工程+AI数据中心微模块双轮驱动

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【方正证券:首予中集集团"推荐"评级,海洋工程+AI数据中心微模块双轮驱动】方正证券研报指出,中集集团集装箱基本盘稳固,海洋工程+AI数据中心微模块双轮驱动。公司产业集群涵盖物流与能源两大领域,公司客户覆盖全球集运公司、半挂车及专用车主机厂、能源化工企业、机场与消防机构、数据中心运营商等。AI算力投资高景气带来数据中心快速部署需求,中集依托集装箱制造平台与中集数字能源13余年预制模块化数据中心经验,具备"工厂预制+全球化交付"的差异化能力,数据中心微模块有望成为公司继传统装备之后的第二增长曲线,贡献显著的订单与业绩弹性。考虑到公司传统业务稳健,数据中心模块化等新兴业务正处于拓展期,有望形成新的弹性贡献,首次覆盖,给予"推荐"评级。

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