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上海港湾(605598.SH)：公司属于建筑行业的“科技股”

Shanghai Harbor (605598.SH): The company is a “technology stock” in the construction industry

Gelonghui Finance ·  Sep 7, 2023 07:55

Gelonghui September 7?Shanghai Harbor (605598.SH) inIt was indicated at the investor relations event thatDue to the division of the plate, the market still limits the company to the perspective of construction enterprises. The low valuation of traditional construction stocks is due to weak profitability and poor cash flow, but the company belongs to the "technology stocks" of the construction industry, and is even praised by CCTV as an upgraded version of "made in China". The company is determined to lead the global technological change in the soft foundation industry, relying on technological advantages to create and provide sustainable value. Foundation treatment belongs to concealed engineering, and different geology deals with different buildings with customized characteristics, so the level of gross profit margin is higher than that of ground engineering. At the same time, the foundation treatment link is at the front end of the project, accounting for a small proportion of the total project investment, the implementation cycle is relatively short, generally 3-12 months, and most of the company's customers are well-known enterprises at home and abroad, with good commercial credit and abundant capital protection. so often have a better cash flow performance. With the perfect layout of markets in Southeast Asia, the Middle East, Latin America and Eastern Europe, long-term income and net interest rates are expected to usher in a double upward trend of scarcity in the traditional construction industry.

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