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研报掘金丨东北证券：中国通号在手订单充足，首予“买入”评级

Research Report Nuggets丨Northeast Securities: China Stock Exchange has sufficient orders in hand and is the first to receive a “buy” rating

Gelonghui Finance ·  Apr 15 03:52

According to the Northeast Securities Research Report, China Connect (688009.SH)'s net profit for 23 years was 3.477 billion yuan, -4.30% over the same period last year. The company has sufficient orders in hand, and the growth rate of new overseas business contracts is remarkable. By the end of 2023, the company had orders of 168.831 billion yuan. In terms of the railway “four power” business, the company seizes opportunities, plans ahead of schedule, rationally deploys, and promotes overall upgrading. It has successively carried out more than 10 projects in Ningbo, Tianjin, Shenzhen, Changchun, Hefei, Shanghai, Suzhou, Wuhan and other cities, stabilizing its leading position in the industry. The bank expects the company to achieve net profit of 38.72, 42.11, and 4.593 billion yuan from 2024 to 2026, covering it for the first time and giving it a “buy” rating.

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