According to the research reports of Changjiang Securities, the global competitiveness of China's shipbuilding industry has been improved, and the profit center of this round of cycle is expected to exceed the historical level. China CSSC (600150.SH) and the upswing of the large cycle resonate, taking a leading advantage. The company's net income attributable to non-parent has turned losses into profits in Q1 2024, and the annual report for 2023 and Q1 report in 2024 have shown that the turning point of profit has appeared. With the centralized delivery period of orders in the future, the profitability is expected to improve quarter by quarter. Currently, the company has orders in hand and new orders for ship delivery schedule until 2028. We maintain a “buy” rating and continue to recommend it.
研报掘金丨长江证券：维持中国船舶“买入”评级，盈利能力有望逐季改善
Research Reports Digging Gold | Changjiang Securities: Maintaining a "Buy" rating on China CSSC, with profitability expected to improve quarter by quarter.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.