机🙁(ji)构🕐(gou)：东⤴(dong)吴👥(wu)证👒(zheng)券💠(quan)研💧(yan)究💝(jiu)员🚺(yuan)：周🍳(zhou)尔🧖(er)双♌(shuang)[投⚡(tou)资😧(zi)要👌(yao)点🍜(dian)国🏰(guo)内🥪(nei)装🌮(zhuang)载🏦(zai)机😴(ji)龙🐩(long)头🙋(tou)，国🛬(guo)际😰(ji)化📐(hua)&拓⏩(tuo)品🈂(pin)类🐢(lei)开😸(kai)启📍(qi)新⚡(xin)征🔍(zheng)程🔌(cheng)公🎬(gong)司🏃(si)成🙄(cheng)立🥡(li)于🌦(yu)1958 年🤬(nian)，以🔱(yi)装😒(zhuang)载📇(zai)机🚡(ji)起🌪(qi)家🔼(jia)并🍑(bing)稳🆗(wen)居🎰(ju)行🚝(xing)业👾(ye)龙🤕(long)头🚦(tou)地📷(di)位➖(wei)
2000 年🥟(nian)后👆(hou)公⛅(gong)司🛴(si)开🎉(kai)始🗼(shi)扩🍑(kuo)展😦(zhan)产🕝(chan)品💣(pin)品😴(pin)类🦒(lei)，横⏩(heng)向🍱(xiang)布🚸(bu)局📸(ju)挖⌚(wa)掘🛫(jue)机🤑(ji)、起🧟(qi)重🤺(zhong)机🏽(ji)、路🎦(lu)面🐋(mian)机👥(ji)械🐀(xie)等🤵(deng)产🌯(chan)品💓(pin)和🎙(he)相🚰(xiang)关🕛(guan)零🔕(ling)部🆙(bu)件🆑(jian)。2022-2023 年🔡(nian)行🤴(xing)业🐓(ye)下⌚(xia)行🌷(xing)期📎(qi)间⏮(jian)公🌭(gong)司🏇(si)进⛩(jin)行🥪(xing)多💑(duo)品📣(pin)类☔(lei)&国🎱(guo)际🚃(ji)化🏨(hua)拓🐢(tuo)展🛴(zhan)，积🏟(ji)极🎲(ji)布🤧(bu)局❇(ju)如🗺(ru)高🕶(gao)空🦏(kong)作💂(zuo)业😤(ye)机🎞(ji)械🎪(xie)、起🔠(qi)重🏤(zhong)机😓(ji)械🏞(xie)等🌲(deng)新🥚(xin)兴🖐(xing)板🔋(ban)块🐊(kuai)，并📼(bing)加🎎(jia)大⏩(da)国㊙(guo)际🍙(ji)化🍺(hua)扩🛏(kuo)张😊(zhang)力📋(li)度🧗(du)，对🥊(dui)冲🌄(chong)国👴(guo)内✅(nei)下👿(xia)行🕎(xing)周🆗(zhou)期👹(qi)，2023 年♒(nian)海😝(hai)外♓(wai)收📤(shou)入🐖(ru)占🤗(zhan)比💾(bi)达🤳(da)到😌(dao)42%。截☔(jie)至🃏(zhi)2023 年📂(nian)底🗯(di)，公📬(gong)司🌗(si)已😌(yi)成🍝(cheng)为🍑(wei)国🌊(guo)内🍰(nei)装🥖(zhuang)载💸(zai)机👏(ji)市🎊(shi)占🚶(zhan)率🎋(lv)第🌦(di)一🤑(yi)、全😷(quan)品🚩(pin)类🗒(lei)布🥛(bu)局🆘(ju)的🐠(de)国🚜(guo)际💹(ji)化📷(hua)工🌑(gong)程🦊(cheng)机🎉(ji)械🌗(xie)龙☔(long)头🚋(tou)企🔱(qi)业🐆(ye)。2023年➕(nian)公🌮(gong)司📷(si)营👥(ying)收⛔(shou)/净🕖(jing)利♐(li)润👄(run)为🕳(wei)275.2 /8.7 亿🍭(yi)元🆚(yuan)，同🗳(tong)比👻(bi)+3.9%/ +44.9%；2015-2023 年🚪(nian)CAGR 为🚡(wei)20.1%/59.2%。在🔍(zai)国🏦(guo)际🔸(ji)化🌏(hua)突🐗(tu)破🏴(po)和🐒(he)混👹(hun)改🛃(gai)后🧠(hou)降🐠(jiang)本😈(ben)增🤰(zeng)效💄(xiao)加🛤(jia)持Ⓜ(chi)下👌(xia)，公🎇(gong)司🦐(si)净🔗(jing)利👗(li)润🤝(run)年🔽(nian)复📞(fu)合👰(he)增🦆(zeng)速🥅(su)远🤳(yuan)超🙏(chao)收🕚(shou)入🤢(ru)增♍(zeng)速⌛(su)。2024Q1 公💱(gong)司❣(si)盈🌴(ying)利😸(li)能〽(neng)力🦗(li)进😉(jin)一🏣(yi)步🥗(bu)改🎍(gai)善🕐(shan)，销🤷(xiao)售🥒(shou)毛🐯(mao)利🎋(li)率🏃(lv)/净😬(jing)利💬(li)率⤵(lv)分🧣(fen)别🛋(bie)为🤩(wei)22.8%/6.5%，同✂(tong)比🔥(bi)分🥌(fen)别🔓(bie)+4.0/2.3pct。引🍖(yin)领🍓(ling)全🔫(quan)球🥍(qiu)装🌊(zhuang)载🐐(zai)机🏞(ji)电🚛(dian)动🌄(dong)化🚖(hua)进🚥(jin)程🍴(cheng)，挖🎹(wa)掘🆓(jue)机🌐(ji)渠🏐(qu)道🏝(dao)变🈴(bian)革✴(ge)逆👗(ni)势🚝(shi)扩✅(kuo)张🔈(zhang)公😇(gong)司💼(si)为🏷(wei)国🦋(guo)内👐(nei)土🛳(tu)石🦄(shi)方🔋(fang)机💟(ji)械🔓(xie)龙🐩(long)头💘(tou)，核💺(he)心🥣(xin)品😋(pin)类🕊(lei)装🛵(zhuang)载🥄(zai)机🍋(ji)和🛋(he)挖🍩(wa)掘🥘(jue)机😗(ji)成🎛(cheng)长🎙(chang)性🐨(xing)凸📷(tu)显🏩(xian)：①装😏(zhuang)载⛓(zai)机💵(ji)：装🈹(zhuang)载⏹(zai)机📩(ji)下👷(xia)游❗(you)应📽(ying)用😐(yong)场🚨(chang)景👳(jing)主😽(zhu)要💞(yao)为🍎(wei)钢📓(gang)铁🌱(tie)厂🧟(chang)、矿✂(kuang)山🍼(shan)、物🎟(wu)流🥢(liu)、港🗼(gang)口🍮(kou)等🥇(deng)，工🈁(gong)作🐸(zuo)地🤼(di)点🚀(dian)固🏚(gu)定🚰(ding)、设🎍(she)备🧓(bei)相🔄(xiang)对🙅(dui)集👐(ji)中🍹(zhong)，充📁(chong)电🖱(dian)站🚷(zhan)建💍(jian)设⚪(she)难🕥(nan)度🎒(du)较🗒(jiao)低🔽(di)，同🏩(tong)时🥈(shi)电🛐(dian)动⛵(dong)装🌧(zhuang)载⬜(zai)机📸(ji)环🧡(huan)保🌏(bao)属⬇(shu)性💲(xing)强🧓(qiang)、全🈲(quan)生🖊(sheng)命🗓(ming)周🥕(zhou)期🌤(qi)成🐅(cheng)本🧡(ben)低🕒(di)、经🥢(jing)济🥈(ji)性😟(xing)强🈺(qiang)。易🥞(yi)充🕞(chong)电🐷(dian)+成👥(cheng)本🕕(ben)低🌡(di)驱🍟(qu)动😛(dong)电🔕(dian)装👓(zhuang)国🦉(guo)内🤰(nei)渗⤵(shen)透🕎(tou)率🐑(lv)提🏿(ti)升🥂(sheng)速👵(su)度➕(du)快🦖(kuai)，2024M4 国👤(guo)内🏜(nei)电🚇(dian)动♎(dong)装🔖(zhuang)载🌨(zai)机🍯(ji)销🌴(xiao)量📈(liang)940 台🍓(tai)，渗🧘(shen)透📔(tou)率🦑(lv)18%，同💘(tong)比💮(bi)+14pct，远🚹(yuan)期🉐(qi)来🙄(lai)看🔲(kan)国🔔(guo)内👱(nei)电🍀(dian)装🦕(zhuang)渗🚆(shen)透📀(tou)率😈(lv)有♒(you)望🌽(wang)达🐙(da)到😧(dao)80%。公🙇(gong)司🎢(si)以🤽(yi)装🌏(zhuang)载🤕(zai)机✡(ji)起💐(qi)家📖(jia)，经🔨(jing)过😛(guo)50 多💷(duo)年🖤(nian)的🥫(de)积👫(ji)累✈(lei)和🎣(he)沉🍬(chen)淀🛏(dian)，2023 年💙(nian)装📯(zhuang)载🖼(zai)机🏉(ji)市🕹(shi)占👓(zhan)率🍕(lv)超💹(chao)过📔(guo)20%，稳🆎(wen)居🆚(ju)行🧜(xing)业🏽(ye)第👆(di)一👡(yi)qie 🍼(qie)gong 💬(gong)si 🔓(si)dian 👴(dian)dong 🚹(dong)hua 🤾(hua)zhuang 😲(zhuang)zai 😘(zai)ji 🚌(ji)bu ⏭(bu)ju 🐻(ju)zao 🎃(zao)，2023 nian 🐪(nian)dian 🐽(dian)zhuang 👍(zhuang)shi ⌚(shi)zhan 👉(zhan)lv 🍏(lv)30%+，gong 🌲(gong)si ➡(si)zuo ⌛(zuo)wei 🗿(wei)dian 🌒(dian)zhuang 🏢(zhuang)xing 🐿(xing)ye 😊(ye)long 🧠(long)tou 🛀(tou)you 🏈(you)wang 🖨(wang)chong 🔴(chong)fen 🛵(fen)shou 🕒(shou)yi 🗡(yi)yu 🚷(yu)dian 💅(dian)dong 🍎(dong)hua 💲(hua)shen 🚪(shen)tou 🐂(tou)lv 📧(lv)ti 😷(ti)sheng 📣(sheng)。②wa 🍷(wa)jue 😸(jue)ji 💕(ji)：2022 nian 🥃(nian)gong 🕧(gong)si 🐸(si)qian 🔺(qian)zhan 👟(zhan)xing 🙎(xing)jin 🏞(jin)xing 🎑(xing)qu 🌬(qu)dao 💎(dao)bian ⛹(bian)ge 🧓(ge)，wei 🏫(wei)chi 💶(chi)chan 🔍(chan)pin 💹(pin)jia ⏯(jia)ge 〰(ge)，ti 🕠(ti)zhen 🆚(zhen)qu 📉(qu)dao 🛩(dao)xin 🍂(xin)xin 🦃(xin)，zai 😐(zai)xing 😒(xing)ye 🕺(ye)xia 🔁(xia)xing 🐺(xing)qi 💰(qi)jian 📹(jian)qi 😨(qi)he 🤵(he)guo 😪(guo)nei 🛩(nei)xiao 📀(xiao)wa 🔪(wa)ti 💍(ti)qian 🍹(qian)fu 🍃(fu)su 👃(su)qu 🐔(qu)shi 👯(shi)，shi 😄(shi)xian 🔟(xian)shi 📝(shi)zhan 😊(zhan)lv 🕛(lv)ni 💋(ni)shi 🏜(shi)ti 🍒(ti)sheng 🚱(sheng)。2023 nian 🐊(nian)gong 👍(gong)si ⛓(si)wa 🌿(wa)jue 🥖(jue)ji 💐(ji)shi 🛬(shi)zhan 🥜(zhan)lv 💬(lv)11%，tong 😜(tong)bi 🖥(bi)ti 💷(ti)sheng 😠(sheng)3-4pct。zhan 🛀(zhan)wang 🕓(wang)wei 🈴(wei)lai 🍯(lai)，gong 💉(gong)si 🎛(si)zai 🤱(zai)wa 📽(wa)jue 🍸(jue)ji 🚵(ji)ling ⏸(ling)yu 😙(yu)de 📃(de)qu 🛡(qu)dao 💟(dao)you 🚾(you)shi 🧚(shi)yi 🧜(yi)jing 🐂(jing)ji 🛷(ji)ben 🤰(ben)wen 🐆(wen)gu 🐤(gu)、ti 🥦(ti)qian 🥏(qian)bu 👊(bu)ju 😩(ju)guo 🛅(guo)si 🤩(si)chan ♒(chan)pin 💛(pin)ju 🎦(ju)bei 💩(bei)cheng 🥑(cheng)ben 🧤(ben)you 🎗(you)shi 🏼(shi)，jing 😦(jing)dai 🆔(dai)guo 🦁(guo)nei 👀(nei)shang 🗻(shang)xing 🐯(xing)guai 🚞(guai)dian 🥨(dian)dao 🏫(dao)lai 🕍(lai)。hun 🚗(hun)gai 🕕(gai)da 💋(da)fu 📲(fu)ti 📥(ti)sheng ➗(sheng)jing 🍲(jing)ying 🤛(ying)zhi 📃(zhi)liang 😤(liang)，gu 🤢(gu)quan 🔲(quan)ji 🌋(ji)li 🖨(li)&ke 📹(ke)zhuan 🥧(zhuan)zhai 👧(zhai)ti 📄(ti)sheng 🕡(sheng)zong 🤽(zong)he 🕔(he)jing 🔢(jing)zheng 🦎(zheng)li ⛑(li)2022 nian 🚊(nian)gong 🐩(gong)si 🐎(si)wan 🌞(wan)cheng 🛬(cheng)hun 👶(hun)gai 💮(gai)bing 🕑(bing)shi 🥩(shi)xian 🕔(xian)zheng 📲(zheng)ti 🕓(ti)shang 🔭(shang)shi 🤢(shi)，hun 🎩(hun)gai 🚜(gai)wan 🐰(wan)cheng 🥓(cheng)hou 💒(hou)lu 🔙(lu)xu 🤲(xu)fa ⬜(fa)bu 😐(bu)gu ⛔(gu)quan 🐜(quan)ji 🅿(ji)li 🤥(li)he 👪(he)ke 🍟(ke)zhuan 👘(zhuan)zhai 🚿(zhai)kuo ⏰(kuo)zhang 🚺(zhang)chan 🦒(chan)neng ♏(neng)、sheng 🏁(sheng)ji 🖱(ji)zhi 🙎(zhi)hui 🙀(hui)gong 🏀(gong)chang 📸(chang)、ji 👽(ji)fa 🐞(fa)yuan 🗜(yuan)gong 🧝(gong)ji 🌲(ji)ji 🥤(ji)xing 🐽(xing)，zong 🎣(zong)he 🍼(he)jing 🍈(jing)zheng 🤓(zheng)li 👫(li)da 🕞(da)fu ⛩(fu)zeng 🚝(zeng)qiang 👏(qiang)：①gu 🍈(gu)quan 💰(quan)ji 🏉(ji)li 🤤(li)：bang ⛰(bang)ding 💤(ding) 974 ming 🛺(ming)gao 🎙(gao)guan 🥈(guan)ji ♓(ji)he 🔩(he)xin 🍈(xin)gu 🙎(gu)gan 🐳(gan)ji 📰(ji)shu 🕷(shu)ren 🌎(ren)yuan 🙊(yuan)，ye ⚫(ye)ji 🙇(ji)kao 🔳(kao)he 🗂(he)zhi 🎤(zhi)biao 🍃(biao)ju 🐈(ju)jiao 📆(jiao)jing 🗑(jing)ying 🕡(ying)zhi 🌪(zhi)liang 😡(liang)，mu 💇(mu)biao 🧣(biao)wei 🐰(wei)2024-2026 nian 🈳(nian)gong 🥛(gong)si 😭(si)ROE bu ⏪(bu)di 📭(di)yu 🥔(yu)6.0%、6.5%he 🛋(he)7.0%，zhang ⏩(zhang)xian ✌(xian)gong 🔔(gong)si 🎲(si)fa 🔍(fa)zhan 🚺(zhan)xin 🎥(xin)xin 😂(xin)。②ke 🍙(ke)zhuan 🗑(zhuan)zhai 🎪(zhai)30 yi ⏯(yi)yuan 🗼(yuan)yong 🐵(yong)yu 🔤(yu)gong 🍡(gong)chang 💹(chang)sheng 🐖(sheng)ji 🐮(ji)、ling ⏯(ling)bu 🛶(bu)jian 😟(jian)chan 🕟(chan)neng 🍿(neng)kuo 🏇(kuo)zhang 🔕(zhang)、“san 👸(san)hua 💕(hua)”yan 👬(yan)fa 🚟(fa)。wa 🥫(wa)jue 🔑(jue)ji 🎞(ji)xiang 🧜(xiang)mu 🏾(mu)tou 🍃(tou)chan 🕰(chan)hou ⚪(hou)gong 🍅(gong)chang 🎩(chang)jiang 🆙(jiang)sheng ⛺(sheng)ji 🔶(ji)wei 🚺(wei)zhi 🔉(zhi)hui 😆(hui)gong 🌠(gong)chang 🔏(chang)qie 😁(qie)zhong ⛳(zhong)da 🏾(da)xing 🗡(xing)wa 🐒(wa)jue 🚻(jue)ji 🐅(ji)shi 🛏(shi)xian 🐒(xian)chan 🔪(chan)neng 😇(neng)fan 🛏(fan)bei 🤠(bei)；zhuang 🥋(zhuang)zai 📸(zai)ji 🍲(ji)xiang 🔞(xiang)mu 📶(mu)tou 🤥(tou)chan 🎨(chan)hou ✂(hou)bu 🎴(bu)ju 👍(ju)da 👗(da)xing 🆘(xing)zhuang 🏏(zhuang)zai 🖌(zai)ji 🏍(ji)ti 🕦(ti)sheng 🥩(sheng)jing 🌒(jing)zheng 🎂(zheng)li 🎅(li)；zhong 🕸(zhong)yuan 👷(yuan)ye 🐗(ye)ya 👞(ya)ye 🎣(ye)wu 👿(wu)xin ⛄(xin)gong 🈂(gong)chang ❓(chang)quan 😩(quan)mian 🌩(mian)tou 🎋(tou)chan ⚾(chan)hou 🌡(hou)ye 🥍(ye)ya 🐠(ya)ling 🎈(ling)bu 🕓(bu)jian 🔔(jian)chan 🤗(chan)neng 🚤(neng)da 👥(da)fu 🐆(fu)kuo 🍗(kuo)zhang 👶(zhang)，ling 🗽(ling)bu 🔍(bu)jian 🚚(jian)zi 👚(zi)zhi 🚯(zhi)lv 🔑(lv)ti 📠(ti)sheng 🏷(sheng)you 🦒(you)zhu 🥖(zhu)yu 📦(yu)jiang 🏎(jiang)ben 🕑(ben)zeng 🌈(zeng)xiao 🦆(xiao)，zong 🗨(zong)he 🤯(he)jing 🛺(jing)zheng 📳(zheng)li 👑(li)jin 🥋(jin)yi ⛑(yi)bu 🍊(bu)zeng 🔈(zeng)qiang 🚓(qiang)。ying 😘(ying)li 🔇(li)yu 🍿(yu)ce 🉐(ce)yu 📼(yu)tou 👍(tou)zi 🅿(zi)ping 🎷(ping)ji 😑(ji)：gong 👦(gong)si 👳(si)wei 📈(wei)guo 🐓(guo)nei 🗑(nei)tu 🧗(tu)shi 📰(shi)fang 🔜(fang)ji 🚎(ji)xie 🎣(xie)long 📐(long)tou 🎙(tou)，hun 🌘(hun)gai 🌋(gai)hou 🚎(hou)ding 🎨(ding)wei 🧗(wei)guo 📋(guo)ji 💛(ji)hua 🏁(hua)、tuo 🕣(tuo)pin 🚥(pin)lei 🤗(lei)kai 〽(kai)shi 🈚(shi)xin 🖤(xin)zheng 🍝(zheng)cheng 🎊(cheng)。wo 👀(wo)men ❄(men)yu 🍌(yu)ce 🧔(ce)gong 🍻(gong)si 🥢(si)2024-2026 nian 🕓(nian)gui 🔄(gui)mu 🌷(mu)jing 🈚(jing)li 😛(li)run 🥋(run)fen 🌆(fen)bie 🏇(bie)wei 🕹(wei)14.6/19.4/27.3 yi 🔖(yi)yuan 🔀(yuan)，dang 🍷(dang)qian 📶(qian)shi 🏍(shi)zhi 😘(zhi)dui 🐳(dui)ying 🗝(ying)2024 nian ⏩(nian)-2026 nian 💦(nian)PE fen 👎(fen)bie 🖍(bie)wei 🛒(wei)15/11/8bei 🍯(bei)，shou ✨(shou)ci 🍜(ci)fu 🤾(fu)gai 👧(gai)gei ❤(gei)yu 🤚(yu)“mai 🤪(mai)ru ⤴(ru)”ping ⬛(ping)ji 🎙(ji)。feng 🧓(feng)xian 🔢(xian)ti 🌯(ti)shi 📝(shi)：guo 💥(guo)nei 🖌(nei)xing 🎺(xing)ye 🙌(ye)xu 🌗(xu)qiu ⏹(qiu)hui 💨(hui)nuan ⛔(nuan)bu 🗾(bu)ji 🔙(ji)yu 💜(yu)qi 🌱(qi)、xing 🍤(xing)ye 🖼(ye)jing 😞(jing)zheng 👳(zheng)jia 🌼(jia)ju 😷(ju)、chu 🚮(chu)hai 🎖(hai)bu 👊(bu)ji 🚤(ji)yu 🛠(yu)qi ⛎(qi)。