东吴证券给予禾望电气买入评级：新能源业务驱动高增，传动有望受益AIDC增长

Core Viewpoint - Dongwu Securities issued a report on August 8, giving Hewei Electric (603063.SH, latest price: 39.25 CNY) a buy rating based on several growth drivers and competitive advantages [2] Group 1: Growth Drivers - The growth of the new energy electric control business is driving overall growth, and the full product line coverage supports international expansion [2] - The company possesses leading advantages in high-power technology, indicating significant potential in the transmission business [2] Group 2: Cost Management - The company demonstrates strong cost control capabilities, with a stable decrease in the period expense ratio [2]