国金证券给予海兴电力买入评级，短期业绩承压，海外布局持续深化

Group 1 - The core viewpoint of the report is that Guojin Securities has given a "buy" rating to Haixing Electric (603556.SH) based on its strong performance in smart distribution and renewable energy sectors [2] Group 2 - In the smart distribution business, Haixing Electric is deepening its overseas strategic layout while maintaining a solid domestic foundation [2] - The renewable energy business is showing gradual results from incubation, with improvements in system integration and solution capabilities [2]