研报掘金丨国盛证券：华菱钢铁上半年业绩大幅改善，维持“买入”评级

Core Viewpoint - Hualing Steel's performance significantly improved in the first half of the year, with expectations for continued high growth in the future [1] Company Performance - The company focuses on the manufacturing of mid-to-high-end plates, with ongoing optimization of its product structure [1] - The improvement in profitability is anticipated due to the gradual implementation of demand recovery in the industry and reduction restructuring [1] Valuation Insights - The report indicates that there is significant room for valuation recovery, referencing the company's valuation changes over the past three years [1] - The central valuation area over the past five years corresponds to a market value of approximately 52.1 billion, while the high valuation area corresponds to a market value of approximately 81.1 billion [1] - The recommendation to maintain a "buy" rating reflects confidence in the company's future performance [1]