东吴证券给予中国西电买入评级：业绩符合市场预期，经营改善多元发展

Group 1 - The core viewpoint of the report is that Dongwu Securities has given a "buy" rating for China Xidian (601179.SH) at a latest price of 6.68 yuan, based on several growth factors [2] - The first growth driver is the strong foundation built by UHV (Ultra High Voltage) and power transmission and transformation, leading to continuous improvement in transformer profitability [2] - The second growth curve for the company is driven by distribution networks and international expansion, with accelerated development in the power electronics business [2] - The company maintains high R&D investment and has seen significant growth in inventory levels [2]