开源证券给予华明装备“买入”评级，公司信息更新报告：重视股东回报延续高比例分红，海外营收同比高增

Group 1 - The core viewpoint of the article is that Huaming Equipment (002270.SZ) has been given a "buy" rating by Kaiyuan Securities due to its strong overseas revenue growth and dual attributes of growth and dividends [1] - The company reported significant year-on-year growth in overseas revenue in its Q3 2025 report, indicating robust performance [1] - The power equipment business continues to grow, supported by stable domestic demand and high growth in overseas demand [1] Group 2 - The domestic high-end market is expected to continue achieving breakthroughs, while the overseas market expansion is anticipated to yield positive results [1] - The article highlights the recent surge in the A-share market, surpassing 4000 points, marking a significant market revival after a decade of stagnation [1] - The technology sector is identified as a key driver reshaping the market, contributing to a new "slow bull" market pattern [1]