研报掘金丨东吴证券：中直股份盈利质量总体稳健，维持“买入”评级

Core Viewpoint - Dongwu Securities report indicates that Zhongzhong Co., Ltd. achieved a net profit attributable to shareholders of 373 million yuan in the first three quarters of 2025, representing a year-on-year increase of 4.32% [1] Financial Performance - The overall profitability quality is stable, and the profit structure continues to optimize, although facing short-term pressures [1] - The asset-liability structure is generally stable, with good operational efficiency and asset quality maintained [1] Cash Flow and Future Outlook - Excluding seasonal factors and the settlement characteristics of the military industry, the overall cash flow matching is gradually improving, laying a foundation for future performance release [1] - The rating is maintained at "Buy" [1]