华安基金：央企或有估值抬升空间

Core Viewpoint - The ongoing reform of state-owned enterprises (SOEs) is expected to lead to a revaluation, enhancing the core functions and competitiveness of these enterprises [1] Group 1: State-Owned Enterprise Reform - Continuous advancement in state-owned enterprise reform is anticipated to optimize the layout and structural adjustments of the state economy [1] - The assessment indicators for central SOEs have been refined, shifting from "two profits and four rates" to "one profit and five rates," which emphasizes efficiency and cash flow [1] Group 2: Investment Opportunities - Central SOEs have historically faced low valuations, with market valuations not aligning with their economic status [1] - With improved market management and profit quality, central SOEs are expected to present further investment opportunities [1]