研报掘金丨华西证券:维持安联锐视“买入”评级,进一步实施机器人产业战略布局
Ge Long Hui A P P·2025-11-26 05:42

Core Viewpoint - Allianz's investment in Anxing Yulian and the establishment of Yuanqi Lianan further implement the robotics industry strategy, positioning the company for significant growth in the coming years [1] Group 1: Company Strategy - The company is currently at a critical stage of steady development in its traditional security business while making strategic breakthroughs in the robotics sector [1] - The establishment of joint ventures indicates a commitment to expanding its footprint in the robotics industry [1] Group 2: Financial Outlook - If sanctions can be lifted by early 2026, the company is expected to see a notable increase in performance, driven by the recovery of foreign trade business leading to higher revenue and net profit [1] - The release of bad debt losses from accounts receivable, once sanctions are lifted, will contribute to profit growth [1] - The company demonstrates both short-term performance resilience and long-term growth potential [1] Group 3: Investment Rating - The profit forecast is maintained, and a "buy" rating is upheld based on the company's strategic positioning and expected financial recovery [1]