花旗：中集安瑞科(03899)商业航空业务快速发展 予“买入”评级 目标价9.5港元

Core Viewpoint - Citigroup's report indicates that CIMC Enric (03899) has outperformed the Hang Seng Index in the past month, primarily due to the rapid development of its commercial aviation business [1] Group 1: Business Performance - The company is expected to see a recovery in its clean energy and chemical businesses in a low-interest-rate environment [1] - According to management, the company's relevant business revenue has exceeded 100 million RMB this year, with 50% coming from overseas [1] Group 2: Growth Potential - The report suggests that while the revenue from the commercial aviation business is currently limited, it could become a fast-growing segment for CIMC Enric due to the recent release of the "Action Plan for Promoting High-Quality and Safe Development of Commercial Aerospace (2025-2027)" by the China National Space Administration [1] Group 3: Investment Rating - Citigroup has assigned a "Buy" rating to CIMC Enric with a target price of 9.5 HKD [1]