浙江鼎力：欧盟反倾销终裁税率降至23.6%，显著低于国内同行

Investment Rating - The report maintains a "Buy" rating for the company Zhejiang Dingli [1] Core Views - The final anti-dumping tax rate imposed by the EU on Zhejiang Dingli has decreased to 23.6%, significantly lower than domestic competitors, which is expected to have a limited impact on the company's export orders and profitability [2] - The company is expected to see sustained performance growth due to the rapid increase in overseas demand for boom lifts and the acquisition of CMEC, which will enhance its market presence in North America [3] - A planned investment of 1.7 billion yuan to establish a new production base is anticipated to further expand the capacity for new energy high-altitude work platforms, supporting long-term growth [4] Financial Forecasts and Valuation - The projected total revenue for 2024 is 8.299 billion yuan, with a year-on-year growth of 31.47% [1] - The forecasted net profit attributable to the parent company for 2024 is 2.158 billion yuan, reflecting a year-on-year increase of 15.60% [1] - The current market valuation corresponds to a P/E ratio of 12.46 for 2024, which is expected to decrease to 9.02 by 2026 [1]