中国重汽（000951）：以旧换新驱动营收高增，重卡出口趋势持续：中国重汽A 2025年三季报点评

中国重汽 A 2025 年三季报点评 以旧换新驱动营收高增，重卡出口趋势持续 中国重汽(000951) 风险提示：商用车产销不及预期，原材料价格大幅上涨。 | [Table_Finance] 财务摘要(百万元) | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入 | 42,070 | 44,929 | 55,035 | 60,037 | 65,515 | | (+/-)% | 46.0% | 6.8% | 22.5% | 9.1% | 9.1% | | 净利润(归母) | 1,080 | 1,480 | 1,558 | 1,723 | 2,039 | | (+/-)% | 405.5% | 37.0% | 5.3% | 10.6% | 18.3% | | 每股净收益(元) | 0.92 | 1.26 | 1.33 | 1.47 | 1.74 | | 净资产收益率(%) | 7.3% | 9.7% | 9.6% | 10.2% | 11.4% | | 市盈率(现价&最新股本摊薄) | 19 ...