研选 | 光大研究每周重点报告 20251025-20251031

Group 1 - The core viewpoint of the article emphasizes the undervaluation of Shun'an Environment (002011.SZ), which is transitioning from a leader in refrigeration components to a benchmark in refrigeration and new energy vehicle thermal management components [5] - Shun'an Environment is expected to achieve a net profit attributable to the parent company that is 34% of Sanhua's by the end of 2024, while its market capitalization is only 13% of Sanhua's [5]