Zhejiang Securities: Maintains the "buy" rating for Zhongjin International, and the 2025 performance forecast meets expectations

Zhejiang Merchants Securities research report pointed out that the 2025 performance forecast of China Intercontinental Joint meets expectations, with an estimated 59%-75% year-on-year growth in net profit attributable to the parent company in 2025. Against the backdrop of rapid growth in the wind power industry, the company is providing better solutions for customer needs and industry pain points, optimizing order structure, improving customer coverage and product recognition, and continuously increasing the scale of orders. The company is strengthening its internal capabilities by optimizing product structure, tackling technological challenges, improving process flow, and reducing costs and increasing efficiency, to maintain cost competitiveness, achieve a decrease in the company's overall comprehensive cost rate, and further enhance profitability. The company is a leader in high-altitude safety equipment for wind power, with growth space opened up by the booming domestic wind power industry and expansion in overseas and various fields. The rating of "buy" is maintained.