华泰证券：关注“反内卷”政策下有望反转的行业

澎湃新闻2025-07-11

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！关于“反内卷”政策下哪些行业有望反转？华泰证券研报称，财报视角，筛选固定资产周转率、毛利率处于历史低位、低HHI的行业，“内卷”压力主要集中在煤炭、钢铁、化工、电新、机械、轻工等行业。其中，从现金流、资本开支等指标上看产能加速出清，且中观景气筑底或改善的品种包括：1）煤炭：北方港口煤炭库存、重点电厂煤炭库存可用天数回落，煤价...

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