《大行报告》美银引述长汽(02333.HK)指无需向其他车企购燃料消耗积分 可利用早年盈余抵销去年赤字
美银证券发表报告指,昨日召开了长城汽车(02333.HK)投资者会议,就中国工信部近日公布《2020年乘用车企业平均燃料消耗量与新能源汽车积分的公示》,据长汽去年旗下乘用车业务平均燃料消耗积分为负36.9万分,长汽去年旗下新能源汽车业务录19.12万分,虽然长汽旗下新能源汽车业务所录得的积分正数无法完全弥补其乘用车业务平均燃料消耗积分的负数,但长汽指会利用在2018年及2019年的相关积分盈余,可弥补2020年的平均燃料消耗积分赤字,从而令长汽无需从其他汽车公司购买燃料消耗积分,即此将不影响公司损益表。
该行引述长汽预计在2021年以Ora品牌经营的电动汽车、及今年推出新种车型,可推动销售增长的带动下,产生足够的新能源车积分。公司拥有三种电动汽车模型,管理层预计将扩展到10种车型,涵盖A00至B级汽车,平均每辆汽车售价在10万至25万元人民币之间,维持对其H股「买入」评级及目标价27元。
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