You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》中金:內地新能源汽車業4月供應鏈受疫情影響較嚴重
中金髮表報告表示,小鵬汽車(09868.HK)(XPEV.US)、蔚來(09866.HK)(NIO.US)、理想汽車(02015.HK)(LI.US)於近期發佈4月交付數據顯示,4月行內地新能源汽車業供應鏈受疫情影響較爲嚴重,三家新勢力車企交付數據環比降幅較大。 該行稱,小鵬4月汽車交付9,002輛,按年升74.9%,按月下滑41.6%,預計公司華南供應鏈佔比較行業平均水平更高,因此受影響相對較少。此外,近期小鵬與農業銀行達成戰略合作,獲75億元人民幣授信額度。該行認爲本次合作不僅反映了小鵬的發展前景備受業內外認可,也有望對小鵬的現金使用效率和成本管理的優化產生促進作用。 蔚來於4月階段性停產,ET7交付爬坡較快。今年4月蔚來交付5,074輛,按年跌28.6%,按月下跌49.2%;受供應鏈影響,蔚來在4月經歷階段性停產,對交付產生較大擾動。4月29日,ET5首批全工藝生產線試製車在NeoPark新橋工廠正式下線,標誌着產線在全線貫通後,正式進入造車驗證階段。往前看,該行期待ET5在今年第三季量產交付,帶動公司正式開闢30萬級純電轎車的規模化戰場。此外,蔚來現有866三款產品即將於5月10日起正式開啓提價,以反應電池及原材料成本的影響。考慮到公司現有的交付週期爲8周左右,且規劃於第二季對現有866車型升級智能座艙的硬件配置,該行預計報表端盈利水平的改善將逐步在第三季度開始反應。 今年4月理想汽車交付4,167輛,按年跌24.8%,按月下挫62.2%,主因疫情對常州工廠和長三角地區零部件供應商的影響較大,4月生產受阻,以致交付延期。 往前看,該行預計伴隨行業復工復產持續推進,5月行業產銷有望迎來按月的明顯改善。此外,三家新勢力將於5月陸續發佈第一季季報, 認爲季報展望穩健,值得期待 。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account