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高盛:理想汽車(2015.HK)首季業績勝預期,維持確信買入

格隆匯5月11日丨高盛發研報指,理想汽車(2015.HK)首季非通用會計準則淨利潤高於該行預期65%,高於市場預期2倍;總收入按季跌10%,按年升1.68倍,符預期;利潤率勝預期主要由於毛利率持續平穩,以及有紀律的營運支出。該行維持其“買入”評級,以及“確信買入”名單,目標價160港元。

高盛預期,集團第二季將可維持其利潤率增長,因為理想ONE價格於4月份上調1.18萬元(人民幣.下同)至每輛34.98萬元。該公司指引第二季收入62億元-70億元,對比市場預期為110億元,另外5月及6月交付量指引為9200輛,公司重申理想L9將於第三季發佈,又料2023年發佈3款新型號。高盛將其今年淨利潤預測下調7%,以反映封城對生產的影響。

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