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研報掘金丨民生證券:寧德時代市佔率穩定,盈利能力強韌,維持“推薦”評級
格隆匯 07-27 13:59
格隆匯7月27日丨民生證券26日研報指出,寧德時代(300750.SZ)23Q2業績穩定增長。單Wh盈利穩定,海外市場佔有率持續提升。該行測算,公司23H1動力和儲能板塊合計貢獻利潤超126億元,23Q2單Wh盈利在0.07+元,盈利能力環比23Q1持平,全年來看,公司一體化佈局進一步深入,全年盈利能力有望維持。根據SNE數據,公司海外動力市場1-5月佔有率達到27.3%,比去年同期提升6.9個百分點;歐洲市場1-5月動力市場佔有率34.5%,已經連續兩月排名第一。研發投入高增,創新產品和服務持續落地。公司推出零輔源光儲直流耦合解決方案,推進長壽高安全高效率儲能產品應用;積極推動電動船舶、電動飛機新動力領域應用。該行考慮到公司市佔率穩定,盈利能力強韌,新技術持續放量保障核心競爭力,維持“推薦”評級。
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