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研報掘金丨東吳證券:長城汽車新能源滲透率快速提升,維持“買入”評級
格隆匯8月8日丨東吳證券7日研報指出,長城汽車(601633.SH)7月批發銷量10.9萬輛,海外出口2.7萬輛,新能源滲透率提升至26.5%。新哈弗H5強勢迴歸,首批量產車已下線;2024款哈弗大狗上市,安全守護與智慧科技同步進化;魏牌高山作為魏牌新能源MPV品類的最新成果,將於下半年正式推出;“生態出海”模式在中亞持續落地,長城汽車與烏茲別克斯坦汽車集團ADM汽車工廠就烏茲別克斯坦市場開發合作正式簽署戰略合作協議;隨着多品牌持續發力新能源,公司新能源滲透率快速提升。該行維持長城汽車2023~2025年歸母淨利潤為43/80/112億元的預測,對應EPS分別為0.50/0.94/1.32元,對應PE估值46/25/18倍。維持長城汽車“買入”評級。
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