研報掘金|華西證券:維持吉利汽車“推薦”評級 2024年產品週期強勁
華西證券發佈研究報吿稱,維持吉利汽車“推薦”評級,盈利預測不變,預計2023-2025收入為1852.7/2347.7/2809.0億元,歸母淨利為56.8/76.6/110億元。受益銀河E8、領克08等新產品上量以及燃油車春節前需求向好,公司1月銷量表現亮眼,批發總銷量(含領克)21.3萬輛,同比+110.0%,環比+45.7%;新能源批發65,826輛,同比+591%,環比+14.3%。展望2024年,新車包括銀河E6、E7、L5,極氪新SUV,產品週期強勁,我們看好在極氪+銀河+領克發力下新能源加速轉型。智能駕駛方面,極氪從Mobileye逐步向自研轉變,自研高速領航輔助系統NZP於1月與極氪007同步交付,支持全國超20種匝道類型,匝道通過率98.9%,變道成功率接近98%,全國可用;城市通勤模式將在24年6月開啟公測,智能駕駛方面有望加速實現趕超。
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