研報掘金丨財通證券:長城汽車出海進展順利,維持“增持”評級
財通證券研報指出,長城汽車(601633.SH)Q2業績同比高增長,出海進展順利,維持“增持”評級。Q2營業收入485.69億元,同比增長18.66%,歸母淨利潤38.51億元,同比增長224.40%。2024H1公司毛利率20.74%,同比+3.89pct,主要系24H1海外銷售增長、國內產品結構進一步優化,帶動毛利增長所致。智能化領域,長城汽車實現整車智能、連接智能、平台智能等全域智能化。建設了汽車行業最大的超算中心,同時構建了全算力平台的智能駕駛產品集,滿足用户差異化需求。全球化方面,長城汽車持續在全球市場發力,24H1海外銷售199,847輛,同比增長62.09%。長城汽車聚焦產能在地化、經營本土化、品牌跨文化和供應鏈安全化的“國際新四化”,推動研、產、供、銷、服全面出海,形成全品類、全動力、全檔次的產品矩陣,計劃2030年實現海外銷售超百萬輛。
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