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研報掘金丨財通證券:長城汽車魏牌藍山持續熱銷,維持“增持”評級

財通證券研報指出,新藍山帶動魏牌銷量同比高增長,長城汽車(601633.SH)整體9月銷量有所承壓。公司2024年9月總銷量為10.8萬輛,同比減少10.9%,環比增長14.8%;1-9月總銷量為85.4萬輛,同比下降1.2%。魏牌全新藍山9月W4的銷量為2068輛,9月W1-W4 的銷量分別為1064輛、1741輛、1536輛、2068輛。周度銷量持續提升。公司發力海外市場,高質量出海再進階。與越南成安集團簽署合作備忘錄,共促CKD組裝合作;印尼KD工廠順利投產,致力形成本地化優勢,加速佈局東南亞市場。此外,魏牌高山MPV 進軍歐洲市場,坦克500、山海炮HEV正式上市南非。維持“增持”評級。

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