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研報掘金丨長江證券:長城汽車前三季單車利潤創新高,海外收入及盈利佔比不斷提高
長江證券研報指出,2021年以來,長城汽車(601633.SH)進入盈利新階段,得益於坦克等高價車型佔比的提升以及出海的貢獻,公司的財務指標穩健向上,2024前三季度公司單車利潤達1.2萬元,創歷史新高。從銷量結構看,近年公司國內市場在皮卡和硬派越野的細分賽道保持較大優勢,但在主流市場有所承壓;海外市場為公司近年及未來重要成長方向,公司海外收入及盈利佔比不斷提高,2023年海外收入佔比31%,毛利佔比43%,處於行業前列。
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