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研報掘金丨中金:維持銀輪股份“跑贏行業”評級,上調目標價至27.20元
格隆匯 02-08 14:11
中金公司日前研報指出,近日,銀輪股份(002126.SZ)取得多項機器人熱管理相關專利,通過更緊湊的結構設計,實現機器人冷卻效率升級,並有效減少熱管理系統體積。汽車熱管理以三電系統、座艙空調為主,涉及的散熱器件更多,結構更復雜。機器人熱管理減少了對於空調的需求,但由於機器人體積小、帶電量相對較低,因此對於散熱器件的體積和熱效率要求更高。我們認為,機器人熱管理與車端發展方向一致,遵循風冷向液冷升級路線。公司在汽車熱管理領域有較深佈局,當前通過不斷積累專利投入,實現在機器人熱管理領域的先發佈局。考慮到板塊估值中樞提升,維持“跑贏行業”評級並上調目標價11%至27.20元。
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