研報掘金丨招商證券:春風動力全年業績優異,維持“強烈推薦”評級
招商證券研報指出,春風動力(603129.SH)預計24年全年實現歸母淨利潤14.2~15.6億元,同比增長40.94%~54.84%。全年業績優異,增長動力強勁。公司四輪車全年銷量增長明顯,庫存調整期結束後後續有望重回增長通道。公司四輪車銷量12 月份/全年分別佔全行業銷量的41.8%/36.1%,龍頭地位穩固。兩輪車方面,公司新品不斷,800MT-X、700MT等新品不斷上市,675NK亮相米蘭,產品譜系進一步完善。此外,認爲公司股權激勵綁定了公司核心人員,有利於調動員工積極性,保障公司長遠發展。公司壁壘清晰,海外市場地位穩固,維持“強烈推薦”投資評級。
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