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研報掘金|華泰證券:上調零跑汽車目標價至71.22港元 維持“買入”評級
格隆匯 03-13 13:48
華泰證券發表研究報告指,零跑汽車公司去年營收達321.6億元,按年升92%,歸母虧損收窄;單計第四季營收入達134.6億元,按年升155%,歸母淨利達8000萬元,符合早前盈喜。該行指,2025年公司將迎全球化新車週期,疊加渠道端提前佈局和下沉,LEAP3.5架構進一步集成降本,預計公司在2025至2027年營收將保持高速增長且毛利率持續提升,今年有望實現全年盈利。華泰證券將零跑今年至2027年各年新車銷售預測上調至60萬、80萬、103.2萬輛,營收則分別爲 687億元、914億元及1167億元;歸母淨利分別達3.5億元、20.4億元及43.1億元。該行將其目標價由40.96港元上調至71.22港元,維持其評級爲“買入”。
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