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研報掘金丨方正證券:賽力斯有望開啓業績持續上行通道,維持“強烈推薦”評級
格隆匯 03-14 14:30

方正證券研報指出,2月賽力斯(601127.SH)所有車型銷量21329臺,同/環比分別-39.4%/-4.9%。其中,新能源車2月銷量17841臺,同/環比分別-41.0%/-0.4%。其中,賽力斯汽車2月銷量15007臺,同/環比分別-46.5%/-8.7%。受春節假期影響以及新品週期發佈在即帶來的觀望效應,公司2月銷量環比產生小幅波動。截至2025年1月,公司旗艦SUV問界M9發佈12個月累計大定突破20萬輛,連續9個月蟬聯中國市場50萬以上月度銷冠,彰顯品牌豪華定位。隨M8/2025款M9上市搶佔豪華市場,入股引望深化合作,超級工廠整合加速,機器人業務多元發展,公司有望開啓業績持續上行通道,預計公司2024-2026年實現營收1467/1919/2286億,歸母淨利潤58/105/124億,維持“強烈推薦”評級。

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