研報掘金丨海通證券:維持華域汽車“優於大市”評級,目標價17.87-19.86元
海通證券研報指出,上汽華爲合作有望打開華域汽車(600741.SH)空間。同時,華域汽車也與華爲合作車企形成了密切關係。根據公司2024 年中報財務分析報告,賽力斯、奇瑞佔華域營收的比例已經達5%和2%。公司堅持以市場需求爲導向,積極應對汽車市場競爭加劇、客戶需求波動加大、降價壓力持續傳導等挑戰,順應新能源滲透率和自主品牌市佔率持續上升的市場趨勢,在穩固現有基盤業務基礎上,加強對自主品牌、新能源品牌、豪華品牌等增量市場的開拓力度,全力爭取細分市場頭部客戶的關鍵項目和規模項目,夯實公司業務增長基礎,推動公司健康、可持續發展。認爲公司經營穩定向好,客戶結構持續改善,給予公司2024年合理PE範圍爲9-10倍,對應合理價值區間爲17.87-19.86元。維持“優於大市”評級。
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