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研報掘金丨華安證券:寧德時代盈利韌性較強,維持“買入”評級
格隆匯 04-02 14:00

華安證券研報指出,寧德時代(300750.SZ)Q4業績符合預期,盈利韌性較強。24年實現歸母淨利潤507.45億元,同比+15.01%;Q4實現歸母淨利潤147.44億元,同比+13.62%。公司24 年動力電池全球裝機量達到339.3GWh,份額為近三年最高,達到37.9%,同比+1.3pct;在儲能領域,公司24年全球市佔率為36.5%。根據中國動力電池產業聯盟數據,公司24年國內裝車量246.01GWh,市佔率達45.1%,同比+1.9pct,均處於首位,領先優勢穩固。公司保持高強度研發投入,24年研發費用186.07億元,同比+1.27%。在動力領域,公司發佈神行Plus 電池,是全球首個兼備1,000km續航以及4C超充特性的磷酸鐵鋰電池。維持“買入”評級。

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