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研報掘金丨方正證券:維持賽力斯“強烈推薦”評級,港股IPO+新品矩陣打開成長空間
格隆匯 04-02 15:13

方正證券研報指出,賽力斯(601127.SH)業績同比高增,毛利率逐季提升,股東回報優異。公司研發投入同比增長,研發能力持續提升。2024年公司發佈魔方技術平臺,新一代超級增程技術可實現44.8%的超高熱效率,構建品牌力正向循環。自2025款問界M9與M8開啓預訂以來,一週內M9/M8的預訂量突破了3萬臺/5.8萬臺,兩款車型的小定總量累計超8.8萬臺,新品週期蓄力向上。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,港股IPO加速國際化進程,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1919/2286/2557億元,歸母淨利潤98/120/136億元,維持“強烈推薦”評級。

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