研報掘金丨國信證券:維持寧德時代“優於大市”評級,盈利能力有望穩中向好
國信證券研報指出,寧德時代(300750.SZ)2025Q1實現歸母淨利潤139.63億元,同比+33%、環比-5%。公司電池出貨量穩健增長,市場領先地位穩固。展望後續,公司產能利用率持續提升、海外客戶持續放量,盈利能力有望穩中向好。公司推出的新一代巧克力換電解決方案適配車型廣,靈活性強,已在多款車型落地推廣。2025年3月,公司與蔚來簽署戰略合作協議,雙方將共同打造全球最大換電網絡,並推進行業技術標準的統一。同時,寧德時代將支持蔚來換電網絡的發展,蔚來公司旗下firefly 螢火蟲品牌後續開發的新車型將適時導入寧德時代巧克力換電標準和網絡。維持“優於大市”評級。
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