研報掘金丨華泰證券:上調零跑汽車目標價至81.15港元 預計營收將保持高速增長且毛利率持續提升
華泰證券發表報告指,零跑汽車第一季度業績超出該行預期,實現營收100.2億元,同比增187.1%,毛利率達14.9%再創新高。報告指,零跑汽車2025年將迎全球化新車週期,疊加渠道端提前佈局和下沉,LEAP3.5架構進一步集成降本,以及戰略合作也將逐漸貢獻收入,該行預計公司2025至2027年營收將保持高速增長且毛利率持續提升,2025年有望實現全年盈利。該行維持對其“買入”評級,目標價由71.22港元上調至81.15港元。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.