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研報掘金丨中信建投:國軒高科今年出貨仍將持續增長,業績有望顯著增長
格隆匯 05-26 16:52

中信建投證券研報指出,國軒高科(002074.SZ)2024年實現營收、歸母、扣非354/12.1/2.63億,同比+12%/+28.6%/+126%;2025年一季報營收、歸母、扣非90.6/1.0/0.15 億, 同比+20.6%/+45.6%/+37.6%, 環比-11.4%/-87.3%/93%。年報、一季報歸母、扣非業績同比實現明顯增長,主要因出貨大幅增長,規模效應體現所致。公司今年出貨仍將持續增長,同時B級車等中高端市場份額穩步提升增強盈利能力。海外摩洛哥、斯洛伐克產能開始建設,發力歐洲市場併為北美市場提供原材料,佈局在國內廠商中超前。近期公司發佈金石電池、G垣準固態電池等新品,並建成首條0.2GWh全固態電池試驗線,新品看點豐富。預計今年公司出貨仍將快速增長,規模效應、產品高端化、價格穩定情況下,業績有望顯著增長。

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