研報掘金丨民生證券:長城汽車高端智能化路線愈發清晰,維持“推薦”評級
民生證券研報指出,長城汽車(601633.SH)5月批發銷量10.2萬輛,同比+11.8%,環比+2.2%。其中坦克5月批發銷售2.1萬輛,同比+2.8%,環比+8.8%。坦克300批發銷售1.2萬輛,同比+14.4%;魏牌5月批發銷售0.6萬輛,同比+115.3%,環比+28.1%。坦克貢獻穩定利潤,魏牌漲勢亮眼。海外銷量向上 “生態出海”穩步推進。認爲新車上市與促銷活動將產生協同效應,進一步推動下訂熱情,對銷量產生提振作用,或成爲燃油SUV細分市場新增長點。公司新產品國內外推廣進展順利,智能電動化新週期開啓,新能源智能化車型佔比快速提升,高端智能化路線愈發清晰。維持“推薦”評級。
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