研報掘金丨信達證券:濤濤車業電動高爾夫持續放量,規模效應凸顯
信達證券研報指出,濤濤車業電動高爾夫持續放量,規模效應凸顯。分產品看,預計公司25H1增長主要由電動高爾夫球車驅動,價格方面,預計公司電動高爾夫球車產品或有小幅提價以應對外部政策風險;預計公司特種車等產品保持較穩健增長,而電動平衡車、滑板車等表現稍弱。盈利能力方面,預計隨電動高爾夫球車產品放量增長,規模效應有望持續凸顯,期間費用率有望攤薄,淨利率有望提升。海外供應鏈佈局穩步推進,下半年有望再上臺階。另外,公司積極佈局人形機器人賽道,首臺樣機已落地。根據公司官方公衆號信息,近日由濤濤車業製造的首臺人形機器人樣機(K-Scale人形機器人K-Bot)成功下線,標誌着公司在智能製造領域邁出重要一步,爲公司進一步實現創新發展和智能化升級奠定堅實基礎。
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