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研報掘金丨財通證券:予科沃斯“買入”評級,認為公司未來經營情況將逐漸向好
格隆匯 07-01 17:30

財通證券研報指出,科沃斯核心業務環比改善,市佔率逐步企穩。公司內銷掃地機在國補帶動下實現較快增長,其中尤其是中高端價格帶表現較好,線上4000-4500 元價格帶公司市佔率為32.22%,同比+8.85pct,實現了市佔率的快速提升。洗地機市場競爭逐步緩解,其中公司線上均價4Q24/1-5M2025 同比分別為-10%/-4%,均價降幅環比收窄,利潤水平有望穩固。公司加快海外佈局,擴大收入利潤水平。未來預計將進一步拓展海外其他市場,進一步擴大公司外銷規模。鑑於公司核心收入改善,加大布局海外市場,以及積極佈局新品類新領域打開新增長空間,認為公司未來經營情況將逐漸向好,給予“買入”評級。

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