研報掘金|中金:上調敏實集團目標價至30.5港元 歐洲新能源銷量逆勢高增
中金髮表研究報告指,今年首五個月歐洲新能源銷量逆勢高增,中國市場純電增速亦亮眼,有望帶動敏實集團電池盒業務收入高增。因歐洲新能源增速超出該行年初預期,該行分別上調敏實2025年、2026年淨利潤7%、5%至29億、33.5億元。因公司業績彈性較大、新業務積極推進,中金上調敏實目標價11%至30.5港元,維持“跑贏行業”評級。
該行認爲,歐洲和中國是敏實集團電池盒業務的主要市場,敏實集團與歐洲新能源市場龍頭車企深度合作,中國市場純電車型銷量亦較爲亮眼,公司今年上半年電池盒業務收入有望隨之實現高增。新業務方面,公司積極開拓人形機器人、低空飛行器、無線充電等新業務。公司今年3月公告與智元機器人在人形機器人領域取得合作,合作內容包括智能外飾及電子皮膚技術、人形機器人無線充電及關節總成開發、柔性智能製造解決方案等,積極推進客戶開拓情況下,中金預計有望迎來更多定點。
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