You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
研報掘金丨民生證券:寧德時代盈利能力持續向好,維持“推薦”評級
民生證券研報指出,寧德時代半年報業績再超預期,海外業務、技術創新釋放澎湃動力;Q2業績環比顯著增長,盈利能力持續向好。公司上半年電池系統總產量達310GWh。結合Q1出貨量超120GWh的數據,預計公司Q2出貨量接近150GWh,環比持續增長。從盈利能力看,我們測算Q2單GWh盈利能力約爲1.13億元,較Q1的約1.11億元保持穩中微增。分業務看,上半年動力電池系統毛利率爲22.41%,儲能電池系統毛利率爲25.52%,儲能業務毛利率同比提升1.11個百分點,盈利能力突出。報告期內,公司境外業務實現收入612.08億元,同比增長21.14%,毛利率高達29.02%,顯著高於境內業務的22.94%,成爲公司業績增長的重要驅動力。通過與產業鏈上下遊夥伴的廣泛合作,公司正加速構建開放共贏的換電生態,有望打造新的業務增長極。考慮到公司盈利能力持續穩定,技術全球領先,維持“推薦”評級。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account