港A異動丨寧德時代AH股均創歷史新高,據報排產指引大超預期
寧德時代A股盤中一度漲超14%報371.52元,創歷史新高;H股一度漲超10%報476.8港元,亦創上市新高。週末有消息稱,寧德對供應商2026年排產指引上修至1.1TWh,對應50%+增長,大超市場預期。業內人士指出,這一舉動直接確認並大幅強化了市場對未來需求的樂觀預期。此超預期的指引意味着2026年鋰電需求高增長的確定性大幅提升,產業鏈中部分如六氟磷酸鋰等關鍵材料環節的供需拐點有望提前到來,呈現出顯著的彈性期權價值。有機構預計排產上修原因:1)需求超預期,持續高景氣度,25年預計排產端720-730gwh,預計26年實際排產900-950gwh,增長30%;2)供應鏈24-25年資本開支放緩,需引導供應鏈繼續擴產,以滿足26-27年需求,避免材料緊缺。


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