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《大行报告》大和料晶片短缺冲击长汽(02333.HK)首季业绩 关注影响或延伸至全年
阿思达克 04-22 10:32
大和发表报告表示,从长城汽车(02333.HK)今年首季业绩显示,公司受到相关晶片短缺及原材料成本上升的影响高於预期,公司首季收入按年升151%,销量升125%,产品平均售价按年升11%,但期内毛利率按季下跌2.9个百分点至12.7%。

该行指长汽称因原材料(钢铁及金属)价格上升、每辆车固定成本较高、新能源汽车毛利率较低,令公司总体毛利率恶化。

大和认为,汽车用晶片短缺相信对长汽生产及毛利带来最大冲击的影响,并审慎关注此因素对公司今年销售影响,此情况令人忧虑。而该行仍重申对长汽「买入」评级,估计公司今年销量可达133万辆按年升20%,对比公司指引为121万辆按年升9%,但对今年汽车用晶片短缺情况审慎。

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