中信建投:繼續看好整車板塊,關注智駕及機器人調整買點
中信建投研報表示,本週智駕、機器人板塊調整幅度較大,在基本面未有明顯利空情況下,板塊回調或因股價高位下獲利資金兑現。基於產業趨勢依舊清晰判斷,維持看多觀點,智駕關注3月開始比亞迪智駕版新車起量,攝像頭等產業鏈中上游供需;機器人關注產業鏈有業績支撐、定點高勝率及有預期差標的買點。看好2025年整車及智駕產業鏈估值重塑,整車投資機會在於智能化賦能後銷量、利潤的提升,零部件投資機會在於硬件公司在1-10階段的業績穩步兑現、擁有新技術+新商業模式供應商在0-1階段的估值提升以及潛在供給環節存在瓶頸的方向。
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