大行评级｜瑞银：首予宁德时代H股“买入”评级及目标价390港元

格隆汇2025-06-26

瑞银首次覆盖宁德时代，予“买入”评级，H股目标价390港元，相当于预测2026财年综合市盈率20.5倍。该行认为，电池并不只是商品，在电动车和储能系统(EES)的竞争中，安全、质量和技术的差异化越来越重要，预期公司今年的每单位的净利润将维持于每千瓦时107元，由领先的技术、高速创新、持续效率改善及控制成本所支持。另外，该行认为公司将可受惠于国内电动车加速渗透、商用车辆的潜在电动化、储能系统的增长...

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