Group 1 - The core viewpoint is that Minth Group is experiencing a strong recovery in profitability, with overseas business returning to growth despite increased competition in the domestic market [1] - According to Jianyin International, the gross margin for Minth Group is expected to continue recovering this year, with the battery casing business gross margin projected to expand to nearly 24% [1] - The proportion of lower-margin battery casings is expected to increase from approximately 23% in 2023 to 30%, 35%, and 41% in 2025, 2026, and 2027 respectively [1] Group 2 - According to CICC, the EU's new energy passenger vehicles have shown strong growth, with pure electric vehicle registrations increasing by 26.1% year-on-year to 701,000 units, achieving a penetration rate of 15.4% [2] - In the UK, pure electric vehicle registrations increased by 33.4% year-on-year, indicating a robust market for electric vehicles [2] - The company is expected to achieve high revenue growth in its battery box business in the first half of 2025, driven by strong sales of pure electric vehicles in both Europe and China [2]
港股异动 | 敏实集团(00425)涨超3% 海外业务重回增长 机构看好公司上半年电池盒业务营收高增