里昂：重申宁德时代(03750)“高度确信跑赢大市”评级 明年前景向好

Group 1 - The core viewpoint is that Citibank reaffirms its "highly confident outperform" rating for CATL (03750), maintaining target prices of 500 RMB for A-shares and 685 HKD for H-shares [1] - Concerns regarding the unlocking of H-shares have dissipated, leading to a stabilization in the stock price [1] - Management has provided guidance for a quarter-on-quarter stable battery shipment volume for the first quarter of next year, anticipating a year-on-year growth of 60% [1] - The announcement of a new residential energy storage system subsidy plan in Australia is expected to positively impact the company's outlook for next year [1]