高盛：宁德时代-通过单位毛利扩张释放价值；恢复 A 股评级，首次给予 H 股 “买入” 评级

25 June 2025 | 2:27AM HKT CATL (300750.SZ) Unlocking value through unit GP expansion; reinstate on A-share and initiate H-share at Buy | 300750.SZ | 12m Price Target: Rmb323.00 | Price: Rmb245.92 | Upside: 31.3% | | --- | --- | --- | --- | | 3750.HK | 12m Price Target: HK$343.00 | Price: HK$303.00 | Upside: 13.2% | 3. Robust earnings growth: We project a robust 25% EPS CAGR from 2024-2030E, driven by a combination of volume growth and unit GP expansion. Catalysts: 1) Positive quarterly earnings that indicat ...