宁德时代（03750）：交接覆盖：3Q2025业绩点评：经营质量稳健提升，紧抓储能发展机遇

研究报告 Research Report 22 Oct 2025 宁德时代 CONTEMPORARY AMPEREX TECHN-H (3750 HK) 交接覆盖：3Q2025 业绩点评：经营质量稳健提升，紧抓储能发展机遇 Strong operational gains, seizing the energy storage opportunity: Transferring Coverage 观点聚焦 Investment Focus [Table_Info] 维持优于大市 Maintain OUTPERFORM 评级 优于大市 OUTPERFORM 现价 HK$544.00 目标价 HK$618.00 HTI ESG 4.3-3.3-3.5 E-S-G: 0-5, (Please refer to the Appendix for ESG comments) 市值 HK$1,829bn / US$235.49bn 日交易额 (3 个月均值) US$149.03mn 发行股票数目 155.92mn 自由流通股 (%) 81% 1 年股价最高最低值 HK$610.50-HK$296.40 注：现价 HK$5 ...