m 2025 年 5 月 21 日 | H70455@capital.com.tw | | --- | | 沈嘉婕 目标价(港币/人民币元) 370/330 | 公司基本资讯 | 产业别 | | 电气设备 | | --- | --- | --- | | A 股价(2025/5/20) | | 263.00 | | 深证成指(2025/5/20) | | 10249.17 | | 股价 12 个月高/低 | | 294.17/162.75 | | 总发行股数(百万) | | 4538.97 | | A 股数(百万) | | 3902.56 | | A 市值(亿元) | | 10263.72 | | 主要股东 | | 厦门瑞庭投资 | | | | 有限公司 | | | | (23.27%) | | 每股净值(元) | | 53.22 | | 股价/账面净值 | | 4.94 | | | 一个月 三个月 | 一年 | | 股价涨跌(%) | 18.7 -1.2 | 32.8 | 近期评等 | 出刊日期 | 前日收盘 | 评等 | | --- | --- | --- | | 2025-4-14 | 224 | 买进 ...

Core Viewpoint - Ningde Times has officially listed on the Hong Kong Stock Exchange, raising approximately $5.3 billion, which will enhance its global market presence and accelerate its international expansion [2][3]. Group 1: Company Listing and Fundraising - The company listed on May 20 at an issue price of HKD 263 per share, with a global offering of 156 million shares, including an exercised over-allotment option [2][3]. - The funds raised will primarily be used for the construction of a factory in Hungary, which is expected to have a capacity of 72 GWh and will support local supply for major automotive clients like BMW and Mercedes [3]. Group 2: Market Demand and Growth Projections - The overall market demand for power batteries and energy storage batteries is expected to grow by 30% year-on-year by 2025, with the company maintaining a strong growth trajectory in battery shipments [2]. - The company anticipates net profits of CNY 646 billion, CNY 740 billion, and CNY 844 billion for 2025, 2026, and 2027 respectively, with year-on-year growth rates of 27%, 15%, and 14% [5]. Group 3: Electric Truck Ecosystem Development - The company is actively advancing its electric truck battery solutions, planning to establish 300 battery swap stations across key regions by 2025 and aiming for a 50% penetration rate of electric trucks within three years [4]. - The estimated annual battery demand for electric trucks could reach 660 GWh by 2028, with the company holding over 70% market share in this segment [4]. Group 4: Analyst Ratings and Price Targets - The company has received 34 buy ratings and 5 hold ratings from 39 institutions in the last 90 days, with an average target price of HKD 335.9 [8]. - The current stock price corresponds to a P/E ratio of 18.4, 16, and 14 for 2025, 2026, and 2027 respectively, suggesting a favorable investment opportunity [5].

m 近期评等 | 出刊日期 | 前日收盘 | 评等 | | --- | --- | --- | | 2025-4-14 | 224 | 买进 | | 产品组合 | | | --- | --- | | 动力电池 | 70% | | 储能电池 | 16% | | 电池材料 | 8% | 机构投资者占流通 A 股比例 | 基金 | 17.7% | | --- | --- | | 一般法人 | 47.3% | 股价相对大盘走势 C o m p a n y U p d a t e 2025 年 5 月 21 日 | H70455@capital.com.tw | | --- | | 沈嘉婕 目标价(港币/人民币元) 370/330 | 公司基本资讯 | 产业别 | | 电气设备 | | --- | --- | --- | | A 股价(2025/5/20) | | 263.00 | | 深证成指(2025/5/20) | | 10249.17 | | 股价 12 个月高/低 | | 294.17/162.75 | | 总发行股数(百万) | | 4538.97 | | A 股数(百万) | | 3902.56 | | ...