Market Brief

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Author

劉智健先生 (CK Lau)
助理經理

股票研究投資經驗豐富。利用市場數據、技術走勢及投資氣氛用來分析市況,配合合適的投資工具,為客戶評估風險提供買賣策略。喜歡研究資源類及內需類股票 。
Phone:
2943 7499

吉利汽車 (00175.HK):2024年純利166.32億元人民幣, 同比急升213.3%,末期息增至33港仙

Tuesday, March 25, 2025 Views1078

公司概覽

吉利汽車主要業務包括在中國從事轎車及相關汽車配件的研發、生產、市場推廣及銷售。

 

截至2024年12月31日全年業績

  • 營業額:2,401.94億元人民幣,同比增長34%。
  • 純利:166.32億元,同比大幅增長213.3%。
  • 每股盈利:163.8分人民幣。
  • 末期股息:33港仙,上年同期為22港仙。

業務表現

  1. 銷售價格提升
    • 平均出廠銷售價格:按年上升2.5%,主要受高端車型佔比提升的推動。
    • 綜合平均出廠銷售價格(按備考基準,包含領克品牌汽車):按年上升2.9%。
  2. 毛利率優化
    • 受益於規模效應、產品結構升級、造車架構創新及技術提升,集團整體毛利率按年增加0.6個百分點,達到15.9%。
  3. 銷量表現
    • 全年銷量:217.65萬輛汽車,同比增長32%,超額完成全年經修訂的銷量目標(200萬輛)。
      • 中國市場批發量:176.2萬輛,同比增長27%。
      • 出口批發量:41.45萬輛,同比大幅增長57%。
    • 2025年銷量目標:271萬輛,較2024年銷量增加約25%。

未來展望

吉利管理層表示,集團將持續推進以下戰略方向:

  1. 市場拓展
    • 擴大不同地域市場的覆蓋,針對各地市場需求制定差異化策略,提升海外運營質量。
  2. 新能源汽車全球化
    • 增加新能源汽車產品的出口,推動新能源車型的全球化布局。
  3. 國際合作與風險應對
    • 利用全球化資源,積極尋求與國際合作夥伴的合作,應對全球貿易壁壘和關稅風險。

 

股價與投資機遇

截至2025年3月21日,吉利汽車收市價為17.2港元。近期股價自高位回調,為投資者提供布局機會。隨著產品組合優化、規模效應擴大及持續成本控制,集團盈利能力預計將進一步提升。

目標價:20.4港元。

 

*資料來源: 集團公告

 

如有查詢 請聯繫Mr CK LAU

辦公室電話: 29437499

電郵: chikinlau@phillip.com.hk

21 March, 2025

註:本人劉智健為證監會持牌人士。截至本評論文章發表日止,本人及/或其有聯繫者並無持有全部提及之証券的所有相關財務權益。

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