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梁文軒先生 (Eddie Leung)
助理經理

現任職輝立助理經理,對投資股票、期權經驗豐富。本人樂意為客戶提供投資分析及買賣策略。歡迎各位來電交流心得。
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比亞迪股份(01211.HK)

Wednesday, March 11, 2026 Views117

比亞迪股份(01211.HK)上星期四發佈新一代刀片電池和閃充技術,新技術實現「5分鐘充好,9分鐘充飽」,並解決低溫充電難問題,效率已接近燃油車,競爭對手難以短期追上,國內市場銷量年減65%至約89,590輛,但2月出口100,600輛,首次超越國內銷量,在總銷量中佔比達53%,預測新技術有望幫助銷量反彈,有助估價上升,綜合券商目標價為$132.67。

截至2025年9月止九個月,集團營業額上升12﹒7%至5662﹒66億元(人民幣;下同),股東應佔溢利下降7﹒5%至233﹒33億元。
於2025年9月30日,集團之持有貨幣資金1197﹒25億元,短期借款及長期借款分別為152﹒91億元及611﹒98億元。
按照中國會計準則,截至2025年6月止半年度,集團營業額上升23﹒3%至3712﹒81億元(人民幣;下同),股東應佔溢利增長12﹒8%至153﹒78億元。期內業務概況如下:
(一)整體毛利增長18﹒2%至668﹒66億元,毛利率則減少0﹒8個百分點至18﹒8%;
(二)手機部件、組裝及其他產品:營業額下降5﹒5%至687﹒44億元,佔總營業額18﹒5%,利潤總額下跌4﹒5%至13﹒35億元;
(三)汽車、汽車相關產品及其他產品:營業額增長32﹒5%至3025﹒06億元,佔總營業額81﹒5%,利潤總額則微跌0﹒2%至128﹒05億元;
(四)於2025年6月30日,集團之持有貨幣資金1117﹒34億元,總借貸包括全部銀行貸款及超短期融資券為390﹒76億元,存貨周轉期為79日(2024年6月30日:77日)。

目標價: $104.3
買入價: $現價
止蝕價: $85.6


參考資料來源:
aastock
etnet


本人梁文軒先生 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<01211>證券的所有相關財務權益

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