金吾财讯 | 中信建投表示,近期新车密集发布,板块迎来持续催化。2月10号比亚迪发布全新天神之眼智能驾驶战略;2月20号华为尊界技术发布会发布全主动感知硬件方案、L3ready硬件配置;3月3号吉利发布千里浩瀚高阶智驾方案,其中H1、H3方案具备高速NOA功能,H5、H7、H9具备城市NOA功能,后续将陆续搭载银河全新&改款产品。2025年将是中国整车资产智驾全面升级的一年,预计行情将持续全面扩散。另外,本周优必选发布Walker S系列机器人在极氪5G智慧工厂协同实训视频,两会期间具身智能被首次写入《政府工作报告》,机器人方向关注度朝着灵巧手、传感器等硬件本体板块延续,行情演绎出全面扩散补涨状态。板块情绪处于高位,行情呈现明显蔓延效应,短期行业新进入者、低位及有预期差的标的表现相对占优,而前期累计涨幅较大的白马标的或处于预期整固待兑现的震荡期,该行维持看多观点,25年Q2或年中附近有望成为产业链定点发包时间节点,相关标的能否拿到定点或成为行情走势的验证窗口期,板块行情或存在“去伪存真”的预期整固期该行看好25年整车及智驾产业链估值重塑,整车投资机会在于智能化赋能后销量、利润的提升,零部件投资机会在于硬件公司在1-10阶段的业绩稳步兑现、拥有新技术+新商业模式供应商在0-1阶段的估值提升以及潜在供给环节存在瓶颈的方向。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.