高盛发表研报指，理想汽车(02015.HK) (LI.US) 2024财年第四季业绩符合预期，但2025财年第一季指引低于预期。该行将理想2025财年上半年收入增长预测下调至按年增长2%，主要由于销量增长疲软以及定价和利润率压力，但预计今年下半年推出的两款纯电动车型将推动温和复苏。
该行预计，理想在今年上半年将捍卫其市场份额，以迎接新车型的更新及推出。该行估计，理想“i8”及“i6”的平均月销量将分别达到约6,000辆及1万辆，在其细分市场中名列前茅，并分别为今年下半年及明年的增量销量增长贡献99%及131%。
此外，该行料理想今年上半年的汽车毛利率将面临压力，并预计随着销量的回升，毛利率将从2025财年上半年的19%逐步恢复至下半年的21%。另外，该行将理想2025至2027财年净收入预测下调10%至15%，并将美股目标价下调10%至31.7美元；港股目标价下调9%至124港元，给予“买入”评级。(js/j)(港股报价延迟最少十五分钟。沽空资料截至 2025-03-18 16:25。) (美股为即时串流报价； OTC市场股票除外，资料延迟最少15分钟。)
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