* 在中国制造及销售“宝马”品牌汽车的华晨中国1114.HK周二早盘跌幅扩大至2.7%，报2.56港元。
* 花旗在报告中表示，将华晨中国的目标价由4.31港元下调至3.75港元，以反映市场竞争和今年迄今零售折扣的扩大趋势。不过，华晨宝马的盈利状况可能比预期更具韧性。
花旗称，目前华晨宝马的30-35%的组件是进口的，预计在不久的将来，15-20%的进口组件可能会在本地生产，这将稳定其毛利率；预计华晨宝马今年推出或升级5系、2系和X3车型，提升利润率。
花旗并指，由于质量问题，2024年第三季度发生了约一个月的生产中断，料这降低了毛利率1个百分点。预计2025年的产能利用率将同比恢复。
* 华晨中国今年迄今跌7.5%，同期恒生指数.HSI大幅上扬17.3%。
* 恒生汽车主题指数.HSAMI盘中一度跌3.4%。（完）
更多股市简讯请点选CN-CMN-HOT
(发稿 徐凯文；审校 林高丽)
((kaiwen.xu@thomsonreuters.com))
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.