投资要点:我们的观点:天能动力稳居铅蓄动力电池龙头,随着电动自行车新国标落地、铅价波动收敛,2025年公司铅蓄电池有望量利修复;公司资本开支收敛,后续现金流预计改善;此外,新国标+以旧换新政策鼓励二轮车领域铅蓄技术路线,公司有望迎来价值重估。我们预计公司2025-2027年归母净利润分别为17.16、19.76、21.41亿元,分别同比+50.2%、+15.2%、+8.3%;对应2025年4月14...
Source LinkDisclaimer: 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.