金吾财讯 | 交银国际发研报指，2024年中创新航(03931)收入按年增长2.8%，储能电池收入按年增72.4%，储能收入占比提升至30%。虽然电池价格下行，但公司盈利能力改善，毛利率和归母净利率分别按年提升2.9及1个百分比至15.9%及2.1%。该行表示，考虑到公司海外出货量增速强劲，规模效应下盈利能力有望持续改善，该行上调2025-26年归母净利润11-24%。入通有助于提升公司股票的流动性，该行因此降低了对中创新航的交易流动性折价。该行基于DCF模型，上调公司目标价59%，由15.59港元升至24.77港元，维持“买入”评级。
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