花旗发表报告指，在2024财年业绩公布后更新了中创新航(03931.HK) 模型，将2025及2026年预计盈利预测，分别下调30%及23%，至13.4亿元人民币及21.62亿元人民币，主要反映管理层指引及2025至2026年储能系统(ESS)电池单位毛利假设获降低。该行同时引入2027年盈利预测，为30.25亿元人民币。
花旗采用2026年预测市盈率对中创新航进行估值，以更好地反映其2025年较同行更强的净利润增长。目标价从21.6港元下调至19.9港元，相当于预测2026年15倍市盈率，这是全球电池生产商的平均水平。将评级从“买入/高风险”更新为“买入”。考虑到中创新航有足够的交易历史，且电池价格在2023至2024年大幅下跌后已稳定，单位净利润趋于稳定，因此该行取消了高风险评级。(ad/da)(港股报价延迟最少十五分钟。沽空资料截至 2025-06-09 12:25。)
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