【券商聚焦】海通国际下调蔚来至“中性”评级 指整车ASP或仍将承压下探

金吾资讯
Sep 05

金吾财讯 | 海通国际发研报指,蔚来(09866)公司2Q25实现营收190.1亿元,同比+9%,环比+57.9%;其中汽车销售收入161.4亿元,同比+2.9%,环比+62.3%。Q2汽车交付7.21万辆,同比增长25.6%,环比增长71.2%,创二季度新高。Q2毛利率10%,同比+0.3pcts,环比+2.4pcts;汽车毛利率10.3%,同比-1.9pcts,环比基本持平,主要由于产品组合...

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