(以下内容从东吴证券《电池深度:龙头恒强,二线改善,全面看好电池板块》研报附件原文摘录)经营对比:龙头各项指标全方位领先,二线企业底部改善明显。25Q2电池占产业链利润42%,尽管宁德时代利润确认极其保守,但贡献电池利润最高。出货端,龙头全球份额保持稳定,产能利用率打满,订单外溢至二三线,因此二三线销量25H1增速高。价格端,动储价格底部已企稳,宁德受益于产品和客户结构,均价高于同行。盈利端,...
Source Link(以下内容从东吴证券《电池深度:龙头恒强,二线改善,全面看好电池板块》研报附件原文摘录)经营对比:龙头各项指标全方位领先,二线企业底部改善明显。25Q2电池占产业链利润42%,尽管宁德时代利润确认极其保守,但贡献电池利润最高。出货端,龙头全球份额保持稳定,产能利用率打满,订单外溢至二三线,因此二三线销量25H1增速高。价格端,动储价格底部已企稳,宁德受益于产品和客户结构,均价高于同行。盈利端,...
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