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梁文軒先生 (Eddie Leung)
助理經理

現任職輝立助理經理,對投資股票、期權經驗豐富。本人樂意為客戶提供投資分析及買賣策略。歡迎各位來電交流心得。
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廣汽集團 (02238)

Wednesday, April 28, 2021 Views6137

廣汽集團 (02238)


公司業務
廣汽集團主要業務包括製造及銷售乘用車、商用車、發動機及汽車零部件,亦從事一系列汽車相關服務及其他業務。集團股份在上海證券交易所亦有上市,編號為601238,廣汽總經理馮興亞在2021年上海車展上表示,計劃在2024年以後推出首款
聯合華為研發的自動駕駛汽車,又透露目標至2035年集團有一半銷售來自電動汽車,另一半來自混合動力汽車。亦在車展上與騰訊舉行戰略合作升級簽約活動。相信有利股價。

全年業績:
2020年度,集團營業額上升5﹒8%至631﹒57億元(人民幣;下同),股東應佔溢利下降9﹒9%至59﹒64億元。年內業務概況如下:
(一)整體毛利減少9%至22﹒96億元,毛利率下降0﹒6個百分點至3﹒6%,主要是受新冠肺炎疫情影響,本集團自主品牌整體產銷量同比減少,規模效益相應減少等綜合所致;
(二)汽車業務及相關貿易:營業額上升5﹒7%至606﹒48億元,佔總營業額96﹒3%,分部虧損擴大40﹒7%至32﹒2億元;
(三)其他:營業額上升8﹒2%至25﹒09億元,分部虧損收窄33﹒6%至1﹒16億元;
(四)年內,集團汽車銷量為204萬輛,同比下降0﹒9%。其中,乘用車銷量減少0﹒9%至204萬輛,商用車銷量下降5﹒9%至3443輛。截至2020年12月31日,集團汽車總產能為273﹒3萬輛/年;
(五)於2020年12月31日,集團的現金和現金等價物為157﹒91億元,總借款為149﹒77億元。流動比率為1﹒33倍(2019年12月31日:1﹒36倍),資產負債比率(借款除以總權益加借款)為14﹒73%。


投資建議
建議買入: $6.7  建議止蝕: $6.3  建議目標價: $7.9


參考資料來源:
www.etnet.com.hk


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