Research Reports on Opportunities | Soochow: Maintain Buy rating on Contemporary Amperex Technology, continuous dividends highlight capital strength.

Gelonghui Finance · Dec 13, 2024 13:42

Soochow's Research Reports indicate that Contemporary Amperex Technology (300750.SZ) and Stellantis have jointly invested in establishing a joint venture in Spain, with both parties holding a 50% stake. The total investment is 4 billion euros for the construction of a lithium iron phosphate Battery factory, planned to start production by the end of 2026, with a planned capacity of up to 50GWh. In addition, the company plans to distribute a total of 15% of the net income attributed to the parent company for the first three quarters, which is 5.4 billion yuan, to all Shareholders, with a cash dividend of 12.3 yuan for every 10 shares, corresponding to a dividend yield of 0.45%. This continuous dividend underscores the company's financial strength and emphasis on shareholder returns, exceeding market expectations. Considering that the company is a Global leader in Battery, a 30x valuation is given for 2025, corresponding to a Target Price of 446 yuan, maintaining a "Buy" rating.

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研报掘金丨东吴证券：维持宁德时代“买入”评级，持续分红彰显资金实力

Research Reports on Opportunities | Soochow: Maintain Buy rating on Contemporary Amperex Technology, continuous dividends highlight capital strength.

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