宇通客车：深出口高增、行稳致远成长与防守兼具

上海证券2025-03-13

投资摘要宇通客车大中型客车连续21 年国内销量第一，根据业绩预告中值测算，2024 年预计实现归母净利润40.45 亿元，24Q4 单季度实现归母净利润16.13 亿元，同比+110.30%、环比+112.80%。24Q4 销量1.56万辆，为近两年来单季度最高销量；单车利润10.36 万元，扭转了2024 年前三季度单车利润下滑的趋势。大中客内需底部趋稳，出口扬帆远航。内销旅游车需求高增、公交车...

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宇通客车：深出口高增、行稳致远 成长与防守兼具

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宇通客车：深出口高增、行稳致远成长与防守兼具