汽车行业周报：多家车企做出账期承诺，汽车供应商现金流有望改善

请认真阅读文后免责条款汽车华龙证券研究所投资评级：推荐（维持）最近一年走势分析师：杨阳执业证书编号：S0230523110001邮箱：yangy@hlzq.com联系人：李浩洋执业证书编号：S0230124020003邮箱：lihy@hlzq.com相关阅读《新汽车央企将成立，乘用车行业加速整合—汽车行业周报》2025.06.09《关注Robotaxi量产&商业化节奏—汽车行业周报》2025.05.19《乘用车&零部件业绩分化，行业有望迎来内外需共振—汽车行业2024年报及2025年一季报综述》2025.05.19 摘要： 风险提示：宏观经济波动风险；相关政策不及预期；原材料价格波动风险；地缘政治风险；重点车型销量不及预期；智能驾驶进展不及预期；第三方数据误差风险；重点关注公司业绩不及预期。EPS（元）PE投资评级股价（元）2024A2025E2026E2027E2024A2025E2026E2027E13.8418.4022.4726.6625.018.815.413.0买入1.481.762.082.3714.812.510.69.3买入0.740.811.041.2717.516.012.410.2买入1.631.431.772.1810.011.49.27.5未评级3.946.338.079.6933.220.716.213.5未评级3.794.876.898.4729.022.615.913.0未评级-3.06-0.621.453.29--50.122.0未评级3.614.836.127.6527.120.316.012.8未评级1.912.503.163.9227.421.016.613.4未评级1.241.712.232.8125.818.714.311.4买入0.681.091.331.5425.215.713.011.1未评级1.992.523.194.0725.920.516.212.7增持1.432.443.263.9125.514.911.19.3未评级-1.11-0.440.210.93--150.334.5未评级1.782.102.603.1526.122.117.914.7未评级1.211.491.802.1225.520.717.214.5未评级0.941.291.621.9426.619.415.412.9增持0.210.330.470.82219.2141.498.756.7未评级0.580.831.031.0341.228.623.123.1买入0.971.421.761.9039.426.921.720.1买入1.862.102.432.7813.311.810.28.9未评级1.261.501.772.0613.711.59.88.4未评级1.311.471.661.8211.810.69.38.5未评级数据来源：Wind，华龙证券研究所，港股公司股价单位为港币，其他货币单位均为人民币，贝斯特2027年EPS以及未评级标的盈利预测均来自Wind一致预期。 内容目录1本周观点...................................................................................................................................................12行业动态...................................................................................................................................................12.1行业要闻............................................................................................................................................12.2上市车型............................................................................................................................................22.3公司公告............................................................................................................................................33本周行情...................................................................................................................................................34数据跟踪...................................................................................................................................................54.1月度数据............................................................................................................................................54.2周度数据..........................................................................................................................................145投资建议.................................................................................................................................................156风险提示.................................................................................................................................................15图目录图1：本周申万行业涨跌幅..................................................................................................................4图2：申万汽车子板块涨跌幅..............................................................................................................4图3：申万汽车板块PE（TTM）........................................................................................................5图4：申万汽车子板块PE（TTM）....................................................................................................5图5：我国汽车销量..............................................................................................................................6图6：我国汽车销量同比增速..............................................................................................................6图7：我国乘用车批发销量..................................................................................................................6图8：我国乘用车批发销量同比增速..................................................................................................6图9：我国乘用车零售销量..................................................................................................................6图10：我国乘用车零售销量同比增速................................................................................................6图11：我国新能源乘用车批发销量.....................................................................................................7图12：我国新能源乘用车零售销量....................................................................................................7图13：我国新能源乘用车批发销量同比增速....................................................................................8图14：我国新能源乘用车零售销量同比增速....................................................................................8图15：我国新能源乘用车批发渗透率................................................................................................8图16：我国新能源乘用车零售渗透率................................................................................................8图17：我国搭载L2.5及以上功能乘用车销量及渗透率...................................................................9图18：汽车经销商库存系数..................................................