Goldman Sachs: First-time rating Ningde Times (03750.HK) as "buy", optimistic about the potential for energy storage system integration.

Zhtng cijng APP hu x, goshng fb ynbo chng, shuc gi y nng d shdi (03750.HK) "mir" pngj, H g mbio ji 946 gngyun, zhch shchng pbin jing chnng yw shwi xioling zngzhng jhu, dn goshng gng xingxn chnng xtng zhng h jing chngwi nng d shdi xi y jidun jizh chungzo de gunjin tudngl, k didng moll kuzhn, chungzo go lyl chngxng xnlir, bng zhch gzh chngpng. According to the Wise Finance APP, Goldman Sachs has released a research report stating that it has issued a "buy" rating for Ningde Times (03750.HK) for the first time, with a target price of HKD 946 for the H-share. It points out that while the market generally views energy storage business as an opportunity for sales growth, Goldman Sachs believes that integrating energy storage systems will become the key driving force for value creation in the next phase of Ningde Times, which can drive gross margin expansion, create high-profit-margin recurring service revenue, and support valuation reappraisal.