港股詳情

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蜜雪集團

220.000

-8.600-3.76%

成交量：102.23萬

成交額：2.31億

市值：836.00億

市盈率：12.16

高：242.000

開：233.000

低：216.200

收：228.600

52周最高：553.000

52周最低：216.200

股本：3.80億

香港流通股本：1.51億

量比：2.35

換手率：0.68%

股息：- -

股息率：- -

每股收益(LYR):18.085

淨資產收益率：29.76%

總資產收益率：17.85%

市淨率：2.96

市盈率(LYR):12.16

市銷率: 2.16

資料載入中...

總覽公司新聞公告

【券商聚焦】國泰海通證券維持蜜雪集團(02097)「增持」評級指2026年聚焦門店提質增效

港股異動｜新消費概念股盤初走低，泡泡瑪特跌超5%，名創優品跌近4%

老虎资讯综合

蜜雪2025年業績超預期，提質升級成今年關鍵詞

當「開店」不再是唯一答案，雪王的下一站在哪？

「雪王」換帥：一場CFO接棒的資本敍事與千億市值保衞戰

人這一輩子，一定要去一趟老家河南！

異動解讀 | 摩根大通下調評級至「減持」，蜜雪集團盤中大跌5.12%

「90後」張淵掌印，蜜雪集團進階

蜜雪集團加碼幸運咖業績説明會披露多項關鍵動作

「史上最強」90後CEO，執掌千億雪王？

中國海誠：公司為蜜雪冰城提供過相關工程設計服務

《大行》摩通降蜜雪集團(02097.HK)評級至「減持」目標價削至270元

阿斯达克财经

異動解讀 | 蜜雪集團盤中大跌6.77%，新任CEO悲觀預期與經營壓力引擔憂

張紅甫卸任交權 90後清華研究生張淵接掌蜜雪冰城CEO

千億「雪王」換帥：「投行精英」能解6萬門店中年危機？

蜜雪集團港股跌5.79% 一天市值蒸發約75億港元

【券商聚焦】華安證券首予蜜雪冰城(02097)「買入」評級指公司構建核心壁壘成長邏輯清晰

中信里昂：上調蜜雪集團(02097)目標價至424港元評級「跑贏大市」

《大行》高盛降蜜雪集團(02097.HK)今明兩年盈測目標價下調至450元

阿斯达克财经

異動解讀 | 蜜雪集團盤中大跌5.21%，換帥及毛利率下滑引發市場擔憂

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10:06","pubTimestamp":1774663560,"startTime":"0","endTime":"0","summary":"另一则是管理层调整：创始人张红甫卸任CEO，转任联席董事长；接任者是其35岁的原CFO张渊。　　两张公告，一明一暗，构成了蜜雪冰城上市一周年的完整注脚。　　市场给出的反应颇为耐人寻味：年报发布当日，蜜雪集团股价上涨5.95%，收报341.8港元；而截至3月25日，其市值较2025年6月的巅峰期已蒸发近千亿港元。　　“雪王”的换帅，从来不是一场简单的人事交接。它是一场关于资本逻辑的精准卡位，也是一次关于千亿市值保卫战的战略布防。","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.sina.com.cn/wm/2026-03-28/doc-inhsnzav8934606.shtml","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"executive","news_rank":0,"length":0,"strategy_id":0,"source":"sina","symbols":["02097","BK1616","BK1233","BK1587"],"isVideo":false,"video":null,"gpt_icon":1},{"id":"2622842876","title":"人這一輩子，一定要去一趟老家河南！","url":"https://stock-news.laohu8.com/highlight/detail?id=2622842876","media":"中安在线","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2622842876?lang=zh_tw&edition=fundamental","pubTime":"2026-03-27 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蜜雪集團盤中大跌6.77%，新任CEO悲觀預期與經營壓力引擔憂","url":"https://stock-news.laohu8.com/highlight/detail?id=1119214760","media":"异动解读","labels":["movement"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1119214760?lang=zh_tw&edition=fundamental","pubTime":"2026-03-26 12:02","pubTimestamp":1774497766,"startTime":"0","endTime":"0","summary":"蜜雪集团今日盘中股价大幅下挫6.77%，引起了市场的广泛关注。消息面上，公司近期完成了管理层的重要变动，创始人张红甫卸任首席执行官，由原首席财务官张渊接任。在最新业绩会上，新任CEO张渊对2026年的经营前景表达了谨慎看法，判断门店营业额与盈利能力都将面临一定压力。具体而言，外卖补贴退坡导致门店营业额增长放缓，同时外卖平台抽佣提高挤压了利润空间，线下堂食客流减少也对运营造成冲击。此外，公司2025年关闭门店数量较上年显著增加，主品牌扩张速度有所放缓，这些因素共同影响了投资者信心。","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"movement","news_rank":0,"length":0,"strategy_id":0,"source":"ai_movement_cn","symbols":["02097"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2622880981","title":"張紅甫卸任交權 90後清華研究生張淵接掌蜜雪冰城CEO","url":"https://stock-news.laohu8.com/highlight/detail?id=2622880981","media":"财中社","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2622880981?lang=zh_tw&edition=fundamental","pubTime":"2026-03-26 11:35","pubTimestamp":1774496100,"startTime":"0","endTime":"0","summary":"3月24日，蜜雪集团（02097，下称“蜜雪冰城”）发布全年业绩报告：2025年实现营收335.6亿元，同比增长35.2%；归母净利润58.9亿元，同比增长32.7%。收入利润双双超过市场预期。业绩发布后，股价却先涨后跌。业绩发布后首个交易日，公司股价大涨5.95%。第二天即3月25日，公司股价收跌5.79%，前一交易日涨幅全部回吐。业绩发布当天，公司宣布管理层发生重要变动。","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://finance.eastmoney.com/a/202603263685255679.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"executive","news_rank":0,"length":0,"strategy_id":0,"source":"stock_eastmoney","symbols":["02097","BK1616","BK1233","BK1587"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2622860075","title":"千億「雪王」換帥：「投行精英」能解6萬門店中年危機？","url":"https://stock-news.laohu8.com/highlight/detail?id=2622860075","media":"市场资讯","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2622860075?lang=zh_tw&edition=fundamental","pubTime":"2026-03-25 20:07","pubTimestamp":1774440420,"startTime":"0","endTime":"0","summary":"炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！　　千亿“雪王”迎来新“舵手”。　　3月24日，蜜雪集团宣布重要人事变动，同步披露2025年业绩。　　财报显示，蜜雪冰城2025年营收335.6亿元，同比增长35.2%；净利润58.9亿元，同比增长32.7%，业绩提升主要得益于商品和设备销售收入的增长，以及加盟及相关服务收入的稳步提升。　　截至3月25日，蜜雪冰城报收322港元/股，下跌5.79%，总市值1222亿港元。","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.sina.com.cn/stock/s/2026-03-25/doc-inhsffcu3518819.shtml","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"sina","symbols":["BK4585","BK4118","BK4534","BK1587","BK4588","IE0034235071.USD","BK1233","LU1829250122.USD","UBS","LU1863844749.USD","CEO","LU1863844665.USD","02097","CFO","LU3187612489.SGD","BK1616"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2622215120","title":"蜜雪集團港股跌5.79% 一天市值蒸發約75億港元","url":"https://stock-news.laohu8.com/highlight/detail?id=2622215120","media":"中金财经","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2622215120?lang=zh_tw&edition=fundamental","pubTime":"2026-03-25 17:27","pubTimestamp":1774430821,"startTime":"0","endTime":"0","summary":"中国经济网北京3月25日讯 蜜雪集团(02097.HK)港股今日收报322.00港元，跌幅5.793%。\r\n\r\n　　蜜雪集团3月24日收报341.800港元，以其总股本3.796亿股计算，老铺黄金23日市值蒸发约75.16亿港元。","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://sc.stock.cnfol.com/gushizhibo/20260325/32097726.shtml","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"zhongjincaijing_highlight","symbols":["BK4585","BK4588","02097","VXUS","BK1233","BK1616","BK1587"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2622028708","title":"【券商聚焦】華安證券首予蜜雪冰城(02097)「買入」評級 指公司構建核心壁壘成長邏輯清晰","url":"https://stock-news.laohu8.com/highlight/detail?id=2622028708","media":"金吾财讯","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2622028708?lang=zh_tw&edition=fundamental","pubTime":"2026-03-25 15:33","pubTimestamp":1774423980,"startTime":"0","endTime":"0","summary":"报告的核心投资论点聚焦国内多元化拓圈、海外规模化扩张及IP赋能三大成长逻辑，首次覆盖给予“买入”评级。报告认为，现制茶饮行业步入“效率竞争”下半场，蜜雪集团的成长增量在于国内多元化拓圈与全球化拓展。","market":"other","thumbnail":"https://static.szfiu.com/news/20210810/MGVkMTYyODU4OTM2NDU2Mg==.jpg","type":0,"news_type":0,"thumbnails":["https://static.szfiu.com/news/20210810/MGVkMTYyODU4OTM2NDU2Mg==.jpg"],"rights":null,"property":["rate"],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"1977214","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["02097","600909"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2622604513","title":"中信里昂：上調蜜雪集團(02097)目標價至424港元 評級「跑贏大市」","url":"https://stock-news.laohu8.com/highlight/detail?id=2622604513","media":"智通财经","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2622604513?lang=zh_tw&edition=fundamental","pubTime":"2026-03-25 11:00","pubTimestamp":1774407642,"startTime":"0","endTime":"0","summary":"智通财经APP获悉，中信里昂发布研报称，上调蜜雪集团(02097)目标价4.4%，从406港元升至424港元，评级“跑赢大市”。2025年下半年，蜜雪门市数量同比增26%，推动收入增长32%。净利润增长25%至32亿元人民币，超出该行预期3%。市场对蜜雪的同店销售增长(SSSG)及自身的增长潜力表示担忧，但该行认为，即使在配送补贴政策实施前，蜜雪每日同比销量依然很高，这足以抵御单店销售下滑的周期性波动，并预计蜜雪将提高每杯零售价格以吸引加盟商。","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["rate"],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://www.zhitongcaijing.com/content/detail/1418535.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"stock_zhitongcaijing","symbols":["02097"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2622287043","title":"《大行》高盛降蜜雪集團(02097.HK)今明兩年盈測 目標價下調至450元","url":"https://stock-news.laohu8.com/highlight/detail?id=2622287043","media":"阿斯达克财经","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2622287043?lang=zh_tw&edition=fundamental","pubTime":"2026-03-25 10:15","pubTimestamp":1774404900,"startTime":"0","endTime":"0","summary":"高盛研究报告指出，蜜雪集团在业绩发布后的分析员会议上，为2026年提出新展望。高盛考虑到蜜雪集团2025年门店扩张速度较预期快，但被毛利率下降及营运开支增加所抵销，因此下调对集团今明两年盈利预测2%，同时引入2028年盈利预测。将集团目标价由493元下调至450元，维持“买入”评级，认为其成本与价格优势在强大供应链支持下，将支持长远门店扩张。","market":"sh","thumbnail":"https://plib.aastocks.com/aafnnews/image/medialib/20250303140014404_s.jpg","type":0,"news_type":0,"thumbnails":["https://plib.aastocks.com/aafnnews/image/medialib/20250303140014404_s.jpg"],"rights":{"source":"aastocks_highlight","url":"http://www.aastocks.com/tc/stocks/news/aafn-con/NOW.1512178/latest-news/AAFN","rn_cache_url":null,"directOrigin":true},"property":["rate"],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://www.aastocks.com/tc/stocks/news/aafn-con/NOW.1512178/latest-news/AAFN","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"aastocks_highlight","symbols":["02097"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1131774564","title":"異動解讀 | 蜜雪集團盤中大跌5.21%，換帥及毛利率下滑引發市場擔憂","url":"https://stock-news.laohu8.com/highlight/detail?id=1131774564","media":"异动解读","labels":["movement"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1131774564?lang=zh_tw&edition=fundamental","pubTime":"2026-03-25 09:42","pubTimestamp":1774402975,"startTime":"0","endTime":"0","summary":"蜜雪集团今日盘中股价大跌5.21%，引起了市场的广泛关注。消息面上，公司近期公布了2025年度业绩并宣布重要人事变动。业绩显示，尽管公司营收与净利润均实现超过30%的增长，但毛利率与净利率出现轻微下滑。同时，公司创始人张红甫卸任首席执行官，由原首席财务官张渊接任，这一管理层变动可能引发了市场对公司战略连续性与未来增长模式的疑虑。此外，相关报道指出，茶饮行业竞争加剧，公司面临平台补贴导致的线上订单迁移成本上升、海外部分市场门店优化调整等挑战。市场分析认为，由财务背景高管接任“掌舵手”，或意味着公司正从高速扩张转向精细化运营，投资者可能对此转型期的盈利能力与增长前景存在担忧。","market":"nz","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"movement","news_rank":0,"length":0,"strategy_id":0,"source":"ai_movement_cn","symbols":["02097"],"isVideo":false,"video":null,"gpt_icon":0}],"pageSize":20,"totalPage":10,"pageCount":6,"totalSize":200,"code":"91000000","status":"200"}]}}