6月27日，波司登（03998）盘中大跌5.19%，引发市场关注。该公司昨日公布的2024/25财年业绩显示，尽管收入和净利润均实现双位数增长，但毛利率出现下滑。
根据财报，波司登2024/25财年收入同比增长11.6%至259.02亿元人民币，公司权益股东应占溢利增加14.31%至35.14亿元。然而，公司毛利率同比下降2.3个百分点至57.3%，主要受到渠道结构变化、产品品类结构变化及原材料成本上升的影响。
分析人士指出，尽管波司登业绩整体向好，但毛利率的下滑引发了市场对公司盈利能力的担忧。此外，女装业务收入同比下降20.6%，也可能对投资者信心产生负面影响。市场将密切关注公司未来在成本控制和业务多元化方面的表现。
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