金吾财讯 | 大麦娱乐（01060.HK）今日盘中大跌6.45%，引发市场关注。截至发稿，该股报0.858港元/股。
尽管公司近期发布的2026财年上半年业绩表现优于预期，但投资者似乎对公司毛利率下滑表示担忧。根据财报，大麦娱乐实现总收入40.47亿元，同比增长33%；归母净利润5.20亿元，同比增长54%。然而，公司毛利率为35.7%，同比下降7.5个百分点，主要由于毛利率较低的现场娱乐与IP衍生业务占比提升所致。
分析人士指出，尽管公司在演出内容、IP衍生业务等方面表现亮眼，但演出市场整体供给瓶颈可能影响公司未来增长。此外，公司在新业务领域的投入可能对短期盈利水平造成一定压力。投资者可能正在权衡公司长期增长潜力与短期盈利压力，导致股价出现波动。未来公司能否通过国际化战略和IP业务拓展来提升盈利能力，将成为市场关注的焦点。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.