港股异动 | 中国飞鹤(06186)涨超3% 公司渠道库存保持健康 机构预计下半年毛利率将进一步扩大

智通财经网
Sep 11, 2024

智通财经APP获悉,中国飞鹤(06186)涨超3%,截至发稿,涨3.14%,报港4.27元,成交额3460.34万港元。

瑞银发布研报称,中国飞鹤上半年业绩表现优于预期。该行认为,飞鹤上半年渠道库存保持健康,毛利率提升,主要得益于产品的持续升级、消费者购买力较强的沿海省份的渠道渗透以及促销力度的加强。预计下半年,随着飞鹤超高端产品的持续推出以及高端城市和线上渠道的渗透率不断提高,毛利率将进一步扩大。

交银国际认为,中国飞鹤高端系列推动收入增长和利润率提升;收入端未来增长动力逐渐清晰。受益于高端产品的持续升级,飞鹤上半年毛利率显着提升。未来的增长动力主要包括国产品牌市占率扩大;市场集中度的提升;高端细分市场的增长。

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