智通财经APP获悉,招商证券发布研究报告称,维持中教控股(00839)“增持”评级,下调对2025至2026财年的核心净利润预测7至8%,以反映公司增速放缓、去杠杆和更高的税费。目标价从7.8港元下调至4.9港元。
公司核心业务保持稳健,2024财年收入66亿元人民币(下同),同比增长17%,符合预期。毛利率为55%,经调整净利润为20亿元,同比增长3%,符合预期。经调整净利润率从去年的34%收窄至今年的30%。报告净利润为4.18亿元人民币,同比下滑70%,主要因为公司计提约19亿元的商誉/无形资产减值,该笔减值源于对三所并购学校增长预期的下修。
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.