本报告导读：预计FY2024Q4 海外增速符合预期，国内表现略有波动；海外直营拓店驱动，2025年收入增长有望加速，预计同店环比2024H2 呈现改善。投资要点：维持“增持” 评级。考虑到可转换债券发行的财务影响，下调预计公司2024-2026 年经调整净利润分别为27.43/33.08/39.84 亿元（原值27.51/33.42/40.23 亿元）。海外加速拓店叠加IP 策略推进发力，成长空间...
Source Link本报告导读：预计FY2024Q4 海外增速符合预期，国内表现略有波动；海外直营拓店驱动，2025年收入增长有望加速，预计同店环比2024H2 呈现改善。投资要点：维持“增持” 评级。考虑到可转换债券发行的财务影响，下调预计公司2024-2026 年经调整净利润分别为27.43/33.08/39.84 亿元（原值27.51/33.42/40.23 亿元）。海外加速拓店叠加IP 策略推进发力，成长空间...
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