净利润大幅下滑 高端化战略遇阻 燕之屋如何破局?

GPLP
Feb 27, 2025

作为“燕窝第一股”,燕之屋(01497.HK)2024年业绩呈现“冰火两重天”:全年收入预计增长2%-7%至20亿-21亿元,但净利润同比下滑15%-25%,市值较上市初期缩水超三成。反差背后,是营销费用激增、研发投入薄弱、消费环境变化等多重挑战的集中爆发。2024年初燕之屋宣布巩俐成为其品牌全球代言人,同年5月,签约拥有巨大流量的青年演员王一博。但这种双代言人的模式需要巨大的投入,侵蚀了净利润。...

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