华润啤酒:啤酒升级持续 白酒受益协同

申万宏源研究
19 Mar

事件:华润啤酒披露2024 年年报。2024 年公司实现营业收入386.35 亿,同比下降0.76%,股东应占利润47.4 亿,同比下降8%,扣非净利润47.4 亿,同比增长18.6%。公司董事会议拟宣派股息每股0.387 元,连同2024 年中期股息每股0.373 元,2024 年度派息每股0.76 元,合计分红总额24.6 亿,分红率52%。公司业绩符合市场预期。投资评级与估值:考虑到啤酒结构...

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