华润啤酒24年稳定收官,25年改善可期

招商证券
19 Mar

面对复杂多变的市场环境、天气、低端市场容量收缩及基数影响,公司24年啤酒销量承压但高端化跑赢行业,白酒整合初见成效,摘要大单品快速增长。25年1-2月公司在高基数下取得良好开局,为全年利润恢复较快增长奠定基础。事件:公司发布2024年度报告,公司24年实现营业收入/归母净利润分别为386.4/47.4亿,同比-0.8%/-8.0%,剔除关厂减值&安置费用及政府补助等一次性影响,归母净利润45.7亿...

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