公司3 月27 日发布业绩公告,24 年实现营收439.9 亿元,同比+3%;归母净利润18.1 亿元,同比+519%,高于我们预期(13.6 亿元),主要因为应收账款和商誉减值低于我们预期;核心归母净利润30.4 亿元,同比-23%。公司核心业务毛利实现止跌回稳,资产减值高峰或已过去,进一步提振股东回报。但考虑到公司仍需时间消化历史负担和非核心业务的负面影响,我们维持“增持”评级。核心业务毛利...
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