里昂发表报告指出,高鑫零售(06808.HK)截至3月底止上财年下半年扭亏为盈,由2024财年下半年的亏损12亿元人民币,扭转至2025财年下半年的净利润1.99亿元人民币,并于2025财年慷慨派息15亿元人民币,意味着派息率高达368%。管理层优先考虑销售扩张而非毛利率扩张,但仍预测2026财年经营利润率将因积极的规模效应及不断改善的经营效率而实现扩张。该行看好高鑫零售专注于提高产品定价竞争力,...
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