研报掘金丨华泰证券:维持名创优品“买入”评级 关注公司精细化营运措施显效

格隆汇资讯
27 May

华泰证券发表研究报告指,名创优品今年首季营收按年增长18.9%至44.3亿元,高于此前指引范围(升15%至18%),主要原因是国内渠道升级及货盘优化带动同店表现修复;经调整净利润按年下降4.8%至5.9亿元,主因是直营门店快速拓展,短期内投入较大,对整体利润率产生结构性影响,以及财务费用增加等。考虑到关税、直营投入等不确定因素,将名创优品2025至27年经调整净利润预测下调7.1%、9%及9%,至...

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