飞鹤市值蒸发千亿港元,资本市场为何对“一哥”失去信心?

新浪财经
Jul 03, 2025

曾几何时,飞鹤凭借“更适合中国宝宝体质”的差异化口号横扫市场,从区域品牌一路突围登顶国产奶粉龙头,巅峰时市值突破2000亿港元,风光无两。然而市场风向骤变,如今的飞鹤正经历着股价持续震荡下行的阵痛。截至7月1日,飞鹤股价为5.710港元,总市值为517.74亿港元,其股价较高峰值的24.339港元跌幅约76%,市值蒸发约1689亿港元。“奶粉一哥”为何未能持续赢得 资本市场 的青睐?营收结构单一,...

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