中金:升美图公司(01357)目标价至10.8港元 维持“跑赢行业”评级

智通财经网
Aug 20, 2025

智通财经APP获悉,中金发布研报称,考虑美图公司(01357)成本费用控制较好,上调2025/2026年经调整净利润预测11%及10%,至9亿及12亿元;维持“跑赢行业”评级,上调目标价50%至10.8港元,相当于预测明年经调整市盈率36倍。

报告指,美图公司上半年收入同比增12.3%至18.2亿元人民币(下同),经调整净利润同比增71.3%至4.7亿元,主要因高毛利订阅业务占比提升。美图过去以年度为单位,按经调整净利润的40%分红,公司业绩会表示,此次将保持该分红比例,但改为中期+年度两次派发,后续需经特别股东大会通过。

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