赢家时尚半年报点评:净利润表现稳健,渠道优化持续推进

国盛证券
Aug 26, 2025

2025H1公司收入31.0亿元/净利润2.9亿元,同比分别-6%/+2%。1)2025H1:公司收入/净利润分别为31.0/2.9亿元,同比分别-6%/+2%,业绩表现稳健。2)盈利质量方面:2025H1公司毛利率同比+0.1pct至76.4%;销售费用率同比-1.2pct至56.3%;管理费用率同比-1.1pct至10.1%;综合以上,2025H1公司净利率同比+0.8pct至9.3%。品牌线...

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