华鑫证券:首予H&H国际控股(01112.HK)“买入”评级 电商成为核心引擎

智通财经
Sep 11
【华鑫证券:首予H&H国际控股(01112.HK)“买入”评级 电商成为核心引擎】智通财经APP获悉,华鑫证券发布研报称,H&H国际控股(01112.HK)发布2025年中期业绩公告,25H1总营收70.19亿元(同增5%),经调整可比EBITDA为11.01亿元(同减3%),经调整可比纯利3.63亿元(同增5%)。该行预计公司2025-2027年EPS分别为0.79/1.05/1.30元,首次覆盖,给予“买入”投资评级。公司营收恢复增长,毛利明显改善,各线品牌产品在市场竞争中均实现一定突破,线上渠道拓展成效显著。

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