华润万象生活(1209.HK)跟踪报告:经营利润高增 派息持续慷慨

光大证券
Sep 21, 2025

事件:公司2025H1 营收同比+6.5%,归母净利润同比+7.4%。1、公司2025H1 收入85 亿元,同比+6.5%,其中商业板块收入32.7 亿元,同比+14.6%;物业板块收入51.6 亿元,同比+1.1%;毛利为31.7 亿元,同比+16.3%;毛利率为37.1%,同比提升3.1pct;归母净利润为20.3 亿元,同比+7.4%。2、关联房企华润置地8 月全口径销售额132 亿元,同比...

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