1个农夫山泉≈23个华润饮料 怡宝“水战”输在哪?解开市值悬殊之谜

每日经济新闻
Oct 17, 2025

2元,2元,还是2元。  超市货架上,规格相似的农夫山泉矿泉水、怡宝纯净水并排陈列,它们就像是双胞胎:标签上的零售价整齐划一,同样拧盖即饮,口感差异甚微,在消费者眼里几乎是“可替代选项”。  二级市场上,它们之间却有着像是“摩天大楼与平房”的天差地别:农夫山泉市值5994亿港元,怡宝母公司华润饮料市值仅264亿港元这些2元水的背后,到底藏着怎样的价值密码?同为龙头水企,资本市场为何给出了如此悬殊的...

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