《大行》中金料茶百道(02555.HK)明年盈利有望改善 未来3年分红比例有望达60%至80%

阿斯达克财经
Dec 09, 2025

中金研报指,近期参加茶百道(02555.HK) 投资者日活动,与公司管理层展开交流,认为公司2024至2025年处于深度调整期,目前已经初见成效,2026年有望进一步改善。同时,公司预计明年有望发力咖啡品类,用鲜奶和鲜果出品,弥补早晨营业额,增加门店的规模效应。中金表示,2025年,公司收回加盟商补贴,通过出品标准化、智能化泡茶机、督导职能改革、半工业化原料处理提升门店盈利能力,预计2026年门店...

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