【券商聚焦】交银国际维持李宁中性评级 指细分行业消费力恢复尚存不确定性

金吾财讯
Jan 16

(原标题:【券商聚焦】交银国际维持李宁(02331)中性评级 指细分行业消费力恢复尚存不确定性)金吾财讯 | 交银国际研报指,李宁(02331)2025年4季度李宁品牌(不包括李宁YOUNG)全平台零售流水录得低单位数下降。相较于3季度中单位数降幅,4季度下滑幅度有所收窄,其中10月受假期带动实现小幅增长,11-12月则转为低至中单位数下滑。销售端显示年底促销及季节性因素带来的边际改善,但品牌复苏...

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