深度探讨国内供应链的“成本博弈”与渠道商的“修复韧性”:NIKE企稳与ADIDAS突围后的考验

国泰海通证券股...
Jan 13

报告背景Nike与Adidas作为全球运动服饰领域的两大龙头,其战略方向与业绩波动是A+H纺服板块投资最重要的风向标之一,二者不仅定义了行业景气度,更通过深度的产业链绑定,直接决定了核心标的的估值逻辑与业绩弹性:1.制造端(Alpha来源):头部代工龙头品牌集中度较高,Nike与Adidas多合计贡献超过30%,巨头的订单分配策略直接决定了供应商的产能利用率与业绩波动。2.零售端(格局重塑):二者...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10