【方正家电】历史视角看大宗及汇率波动对家电盈利影响

家电新岸线
Feb 11

本文来自方正证券研究所于2026年2月11日发布的报告,欲了解具体内容,请阅读报告原文《历史视角看大宗及汇率波动对家电盈利影响》罗岸阳 S1220525090001吴慧迪 S1220523110002报告摘要成本端:2025年以来家电主要原材料成本走势分化,大宗原料铜、铝等价格均经历较大波动,但对家电企业来说整体压力可控。近年来共有三轮比较明显的原材料波动周期,我们对历史进行复盘,并结合本轮原材料...

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