中信证券 财富管理与中信里昂研究观点一致。根据中信里昂研究在2026年2月12日发布的题为《4Q25largely inline》的报告，2025年四季度有机收入同比下降4%，有机标准化EBITDA同比下降25%，基本符合市场一致预期。因税项支出高于预估，净亏损大于预测。中国市场仍拖累整体表现，收入下降11%，销量降幅环比收窄，但受家庭渠道支持投入及不利产品组合变化影响，平均售价承压。韩国及...
Source Link中信证券 财富管理与中信里昂研究观点一致。根据中信里昂研究在2026年2月12日发布的题为《4Q25largely inline》的报告，2025年四季度有机收入同比下降4%，有机标准化EBITDA同比下降25%，基本符合市场一致预期。因税项支出高于预估，净亏损大于预测。中国市场仍拖累整体表现，收入下降11%，销量降幅环比收窄，但受家庭渠道支持投入及不利产品组合变化影响，平均售价承压。韩国及...
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