智通财经APP获悉，裕元集团(00551)再跌超4%，截至发稿，跌2.78%，报16.06港元，成交额1.06亿港元。
消息面上，3月12日，裕元集团公布2025年业绩，公司拥有人应占溢利约3.81亿美元，同比减少2.9%；每股基本盈利23.76美仙，拟派末期股息每股0.9港元。大和指出，裕元集团管理层强调，今年一季度订单能见度持续疲软，销量及毛利率可能因中国、越南及印尼多个长假期、持续的关税分摊安排，以及客户订货步伐审慎而按年受压。占裕元代工收入约70%的四个品牌客户仍需进行关税分摊，对裕元的平均售价造成低单位数影响。
大和续指，管理层对代工业务展望表达审慎看法，根据指引，2026年平均售价及销量持平至略为偏软，并指订单能见度减弱至约2至3个月。鉴于裕元集团自去年4月以来股价相对代工同业表现强劲，该行目前认为公司相对同业估值合理。
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.