乐舒适(02698)公布2025年业绩经调整净利润约1.22亿美元同比增长24.4%

智通财经

Mar 20

智通财经APP讯，乐舒适(02698)公布2025年业绩，收入约5.67亿美元，同比增长24.9%;毛利增长27.1%至2.035亿美元，净利约1.21亿美元，同比增长27.4%;经调整净利润约1.22亿美元，同比增长24.4%;每股盈利23美分，末期股息每股8.88美分。

公告称，收益增长主要得益于销量与平均售价的协同增长。销量方面，集团依托新兴市场人口持续增长，以及城镇化水平和健康意识提升，卫生产品渗透率不断提高。在此发展趋势下，集团持续深化批发商及经销商的销售渠道，在核心市场保持龙头地位，销售稳步上升。同时，集团战略性地在非洲多个国家布局工厂，将产品出口至周边国家，并积极拓展拉丁美洲市场，进一步带动销量增长。平均售价方面，各品类平均售价上升4%至7%，主要受惠于2025年下半年集团多数经营地区货币兑美元汇率走强，以及集团结合多元化产品矩阵、各国消费能力与竞争格局所制定的多维度、适配性定价策略。

毛利率由2024年的35.2%提升至2025年的35.9%，主要因： (i) 2025年下半年集团大部分经营所在地货币兑美元汇率走强，带动平均售价和单位成本上升，综合影响下驱动毛利率的提升;(ii)集团加强新兴市场渗透、塬有产品升级迭代和产品结构调整等手段的综合影响。

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