智通财经APP获悉，中信里昂发布研报称，上调蜜雪集团(02097)目标价4.4%，从406港元升至424港元，评级“跑赢大市”。
2025年下半年，蜜雪门市数量同比增26%，推动收入增长32%。净利润增长25%至32亿元人民币，超出该行预期3%。市场对蜜雪的同店销售增长(SSSG)及自身的增长潜力表示担忧，但该行认为，即使在配送补贴政策实施前，蜜雪每日同比销量依然很高，这足以抵御单店销售下滑的周期性波动，并预计蜜雪将提高每杯零售价格以吸引加盟商。
智通财经APP获悉，中信里昂发布研报称，上调蜜雪集团(02097)目标价4.4%，从406港元升至424港元，评级“跑赢大市”。
2025年下半年，蜜雪门市数量同比增26%，推动收入增长32%。净利润增长25%至32亿元人民币，超出该行预期3%。市场对蜜雪的同店销售增长(SSSG)及自身的增长潜力表示担忧，但该行认为，即使在配送补贴政策实施前，蜜雪每日同比销量依然很高，这足以抵御单店销售下滑的周期性波动，并预计蜜雪将提高每杯零售价格以吸引加盟商。
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.