《大行》招商证券重申泡泡玛特(09992.HK)“减持”评级 LABUBU爆火后缺乏热门IP

阿斯达克财经
May 14

招商证券国际发表报告,指泡泡玛特(09992.HK) 首季度业绩符合下调后的预期,但料全年利润率承压。报告提到,公司计划在未来一至两年加速海外市场的能力建设,包括完善零售与会员体系、积累粉丝、沉淀IP文化,同时推动团队成熟。招商证券引述公司利润率指引指,今年受国际环境影响,PVC、布料包装等原材料成本按年上升3至5个百分点,预计拖累整体毛利率约0.5个百分点;国际油价及航运波动导致海运费、燃油...

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