《大行》高盛料下半年中国IP及玩具需求增长因高基数放缓 海外趋势分化加剧

阿斯达克财经
Sep 11

高盛发表研究报告指,覆盖中国IP零售商及玩具公司2026年上半年/第二季业绩好坏参半,泡泡玛特(09992.HK) 及名创优品(09896.HK) 盈利偏软,布鲁可(00325.HK) 销售则强于预期。泡泡玛特经调整纯利低于该行预期13%,受累海外市场,收入亦低于预期约10%,内地市场亦略逊。该行指,名创优品内地销售强于预期,惟海外分销商销售偏弱及经营去杠杆拖累利润率;布鲁可收入高于该行预期6%,...

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