波司登FY25中报点评:核心主业稳发展 品类外延拓空间

华源证券
03 Dec 2024

公司发布2025 财年中期业绩。公司发布FY25 中报,上半财年实现营收88.0 亿元,同比+17.8%,营业利润14.7 亿元,同比+19.6%,归母净利润11.3 亿元,同比+23.0%,公司中期营收及归母净利润创历史新高、利润增速连续7 年高于收入增速;费率方面,公司FY25H1 归母净利率为12.8%,归母净利率维持增长趋势。分业务看,核心主业营收同增22.7%。拆分业务看,公司聚焦核心...

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