智通财经APP获悉，统一企业中国(00220)再涨超4%，截至发稿，涨3.77%，报7.7港元，成交额870.72万港元。
中金发布研报称，预期公司2024年收入同比+6.2%，净利润18.5亿元，同比+11.1%，扣非净利润(23年剔除1Q一次性收益)同比+31.2%，对应单4Q净利润2.2亿元，同比+8%，与市场预期基本一致。该行预计，4Q24饮料收入延续较好表现，食品业务同比增速回升；4Q24毛销差延续提升，4Q利润高基数下同比实现增长。
该行续指，受益于出行、新品推广等，饮料行业于2023-24年整体需求相对疲弱下同比实现较好增长；考虑出行及新品推广等有利因素有望延续，而需求亦有望逐渐复苏，预计25年公司收入在饮料带动下有望继续实现同比稳健增长。利润端，展望25年，尽管棕榈油价格近期上涨较多，对面的毛利率或有一定不利影响，但考虑白糖成本仍有利好、减促、产能利用率提升及结构改善等，预计公司饮料利润率提升或有望带动整体利润率改善。
中长期看，饮料行业较好景气度有望利好业绩持续成长，此外考虑面行业格局相对稳定及竞对利润诉求增强，统一面的利润率同比亦有望改善，1H24 OPM为2.9%，公司希望未来修复至历史高点中单位数水平。
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