泡泡玛特:海外市场增长迅速 IP商业化体系更为多元

中泰证券
30 Mar

事件:公司披露2024 年财报数据,2024 年主营业务实现收入130.4 亿元,同比增长106.9%;净利润达33.1 亿元,同比增长203.9%,经调整后净利润为34.0 亿元,同比增长185.9%,经调整后净利润率为26.1%。点评:财务分析:公司2024 年毛利润达87.1 亿元,同比增长125.4%,毛利率达66.8%,同比增长5.5pct。毛利率上升主要因一方面公司港澳台及海外渠道收入...

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