智通财经APP获悉，优然牧业(09858)现涨超4%，截至发稿，涨3.23%，报2.56港元，成交额2392.75万港元。
消息面上，优然牧业发布年度业绩，实现收入200.96亿元，同比增长7.5%。公司调整后溢利表现亮眼，现金EBITDA率显著提升。2024年现金EBITDA为53.25亿元，同增38.3%；现金EBITDA率达26.5%，同比提升5.9pcts。此外，受益于产能释放与销量增加，2024年原料奶业务营收为151.01亿元，同增17.0%，占总收入75.1%。
华泰证券指出，展望来看，预计在后续Q2淡季奶价回落&Q3饲料集中采购的背景下，上游牧场或加速出清，25H2原奶周期有望走向供需平衡；叠加公司积极优化牛群结构、提升产品结构，后续有望随市场供需企稳而走出业绩低谷、释放利润弹性。花旗发布研报称，由于公司盈利和自由现金流对原奶价格高度敏感，而行业稳定的趋势下，预期在目前的水平上行多于下行。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.