周黑鸭:关店提效主业有望企稳关注新品新渠道表现

申万宏源研究
23 Apr

投资要点:事件:公司发布2024 年报,根据公司公告,2024 年公司实现营业收入24.51 亿,同比下降10.7%,归母净利润0.98 亿,同比下降15%,公司业绩符合市场预期。2024 年公司拟派息每股0.05 港元,合计派息人民币1.02 亿,派息率104%。投资评级与估值:出于对下游消费场景恢复的谨慎性假设,我们预计2025~2027 年公司气调包装产品收入同比-5%/+4%/+10%;...

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