异动解读｜万国数据-SW盘中下跌3.14%，利润质量争议叠加产能扩张不及预期持续承压

行情直击06-18

6月18日，万国数据-SW盘中下跌3.14%，报31.72港元/股，成交额1215.36万港元。该股此前短暂反弹后再度走弱，延续近期调整态势。

消息面上，公司一季度净利润26.52亿元中超八成源于DayOne股权操作带来的一次性投资收益，剔除后核心业务收入增速放缓至个位数，利润质量争议持续发酵。高盛此前下调目标价至47港元，指出国内芯片供应限制导致实际产能扩张和客户入驻进度逊于预期，将拖累短期收入及EBITDA表现。此外，管理层重申未来三年300亿至500亿元巨额资本开支计划，叠加总负债516.93亿元的高杠杆格局及经营性现金流缩水，市场对短期财务压力的担忧持续压制估值。

（以上内容均基于市场公开消息，由程序或算法智能生成，仅作为股价异动提醒，不作为投资建议或交易依据。）

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

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