异动解读｜古茗盘中下跌3.08%，餐饮板块持续走弱叠加加盟新政及扩张放缓短期承压

行情直击09-10

9月10日，古茗盘中下跌3.08%，报23.26港元，成交额5948.65万港元。餐饮板块延续弱势，海底捞跌3.53%，美团跌2.51%，蜜雪集团跌2.45%，行业情绪持续低迷。

消息面上，古茗近期将加盟费由一次性收取9.88万元调整为按年收取每年1.5万元，并提高闭店补贴力度。政策虽有利于降低加盟商前期资金压力、促进长期扩张，但短期加盟费收入节奏或受影响。同时公司开店速度明显放缓，上半年净增仅797家，新增加盟商由1338名降至800名，叠加市场对行业从"拼规模"转向"拼效率"的估值逻辑重构，多家券商此前已下调茶饮股目标价及估值倍数，短期股价承压。

（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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