东吴证券给予山西汾酒买入评级：步稳行健，笃志进取

每日经济新闻2025-04-30

东吴证券04月30日发布研报称，给予山西汾酒（600809.SH，最新价：203.07元）买入评级。评级理由主要包括：1）2024FY步稳行健，腰部、青花均有较快增长；2）结构推升毛利率表现超预期，税金比率同比回落；3）2025Q1结构持续抬升，费率略有波动。风险提示：宏观经济持续走弱超预期风险；紧缩形势加剧风险；省外竞争超预期风险等。AI点评：山西汾酒近一个月获得1份券商研报关注，买入1家。文章...

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