大行评级｜瑞银：华润饮料中期净利润预告逊预期或对整体饮料行业带来负面影响

格隆汇2025-07-28

瑞银发表报告指，华润饮料预计上半年净利润将按年减少约20%至30%，低于市场预期按年增长双位数。该公司管理层在随后的分析师和投资者会议上表示，净利润下降的主要原因是包装水行业竞争加剧，要求更高的销售与分销(S&D)开支；产品组合的变化导致毛利率下降。该行预计，华润饮料的盈警将对整体饮料行业带来负面影响。同时亦注意到华润饮料计划派发中期股息。该行亦预计，市场对华润饮料的盈警反应负面，因大幅逊市场...

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大行评级｜瑞银：华润饮料中期净利润预告逊预期 或对整体饮料行业带来负面影响

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大行评级｜瑞银：华润饮料中期净利润预告逊预期或对整体饮料行业带来负面影响