华福证券：奢侈品行业回暖与挑战并存对中国市场奢侈品管理层持有积极态度

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智通财经APP获悉，华福证券发布研报称，2025年四季度，奢侈品行业延续回暖趋势，珠宝腕表品类增速领先，运动成衣与香化品类保持正增长，酒水品类持续承压。区域表现分化，美洲市场增速放缓，大中华区持续修复，成为多家集团业绩改善的重要支撑。展望2026年，多数集团对增长持谨慎乐观态度，聚焦盈利质量提升。华福证券主要观点如下：奢侈品行业复苏延续，中国市场边际持续改善2025年四季度，奢侈品行业整体延续...

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华福证券：奢侈品行业回暖与挑战并存 对中国市场奢侈品管理层持有积极态度

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华福证券：奢侈品行业回暖与挑战并存对中国市场奢侈品管理层持有积极态度