研报掘金丨中金：维持陆家嘴“跑赢行业”评级，看好未来两年业绩

格隆汇07-31

中金公司研报指出，陆家嘴1H26营收同比+23%至81亿元，主要为地产销售业务（即星展银行大厦出售结利）同比+38%至37亿元，带动毛利率同比+7.1ppt 至57.9%（考虑土增税补缴后，税后毛利率31.2%）。此外受大环境影响，租赁业务结算毛利率-23.4ppt 至41.9%。最终1H26录得归母净利润11.1亿元，同比+36%。期间办公物业出售带动1H26业绩增逾三成，略好于我们预期。太古源...

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