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蒙牛(02319.HK)稱高毛利產品增長抵銷奶價上升 售君樂寶後利潤率指標料改善
阿思達克 08-29 12:15

蒙牛(02319.HK)總裁盧敏放在中期業績記者會上表示,集團今年上半年毛利率按年下降0.1個百分點至39.1%,不過若撇除早前公布出售的君樂寶乳業,上半年毛利率表現屬按年持平。他稱上半年奶價上升5%至6%,增幅較集團預期為高,但同時旗下高毛利產品增長較高,加上其他原材料成本下降,以及稅率有正面影響,抵銷了奶價的上升,使毛利率得以維持。

他指,集團維持今年全年經營支出的目標,收入增長目標亦維持低雙位數,經營利潤率全年擴張50點子的目標也保持不變,預期集團在下半年將繼續產品結構調整,利好因素亦料將持續。而未來五年,集團收入增長目標為不低於雙位數。

首席執行官張平補充稱,出售君樂寶應可在下半年交割,集團今年同口徑計收入增長低雙位數目標不變,預期出售後集團的利潤率指標會有所改善。

現代牧業(01117.HK)早前向新乳業配發股份,盧敏放指現代牧業作出增發股份,是希望增加資金及降負債,使營運表現更好,集團無刻意改變現代牧業股權,亦沒有目標及時間表要降低持股水平。

另外,對於競爭對手開始進軍乳製品以外的飲料市場,他認為乳業相關市場具大,集團希望將有能力的領域做精做強,而且其他市場本身亦有行業巨頭,打消耗戰是沒有意義。

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