蒙牛(02319.HK)称高毛利产品增长抵销奶价上升 售君乐宝後利润率指标料改善
蒙牛(02319.HK)总裁卢敏放在中期业绩记者会上表示,集团今年上半年毛利率按年下降0.1个百分点至39.1%,不过若撇除早前公布出售的君乐宝乳业,上半年毛利率表现属按年持平。他称上半年奶价上升5%至6%,增幅较集团预期为高,但同时旗下高毛利产品增长较高,加上其他原材料成本下降,以及税率有正面影响,抵销了奶价的上升,使毛利率得以维持。
他指,集团维持今年全年经营支出的目标,收入增长目标亦维持低双位数,经营利润率全年扩张50点子的目标也保持不变,预期集团在下半年将继续产品结构调整,利好因素亦料将持续。而未来五年,集团收入增长目标为不低於双位数。
首席执行官张平补充称,出售君乐宝应可在下半年交割,集团今年同口径计收入增长低双位数目标不变,预期出售後集团的利润率指标会有所改善。
现代牧业(01117.HK)早前向新乳业配发股份,卢敏放指现代牧业作出增发股份,是希望增加资金及降负债,使营运表现更好,集团无刻意改变现代牧业股权,亦没有目标及时间表要降低持股水平。
另外,对於竞争对手开始进军乳制品以外的饮料市场,他认为乳业相关市场具大,集团希望将有能力的领域做精做强,而且其他市场本身亦有行业巨头,打消耗战是没有意义。
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