A股異動丨東阿阿膠低開高走 短期業績承壓 長期有望迴歸良性發展
格隆匯10月31日丨受慘淡的三季報影響,東阿阿膠(000423.SZ)今日低開逾1%,利空出盡後場外資金湧入,現漲至5.7%,報35.61元,成交3.76億元,總市值233億元。

公司公佈1-3Q2019業績,收入28.30億元,同比下降35.45%;歸母淨利潤2.09億元,同比下降82.95%;扣非後淨利潤1.39億元,同比下降87.38%。第三季度公司收入9.40億元,下滑32.79%;歸母淨利1,594萬元,下滑95.61%;扣非後淨虧損457萬元,下滑101.41%。
中金公司隨後發佈研報稱,東阿阿膠塊和漿的出貨量依然下滑明顯,渠道庫存調整壓力大。預計全年業績壓力大,渠道梳理所需時間尚難確定。但中長期看,醫藥零售行業格局正在發生變化,品牌工業自帶流量,將藉助新零售模式實現流量變現,認為公司作為滋補領域龍頭品牌企業,有望迴歸良性發展。 此外,截至2019年9月末,公司累計回購股份6,174,237股,佔公司總股本的0.94%,合計支付總金額約2.27億元。回購進展順利,體現管理層對公司未來發展信心。且若後續員工激勵計劃能順利實施,預計將有助於調動員工積極性。
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