You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
研報掘金丨東方財富證券:來伊份業績穩健增長,關注疫後加盟拓展提速
格隆匯5月16日丨東方財富證券研報指出,日前,來伊份(603777.SH)發佈2022年報和2023年一季報,業績穩健增長。公司積極推行加盟制度,也通過直營轉加盟,降低門店期間費用。隨着全渠道佈局的開展,加盟批發收入和特渠業務增長較快;電商業務經優化產品結構,業務規模略有下降。另外,公司利潤率相對平穩,銷售費用率下降明顯。隨疫情結束消費回暖,公司能夠順利開拓加盟商,充分發揮全渠道一體化平台的優勢。該行預計2023-2025年實現營業收入分別為46.53/50.25/53.20億元,歸母淨利潤分別為0.92/1.14/1.24億元,對應EPS分別為0.27/0.34/0.37元/股,對應PE分別為60/48/44。首次覆蓋,給予“增持”評級。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account