研報掘金丨浙商證券:海爾智家海外收入仍實現平穩增長,分紅比例提升至48%
浙商證券研報指出,海爾智家(600690.SH)24年歸母淨利潤187.41億元,同比+12.92%。對應2024Q4歸母淨利潤35.87億元,同比+3.96%。歐美需求放緩情況下,海外收入仍實現平穩增長,彰顯經營韌性。經營提效取得階段性成果,財務費用波動導致Q4歸母淨利潤增速放緩。分紅比例提升至48%,推出回購計劃。另外,在海外降息背景下利息壓力有望緩釋,看好公司數字化改革持續助經營能力優化當前美聯儲點陣圖顯示預計2025年內降息50BP,有望一定程度緩解公司海外利息支出壓力;另一方面,2024年來公司數字化改革成效明顯,看好AI應用賦能+數字化改革深入繼續驅動公司經營提效。
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