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.
研報掘金丨海通國際:華利集團業績延續穩健增長趨勢,毛利率將有望回升至高位

海通國際研報指出,華利集團(300979.SZ)管理層表示,2024年華利集團工廠數量由2023年的16座增至20座,總員工人數達到17萬人,全年出貨量達2.23億雙,同比增長逾17%;營收和淨利潤分別達到240億元與38億元,延續穩健增長趨勢。公司持續進行產能升級並加大自動化投入,通過資源整合、嚴控成本和新廠投產提升整體運營效率。公司當前產能主要集中於越南,依託當地低成本勞動力和稅收優惠,單位成本低於同行。自2005年起公司在越南當地陸續設廠,年產能超過2億雙。根據公司產能擴建計劃,公司未來將繼續在印尼、越南新建工廠,以進一步分散區域風險、增強產能韌性。隨着新工廠的落地,產能有爬坡期,短期或拖累毛利率表現,但隨着工人效率和產能利用率的提升,毛利率將有望回升至高位,季度間毛利率會跟隨是否有新工廠投產或產能爬坡波動。

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