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.
研報掘金丨華鑫證券:首予孩子王“買入”評級,業績有望實現大幅增長

華鑫證券日前研報指出,2025H1孩子王業績在母嬰行業整體承壓的背景下實現超預期增長,主要得益於公司圍繞“三擴”戰略(擴品類、擴賽道、擴業態),聚焦年度“復購、加盟、同城數字化”三大必贏之戰,持續推進門店場景升級與供應鏈優化,強化單客經營和精細化運營,深度挖掘用戶單客產值,同時全面推進與樂友國際的深度融合,發揮整合協同效應。另外,公司積極佈局AI+消費賽道,對內實行運營管理數智化提效,對外與火山引擎共建伴身智能硬件孵化器,聯合打造AIAgent及垂類大模型,上半年成功推出自研AI智能情感夥伴系列玩偶,預計未來將持續賦能公司業務,提升產品價值與客羣粘性,貢獻增量。公司聚焦母嬰童商品零售及增值服務,爲0-14歲嬰童和孕婦提供一站式購物及全方位成長服務。下半年隨着加盟業務放量、絲域實業並表,公司業績有望實現大幅增長。首次覆蓋,給予“買入”投資評級。

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