华润啤酒：高端化逻辑未改，减值出清迎弹性-20260326

华润啤酒（291） 更新报告 高端化逻辑未改，减值出清迎弹性 盈利摘要 股价表现 | 财务年度截至12月31日 | | | | 2024历史 2025历史 2026预测 2027预测 2028预测 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 营业额(百万元) | | 38,635.0 | 37,985.0 | 39,847.4 | 41,011.4 | 42,080.5 | | | | 变动(%) | -0.8% | -1.7% | 4.9% | 2.9% | 2.6% | | | 归母净利润(百万元) | | 4,739.0 | 3,371.0 | 5,888.0 | 6,256.9 | 6,491.0 | | | | 变动(%) | -8.0% | -28.9% | 74.7% | 6.3% | 3.7% | | | 基本每股收益(元) | | 1.46 | 1.04 | 1.81 | 1.93 | 2.00 | | | 市盈率@26港元(倍) | | 16.39 | 23.01 | 13.19 | 12.41 | 11.96 | ...