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潮宏基(002345):产品结构优化升级、渠道扩张加速、品牌势能稳步向上
上 市 公 司 纺织服饰 2025 年 08 月 27 日 潮宏基 (002345) ——2025 年中报点评:产品结构优化升级、渠道扩张加 速、品牌势能稳步向上 财务数据及盈利预测 | | 2024 | 2025H1 | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入(百万元) | 6,518 | 4,102 | 7,719 | 9,182 | 10,952 | | 同比增长率(%) | 10.5 | 19.5 | 18.4 | 19.0 | 19.3 | | 归母净利润(百万元) | 194 | 331 | 561 | 685 | 849 | | 同比增长率(%) | -41.9 | 44.3 | 189.7 | 22.2 | 23.9 | | 每股收益(元/股) | 0.22 | 0.37 | 0.63 | 0.77 | 0.96 | | 毛利率(%) | 23.6 | 23.8 | 24.1 | 23.6 | 23.1 | | ROE(%) | 5.5 | 9.1 | 14.8 | 16.8 | 19.1 | ...
潮宏基(002345):2025年中报点评:单店显著增长,加强产品研发
Changjiang Securities· 2025-08-26 15:02
丨证券研究报告丨 公司研究丨点评报告丨潮宏基(002345.SZ) [Table_Title] 潮宏基 2025 年中报点评:单店显著增长,加强 产品研发 报告要点 [Table_Summary] 2025 上半年公司实现收入 41.0 亿元,同比增长 20%,归母净利润 3.3 亿元,同比增长 44%, 单二季度实现收入 18.5 亿元,同比增长 13%,归母净利润 1.4 亿元,同比增长 44%。 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 分析师及联系人 [Table_Author] SAC:S0490514080004 SAC:S0490520080019 SAC:S0490525080008 SFC:BUV258 李锦 罗祎 张彦淳 潮宏基(002345.SZ) cjzqdt11111 [Table_Title 潮宏基 20252]年中报点评:单店显著增长,加强 产品研发 [Table_Summary2] 事件描述 2025 上半年公司实现收入 41.0 亿元,同比增长 20%,归母净利润 3.3 亿元,同比增长 44%, 单二季度实现收入 18. ...
泉果基金调研潮宏基
Xin Lang Cai Jing· 2025-05-07 06:38
Core Viewpoint - The company,潮宏基, has shown strong performance in the first quarter of 2025, with net profit growth outpacing revenue growth, attributed to its strategic focus on becoming a favored brand among young consumers and effective product differentiation [1] Company Overview - 泉果基金, established on February 8, 2022, manages assets totaling 16.838 billion yuan across six funds, with five fund managers [1] - The company has reported a net increase of 129 stores in 2024, despite a broader industry trend of store closures, indicating robust growth [1] Financial Performance - In the first quarter of 2025,潮宏基's net profit growth exceeded expectations, driven by enhanced product strength and refined terminal operations [1] - The company maintains a stable dividend policy, with expectations for gradual increases in per-share dividends as the company scales and performance improves [1] Strategic Focus - The company aims to navigate a complex external environment in 2025 with a strategy centered on "focusing on core business, 1+N brand strategy, all-channel marketing, and internationalization" [1] - The brand strategy includes enhancing product strength and operational management to improve store performance, alongside a digital transformation to solidify core competitive advantages [1] Product Development and Brand Building -潮宏基 emphasizes a systematic approach to product development, focusing on consumer preferences and utilizing both internal and external design teams [1] - The company has successfully launched new product lines, including collaborations with popular IPs, which have been well-received by customers [1] International Expansion -潮宏基 has opened two overseas stores in Southeast Asia, which have performed well, indicating promising market opportunities for future international expansion [1] - The company plans to accelerate its overseas market layout, leveraging its brand presence in new regions [1]
潮宏基(002345) - 002345潮宏基投资者关系管理信息20250506
2025-05-06 08:27
Group 1: Company Performance and Strategy - The net profit growth rate in Q1 exceeded revenue growth, attributed to a strong brand positioning and differentiated product strategy [2][3] - The company aims to maintain superior market performance through customer recognition, high employee morale, and strong channel partnerships [3] - The strategic focus for 2025 includes enhancing product strength, maintaining operational excellence, and expanding international presence [3][4] Group 2: Product Development and Brand Strategy - The company is diversifying its product lines, moving from K-gold to more gold-based products and introducing new brands like Soufflé and Zhen [3] - Product development relies on systematic management and a collaborative design approach, integrating internal and external design teams [4][5] - Recent product launches have included popular IP collaborations and traditional craftsmanship, contributing to brand strength [3][5] Group 3: Financial Outlook and Market Expansion - The company maintains a stable dividend policy, with expectations for gradual increases as cash flow remains healthy [5] - Online business strategies are being adjusted to enhance brand consistency and operational quality, focusing on profitability rather than volume [5] - The company has successfully opened two overseas stores in Southeast Asia, with plans for further international expansion [6]