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奥驰亚营收与经调整净利润(百万美元)
奥驰亚营收与经调整净利润(百万美元)
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所属报告:
轻工制造行业:烟草公司发展新型烟草的必要性与估值分析-250813(29页).pdf
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相关数据
图6.2020-2026Q1公司归母净利润增速对比(%)
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行业数据
2026-07-21
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2021-2025年公司归母净利润CAGR为26.9%
fCDlubTku70gfCDlvZLmr43lh4DliKnmtqbvvIjkur/lhYPvvIkgfCDlkIzmr5Tlop7pgJ8gfAp8IDotLS0gfCA6LS0tIHwgOi0tLSB8CnwgMjAxOUEgfCA3LjIgfCDigJQgfAp8IDIwMjBBIHwgOC41IHwgMTguMSUgfAp8IDIwMjFBIHwgOS44IHwgMTUuMyUgfAp8IDIwMjJBIHwgMTEuMyB8IDE1LjMlIHwKfCAyMDIzQSB8IDE2LjIgfCA0My40JSB8CnwgMjAyNEEgfCAyMS4zIHwgMzEuNSUgfAp8IDIwMjVBIHwgMjUuNiB8IDIwLjIlIHwKCui1hOaWmeadpea6kO+8mmlGaW5k77yM5Zu96IGU5rCR55Sf6K+B5Yi456CU56m25omA
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行业数据
2026-07-21
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2026Q1铁龙物流归母净利润同比+6.9%
fCDlubTku70gfCDpk4HpvpnnianmtYHlvZLmr43lh4DliKnmtqbvvIjkur/lhYPvvIkgfCDlkIzmr5TvvIhZT1nvvIkgfAp8IDotLS0gfCA6LS0tIHwgOi0tLSB8CnwgMjAyMCB8IDQuMDAgfCAtMTEuOSUgfAp8IDIwMjEgfCAzLjM2IHwgLTE1LjglIHwKfCAyMDIyIHwgMy4zNiB8IDAuMSUgfAp8IDIwMjMgfCA0LjcwIHwgMzkuNSUgfAp8IDIwMjQgfCAzLjgxIHwgLTE4LjklIHwKfCAyMDI1IHwgNS4yNCB8IDM3LjUlIHwKfCAyMDI2UTEgfCAyLjE3IHwgNi45JSB8CgoqKui1hOaWmeadpea6kO+8mmlGaW5E77yM5Zu95rW36K+B5Yi456CU56m25omAKio=
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行业数据
2026-07-21
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顺丰控股2026Q1扣非归母净利润同比+17.4%(单位:亿元)
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行业数据
2026-07-21
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2026Q1快递公司归母净利润及其增速
fCDlv6vpgJLlhazlj7ggfCDlvZLmr43lh4DliKnmtqbvvIjkur/lhYPvvIkgfCBZT1kgfAp8Oi0tLS0tLS0tLXw6LS0tLS0tLS0tLS0tLS0tLS0tfDotLS0tfAp8IOS4remAmiB8IOe6piAyNC4wIHwgNS4yMSUgfAp8IOWchumAmiB8IOe6piAxMy44IHwgNjAuNzYlIHwKfCDnlLPpgJogfCDnuqYgNC42IHwgOTQuMjklIHwKfCDpn7Xovr4gfCDnuqYgNC45IHwgNTEuNjclIHwKCioq6LWE5paZ5p2l5rqQKirvvJppRmluRO+8jOS4remAmuW/q+mAkuWFrOWPuOWFrOWRiu+8jOWbvea1t+ivgeWIuOeglOeptuaJgA==
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行业数据
2026-07-21
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2026Q1公路板块归母净利润同比-2.2%
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行业数据
2026-07-21
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2026Q1公司归母净利润同比+33.73%
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行业数据
2026-07-21
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图3.2011-2026Q1公司营业收入、归母净利润及增速(亿
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2026-07-21
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2025年顺丰控股供应链及国际分部净利润转正
fCDlubTku70gfCDkvpvlupTpk77lj4rlm73pmYXliIbpg6jlh4DliKnmtqbvvIjkur/lhYPvvIkgfAp8Oi0tLS06fDotLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tOnwKfCAyMDIzIHwgLTUuMyB8CnwgMjAyNCB8IC03LjYgfAp8IDIwMjUgfCAxLjkgfAoKKirotYTmlpnmnaXmupAqKu+8mumhuuS4sOaOp+iCoeWFrOWPuOWFrOWRiu+8jOWbvea1t+ivgeWIuOeglOeptuaJgCAgCuazqO+8mjIwMjXlubTlj6PlvoTosIPmlbTvvIwyMDI05bm057O76YeN6L+w5ZCO5pWw5o2u
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2026-07-21
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南旋控股FY2017-2026归母净利润及同比
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2026-07-21
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2021-2025年HEICO归母净利润CAGR为17%
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2026-07-20
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2025财年SpaceX归母净利润亏损49.37亿
fCDotKLlubQv5a2j5bqmIHwg5b2S5q+N5YeA5Yip5ram77yI5Lq/576O5YWD77yJIHwKfCAtLS0gfCAtLS0gfAp8IEZZMjMgfCAtNDYuMjggfAp8IEZZMjQgfCA3LjkxIHwKfCBGWTI1IHwgLTQ5LjM3IHwKfCBGWTI1UTEgfCAtNS4yOCB8CnwgRlkyNlExIHwgLTQyLjc2IHwKCui1hOaWmeadpea6kO+8mlNwYWNlWOaLm+iCoeS5pu+8jOWbvea1t+ivgeWIuOeglOeptuaJgA==
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2026-07-20
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稳扬精密营业收入与净利润(2024-2025)
fCDlubTku70gfCDokKXkuJrmlLblhaXvvIjkur/lhYPvvIkgfCDlh4DliKnmtqbvvIjkur/lhYPvvIkgfCDlh4DliKnnjofvvIgl77yJIHwKfC0tLS0tLXwtLS0tLS0tLS0tLS0tLS0tLS18LS0tLS0tLS0tLS0tLS0tLXwtLS0tLS0tLS0tLS0tfAp8IDIwMjQgfCAwLjQ3ICAgICAgICAgICAgIHwgMC4xMSAgICAgICAgICAgfCAyMy40ICAgICAgICB8CnwgMjAyNSB8IDIuMjUgICAgICAgICAgICAgfCAwLjQ4ICAgICAgICAgICB8IDIxLjMgICAgICAgIHwKCui1hOaWmeadpea6kO+8muaxh+mAmuiDvea6kOWFrOWPuOWFrOWRiu+8iDIwMjblubQ15pyI77yJ77yM5Zu95rOw5rW36YCa6K+B5Yi456CU56m2
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2026-07-20
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2025年归母净利润同比扭亏(亿元)
fCDlubTku70gICB8IOW9kuavjeWHgOWIqea2puWQjOavlOaJreS6j++8iOS6v+WFg++8iSB8CnwtLS0tLS0tLXwtLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLXwKfCAyMDIxICAgfCAwLjc4ICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMjIgICB8IDAuOTAgICAgICAgICAgICAgICAgICAgICB8CnwgMjAyMyAgIHwgMC41NiAgICAgICAgICAgICAgICAgICAgIHwKfCAyMDI0ICAgfCAtMS41NyAgICAgICAgICAgICAgICAgICAgfAp8IDIwMjUgICB8IDAuMzggICAgICAgICAgICAgICAgICAgICB8CnwgMjAyNlExIHwgMC4wNSAgICAgICAgICAgICAgICAgICAgIHwKCui1hOaWmeadpea6kO+8mldpbmTvvIzlm73mtbfor4HliLjnoJTnqbbmiYA=
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2026-07-20
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2020-2025年百度集团Nongaap归母净利润
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2026-07-20
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此外,菲莫国际和奥驰亚在过去不断进行股权回购,在净利润提升的基础上进一步抬升 EPS 以助推股价上涨。菲莫国际分别于 2008-2014 年、2021-2024 年执行了两轮股权回购;奥驰亚 2011-2024 年间累计完成约 163 亿美元的股权回购,2025 年又开启了新一轮 10 亿美元的回购。持续的股权回购进一步增厚了 EPS,2008-2024 年奥驰亚经调整净利润/EPS分别增长 156%/210%,菲莫国际对应增幅分别为 48%/98%。因此,2019 年之前菲莫国际和奥驰亚估值差距不大,主要系菲莫国际的新型烟草成长逻辑和奥驰亚的盈利能力提升逻辑;2019 年后奥驰亚营收增速放缓甚至下滑、净利率提升速度放缓,估值被菲莫国际拉开差距,公司通过股权回购增厚 EPS 依旧有好的股价表现。但展望后续,若奥驰亚在新型烟草方面依旧没有实现突破,过去净利润增长的逻辑将被扭转,除非股权回购一直延续,否则股价或将难以有良好表现。
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轻工制造行业:烟草公司发展新型烟草的必要性与估值分析-250813(29页).pdf
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