伊利股份(600887)：主动控货收入下降全年增长目标稳健

招商证券股份有...05-02

24Q1 公司控货维护渠道健康，液态奶收入有所下滑，但受益成本下降毛利率提升，扣非利润略超预期。公司2024 年目标计划实现营业总收入1300 亿元，利润总额147 亿元，分别同比+3.0%、+25.4%，剔除Q1 非流动性资产处置损益，测算利润总额同比+3.6%，公司全年目标设定较为稳健。进入收入低增速阶段，公司资本开支有望进入下行通道，带来现金流改善。我们给予24-25 年EPS 预测为...

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伊利股份(600887)：主动控货收入下降 全年增长目标稳健

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伊利股份(600887)：主动控货收入下降全年增长目标稳健