李宁维持预测，预计2024年营收/利润端分别+2.2%/-3.3%

华兴证券2025-02-28

我们预计4Q24经营表现符合预期；我们预计2024年营收/归母净利润分别同比+2.2%/-3.3%至282.2/30.8亿元；维持盈利预测与买入评级，维持19.30港元的目标价，对应14倍2025年P/E。预计4Q24流水中单位数增长，预计2024年营收/归母净利润分别同比+2.2%/-3.3%。国庆期间李宁线下流水增速转正，线上实现超30%的增长，双十一/双十二销售也符合预期，我们预计4Q24...

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