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百威亚太

7.100

+0.0500.71%

成交量：4.80万

成交额：34.08万

市值：940.25亿

市盈率：193.46

高：7.100

开：7.100

低：7.100

收：7.050

52周最高：9.420

52周最低：6.950

股本：132.43亿

香港流通股本：132.43亿

量比：- -

换手率：0.00%

股息：0.44

股息率：6.24%

每股收益(LYR):0.037

净资产收益率：5.06%

总资产收益率：4.00%

市净率：1.17

市盈率(LYR):193.46

市销率: 2.08

数据加载中...

总览公司新闻资讯公告

百威亚太(01876)股价下跌5.055%，现价港币$6.95

阿斯达克财经

百威亚太：2025财年营业收入57.64亿美元

南方财经网

百威亚太2025年营收承压，高端化与多元化布局持续深化

每日卖空追踪 | 百威亚太 03月12日卖空量成交150.23万股，卖空比例为12.3%

百威亚太03月12日遭主力抛售67.8万元

进入存量市场竞争的啤酒业，取悦消费者变得更重要了

啤酒“喝不动”了？百威亚太交出上市最差财报：增长熄火、份额失守

每日卖空追踪 | 百威亚太 03月10日卖空量成交101.32万股，卖空比例为14.76%

百威亚太2025年全年收入57.64亿美元

每日卖空追踪 | 百威亚太 03月04日卖空量成交247.8万股，卖空比例为13.49%

百威亚太(01876)出现大手卖出78.19万股，成交价$7.47，涉资584.079万

阿斯达克财经

两极狂欢、中间承压，酒消费的分化时代已至

精酿啤酒，2026年延续火爆的底气在哪？

每日卖空追踪 | 百威亚太 03月02日卖空量成交203.39万股，卖空比例为13.77%

百威亚太03月02日遭主力抛售2227.2万元

高端啤酒之王，正被中国年轻人抛弃？

中国企业家

百威全球利润大涨16.8%，中国区却下滑11%，如何“赢回来”？

消费方法论

每日卖空追踪 | 百威亚太 02月27日卖空量成交316.86万股，卖空比例为18.64%

百威亚太02月26日遭主力抛售1196.0万元

公司点评｜百威亚太：仍处经营调整阶段，期待26年改善

分析师泽华观食饮

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07:17","pubTimestamp":1774221420,"startTime":"0","endTime":"0","summary":"【百威亚太：2025财年营业收入57.64亿美元】百威亚太（01876.HK）公告，截至2025年12月31日止财年，公司总收入为57.64亿美元。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://finance.eastmoney.com/a/202603233679872672.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"stock_eastmoney","symbols":["01876"],"gpt_icon":0},{"id":"1172858009","title":"百威亚太2025年营收承压，高端化与多元化布局持续深化","url":"https://stock-news.laohu8.com/highlight/detail?id=1172858009","media":"公告速递","labels":["SGX"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1172858009?lang=zh_cn&edition=fundamental","pubTime":"2026-03-23 07:05","pubTimestamp":1774220721,"startTime":"0","endTime":"0","summary":"百威亚太在2025财政年度的收入下降至57.64亿美元，较去年同期下滑6.1%，销售量约为79,658万公升；股东应占溢利从7.26亿美元降至4.89亿美元，每股盈利由5.51美元降至3.70美元。同期毛利达28.87亿美元，正常化除息税折旧摊销前盈利为15.88亿美元，较去年减少9.8%，显示疫情后市场恢复及消费情绪波动对整体啤酒销量与盈利能力构成一定压力。整体来看，百威亚太在2025年继续深化高端化与产品多元化布局，同时关注可持续发展与社区公益。","market":"sh","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"SGX","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["01876"],"gpt_icon":0},{"id":"2618187553","title":"每日卖空追踪 | 百威亚太 03月12日卖空量成交150.23万股，卖空比例为12.3%","url":"https://stock-news.laohu8.com/highlight/detail?id=2618187553","media":"市场透视","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2618187553?lang=zh_cn&edition=fundamental","pubTime":"2026-03-12 16:30","pubTimestamp":1773304226,"startTime":"0","endTime":"0","summary":"百威亚太北京时间03月12日，跌2.07%，卖空量成交150.23万股，较上一交易日增加43.24%更多个股卖空数据请看下面视窗：卖空数据是观测市场多空博弈的关键指标：短期可反映市场情绪，高卖空比例预示看空预期，但极端值可能触发轧空反弹；长期结合基本面恶化则预警下行风险。需注意其局限性：卖空行为包含对冲需求，未必单纯看空；机构可能通过衍生品做空未体现在数据中，且散户跟风易扭曲信号。股市有风险，请谨慎决策。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260312163315a6ba5093&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, 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16:16","pubTimestamp":1773303366,"startTime":"0","endTime":"0","summary":"03月12日, 百威亚太股价跌2.07%，报收7.56元，成交金额9235.3万元，换手率0.09%，振幅2.33%，量比1.00。百威亚太今日主力资金净流出67.8万元，连续3日净流出，上一交易日主力净流出262.8万元。该股近5个交易日上涨0.80%，主力资金累计净流入561.1万元，其中1个交易日为股价下跌时净流入；近20日主力资金累计净流出5374.8万元，其中净流出天数为11日。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260312162235a46369fb&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, 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14:38","pubTimestamp":1773297496,"startTime":"0","endTime":"0","summary":"根据国家统计局数据，2025年，中国规模以上企业累计啤酒产量3536.0万千升，同比下降1.1%，这已经是啤酒产量连续两年下降，而企业之间的业绩在走向分化。截至目前，中国前五大啤酒企业，有四家发布了2025年年报或者业绩预告，两家增长，两家下滑。","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"stock_eastmoney","url":"http://finance.eastmoney.com/a/202603123670067629.html","rn_cache_url":null,"directOrigin":true},"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://finance.eastmoney.com/a/202603123670067629.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"stock_eastmoney","symbols":["BK1510","LU0328353924.USD","IE00B0169L03.USD","LU0762541174.USD","IE00BPRC5H50.USD","BK0028","LU0197773160.USD","LU0359201612.USD","BK1589","LU0831093199.SGD","000729","SG9999006514.SGD","LU0359202008.SGD","BK1570","IE0008368742.USD","IE0008369823.USD","IE00B5MMRT66.SGD","LU0672654166.SGD","600132","IE00B031HY20.USD","LU1720050803.USD","80291","SG9999000459.SGD","SG9999001903.USD","BK1521","BK1604","IE0031814852.USD","01876","LU0543330483.HKD","LU1769817096.USD","BK0188","LU0762540952.USD","BK1578","IE00B29SXG58.USD","LU0630378692.HKD","LU0029875118.USD","LU0128522157.USD","LU1328615791.USD","LU1023057109.AUD","BK1180","IE00B543WZ88.USD","BK0012","BK0021","LU2279701549.SGD","BK1583","LU1794554557.SGD","00291","LU0630378429.USD","BK0215","CRHKY"],"gpt_icon":0},{"id":"2618959639","title":"啤酒“喝不动”了？百威亚太交出上市最差财报：增长熄火、份额失守","url":"https://stock-news.laohu8.com/highlight/detail?id=2618959639","media":"理财周刊","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2618959639?lang=zh_cn&edition=fundamental","pubTime":"2026-03-10 17:21","pubTimestamp":1773134460,"startTime":"0","endTime":"0","summary":"作为曾经在亚太高端啤酒市场的行业巨头，百威亚太正陷入市场萎缩、合规危机、战略失序的多重困境。从单季度数据看，百威亚太已经连续8个季度出现啤酒销量和收入同步下滑，显示出增长引擎彻底熄火的困境。在股东分红方面，百威亚太选择维持高额分红政策。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202603101728139546ca5a&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"property":["earning"],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202603101728139546ca5a&s=b","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-2","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tencent","symbols":["01876"],"gpt_icon":0},{"id":"2618959637","title":"每日卖空追踪 | 百威亚太 03月10日卖空量成交101.32万股，卖空比例为14.76%","url":"https://stock-news.laohu8.com/highlight/detail?id=2618959637","media":"市场透视","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2618959637?lang=zh_cn&edition=fundamental","pubTime":"2026-03-10 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03月04日卖空量成交247.8万股，卖空比例为13.49%","url":"https://stock-news.laohu8.com/highlight/detail?id=2617666125","media":"市场透视","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2617666125?lang=zh_cn&edition=fundamental","pubTime":"2026-03-04 16:30","pubTimestamp":1772613025,"startTime":"0","endTime":"0","summary":"百威亚太北京时间03月04日，跌2.23%，卖空量成交247.8万股，较上一交易日减少50.24%更多个股卖空数据请看下面视窗：卖空数据是观测市场多空博弈的关键指标：短期可反映市场情绪，高卖空比例预示看空预期，但极端值可能触发轧空反弹；长期结合基本面恶化则预警下行风险。需注意其局限性：卖空行为包含对冲需求，未必单纯看空；机构可能通过衍生品做空未体现在数据中，且散户跟风易扭曲信号。股市有风险，请谨慎决策。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260304163316a6a14db9&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, 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16:08","pubTimestamp":1772611680,"startTime":"0","endTime":"0","summary":"[大手成交]百威亚太(01876)在下午04:08出现大手卖出，成交量为78.19万，成交价为港币$7.47，涉资584.079万。至目前为止，股价跌2.225%，今日最高价为$7.64，而最低价为$7.41，总成交量为1.837千万股，总成交金额港币$1.373亿。","market":"sh","thumbnail":"https://plib.aastocks.com/aafnnews/image/medialib/20180815142908927_s.jpg","type":0,"news_type":0,"thumbnails":["https://plib.aastocks.com/aafnnews/image/medialib/20180815142908927_s.jpg"],"rights":{"source":"aastocks_highlight","url":"http://www.aastocks.com/tc/stocks/news/aamm-content/AAV26030413075/aamm-all-category","rn_cache_url":null,"directOrigin":true},"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://www.aastocks.com/tc/stocks/news/aamm-content/AAV26030413075/aamm-all-category","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"aastocks_highlight","symbols":["SG9999000459.SGD","LU0197773160.USD","LU0630378692.HKD","LU0672654166.SGD","LU0762540952.USD","BK1510","LU0831093199.SGD","BK1180","LU0128522157.USD","LU0762541174.USD","LU0029875118.USD","BK1604","LU0543330483.HKD","LU0320764755.SGD","BK1578","LU0197773673.USD","BK1589","LU0630378429.USD","LU0762542818.HKD","01876","SG9999001903.USD"],"gpt_icon":0},{"id":"2616356233","title":"两极狂欢、中间承压，酒消费的分化时代已至","url":"https://stock-news.laohu8.com/highlight/detail?id=2616356233","media":"DoNews","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2616356233?lang=zh_cn&edition=fundamental","pubTime":"2026-03-02 18:36","pubTimestamp":1772447785,"startTime":"0","endTime":"0","summary":"哑铃型结构成型，两极热、中间冷成常态春节历来是酒行业的“试金石”，今年的市场表现却彻底打破了“雨露均沾”的行业惯性，清晰的“哑铃型”消费结构正式成型，品牌虹吸效应进一步加剧，行业分化进入白热化阶段。中邮证券调研显示，茅台春节动销预计实现高单至双位数增长，五粮液基本持平去年同期，且库存仅约1个月，远低于行业平均水平。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260302184125a7314b48&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, 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18:06","pubTimestamp":1772445967,"startTime":"0","endTime":"0","summary":"2026年春节前夕，中国高端精酿代表品牌冠军啤酒再度断货。该品牌自2025年3月上市以来，不足一年内已两度出现供货紧张的状况。啤酒品类的边界，正在被持续拓宽。NO ·5精酿啤酒的增量空间，不止于圈层2026年精酿啤酒行业的增量空间，集中在五个方向：下沉市场、中式精酿、即时零售、区域特色、产业整合。2026年，精酿啤酒已不再局限于特定圈层。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260302184047a441d410&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, 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03月02日卖空量成交203.39万股，卖空比例为13.77%","url":"https://stock-news.laohu8.com/highlight/detail?id=2616562303","media":"市场透视","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2616562303?lang=zh_cn&edition=fundamental","pubTime":"2026-03-02 16:30","pubTimestamp":1772440228,"startTime":"0","endTime":"0","summary":"百威亚太北京时间03月02日，跌1.54%，卖空量成交203.39万股，较上一交易日减少54.31%更多个股卖空数据请看下面视窗：卖空数据是观测市场多空博弈的关键指标：短期可反映市场情绪，高卖空比例预示看空预期，但极端值可能触发轧空反弹；长期结合基本面恶化则预警下行风险。需注意其局限性：卖空行为包含对冲需求，未必单纯看空；机构可能通过衍生品做空未体现在数据中，且散户跟风易扭曲信号。股市有风险，请谨慎决策。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260302163331a730c5c8&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, 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16:15","pubTimestamp":1772439325,"startTime":"0","endTime":"0","summary":"03月02日, 百威亚太股价跌1.54%，报收7.67元，成交金额1.1亿元，换手率0.11%，振幅2.18%，量比0.97。百威亚太今日主力资金净流出2227.2万元，连续4日净流出，上一交易日主力净流出526.7万元。该股近5个交易日下跌1.79%，主力资金累计净流出5357.5万元，其中1个交易日为股价上涨时净流出；近20日主力资金累计净流入9554.3万元，其中净流入天数为15日。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260302161646a730ae98&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, 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21:54","pubTimestamp":1772286881,"startTime":"0","endTime":"0","summary":"“高端啤酒之王”失速百威亚太的失速，非一日之寒。2025年上半年，华润啤酒普高档及以上啤酒销量同比增长超过10%。2025年上半年，青岛啤酒中高端以上产品实现销量近200万千升，同比增长5.1%；燕京啤酒中高档产品收入55亿元，同比增长9.32%。尽管如此，在百威高层的反思中，2025年对即时零售仍然投入不足，并被认为是拖累百威中国业绩，及导致公司与同行存在差距的原因之一。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260228215718a43b5228&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, 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19:49","pubTimestamp":1772192984,"startTime":"0","endTime":"0","summary":"同日发布的百威亚太年报显示，公司2025年收入57.64亿美元，同比减少6.1%；股权持有人应占溢利4.89亿美元，同比骤降32.6%。作为核心引擎的中国市场，全年收入大跌11.3%，销量下滑8.6%，每百升收入也减少3.0%。这已是百威亚太连续第四年净利润下滑，且中国市场已是连续第二年双位数下滑。百威在中国市场的崛起，高度依赖夜场、高端餐饮等“即饮渠道”。百威亚太明确表示，2026年将继续投资即时零售，与美团等主流平台深度合作。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260227211238a726fa2d&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, 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02月27日卖空量成交316.86万股，卖空比例为18.64%","url":"https://stock-news.laohu8.com/highlight/detail?id=2614956863","media":"市场透视","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2614956863?lang=zh_cn&edition=fundamental","pubTime":"2026-02-27 16:30","pubTimestamp":1772181026,"startTime":"0","endTime":"0","summary":"百威亚太北京时间02月27日，跌1.39%，卖空量成交316.86万股，较上一交易日增加3.67%更多个股卖空数据请看下面视窗：卖空数据是观测市场多空博弈的关键指标：短期可反映市场情绪，高卖空比例预示看空预期，但极端值可能触发轧空反弹；长期结合基本面恶化则预警下行风险。需注意其局限性：卖空行为包含对冲需求，未必单纯看空；机构可能通过衍生品做空未体现在数据中，且散户跟风易扭曲信号。股市有风险，请谨慎决策。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260227163312a43677a9&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, 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16:15","pubTimestamp":1772093755,"startTime":"0","endTime":"0","summary":"02月26日, 百威亚太股价跌0.75%，报收7.90元，成交金额7835.1万元，换手率0.07%，振幅2.26%，量比0.68。百威亚太今日主力资金净流出1196.0万元，上一交易日主力净流出1769.5万元。该股主力净额占比0.01%，港股市场排名2366/2718。|02月26日主力加仓幅度排名||#|股票简称|主力净额占比|#|鸿盛昌资源|22.52%|#|美高域|2.21%|#|立高控股|1.78%|#|...|...|#2367|百威亚太|-0.01%|（以上内容为腾讯自选股基于公开消息，由程序或算法智能生成，仅作为用户看盘参考，不作为投资建议或交易依据。股市有风险，请谨慎决策。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260226162129a4caa5b4&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, 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23:59","pubTimestamp":1772035151,"startTime":"0","endTime":"0","summary":"本文来自方正证券研究所于2026年2月13日发布的报告《仍处经营调整阶段，期待26年改善》，欲了解具体内容，请阅读报告原文。亚太西部：25Q4外部消费环境仍承压，中国区压力延续但销量下滑幅度环比收窄，印度保持强劲增长。数字化方面，BEES已遍及中国超过320个城市。主要系行业疲弱影响，25Q4销量下滑。2025全年正常化EBITDA-%内生同比-1.13pcts至27.6%。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260226001717a71ecde4&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, 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