---
title: "建银国际：泡泡玛特盈利增长前景向好 首予 “优于大市” 评级"
description: "建银国际发布研报称，首次给予泡泡玛特 “优于大市” 评级，目标价为 256 港元，对应未来 12 个月预测市盈率约 50 倍，预测公司未来盈利增长前景向好，2025 至 2027 年收入及盈利年均复合增长率将达到 38% 及 44%。该行指出，泡泡玛特新产品可持续推动增长，加上持续在全球市场扩张，年初至今预料已开设逾 35 间分店及 20 间无人商店，相信今年开设 100 间海外门店的目标可达成，"
type: "news"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/242137854.md"
published_at: "2025-05-28T07:13:05.000Z"
---

# 建银国际：泡泡玛特盈利增长前景向好 首予 “优于大市” 评级

> 建银国际发布研报称，首次给予泡泡玛特 “优于大市” 评级，目标价为 256 港元，对应未来 12 个月预测市盈率约 50 倍，预测公司未来盈利增长前景向好，2025 至 2027 年收入及盈利年均复合增长率将达到 38% 及 44%。该行指出，泡泡玛特新产品可持续推动增长，加上持续在全球市场扩张，年初至今预料已开设逾 35 间分店及 20 间无人商店，相信今年开设 100 间海外门店的目标可达成，目前预测 2025 财年收入及盈利将分别增长 66% 及 82%。

智通财经 APP 获悉，建银国际发布研报称，首次给予泡泡玛特 (09992)“优于大市” 评级，目标价为 256 港元，对应未来 12 个月预测市盈率约 50 倍，预测公司未来盈利增长前景向好，2025 至 2027 年收入及盈利年均复合增长率将达到 38% 及 44%。

该行指出，泡泡玛特新产品可持续推动增长，加上持续在全球市场扩张，年初至今预料已开设逾 35 间分店及 20 间无人商店，相信今年开设 100 间海外门店的目标可达成，目前预测 2025 财年收入及盈利将分别增长 66% 及 82%。

### Related Stocks

- [09992.HK - 泡泡玛特](https://longbridge.com/zh-CN/quote/09992.HK.md)

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