---
title: "《大行》大华继显料华润万象生活去年核心净利润增 12% 升目标价至 43 元"
description: "大华继显预测华润万象生活 2025 年核心净利润将增长 12.2%，收入增长 6.8%。物业管理业务收入因增值服务收缩仅增长 1.4%，而商业营运业务收入预计增长 16.8%。该行将 2025 至 2027 年盈利预测下调 3.4%、6.4% 及 7.2%，维持「持有」评级，目标价上调至 43 元。"
type: "news"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/272792589.md"
published_at: "2026-01-16T06:13:34.000Z"
---

# 《大行》大华继显料华润万象生活去年核心净利润增 12% 升目标价至 43 元

> 大华继显预测华润万象生活 2025 年核心净利润将增长 12.2%，收入增长 6.8%。物业管理业务收入因增值服务收缩仅增长 1.4%，而商业营运业务收入预计增长 16.8%。该行将 2025 至 2027 年盈利预测下调 3.4%、6.4% 及 7.2%，维持「持有」评级，目标价上调至 43 元。

大华继显发表研究报告，预测华润万象生活 (01209.HK) 2025 年核心净利润将按年增长 12.2%，收入料按年增长 6.8%，当中物业管理业务收入受增值服务收入大幅收缩所拖累，预料仅增长 1.4%，而在购物中心收入增长带动下，去年商业营运业务收入估计可增长 16.8%。

考虑到增值服务业务持续受压，该行将华润万象生活 2025 至 2027 年盈利预测分别下调 3.4%、6.4% 及 7.2%，维持「持有」评级，目标价由 41.1 元上调至 43 元。

### Related Stocks

- [01209.HK - 华润万象生活](https://longbridge.com/zh-CN/quote/01209.HK.md)

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