摩根大通：苏泊尔-2025 年第一季度销售额、收益同比分别增长 7.6%、5.8%（符合预期）；2025 年销售增长放缓，但预计表现将优于同行 - 增持

This material is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the territory of Mainland China. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. J P M O R G A N Asia Pacific Equity Research 27 April 2025 002032.SZ, 002032 CH Price (25 Apr 25):Rmb55.45 Zhejiang Supor - A ▼Price Target (Jun-26):Rmb61.00 Prior (Jun-26):Rmb63.00 Head of Asia Consumer Resear ...