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上海家化(600315)
研报日期：2018-07-18 上海家化(600315) ahwa to announce its interim results on 22 Aug 2018 We expect Jahwa’s sales/NP will likely grow 40%/77% in 2Q18, this indicates23%/56% growth for 1H sales/NP growth. 2Q18 has an easier comp due toecommerce shortfall in 2Q17 as a result of business model transformation. Webelieve the recovery trend of its major brands has continued in 2Q18. Herborist is expected to see an acceleration in 2Q with single digit growthin volume in department store (50% of brand sales), in our view. Thegrowth is mainly driven by new product launch in March and May. ASPalso saw a soli
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祁朋飞：
说人话
七连阴：
少废话，放洋屁也没用。
舍得割：
洋文看下懂