{"id":210907,"date":"2026-07-05T20:20:57","date_gmt":"2026-07-05T12:20:57","guid":{"rendered":"http:\/\/www.htt.hk\/?p=210907"},"modified":"2026-07-05T20:20:57","modified_gmt":"2026-07-05T12:20:57","slug":"%e6%97%a5%e6%9c%ac%e9%ab%98%e5%b0%94%e5%a4%ab%e5%93%81%e7%89%8c-honma-%e4%b8%8a%e8%b4%a2%e5%b9%b4%e6%80%bb%e8%90%a5%e6%94%b6%e5%a2%9e%e9%95%bf-2-7%e8%87%b3%e8%bf%9110%e4%ba%bf%e5%85%83%e4%ba%ba","status":"publish","type":"post","link":"http:\/\/www.htt.hk\/?p=210907","title":{"rendered":"\u65e5\u672c\u9ad8\u5c14\u592b\u54c1\u724c\u00a0HONMA \u4e0a\u8d22\u5e74\u603b\u8425\u6536\u589e\u957f 2.7%\u81f3\u8fd110\u4ebf\u5143\u4eba\u6c11\u5e01\uff0c\u626d\u4e8f\u4e3a\u76c8"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">\u65e5\u672c\u9ad8\u5c14\u592b\u54c1\u724c&nbsp;<strong>HONMA\uff08\u672c\u95f4\uff09<\/strong>\u53d1\u5e03\u4e86<strong>\u622a\u81f3 2026 \u5e74 3 \u6708 31 \u65e5\u7684 2026 \u8d22\u5e74<\/strong>\u5e74\u5ea6\u62a5\u544a\uff1a<strong>\u603b\u8425\u6536 222.6 \u4ebf\u65e5\u5143\uff08\u7ea6\u5408\u4eba\u6c11\u5e019.4\u4ebf\u5143<\/strong>\uff09\uff0c\u8f83 2025 \u8d22\u5e74<strong>\u589e\u957f 2.7%<\/strong>\uff08\u6309\u56fa\u5b9a\u6c47\u7387\u8ba1\u7b97\u589e\u957f 2.7%\uff09\uff1b\u606f\u7a0e\u6298\u65e7\u644a\u9500\u524d\u5229\u6da6\uff08EBITDA\uff09\u540c\u6bd4\u5927\u6da8 195.1% \u81f3 45.8 \u4ebf\u65e5\u5143\uff08\u7ea6\u5408\u4eba\u6c11\u5e011.9\u4ebf\u5143\uff09\uff1b\u5168\u5e74\u51c0\u5229\u6da6<strong>\u626d\u4e8f\u4e3a\u76c8<\/strong>\uff0c\u5f55\u5f97 11.2 \u4ebf\u65e5\u5143\uff08\u7ea6\u5408\u4eba\u6c11\u5e015\u5343\u4e07\u5143\uff09\u3002<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/image.luxe.co\/wp-content\/uploads\/2026\/07\/ScreenShot_2026-07-03_102855_103.png\" alt=\"\" class=\"wp-image-472871\"\/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">\u8fc7\u53bb\u6570\u5e74\uff0c\u5168\u7403\u9ad8\u5c14\u592b\u884c\u4e1a\u53d7\u6d88\u8d39\u8005\u4fe1\u5fc3\u8d70\u5f31\u5f71\u54cd\uff0c\u884c\u4e1a\u7ade\u4e89\u6301\u7eed\u52a0\u5267\uff0c\u540c\u65f6\u5168\u7403\u53ca\u90e8\u5206\u5730\u533a\u7ecf\u6d4e\u957f\u671f\u6df1\u9677\u663e\u8457\u4f4e\u8ff7\u3002\u53d7\u6b64\u5f71\u54cd\uff0c\u96c6\u56e2 2026 \u8d22\u5e74\u5404\u533a\u57df\u5e02\u573a\u8425\u6536\u5448\u73b0\u5206\u5316\u8d70\u52bf\uff0c\u90e8\u5206\u5e02\u573a\u8425\u6536\u51fa\u73b0\u4e0d\u540c\u7a0b\u5ea6\u4e0b\u6ed1\uff0c\u53e6\u4e00\u90e8\u5206\u5e02\u573a\u5219\u5b9e\u73b0\u5f3a\u52bf\u590d\u82cf\uff0c\u5176\u4e2d\uff1a<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u97e9\u56fd\u5e02\u573a\u5168\u5e74\u4e1a\u7ee9\u5f3a\u52bf\u53cd\u5f39\uff0c\u603b\u8425\u6536\u8fbe 41.4 \u4ebf\u65e5\u5143\uff0c\u540c\u6bd4\u5927\u6da8 55.2%\uff1b\u4f46\u65e5\u672c\u672c\u571f\u7684\u6279\u53d1\u3001\u96f6\u552e\u4e1a\u52a1\u53cc\u53cc\u4e0b\u6ed1\uff0c\u8425\u6536\u540c\u6bd4\u4e0b\u964d 8.7% \u81f3 82.6 \u4ebf\u65e5\u5143\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u4e2d\u56fd\uff08\u5185\u5730\u548c\u6e2f\u6fb3\uff09\u5e02\u573a\u6574\u4f53\u7ecf\u6d4e\u4e0e\u96f6\u552e\u5e02\u573a\u6301\u7eed\u627f\u538b\u3001\u589e\u957f\u653e\u7f13\uff0c\u8425\u6536\u5f55\u5f97 67.1 \u4ebf\u65e5\u5143\uff08\u7ea6\u5408\u4eba\u6c11\u5e012.8\u4ebf\u5143\uff09 \uff0c\u540c\u6bd4\u5c0f\u5e45\u4e0a\u6da8 1.3%<\/strong><strong>\u3002<\/strong><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/image.luxe.co\/wp-content\/uploads\/2026\/07\/8c0c502bgy1idaldcv6b4j23h14mpx75.jpg?x-oss-process=image\/resize,m_fill,w_1700,h_1842\" alt=\"\" class=\"wp-image-472875\"\/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">HONMA \u521b\u7acb\u4e8e 1959 \u5e74\uff0c\u662f\u9ad8\u5c14\u592b\u884c\u4e1a\u7684\u6807\u5fd7\u6027\u9ad8\u7aef\u54c1\u724c\uff0c\u65d7\u4e0b\u7ecf\u8425\u5355\u4e00\u54c1\u724c HONMA\uff0c\u878d\u5408\u524d\u6cbf\u521b\u65b0\u6280\u672f\u4e0e\u65e5\u5f0f\u4f20\u7edf\u5320\u5fc3\u5de5\u827a\uff0c\u4e3a\u5168\u7403\u7403\u624b\u63d0\u4f9b\u9ad8\u7aef\u3001\u9ad8\u79d1\u6280\u3001\u9ad8\u6027\u80fd\u7684\u9ad8\u5c14\u592b\u7403\u6746\u3001\u9ad8\u5c14\u592b\u7403\u3001\u670d\u9970\u53ca\u914d\u4ef6\u4ea7\u54c1\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f5c\u4e3a\u5168\u7403\u552f\u4e00\u5177\u5907\u5b8c\u6574\u5782\u76f4\u4e00\u4f53\u5316\u4ea7\u4e1a\u94fe\u7684\u9ad8\u5c14\u592b\u4f01\u4e1a\uff0c\u96c6\u56e2\u62e5\u6709\u81ea\u4e3b\u5b8c\u6574\u8bbe\u8ba1\u7814\u53d1\u5236\u9020\u80fd\u529b\u3001\u5e7f\u6cdb\u7684\u4e9a\u6d32\u96f6\u552e\u7f51\u7edc\u3001\u591a\u5143\u5316\u9ad8\u5c14\u592b\u5168\u54c1\u7c7b\u4ea7\u54c1\u77e9\u9635\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8fc7\u53bb\u6570\u5e74\uff0c\u5168\u7403\u9ad8\u5c14\u592b\u884c\u4e1a\u4e0d\u540c\u5e02\u573a\u3001\u4e0d\u540c\u9636\u6bb5\u5747\u51fa\u73b0\u4e0b\u573a\u4eba\u6b21\u3001\u4ea7\u54c1\u8d2d\u4e70\u610f\u613f\u4e0b\u884c\u7684\u8d8b\u52bf\u3002\u57fa\u4e8e\u884c\u4e1a\u73af\u5883\u53d8\u5316\uff0c<strong>HONMA \u805a\u7126\u8d85\u9ad8\u7aef\u5ba2\u7fa4\u4e0e\u4e13\u4e1a\u6027\u80fd\u5ba2\u7fa4\u4e24\u5927\u6838\u5fc3\u5ba2\u7fa4\u4ea7\u54c1\u4f53\u7cfb<\/strong>\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8fc7\u53bb\u4e24\u5e74\uff0cHONMA \u6301\u7eed\u843d\u5730\u54c1\u724c\u8425\u9500\u6d3b\u52a8\uff0c<strong>\u6838\u5fc3\u76ee\u6807\u662f\u91cd\u5851\u54c1\u724c\u5f62\u8c61\uff0c\u6253\u9020\u8d34\u5408\u5f53\u4ee3\u7403\u624b\u3001\u9c9c\u6d3b\u65b0\u6f6e\u7684\u9ad8\u7aef\u9ad8\u5c14\u592b\u751f\u6d3b\u65b9\u5f0f\u54c1\u724c<\/strong>\u3002\u96c6\u56e2\u7b7e\u7ea6\u4e00\u4f17\u4e9a\u6d32\u65b0\u751f\u4ee3\u804c\u4e1a\u7403\u5458\uff0c\u4e0e\u4e9a\u6d32\u5404\u6838\u5fc3\u5e02\u573a\u6559\u7ec3\u3001KOL \u6df1\u5ea6\u5408\u4f5c\uff0c\u5e76\u5728\u65e5\u672c\u3001\u4e2d\u56fd\u5927\u529b\u6295\u5165\u96f6\u552e\u6e20\u9053\u4e0e\u6570\u5b57\u5316\u4f53\u7cfb\u5efa\u8bbe\uff0c\u5347\u7ea7\u5fe0\u5b9e\u5ba2\u7fa4\u4e0e\u5e74\u8f7b\u9ad8\u5c14\u592b\u7fa4\u4f53\u7684\u5168\u94fe\u8def\u6d88\u8d39\u4f53\u9a8c\u3002<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/image.luxe.co\/wp-content\/uploads\/2026\/07\/8c0c502bly1iax8ypxnsmj24mo334x6t.jpg?x-oss-process=image\/resize,m_fill,w_1700,h_1132\" alt=\"\" class=\"wp-image-472876\"\/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><strong>\u6309\u54c1\u7c7b\u770b\uff1a<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u9ad8\u5c14\u592b\u7403\u6746<\/strong>\uff1a\u8425\u6536 157.5 \u4ebf\u65e5\u5143\uff0c\u540c\u6bd4\u589e\u957f 4.5%\uff08\u6309\u56fa\u5b9a\u6c47\u7387\u8ba1\u7b97\u589e\u957f 4.6%\uff09\uff0c<strong>\u4e3b\u8981\u5f97\u76ca\u4e8e\u97e9\u56fd\u5e02\u573a\u9500\u552e\u56de\u6696\uff0c\u6da8\u5e45\u8fbe 71.5%<\/strong>\uff1b<strong>\u4e2d\u56fd\uff08\u5185\u5730\u548c\u6e2f\u6fb3\uff09\u5e02\u573a\u5728\u6d88\u8d39\u4fe1\u5fc3\u3001\u7ecf\u6d4e\u524d\u666f\u4f4e\u8ff7\u80cc\u666f\u4e0b\u5c0f\u5e45\u589e\u957f 3.7%<\/strong>\uff0c\u5317\u7f8e\u5e02\u573a\u540c\u6bd4\u589e\u957f9.3%\u3002\u4e0d\u8fc7\uff0c\u53d7\u884c\u4e1a\u7ade\u4e89\u52a0\u5267\u3001\u6e20\u9053\u6301\u7eed\u4f18\u5316\u53cc\u91cd\u56e0\u7d20\u5f71\u54cd\uff0c\u65e5\u672c\u672c\u571f\u7403\u6746\u8425\u6536\u540c\u6bd4\u4e0b\u6ed1 13.8%\u3002<\/li>\n\n\n\n<li><strong>\u9ad8\u5c14\u592b\u7403<\/strong>\uff1a\u8425\u6536 22.7 \u4ebf\u65e5\u5143\uff0c\u540c\u6bd4\u4e0a\u6da8 12.2%\uff08\u6309\u56fa\u5b9a\u6c47\u7387\u8ba1\u7b97\u4e0a\u6da8 12.5%\uff09\u3002\u5176\u4e2d\u65e5\u672c\u5e02\u573a\u8425\u6536\u4e0a\u6da8 5.1%\uff0c\u97e9\u56fd\u4e0a\u6da8 4.8%\uff0c<strong>\u4e2d\u56fd\uff08\u5185\u5730\u548c\u6e2f\u6fb3\uff09\u5e02\u573a\u4e0a\u534a\u5e74\u8868\u73b0\u4eae\u773c\uff0c\u5168\u5e74\u9500\u552e\u989d\u540c\u6bd4\u5927\u6da8 87.3%\u3002<\/strong><\/li>\n\n\n\n<li><strong>\u670d\u9970<\/strong>\uff1a\u8425\u6536 29.4 \u4ebf\u65e5\u5143\uff0c\u540c\u6bd4\u4e0b\u6ed1 6.4%\uff08\u6309\u56fa\u5b9a\u6c47\u7387\u8ba1\u7b97\u4e0b\u6ed1 6.7%\uff09\u3002<strong>\u4e3b\u8981\u7531\u4e8e\u4e2d\u56fd\u5e02\u573a\u6d88\u8d39\u610f\u613f\u4f4e\u8ff7\uff0c\u53e0\u52a0\u95e8\u5e97\u603b\u6570\u7f29\u51cf\uff0c\u4e2d\u56fd\u5e02\u573a\u670d\u9970\u9500\u552e\u989d\u540c\u6bd4\u4e0b\u964d 8.2%<\/strong>\u3002<\/li>\n\n\n\n<li><strong>\u914d\u4ef6\u53ca\u5176\u4ed6\u914d\u5957\u4ea7\u54c1<\/strong>\uff1a\u8425\u6536 13.1 \u4ebf\u65e5\u5143\uff0c\u540c\u6bd4\u4e0b\u964d 9.7%\uff08\u6309\u56fa\u5b9a\u6c47\u7387\u8ba1\u7b97\u4e0b\u964d 9.7%\uff09\uff0c\u4e3b\u8981\u7531\u4e8e\u5168\u7403\u6838\u5fc3\u5e02\u573a\u884c\u4e1a\u7ade\u4e89\u767d\u70ed\u5316\uff0c\u7edd\u5927\u591a\u6570\u533a\u57df\u5e02\u573a\u9500\u91cf\u5747\u51fa\u73b0\u4e0d\u540c\u7a0b\u5ea6\u840e\u7f29\uff1b<strong>\u4e2d\u56fd\u4f5c\u4e3a\u914d\u4ef6\u7684\u6700\u5927\u5e02\u573a\uff0c\u9500\u552e\u989d\u540c\u6bd4\u4e0a\u6da8 2.0%<\/strong>\u3002<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/image.luxe.co\/wp-content\/uploads\/2026\/07\/ScreenShot_2026-07-03_100203_314.png\" alt=\"\" class=\"wp-image-472878\"\/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><strong>\u6309\u533a\u57df\u770b\uff1a<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u65e5\u672c<\/strong>\uff1a\u603b\u8425\u6536 82.6 \u4ebf\u65e5\u5143\uff0c\u540c\u6bd4\u4e0b\u964d 8.7%\u3002\u4e3b\u8981\u7531\u4e8e\u6279\u53d1\u4e1a\u52a1\u8425\u6536\u4e0b\u6ed1 5.4%\uff0c\u96f6\u552e\u4e1a\u52a1\u8425\u6536\u4e0b\u6ed1 11.9%\u3002\u96c6\u56e2\u6301\u7eed\u63a8\u8fdb\u6e20\u9053\u8c03\u6574\uff0c\u8f6c\u5411\u9ad8\u5229\u6da6\u7684\u81ea\u8425\u6e20\u9053\u4e0e\u6279\u53d1\u6e20\u9053\u3002<\/li>\n\n\n\n<li><strong>\u97e9\u56fd<\/strong>\uff1a<strong>\u5168\u5e74\u4e1a\u7ee9\u5f3a\u52bf\u53cd\u5f39\uff0c\u603b\u8425\u6536\u8fbe 41.4 \u4ebf\u65e5\u5143\uff0c\u540c\u6bd4\u5927\u6da8 55.2%<\/strong>\uff08\u6309\u56fa\u5b9a\u6c47\u7387\u8ba1\u7b97\u589e\u957f 57.4%\uff09\u3002\u4e3b\u8981\u5f97\u76ca\u4e8e\u96c6\u56e2\u6301\u7eed\u52a0\u7801\u81ea\u8425\u6e20\u9053\u6295\u5165\u3001\u66f4\u65b0\u5206\u9500\u5408\u4f5c\u4f53\u7cfb\uff0c\u81ea\u8425\u4e0e\u6279\u53d1\u4e24\u5927\u6e20\u9053\u9500\u552e\u989d\u5747\u5b9e\u73b0\u7206\u53d1\u5f0f\u589e\u957f\uff1b\u56fa\u5b9a\u6c47\u7387\u4e0b\u8425\u6536\u540c\u6bd4\u589e\u5e45\u8fbe 57.4%\u3002<\/li>\n\n\n\n<li><strong>\u4e2d\u56fd\uff08\u5185\u5730\u548c\u6e2f\u6fb3\uff09<\/strong>\uff1a<strong>\u8425\u6536 67.1 \u4ebf\u65e5\u5143\uff0c\u540c\u6bd4\u5c0f\u5e45\u4e0a\u6da8 1.3%\uff08\u6309\u56fa\u5b9a\u6c47\u7387\u8ba1\u7b97\u589e\u957f 1.2%\uff09\uff0c\u4e3b\u8981\u7531\u4e8e\u4e2d\u56fd\u5e02\u573a\u6574\u4f53\u7ecf\u6d4e\u4e0e\u96f6\u552e\u5e02\u573a\u6301\u7eed\u627f\u538b\u3001\u589e\u957f\u653e\u7f13<\/strong>\u3002<\/li>\n\n\n\n<li><strong>\u5317\u7f8e<\/strong>\uff1a\u8425\u6536 6.7 \u4ebf\u65e5\u5143\uff0c\u540c\u6bd4\u589e\u957f 7.5%\uff08\u6309\u56fa\u5b9a\u6c47\u7387\u8ba1\u7b97\u589e\u957f8.1%\uff09\uff0c\u589e\u957f\u52a8\u529b\u6765\u81ea Beres 10 \u7cfb\u5217\u3001\u533a\u57df\u4e13\u5c5e\u7403\u6746\u53ca\u8054\u540d\u6b3e\u4ea7\u54c1\u5e02\u573a\u63a8\u5e7f\u6210\u6548\u663e\u8457\u3002<\/li>\n\n\n\n<li><strong>\u6b27\u6d32<\/strong>\uff1a\u8425\u6536 3.7\u4ebf\u65e5\u5143\uff0c\u540c\u6bd4\u4e0b\u6ed1 11.1%\uff08\u6309\u56fa\u5b9a\u6c47\u7387\u8ba1\u7b97\u4e0b\u6ed1 16.7%\uff09\u3002\u8425\u6536\u4e0b\u6ed1\u7684\u90e8\u5206\u539f\u56e0\u662f\u96c6\u56e2\u8c03\u6574\u6b27\u6d32\u5206\u9500\u6a21\u5f0f\u3001\u4f18\u5148\u8ffd\u6c42\u76c8\u5229\u578b\u9500\u552e\u589e\u957f\u3002<\/li>\n\n\n\n<li><strong>\u5176\u4ed6\u533a\u57df<\/strong>\uff1a\u603b\u8425\u6536 21.1 \u4ebf\u65e5\u5143\uff0c\u540c\u6bd4\u4e0b\u6ed1 8.0%\uff08\u6309\u56fa\u5b9a\u6c47\u7387\u8ba1\u7b97\u4e0b\u6ed1 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