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研報掘金丨國信證券:比音勒芬擬推第四期員工持股計劃,彰顯公司發展信心
格隆匯6月13日丨6月9日晚間,比音勒芬(002832.SZ)發佈公吿擬推第四期員工持股計劃,參加對象共計不超過1,624人,計劃籌集資金總額不超過20,000萬元。國信證券12日研報指出,業績和經營質量持續得到印證,第四期員工持股計劃進一步彰顯公司發展信心。從短期看,今年隨着線下客流回暖和社交場景放開,公司流水快速增長、庫存週轉優化;從中長期看,比音勒芬精準定位高端運動時尚景氣細分賽道,通過精準定位、高質量營銷、優秀產品力培育出高端品牌基因,隨着品牌影響力持續提升,未來成長空間廣闊。維持盈利預測,預計2023-2025年淨利潤分別9.4/11.6/14.0億元,同比增長30%/23%/20%,維持目標價40.6-42.7元,對應2024年20~21xPE,維持“買入”評級。
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