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研報掘金丨中信建投:維持片仔癀“買入”評級,期待全年業績穩健增長
中信建投證券研報指出,片仔癀(600436.SH)前三季度實現歸母淨利潤26.87億元,同比增長11.73%,業績符合我們預期。Q3公司收入端實現平穩增長,毛利率受原材料成本影響略有下降,但控費成效明顯,淨利率略有提升。單三季度,公司醫藥商業板塊受外部環境影響,收入端及利潤端增速有所放緩,但24年全年有望繼續保持穩健增長態勢。展望全年,看好公司核心片仔癀系列產品提價紅利釋放、疊加產品結構的進一步優化,共同推動公司業績穩健釋放。維持“買入”評級。
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