Investment Rating - The investment rating for the company is "Buy" (maintained) with a target price of —— yuan over the next 6 months [1]. Core Insights - The company continues to experience high revenue growth, with a diversified product matrix [2]. - The revenue for 2024 is projected to be 13.2 billion yuan, representing a year-on-year growth of 27.6%, while the net profit attributable to the parent company is expected to reach 3.0 billion yuan, up 32.8% year-on-year [9]. - The company has a strong focus on the baby care and mosquito repellent segments, which are expected to show good growth potential [9][10]. Financial Performance Summary - Revenue and Profit Forecast: - 2024A: Revenue of 13.18 billion yuan, net profit of 3.00 billion yuan - 2025E: Revenue of 17.72 billion yuan, net profit of 3.92 billion yuan - 2026E: Revenue of 22.99 billion yuan, net profit of 5.05 billion yuan - 2027E: Revenue of 28.79 billion yuan, net profit of 6.36 billion yuan - Growth Rates: - Revenue growth rates are projected at 27.61% for 2024, 34.39% for 2025, 29.77% for 2026, and 25.22% for 2027 - Net profit growth rates are expected to be 32.80% for 2024, 30.52% for 2025, 28.78% for 2026, and 26.05% for 2027 [4][11]. Product and Market Analysis - The company has successfully increased the average selling price of its baby care products, with significant room for further price increases compared to competitors [9]. - The product matrix has been continuously enriched, with over 90 new or upgraded products launched in 2024, including children's sunscreen and egg yolk oil series [9]. - Online sales channels have shown rapid growth, with significant contributions from platforms like Douyin, while offline channels are also expanding [9]. Profitability Metrics - The overall gross margin for 2024 is projected at 58.2%, with a net profit margin of 22.8% [9]. - The company is expected to maintain a healthy return on equity (ROE), projected to be 14.43% in 2024, increasing to 19.19% by 2027 [4][11].

朗姿股份 20250412 摘要 Q&A 朗姿股份 2024 年度的整体经营情况如何？ 朗姿股份 2024 年度整体营业收入约为 56.9 亿元，较调整后的 57.04 亿元略有 下降。归母净利润约为 2.57 亿元，同比上升 1.4 个百分点；扣非后归母净利润 约为 2.18 亿元，同比上升 11.3%。经营活动现金流量净额约为 5.67 亿元，同 比下降 35.6%。基本每股收益报告期为 0.58 元。加权平均净资产收益率约为 7.86%。报告期末公司资产规模接近 80 亿元，较年初下降 4.7 个百分点；净资 产规模约 27.87 亿元，较年初下降 21.59%。综合毛利率约 58.9%，同比上升 1.6 个百分点。销售费用占比 40.4%，同比下降 0.3 个百分点；管理费占比 • 朗姿股份 2024 年营收 47.18 亿元，同比增长 11.3%，但经营活动现金流量 净额同比下降 35.6%至 5.67 亿元。资产规模略有下降，综合毛利率提升至 58.9%，销售费用占比下降，但管理和研发费用占比上升。 • 医美板块营收 27.84 亿元，同比增长 3.5%，毛利率 54%，归母净利润贡献 1.41 ...

重磅利好政策彻底引爆。 受育儿补贴政策刺激，婴童概念股全线爆发。其中，港股锦欣生殖一度暴涨44%，好孩子国际最高涨超30%；A股婴 童概念股掀起涨停潮，孩子王、爱婴室、光明乳业、贝因美等20余股涨停。 消息面上，呼和浩特发布育儿补贴项目实施细则，对符合条件的家庭生育一孩一次性发放育儿补贴1万元；生育二孩 发放育儿补贴5万元；生育三孩及以上发放育儿补贴10万元。深圳市有关部门今日也表示："目前国家卫生健康委正 在会同有关部门研究育儿补贴实施方案，我市将根据国家部署积极稳妥做好落实。" 有分析机构称，呼和浩特发布的政策超出预期，预计短期内会有更多地方政府跟进。育儿补贴是破解低生育率问题 的关键措施之一，有助于提振生育意愿。生育政策补贴后续若落地，有望推动出生人口改善，利好婴配粉行业需 求。 全线大爆发 3月14日，港股婴童概念股全线暴涨，锦欣生殖一度暴涨超44%，好孩子国际最高涨超30%，中国飞鹤涨逾15%，澳 优涨超12%，H&H国际控股涨超4%。 A股市场的相关板块也全线拉升，婴童概念方向爆发，截至收盘，孩子王、爱婴室、光明乳业、熊猫乳品、西部牧 业、燕塘乳业、新乳业、李子园、贝因美、庄园牧场、皇氏集团等20 ...

今天上午A股市场整体上行，主要指数强劲上行。 临近午盘，指数持续走强，创业板指盘中拉升涨逾3.00%，截至午间收盘，沪指涨1.65%，深证成指涨2.06%。 | AIR 滝股 美股 全球 外汇 三 | | 商品 | | --- | --- | --- | | 证券人气榜 | 新股中心 | 市场情绪 | | 内地股票 △ | | | | 行情 | 资金净流入 | 涨跌分布 | | 上证指数 | 深证成指 | 北证50 | | 3413.98 | 10957.50 | 1400.34 | | +55.25 +1.65% +221.31 +2.06% +33.84 +2.48% | | | | 科创50 | 创业板指 | 万得全A | | 1084.87 | 2227 79 | 5324.52 | | +15.17 +1.42% +61.29 +2.83% | | +89.59 +1.71% | | 沪深300 | 中证500 | 中证A500 | | 4004.21 | 6079.48 | 4749.11 | | +92.63 +2.37% +85.52 +1.43% +100.58 +2.16% | | | | ...