（文章来源：每日经济新闻） 东莞证券8月21日发布研报称，给予依依股份（001206.SZ）增持评级。评级理由主要包括：1）公司宠 物一次性卫生用品保持较快增长；2）境内外市场收入保持较快增长；3）公司不断加大国内自主品牌的 推广投入；4）毛利率略有提升，净利率略有下降；5）维持对公司的"增持"评级。风险提示：原材料价 格波动，汇率波动，国际形势变化等风险。 ...

Investment Rating - The report maintains an "Accumulate" rating for the company [5][8]. Core Views - The company is a leader in the pet disposable hygiene products sector in China and is actively expanding its market presence [8]. - The domestic and international pet markets are expected to continue growing rapidly, with China's pet market size surpassing 300 billion yuan [8]. - The company has established a strong customer resource advantage in overseas markets, primarily through ODM/OEM models, and has become a key supplier for several well-known multinational companies [8]. Financial Summary - The company's total revenue is projected to grow from 1,798 million yuan in 2024 to 2,843 million yuan in 2027, reflecting a steady increase [9]. - Net profit is expected to rise from 215 million yuan in 2024 to 349 million yuan in 2027, indicating a positive growth trajectory [9]. - The estimated EPS for 2025 and 2026 are 1.34 yuan and 1.60 yuan, respectively, with corresponding PE ratios of 19 times and 16 times [8][9].