| 指数 | 收盘 | | 涨跌（％） | | | --- | --- | --- | --- | --- | | 名称 | （点） | 1 日 | 5 日 | 1 月 | | 上证指数 | 4147 | -0.01 | 0.34 | 1.58 | | 深证综指 | 2755 | 0.33 | 1.26 | 2.79 | | 风格指数 (％) | 昨日 | 近 1 个月 | 近 6 个月 | | --- | --- | --- | --- | | 大盘指数 | -0.25 | 0.34 | 5.18 | | 中盘指数 | 0.41 | 1.02 | 22.14 | | 小盘指数 | 0.59 | 1.31 | 15.75 | | 涨幅居前 行业(％) | 昨日 | 近 1 个月 | 近 6 个月 | | --- | --- | --- | --- | | 元件Ⅱ | 5.57 | 13.86 | 41.45 | | 其他电源设 | 3.9 | 6 | 28.64 | | 备Ⅱ 风电设备Ⅱ | 3.89 | 1.04 | 41.58 | | 通信服务 | 3.29 | 3.43 | -1.44 | | 特钢Ⅱ ...

2026 年 02 月 26 日 市公司 研究 公司书 (002032) -2025 年业绩快报点评：内销稳定增长，坚持创新迭代 投资要点: 财务数据及盈利预测 | | 2024 | 2025Q1-3 | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入(百万元) | 22,427 | 16.897 | 22,772 | 23.924 | 25,008 | | 同比增长率（%） | 5.3 | 2.3 | 1.5 | 5.1 | 4.5 | | 归母净利润（百万元） | 2.244 | 1.366 | 2.097 | 2.226 | 2,383 | | 同比增长率（%） | 3.0 | -4.7 | -6.6 | 6.1 | 7.1 | | 每股收益（元/股） | 2.82 | 1.72 | 2.62 | 2.78 | 2.97 | | 毛利率(%) | 24.7 | 23.7 | 23.7 | 24.6 | 24.7 | | ROE (%) | 34.9 | 24.7 | 33.4 | 34.7 | 36.3 | | ...

上 市 公 司 证 券 研 究 报 告 评 2026 年 02 月 26 日 苏泊尔 (002032) ——2025 年业绩快报点评：内销稳定增长，坚持创新迭代 投资要点： 财务数据及盈利预测 | | 2024 | 2025Q1-3 | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入（百万元） | 22,427 | 16,897 | 22,772 | 23,924 | 25,008 | | 同比增长率（%） | 5.3 | 2.3 | 1.5 | 5.1 | 4.5 | | 归母净利润（百万元） | 2,244 | 1,366 | 2,097 | 2,226 | 2,383 | | 同比增长率（%） | 3.0 | -4.7 | -6.6 | 6.1 | 7.1 | | 每股收益（元/股） | 2.82 | 1.72 | 2.62 | 2.78 | 2.97 | | 毛利率（%） | 24.7 | 23.7 | 23.7 | 24.6 | 24.7 | | ROE（%） | 34.9 | 24.7 | 33.4 | 3 ...

Investment Rating - The report maintains a "Buy" rating for the company [2] Core Insights - The company's performance in 2025 Q1-3 showed a total revenue of 16.897 billion yuan, a year-on-year increase of 2%, while the net profit attributable to the parent company was 1.366 billion yuan, a decrease of 5% [7] - The company faced challenges in external sales due to tariffs, but internal sales demonstrated resilience, particularly in core categories like rice cookers and frying pans [7] - The company is benefiting from the "old-for-new" national subsidy policy, which has positively impacted internal sales, while external sales are affected by tariff-related adjustments [7] Financial Data Summary - Total revenue projections for 2025E are 23.651 billion yuan, with a year-on-year growth rate of 5.5% [6] - The net profit attributable to the parent company for 2025E is projected to be 2.255 billion yuan, reflecting a slight increase of 0.5% year-on-year [6] - The earnings per share (EPS) for 2025E is estimated at 2.81 yuan, with a projected price-to-earnings (PE) ratio of 17 [6][7]