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珀莱雅(603605):中报展现多品牌韧性,拟发行H股拉开国际化新篇章
Orient Securities· 2025-08-27 01:49
珀莱雅 603605.SH 公司研究 | 中报点评 中报展现多品牌韧性 拟发行 H 股拉开国际 化新篇章 核心观点 盈利预测与投资建议 ⚫ 根据中报,我们小幅调整公司盈利预测,预计公司 2025-2027 年每股收益分别为 4.44、5.13 和 5.88 元(原预测分别为为 4.56、5.36 和 6.06 元),DCF 目标估值 112.65 元,维持"买入"评级。 风险提示 行业竞争加剧、终端消费需求减弱、新品拓展不及预期等 公司主要财务信息 | | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业收入(百万元) | 8,905 | 10,778 | 11,784 | 12,926 | 14,156 | | 同比增长 (%) | 39.5% | 21.0% | 9.3% | 9.7% | 9.5% | | 营业利润(百万元) | 1,503 | 1,890 | 2,141 | 2,475 | 2,837 | | 同比增长 (%) | 42.1% | 25.8% | 13.3% | 15.6 ...
珀莱雅: 珀莱雅化妆品股份有限公司2025年半年度报告(英文版)
Zheng Quan Zhi Xing· 2025-08-26 16:13
Proya Cosmetics Co., Ltd. Semi-Annual Report 2025 Proya Cosmetics Co., Ltd. Semi-Annual Report 2025 Important Notes I. The Board of Directors, Board of Supervisors, directors, supervisors and senior management of the Company warrant that the content of the Semi-Annual Report is authentic, accurate and complete, free from false records, misleading statements and major omissions, and shall be jointly and severally liable therefore. II. All directors of the Company attended the meeting of the Board of Director ...