光大证券发布研报称,中国拼搭玩具行业市场空间广阔,布鲁可已成功转型切入该赛道,凭借优质IP、强大的产品力、渠道网络优势形成一定的品牌力。公司深度绑定奥特曼、变形金刚等头部IP,后续新IP开发及品类拓展推动增长。该行预计25-27年公司实现营业收入40.29/57.28/70.23亿元(yoy+79.8%/42.2%/22.6%),实现归母净利润9.92/14.92/19.28亿元,实现经调整净利润...
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