维持“买入”评级,并基于1.0 倍2025 年市净率,同时参考15.0 倍2025 年市盈率,上调目标价至1.80 美元。此外,我们显著上调2025 年盈利预测,以反映水滴(“公司”)运营效率提升带来的盈利能力改善进展。2025 年第一季度,公司收入超我们的预期6.2%,超我们的盈利预期42.0%。因此,我们调整公司2025-2027 年股东净利润预测,分别至人民币3.12 亿元(+21.4%)/...
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