中信证券:维持361度(01361)“买入”评级 双位数成长势能延续

智通财经
Oct 16, 2025

智通财经APP获悉,中信证券发布研报称,361度(01361)2025年Q3主品牌线下/童装线下/电商渠道流水同比+10%/ +10%/+20%,符合市场预期,侧面体现了公司突出的产品性价比持续受益当前消费环境。该行预计2025年公司收入有望延续双位数增长势能,并逐渐带动经营性现金流持续改善。长期来看,公司旗下户外品牌One Way业务以及海外线下批发及跨境电商业务的探索有望为公司提供新的增量,公司有望通过持续的业绩兑现和分红提升推动估值重塑。维持“买入”评级。

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