智通财经APP获悉，国盛证券发布研报称，361度(01361)作为运动鞋服头部公司之一，业绩增速优异，预计公司2025-2027年归母净利润为12.61/14.20/15.88亿元，现价对应2025年PE为10倍，维持“买入”评级。
报告中称，361度披露2025Q3经营情况公告，全渠道流水增速优异。根据公司披露，2025Q3361度成人装线下渠道流水增长10%左右，童装线下流水增长10%左右，电商流水同比增长20%左右，整体表现优异，同时营运状况稳健，该行预计线下渠道库销比在4.5-5之间，同2025Q2末保持一致。
展望2025年，该行预计公司营收增长11.4%，归母净利润增长9.8%。2025Q1~Q3公司产品力以及渠道运营效率不断提升的背景下，公司实现了稳健的销售表现，综合考虑此前公司召开的订货会情况后，该行预计公司2025年营收增长11.4%，归母净利润增长9.8%。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.