乖宝宠物跌14.42% 招商证券今刚维持强烈推荐评级就跌

中金财经
Oct 23, 2025

  中国经济网北京10月23日讯 乖宝宠物(301498.SZ)今日收报73.25元,跌幅14.42%。   招商证券股份有限公司研究员陈书慧、刘丽、胡思蓓、李秋燕今日发布研报《乖宝宠物(301498):Q3自主品牌势能延续竞争加剧、出口拖累利润》称,自主品牌势能延续,出口略有承压,看好盈利逐步改善。公司Q3收入/归母净利润分别同比+21.9%/-16.6%,受出口以及费用上升拖累利润承压。境内弗列加特、麦富迪(霸弗、奶弗等)增长延续,OEM方面关税影响承压,拖累整体盈利。预计25-27年归母净利润分别为6.9亿/8.7亿/11.1亿,预计25-27年EPS分别为1.73、2.18、2.77元,对应26年39xPE估值,维持“强烈推荐”评级。

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