智通财经APP获悉，中信建投发布研报称，予十月稻田(09676)“买入”评级，预计公司2025/2026/2027年收入分别为69.94/83.69/98.36亿元，净利润分别为6.31/7.96/9.74亿。公司第三季度收入17.4-18.2亿元，同增25.7%-31.5%，经营利润1.35-1.50亿元，同增71.5%-90.5%。该行认为公司产品和渠道均有发展空间，当前进入新一轮成长期，公司品牌具备溢价，随着对大米收入的依赖度降低、线下渠道占比持续提升，公司整体价值重估在即。
报告中称，十月稻田是国内领先且增长迅速的家庭食品公司，拥有十月稻田、柴火大院等广泛知名度的品牌，在大米和玉米保持销量领先。公司以大米业务和线上渠道起家，逐步拓展其他品类和线下渠道，24年成功打造抖音爆款玉米，品类逻辑打开，不再单一依靠大米，顺应消费趋势变化，向休闲化食品进军，推出更多即食产品，如水果玉米粒、即食玉米段等，25年向全渠道做深玉米品类。同时公司在山姆、胖东来等线下渠道持续扩张，增长势能强劲。公司品牌力具备溢价，渠道营销能力突出，并非传统基础农产品公司，公司价值有望逐步被市场认可。
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