【兴证食饮】海天味业:收入保持稳健,效率提升效果持续释放

兴证食品饮料研究
Oct 31, 2025

投资要点事件:公司公告2025年三季报,2025年1-9月公司实现营收/归母净利润/扣非归母净利润216.28/53.22/51.55亿元,同比+6.02%/+10.54%/+11.72%。25Q3公司实现营收/归母净利润/扣非归母净利润63.98/14.08/13.39亿元,同比+2.48%/+3.40% /+3.86%,收入略低于预期。2025年1-9月基本EPS为0.94元。Q3调味品收入...

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