> 数据图表咨询大家盈利预测2025-7-4盈利预测u 公司是中国领先且快速增长的在家吃饭餐食产品品牌。公司注重会员体系建设，线上渠道收入增加，形成与线下门店的紧密联动，形成全方位的线上线下一体化的即时零售体系，万店规模叠加供应链优势夯实“在家吃饭”龙头标的护城河，我们预计2025-2027年公司营业收入71.83/80.36/90.80亿元，归母净利润3.40/3.96/4.63亿元，对应PE估值为25/21/18x，维持“买入”评级。百万元202020212022202320242025E2026E2027E营业收入2971.753960.447181.736099.586469.817183.068036.319079.57营业成本毛利毛利率净利率yoyyoyyoyyoyyoy33.27%81.34%-15.07%6.17%11.02%11.88%12.98%2641.593604.795931.394747.305052.925552.516187.966964.03330.1611.11%36.46%355.657.72%8.98%-2.13%-1.46%-11.64%-10.18%15.00%64.54%-19.96%6.44%9.89%1250.341352.281416.891630.56251.57%17.41%8.43%3.36%8.15%22.17%4.76%4.32%0.96%4.78%21.90%-0.27%3.73%-0.59%15.08%22.70%0.80%4.74%1.01%11.44%1848.3513.36%23.00%0.30%4.93%0.19%12.54%2115.5414.46%23.30%0.30%5.10%0.18%资料来源：Wind，国海证券研究所请务必阅读报告附注中的风险提示和免责声明 27国海证券综合其他
