> 数据图表谁能回答1.3 成长为王，业绩增速向上+估值提升成就股价双击2025-11-11.3 成长为王，业绩增速向上+估值提升成就股价双击◼ 2020年以来，美容护理标的经历股价双击、双杀与业绩触底反弹、股价V型反转等多种趋势。◼ 印证板块成长为王的投资属性，业绩高增长且增速向上，估值倍数快速正反馈，反之亦然。表1：2025年以来美容护理板块行情复盘股票代码简称20202021202220232024营收净利润营收净利润营收净利润营收净利润营收净利润25H1/2025Q1-3净利润营收2145.HK1318.HK2367.HK003010.SZ600315.SH603193.SH603605.SH300896.SZ300957.SZ.SH上美股份PE(TTM)毛戈平PE(TTM)巨子生物PE(TTM)若羽臣PE(TTM)上海家化PE(TTM)润本股份PE(TTM)珀莱雅PE(TTM)爱美客PE(TTM)贝泰妮PE(TTM)华熙生物PE(TTM)18%-24%18%-7%59%20%27%36%%225%---50%3%47-23%61166%-21%7744%17632%-7%-30%13%9%31%23%104%53%%%%9867%---0%-67%3551%6927%-21%74118%21559%155%135-26%16%52%-6%-7%47%38%34%25%%-57%426%-21%3016%94-27%3933%-42%6932%10422%8357%58%49%12%-7%21%39%48%10%-%-%-%74213%5188%-45%4361%616%3641%3446%5347%71-28%41-%5062%35%57%29%-14%28%21%5%4%-%69%3733%3142%2995%37亏润2833%3129%315%32-34%28-%4917%31%23%85%11%19%2%-22%-14%31%3136%4820%2982%87149%422%413%21-31%29-35%49-www.swsresearch.com 证券研究报告资料来源：Wind，申万宏源研究；注：港股业绩增速为25H1，A股为2025Q1-3数据6申万宏源大消费
