收入稳健增长，产品生态布局持续丰富

 维持评级          30% 公牛集团 沪深300 20% 10% 0% 15694.76 17231.74 19010.23 21126.07 11.46 9.79 10.32 11.13 3870.14 4439.18 4745.77 5301.88 21.37 14.70 6.91 11.72 43.20 43.48 43.50 43.82 2.99 3.43 3.67 4.10 24.72 21.55 20.16 18.04 6.62 6.42 5.96 5.58 6.10 5.55 5.03 4.53 -10% -20% 2023-10 2023-11 2023-12 2024-01 2024-02 2024-03 2024-04 2024-05 2024-06 2024-07 2024-08 2024-09 -30% 11.46% 9.79% 10.32% 11.13% 23.94% 11.85% 7.00% 11.73% 21.37% 14.70% 6.91% 11.72% 43.20% 43.48% 43.50% 43.82% 24.66% 25.76% 24.96% 25.10% 26.79% 29.79% 29.57% 30.91% 24.53% 27.62% 27.52% 28.74% 26.83% 26.95% 27.27% 27.83% -25.89% -28.82% -35.17% -40.90% 3.22 3.22 3.21 3.16 2.91 2.89 2.87 2.83 0.86 0.86 0.89 0.92 63.86 59.84 55.85 52.18 4.82 4.47 4.39 4.29 2.99 3.43 3.67 4.10 3.73 3.74 4.02 4.48 11.18 11.53 12.42 13.27 24.72 21.55 20.16 18.04 6.62 6.42 5.96 5.58 17.22 17.09 15.75 13.97 6.10 5.55 5.03 4.53 4827.28 4837.34 5197.23 5794.44 3864.33 4434.74 4741.03 5296.59 282.89 251.98 268.39 287.39 -64.42 20.64 20.64 20.64 -198.69 -189.55 -209.11 -232.39 858.28 198.40 279.20 319.47 84.89 121.13 97.09 102.75 -3434.38 -290.51 -227.07 -206.41 -652.55 -511.15 -436.19 -438.80 0.00 0.00 0.00 0.00 -2781.83 220.64 209.11 232.39 -1987.05 -3500.15 -3620.64 -4220.64 -257.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1730.02 -3500.15 -3620.64 -4220.64 -593.16 1048.59 1349.52 1367.39 ·轻工行业 16347.82 16874.68 18463.16 20105.24 4743.71 5067.40 6416.92 7784.30 264.75 311.13 369.64 440.13 11.43 12.45 13.73 15.26 56.23 68.18 85.93 106.82 1421.08 1569.12 1730.46 1912.17 9850.61 9846.41 9846.49 9846.57 3414.39 3539.58 3610.28 3658.94 0.00 0.00 0.00 0.00 1986.17 2156.25 2211.84 2250.32 334.82 345.10 360.22 370.40 1093.40 1038.22 1038.22 1038.22 19762.21 20414.26 22073.44 23764.19 5070.06 5241.88 5760.04 6354.20 588.34 588.34 588.34 588.34 2056.66 2299.58 2595.69 2934.19 2425.05 2353.96 2576.01 2831.66 231.74 260.07 260.07 260.07 0.00 0.00 0.00 0.00 231.74 260.07 260.07 260.07 5301.79 5501.95 6020.11 6614.27 14.49 10.05 5.31 0.02 14445.92 14902.25 16048.02 17149.90 19762.21 20414.26 22073.44 23764.19 15694.76 17231.74 19010.23 21126.07 8914.18 9739.38 10740.78 11868.63 132.80 129.45 140.68 158.76 1070.44 1206.22 1425.77 1647.83 626.20 620.34 722.39 760.54 -108.51 -121.67 -131.38 -171.87 -62.64 0.00 0.00 0.00 18.20 0.00 0.00 0.00 198.69 189.55 209.11 232.39 4727.30 5287.32 5657.66 6321.26 2.77 5.38 6.16 6.94 193.74 75.36 86.14 96.92 4536.33 5217.34 5577.68 6231.28 672.01 782.60 836.65 934.69 3864.33 4434.74 4741.03 5296.59 -5.81 -4.43 -4.74 -5.30 3870.14 4439.18 4745.77 5301.88 4735.40 5347.65 5714.69 6346.79 2.99 3.43 3.67 4.10 ·轻工行业