美丽田园医疗健康：CPE出售21.77%股份重要股价压制因素消退关注弹性机会

方正证券2025-06-30

事件：CPE 出售21.77%股份退出主要股东，此前重要股价压制因素消退。据公司公告披露，CPE 已达成一系列相关协议或完成相关交易，拟出售其所持有的约5132.9 万股本（占公司总股本21.77%），完成该系列交易后，CPE 将不再作为公司主要股东。优质长线基金集体入场，公司股权结构预计稳定向好。新晋股东包括外资长线的医疗健康领域基金、科技创新战略投资基金、国际领先的长线基金、国际优质对冲基金等...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n美丽田园医疗健康：CPE出售21.77%股份重要股价压制因素消退 关注弹性机会\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-06-30 00:00 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250630181620a4c661e6&s=b><strong>方正证券</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>事件：CPE 出售21.77%股份退出主要股东，此前重要股价压制因素消退。据公司公告披露，CPE 已达成一系列相关协议或完成相关交易，拟出售其所持有的约5132.9 万股本（占公司总股本21.77%），完成该系列交易后，CPE 将不再作为公司主要股东。优质长线基金集体入场，公司股权结构预计稳定向好。新晋股东包括外资长线的医疗健康领域基金、科技创新战略投资基金、国际领先的长线基金、国际优质对冲基金等...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250630181620a4c661e6&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02373","symbol_name":"美丽田园医疗健康","start_time":0,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250630181620a4c661e6&s=b","article_id":"2547095187","we_media_id":null,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250630181620a4c661e6&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2547095187","pubTimestamp":1751212800,"columns":[],"sourceInfo":{"source_id":"tencent","name":"腾讯"},"weMediaInfo":null,"summary":"事件：CPE 出售21.77%股份退出主要股东，此前重要股价压制因素消退。据公司公告披露，CPE 已达成一系列相关协议或完成相关交易，拟出售其所持有的约5132.9 万股本，完成该系列交易后，CPE 将不再作为公司主要股东。经营端稳定向好，关注奈瑞儿调整指标优化节奏。同时CPE 退出重要股价压制因素消退，预估25 年归母净利润约2.9 亿，同比增速约27%，对应估值23x，维持“强烈推荐”评级。","collect":0,"end_time":0,"defaultTopTitle":"qq.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"02373":"美丽田园医疗健康","BK1215":"特殊消费者服务"},"translate_title":"Beautiful Garden Medical and Health: CPE sells 21.77% of its shares, important stock price suppression factors fade, focus on flexible opportunities","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02373":1},"content_text":"事件：CPE 出售21.77%股份退出主要股东，此前重要股价压制因素消退。据公司公告披露，CPE 已达成一系列相关协议或完成相关交易，拟出售其所持有的约5132.9 万股本（占公司总股本21.77%），完成该系列交易后，CPE 将不再作为公司主要股东。优质长线基金集体入场，公司股权结构预计稳定向好。新晋股东包括外资长线的医疗健康领域基金、科技创新战略投资基金、国际领先的长线基金、国际优质对冲基金等。公司年度披露的三大战略举措中股东结构优化已关键性落地，此外高分红（2025-2027 年不低于50%）、长效激励机制（2025-2027 年营业收入及利润双提升）两大战略仍将持续落地。经营端稳定向好，关注奈瑞儿调整指标优化节奏。公司基本面整体稳定，25H1 经营端完成度优异，我们预估公司增长仍将延续全年目标。近期增持奈瑞儿20%股权，收购进一步完成关注经营指标持续调整优化，当前奈瑞儿在公司内部持续协同优化，盈利指标持续向好，未来利润率有望对标美田自身；关注奈瑞儿的持续调整优化，未来有望成为集团增长的重要动力。投资建议：公司通过内生外延双轮驱动+“双美+双保健”业务协同构建逆周期增长引擎，奈瑞儿整合成效持续兑现，亚健康业务爆发增长有效对冲医美景气度压力。同时CPE 退出重要股价压制因素消退，预估25 年归母净利润约2.9 亿，同比增速约27%，对应估值23x，维持“强烈推荐”评级。风险提示：行业竞争加剧；行业政策趋严风险；医疗事故风险；门店拓展不及预期等风险。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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美丽田园医疗健康：CPE出售21.77%股份重要股价压制因素消退 关注弹性机会

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美丽田园医疗健康：CPE出售21.77%股份重要股价压制因素消退关注弹性机会