研报掘金丨华西证券：维持百亚股份“买入”评级，Q2外围市场高速开拓，看好后续拐点上扬

格隆汇2025-08-18

华西证券研报指出，百亚股份2025上半年归母净利1.88亿元、同比增长4.64%，单季度看，2025Q2归母净利润0.57亿元，同比-25.50%。2025Q2外围市场高速开拓，看好后续拐点上扬。现金流方面，2025上半年公司经营活动产生的现金流量净额0.68亿元。公司继续聚焦卫生巾系列产品，持续优化产品结构。销售费率提升系公司持续强化品牌建设和渠道拓展，加大了市场推广和品牌宣传力度以持续提升品牌...

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