研报掘金丨华鑫证券：维持洽洽食品“买入”评级，业绩超预期，坚果类产品高增长

格隆汇08-25

华鑫证券研报指出，洽洽食品业绩超预期，坚果类产品高增长。2026H1归母净利润2.46亿元（同增177%），2026Q2归母净利润0.78亿元（同增581%）。原料价格同比下降，盈利能力明显回升。坚果类产品高增长，电商实现高增长。当前公司推动产品力持续提升，坚持差异化创新突破，增强全品类核心竞争力；深化线上线下渠道布局，统筹推进海内外市场拓展；优化原料采购与产能建设，全链融合增收节支，打造有竞争力...

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