九毛九：聚焦年轻消费客群不断突围的中式餐饮创新者.pdf

Page 1 Table_StockInfo (09922) 42.7-46.4 36.8 2021 02 21 Table_BaseInfo / ( ) 1453/1453 / ( ) 535/535 / 3,696/15,823 12 / ( ) 38.7/7.7 0755-82150809 E-MAIL S0980511040003 0755-82132098 E-MAIL S0980513100003 0755-81982991 E-MAIL + IP IP / / / CAGR 16-19 32%/58% 2020H1 321 5 2020H1 105/161 83% 28%/71% 1995 2015 2020 15% / 20%/ 25% 3-5 21-25 120/140/160/180/200 2025 1031 1000 11.5% 2025 13 湊湊 2025 150 2000 9% 2025 3 20 2025 1 1 :3-5 20-22 EPS -0.02/0.32/0.48 21-22 PE 96/64X 42.7-46.4 “ ” 2018 2019 2020E 2021E 2022E ( ) 1,892 2,687 2,759 5,337 7,746 (+/-%) 28.8% 42.0% 2.7% 93.4% 45.1% ( ) 70 164 -25 466 697 (+/-%) 4.2% 136.1% -115.2% 1959.7% 49.6% ( ) - 0.11 -0.02 0.32 0.48 (ROE) - 123.5% -23.2% 107.3% 75.6% (PE) - 270.9 - 95.5 63.9 (PB) - 334.6 412.2 102.5 48.3 Wind 0.0 1.0 2.0 3.0 4.0 5.0 F/20 A/20 J/20 A/20 O/20 D/20