Gelonghui, May 6 | According to Haitian Flavour Industry Research Report, Haitian Flavour Industry (603288.SH) Q1 revenue grew steadily +10.21% year over year, and profit margins recovered slightly. In 2024, the company plans to target revenue of 27.51 billion yuan (yoy +12.01%) and net profit to mother of 6.23 billion yuan (yoy +10.72%). Considering that the company is the absolute leader in the industry, the brand, channel, and product strength are all extremely excellent, and are continuously being strengthened. The company was given 40-50 times PE over 24 years, corresponding to a reasonable value range of 45.2-56.5 yuan, and given a “superior to the market” rating.
研报掘金丨海通证券：海天味业Q1收入稳健增长，予“优于大市”评级
Research Report Nuggets丨Haitong Securities: Haitian Flavor Industry's Q1 revenue grew steadily, giving it a “superior to the market” rating
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