业绩波动不改长逻辑，战略发展个性化精准营养业务

1 ◆ ◆ ◆ ◆ 1001.86 1093.05 1233.34 1512.38 1860.17 12.33 9.10 12.84 22.62 23.00 174.44 133.69 134.53 183.90 239.40 9.02 -23.36 0.63 36.70 30.18 43.50 42.51 42.38 42.95 43.19 0.44 0.33 0.34 0.46 0.60 62.10 81.02 80.52 58.90 45.25 11.56 6.99 6.43 5.80 5.14 18.61 8.63 7.99 9.85 11.36 ◆ 751.99 827.19 1,033.98 1,292.48 392.14 434.27 537.67 672.09 16.14%10.00%25.00%25.00%47.85%47.50%48.00%48.00%232.15 243.76 268.13 294.95 167.29 171.95 191.18 209.18 -33.99%5.00%10.00%10.00%27.94%29.46%28.70%29.08%107.04 160.56 208.72 271.34 68.93 103.56 133.58 175.01 50.00%30.00%30.00%35.61%35.50%36.00%35.50%1.87 1.84 1.54 1.40 0.02 0.93 0.40 0.54 -31.08%-1.58%-16.33%-8.95%98.80%49.40%74.10%61.75%1,093.05 1,233.34 1,512.38 1,860.17 9.10% 12.84% 22.62% 23.00% 628.38 710.71 862.84 1,056.82 42.51% 42.38% 42.95% 43.19% 资料来源：iFind，中航证券研究所