{"entry_id": "b1ce43a0-8513-4bce-908b-825c5d855ac0", "infos": [{"txt": "header", "language": "chinese", "position": {"pdf_position": [{"page_number": 0, "shape": [1650, 1275], "position_id": 0, "bbox": [[0.736, 0.013, 0.911, 0.064]]}]}, "tags": ["header"], "label": "O", "web_segment_id": -1, "global_sentence_id": 0, "edu_l1_label": "EDU_O"}, {"txt": "header", "language": "chinese", "position": {"pdf_position": [{"page_number": 0, "shape": [1650, 1275], "position_id": 0, "bbox": [[0.081, 0.046, 0.273, 0.061]]}]}, "tags": ["header"], "label": "O", "web_segment_id": -1, "global_sentence_id": 1, "edu_l1_label": "EDU_O"}, {"txt": "稳健医疗（300888）", "language": "chinese", "position": {"pdf_position": [{"page_number": 0, "shape": [1650, 1275], "position_id": 100000, "bbox": [[0.09, 0.083, 0.436, 0.113]]}]}, "tags": ["title"], "label": "content", "web_segment_id": 9, "global_sentence_id": 2, "edu_l1_label": "BOT"}, {"txt": "全棉时代加速成长", "language": "chinese", "position": {"pdf_position": 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"language": "chinese", "position": {"pdf_position": [{"page_number": 0, "shape": [1650, 1275], "position_id": 300000, "bbox": [[0.174, 0.226, 0.629, 0.239], [0.092, 0.24, 0.226, 0.253]]}]}, "tags": ["text"], "label": "content", "web_segment_id": 4, "global_sentence_id": 6, "edu_l1_label": "IOS"}, {"txt": "全棉时代24Q3 收入10.8 亿同增20.6%，其中品类方面，干湿棉柔巾24Q3 同增47.1%，卫生巾24Q3 同增17.1%，成人服饰24Q3同增23.8%；", "language": "chinese", "position": {"pdf_position": [{"page_number": 0, "shape": [1650, 1275], "position_id": 300000, "bbox": [[0.226, 0.24, 0.638, 0.253], [0.092, 0.254, 0.63, 0.268], [0.092, 0.269, 0.187, 0.282]]}]}, "tags": ["text"], "label": "content", "web_segment_id": 4, "global_sentence_id": 7, "edu_l1_label": "IOS"}, {"txt": "公司24Q3 归母净利1.7 亿同减88%，主要原因是受到去年同期城市更新项目会计处理的影响，当期增厚净利润基数达到13.6 亿元。", "language": "chinese", "position": {"pdf_position": [{"page_number": 0, "shape": [1650, 1275], "position_id": 400000, "bbox": [[0.092, 0.292, 0.63, 0.305], [0.092, 0.306, 0.514, 0.319]]}]}, "tags": 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"position_id": 500000, "bbox": [[0.092, 0.375, 0.445, 0.386]]}]}, "tags": ["text"], "label": "content", "web_segment_id": 0, "global_sentence_id": 11, "edu_l1_label": "IOS"}, {"txt": "24Q1-3 收入26.6 亿同减11.5%，占比总收入43.7%；", "language": "chinese", "position": {"pdf_position": [{"page_number": 0, "shape": [1650, 1275], "position_id": 500000, "bbox": [[0.445, 0.375, 0.629, 0.386], [0.092, 0.389, 0.298, 0.4]]}]}, "tags": ["text"], "label": "content", "web_segment_id": 0, "global_sentence_id": 12, "edu_l1_label": "IOS"}, {"txt": "其中常规医用耗材产品24Q3 收入8.5 亿同增14.3%；", "language": "chinese", "position": {"pdf_position": [{"page_number": 0, "shape": [1650, 1275], "position_id": 500000, "bbox": [[0.298, 0.389, 0.629, 0.4], [0.092, 0.403, 0.15, 0.415]]}]}, "tags": ["text"], "label": "content", "web_segment_id": 0, "global_sentence_id": 13, "edu_l1_label": "IOS"}, {"txt": "核心品类方面，高端敷料24Q1-3 收入5.7 亿同增33.5%；", "language": "chinese", "position": {"pdf_position": [{"page_number": 0, "shape": [1650, 1275], 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"position_id": 500000, "bbox": [[0.586, 0.43, 0.629, 0.443], [0.092, 0.444, 0.176, 0.457]]}]}, "tags": ["text"], "label": "content", "web_segment_id": 0, "global_sentence_id": 17, "edu_l1_label": "IOS"}, {"txt": "24Q1-3 收入33.6 亿同增13.7%，占比总收入55.4%；", "language": "chinese", "position": {"pdf_position": [{"page_number": 0, "shape": [1650, 1275], "position_id": 500000, "bbox": [[0.176, 0.444, 0.556, 0.457]]}]}, "tags": ["text"], "label": "content", "web_segment_id": 0, "global_sentence_id": 18, "edu_l1_label": "IOS"}, {"txt": "品类方面，核心爆品干湿棉柔巾24Q1-3 收入10.1 亿同增31.3%，销售额引领全品类显著增长，卫生巾24Q1-3 收入4.6 亿同增10.4%，成人服饰24Q1-3 收入6.4亿同增13.3%；", "language": "chinese", "position": {"pdf_position": [{"page_number": 0, "shape": [1650, 1275], "position_id": 500000, "bbox": [[0.556, 0.444, 0.639, 0.457], [0.092, 0.458, 0.629, 0.472], [0.092, 0.473, 0.63, 0.486], [0.092, 0.487, 0.207, 0.5]]}]}, "tags": ["text"], "label": "content", "web_segment_id": 0, "global_sentence_id": 19, "edu_l1_label": "IOS"}, {"txt": "渠道方面，线上渠道累计实现14.0%的增长,线下门店累计实现将近双位数的收入增长;", "language": "chinese", "position": {"pdf_position": [{"page_number": 0, "shape": [1650, 1275], "position_id": 500000, "bbox": [[0.207, 0.487, 0.629, 0.5], [0.092, 0.501, 0.293, 0.514]]}]}, "tags": ["text"], "label": "content", "web_segment_id": 0, "global_sentence_id": 20, "edu_l1_label": "IOS"}, {"txt": "24Q1-3 公司归母净利5.5 亿同减74%，主要原因是受到去年同期城市更新项目会计处理的影响，当期增厚净利润基数达到13.6 亿，由于房地产市场发生较大变化，该项目已暂缓推进建设，并已于2023 年年报冲回此净利润13.6 亿；", "language": "chinese", "position": {"pdf_position": [{"page_number": 0, "shape": [1650, 1275], "position_id": 600000, "bbox": [[0.092, 0.526, 0.629, 0.538], [0.092, 0.539, 0.629, 0.552], [0.092, 0.553, 0.629, 0.566], [0.092, 0.569, 0.159, 0.58]]}]}, "tags": ["text"], "label": "content", "web_segment_id": 6, "global_sentence_id": 21, "edu_l1_label": "IOS"}, {"txt": "24Q1-3 公司扣非后归母4.7 亿同减24%；", "language": "chinese", "position": {"pdf_position": [{"page_number": 0, "shape": [1650, 1275], "position_id": 600000, "bbox": [[0.159, 0.569, 0.456, 0.58]]}]}, "tags": ["text"], "label": "content", "web_segment_id": 6, "global_sentence_id": 22, "edu_l1_label": "IOS"}, {"txt": "24Q1-3 公司毛利率48.14%同减2.03pct；", "language": "chinese", "position": {"pdf_position": [{"page_number": 0, "shape": [1650, 1275], "position_id": 700000, "bbox": [[0.092, 0.592, 0.388, 0.603]]}]}, "tags": ["text"], "label": "content", "web_segment_id": 16, "global_sentence_id": 23, "edu_l1_label": "IOS"}, {"txt": "净利率9.66%同减26.71pct。", "language": "chinese", "position": {"pdf_position": [{"page_number": 0, "shape": [1650, 1275], "position_id": 700000, "bbox": [[0.388, 0.592, 0.596, 0.603]]}]}, "tags": ["text"], "label": "content", "web_segment_id": 16, "global_sentence_id": 24, "edu_l1_label": "IOS"}, {"txt": "全棉时代品牌与核心爆品认可度持续提升", "language": "chinese", "position": {"pdf_position": [{"page_number": 0, "shape": [1650, 1275], "position_id": 800000, "bbox": [[0.092, 0.614, 0.4, 0.628]]}]}, "tags": ["title"], "label": "title1", "web_segment_id": 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"position": {"pdf_position": [{"page_number": 0, "shape": [1650, 1275], "position_id": 4500000, "bbox": [[0.405, 0.393, 0.843, 0.405]]}]}, "tags": ["text"], "label": "content", "web_segment_id": 6, "global_sentence_id": 100, "edu_l1_label": "IOS"}, {"txt": "天风证券的资产管理部门、自营部门以及其他投资业务部门可能独立做出与本报告中的意见或建议不一致的投资决策。", "language": "chinese", "position": {"pdf_position": [{"page_number": 0, "shape": [1650, 1275], "position_id": 4500000, "bbox": [[0.843, 0.393, 0.918, 0.405], [0.081, 0.411, 0.791, 0.423]]}]}, "tags": ["text"], "label": "content", "web_segment_id": 6, "global_sentence_id": 101, "edu_l1_label": "IOS"}, {"txt": "特别声明", "language": "chinese", "position": {"pdf_position": [{"page_number": 0, "shape": [1650, 1275], "position_id": 4600000, "bbox": [[0.081, 0.447, 0.145, 0.459]]}]}, "tags": ["title"], "label": "title1", "web_segment_id": 7, "global_sentence_id": 102, "edu_l1_label": "BOS"}, {"txt": "在法律许可的情况下，天风证券可能会持有本报告中提及公司所发行的证券并进行交易，也可能为这些公司提供或争取提供投资银行、财务顾问和金融产品等各种金融服务。", 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# 稳健医疗（300888）全棉时代加速成长
## 公司发布三季报
## 全棉时代品牌与核心爆品认可度持续提升
## 全球化战略迈上新台阶
## 调整盈利预测，维持“增持”评级
## 风险提示：
