2020年三季报点评：化妆品加工旺季订单充足，化工原料价格下跌收窄

， 化妆品加工旺季订单充足，化工原料价格下跌收窄 -50%0%50%100%150%200%青松股份沪深300% 1M 3M 1Y 5.86 -6.54 110.92 5.37 -5.69 131.72 ··································································································································································································································································· 事件：20Q1~3营收同增43.32%，净利同增6.70% 点评： 化妆品加工业务逐季改善，9月已恢复至满产状态、预计持续至年底：化工原料价格同比持续下跌、拖累净利表现，Q4预计有所缓解：毛利率降、费用率升、净利率降要点 盈利预测、估值与评级风险提示 rQmRrRoPxPmRrQmMoOtNpO6M9R9PmOmMtRmMkPrQpOkPmMpN9PoPmPwMnOmQxNqNmR