2020年三季报点评：Q3业绩提速增长，长期看好本土优质化妆品品牌商

Q3业绩提速增长，长期看好本土优质化妆品品牌商 -50%0%50%100%150%珀莱雅沪深300% 1M 3M 1Y 13.72 -4.29 75.68 13.23 -3.45 96.49 ··································································································································································································································································· 事件：20Q1~3营收同增10.14%，净利同增18.74% 点评： Q3线上持续快速增长、线下实现正增长，彩妆及精华类产品销售占比提升：毛利率降、费用率降、存货与应收账款周转放缓盈利预测、估值与评级风险提示要点