本季度信息
根据公司已披露的2025/2026中期业绩，报告期内营收约为372.21亿元，同比上升11.2%。经调整净利润19.67亿元，同比大幅增长318.8%。毛利率从去年同期的9.5%提升至14.4%，经营利润率则约为9.2%。经营活动所产生的现金流约为33.08亿元，同比减少22.5%。成本方面，销售及市场推广费用约为16.08亿元，同比增长29.1%，管理费用为12.21亿元，同比增长1.2%。
业务分项
包装纸业务收入约为331.21亿元，相较去年同期有所增长；文化用纸收入约为37.21亿元，同比增幅明显；高价特种纸产品业务收入约3.21亿元，略有下滑；漿品收入约0.58亿元，亦录得一定增长。公司管理层表示，漿纸一体化布局与产品组合多元化调整基本完成，高端纸占比进一步提升，带动整体业务结构不断优化。
高管解读
董事长张茵: “展望未来，中国政府持续推行更加积极的扩内需和促消费政策，叠加‘以纸代塑’的环保趋势及供给侧的优化，将推动行业供需格局进一步改善。面对新发展阶段的机遇与挑战，我将团结带领全体同仁，以战略定力锚定方向，以创新实干推动高质量发展，持续提升企业价值。”
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.