本季度信息 2026年上半年，晨鸣纸业实现营业收入68.65亿元，同比上升225.90%。经调整净利润为-10.89亿元，较去年同期大幅收窄70.11%。同期经营活动产生的现金流量净额3.22亿元，同比下降58.95%。研发投入约1.23亿元，占比1.78%，同比提升235.24%；销售费用约0.61亿元，同比上涨19.56%；管理费用约2.30亿元，同比减少20.15%。
根据财报，本期毛利率约-7.20%，上年同期毛利率更为负值较大，显示公司整体经营表现有所改善；经营利润率约-17.88%，较去年同期亦明显修复，体现了成本端和费用端的管控效果。
业务分项 公司主要收入来自机制纸业务，上半年达56.38亿元，占总营收82.12%。化学浆贡献收入约10.00亿元，占比14.57%，同比增长35.16%。电力及热力带来收入1.21亿元，同比增加22.80%。酒店及物业板块实现收入约0.72亿元，同比微降1.84%。报告期内公司销售费用小幅攀升，管理费用则显著下降，整体成本结构呈现优化态势。
（公司暂未披露高管具体解读。）
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