中国旺旺控股2025/2026上半年营收111.08亿元，净利润17.17亿元

公告速递

Dec 11, 2025

本季度信息

截至2025年9月30日止六个月，中国旺旺控股有限公司录得营收111.08亿元，同比增长2.1%。同期净利润17.17亿元，同比下降7.8%。毛利率为46.2%，较上年同期下降1.1个百分点；经营利润率20.4%，同比减少3.0个百分点。管理层表示乳制品原材料成本上升及多元渠道产品结构变化，是导致毛利率承压的主要因素。销售及管理费用率均有所提高，其中销售费用率上升1.4个百分点，行政费用率上升0.9个百分点。报告期内经营活动产生的现金净流入约为13.05亿元。

业务分项

米果类收入21.30亿元，同比增长3.5%。管理层提到礼包类产品销售占比上升伴随渠道聚焦策略，使得该板块有所增长。

乳品及饮料类收入59.41亿元，同比下降1.1%。主要原因在于核心乳品市场整体低迷，且外购奶粉成本上涨，同时部分针对特定渠道的产品平均售价较低，影响了本板块的收益与毛利表现。

休闲食品类收入29.40亿元，同比增长7.7%。其中糖果和冰品等子品类表现突出，销售量与占比双双提升。管理层归因于新兴渠道及多场景消费需求的带动。

其他产品收入约0.96亿元。报告称此类产品以酒类及其他食品为主，贡献了丰富的产品多样性。

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.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1170369755"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1170369755\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1170369755?lang=en_US&edition=fundamental","thumbnail":"","is_english":false,"pubTime":"2025-12-11 12:11","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1170369755","market":"hk","top_or_hot":-1,"title":"中国旺旺控股2025/2026上半年营收111.08亿元，净利润17.17亿元","media":"公告速递","content":"<p>本季度信息</p>\n<p>截至2025年9月30日止六个月，中国旺旺控股有限公司录得营收111.08亿元，同比增长2.1%。同期净利润17.17亿元，同比下降7.8%。毛利率为46.2%，较上年同期下降1.1个百分点；经营利润率20.4%，同比减少3.0个百分点。管理层表示乳制品原材料成本上升及多元渠道产品结构变化，是导致毛利率承压的主要因素。销售及管理费用率均有所提高，其中销售费用率上升1.4个百分点，行政费用率上升0.9个百分点。报告期内经营活动产生的现金净流入约为13.05亿元。</p>\n<p>业务分项</p>\n<p>米果类收入21.30亿元，同比增长3.5%。管理层提到礼包类产品销售占比上升伴随渠道聚焦策略，使得该板块有所增长。</p>\n<p>乳品及饮料类收入59.41亿元，同比下降1.1%。主要原因在于核心乳品市场整体低迷，且外购奶粉成本上涨，同时部分针对特定渠道的产品平均售价较低，影响了本板块的收益与毛利表现。</p>\n<p>休闲食品类收入29.40亿元，同比增长7.7%。其中糖果和冰品等子品类表现突出，销售量与占比双双提升。管理层归因于新兴渠道及多场景消费需求的带动。</p>\n<p>其他产品收入约0.96亿元。报告称此类产品以酒类及其他食品为主，贡献了丰富的产品多样性。</p>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>中国旺旺控股2025/2026上半年营收111.08亿元，净利润17.17亿元</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n中国旺旺控股2025/2026上半年营收111.08亿元，净利润17.17亿元\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1097772564\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">公告速递 </p>\n<p class=\"h-time\">2025-12-11 12:11</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>本季度信息</p>\n<p>截至2025年9月30日止六个月，中国旺旺控股有限公司录得营收111.08亿元，同比增长2.1%。同期净利润17.17亿元，同比下降7.8%。毛利率为46.2%，较上年同期下降1.1个百分点；经营利润率20.4%，同比减少3.0个百分点。管理层表示乳制品原材料成本上升及多元渠道产品结构变化，是导致毛利率承压的主要因素。销售及管理费用率均有所提高，其中销售费用率上升1.4个百分点，行政费用率上升0.9个百分点。报告期内经营活动产生的现金净流入约为13.05亿元。</p>\n<p>业务分项</p>\n<p>米果类收入21.30亿元，同比增长3.5%。管理层提到礼包类产品销售占比上升伴随渠道聚焦策略，使得该板块有所增长。</p>\n<p>乳品及饮料类收入59.41亿元，同比下降1.1%。主要原因在于核心乳品市场整体低迷，且外购奶粉成本上涨，同时部分针对特定渠道的产品平均售价较低，影响了本板块的收益与毛利表现。</p>\n<p>休闲食品类收入29.40亿元，同比增长7.7%。其中糖果和冰品等子品类表现突出，销售量与占比双双提升。管理层归因于新兴渠道及多场景消费需求的带动。</p>\n<p>其他产品收入约0.96亿元。报告称此类产品以酒类及其他食品为主，贡献了丰富的产品多样性。</p>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00151","symbol_name":"中国旺旺","start_time":0,"source_url":"","article_id":"1170369755","we_media_id":"1097772564","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1170369755","pubTimestamp":1765426304,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"公告速递","introduction":"港美股公告全覆盖","home_visible":1,"id":"1097772564","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"截至2025年9月30日止六个月，中国旺旺控股有限公司录得营收111.08亿元，同比增长2.1%。毛利率为46.2%，较上年同期下降1.1个百分点；经营利润率20.4%，同比减少3.0个百分点。管理层表示乳制品原材料成本上升及多元渠道产品结构变化，是导致毛利率承压的主要因素。销售及管理费用率均有所提高，其中销售费用率上升1.4个百分点，行政费用率上升0.9个百分点。报告期内经营活动产生的现金净流入约为13.05亿元。乳品及饮料类收入59.41亿元，同比下降1.1%。","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"zh","relate_stocks":{"00151":"中国旺旺"},"translate_title":"China Want Want Holdings' revenue in the first half of 2025/2026 was 11.108 billion yuan, and its net profit was 1.717 billion yuan","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00151":1},"content_text":"本季度信息\n截至2025年9月30日止六个月，中国旺旺控股有限公司录得营收111.08亿元，同比增长2.1%。同期净利润17.17亿元，同比下降7.8%。毛利率为46.2%，较上年同期下降1.1个百分点；经营利润率20.4%，同比减少3.0个百分点。管理层表示乳制品原材料成本上升及多元渠道产品结构变化，是导致毛利率承压的主要因素。销售及管理费用率均有所提高，其中销售费用率上升1.4个百分点，行政费用率上升0.9个百分点。报告期内经营活动产生的现金净流入约为13.05亿元。\n业务分项\n米果类收入21.30亿元，同比增长3.5%。管理层提到礼包类产品销售占比上升伴随渠道聚焦策略，使得该板块有所增长。\n乳品及饮料类收入59.41亿元，同比下降1.1%。主要原因在于核心乳品市场整体低迷，且外购奶粉成本上涨，同时部分针对特定渠道的产品平均售价较低，影响了本板块的收益与毛利表现。\n休闲食品类收入29.40亿元，同比增长7.7%。其中糖果和冰品等子品类表现突出，销售量与占比双双提升。管理层归因于新兴渠道及多场景消费需求的带动。\n其他产品收入约0.96亿元。报告称此类产品以酒类及其他食品为主，贡献了丰富的产品多样性。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport,SGX","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}