本季度信息
中国圣牧－ＰＦ公告显示，2026年上半年实现营收15.46亿元，同比增长7.1%。主要得益于原料奶销量同比增长13.9%，在一定程度上对冲了原料奶销售价格同比下降6.0%的影响。同期毛利率从25.3%提升至29.0%，上升3.7个百分点。经营活动所得现金流为1.33亿元，相较上年同期有所下滑。公司现金EBITDA录得4.72亿元，较上年同期的4.84亿元减少0.12亿元。
公司指出，虽然飼料成本受市场价格回落等因素带动有所下降，单吨奶的销售成本同比降低10.7%，但销售及分销开支为0.34亿元，较上年同期增加31.4%，管理费用则同比减少3.8%至0.54亿元。
业务分项
原料奶业务方面，原料奶销售收入为15.46亿元，较上年同期增长7.1%，核心原因在于产量效率提升令原料奶销量进一步增长。育肥牛养殖业务及终端牛肉产品收入总计0.46亿元，低于上年同期水平，但公司在高端牛肉产品方面净收益同比增长275.2%，一定程度上抵消了营收减少的影响。
高管解读 （公告未披露具体管理层原话，故本部分暂无相关信息）
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