康师傅控股2025年收益微降,净利大幅增长

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康师傅控股有限公司截至2025年12月31日止年度,收益为人民币790.68亿元,同比下降2.0%。销售成本从上年的人民币539.55亿元降至人民币515.36亿元,令毛利增至人民币275.32亿元,毛利率较上年提升1.7个百分点至34.8%。

分业务来看,方便利润板块收入约人民币284.21亿元,保持小幅增长;饮品板块收入约人民币501.23亿元,较上年下降2.9%。两大板块毛利率均有提升,其中方便利润板块毛利率达到29.7%,饮品板块则为37.5%。报告期内,除销售、税项、折旧及摊销前盈利为人民币106.07亿元,同比上升10.2%。整体净利润约人民币51.76亿元,同比增长19.8%,其中母公司股东应占溢利约人民币45.01亿元,增幅20.5%。

年内分销成本和行政费用分别为人民币181.32亿元和人民币29.89亿元,财务费用降至人民币3.21亿元。资产负债方面,截至报告期末,总资产为人民币549.40亿元,总负债为人民币364.41亿元,负债比率由66.9%略降至66.3%。股东权益总额达人民币185.00亿元,较上年同期增长5.0%。净负债与资本比率由-19.3%进一步下降至-29.8%,整体财务结构保持稳健。

现金流方面,经营活动的净流入约人民币82.02亿元,投资活动净流出约人民币53.09亿元。期末银行存款及现金约人民币194.86亿元,有息负债约人民币150.23亿元。整体而言,虽然收益微降,但毛利率和净利润均显著提升,现金流及资产负债结构仍维持在相对稳健水平。

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