本季度信息
蒙牛乳业（股票代码：02319）发布截至2026年6月30日的中期业绩，报告期内营业收入为447.95亿元，同比增长7.8%。毛利率为40.8%。经营利润为36.76亿元，同比增长3.9%，经营利润率为8.2%。经营现金流净流入24.93亿元，同比下降11.1%。 销售及经销费用同比增加6.4%，占营收比重为27.6%；行政费用同比下降0.3%，占营收比重为4.3%；整体业务经营费用合计145.82亿元，同比增长5.6%，占营收比重为32.6%。另据披露，期内EBITDA为51.47亿元，同比增长12.0%。
业务分项
液态奶业务收入同比增长明显，子品类中鲜奶增幅超过30%，同时常温与低温牛奶保持稳健增长；冰淇淋业务实现42.07亿元收入；奶粉板块在“可比口径”下增速亦超30%，主要受益于功能化、精准营养以及高端化产品创新驱动；奶酪业务收入达到31.48亿元，同比增长超过30%，在B端餐饮与C端零售的双线需求带动下高位扩张。公司持续加强品类与渠道协同，通过新品叠加世界顶级体育IP的营销布局，推进品牌影响力与销量的双突破。
高管解读
（本期暂未披露高管原话）
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