25Q1 净利润6.0 亿,同比+32%,利润表现亮眼。收入端,25Q1 整体收入同比增长低双位数,其中饮料业务营收同比增长低双位数,食品业务营收同比高单位数。利润端,25Q1 公司毛利率同比+0.5pct,原物料价格下行提供正贡献(饮料的原物料价格同比下滑幅度较大),产品结构存在小幅负向贡献,25Q1 销售费用率同比-0.5pct 以上,主要系规模效应显现、公司精准投放等,共促25Q1 净利润...
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