来源 | 财经九号院作者 | 卧龙2016年5月,妙可蓝多顶着A股“奶酪第一股”的头衔借壳上市,一时风头无两。上市当年归母净利润大幅增长111.72%,此后9年多时间来,业绩虽然有起落,但好歹一直处于盈利状态。在这些光鲜的业绩数据之下,作者发现妙可蓝多其实并不好看,比如业绩质量并不高,利润表现过度依赖投资收益、政府补助等非经营性因素,扣非后的归母净利润表现就更难看了,不过即便是上市以来累计赚了7...
Source Link来源 | 财经九号院作者 | 卧龙2016年5月,妙可蓝多顶着A股“奶酪第一股”的头衔借壳上市,一时风头无两。上市当年归母净利润大幅增长111.72%,此后9年多时间来,业绩虽然有起落,但好歹一直处于盈利状态。在这些光鲜的业绩数据之下,作者发现妙可蓝多其实并不好看,比如业绩质量并不高,利润表现过度依赖投资收益、政府补助等非经营性因素,扣非后的归母净利润表现就更难看了,不过即便是上市以来累计赚了7...
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