青岛啤酒2025年三季报点评:Q3板块需求略有承压,毛销差保持提升趋势

民生证券
Oct 29

事件:2025年10月27日,公司发布2025年三季报。2025年前三季度公司实现营收/归母净利润/扣非后归母净利润293.7/52.7/49.2亿元,分别同比+1.4%/+5.7%/+5.0%。经测算,25Q3公司实现营收/归母净利润/扣非后归母净利润88.8/13.7/12.9亿元,分别同比-0.2%/+1.6%/+2.4%。25Q3板块需求略有承压,产品结构保持提升趋势。25Q3公司营收同比...

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