2026年上半年，海尔智家营业收入1521.15亿元，同比下降2.8%；归属于上市公司股东的净利润103.16亿元，同比下降14.27%，降幅是收入降幅的5倍。 这在海尔智家近几年的半年报中并不常见。 拆开利润表看，答案比“行业不景气”更复杂：既有周期性压力，也有主动的结构选择，还有一笔占归母净利润近一成的汇兑损失，共同压低了最终数字。 毛利率在改善，利润却在下滑 海尔智家收入端的拖累主要...
Source Link2026年上半年，海尔智家营业收入1521.15亿元，同比下降2.8%；归属于上市公司股东的净利润103.16亿元，同比下降14.27%，降幅是收入降幅的5倍。 这在海尔智家近几年的半年报中并不常见。 拆开利润表看，答案比“行业不景气”更复杂：既有周期性压力，也有主动的结构选择，还有一笔占归母净利润近一成的汇兑损失，共同压低了最终数字。 毛利率在改善，利润却在下滑 海尔智家收入端的拖累主要...
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