建投食饮杨骥迎驾贡酒202526Q1业绩摘要2025全
2025全年【收入& 预收款、利润】▪全年营收+60.19亿元，-18.04% ▪预收款较年初-0.93亿元▪营收+预收款变动合计+59.25亿元，-17.57%▪归母净利润+19.86亿元，-23.31%▪扣非归母净利润+19.12亿元，-25.49% 【现金流】▪销售收现+66.38 亿元 【建投食饮|杨骥】迎驾贡酒2025&26Q1业绩摘要， 2025全年【收入& 预收款、利润】▪全年营收+60.19亿元，-18.04%▪预收款较年初-0.93亿元▪营收+预收款变动合计+59.25亿元，-17.57%▪归母净利润+19.86亿元，-23.31%▪扣非归母净利润+19.12亿元，-25.49% 【现金流】▪销售收现+66.38亿元，-15.27% ▪经营性净现金流+12.34亿元，-35.27% 【利润率】▪毛利率+72.54%，-1.4pcts ▪销售费用率+11.13%，+2.06pcts▪管理费用率+4.29%，+1.12pcts▪归母净利率+32.99%，-2.27pcts▪扣非归母净利率+31.76%，-3.18pcts 【产品结构】▪中高档46.83亿元，-18.03%▪普通酒10.04亿元，-22.13% 2025Q4单季度【收入& 预收款、利润】▪ Q4营收+15.03亿元，-17.89%▪预收款较Q3+0.02亿元▪营收+预收款变动合计+15.05亿元，-24.92%▪归母净利润+4.74亿元，-18.63%▪扣非归母净利润+4.38亿元，-23.13% 【现金流】▪销售收现+16.22亿元，-22.51% ▪经营性净现金流+4.46亿元，-29.51% 【利润率】▪毛利率+72.42%，-0.49pcts ▪销售费用率+12.78%，+1.41pcts▪管理费用率+4.63%，+0.82pcts▪归母净利率+31.57%，-0.29pcts▪扣非归母净利率+29.12%，-1.98pcts 迎驾贡酒26Q1【收入& 预收款、利润】▪营收+22.3亿元，+8.91%▪预收款较年初+0.48亿元▪营收+预收款变动合计+22.78亿元，+18.25%▪归母净利润+8.35亿元，+0.73% ▪扣非归母净利润+8.18亿元，+0.18% 【现金流】▪销售收现+26.36亿元，+19.3% ▪经营性净现金流+11.35亿元，+129.02% 【利润率】▪毛利率+75.6%，-0.9pcts ▪销售费用率+9.23%，+1.52pcts▪管理费用率+3.03%，-0.1pcts▪归母净利率+37.43%，-3.04pcts▪扣非归母净利率+36.66%，-3.19pcts
