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2021年-2025年第三季度健康产业板块平均R01C情况(单位:%)
2021年-2025年第三季度健康产业板块平均R01C情况(单位:%)
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所属报告:
毕马威:消费品零售业2025下半年度报告(70页).pdf
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8产品警理生产订单系统配置业工资管理维修记录USB导出记录次品使计登录记录故障异常工单管理机器管理定制报表 2025-09-2413:58:542025-09-2411:50252025-09-241420:232025-09-2412:30:382025-09-241143:400502-60-52022025-09-24 14:27:442025-09-24 13:54:262025-09-2413:54:052025-09-2413:52:292025-09-24 13:49:192025-09-24 10:30:252025-09-2410:25:342025-09-2410:24:342025-09-24 08:53:552025-09-2407:28:292025-09-2406:38:012025-09-24 01:30:202025-09-24 01:20:412025-09-2401:05:19记录时间 机器编号S8-4-36S8-5-29S8-4-2558-6-11S8-2-17S8-6-0258-6-028+85S8-6-0358-5-1858-6-0158-7-3058-4-2658-4-1858-4-34S8-5-3758-5-3758-4-3862-9-85S8-5-31 生产/庐线六A生产/产线四8生产产线四路生产/产线五8生产/产线四8生产/产线五B生产/产线四B生产/产线六A生产/产线二A生产/产线六A生产/产线六A生产产线五A生产/产技六A生产产线七B生产/产线四A生产/产线五8生产/产线四8生产/产线七A生产产线四B生产/产线五B车间产线 ZW5141-2H-001ZW5141-25H-001SW54027-1-002YSW54066-1-008ZW5141-2HS.001ZW5141-2SH-001YSWS-4027-1-002WPLDEC1007-007YSW5-4027-1-002YSWS4066-1-019YSW54066-1-008YSSO4056C-001R931-1005-001CW027BS-001CW027BS-001CZ2YB-01C22YB-01产品编号 WPLDEC1007字母C20R931-1005-24-00情红YSWS4027-1-1本白色YSW54027-1-1本自色YSWS40661注米色ZW5141-2深灰YSWS4066-1本白ZW5141-2深炭ZWS141-2深友YSWS4066-1本白ZW5141-2黑色CW027白色CW027果色CW027白色YSSO4056C产品款式C22月白C22月白22 字母C20-22D960黑色浅米色本白色本白色本白色颜色深灰白色深族深灰本白精红白白色本白黑色黑色 花样编号1217466374466974466369787657446636572765B7 YSW54027-1-1AWW-6295A-4YSWS4027-1-1YSWS4027-1-1YSWS4066-1-990SMSACW027-66ZW5141-2ZW5141-2ZW5141-2-990SMSACW027-666ZW5141-2花样名称ZW5141-2YSSO4056CCW027C22C22 其他次袜次品原因其他次袜其他次袜其他次袜其他次袜其他次袜其他次袜其他次袜其他次袜其他次袜其他次袜其他次袜其他次袜断线破润断线断线反纱 次品数量0.50.50.50.50.516.53.50.51.511.53611.530.515 双单位双双双双双双双双效双双双双双双双双双 电控上报电控上报上报方式电控上报电控上报电控上报电控上报电控上报电控上报电控上报电控上报电控上报电控上报电控上报电控上报电控上报电控上报电控上报电控上报电控上报电控上报 文成敏何绅英操作工文成额王国兰王国兰文成敏马龙飞魏玉英何件英王国兰逾粉粉
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整体来看,美容护理板块ROIC在2025年呈现分化趋势。领先梯队受经济不确定性及需求不足影响,ROIC 近五年持续下滑;但在政策支持和创新驱动下,2025年前三季度ROIC回升至9.1%,较上半年增长2.5个百 分点,展现出较强的盈利韧性。承压梯队在2023年反弹后,2024年至2025年呈震荡下行趋势,2025年三 季度微幅回调至4.6%,预计现金流将逐步改善。后列梯队ROIC虽长期低位运行,但2024年已出现修复迹 象,2025年前三季度达到2.4%,为近三年最高水平,显示该梯队企业盈利和资金实力正在稳步恢复。 注:梯队划分以申万美容护理数据为基准,去极值后按市值高低排,每个梯队含10家公司。 健康板块呈现“高位波动,整体下移,结构分层”的特征 总体来看,健康产业板块ROIC中枢较2020年明显下移,但呈现结构性分化特征。领先梯队与稳健梯队在 震荡中仍具备修复弹性。领先梯队ROIC在2025年上半年承压后,三季度回升至8.3%,较上半年增长3.2个 百分点,展现出较强韧性。稳健梯队ROIC在2023年达到17.1%,超越领先梯队,反映部分中上游企业在 细分赛道或渠道效率上的突破,且持续保持领先优势。相比之下,承压梯队与后列梯队ROIC整体低位运行, 格竞争及资本效率约束下,盈利修复能力明显不足。 ①2026毕马威企业咨询(中国)有限公司-中国有限责任公司,是与毕马威国际有限公司(英国私营担保有限公司)相关联的独立成员所全球组织中的成员。版权所有,不得转载。
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