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图31.浆纸系成品纸日度毛利率
图31.浆纸系成品纸日度毛利率
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图片大小：95KB
图片尺寸：1181*762
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轻工制造行业：基本面底部向上把握龙头价值低估-230625（20页）.pdf
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图10.2024–2025公司主营业务分产品毛利率对比（%）
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2026-07-21
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图11.2023Q1-2026Q1各季度公司毛利率、净利率（%）
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2026-07-21
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国内经济舱日度平均含油价&扣油价同比变动（元）
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2026-07-21
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国内经济舱日度平均票价一览
fCDml6XmnJ8gfCAyMDI15bm05Zu95YaF57uP5rWO6Iix5bmz5Z2H56Wo5Lu377yI5YWD77yJIHwgMjAyNuW5tOWbveWGhee7j+a1juiIseW5s+Wdh+elqOS7t++8iOWFg++8iSB8Cnw6LS0tOnw6LS0tOnw6LS0tOnwKfCAx5pyIMeaXpSB8IDYyMCB8IDc1MCB8CnwgMeaciDE15pelIHwgNzgwIHwgNjMwIHwKfCAy5pyIMeaXpSB8IDEsMjEwIHwgODIwIHwKfCAy5pyIMTXml6UgfCA3MjAgfCAxLDA4MCB8CnwgM+aciDHml6UgfCA2NDAgfCAxLDI4MCB8CnwgM+aciDE15pelIHwgNjAwIHwgNjgwIHwKfCA05pyIMeaXpSB8IDY2MCB8IDcwMCB8CnwgNOaciDE15pelIHwgNzYwIHwgODYwIHwKfCA15pyIMeaXpSB8IDc5MCB8IDkwMCB8CnwgNeaciDE15pelIHwgNjgwIHwgMSwxMzAgfAp8IDbmnIgx5pelIHwgNjUwIHwgNzkwIHwKfCA25pyIMTXml6UgfCA3NDAgfCA4NjAgfAp8IDfmnIgx5pelIHwgODMwIHwgOTEwIHwKfCA35pyIMTXml6UgfCA4NzAgfCA4ODAgfAp8IDjmnIgx5pelIHwgOTUwIHwgLSB8CnwgOOaciDE15pelIHwgODgwIHwgLSB8CnwgOeaciDHml6UgfCA3ODAgfCAtIHwKfCA55pyIMTXml6UgfCA2NTAgfCAtIHwKfCAxMOaciDHml6UgfCA3MDAgfCAtIHwKfCAxMOaciDE15pelIHwgMSwwNDAgfCAtIHwKfCAxMeaciDHml6UgfCA2NjAgfCAtIHwKfCAxMeaciDE15pelIHwgNTkwIHwgLSB8CnwgMTLmnIgx5pelIHwgNjMwIHwgLSB8CnwgMTLmnIgxNeaXpSB8IDc2MCB8IC0gfAoKKirms6gqKu+8muihqOS4reaVsOaNruS4uuagueaNruaKmOe6v+WbvuebruinhuS8sOeul+eahOi/keS8vOWAvO+8jCItIuihqOekuuivpeaXpeacn+aXoOWvueW6lOW5tOS7veaVsOaNruaIluaVsOaNruacquaYvuekuuOAggoKKirotYTmlpnmnaXmupAqKu+8muiIquePreeuoeWutu+8jOWbvea1t+ivgeWIuOeglOeptuaJgA==
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行业数据
2026-07-21
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南旋控股、申洲国际、晶苑国际毛利率情况
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行业数据
2026-07-21
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图4.2011-2026Q1公司毛利率及净利率（%）
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2026-07-21
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全球主要燃机主机厂销售毛利率呈现提升态势
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行业数据
2026-07-20
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乘用车企业分季度毛利率（%）及同环比变化（pct）
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2026-07-20
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国内线经济舱日度平均票价一览
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2026-07-20
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2025财年SpaceX综合毛利率49%
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2026-07-20
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乘用车企业分季度毛利率（%）
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2026-07-20
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戈碧迦分产品毛利率（单位：%）
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2026-07-20
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力诺药包分产品毛利率（单位：%）
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2026-07-20
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旗滨集团分产品毛利率（单位：%）
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2026-07-20
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彩虹股份分产品毛利率（单位：%）
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2026-07-20
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2026-07-30
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浆价企稳反弹&纸价下行，成品纸盈利持续回落。23 年以来，伴随浆价快速下行，成品纸盈利能力快速修复。4 月成品纸价格虽然开始下跌，但更快的浆价下行速度仍驱动盈利能力上涨。5 月以来，浆价到达低点后企稳反弹，成品纸价格延续下跌，盈利能力快速回落。截至 2023 年 6 月 21 日，双胶纸、双铜纸、白卡纸税前装置毛利分别为 414.27、242.29、-236.47 元/吨，日度毛利率分别为 7.62%、4.65%、-5.64%。
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轻工制造行业：基本面底部向上把握龙头价值低估-230625（20页）.pdf
表6.中国白卡纸产能规划
表5.家居龙头整装渠道情况梳理
表4.整装渠道主要合作模式
表3.2022年家居龙头分品类营收及增速（亿元）
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