> 数据图表怎样理解4.4、业务拆分及预测2025-4-44.4、业务拆分及预测图表：厦门国贸主营业务拆分及预测2023A2024E2025E2026E营业总收入 （亿元）4682.473890.534046.094188.37YoY-10.29%-16.91%4.00%3.52%毛利润（亿元）YoY 毛利率供应链管理业务收入（亿元）4652.953877.264026.194161.50供应链管理业务毛利润（亿元）YoY-8.00%-16.67%3.84%3.36%YoY金属及金属矿产收入（亿元）2341.961903.971927.071953.24YoY-12.62%-18.70%1.21%1.36%能源化工收入（亿元）1314.381123.791215.381288.91供应链管理业务毛利率金属及金属矿产毛利润（亿元）YoY 毛利率YoY1.02%-14.50%8.15%6.05%能源化工毛利润（亿元）农林牧渔收入941.27849.50883.73919.35YoY-8.57%-9.75%健康科技业务收入（亿元）7.3713.274.03%19.904.03%26.86YoY64.82%80.00%50.00%35.00%YoY 毛利率农林牧渔毛利润（亿元）YoY 毛利率营业成本（亿元）4618.353826.603976.804113.86健康科技业务毛利润（亿元）YoY-9.87%-17.14%3.93%3.45%供应链管理业务成本（亿元）4,592.183818.643964.864097.74YoY-8.03%-16.84%3.83%7.9611.9443.39%50.00%35.00%3.35%16.12YoY健康科技业务毛利率 归母净利润（亿元）YoY归母净利率2023A64.12 -32.4%1.37%60.77-5.63%1.31%31.80 9.43%1.36%17.74 -3.27%1.35%11.13-50.07%1.18%1.82--2024E 63.93 -0.3%1.64%58.62 -3.53%1.51%20.28 -36.23%1.07%21.35 20.33%1.90%16.99 52.65%2.00%5.312025E 69.28 8.38%1.71%61.32 4.61%1.52%20.56 1.37%1.07%23.09 8.15%1.90%17.67 4.03%2.00%7.962026E 74.51 7.54%1.78%63.76 3.98%1.53%20.89 1.60%1.07%24.49 6.05%1.90%18.39 4.03%2.00%10.75191.70%50.00%35.00%24.73%40.00%19.1512.19-46.65%-36.34%0.41%0.31%40.00%16.0731.85%0.40%40.00%20.8829.93%0.50%请务必阅读报告附注中的风险提示和免责声明 37健康科技业务成本（亿元）YoY5.55--资料来源：Wind，国海证券研究所国海证券综合其他
