> 数据图表各位网友请教一下胶膜板块： 25Q2承压，龙头成本优势显著2025-9-3胶膜板块： 25Q2承压，龙头成本优势显著3胶膜板块25H1营收269.67亿元，同比-10.28%◆ 胶膜25H1营收269.67亿元，同比-10.28%,归母净利润8.81亿元，同比-43.10%；胶膜25Q1收入128.23亿元，同比-15.19%，环比-6.40%；25Q2收入141.44亿元，同比-5.32%，环比10.30%。◆ 胶膜25H1毛利率12.26%，同比-2.8pct。龙头企业福斯特毛利率12.15%，同比下降4.5pct。胶膜25Q1毛利率12.37%，同比-1.6pct、环比-2.1pct。25Q2毛利率12.16%，同比-4.0pct、环比-0.2pct。图表：胶膜板块公司季度营业收入及同比/环比变动表 单位：亿元；%营业收入福斯特海优新材赛伍技术鹿山新材天洋新材明冠新材深圳燃气合计25H179.596.3313.527.414.683.82154.32269.67同比-26.06%-57.47%-18.13%-33.27%-28.88%-36.85%11.99%-10.28%25Q136.243.166.433.342.191.7475.13128.23同比-31.89%-64.02%-27.35%-39.90%-24.39%-46.94%9.48%-15.19%图表：胶膜板块公司季度毛利率及同比/环比变动表 单位：%毛利率福斯特海优新材赛伍技术鹿山新材天洋新材明冠新材深圳燃气25H112.15%-1.42%2.19%11.66%22.36%-2.41%13.85%同比-4.5pct-2.3pct-6.9pct0.0pct5.2pct-10.7pct-2.7pct合计-2.8pct数据来源：Wind、东吴证券研究所12.26%4925Q113.10%-1.04%2.67%12.08%24.21%0.33%13.36%12.37%同比-2.2pct4.9pct-7.5pct0.8pct7.5pct-8.9pct-1.8pct-1.6pct环比-8.78%-41.41%-7.73%-27.43%-31.25%68.84%-1.26%-6.40%环比-0.3pct-0.5pct5.0pct2.5pct8.2pct13.0pct-5.2pct-2.1pct25Q243.343.187.094.072.492.0879.19141.4425Q211.36%-1.79%1.75%11.31%20.73%-4.69%14.31%12.16%同比-20.36%-48.07%-7.49%-26.62%-32.40%-24.96%14.47%-5.32%同比-6.7pct1.6pct-6.2pct-0.7pct3.2pct-11.9pct-3.4pct-4.0pct环比19.58%0.66%10.26%21.82%13.83%19.97%5.40%10.30%环比-1.7pct-0.8pct-0.9pct-0.8pct-3.5pct-5.0pct1.0pct-0.2pct东吴证券能源矿产
