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2025年粮食实现丰收

9)上半年总营收同比下降 6%至38.3亿元人民币;经调整运营利润同比增长 35%至 9.05 亿元,相当于该机构全年预期的 57%,主要得益于音乐业务商业化水平的提升、毛利率的改善及销售费用的有效控制。该机构预计2H25/FY26毛利率扩张及效率提升将持续。相较于腾讯音乐44%的毛利率及3%销售费用率,公司目前毛利率及销售费用率(1H25分别为36%和4%)仍有较大改善空间,尤其是在中国音乐行业

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