Outdoor Mobi Garden 牧高笛
2 significant filings since 30 May 2026: 1 on guarantee or financial assistance and 1 on government subsidy. The latest, on 5 Aug 2026: 牧高笛户外用品股份有限公司关于为全资子公司提供担保的进展公告.
自 30 May 2026 起有 2 份重大公告：guarantee or financial assistance 1 份、government subsidy 1 份。最新一份（5 Aug 2026）：牧高笛户外用品股份有限公司关于为全资子公司提供担保的进展公告。
As of 25 Sep 2026 截至2026年9月25日
Outdoor Mobi Garden 牧高笛, listed in 2017, operates in the Apparel and Home Textiles industry. The company reported a net loss of -RMB34.2m in 2025, compared to a profit of RMB83.8m in 2024, reflecting a significant downturn. Revenue declined by 22.4% to RMB1.01bn in 2025. Despite the annual loss, the first half of 2026 showed a profit of RMB33.3m, though down 29.4% year-on-year. Operating cash flow per share improved to RMB1.06 in 2025 from RMB0.81 in 2024. The company’s financial position remains stable with a liabilities to assets ratio of 49.8% as of 30 Jun 2026. Key risks include sustained profitability challenges and declining revenue trends.
牧高笛于2017年上市，属于服装家纺行业。公司2025年归母净利润为-3,418.8万元，相比2024年8,376.2万元的盈利由盈转亏。2025年营业收入同比下降22.4%至10.12亿元。尽管全年亏损，2026年上半年实现归母净利润3,334.5万元，但同比减少29.4%。每股经营现金流由2024年0.81元提升至2025年1.06元。截至2026年6月30日，公司资产负债率为49.8%，财务状况保持稳定。主要风险包括持续盈利困难和收入下滑趋势。
| Flag 标记 | Risk 风险 | Mechanism 影响机制 |
|---|---|---|
| Attributable net loss in 2025; a profit in the period to 30 Jun 2026, -29.4% on the same period a year earlier 2025年归母净利润亏损；截至2026年6月30日的报告期盈利，较上年同期-29.4% | The company reported a net loss in 2025 after a profit in 2024, with a further decline in first-half 2026 profit. 公司2025年由盈利转为亏损，2026年上半年利润同比继续下降。 | A shift from profit to loss indicates weakening earnings performance, which may affect investor confidence and future funding capacity. The decline in first-half 2026 profit suggests ongoing pressure on profitability. 由盈转亏表明盈利表现减弱，可能影响投资者信心和未来融资能力。2026年上半年利润下降显示盈利能力持续承压。 |
| Revenue down 20% or more on the year before 营业收入同比下降20%或以上 | Revenue declined by 22.4% in 2025 compared to 2024. 2025年营业收入较2024年下降22.4%。 | A revenue drop of more than 20% signals shrinking business scale and possible market share loss, which could reduce operating leverage and long-term growth potential. 收入下降超20%表明业务规模收缩，可能失去市场份额，削弱经营杠杆和长期增长潜力。 |
- Attributable net profit for the full year 2026 to see if the loss is reversed or narrowed.
2026全年归母净利润是否实现扭亏或收窄亏损。 - Revenue trend in the second half of 2026 to assess recovery potential.
2026年下半年营业收入趋势以评估复苏可能性。 - Operating cash flow per share in 2026 to evaluate cash generation ability.
2026年每股经营现金流以评估现金创造能力。 - Liabilities to assets ratio at year-end 2026 to monitor financial stability.
2026年末资产负债率以监控财务稳定性。 - Gross margin in 2026 to assess pricing power and cost control.
2026年毛利率以评估定价能力与成本控制。 - Inventory days at year-end 2026 to check for potential overstocking.
2026年末存货周转天数以检查是否存在库存积压。
- Company: Outdoor Mobi Garden 牧高笛, Shanghai Stock Exchange 603908; industry Apparel and Home Textiles; listed 7 Mar 2017.
公司：牧高笛，上海证券交易所 603908；行业：服装家纺；上市日期：2017年3月7日。 - Close on 24 Sep 2026 RMB19.45; close on 24 Sep 2025 RMB25.54; one-year change -23.8%.
2026年9月24日收盘价19.45元；2025年9月24日收盘价25.54元；一年涨跌幅-23.8%。 - 52-week range RMB15.63 to RMB27.40.
52周区间15.63元至27.40元。 - Market capitalisation RMB1.81bn; P/E TTM not meaningful (loss-making); price to book 3.64x.
总市值18.11亿元；市盈率（TTM）不适用（亏损）；市净率3.64倍。 - Revenue 2025 RMB1.01bn; 2024 RMB1.30bn; change -22.4%.
营业收入2025年10.12亿元；2024年13.04亿元；同比-22.4%。 - Attributable net profit 2025 -RMB34.2m; 2024 RMB83.8m; change -140.8% (from a profit to a loss).
归属于母公司股东的净利润2025年-3,418.8万元；2024年8,376.2万元；同比-140.8%（由盈转亏）。 - Net profit excluding non-recurring items, 2025 change -175.5%.
2025年扣除非经常性损益后的净利润同比-175.5%。 - Basic EPS 2025 -RMB0.37; 2024 RMB0.90.
基本每股收益2025年-0.37元；2024年0.90元。 - Operating cash flow per share 2025 RMB1.06; 2024 RMB0.81.
每股经营现金流2025年1.06元；2024年0.81元。 - 2025 gross margin 28.6%; net margin -3.4%; ROE -6.7%.
2025年毛利率28.6%；净利率-3.4%；净资产收益率-6.7%。 - At 30 Jun 2026: liabilities to assets 49.8%; current ratio 1.67; quick ratio 1.02; receivable days 43; inventory days 160.
截至2026年6月30日：资产负债率49.8%；流动比率1.67；速动比率1.02；应收账款周转天数43；存货周转天数160。 - Period to 30 Jun 2026 (six months, not comparable with the full years above): revenue RMB589.7m, change -2.6%; attributable net profit RMB33.3m, change -29.4%; operating cash flow per share RMB1.41.
截至2026年6月30日的报告期（六个月，不可与上述全年数据直接比较）：营业收入5.90亿元，同比-2.6%；归母净利润3,334.5万元，同比-29.4%；每股经营现金流1.41元。 - Ownership: actual controller 陆暾华,陆暾峰; controlling shareholder 宁波大牧投资有限公司; largest holder at 30 Jun 2026: 宁波大牧投资有限公司, 50.57%.
股权：实际控制人：陆暾华,陆暾峰；控股股东：宁波大牧投资有限公司；2026年6月30日第一大股东：宁波大牧投资有限公司，持股50.57%。 - No distribution is held in this database, which begins on 1 Jan 2026; earlier distributions are not shown.
本数据库自2026年1月1日起记录，其中无该公司的分配记录；此前的分配未予显示。 - Aurelian Grade C, score 61.1 of 100, graded within a peer group of 61 companies in its industry; no rank among peers is given.
金源评级C，得分61.1（满分100），于行业同业61家中评定；未提供其在同业中的排名。 - Not held for this report: receivable ageing, litigation case amounts, the order book, the auditor's opinion and key audit matters, segment revenue.
本报告未掌握：应收账款账龄、诉讼案件金额、在手订单、审计意见及关键审计事项、分部收入。