中商官网
研究报告
泸天化（000912）
主要经济指标
| 类别\年份 | 营业收入 （元) |
营业利润 （元) |
利润总额 （元) |
净利润 （元) |
资产总计 （元) |
负债合计 （元) |
股东权益合计 （元) |
| 1996 | 810000000.0000 | 176000000.0000 | 177000000.0000 | 151000000.0000 | 409000000.0000 | 191000000.0000 | 219000000.0000 |
| 1997 | 824000000.0000 | 185000000.0000 | 185000000.0000 | 157000000.0000 | 402000000.0000 | 184000000.0000 | 219000000.0000 |
| 1998 | 856000000.0000 | 171000000.0000 | 169000000.0000 | 144000000.0000 | 354000000.0000 | 114000000.0000 | 240000000.0000 |
| 1999 | 1384000000.0000 | 182000000.0000 | 198000000.0000 | 167000000.0000 | 3567000000.0000 | 1765000000.0000 | 1802000000.0000 |
| 2000 | 1376000000.0000 | 141000000.0000 | 176000000.0000 | 126000000.0000 | 3575000000.0000 | 1697000000.0000 | 1878000000.0000 |
| 2001 | 1541000000.0000 | 104000000.0000 | 130000000.0000 | 111000000.0000 | 3409000000.0000 | 1445000000.0000 | 1964000000.0000 |
| 2002 | 1694000000.0000 | 139000000.0000 | 152000000.0000 | 141000000.0000 | 3662000000.0000 | 1545000000.0000 | 2117000000.0000 |
| 2003 | 2152000000.0000 | 220000000.0000 | 249000000.0000 | 207000000.0000 | 3575000000.0000 | 1339000000.0000 | 2236000000.0000 |
| 2004 | 2670000000.0000 | 422000000.0000 | 401000000.0000 | 340000000.0000 | 3698000000.0000 | 1239000000.0000 | 2459000000.0000 |
| 2005 | 3123000000.0000 | 582000000.0000 | 649000000.0000 | 548000000.0000 | 4666000000.0000 | 1993000000.0000 | 2673000000.0000 |
| 2006 | 4799000000.0000 | 591000000.0000 | 620000000.0000 | 521000000.0000 | 5101000000.0000 | 2256000000.0000 | 2845000000.0000 |
| 2007 | 5886000000.0000 | 690000000.0000 | 686000000.0000 | 598000000.0000 | 5314000000.0000 | 2240000000.0000 | 3074000000.0000 |
| 2008 | 5766000000.0000 | 469000000.0000 | 489000000.0000 | 415000000.0000 | 7893000000.0000 | 4243000000.0000 | 3650000000.0000 |
| 2009 | 4746000000.0000 | 59238900.0000 | 120000000.0000 | 79981100.0000 | 7329000000.0000 | 3616000000.0000 | 3714000000.0000 |
| 2010 | 3505000000.0000 | -255000000.0000 | -224000000.0000 | -240000000.0000 | 7279000000.0000 | 4075000000.0000 | 3204000000.0000 |
| 2011 | 3860000000.0000 | 42853700.0000 | 44878000.0000 | 28187700.0000 | 9204000000.0000 | 5885000000.0000 | 3319000000.0000 |
| 2012 | 4168000000.0000 | 108000000.0000 | 101000000.0000 | 79476300.0000 | 13108000000.0000 | 10050000000.0000 | 3058000000.0000 |
| 2013 | 4073000000.0000 | -437000000.0000 | -434000000.0000 | -401000000.0000 | 13801000000.0000 | 11118000000.0000 | 2683000000.0000 |
| 2014 | 4004000000.0000 | -1404000000.0000 | -1400000000.0000 | -1349000000.0000 | 12643000000.0000 | 11479000000.0000 | 1165000000.0000 |
| 2015 | 3028000000.0000 | -65522200.0000 | -12527300.0000 | -29616400.0000 | 8286000000.0000 | 7541000000.0000 | 745000000.0000 |
| 2016 | 3059000000.0000 | -660000000.0000 | -642000000.0000 | -638000000.0000 | 7665000000.0000 | 7549000000.0000 | 115000000.0000 |
| 2017 | 3735000000.0000 | -1372000000.0000 | -1374000000.0000 | -1489000000.0000 | 5956000000.0000 | 7322000000.0000 | -1366000000.0000 |
| 2018 | 4405000000.0000 | 365000000.0000 | 355000000.0000 | 350000000.0000 | 7044000000.0000 | 2306000000.0000 | 4737000000.0000 |
| 2019 | 5507000000.0000 | 250000000.0000 | 261000000.0000 | 281000000.0000 | 6782000000.0000 | 1738000000.0000 | 5044000000.0000 |
| 2020 | 5618000000.0000 | 393000000.0000 | 363000000.0000 | 382000000.0000 | 7852000000.0000 | 2436000000.0000 | 5415000000.0000 |
| 2021 | 6753000000.0000 | 464000000.0000 | 460000000.0000 | 452000000.0000 | 9688000000.0000 | 3809000000.0000 | 5878000000.0000 |
| 2022 | 7534000000.0000 | 468000000.0000 | 471000000.0000 | 367000000.0000 | 10461000000.0000 | 4200000000.0000 | 6262000000.0000 |
| 2023 | 6418000000.0000 | 174000000.0000 | 187000000.0000 | 146000000.0000 | 10390000000.0000 | 3985000000.0000 | 6406000000.0000 |
| 2024 | 5070000000.0000 | 60731300.0000 | 101000000.0000 | 76157400.0000 | 10885000000.0000 | 4516000000.0000 | 6381000000.0000 |
| 2025 | 4495000000.0000 | 34488700.0000 | 54093000.0000 | 31526200.0000 | 9406000000.0000 | 3055000000.0000 | 6351000000.0000 |
盈利能力分析
| 类别\年份 | 销售毛利率 （%) |
营业利润率 （%) |
总资产利润率 （%) |
净资产收益率 | 存货周转率 | 应收账款周转率 （次) |
总资产周转率 （次) |
| 1996 | 21.73 | 21.85 | 43.28 | -- | 7.7900 | 297.52 | 1.98 |
| 1997 | 22.33 | 22.45 | 46.02 | -- | 7.4900 | 47.24 | 2.05 |
| 1998 | 19.74 | 19.74 | 47.74 | -- | 7.6200 | 21.10 | 2.42 |
| 1999 | 12.93 | 14.31 | 5.55 | -- | 5.0600 | -- | 0.39 |
| 2000 | 9.30 | 12.79 | 4.92 | 8.9600 | 3.3700 | -- | 0.38 |
| 2001 | 4.54 | 8.44 | 3.81 | 7.0300 | 5.1900 | 107.46 | 0.45 |
| 2002 | 8.21 | 8.97 | 4.15 | 7.3300 | 5.5800 | 108.11 | 0.46 |
| 2003 | 10.59 | 11.57 | 6.97 | 10.0100 | 4.9400 | 201.12 | 0.60 |
| 2004 | 16.18 | 15.02 | 10.84 | 15.2200 | 5.0300 | 59.02 | 0.72 |
| 2005 | 18.86 | 20.78 | 13.91 | 23.4800 | 3.1400 | 49.32 | 0.67 |
| 2006 | 11.46 | 12.92 | 12.15 | 21.3600 | 3.8100 | 230.77 | 0.94 |
| 2007 | 10.81 | 11.65 | 12.91 | 20.0800 | 5.0600 | 86.33 | 1.11 |
| 2008 | 8.31 | 8.48 | 6.20 | 12.6400 | 3.5700 | 58.44 | 0.73 |
| 2009 | 1.50 | 2.53 | 1.64 | 4.5300 | 2.9400 | 48.45 | 0.65 |
| 2010 | -6.13 | -6.39 | -3.08 | -7.0700 | 3.4200 | 33.36 | 0.48 |
| 2011 | 2.54 | 1.16 | 0.49 | 0.6800 | 3.8300 | 42.55 | 0.42 |
| 2012 | 1.90 | 2.42 | 0.77 | 0.6900 | 4.8300 | 25.96 | 0.32 |
| 2013 | -10.39 | -10.66 | -3.14 | -14.1300 | 4.9400 | 28.82 | 0.30 |
| 2014 | -33.97 | -34.97 | -11.07 | -83.1000 | 4.7200 | 40.09 | 0.32 |
| 2015 | -7.60 | -0.41 | -0.15 | 2.3600 | 3.8800 | 43.80 | 0.37 |
| 2016 | -21.58 | -20.99 | -8.38 | -148.1300 | 7.0400 | 281.25 | 0.40 |
| 2017 | -36.97 | -36.79 | -23.07 | -- | 9.2800 | 300.00 | 0.63 |
| 2018 | 7.97 | 8.06 | 5.04 | 478.4700 | 8.2000 | 404.49 | 0.63 |
| 2019 | 3.98 | 4.74 | 3.85 | 5.7800 | 9.8900 | 315.79 | 0.81 |
| 2020 | 4.77 | 6.46 | 4.62 | 7.2800 | 10.4600 | 177.34 | 0.72 |
| 2021 | 7.92 | 6.81 | 4.75 | 7.9000 | 10.3000 | 69.77 | 0.70 |
| 2022 | 7.06 | 6.25 | 4.50 | 6.0500 | 9.7100 | 68.70 | 0.72 |
| 2023 | 1.57 | 2.91 | 1.80 | 2.3700 | 8.3000 | 85.51 | 0.62 |
| 2024 | -0.87 | 1.99 | 0.93 | 1.1900 | 6.9800 | 51.14 | 0.47 |
| 2025 | -0.56 | 1.20 | 0.58 | 0.5000 | 6.1000 | 30.48 | 0.48 |
偿债能力分析
| 类别\年份 | 资产负债率 （%) |
股东权益比率 （%) |
流动比率 | 速动比率 |
| 1996 | 46.70 | 53.55 | 2.6800 | 1.9000 |
| 1997 | 45.77 | 54.48 | 1.8200 | 1.2000 |
| 1998 | 32.20 | 67.80 | 1.8400 | 1.1300 |
| 1999 | 49.48 | 50.52 | 3.3000 | 2.6100 |
| 2000 | 47.47 | 52.53 | 2.5000 | 1.9600 |
| 2001 | 42.39 | 57.61 | 2.0700 | 1.8000 |
| 2002 | 42.19 | 57.81 | 1.7900 | 1.3900 |
| 2003 | 37.45 | 62.55 | 2.0000 | 1.3200 |
| 2004 | 33.50 | 66.50 | 1.7200 | 1.0000 |
| 2005 | 42.71 | 57.29 | 1.5200 | 0.6500 |
| 2006 | 44.23 | 55.77 | 1.3700 | 0.5800 |
| 2007 | 42.15 | 57.85 | 1.0800 | 0.4400 |
| 2008 | 53.76 | 46.24 | 0.9400 | 0.2400 |
| 2009 | 49.34 | 50.68 | 0.7700 | 0.2300 |
| 2010 | 55.98 | 44.02 | 1.3100 | 0.2500 |
| 2011 | 63.94 | 36.06 | 1.0900 | 0.3400 |
| 2012 | 76.67 | 23.33 | 0.8500 | 0.4300 |
| 2013 | 80.56 | 19.44 | 0.6100 | 0.3100 |
| 2014 | 90.79 | 9.21 | 0.3400 | 0.1500 |
| 2015 | 91.01 | 8.99 | 0.3700 | 0.1700 |
| 2016 | 98.49 | 1.50 | 0.2700 | 0.1100 |
| 2017 | 122.93 | -22.93 | 0.2200 | 0.0700 |
| 2018 | 32.74 | 67.25 | 1.8000 | 1.0400 |
| 2019 | 25.63 | 74.37 | 2.8100 | 1.4200 |
| 2020 | 31.02 | 68.96 | 1.9200 | 1.3800 |
| 2021 | 39.32 | 60.67 | 1.6700 | 1.3200 |
| 2022 | 40.15 | 59.86 | 1.7000 | 1.3900 |
| 2023 | 38.35 | 61.66 | 1.6700 | 1.2900 |
| 2024 | 41.49 | 58.62 | 1.6000 | 1.1700 |
| 2025 | 32.48 | 67.52 | 1.4100 | 0.9600 |
成本费用分析
| 类别\年份 | 营业成本 （元) |
销售费用 （元) |
管理费用 （元) |
财务费用 （元) |
| 1996 | 634000000.0000 | 2227100.0000 | 59952800.0000 | 11179200.0000 |
| 1997 | 640000000.0000 | 5727500.0000 | 64434800.0000 | 7646800.0000 |
| 1998 | 687000000.0000 | 11259000.0000 | 62378700.0000 | 9887200.0000 |
| 1999 | 1205000000.0000 | 22244300.0000 | 131000000.0000 | 83436600.0000 |
| 2000 | 1248000000.0000 | 34304700.0000 | 118000000.0000 | 47756100.0000 |
| 2001 | 1471000000.0000 | 62382200.0000 | 122000000.0000 | 49823400.0000 |
| 2002 | 1555000000.0000 | 100000000.0000 | 139000000.0000 | 38729200.0000 |
| 2003 | 1924000000.0000 | 166000000.0000 | 179000000.0000 | 23686300.0000 |
| 2004 | 2238000000.0000 | 158000000.0000 | 191000000.0000 | 17644400.0000 |
| 2005 | 2534000000.0000 | 189000000.0000 | 264000000.0000 | 20829600.0000 |
| 2006 | 4249000000.0000 | 67104600.0000 | 396000000.0000 | 35165600.0000 |
| 2007 | 5250000000.0000 | 60985600.0000 | 407000000.0000 | 35990600.0000 |
| 2008 | 5287000000.0000 | 66712100.0000 | 494000000.0000 | 148000000.0000 |
| 2009 | 4675000000.0000 | 72244700.0000 | 441000000.0000 | 92881000.0000 |
| 2010 | 3720000000.0000 | 61928500.0000 | 460000000.0000 | 92412900.0000 |
| 2011 | 3762000000.0000 | 49232500.0000 | 415000000.0000 | 109000000.0000 |
| 2012 | 4089000000.0000 | 53932400.0000 | 407000000.0000 | 193000000.0000 |
| 2013 | 4496000000.0000 | 54631400.0000 | 482000000.0000 | 303000000.0000 |
| 2014 | 5364000000.0000 | 67270500.0000 | 465000000.0000 | 412000000.0000 |
| 2015 | 3258000000.0000 | 50425800.0000 | 317000000.0000 | 135000000.0000 |
| 2016 | 3719000000.0000 | 39554900.0000 | 356000000.0000 | 309000000.0000 |
| 2017 | 5116000000.0000 | 40499500.0000 | 303000000.0000 | 289000000.0000 |
| 2018 | 4054000000.0000 | 42836600.0000 | 463000000.0000 | 42546500.0000 |
| 2019 | 5288000000.0000 | 47385600.0000 | 353000000.0000 | 29760500.0000 |
| 2020 | 5350000000.0000 | 45165600.0000 | 354000000.0000 | 42994700.0000 |
| 2021 | 6218000000.0000 | 58171100.0000 | 590000000.0000 | 38625900.0000 |
| 2022 | 7002000000.0000 | 68024400.0000 | 594000000.0000 | 39175600.0000 |
| 2023 | 6317000000.0000 | 76474400.0000 | 528000000.0000 | 35217100.0000 |
| 2024 | 5114000000.0000 | 82366600.0000 | 321000000.0000 | 33011500.0000 |
| 2025 | 4520000000.0000 | 65132900.0000 | 271000000.0000 | 18791500.0000 |