中商官网
研究报告
德明利（001309）
主要经济指标
| 类别\年份 | 营业收入 （元) |
营业收入同比 （%) |
营业利润 （元) |
营业利润同比 （%) |
利润总额 （元) |
利润总额同比 （%) |
净利润 （元) |
净利润同比 （%) |
| 2025-03-31 | 1252000000.0000 | 54.38 | -91048000.0000 | -140.29 | -90992500.0000 | -140.08 | -69101500.0000 | -135.26 |
| 2024-09-30 | 3597000000.0000 | 268.55 | 474000000.0000 | -426.90 | 476000000.0000 | -440.00 | 422000000.0000 | -480.18 |
| 2024-06-30 | 2176000000.0000 | 268.19 | 449000000.0000 | -574.04 | 450000000.0000 | -583.57 | 388000000.0000 | -590.33 |
| 2024-12-31 | 4773000000.0000 | 168.75 | 377000000.0000 | 4146.36 | 379000000.0000 | 2407.41 | 351000000.0000 | 1259.23 |
| 2024-03-31 | 811000000.0000 | 168.54 | 226000000.0000 | -601.27 | 227000000.0000 | -603.49 | 196000000.0000 | -547.55 |
| 2023-12-31 | 1776000000.0000 | 49.12 | 8878200.0000 | -85.84 | 15115200.0000 | -76.97 | 25823400.0000 | -61.70 |
| 2023-06-30 | 591000000.0000 | 10.06 | -94718300.0000 | -316.29 | -93058300.0000 | -298.83 | -79130500.0000 | -279.31 |
| 2023-03-31 | 302000000.0000 | 21.77 | -45085200.0000 | -332.94 | -45085200.0000 | -319.85 | -43794200.0000 | -330.86 |
| 2023-09-30 | 976000000.0000 | 16.89 | -145000000.0000 | -375.04 | -140000000.0000 | -336.56 | -111000000.0000 | -289.72 |
| 2022-09-30 | 835000000.0000 | 15.81 | 52720200.0000 | -18.56 | 59182400.0000 | -14.89 | 58508000.0000 | -8.49 |
| 2022-12-31 | 1191000000.0000 | 10.28 | 62687400.0000 | -40.30 | 65626400.0000 | -40.34 | 67427300.0000 | -31.32 |
| 2021-12-31 | 1080000000.0000 | 29.34 | 105000000.0000 | 49.39 | 110000000.0000 | 19.20 | 98168900.0000 | 27.29 |
| 2022-03-31 | 248000000.0000 | 15.35 | 19355100.0000 | 1.93 | 20507700.0000 | 8.00 | 18970100.0000 | 11.38 |
| 2022-06-30 | 537000000.0000 | 10.95 | 43793000.0000 | -0.53 | 46802500.0000 | 0.05 | 44130000.0000 | 4.91 |
| 2021-06-30 | 484000000.0000 | 48.92 | 44027000.0000 | 76.36 | 46781000.0000 | -0.38 | 42065900.0000 | 4.27 |
| 2021-09-30 | 721000000.0000 | -- | 64736000.0000 | -- | 69540000.0000 | -- | 63934500.0000 | -- |
| 2021-03-31 | 215000000.0000 | -- | 18988900.0000 | -- | 18988900.0000 | -- | 17031500.0000 | -- |
| 2020-12-31 | 835000000.0000 | 29.26 | 70288000.0000 | 49.19 | 92283400.0000 | 94.50 | 77121800.0000 | 110.09 |
| 2020-06-30 | 325000000.0000 | -- | 24964700.0000 | -- | 46960100.0000 | -- | 40343300.0000 | -- |
| 2018-12-31 | 750000000.0000 | 240.91 | 34023400.0000 | 312.70 | 34023400.0000 | 294.11 | 30474800.0000 | 308.24 |
| 2019-12-31 | 646000000.0000 | -13.87 | 47113600.0000 | 38.47 | 47446200.0000 | 39.45 | 36708200.0000 | 20.45 |
| 2017-12-31 | 220000000.0000 | -- | 8244100.0000 | -- | 8632900.0000 | -- | 7464900.0000 | -- |
| 2025-06-30 | 4109000000.0000 | 88.83 | -161000000.0000 | -135.86 | -161000000.0000 | -135.78 | -118000000.0000 | -130.41 |
| 2025-09-30 | 6659000000.0000 | 85.13 | -60408800.0000 | -112.74 | -60550200.0000 | -112.72 | -27161500.0000 | -106.44 |
| 2025-12-31 | 10789000000.0000 | 126.04 | -- | -100.00 | 715000000.0000 | 88.65 | 688000000.0000 | 96.01 |
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) |
| 2025-03 | -7.91 | -7.27 | -1.28 | -2.8200 | 0.2700 | 10.30 | 0.18 |
| 2024-09 | 12.45 | 13.23 | 9.30 | 31.5200 | 1.0300 | 10.16 | 0.70 |
| 2024-06 | 19.62 | 20.68 | 9.25 | 29.4000 | 0.5800 | 14.56 | 0.45 |
| 2024-12 | 6.73 | 7.94 | 5.77 | 26.8300 | 1.2300 | 11.65 | 0.73 |
| 2024-03 | 27.50 | 27.99 | 5.95 | 15.9500 | 0.2300 | 9.89 | 0.21 |
| 2023-12 | 0.39 | 0.85 | 0.46 | 2.2600 | 1.1000 | 4.33 | 0.54 |
| 2023-06 | -16.41 | -15.75 | -4.02 | -7.5500 | 0.6800 | 3.25 | 0.26 |
| 2023-03 | -15.56 | -14.93 | -2.23 | -4.0900 | 0.3500 | 3.51 | 0.15 |
| 2023-09 | -14.96 | -14.34 | -4.75 | -10.7300 | 0.8000 | 3.32 | 0.33 |
| 2022-09 | 5.51 | 7.09 | 3.02 | 7.9600 | 1.0600 | 4.52 | 0.43 |
| 2022-12 | 0.84 | 5.51 | 3.29 | 8.2400 | 1.4900 | 4.37 | 0.60 |
| 2021-12 | 9.54 | 10.19 | 9.60 | 19.7300 | 1.7200 | 8.04 | 0.94 |
| 2022-03 | 7.66 | 8.27 | 1.77 | 3.3700 | 0.3500 | 6.14 | 0.21 |
| 2022-06 | 7.26 | 8.72 | 2.59 | 7.6600 | 0.7600 | 5.00 | 0.30 |
| 2021-06 | 8.88 | 9.67 | 5.22 | 8.9600 | 0.8800 | 8.94 | 0.54 |
| 2021-09 | 8.88 | 9.64 | -- | -- | -- | -- | -- |
| 2021-03 | 8.84 | 8.83 | -- | 3.7300 | -- | -- | -- |
| 2020-12 | 8.26 | 11.05 | 11.27 | 20.1000 | 1.7800 | 7.56 | 1.02 |
| 2020-06 | 7.08 | 14.45 | 7.60 | 11.0400 | 0.7400 | 7.38 | 0.53 |
| 2018-12 | 4.53 | 4.54 | 12.51 | 55.0900 | 4.5900 | 25.51 | 2.76 |
| 2019-12 | 7.28 | 7.34 | 9.20 | 20.3200 | 2.3200 | 8.40 | 1.25 |
| 2017-12 | 3.64 | 3.92 | 5.40 | 33.0700 | 1.5500 | 51.80 | 1.38 |
| 2025-06 | -4.16 | -3.92 | -2.22 | -4.8500 | 0.8600 | 16.70 | 0.57 |
| 2025-09 | -1.37 | -0.91 | -0.66 | -1.1000 | 1.1900 | 13.31 | 0.73 |
| 2025-12 | 6.35 | 6.63 | -- | -- | -- | -- | -- |
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 |
| 2025-03 | 65.85 | 34.15 | 2.0400 | 0.5400 |
| 2024-09 | 69.54 | 30.44 | 1.6300 | 0.2500 |
| 2024-06 | 68.76 | 31.24 | 1.5300 | 0.1300 |
| 2024-12 | 62.21 | 37.79 | 1.9400 | 0.4300 |
| 2024-03 | 65.60 | 34.40 | 1.4800 | 0.2100 |
| 2023-12 | 65.85 | 34.15 | 1.4900 | 0.3800 |
| 2023-06 | 56.66 | 43.34 | 1.7800 | 0.5200 |
| 2023-03 | 48.32 | 51.68 | 2.2000 | 0.8300 |
| 2023-09 | 65.94 | 34.09 | 1.4800 | 0.3700 |
| 2022-09 | 44.89 | 55.11 | 2.3400 | 0.9700 |
| 2022-12 | 45.27 | 54.73 | 2.2700 | 0.9200 |
| 2021-12 | 51.66 | 48.34 | 1.8600 | 0.5200 |
| 2022-03 | 50.26 | 49.74 | 1.9000 | 0.4500 |
| 2022-06 | 41.33 | 58.67 | 2.3800 | 1.2400 |
| 2021-06 | 44.98 | 55.02 | 2.2200 | 0.5600 |
| 2021-09 | -- | -- | -- | -- |
| 2021-03 | -- | -- | -- | -- |
| 2020-12 | 45.30 | 54.70 | 2.2500 | 0.6100 |
| 2020-06 | 36.89 | 63.11 | 2.6000 | 0.4500 |
| 2018-12 | 62.87 | 36.76 | 1.5300 | 0.3800 |
| 2019-12 | 33.14 | 66.86 | 2.9700 | 0.8900 |
| 2017-12 | 81.88 | 17.99 | 1.1900 | 0.1000 |
| 2025-06 | 67.63 | 32.37 | 1.7900 | 0.4100 |
| 2025-09 | 73.28 | 26.72 | 1.6000 | 0.3400 |
| 2025-12 | -- | -- | -- | -- |
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) |
| 2025-03 | 1351000000.0000 | 14020100.0000 | 32476700.0000 | 34245500.0000 |
| 2024-09 | 3149000000.0000 | 29779100.0000 | 63614800.0000 | 98672300.0000 |
| 2024-06 | 1749000000.0000 | 20690900.0000 | 41605500.0000 | 46448000.0000 |
| 2024-12 | 4452000000.0000 | 40484900.0000 | 92690000.0000 | 92862400.0000 |
| 2024-03 | 588000000.0000 | 11819100.0000 | 20864500.0000 | 19101100.0000 |
| 2023-12 | 1769000000.0000 | 16665600.0000 | 57895400.0000 | 48890900.0000 |
| 2023-06 | 688000000.0000 | 6219500.0000 | 22081400.0000 | 12215200.0000 |
| 2023-03 | 349000000.0000 | 2643200.0000 | 9269800.0000 | 7165400.0000 |
| 2023-09 | 1122000000.0000 | 9753300.0000 | 37263900.0000 | 16849400.0000 |
| 2022-09 | 789000000.0000 | 3423700.0000 | 36023800.0000 | 14890400.0000 |
| 2022-12 | 1181000000.0000 | 6808900.0000 | 49368300.0000 | 28660500.0000 |
| 2021-12 | 977000000.0000 | 4672900.0000 | 30601800.0000 | 17762600.0000 |
| 2022-03 | 229000000.0000 | 1004900.0000 | 9688200.0000 | 3433200.0000 |
| 2022-06 | 498000000.0000 | 1692200.0000 | 19776000.0000 | 13270600.0000 |
| 2021-06 | 441000000.0000 | 2196600.0000 | 12872600.0000 | 8591400.0000 |
| 2021-09 | 657000000.0000 | 2923900.0000 | 20755800.0000 | 12078300.0000 |
| 2021-03 | 196000000.0000 | 1044700.0000 | 8072500.0000 | 3124100.0000 |
| 2020-12 | 766000000.0000 | 11861200.0000 | 30542800.0000 | 19267700.0000 |
| 2020-06 | 302000000.0000 | 2263600.0000 | 10958700.0000 | 5064000.0000 |
| 2018-12 | 716000000.0000 | 5000000.0000 | 19553800.0000 | 10117100.0000 |
| 2019-12 | 599000000.0000 | 4691200.0000 | 30897500.0000 | 6578200.0000 |
| 2017-12 | 212000000.0000 | 2957200.0000 | 8402100.0000 | 653100.0000 |
| 2025-06 | 4280000000.0000 | 30569400.0000 | 72406000.0000 | 74443100.0000 |
| 2025-09 | 6750000000.0000 | 53861500.0000 | 109000000.0000 | 129000000.0000 |
| 2025-12 | 10104000000.0000 | -- | 207000000.0000 | -- |