中商官网
研究报告
阳光乳业（001318）
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 | 105000000.0000 | -3.67 | 23535400.0000 | 5.26 | 22798100.0000 | 8.61 | 21502400.0000 | 9.21 |
| 2024-12-31 | 519000000.0000 | -8.95 | 126000000.0000 | -0.79 | 119000000.0000 | -1.65 | 113000000.0000 | 0.00 |
| 2024-09-30 | 385000000.0000 | -8.77 | 95178500.0000 | -4.82 | 88714000.0000 | -9.55 | 84708900.0000 | -8.66 |
| 2024-03-31 | 109000000.0000 | -6.03 | 22358500.0000 | -3.36 | 20991300.0000 | -7.19 | 19689300.0000 | -6.73 |
| 2024-06-30 | 254000000.0000 | -8.30 | 63066900.0000 | -4.13 | 57244100.0000 | -11.12 | 54736000.0000 | -10.18 |
| 2023-12-31 | 570000000.0000 | 0.00 | 127000000.0000 | 15.45 | 121000000.0000 | 3.42 | 113000000.0000 | 4.63 |
| 2023-09-30 | 422000000.0000 | -0.47 | 100000000.0000 | 1.60 | 98075700.0000 | 0.85 | 92743000.0000 | 1.92 |
| 2023-06-30 | 277000000.0000 | 2.21 | 65781000.0000 | 10.31 | 64404300.0000 | 9.31 | 60940900.0000 | 11.31 |
| 2023-03-31 | 116000000.0000 | -3.33 | 23135300.0000 | -7.29 | 22618100.0000 | -9.13 | 21111000.0000 | -12.84 |
| 2022-12-31 | 570000000.0000 | -9.67 | 110000000.0000 | -25.17 | 117000000.0000 | -19.31 | 108000000.0000 | -19.40 |
| 2022-09-30 | 424000000.0000 | -9.59 | 98424500.0000 | -14.41 | 97245100.0000 | -13.94 | 90992100.0000 | -14.16 |
| 2022-03-31 | 120000000.0000 | 5.26 | 24954700.0000 | -0.80 | 24889900.0000 | -0.24 | 24221700.0000 | 5.54 |
| 2022-06-30 | 271000000.0000 | -6.55 | 59634800.0000 | -8.19 | 58916300.0000 | -8.99 | 54746400.0000 | -7.56 |
| 2021-12-31 | 631000000.0000 | 20.65 | 147000000.0000 | 28.95 | 145000000.0000 | 30.63 | 134000000.0000 | 30.10 |
| 2021-03-31 | 114000000.0000 | -- | 25155900.0000 | -- | 24949100.0000 | -- | 22949200.0000 | -- |
| 2021-06-30 | 290000000.0000 | -- | 64957800.0000 | -- | 64733700.0000 | -- | 59224000.0000 | -- |
| 2021-09-30 | 469000000.0000 | -- | 115000000.0000 | -- | 113000000.0000 | -- | 106000000.0000 | -- |
| 2019-12-31 | 543000000.0000 | 0.56 | 117000000.0000 | -11.36 | 116000000.0000 | -8.66 | 104000000.0000 | -7.14 |
| 2020-12-31 | 523000000.0000 | -3.68 | 114000000.0000 | -2.56 | 111000000.0000 | -4.31 | 103000000.0000 | -0.96 |
| 2018-12-31 | 540000000.0000 | -- | 132000000.0000 | -- | 127000000.0000 | -- | 112000000.0000 | -- |
| 2025-06-30 | 237000000.0000 | -6.69 | 63516900.0000 | 0.71 | 61808000.0000 | 7.97 | 58997500.0000 | 7.79 |
| 2025-09-30 | 356000000.0000 | -7.53 | 92625800.0000 | -2.68 | 90248600.0000 | 1.73 | 86144600.0000 | 1.69 |
| 2026-03-31 | 97590500.0000 | -7.06 | 20660600.0000 | -12.21 | 19753200.0000 | -13.36 | 18669300.0000 | -13.18 |
| 2025-12-31 | -- | -100.00 | -- | -100.00 | 106000000.0000 | -10.92 | -- | -100.00 |
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 | 21.76 | 21.71 | 1.52 | 1.5200 | 2.1900 | 13.23 | 0.07 |
| 2024-12 | 23.31 | 22.93 | 7.99 | 8.2200 | 9.8100 | 16.14 | 0.35 |
| 2024-09 | 23.90 | 23.04 | 6.11 | 6.0000 | 7.4700 | 13.51 | 0.26 |
| 2024-03 | 19.99 | 19.26 | 1.47 | 1.6000 | 2.0400 | 13.80 | 0.08 |
| 2024-06 | 24.02 | 22.54 | 4.04 | 3.9200 | 5.4100 | 15.56 | 0.18 |
| 2023-12 | 21.23 | 21.23 | 8.48 | 8.9000 | 8.6900 | 19.47 | 0.40 |
| 2023-09 | 22.75 | 23.24 | 7.07 | 7.4700 | 6.6400 | 15.49 | 0.30 |
| 2023-06 | 22.74 | 23.25 | 4.71 | 4.5900 | 4.1700 | 18.93 | 0.20 |
| 2023-03 | 18.90 | 19.50 | 1.67 | 1.7200 | 1.7300 | 17.03 | 0.09 |
| 2022-12 | 18.77 | 20.53 | 8.62 | 11.5700 | 8.0000 | 18.32 | 0.42 |
| 2022-09 | 20.28 | 22.94 | 7.37 | 10.0400 | 6.0000 | 21.21 | 0.32 |
| 2022-03 | 19.59 | 20.74 | 3.35 | 4.1900 | 1.7400 | 16.12 | 0.16 |
| 2022-06 | 21.40 | 21.74 | 4.26 | 7.4900 | 3.5200 | 22.96 | 0.20 |
| 2021-12 | 22.66 | 22.98 | 19.57 | 23.2200 | 10.4200 | 19.74 | 0.85 |
| 2021-03 | 21.07 | 21.89 | -- | 4.1600 | -- | -- | -- |
| 2021-06 | 22.07 | 22.32 | 9.66 | 11.0300 | 4.7400 | 16.11 | 0.43 |
| 2021-09 | 23.88 | 24.09 | -- | -- | -- | -- | -- |
| 2019-12 | 22.28 | 21.36 | 16.16 | 17.2700 | 10.6300 | 17.94 | 0.76 |
| 2020-12 | 21.22 | 21.22 | 14.86 | 19.0100 | 10.5600 | 18.48 | 0.70 |
| 2018-12 | 24.26 | 23.52 | 19.75 | 18.6600 | 11.1100 | 16.39 | 0.84 |
| 2025-06 | 26.16 | 26.08 | 4.16 | 4.1700 | 4.4400 | 14.62 | 0.16 |
| 2025-09 | 25.28 | 25.35 | 5.91 | 5.9600 | 6.2500 | 14.59 | 0.23 |
| 2026-03 | 20.44 | 20.24 | -- | -- | -- | -- | -- |
| 2025-12 | -- | -- | -- | -- | -- | -- | -- |
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 | 4.42 | 95.54 | 21.1700 | 10.8400 |
| 2024-12 | 5.05 | 94.96 | 18.2200 | 9.1700 |
| 2024-09 | 4.69 | 95.32 | 18.2100 | 9.7400 |
| 2024-03 | 4.31 | 95.66 | 20.3900 | 10.4600 |
| 2024-06 | 4.44 | 95.56 | 19.5800 | 10.3900 |
| 2023-12 | 5.74 | 94.25 | 14.4600 | 7.5600 |
| 2023-09 | 4.55 | 95.46 | 18.9500 | 9.4900 |
| 2023-06 | 5.31 | 94.66 | 15.5100 | 7.5500 |
| 2023-03 | 4.31 | 95.72 | 19.8000 | 9.2000 |
| 2022-12 | 6.14 | 93.89 | 12.9200 | 5.9500 |
| 2022-09 | 4.74 | 95.30 | 18.9000 | 17.4300 |
| 2022-03 | 20.89 | 79.11 | 3.0300 | 2.4000 |
| 2022-06 | 11.64 | 88.36 | 7.1600 | 6.6400 |
| 2021-12 | 23.62 | 76.25 | 2.6000 | 2.2300 |
| 2021-03 | -- | -- | -- | -- |
| 2021-06 | 26.87 | 73.28 | 2.0400 | 1.5600 |
| 2021-09 | -- | -- | -- | -- |
| 2019-12 | 22.70 | 77.30 | 3.0100 | 2.1100 |
| 2020-12 | 22.09 | 77.78 | 2.7400 | 2.4100 |
| 2018-12 | 8.93 | 91.14 | 8.1300 | 6.2400 |
| 2025-06 | 4.22 | 95.82 | 22.0200 | 11.7300 |
| 2025-09 | 5.10 | 94.89 | 17.7300 | 9.6400 |
| 2026-03 | -- | -- | -- | -- |
| 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 | 82148800.0000 | 8671200.0000 | 5798600.0000 | -4269300.0000 |
| 2024-12 | 398000000.0000 | 44202100.0000 | 27227800.0000 | 107300.0000 |
| 2024-09 | 293000000.0000 | 28927000.0000 | 17492400.0000 | -12958100.0000 |
| 2024-03 | 87211200.0000 | 8138600.0000 | 6166100.0000 | -4394400.0000 |
| 2024-06 | 193000000.0000 | 18350300.0000 | 10639800.0000 | 53600.0000 |
| 2023-12 | 449000000.0000 | 42087000.0000 | 34935900.0000 | 45800.0000 |
| 2023-09 | 326000000.0000 | 28500300.0000 | 24287200.0000 | -14114100.0000 |
| 2023-06 | 214000000.0000 | 18985300.0000 | 16002900.0000 | -61800.0000 |
| 2023-03 | 94077400.0000 | 8783100.0000 | 7015300.0000 | -4912400.0000 |
| 2022-12 | 463000000.0000 | 41210500.0000 | 35435000.0000 | 1303100.0000 |
| 2022-09 | 338000000.0000 | 28028500.0000 | 23393900.0000 | -6599600.0000 |
| 2022-03 | 96488900.0000 | 8102400.0000 | 7221800.0000 | -1385800.0000 |
| 2022-06 | 213000000.0000 | 17250900.0000 | 15234800.0000 | 758500.0000 |
| 2021-12 | 488000000.0000 | 40884600.0000 | 35302900.0000 | 3593900.0000 |
| 2021-03 | 89985100.0000 | 7041500.0000 | 6065800.0000 | -487100.0000 |
| 2021-06 | 226000000.0000 | 17298000.0000 | 15951500.0000 | 1845400.0000 |
| 2021-09 | 357000000.0000 | 26344800.0000 | 23055400.0000 | -492000.0000 |
| 2019-12 | 422000000.0000 | 55151000.0000 | 30532700.0000 | 48900.0000 |
| 2020-12 | 412000000.0000 | 32118700.0000 | 29599700.0000 | 3968700.0000 |
| 2018-12 | 409000000.0000 | 53190700.0000 | 30292300.0000 | -1208700.0000 |
| 2025-06 | 175000000.0000 | 18314200.0000 | 12591000.0000 | 53600.0000 |
| 2025-09 | 266000000.0000 | 29219100.0000 | 18609500.0000 | -11475400.0000 |
| 2026-03 | 77642700.0000 | 8249700.0000 | 4912100.0000 | -3151300.0000 |
| 2025-12 | -- | -- | -- | -- |