中商官网
研究报告
万马股份（002276）
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) |
| 2005 | 603000000.0000 | 12189300.0000 | 28323500.0000 | 25381600.0000 | 862000000.0000 | 749000000.0000 | 113000000.0000 |
| 2006 | 844000000.0000 | 38785200.0000 | 64016500.0000 | 59141300.0000 | 762000000.0000 | 518000000.0000 | 244000000.0000 |
| 2007 | 1132000000.0000 | 56017800.0000 | 75034600.0000 | 67531500.0000 | 972000000.0000 | 661000000.0000 | 311000000.0000 |
| 2008 | 1616000000.0000 | 66253000.0000 | 85476100.0000 | 74493900.0000 | 1321000000.0000 | 935000000.0000 | 386000000.0000 |
| 2009 | 1483000000.0000 | 76342900.0000 | 101000000.0000 | 86934300.0000 | 1490000000.0000 | 498000000.0000 | 992000000.0000 |
| 2010 | 2144000000.0000 | 90062400.0000 | 111000000.0000 | 97425200.0000 | 1872000000.0000 | 796000000.0000 | 1075000000.0000 |
| 2011 | 3566000000.0000 | 119000000.0000 | 157000000.0000 | 140000000.0000 | 3103000000.0000 | 1302000000.0000 | 1801000000.0000 |
| 2012 | 3851000000.0000 | 154000000.0000 | 198000000.0000 | 177000000.0000 | 3915000000.0000 | 1590000000.0000 | 2326000000.0000 |
| 2013 | 4856000000.0000 | 206000000.0000 | 243000000.0000 | 219000000.0000 | 4025000000.0000 | 1503000000.0000 | 2522000000.0000 |
| 2014 | 5847000000.0000 | 224000000.0000 | 262000000.0000 | 237000000.0000 | 4678000000.0000 | 1950000000.0000 | 2728000000.0000 |
| 2015 | 6847000000.0000 | 275000000.0000 | 315000000.0000 | 276000000.0000 | 5044000000.0000 | 1977000000.0000 | 3067000000.0000 |
| 2016 | 6380000000.0000 | 164000000.0000 | 224000000.0000 | 209000000.0000 | 5032000000.0000 | 1948000000.0000 | 3084000000.0000 |
| 2017 | 7409000000.0000 | 94357100.0000 | 115000000.0000 | 109000000.0000 | 7043000000.0000 | 3056000000.0000 | 3987000000.0000 |
| 2018 | 8740000000.0000 | 118000000.0000 | 118000000.0000 | 115000000.0000 | 7344000000.0000 | 3310000000.0000 | 4033000000.0000 |
| 2019 | 9745000000.0000 | 245000000.0000 | 255000000.0000 | 233000000.0000 | 7598000000.0000 | 3319000000.0000 | 4279000000.0000 |
| 2020 | 9322000000.0000 | 243000000.0000 | 248000000.0000 | 226000000.0000 | 8342000000.0000 | 3816000000.0000 | 4526000000.0000 |
| 2021 | 12767000000.0000 | 291000000.0000 | 288000000.0000 | 274000000.0000 | 11421000000.0000 | 6866000000.0000 | 4555000000.0000 |
| 2022 | 14675000000.0000 | 456000000.0000 | 447000000.0000 | 414000000.0000 | 12660000000.0000 | 7776000000.0000 | 4884000000.0000 |
| 2023 | 15121000000.0000 | 608000000.0000 | 605000000.0000 | 561000000.0000 | 13760000000.0000 | 8337000000.0000 | 5423000000.0000 |
| 2024 | 17761000000.0000 | 379000000.0000 | 371000000.0000 | 344000000.0000 | 15017000000.0000 | 9350000000.0000 | 5667000000.0000 |
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) |
| 2005 | 1.99 | 4.70 | 3.29 | -- | 8.8900 | 4.79 | 0.70 |
| 2006 | 4.38 | 7.58 | 8.40 | 38.9200 | 9.1700 | 5.42 | 1.11 |
| 2007 | 4.95 | 6.63 | 7.72 | 24.3300 | 8.6700 | 4.98 | 1.16 |
| 2008 | 4.33 | 5.29 | 6.47 | 21.3700 | 10.0100 | 4.57 | 1.22 |
| 2009 | 4.72 | 6.81 | 6.78 | 13.7300 | 7.0300 | 3.13 | 1.00 |
| 2010 | 4.06 | 5.18 | 5.93 | 9.5000 | 8.0900 | 3.72 | 1.15 |
| 2011 | 3.39 | 4.40 | 5.06 | 8.4700 | 8.5100 | 3.70 | 1.15 |
| 2012 | 3.95 | 5.14 | 5.06 | 9.2700 | 9.6900 | 3.51 | 0.98 |
| 2013 | 4.24 | 5.00 | 6.04 | 9.1700 | 10.9600 | 3.16 | 1.21 |
| 2014 | 3.83 | 4.48 | 5.60 | 9.0300 | 13.1200 | 3.24 | 1.25 |
| 2015 | 3.97 | 4.60 | 6.25 | 9.6300 | 13.0200 | 3.43 | 1.36 |
| 2016 | 2.52 | 3.51 | 4.45 | 7.1600 | 10.6900 | 3.13 | 1.27 |
| 2017 | 0.23 | 1.55 | 1.63 | 3.2600 | 9.4700 | 3.21 | 1.05 |
| 2018 | 0.43 | 1.35 | 1.61 | 2.7700 | 8.7200 | 3.24 | 1.19 |
| 2019 | 1.38 | 2.62 | 3.36 | 5.3700 | 10.5100 | 3.47 | 1.28 |
| 2020 | 1.33 | 2.66 | 2.97 | 5.1400 | 10.8500 | 3.39 | 1.12 |
| 2021 | 1.24 | 2.26 | 2.52 | 6.0200 | 12.4900 | 4.16 | 1.12 |
| 2022 | 1.76 | 3.05 | 3.53 | 8.7700 | 13.6900 | 4.06 | 1.16 |
| 2023 | 2.17 | 4.00 | 4.40 | 10.8200 | 12.5800 | 3.87 | 1.10 |
| 2024 | 0.44 | 2.09 | 2.47 | 6.1500 | 12.4100 | 3.77 | 1.18 |
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 |
| 2005 | 86.89 | 13.11 | 1.0300 | 0.9500 |
| 2006 | 67.98 | 32.02 | 1.2000 | 0.9900 |
| 2007 | 68.00 | 32.00 | 1.1600 | 0.9000 |
| 2008 | 70.78 | 29.22 | 1.1300 | 0.9400 |
| 2009 | 33.42 | 66.58 | 2.2700 | 1.8400 |
| 2010 | 42.52 | 57.43 | 1.8800 | 1.4900 |
| 2011 | 41.96 | 58.04 | 2.4600 | 2.0300 |
| 2012 | 40.61 | 59.41 | 1.8500 | 1.5600 |
| 2013 | 37.34 | 62.66 | 2.0100 | 1.7500 |
| 2014 | 41.68 | 58.32 | 2.1700 | 1.8800 |
| 2015 | 39.20 | 60.80 | 2.6000 | 2.0600 |
| 2016 | 38.71 | 61.29 | 2.9700 | 2.4000 |
| 2017 | 43.39 | 56.61 | 2.2000 | 1.7300 |
| 2018 | 45.07 | 54.92 | 1.7300 | 1.3600 |
| 2019 | 43.68 | 56.32 | 1.8600 | 1.5600 |
| 2020 | 45.74 | 54.26 | 1.9000 | 1.5900 |
| 2021 | 60.12 | 39.88 | 1.5700 | 1.3300 |
| 2022 | 61.42 | 38.58 | 1.6500 | 1.4500 |
| 2023 | 60.59 | 39.41 | 1.5100 | 1.2800 |
| 2024 | 62.26 | 37.74 | 1.4000 | 1.1800 |
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) |
| 2005 | 591000000.0000 | 40977800.0000 | 18215400.0000 | 13777400.0000 |
| 2006 | 807000000.0000 | 67321400.0000 | 17476000.0000 | 21273500.0000 |
| 2007 | 1076000000.0000 | 61998300.0000 | 14919600.0000 | 16734500.0000 |
| 2008 | 1546000000.0000 | 85406600.0000 | 20493900.0000 | 32364200.0000 |
| 2009 | 1413000000.0000 | 115000000.0000 | 24744200.0000 | 21922600.0000 |
| 2010 | 2057000000.0000 | 149000000.0000 | 32744100.0000 | 24328300.0000 |
| 2011 | 3445000000.0000 | 220000000.0000 | 95128000.0000 | 55476900.0000 |
| 2012 | 3699000000.0000 | 223000000.0000 | 136000000.0000 | 57011100.0000 |
| 2013 | 4650000000.0000 | 222000000.0000 | 220000000.0000 | 53663300.0000 |
| 2014 | 5623000000.0000 | 236000000.0000 | 305000000.0000 | 62445900.0000 |
| 2015 | 6575000000.0000 | 337000000.0000 | 330000000.0000 | 40143300.0000 |
| 2016 | 6219000000.0000 | 390000000.0000 | 363000000.0000 | 35958700.0000 |
| 2017 | 7392000000.0000 | 441000000.0000 | 175000000.0000 | 62942400.0000 |
| 2018 | 8702000000.0000 | 529000000.0000 | 206000000.0000 | 97653300.0000 |
| 2019 | 9611000000.0000 | 665000000.0000 | 242000000.0000 | 79616500.0000 |
| 2020 | 9198000000.0000 | 516000000.0000 | 248000000.0000 | 78102700.0000 |
| 2021 | 12609000000.0000 | 543000000.0000 | 321000000.0000 | 75141100.0000 |
| 2022 | 14417000000.0000 | 631000000.0000 | 330000000.0000 | 48831300.0000 |
| 2023 | 14793000000.0000 | 616000000.0000 | 368000000.0000 | 88462200.0000 |
| 2024 | 17682000000.0000 | 634000000.0000 | 400000000.0000 | 80888700.0000 |