中商官网
研究报告
桂发祥（002820）
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 | 146000000.0000 | -8.75 | 6579900.0000 | -67.29 | 6832600.0000 | -66.58 | 6644700.0000 | -64.46 |
| 2024-12-31 | 496000000.0000 | -1.59 | 27482200.0000 | -59.20 | 29194500.0000 | -57.19 | 27073000.0000 | -55.64 |
| 2024-06-30 | 268000000.0000 | 3.08 | 24366500.0000 | -40.62 | 25009400.0000 | -39.78 | 22719600.0000 | -43.39 |
| 2024-09-30 | 403000000.0000 | -0.74 | 37862000.0000 | -45.79 | 38700900.0000 | -45.21 | 35712900.0000 | -43.10 |
| 2024-03-31 | 160000000.0000 | 11.89 | 20118400.0000 | -19.52 | 20445700.0000 | -19.26 | 18698600.0000 | -26.78 |
| 2023-12-31 | 504000000.0000 | 113.56 | 67357400.0000 | -194.62 | 68201100.0000 | -197.26 | 61035000.0000 | -187.54 |
| 2023-06-30 | 260000000.0000 | 138.53 | 41037300.0000 | -191.91 | 41527200.0000 | -194.02 | 40130300.0000 | -190.50 |
| 2023-09-30 | 406000000.0000 | 109.28 | 69838500.0000 | -249.87 | 70632300.0000 | -254.13 | 62766000.0000 | -238.42 |
| 2022-12-31 | 236000000.0000 | -41.73 | -71186500.0000 | -362.17 | -70122900.0000 | -348.76 | -69720100.0000 | -427.53 |
| 2023-03-31 | 143000000.0000 | 108.70 | 24997100.0000 | -230.86 | 25324000.0000 | -234.87 | 25536600.0000 | -239.16 |
| 2022-09-30 | 194000000.0000 | -41.03 | -46598700.0000 | -230.75 | -45827200.0000 | -226.17 | -45345200.0000 | -257.52 |
| 2022-06-30 | 109000000.0000 | -51.56 | -44649600.0000 | -269.11 | -44166300.0000 | -265.03 | -44345000.0000 | -304.25 |
| 2022-03-31 | 68519300.0000 | -39.90 | -19102000.0000 | -279.81 | -18776800.0000 | -272.66 | -18349900.0000 | -304.02 |
| 2021-12-31 | 405000000.0000 | 16.05 | 27152900.0000 | -26.98 | 28188600.0000 | -21.13 | 21286600.0000 | -14.98 |
| 2021-06-30 | 225000000.0000 | 51.01 | 26402700.0000 | -1406.16 | 26762600.0000 | -745.40 | 21710700.0000 | -539.46 |
| 2021-09-30 | 329000000.0000 | 25.10 | 35638300.0000 | -1.66 | 36321000.0000 | 5.33 | 28786400.0000 | 16.76 |
| 2021-03-31 | 114000000.0000 | 24.40 | 10623300.0000 | 83.48 | 10875200.0000 | 83.17 | 8994200.0000 | 102.63 |
| 2020-12-31 | 349000000.0000 | -31.16 | 37185300.0000 | -64.59 | 35741700.0000 | -67.21 | 25037100.0000 | -70.41 |
| 2020-09-30 | 263000000.0000 | -33.75 | 36238700.0000 | -58.15 | 34482800.0000 | -61.90 | 24653900.0000 | -64.51 |
| 2020-06-30 | 149000000.0000 | -43.35 | -2021400.0000 | -103.61 | -4146700.0000 | -106.97 | -4940300.0000 | -110.79 |
| 2020-03-31 | 91642700.0000 | -41.25 | 5789900.0000 | -83.96 | 5937200.0000 | -83.69 | 4438800.0000 | -84.02 |
| 2019-12-31 | 507000000.0000 | 5.41 | 105000000.0000 | -0.94 | 109000000.0000 | -0.91 | 84599600.0000 | 0.56 |
| 2019-09-30 | 397000000.0000 | 3.66 | 86584000.0000 | -4.83 | 90499700.0000 | -3.45 | 69467100.0000 | -2.10 |
| 2019-06-30 | 263000000.0000 | 2.33 | 55959800.0000 | -6.20 | 59498200.0000 | -1.40 | 45801400.0000 | 0.45 |
| 2019-03-31 | 156000000.0000 | 0.65 | 36092500.0000 | -6.13 | 36395200.0000 | -6.15 | 27779900.0000 | -4.89 |
| 2018-12-31 | 481000000.0000 | -1.03 | 106000000.0000 | -7.83 | 110000000.0000 | -9.84 | 84130800.0000 | -9.15 |
| 2018-09-30 | 383000000.0000 | -0.52 | 90973700.0000 | -8.63 | 93737500.0000 | -8.99 | 70955900.0000 | -8.87 |
| 2018-06-30 | 257000000.0000 | 1.58 | 59655900.0000 | -6.05 | 60345500.0000 | -9.72 | 45597000.0000 | -9.65 |
| 2018-03-31 | 155000000.0000 | 2.65 | 38448300.0000 | -2.37 | 38780400.0000 | -6.49 | 29209700.0000 | -6.06 |
| 2017-12-31 | 486000000.0000 | 6.11 | 115000000.0000 | 5.50 | 122000000.0000 | -0.81 | 92604800.0000 | 0.91 |
| 2017-06-30 | 253000000.0000 | 4.98 | 63500300.0000 | -2.21 | 66845600.0000 | -0.41 | 50466700.0000 | 0.64 |
| 2017-09-30 | 385000000.0000 | 6.35 | 99562700.0000 | 1.58 | 103000000.0000 | 0.00 | 77859700.0000 | 0.58 |
| 2017-03-31 | 151000000.0000 | 8.63 | 39381200.0000 | -3.07 | 41471200.0000 | 1.88 | 31094300.0000 | 1.89 |
| 2016-09-30 | 362000000.0000 | 0.28 | 98010700.0000 | -6.66 | 103000000.0000 | -2.83 | 77407500.0000 | -1.98 |
| 2016-12-31 | 458000000.0000 | 0.22 | 109000000.0000 | -11.38 | 123000000.0000 | -1.60 | 91766800.0000 | -2.42 |
| 2016-06-30 | 241000000.0000 | -- | 64936900.0000 | -- | 67119600.0000 | -- | 50145700.0000 | -- |
| 2016-03-31 | 139000000.0000 | -- | 40628400.0000 | -- | 40704700.0000 | -- | 30518600.0000 | -- |
| 2015-09-30 | 361000000.0000 | -- | 105000000.0000 | -- | 106000000.0000 | -- | 78972900.0000 | -- |
| 2015-12-31 | 457000000.0000 | -0.65 | 123000000.0000 | 6.96 | 125000000.0000 | 7.76 | 94044600.0000 | 8.72 |
| 2014-12-31 | 460000000.0000 | -0.43 | 115000000.0000 | 1.77 | 116000000.0000 | 2.65 | 86504600.0000 | 2.68 |
| 2013-12-31 | 462000000.0000 | 8.71 | 113000000.0000 | 38.14 | 113000000.0000 | 37.01 | 84248500.0000 | 47.29 |
| 2011-12-31 | 347000000.0000 | -- | 70758400.0000 | -- | 71060200.0000 | -- | 49984000.0000 | -- |
| 2012-12-31 | 425000000.0000 | 22.48 | 81800100.0000 | 15.60 | 82476300.0000 | 16.07 | 57198000.0000 | 14.43 |
| 2025-06-30 | 249000000.0000 | -7.09 | -3268700.0000 | -113.41 | -3482300.0000 | -113.92 | -3919700.0000 | -117.25 |
| 2025-09-30 | -- | -100.00 | -- | -100.00 | -- | -100.00 | -- | -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 | 3.42 | 4.68 | 0.68 | 0.7200 | 1.7000 | 38.50 | 0.15 |
| 2024-12 | 4.64 | 5.89 | 2.90 | 2.8900 | 5.6200 | 33.93 | 0.49 |
| 2024-06 | 7.84 | 9.33 | 2.53 | 2.3600 | 3.8300 | 31.72 | 0.27 |
| 2024-09 | 8.44 | 9.60 | 3.81 | 3.7600 | 5.3400 | 28.17 | 0.40 |
| 2024-03 | 11.25 | 12.78 | 1.99 | 1.8900 | 2.1800 | 36.07 | 0.16 |
| 2023-12 | 11.31 | 13.53 | 6.45 | 6.3300 | 6.8600 | 32.40 | 0.48 |
| 2023-06 | 13.46 | 15.97 | 3.94 | 4.1500 | 4.1100 | 29.88 | 0.25 |
| 2023-09 | 15.27 | 17.40 | 6.47 | 6.4700 | 6.0900 | 25.88 | 0.37 |
| 2022-12 | -34.75 | -29.71 | -6.79 | -7.0600 | 4.0600 | 15.09 | 0.23 |
| 2023-03 | 16.08 | 17.71 | 2.35 | 2.6500 | 2.2400 | 29.98 | 0.13 |
| 2022-09 | -27.32 | -23.62 | -4.28 | -4.5600 | 3.2700 | 15.09 | 0.18 |
| 2022-06 | -44.95 | -40.52 | -4.14 | -4.3700 | 1.9500 | 15.07 | 0.10 |
| 2022-03 | -32.62 | -27.40 | -1.67 | -1.8500 | 1.1000 | 19.48 | 0.06 |
| 2021-12 | 4.69 | 6.96 | 2.44 | 2.0200 | 5.0100 | 26.45 | 0.35 |
| 2021-06 | 11.56 | 11.89 | 2.31 | 2.0300 | 2.8500 | 26.22 | 0.19 |
| 2021-09 | 9.42 | 11.04 | 3.10 | 2.7100 | 3.9900 | 24.78 | 0.28 |
| 2021-03 | 8.77 | 9.54 | 0.92 | 0.8400 | 1.4500 | 27.99 | 0.10 |
| 2020-12 | 2.29 | 10.24 | 3.23 | 2.3500 | 3.7000 | 18.15 | 0.32 |
| 2020-09 | 3.04 | 13.11 | 3.06 | 2.3000 | 2.7500 | 14.88 | 0.23 |
| 2020-06 | -7.38 | -2.78 | -0.38 | -0.4600 | 1.6400 | 16.80 | 0.14 |
| 2020-03 | 1.25 | 6.48 | 0.52 | 0.4100 | 0.8600 | 19.19 | 0.08 |
| 2019-12 | 16.17 | 21.50 | 9.67 | 7.9800 | 5.1300 | 21.21 | 0.45 |
| 2019-09 | 17.88 | 22.80 | 8.07 | 6.5000 | 4.4600 | 20.12 | 0.35 |
| 2019-06 | 16.73 | 22.62 | 5.49 | 4.2500 | 3.1200 | 20.83 | 0.24 |
| 2019-03 | 19.87 | 23.33 | 3.22 | 2.5300 | 1.8400 | 25.30 | 0.14 |
| 2018-12 | 17.46 | 22.87 | 9.72 | 7.9800 | 5.7200 | 18.94 | 0.42 |
| 2018-09 | 19.32 | 24.47 | 8.24 | 6.7400 | 5.2300 | 18.10 | 0.34 |
| 2018-06 | 18.68 | 23.48 | 5.53 | 4.3500 | 3.8400 | 20.43 | 0.24 |
| 2018-03 | 21.29 | 25.02 | 3.47 | 2.7700 | 2.2900 | 21.69 | 0.14 |
| 2017-12 | 19.34 | 25.10 | 11.20 | 9.2100 | 6.4600 | 22.26 | 0.45 |
| 2017-06 | 22.13 | 26.42 | 6.37 | 4.9700 | 3.9800 | 24.78 | 0.24 |
| 2017-09 | 22.60 | 26.75 | 9.53 | 7.7700 | 5.6000 | 21.74 | 0.36 |
| 2017-03 | 23.84 | 27.46 | 3.88 | 3.1300 | 2.5800 | 31.09 | 0.14 |
| 2016-09 | 27.07 | 28.45 | 15.82 | 17.0800 | 6.4000 | 23.62 | 0.56 |
| 2016-12 | 23.80 | 26.86 | 11.82 | 19.3500 | 6.2200 | 26.01 | 0.44 |
| 2016-06 | 26.97 | 27.85 | 10.90 | 11.2500 | 4.7400 | 28.87 | 0.39 |
| 2016-03 | 28.70 | 29.28 | -- | 6.8500 | -- | -- | -- |
| 2015-09 | 29.09 | 29.36 | -- | 20.4200 | -- | -- | -- |
| 2015-12 | 26.91 | 27.35 | 24.18 | 24.0200 | 6.9300 | 26.12 | 0.88 |
| 2014-12 | 25.00 | 25.22 | 24.37 | 26.2000 | 7.5800 | 22.51 | 0.97 |
| 2013-12 | 24.46 | 24.46 | 31.39 | 32.6900 | 8.4200 | 16.93 | 1.28 |
| 2011-12 | 20.46 | 20.48 | 27.23 | 31.0200 | 9.5100 | 17.18 | 1.33 |
| 2012-12 | 19.29 | 19.41 | 28.05 | 27.1000 | 10.2300 | 16.46 | 1.45 |
| 2025-06 | -2.01 | -1.40 | -0.36 | -0.4300 | 2.9800 | 35.50 | 0.26 |
| 2025-09 | -- | -- | -- | -- | -- | -- | -- |
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 | 7.63 | 92.33 | 10.8900 | 9.4600 |
| 2024-12 | 8.64 | 91.36 | 9.1500 | 7.7000 |
| 2024-06 | 7.42 | 92.62 | 14.3100 | 13.1500 |
| 2024-09 | 8.63 | 91.35 | 11.8400 | 10.7700 |
| 2024-03 | 7.29 | 92.69 | 13.6100 | 12.5300 |
| 2023-12 | 7.19 | 92.82 | 14.3300 | 13.1400 |
| 2023-06 | 8.82 | 91.18 | 13.0900 | 12.2100 |
| 2023-09 | 9.89 | 90.11 | 10.2400 | 9.5900 |
| 2022-12 | 7.89 | 92.06 | 13.9900 | 12.9500 |
| 2023-03 | 9.46 | 90.63 | 13.0300 | 12.1900 |
| 2022-09 | 8.77 | 91.22 | 12.0500 | 11.2100 |
| 2022-06 | 8.28 | 91.75 | 13.9300 | 12.8600 |
| 2022-03 | 8.22 | 91.75 | 14.6100 | 13.4300 |
| 2021-12 | 8.65 | 91.41 | 13.0600 | 11.9400 |
| 2021-06 | 8.90 | 91.10 | 12.6100 | 11.6300 |
| 2021-09 | 9.55 | 90.45 | 12.0900 | 11.1200 |
| 2021-03 | 9.76 | 90.15 | 13.2300 | 12.1600 |
| 2020-12 | 3.84 | 96.11 | 23.4600 | 21.1200 |
| 2020-09 | 5.74 | 94.23 | 14.4200 | 13.0400 |
| 2020-06 | 4.57 | 95.38 | 18.9200 | 16.9900 |
| 2020-03 | 4.81 | 95.16 | 16.6600 | 14.8000 |
| 2019-12 | 4.38 | 95.65 | 18.9500 | 16.7100 |
| 2019-09 | 5.27 | 94.65 | 15.0700 | 13.5300 |
| 2019-06 | 4.15 | 95.85 | 20.5100 | 18.3500 |
| 2019-03 | 4.28 | 95.76 | 20.2700 | 18.4100 |
| 2018-12 | 4.21 | 95.76 | 20.9700 | 18.9200 |
| 2018-09 | 5.77 | 94.20 | 5.7500 | 4.6200 |
| 2018-06 | 4.21 | 95.79 | 7.9200 | 6.4300 |
| 2018-03 | 4.32 | 95.70 | 8.0700 | 6.5300 |
| 2017-12 | 4.65 | 95.32 | 19.0800 | 17.4600 |
| 2017-06 | 5.06 | 94.95 | 5.3500 | 4.2300 |
| 2017-09 | 5.31 | 94.73 | 5.6800 | 4.5600 |
| 2017-03 | 5.65 | 94.30 | 5.1600 | 4.1700 |
| 2016-09 | 26.42 | 73.58 | 2.2100 | 1.9300 |
| 2016-12 | 6.11 | 93.95 | 15.7200 | 14.4900 |
| 2016-06 | 26.79 | 73.38 | 2.1500 | 1.9100 |
| 2016-03 | -- | -- | -- | -- |
| 2015-09 | -- | -- | -- | -- |
| 2015-12 | 16.64 | 83.37 | 3.1500 | 2.3100 |
| 2014-12 | 25.21 | 74.79 | 1.8500 | 1.4600 |
| 2013-12 | 19.46 | 80.56 | 3.0000 | 2.4100 |
| 2011-12 | 21.16 | 78.54 | 3.5100 | 2.7100 |
| 2012-12 | 23.36 | 76.53 | 2.7000 | 2.2200 |
| 2025-06 | 7.15 | 92.88 | 11.3700 | 9.9800 |
| 2025-09 | -- | -- | -- | -- |
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 | 141000000.0000 | 41947700.0000 | 14429800.0000 | 52100.0000 |
| 2024-12 | 473000000.0000 | 154000000.0000 | 45834400.0000 | 1548500.0000 |
| 2024-06 | 247000000.0000 | 74147100.0000 | 22769900.0000 | 749800.0000 |
| 2024-09 | 369000000.0000 | 112000000.0000 | 34832800.0000 | -2009700.0000 |
| 2024-03 | 142000000.0000 | 40685900.0000 | 12660400.0000 | -760300.0000 |
| 2023-12 | 447000000.0000 | 130000000.0000 | 38224700.0000 | 1811200.0000 |
| 2023-06 | 225000000.0000 | 59945400.0000 | 18492600.0000 | -521300.0000 |
| 2023-09 | 344000000.0000 | 93930300.0000 | 26765200.0000 | -636400.0000 |
| 2022-12 | 318000000.0000 | 108000000.0000 | 32428500.0000 | 2190700.0000 |
| 2023-03 | 120000000.0000 | 30043700.0000 | 9513300.0000 | -191700.0000 |
| 2022-09 | 247000000.0000 | 82716800.0000 | 23786600.0000 | -988100.0000 |
| 2022-06 | 158000000.0000 | 55070600.0000 | 16778500.0000 | -771800.0000 |
| 2022-03 | 90872700.0000 | 30402200.0000 | 9773100.0000 | -435900.0000 |
| 2021-12 | 386000000.0000 | 116000000.0000 | 30377900.0000 | 2707600.0000 |
| 2021-06 | 199000000.0000 | 57616000.0000 | 15153400.0000 | -3841200.0000 |
| 2021-09 | 298000000.0000 | 88111600.0000 | 22083800.0000 | -4131200.0000 |
| 2021-03 | 104000000.0000 | 29491800.0000 | 7861000.0000 | -1573100.0000 |
| 2020-12 | 341000000.0000 | 110000000.0000 | 34534800.0000 | -2595700.0000 |
| 2020-09 | 255000000.0000 | 81209900.0000 | 26933900.0000 | -56400.0000 |
| 2020-06 | 160000000.0000 | 54020600.0000 | 19891500.0000 | 73300.0000 |
| 2020-03 | 90497900.0000 | 29709600.0000 | 9551600.0000 | -1600.0000 |
| 2019-12 | 425000000.0000 | 116000000.0000 | 31734600.0000 | -124600.0000 |
| 2019-09 | 326000000.0000 | 91188000.0000 | 24431800.0000 | -145400.0000 |
| 2019-06 | 219000000.0000 | 59764700.0000 | 16450500.0000 | -245900.0000 |
| 2019-03 | 125000000.0000 | 32250900.0000 | 8565700.0000 | -103200.0000 |
| 2018-12 | 397000000.0000 | 105000000.0000 | 32731900.0000 | -114900.0000 |
| 2018-09 | 309000000.0000 | 80442700.0000 | 25465300.0000 | 30100.0000 |
| 2018-06 | 209000000.0000 | 53338500.0000 | 16125900.0000 | 53500.0000 |
| 2018-03 | 122000000.0000 | 29146300.0000 | 8380400.0000 | 35800.0000 |
| 2017-12 | 392000000.0000 | 99690900.0000 | 35512900.0000 | -102900.0000 |
| 2017-06 | 197000000.0000 | 50130300.0000 | 16820400.0000 | -100800.0000 |
| 2017-09 | 298000000.0000 | 74544700.0000 | 27000200.0000 | -72000.0000 |
| 2017-03 | 115000000.0000 | 26189700.0000 | 8850400.0000 | -113800.0000 |
| 2016-09 | 264000000.0000 | 56342000.0000 | 27280800.0000 | 914200.0000 |
| 2016-12 | 349000000.0000 | 82188800.0000 | 40405800.0000 | 1972500.0000 |
| 2016-06 | 176000000.0000 | 37198200.0000 | 16882900.0000 | -98900.0000 |
| 2016-03 | 99108000.0000 | 20139200.0000 | 8766000.0000 | 40100.0000 |
| 2015-09 | 256000000.0000 | 55598800.0000 | 29465400.0000 | -242800.0000 |
| 2015-12 | 334000000.0000 | 78382300.0000 | 35444800.0000 | -369200.0000 |
| 2014-12 | 345000000.0000 | 77804800.0000 | 35690900.0000 | -314900.0000 |
| 2013-12 | 349000000.0000 | 75930700.0000 | 39040700.0000 | 924000.0000 |
| 2011-12 | 276000000.0000 | 41008000.0000 | 46537400.0000 | -410200.0000 |
| 2012-12 | 343000000.0000 | 58980500.0000 | 56791900.0000 | 798700.0000 |
| 2025-06 | 254000000.0000 | 82168900.0000 | 28524500.0000 | 726600.0000 |
| 2025-09 | -- | -- | -- | -- |