中商官网
研究报告
皮阿诺（002853）
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 | 126000000.0000 | -27.59 | -2975800.0000 | -60.54 | -3101700.0000 | -58.36 | -4425300.0000 | -51.05 |
| 2024-12-31 | 886000000.0000 | -32.67 | -396000000.0000 | -555.67 | -399000000.0000 | -553.04 | -378000000.0000 | -558.57 |
| 2024-09-30 | 669000000.0000 | -27.91 | 6391800.0000 | -90.13 | 8641000.0000 | -86.82 | 5862800.0000 | -90.15 |
| 2024-06-30 | 452000000.0000 | -20.84 | 2792800.0000 | -91.29 | 4831600.0000 | -85.34 | 2798000.0000 | -91.15 |
| 2024-03-31 | 174000000.0000 | -2.79 | -7542100.0000 | 56.10 | -7449400.0000 | 102.53 | -9039700.0000 | 122.41 |
| 2023-12-31 | 1316000000.0000 | -9.37 | 86905800.0000 | -48.58 | 88071900.0000 | -47.89 | 82430500.0000 | -45.05 |
| 2023-09-30 | 928000000.0000 | -5.40 | 64784900.0000 | -48.99 | 65564000.0000 | -48.78 | 59502800.0000 | -46.39 |
| 2023-03-31 | 179000000.0000 | -24.15 | -4831600.0000 | -121.52 | -3678200.0000 | -116.29 | -4064400.0000 | -122.06 |
| 2023-06-30 | 571000000.0000 | -0.70 | 32047900.0000 | -51.83 | 32947700.0000 | -50.81 | 31621800.0000 | -46.49 |
| 2022-09-30 | 981000000.0000 | -25.51 | 127000000.0000 | -38.65 | 128000000.0000 | -37.86 | 111000000.0000 | -36.93 |
| 2022-12-31 | 1452000000.0000 | -20.39 | 169000000.0000 | -124.56 | 169000000.0000 | -124.64 | 150000000.0000 | -120.75 |
| 2022-03-31 | 236000000.0000 | -31.79 | 22447100.0000 | -51.40 | 22578600.0000 | -51.03 | 18421600.0000 | -49.75 |
| 2022-06-30 | 575000000.0000 | -31.87 | 66534400.0000 | -48.02 | 66977900.0000 | -47.26 | 59094200.0000 | -42.63 |
| 2021-09-30 | 1317000000.0000 | 30.40 | 207000000.0000 | 25.45 | 206000000.0000 | 24.85 | 176000000.0000 | 30.37 |
| 2021-12-31 | 1824000000.0000 | 22.09 | -688000000.0000 | -367.70 | -686000000.0000 | -366.93 | -723000000.0000 | -434.72 |
| 2021-06-30 | 844000000.0000 | 64.20 | 128000000.0000 | 87.44 | 127000000.0000 | 85.75 | 103000000.0000 | 85.80 |
| 2021-03-31 | 346000000.0000 | 92.22 | 46191100.0000 | 625.02 | 46107900.0000 | 613.29 | 36662000.0000 | 754.79 |
| 2020-06-30 | 514000000.0000 | -7.39 | 68289900.0000 | -1.64 | 68371300.0000 | -1.74 | 55434500.0000 | -5.62 |
| 2020-09-30 | 1010000000.0000 | 0.20 | 165000000.0000 | 16.20 | 165000000.0000 | 16.20 | 135000000.0000 | 13.45 |
| 2020-12-31 | 1494000000.0000 | 1.56 | 257000000.0000 | 28.50 | 257000000.0000 | 28.50 | 216000000.0000 | 24.86 |
| 2020-03-31 | 180000000.0000 | -15.49 | 6371000.0000 | -64.14 | 6464100.0000 | -63.72 | 4289000.0000 | -71.29 |
| 2019-12-31 | 1471000000.0000 | 32.52 | 200000000.0000 | 22.70 | 200000000.0000 | 23.46 | 173000000.0000 | 23.57 |
| 2019-06-30 | 555000000.0000 | 25.28 | 69429700.0000 | 21.08 | 69580000.0000 | 21.73 | 58734000.0000 | 21.88 |
| 2019-09-30 | 1008000000.0000 | 29.73 | 142000000.0000 | 19.33 | 142000000.0000 | 19.33 | 119000000.0000 | 17.82 |
| 2019-03-31 | 213000000.0000 | 16.39 | 17765100.0000 | 12.44 | 17819200.0000 | 14.23 | 14937400.0000 | 14.78 |
| 2018-12-31 | 1110000000.0000 | 34.38 | 163000000.0000 | 35.83 | 162000000.0000 | 35.00 | 140000000.0000 | 35.92 |
| 2018-09-30 | 777000000.0000 | 40.25 | 119000000.0000 | 50.55 | 119000000.0000 | 43.53 | 101000000.0000 | 44.04 |
| 2018-06-30 | 443000000.0000 | 40.63 | 57341400.0000 | 54.20 | 57158400.0000 | 41.67 | 48191900.0000 | 38.85 |
| 2018-03-31 | 183000000.0000 | 74.29 | 15799000.0000 | 115.93 | 15599000.0000 | 58.00 | 13014100.0000 | 58.55 |
| 2017-12-31 | 826000000.0000 | 31.11 | 120000000.0000 | 22.42 | 120000000.0000 | 18.81 | 103000000.0000 | 17.66 |
| 2017-09-30 | 554000000.0000 | 40.25 | 79044700.0000 | 51.56 | 82911000.0000 | 56.30 | 70117700.0000 | 56.31 |
| 2017-06-30 | 315000000.0000 | 49.29 | 37186500.0000 | 111.57 | 40345900.0000 | 124.03 | 34706700.0000 | 122.39 |
| 2016-12-31 | 630000000.0000 | 23.05 | 98025100.0000 | 34.09 | 101000000.0000 | 25.71 | 87539900.0000 | 27.74 |
| 2017-03-31 | 105000000.0000 | 50.65 | 7316600.0000 | -282.43 | 9872700.0000 | -345.92 | 8208200.0000 | -304.46 |
| 2016-09-30 | 395000000.0000 | -- | 52152900.0000 | -- | 53047200.0000 | -- | 44857500.0000 | -- |
| 2016-06-30 | 211000000.0000 | -- | 17576500.0000 | -- | 18009400.0000 | -- | 15606000.0000 | -- |
| 2016-03-31 | 69696100.0000 | -- | -4010600.0000 | -∞ | -4014600.0000 | -∞ | -4014600.0000 | -∞ |
| 2015-12-31 | 512000000.0000 | 1.79 | 73104300.0000 | 10.49 | 80343400.0000 | 7.35 | 68528100.0000 | 6.75 |
| 2013-12-31 | 420000000.0000 | 36.81 | 63155100.0000 | 110.48 | 64093200.0000 | 114.01 | 54994000.0000 | 111.73 |
| 2014-12-31 | 503000000.0000 | 19.76 | 66163700.0000 | 4.76 | 74844400.0000 | 16.77 | 64192600.0000 | 16.73 |
| 2012-12-31 | 307000000.0000 | -- | 30005300.0000 | -- | 29949000.0000 | -- | 25973100.0000 | -- |
| 2025-06-30 | 268000000.0000 | -40.71 | -13253900.0000 | -574.57 | -13609900.0000 | -381.69 | -14065100.0000 | -602.68 |
| 2025-09-30 | 420000000.0000 | -37.22 | -6680300.0000 | -204.51 | -7361900.0000 | -185.20 | -9340300.0000 | -259.31 |
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 | -4.76 | -2.46 | -0.20 | -0.4200 | 1.0200 | 2.40 | 0.08 |
| 2024-12 | -46.61 | -45.03 | -25.98 | -32.2100 | 5.1500 | 2.45 | 0.58 |
| 2024-09 | -2.09 | 1.29 | 0.43 | 0.6100 | 3.5500 | 1.78 | 0.33 |
| 2024-06 | -1.77 | 1.07 | 0.23 | 0.3300 | 2.3600 | 1.82 | 0.22 |
| 2024-03 | -6.90 | -4.28 | -0.36 | -0.6100 | 0.8800 | 1.41 | 0.08 |
| 2023-12 | 4.33 | 6.69 | 3.82 | 6.5700 | 5.9700 | 2.58 | 0.57 |
| 2023-09 | 4.53 | 7.07 | 2.87 | 4.7600 | 4.1100 | 2.43 | 0.41 |
| 2023-03 | -10.06 | -2.05 | -0.16 | -0.3100 | 0.8000 | 1.46 | 0.08 |
| 2023-06 | 2.28 | 5.77 | 1.48 | 2.5500 | 2.8700 | 2.18 | 0.26 |
| 2022-09 | 9.58 | 13.05 | 5.46 | 10.3600 | 3.3900 | 4.15 | 0.42 |
| 2022-12 | 9.64 | 11.64 | 6.98 | 12.8200 | 5.9200 | 3.60 | 0.60 |
| 2022-03 | 8.47 | 9.57 | 1.02 | 1.6200 | 0.9200 | 3.10 | 0.11 |
| 2022-06 | 7.65 | 11.65 | 2.94 | 5.5600 | 2.1000 | 3.76 | 0.25 |
| 2021-09 | 14.73 | 15.64 | 6.32 | 8.1400 | 3.2900 | 10.05 | 0.40 |
| 2021-12 | -38.10 | -37.61 | -28.70 | -47.4300 | 5.2300 | 8.76 | 0.76 |
| 2021-06 | 14.10 | 15.05 | 3.97 | 4.7500 | 2.1300 | 10.80 | 0.26 |
| 2021-03 | 12.14 | 13.33 | 1.51 | 1.8100 | 0.8800 | 9.28 | 0.11 |
| 2020-06 | 12.45 | 13.30 | 3.26 | 4.1500 | 1.3200 | 4.47 | 0.24 |
| 2020-09 | 15.64 | 16.34 | 6.95 | 9.9600 | 2.5500 | 5.74 | 0.43 |
| 2020-12 | 16.47 | 17.20 | 8.21 | 15.7200 | 3.8500 | 6.78 | 0.48 |
| 2020-03 | 2.22 | 3.59 | 0.34 | 0.3300 | 0.5100 | 2.66 | 0.10 |
| 2019-12 | 13.87 | 13.60 | 9.99 | 15.9200 | 4.8400 | 7.32 | 0.73 |
| 2019-06 | 11.35 | 12.54 | 4.00 | 5.6100 | 2.1200 | 12.78 | 0.32 |
| 2019-09 | 13.10 | 14.09 | 7.21 | 11.4400 | 3.5600 | 9.39 | 0.51 |
| 2019-03 | 6.10 | 8.37 | 1.17 | 1.4600 | 0.8700 | 7.90 | 0.14 |
| 2018-12 | 12.34 | 14.59 | 10.21 | 14.0700 | 5.5400 | 13.64 | 0.70 |
| 2018-09 | 12.87 | 15.32 | 7.72 | 10.6900 | 3.8700 | 4.84 | 0.50 |
| 2018-06 | 10.16 | 12.90 | 4.10 | 5.2600 | 2.4700 | 5.59 | 0.32 |
| 2018-03 | 4.37 | 8.52 | 1.22 | 1.4200 | 1.2500 | 6.03 | 0.14 |
| 2017-12 | 12.35 | 14.53 | 8.94 | 12.8100 | 7.4500 | 12.63 | 0.62 |
| 2017-09 | 14.26 | 14.97 | 6.58 | 16.4100 | 5.8000 | 14.73 | 0.44 |
| 2017-06 | 12.06 | 12.81 | 3.35 | 5.5900 | 3.6500 | 10.40 | 0.26 |
| 2016-12 | 15.40 | 16.03 | 15.66 | 25.7500 | 9.3600 | 15.38 | 0.98 |
| 2017-03 | 6.59 | 9.40 | 0.92 | 2.1300 | 1.3500 | 9.07 | 0.10 |
| 2016-09 | 13.16 | 13.43 | -- | -- | -- | -- | -- |
| 2016-06 | 8.06 | 8.54 | 3.52 | 5.0800 | 3.2300 | 14.00 | 0.41 |
| 2016-03 | -5.75 | -5.76 | -- | -1.3200 | -- | -- | -- |
| 2015-12 | 14.26 | 15.69 | 15.60 | 24.7000 | 8.8800 | 13.31 | 0.99 |
| 2013-12 | 15.00 | 15.26 | 19.90 | 56.1400 | 7.4700 | 30.28 | 1.30 |
| 2014-12 | 12.92 | 14.88 | 19.09 | 41.5400 | 9.0200 | 17.05 | 1.28 |
| 2012-12 | 10.10 | 9.76 | 15.60 | 43.3500 | 6.0000 | 37.50 | 1.60 |
| 2025-06 | -8.21 | -5.08 | -0.92 | -1.3500 | 2.1400 | 2.67 | 0.18 |
| 2025-09 | -5.24 | -1.75 | -0.50 | -0.8000 | 3.2000 | 2.92 | 0.29 |
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 | 39.96 | 60.04 | 1.3700 | 1.1800 |
| 2024-12 | 39.32 | 60.68 | 1.2800 | 1.0500 |
| 2024-09 | 35.14 | 64.86 | 1.7100 | 1.4600 |
| 2024-06 | 34.55 | 65.45 | 1.7800 | 1.5200 |
| 2024-03 | 35.75 | 64.25 | 1.7000 | 1.4400 |
| 2023-12 | 41.68 | 58.32 | 1.5400 | 1.3500 |
| 2023-09 | 42.03 | 57.92 | 1.5000 | 1.3000 |
| 2023-03 | 44.57 | 55.43 | 1.5000 | 1.2800 |
| 2023-06 | 41.73 | 58.27 | 1.5000 | 1.3400 |
| 2022-09 | 47.89 | 52.11 | 1.5200 | 1.2500 |
| 2022-12 | 47.89 | 52.11 | 1.5400 | 1.3600 |
| 2022-03 | 47.92 | 52.08 | 1.5500 | 1.3200 |
| 2022-06 | 48.55 | 51.45 | 1.5000 | 1.2600 |
| 2021-09 | 37.09 | 62.91 | 2.4500 | 1.8200 |
| 2021-12 | 51.88 | 48.12 | 1.5100 | 1.3200 |
| 2021-06 | 34.00 | 66.00 | 2.5300 | 2.2500 |
| 2021-03 | 32.94 | 67.06 | 2.6700 | 2.3500 |
| 2020-06 | 40.02 | 59.98 | 2.0700 | 1.6600 |
| 2020-09 | 43.62 | 56.43 | 1.8900 | 1.5800 |
| 2020-12 | 35.83 | 64.17 | 2.4800 | 2.1600 |
| 2020-03 | 33.88 | 66.12 | 2.4700 | 1.9600 |
| 2019-12 | 37.99 | 62.01 | 2.1300 | 1.7200 |
| 2019-06 | 35.16 | 64.84 | 2.3700 | 1.6100 |
| 2019-09 | 39.70 | 60.30 | 2.1000 | 1.4000 |
| 2019-03 | 26.71 | 73.29 | 2.9500 | 1.6300 |
| 2018-12 | 30.75 | 69.25 | 2.5700 | 1.6800 |
| 2018-09 | 31.32 | 68.68 | 2.5300 | 1.3800 |
| 2018-06 | 30.06 | 69.87 | 2.6500 | 1.1900 |
| 2018-03 | 24.75 | 75.25 | 3.5100 | 1.5500 |
| 2017-12 | 29.19 | 70.81 | 2.7800 | 0.8300 |
| 2017-09 | 25.22 | 74.78 | 3.3300 | 2.9700 |
| 2017-06 | 25.17 | 74.83 | 3.1400 | 1.6600 |
| 2016-12 | 40.93 | 59.07 | 1.5500 | 1.3300 |
| 2017-03 | 21.91 | 78.18 | 3.6800 | 3.3600 |
| 2016-09 | -- | -- | -- | -- |
| 2016-06 | 39.65 | 60.35 | 1.4800 | 1.2000 |
| 2016-03 | -- | -- | -- | -- |
| 2015-12 | 39.42 | 60.58 | 1.5000 | 1.2800 |
| 2013-12 | 61.80 | 38.20 | 0.7000 | 0.4500 |
| 2014-12 | 37.76 | 61.99 | 1.4100 | 1.1100 |
| 2012-12 | 61.98 | 37.97 | 0.8000 | 0.3800 |
| 2025-06 | 38.10 | 61.83 | 1.4000 | 1.2200 |
| 2025-09 | 37.32 | 62.68 | 1.4400 | -- |
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 | 132000000.0000 | 15446100.0000 | 11227000.0000 | -249000.0000 |
| 2024-12 | 1299000000.0000 | 98352600.0000 | 84055600.0000 | 484500.0000 |
| 2024-09 | 683000000.0000 | 82496600.0000 | 45153800.0000 | -1257000.0000 |
| 2024-06 | 460000000.0000 | 55702400.0000 | 29850700.0000 | -1047500.0000 |
| 2024-03 | 186000000.0000 | 26070700.0000 | 17784200.0000 | 35200.0000 |
| 2023-12 | 1259000000.0000 | 139000000.0000 | 55725700.0000 | 7315500.0000 |
| 2023-09 | 886000000.0000 | 104000000.0000 | 39737300.0000 | 3459600.0000 |
| 2023-03 | 197000000.0000 | 27011600.0000 | 9617200.0000 | 1914300.0000 |
| 2023-06 | 558000000.0000 | 65305600.0000 | 25206800.0000 | 2615500.0000 |
| 2022-09 | 887000000.0000 | 112000000.0000 | 41038400.0000 | 4481600.0000 |
| 2022-12 | 1312000000.0000 | 155000000.0000 | 57147000.0000 | 10878900.0000 |
| 2022-03 | 216000000.0000 | 27720300.0000 | 10188500.0000 | 709200.0000 |
| 2022-06 | 531000000.0000 | 69837200.0000 | 26142200.0000 | 2076400.0000 |
| 2021-09 | 1123000000.0000 | 128000000.0000 | 38593400.0000 | 3745700.0000 |
| 2021-12 | 2519000000.0000 | 181000000.0000 | 57552800.0000 | 13002900.0000 |
| 2021-06 | 725000000.0000 | 82085800.0000 | 26284900.0000 | 1779700.0000 |
| 2021-03 | 304000000.0000 | 34199000.0000 | 11993300.0000 | 891900.0000 |
| 2020-06 | 450000000.0000 | 51070200.0000 | 23894400.0000 | 3216200.0000 |
| 2020-09 | 852000000.0000 | 89277100.0000 | 38235500.0000 | 5087500.0000 |
| 2020-12 | 1248000000.0000 | 128000000.0000 | 55700900.0000 | 9376600.0000 |
| 2020-03 | 176000000.0000 | 36716800.0000 | 10495900.0000 | 1439000.0000 |
| 2019-12 | 1267000000.0000 | 208000000.0000 | 51082200.0000 | 3879500.0000 |
| 2019-06 | 492000000.0000 | 88902600.0000 | 20246300.0000 | -236800.0000 |
| 2019-09 | 876000000.0000 | 153000000.0000 | 32597900.0000 | -299900.0000 |
| 2019-03 | 200000000.0000 | 40021500.0000 | 9035400.0000 | 52600.0000 |
| 2018-12 | 973000000.0000 | 152000000.0000 | 45264000.0000 | 12160600.0000 |
| 2018-09 | 677000000.0000 | 110000000.0000 | 33033900.0000 | -1183600.0000 |
| 2018-06 | 398000000.0000 | 70586700.0000 | 17818300.0000 | -694900.0000 |
| 2018-03 | 175000000.0000 | 35074200.0000 | 7910900.0000 | -235800.0000 |
| 2017-12 | 724000000.0000 | 119000000.0000 | 33795500.0000 | -5152000.0000 |
| 2017-09 | 475000000.0000 | 76026900.0000 | 23163700.0000 | -8106700.0000 |
| 2017-06 | 277000000.0000 | 48912800.0000 | 24217000.0000 | -4271100.0000 |
| 2016-12 | 533000000.0000 | 95162400.0000 | 43199900.0000 | -3293900.0000 |
| 2017-03 | 98085600.0000 | 18225600.0000 | 10580600.0000 | -1748500.0000 |
| 2016-09 | 343000000.0000 | 63123900.0000 | 31200400.0000 | -2448500.0000 |
| 2016-06 | 194000000.0000 | 40676800.0000 | 19931100.0000 | -1376800.0000 |
| 2016-03 | 73706800.0000 | 17655900.0000 | 9911300.0000 | -415600.0000 |
| 2015-12 | 439000000.0000 | 94109400.0000 | 38215800.0000 | 115300.0000 |
| 2013-12 | 357000000.0000 | 68035500.0000 | 28183000.0000 | 889000.0000 |
| 2014-12 | 438000000.0000 | 89328400.0000 | 40382500.0000 | 996400.0000 |
| 2012-12 | 276000000.0000 | 52467400.0000 | 20952600.0000 | -8600.0000 |
| 2025-06 | 290000000.0000 | 33978800.0000 | 21246800.0000 | 663400.0000 |
| 2025-09 | 442000000.0000 | 52467500.0000 | 34610600.0000 | -340400.0000 |