中商官网
研究报告
香山股份（002870）
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 | 1443000000.0000 | -2.83 | 52520800.0000 | -39.09 | 52045100.0000 | -39.96 | 36324400.0000 | -49.85 |
| 2024-12-31 | 5902000000.0000 | 1.97 | 262000000.0000 | -27.22 | 262000000.0000 | -26.82 | 237000000.0000 | -25.71 |
| 2024-06-30 | 2954000000.0000 | 15.30 | 148000000.0000 | -1.33 | 149000000.0000 | -0.67 | 124000000.0000 | -8.15 |
| 2024-09-30 | 4402000000.0000 | 6.10 | 216000000.0000 | -26.53 | 217000000.0000 | -26.19 | 192000000.0000 | -25.87 |
| 2024-03-31 | 1485000000.0000 | 22.22 | 86227900.0000 | 6.66 | 86685800.0000 | 7.48 | 72437800.0000 | 12.25 |
| 2023-12-31 | 5788000000.0000 | 20.16 | 360000000.0000 | 78.22 | 358000000.0000 | 73.79 | 319000000.0000 | 52.63 |
| 2023-09-30 | 4149000000.0000 | 22.25 | 294000000.0000 | 63.33 | 294000000.0000 | 61.54 | 259000000.0000 | 56.02 |
| 2023-06-30 | 2562000000.0000 | 17.31 | 150000000.0000 | 71.90 | 150000000.0000 | 67.94 | 135000000.0000 | 51.32 |
| 2022-12-31 | 4817000000.0000 | -1.49 | 202000000.0000 | 59.06 | 206000000.0000 | 64.80 | 209000000.0000 | 67.20 |
| 2023-03-31 | 1215000000.0000 | 11.06 | 80841700.0000 | 62.65 | 80654400.0000 | 59.09 | 64535000.0000 | 53.36 |
| 2022-09-30 | 3394000000.0000 | -0.85 | 180000000.0000 | -7.69 | 182000000.0000 | -6.67 | 166000000.0000 | -1.78 |
| 2022-06-30 | 2184000000.0000 | -8.12 | 87257800.0000 | -41.83 | 89319100.0000 | -40.85 | 89212800.0000 | -27.47 |
| 2021-12-31 | 4890000000.0000 | 400.51 | 127000000.0000 | 28.61 | 125000000.0000 | 29.01 | 125000000.0000 | 66.48 |
| 2022-03-31 | 1094000000.0000 | -7.21 | 49702200.0000 | -31.98 | 50698600.0000 | -28.97 | 42080100.0000 | -22.63 |
| 2021-06-30 | 2377000000.0000 | 522.25 | 150000000.0000 | 441.15 | 151000000.0000 | 473.44 | 123000000.0000 | 481.79 |
| 2021-09-30 | 3423000000.0000 | 403.38 | 195000000.0000 | 212.68 | 195000000.0000 | 218.32 | 169000000.0000 | 237.95 |
| 2020-12-31 | 977000000.0000 | 16.03 | 98745700.0000 | -484.71 | 96890200.0000 | -274.04 | 75083200.0000 | -215.65 |
| 2021-03-31 | 1179000000.0000 | 760.58 | 73073200.0000 | 1170.33 | 71375300.0000 | 1212.60 | 54390700.0000 | 1120.51 |
| 2020-09-30 | 680000000.0000 | 11.29 | 62364700.0000 | 48.09 | 61258200.0000 | 47.63 | 50007300.0000 | 49.37 |
| 2020-06-30 | 382000000.0000 | -3.29 | 27718800.0000 | 11.36 | 26332500.0000 | 8.73 | 21141600.0000 | 6.04 |
| 2019-12-31 | 842000000.0000 | -10.23 | -25667700.0000 | 938.80 | -55670700.0000 | -237.68 | -64920200.0000 | -289.21 |
| 2020-03-31 | 137000000.0000 | -23.89 | 5752300.0000 | -40.23 | 5437700.0000 | -41.94 | 4456400.0000 | -39.28 |
| 2019-06-30 | 395000000.0000 | -8.99 | 24890900.0000 | 40.38 | 24217400.0000 | 38.35 | 19937400.0000 | 43.13 |
| 2019-09-30 | 611000000.0000 | -10.54 | 42113400.0000 | 42.48 | 41493300.0000 | 41.32 | 33479200.0000 | 47.67 |
| 2019-03-31 | 180000000.0000 | 1.12 | 9623400.0000 | 46.75 | 9365100.0000 | 49.20 | 7338900.0000 | 44.57 |
| 2018-12-31 | 938000000.0000 | 0.97 | -2470900.0000 | -102.87 | 40434700.0000 | -54.74 | 34310700.0000 | -52.01 |
| 2018-06-30 | 434000000.0000 | 0.93 | 17731600.0000 | -65.31 | 17503900.0000 | -65.32 | 13929100.0000 | -65.63 |
| 2018-09-30 | 683000000.0000 | -0.58 | 29557600.0000 | -61.25 | 29360200.0000 | -60.97 | 22671500.0000 | -62.79 |
| 2017-12-31 | 929000000.0000 | 12.20 | 86189900.0000 | -29.93 | 89333400.0000 | -31.28 | 71489600.0000 | -31.26 |
| 2018-03-31 | 178000000.0000 | -6.81 | 6557600.0000 | -73.72 | 6276800.0000 | -74.47 | 5076500.0000 | -75.05 |
| 2017-06-30 | 430000000.0000 | 17.81 | 51115000.0000 | 4.45 | 50468500.0000 | 3.36 | 40525600.0000 | 20.90 |
| 2017-09-30 | 687000000.0000 | 14.31 | 76285500.0000 | -6.67 | 75220500.0000 | -11.84 | 60936100.0000 | -7.39 |
| 2017-03-31 | 191000000.0000 | 16.46 | 24954300.0000 | 35.45 | 24582100.0000 | 34.39 | 20346100.0000 | 33.08 |
| 2016-12-31 | 828000000.0000 | 2.86 | 123000000.0000 | 21.78 | 130000000.0000 | 19.27 | 104000000.0000 | 31.79 |
| 2016-06-30 | 365000000.0000 | -- | 48935700.0000 | -- | 48829500.0000 | -- | 33520900.0000 | -- |
| 2016-09-30 | 601000000.0000 | -- | 81735800.0000 | -- | 85321900.0000 | -- | 65799400.0000 | -- |
| 2015-12-31 | 805000000.0000 | -2.90 | 101000000.0000 | 0.00 | 109000000.0000 | 4.81 | 78914800.0000 | 5.78 |
| 2016-03-31 | 164000000.0000 | -- | 18423300.0000 | -- | 18291200.0000 | -- | 15288100.0000 | -- |
| 2014-12-31 | 829000000.0000 | 6.83 | 101000000.0000 | 2.65 | 104000000.0000 | 4.11 | 74599500.0000 | 2.72 |
| 2013-12-31 | 776000000.0000 | 3.19 | 98390000.0000 | 8.40 | 99897200.0000 | 2.72 | 72627200.0000 | 1.56 |
| 2012-12-31 | 752000000.0000 | -- | 90769500.0000 | -- | 97250200.0000 | -- | 71510900.0000 | -- |
| 2025-06-30 | 2938000000.0000 | -0.54 | 91886900.0000 | -37.91 | 91613700.0000 | -38.51 | 80350300.0000 | -35.20 |
| 2025-09-30 | 4470000000.0000 | 1.54 | 142000000.0000 | -34.26 | 140000000.0000 | -35.48 | 138000000.0000 | -28.13 |
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 | 2.98 | 3.61 | 0.62 | 1.3900 | 0.9600 | 5.41 | 0.17 |
| 2024-12 | 3.85 | 4.44 | 3.22 | 9.9500 | 4.0700 | 5.57 | 0.73 |
| 2024-06 | 4.47 | 5.04 | 1.87 | 5.1400 | 2.1700 | 5.68 | 0.37 |
| 2024-09 | 4.41 | 4.93 | 2.65 | 8.0700 | 3.1300 | 5.76 | 0.54 |
| 2024-03 | 5.25 | 5.84 | 1.08 | 2.8900 | 1.0600 | 6.23 | 0.19 |
| 2023-12 | 6.69 | 6.19 | 4.68 | 10.4400 | 4.1800 | 5.78 | 0.76 |
| 2023-09 | 7.21 | 7.09 | 3.99 | 8.9900 | 3.0300 | 5.79 | 0.56 |
| 2023-06 | 6.56 | 5.85 | 1.97 | 3.7700 | 1.8400 | 5.36 | 0.34 |
| 2022-12 | 5.56 | 4.28 | 2.78 | 6.6800 | 3.9800 | 5.39 | 0.65 |
| 2023-03 | 5.84 | 6.64 | 1.09 | 2.2700 | 0.8700 | 5.40 | 0.16 |
| 2022-09 | 5.16 | 5.36 | 2.53 | 7.1200 | 2.8400 | 5.31 | 0.47 |
| 2022-06 | 4.03 | 4.09 | 1.29 | 4.0400 | 1.9700 | 5.41 | 0.31 |
| 2021-12 | 4.31 | 2.56 | 1.96 | 6.0500 | 5.3900 | 6.31 | 0.77 |
| 2022-03 | 4.02 | 4.63 | 0.78 | 3.0400 | 1.0100 | 5.82 | 0.17 |
| 2021-06 | 5.89 | 6.35 | 2.32 | 9.0000 | 2.8000 | 6.28 | 0.37 |
| 2021-09 | 5.29 | 5.70 | 3.05 | 12.8100 | 3.8300 | 6.27 | 0.54 |
| 2020-12 | 9.42 | 9.92 | 1.52 | 9.5900 | 1.9500 | 2.33 | 0.15 |
| 2021-03 | 6.02 | 6.05 | 1.12 | 4.4800 | 1.4300 | 6.53 | 0.18 |
| 2020-09 | 9.56 | 9.01 | 5.88 | 6.5300 | 5.1700 | 9.41 | 0.65 |
| 2020-06 | 8.38 | 6.89 | 2.60 | 2.7700 | 2.9400 | 9.13 | 0.38 |
| 2019-12 | 3.09 | -6.61 | -5.76 | -8.1500 | 5.1700 | 10.55 | 0.87 |
| 2020-03 | 3.65 | 3.97 | 0.55 | 0.5900 | 1.0400 | 7.62 | 0.14 |
| 2019-06 | 4.81 | 6.13 | 2.29 | 2.3500 | 2.3300 | 10.70 | 0.37 |
| 2019-09 | 5.73 | 6.79 | 4.02 | 3.9600 | 3.8700 | 9.24 | 0.59 |
| 2019-03 | 4.44 | 5.20 | 0.90 | 0.8700 | 1.0500 | 10.55 | 0.17 |
| 2018-12 | -1.92 | 4.31 | 3.69 | 4.6900 | 5.2100 | 14.04 | 0.86 |
| 2018-06 | 1.38 | 4.03 | 1.25 | 1.6900 | 1.8400 | 7.01 | 0.31 |
| 2018-09 | 1.90 | 4.30 | 2.20 | 2.9500 | 2.7600 | 7.41 | 0.51 |
| 2017-12 | 8.18 | 9.62 | 9.12 | 24.4700 | 5.5600 | 16.01 | 0.95 |
| 2018-03 | 0.56 | 3.53 | 0.47 | 0.6300 | 0.7400 | 6.18 | 0.13 |
| 2017-06 | 11.40 | 11.74 | 5.21 | 10.5900 | 2.4500 | 15.22 | 0.44 |
| 2017-09 | 10.04 | 10.95 | 7.66 | 11.7900 | 4.0100 | 14.20 | 0.70 |
| 2017-03 | 12.57 | 12.87 | 4.90 | 5.6900 | 1.1800 | 14.00 | 0.38 |
| 2016-12 | 14.86 | 15.70 | 25.39 | 30.8800 | 5.9300 | 18.20 | 1.62 |
| 2016-06 | 13.15 | 13.38 | -- | 11.1100 | -- | -- | -- |
| 2016-09 | 13.64 | 14.20 | -- | -- | -- | -- | -- |
| 2015-12 | 11.93 | 13.54 | 21.29 | 32.0600 | 6.1500 | 20.85 | 1.57 |
| 2016-03 | 10.98 | 11.15 | -- | 5.2200 | -- | -- | -- |
| 2014-12 | 12.06 | 12.55 | 21.94 | 29.8500 | 5.8000 | 19.19 | 1.75 |
| 2013-12 | 12.24 | 12.87 | 23.51 | 34.6000 | 6.3000 | 16.55 | 1.83 |
| 2012-12 | 11.84 | 12.93 | 27.32 | 35.6700 | 7.5200 | 15.39 | 2.11 |
| 2025-06 | 2.48 | 3.12 | 1.07 | 3.2100 | 1.9600 | 5.25 | 0.34 |
| 2025-09 | 2.60 | 3.13 | -- | -- | -- | -- | -- |
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 | 66.79 | 33.21 | 0.9300 | 0.6100 |
| 2024-12 | 66.38 | 33.62 | 0.9100 | 0.5800 |
| 2024-06 | 66.45 | 33.55 | 0.9600 | 0.6200 |
| 2024-09 | 66.97 | 33.03 | 0.9600 | 0.6200 |
| 2024-03 | 66.91 | 33.09 | 0.8900 | 0.5700 |
| 2023-12 | 66.19 | 33.81 | 0.8200 | 0.5000 |
| 2023-09 | 65.91 | 34.09 | 0.8300 | 0.5000 |
| 2023-06 | 61.45 | 38.55 | 0.9300 | 0.5700 |
| 2022-12 | 63.02 | 36.98 | 0.9100 | 0.5800 |
| 2023-03 | 61.90 | 38.12 | 0.9200 | 0.5600 |
| 2022-09 | 62.98 | 37.01 | 1.0000 | 0.6300 |
| 2022-06 | 62.88 | 37.12 | 0.9700 | 0.6200 |
| 2021-12 | 70.12 | 29.88 | 0.8000 | 0.4500 |
| 2022-03 | 69.97 | 30.03 | 0.8100 | 0.4200 |
| 2021-06 | 71.37 | 28.63 | 0.9200 | 0.5300 |
| 2021-09 | 70.40 | 29.60 | 0.8900 | 0.5000 |
| 2020-12 | 71.95 | 28.06 | 0.8600 | 0.5800 |
| 2021-03 | 72.12 | 27.88 | 0.8800 | 0.5600 |
| 2020-09 | 24.69 | 75.31 | 2.0000 | 1.1700 |
| 2020-06 | 25.47 | 74.53 | 1.8800 | 1.4200 |
| 2019-12 | 22.13 | 77.97 | 1.9600 | 1.4500 |
| 2020-03 | 23.20 | 76.80 | 1.9300 | 1.4100 |
| 2019-06 | 20.77 | 79.23 | 3.1500 | 2.1800 |
| 2019-09 | 17.44 | 82.56 | 3.7700 | 2.7100 |
| 2019-03 | 18.89 | 81.11 | 3.4200 | 0.9100 |
| 2018-12 | 23.47 | 76.62 | 2.8500 | 1.8100 |
| 2018-06 | 38.34 | 61.66 | 1.7900 | 0.5400 |
| 2018-09 | 34.46 | 65.47 | 1.9400 | 0.6200 |
| 2017-12 | 17.67 | 82.33 | 4.2600 | 0.7700 |
| 2018-03 | 34.04 | 66.04 | 1.9700 | 0.5900 |
| 2017-06 | 19.92 | 79.98 | 3.9900 | 1.2800 |
| 2017-09 | 18.94 | 81.06 | 4.0600 | 0.8100 |
| 2017-03 | 46.41 | 53.59 | 1.3400 | 0.7600 |
| 2016-12 | 32.03 | 67.97 | 1.9700 | 1.2900 |
| 2016-06 | -- | -- | -- | -- |
| 2016-09 | -- | -- | -- | -- |
| 2015-12 | 44.34 | 55.66 | 1.4800 | 1.0900 |
| 2016-03 | -- | -- | -- | -- |
| 2014-12 | 56.33 | 43.67 | 1.3000 | 0.3000 |
| 2013-12 | 50.12 | 50.12 | 1.4200 | 0.9100 |
| 2012-12 | 50.28 | 49.44 | 1.4500 | 1.0300 |
| 2025-06 | 66.85 | 33.15 | 0.9300 | 0.6100 |
| 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 | 1400000000.0000 | 52416900.0000 | 99584000.0000 | 26280200.0000 |
| 2024-12 | 5675000000.0000 | 207000000.0000 | 391000000.0000 | 148000000.0000 |
| 2024-06 | 2822000000.0000 | 95894100.0000 | 186000000.0000 | 72251300.0000 |
| 2024-09 | 4208000000.0000 | 148000000.0000 | 284000000.0000 | 101000000.0000 |
| 2024-03 | 1407000000.0000 | 51593400.0000 | 90997900.0000 | 25560400.0000 |
| 2023-12 | 5401000000.0000 | 178000000.0000 | 351000000.0000 | 111000000.0000 |
| 2023-09 | 3850000000.0000 | 130000000.0000 | 270000000.0000 | 56979600.0000 |
| 2023-06 | 2394000000.0000 | 84756900.0000 | 178000000.0000 | 57442100.0000 |
| 2022-12 | 4549000000.0000 | 165000000.0000 | 321000000.0000 | 78134800.0000 |
| 2023-03 | 1144000000.0000 | 40287100.0000 | 82998300.0000 | 26210300.0000 |
| 2022-09 | 3219000000.0000 | 109000000.0000 | 233000000.0000 | 23325200.0000 |
| 2022-06 | 2096000000.0000 | 75324500.0000 | 151000000.0000 | 32611000.0000 |
| 2021-12 | 4679000000.0000 | 156000000.0000 | 417000000.0000 | 98283500.0000 |
| 2022-03 | 1050000000.0000 | 30647500.0000 | 85283400.0000 | 20229300.0000 |
| 2021-06 | 2237000000.0000 | 76205900.0000 | 154000000.0000 | 48690200.0000 |
| 2021-09 | 3242000000.0000 | 113000000.0000 | 244000000.0000 | 63019100.0000 |
| 2020-12 | 885000000.0000 | 63037300.0000 | 82306700.0000 | 13901600.0000 |
| 2021-03 | 1108000000.0000 | 43620800.0000 | 79274500.0000 | 20546700.0000 |
| 2020-09 | 615000000.0000 | 42461700.0000 | 40224800.0000 | 6193200.0000 |
| 2020-06 | 350000000.0000 | 26500100.0000 | 25208900.0000 | -721100.0000 |
| 2019-12 | 816000000.0000 | 90949600.0000 | 59694200.0000 | -1417700.0000 |
| 2020-03 | 132000000.0000 | 18291200.0000 | 10942200.0000 | -1367900.0000 |
| 2019-06 | 376000000.0000 | 39646000.0000 | 29061800.0000 | 1120900.0000 |
| 2019-09 | 576000000.0000 | 64039900.0000 | 43334700.0000 | -755800.0000 |
| 2019-03 | 172000000.0000 | 16833600.0000 | 13423700.0000 | 2263100.0000 |
| 2018-12 | 956000000.0000 | 88896100.0000 | 87988400.0000 | 4519400.0000 |
| 2018-06 | 428000000.0000 | 37381500.0000 | 35642000.0000 | 7068200.0000 |
| 2018-09 | 670000000.0000 | 60466300.0000 | 54405400.0000 | 7979500.0000 |
| 2017-12 | 853000000.0000 | 85461100.0000 | 64808800.0000 | 6602500.0000 |
| 2018-03 | 177000000.0000 | 14377100.0000 | 16897600.0000 | 9356300.0000 |
| 2017-06 | 381000000.0000 | 36865600.0000 | 46332200.0000 | 3890000.0000 |
| 2017-09 | 618000000.0000 | 59623700.0000 | 46176700.0000 | 7150800.0000 |
| 2017-03 | 167000000.0000 | 15160500.0000 | 22241300.0000 | 1059900.0000 |
| 2016-12 | 705000000.0000 | 80568600.0000 | 81036800.0000 | -4368100.0000 |
| 2016-06 | 317000000.0000 | 39742300.0000 | 39523000.0000 | -2473100.0000 |
| 2016-09 | 519000000.0000 | 58677000.0000 | 58935500.0000 | 122700.0000 |
| 2015-12 | 709000000.0000 | 83141700.0000 | 80877800.0000 | -3301200.0000 |
| 2016-03 | 146000000.0000 | 14093000.0000 | 18030900.0000 | -334000.0000 |
| 2014-12 | 729000000.0000 | 76417100.0000 | 73794800.0000 | 1610400.0000 |
| 2013-12 | 681000000.0000 | 60195900.0000 | 67662300.0000 | 7142700.0000 |
| 2012-12 | 663000000.0000 | 51675800.0000 | 68097500.0000 | 4391400.0000 |
| 2025-06 | 2865000000.0000 | 117000000.0000 | 204000000.0000 | 65498500.0000 |
| 2025-09 | 4354000000.0000 | 167000000.0000 | 309000000.0000 | 86345100.0000 |