中商官网
研究报告
昆仑万维（300418）
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) |
| 2011 | 642000000.0000 | 187000000.0000 | 187000000.0000 | 182000000.0000 | 649000000.0000 | 128000000.0000 | 521000000.0000 |
| 2012 | 806000000.0000 | 216000000.0000 | 220000000.0000 | 218000000.0000 | 844000000.0000 | 144000000.0000 | 699000000.0000 |
| 2013 | 1510000000.0000 | 420000000.0000 | 442000000.0000 | 436000000.0000 | 1250000000.0000 | 396000000.0000 | 853000000.0000 |
| 2014 | 1934000000.0000 | 324000000.0000 | 330000000.0000 | 326000000.0000 | 1468000000.0000 | 456000000.0000 | 1012000000.0000 |
| 2015 | 1789000000.0000 | 403000000.0000 | 416000000.0000 | 405000000.0000 | 3888000000.0000 | 1208000000.0000 | 2680000000.0000 |
| 2016 | 2425000000.0000 | 557000000.0000 | 569000000.0000 | 545000000.0000 | 6306000000.0000 | 3125000000.0000 | 3181000000.0000 |
| 2017 | 3436000000.0000 | 1463000000.0000 | 1465000000.0000 | 1419000000.0000 | 12061000000.0000 | 3199000000.0000 | 8862000000.0000 |
| 2018 | 3577000000.0000 | 1510000000.0000 | 1504000000.0000 | 1497000000.0000 | 8829000000.0000 | 3513000000.0000 | 5316000000.0000 |
| 2019 | 3688000000.0000 | 1478000000.0000 | 1483000000.0000 | 1387000000.0000 | 10257000000.0000 | 5566000000.0000 | 4691000000.0000 |
| 2020 | 5420000000.0000 | 5681000000.0000 | 5675000000.0000 | 5645000000.0000 | 17464000000.0000 | 4008000000.0000 | 13456000000.0000 |
| 2021 | 4850000000.0000 | 1562000000.0000 | 1561000000.0000 | 1481000000.0000 | 17899000000.0000 | 4608000000.0000 | 13291000000.0000 |
| 2022 | 4736000000.0000 | 1401000000.0000 | 1388000000.0000 | 1234000000.0000 | 17561000000.0000 | 3018000000.0000 | 14543000000.0000 |
| 2023 | 4915000000.0000 | 1928000000.0000 | 1879000000.0000 | 1533000000.0000 | 21485000000.0000 | 3586000000.0000 | 17899000000.0000 |
| 2024 | 5662000000.0000 | -1816000000.0000 | -1819000000.0000 | -1947000000.0000 | 20676000000.0000 | 3693000000.0000 | 16984000000.0000 |
| 2025 | 8198000000.0000 | -1770000000.0000 | -1824000000.0000 | -2117000000.0000 | -- | -- | -- |
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) |
| 2011 | 29.13 | 29.13 | 28.81 | 59.0600 | -- | 7.72 | 0.99 |
| 2012 | 26.80 | 27.30 | 26.07 | 34.6700 | -- | 9.39 | 0.95 |
| 2013 | 16.49 | 29.27 | 35.36 | 47.5300 | -- | 9.47 | 1.21 |
| 2014 | 16.70 | 17.06 | 22.48 | 35.8000 | -- | 7.98 | 1.32 |
| 2015 | 13.64 | 23.25 | 10.70 | 16.6700 | -- | 6.59 | 0.46 |
| 2016 | 2.68 | 23.46 | 9.02 | 18.3100 | -- | 5.58 | 0.38 |
| 2017 | 28.58 | 42.64 | 12.15 | 16.3900 | -- | 6.94 | 0.28 |
| 2018 | 22.67 | 42.05 | 17.03 | 15.0800 | -- | 9.26 | 0.41 |
| 2019 | 22.97 | 40.21 | 14.46 | 25.8300 | -- | 10.00 | 0.36 |
| 2020 | 6.13 | 104.70 | 32.50 | 68.8600 | -- | 7.68 | 0.31 |
| 2021 | -6.60 | 32.19 | 8.72 | 16.1200 | -- | 10.39 | 0.27 |
| 2022 | 15.96 | 29.31 | 7.90 | 10.0400 | -- | 6.86 | 0.27 |
| 2023 | 7.41 | 38.23 | 8.75 | 9.0500 | -- | 6.71 | 0.23 |
| 2024 | -18.12 | -32.13 | -8.80 | -10.8300 | -- | 7.33 | 0.27 |
| 2025 | -23.16 | -22.25 | -- | -- | -- | -- | -- |
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 |
| 2011 | 19.72 | 80.28 | 4.4900 | 3.7200 |
| 2012 | 17.06 | 82.82 | 4.8800 | 3.7200 |
| 2013 | 31.68 | 68.24 | 2.7200 | 2.3400 |
| 2014 | 31.06 | 68.94 | 2.4900 | 2.1900 |
| 2015 | 31.07 | 68.93 | 1.5700 | 1.3300 |
| 2016 | 49.56 | 50.44 | 0.8700 | 0.7600 |
| 2017 | 26.52 | 73.48 | 1.4600 | 1.2800 |
| 2018 | 39.79 | 60.21 | 0.7100 | 0.6700 |
| 2019 | 54.27 | 45.73 | 0.6600 | 0.6400 |
| 2020 | 22.95 | 77.05 | 0.9000 | 0.8700 |
| 2021 | 25.74 | 74.26 | 0.9000 | 0.7800 |
| 2022 | 17.19 | 82.81 | 1.2500 | 1.2200 |
| 2023 | 16.69 | 83.31 | 1.2500 | 1.2000 |
| 2024 | 17.86 | 82.14 | 1.6100 | 1.5500 |
| 2025 | -- | -- | -- | -- |
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) |
| 2011 | 455000000.0000 | 202000000.0000 | 135000000.0000 | 6322700.0000 |
| 2012 | 590000000.0000 | 292000000.0000 | 151000000.0000 | 1411400.0000 |
| 2013 | 1261000000.0000 | 601000000.0000 | 188000000.0000 | 17429100.0000 |
| 2014 | 1611000000.0000 | 715000000.0000 | 264000000.0000 | 10841800.0000 |
| 2015 | 1545000000.0000 | 682000000.0000 | 231000000.0000 | -69814700.0000 |
| 2016 | 2360000000.0000 | 639000000.0000 | 444000000.0000 | 62641400.0000 |
| 2017 | 2454000000.0000 | 954000000.0000 | 330000000.0000 | 99619800.0000 |
| 2018 | 2766000000.0000 | 893000000.0000 | 566000000.0000 | 184000000.0000 |
| 2019 | 2841000000.0000 | 1035000000.0000 | 595000000.0000 | 168000000.0000 |
| 2020 | 5088000000.0000 | 1423000000.0000 | 921000000.0000 | 91763800.0000 |
| 2021 | 5170000000.0000 | 1473000000.0000 | 760000000.0000 | 113000000.0000 |
| 2022 | 3980000000.0000 | 1566000000.0000 | 628000000.0000 | 44259500.0000 |
| 2023 | 4551000000.0000 | 1620000000.0000 | 861000000.0000 | 42810100.0000 |
| 2024 | 6688000000.0000 | 2304000000.0000 | 924000000.0000 | 65112800.0000 |
| 2025 | 10097000000.0000 | 4182000000.0000 | 1264000000.0000 | 81052000.0000 |