中商官网
研究报告
创业黑马（300688）
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 | 35544700.0000 | -29.11 | -1547200.0000 | -79.91 | -1477900.0000 | -80.81 | -1523700.0000 | -80.27 |
| 2024-12-31 | 222000000.0000 | -18.08 | -115000000.0000 | -1157.72 | -118000000.0000 | -1186.17 | -114000000.0000 | -725.82 |
| 2024-06-30 | 101000000.0000 | -0.98 | -33435100.0000 | 47.03 | -33659100.0000 | 40.38 | -33864300.0000 | 43.48 |
| 2024-09-30 | 159000000.0000 | -11.17 | -42387500.0000 | 384.92 | -42641300.0000 | 312.01 | -42900400.0000 | 326.16 |
| 2023-12-31 | 271000000.0000 | -21.90 | 10872400.0000 | -109.88 | 10863900.0000 | -109.79 | 18216100.0000 | -116.56 |
| 2024-03-31 | 50138100.0000 | 3.68 | -7702300.0000 | -17.24 | -7702500.0000 | -19.52 | -7722300.0000 | -18.90 |
| 2023-09-30 | 179000000.0000 | -41.31 | -8741100.0000 | -87.80 | -10349500.0000 | -85.57 | -10066800.0000 | -85.88 |
| 2023-03-31 | 48356500.0000 | -51.34 | -9306700.0000 | -61.45 | -9570200.0000 | -60.10 | -9522300.0000 | -60.30 |
| 2022-12-31 | 347000000.0000 | 2.06 | -110000000.0000 | 1978.69 | -111000000.0000 | 2335.55 | -110000000.0000 | 895.09 |
| 2023-06-30 | 102000000.0000 | -49.25 | -22739800.0000 | -59.20 | -23976800.0000 | -57.04 | -23601500.0000 | -57.38 |
| 2022-09-30 | 305000000.0000 | 63.98 | -71639200.0000 | 822.51 | -71737000.0000 | 923.09 | -71301500.0000 | 850.52 |
| 2022-06-30 | 201000000.0000 | 103.08 | -55737300.0000 | 444.09 | -55808700.0000 | 490.29 | -55376200.0000 | 1705.31 |
| 2021-09-30 | 186000000.0000 | 75.47 | -7765700.0000 | -174.67 | -7011800.0000 | -176.99 | -7501300.0000 | -191.79 |
| 2022-03-31 | 99373400.0000 | 238.73 | -24140000.0000 | -12886.02 | -23983300.0000 | -13292.13 | -23983300.0000 | -12925.29 |
| 2021-12-31 | 340000000.0000 | 107.32 | -5291800.0000 | -148.34 | -4557500.0000 | -147.40 | -11054300.0000 | -279.11 |
| 2021-06-30 | 98976700.0000 | 70.94 | -10244200.0000 | -376.21 | -9454400.0000 | -484.11 | -3067400.0000 | -240.93 |
| 2020-12-31 | 164000000.0000 | -23.00 | 10947100.0000 | -39.33 | 9615800.0000 | -38.72 | 6171700.0000 | -52.25 |
| 2021-03-31 | 29336700.0000 | 63.87 | 188800.0000 | -105.15 | 181800.0000 | -104.36 | 187000.0000 | -105.08 |
| 2020-03-31 | 17902000.0000 | -59.33 | -3669000.0000 | -134.21 | -4169000.0000 | -138.87 | -3679500.0000 | -140.73 |
| 2020-09-30 | 106000000.0000 | -26.39 | 10400500.0000 | -46.52 | 9107200.0000 | -53.14 | 8172400.0000 | -52.68 |
| 2020-06-30 | 57901200.0000 | -40.73 | 3708900.0000 | -80.04 | 2461400.0000 | -86.75 | 2176500.0000 | -85.88 |
| 2019-09-30 | 144000000.0000 | -33.02 | 19448800.0000 | 3.73 | 19436800.0000 | -19.83 | 17269700.0000 | -18.08 |
| 2019-06-30 | 97696300.0000 | 11.12 | 18582500.0000 | 27.97 | 18582600.0000 | -4.81 | 15415200.0000 | 2.38 |
| 2019-12-31 | 213000000.0000 | -36.42 | 18043800.0000 | 796.05 | 15691300.0000 | 109.10 | 12926000.0000 | 198.62 |
| 2018-12-31 | 335000000.0000 | 81.08 | 2013700.0000 | -96.82 | 7504200.0000 | -88.14 | 4328600.0000 | -91.01 |
| 2019-03-31 | 44012400.0000 | 67.87 | 10724800.0000 | 637.96 | 10724800.0000 | 69.02 | 9033800.0000 | 125.13 |
| 2018-06-30 | 87920900.0000 | 21.17 | 14521200.0000 | -31.45 | 19521200.0000 | -7.85 | 15056900.0000 | -3.55 |
| 2018-03-31 | 26218800.0000 | 7.61 | 1453300.0000 | 13.69 | 6345200.0000 | 396.84 | 4012700.0000 | 598.95 |
| 2018-09-30 | 215000000.0000 | 79.17 | 18750100.0000 | -38.20 | 24244600.0000 | -20.09 | 21081900.0000 | -4.85 |
| 2017-09-30 | 120000000.0000 | 2.56 | 30342300.0000 | 90.46 | 30341200.0000 | 26.23 | 22156800.0000 | 25.85 |
| 2017-12-31 | 185000000.0000 | 0.54 | 63262000.0000 | 39.84 | 63261400.0000 | 6.75 | 48170900.0000 | 13.05 |
| 2017-06-30 | 72559100.0000 | 1.69 | 21184800.0000 | 135.59 | 21183700.0000 | 30.19 | 15611800.0000 | 44.18 |
| 2017-03-31 | 24365500.0000 | 0.48 | 1278300.0000 | -150.62 | 1277100.0000 | -151.80 | 574100.0000 | -115.28 |
| 2016-12-31 | 184000000.0000 | 10.18 | 45237700.0000 | 213.81 | 59259500.0000 | 257.82 | 42611400.0000 | 446.55 |
| 2016-09-30 | 117000000.0000 | -- | 15931200.0000 | -- | 24035500.0000 | -- | 17605900.0000 | -- |
| 2016-06-30 | 71352800.0000 | -- | 8992200.0000 | -- | 16271700.0000 | -- | 10827700.0000 | -- |
| 2016-03-31 | 24248800.0000 | -- | -2525200.0000 | -∞ | -2465600.0000 | -∞ | -3757500.0000 | -∞ |
| 2013-12-31 | 48451700.0000 | -- | -2363200.0000 | -∞ | -1049200.0000 | -∞ | -1305900.0000 | -∞ |
| 2015-12-31 | 167000000.0000 | 54.63 | 14415700.0000 | 51.18 | 16561400.0000 | 32.08 | 7796400.0000 | -13.00 |
| 2014-12-31 | 108000000.0000 | 122.90 | 9535700.0000 | -503.51 | 12539300.0000 | -1295.13 | 8960900.0000 | -786.19 |
| 2025-06-30 | 70559100.0000 | -30.14 | -22237200.0000 | -33.49 | -22299100.0000 | -33.75 | -22838500.0000 | -32.56 |
| 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 | -28.46 | -4.16 | -0.25 | 0.2500 | -- | 4.82 | 0.06 |
| 2024-12 | -51.80 | -53.15 | -18.55 | -21.7300 | -- | 7.33 | 0.35 |
| 2024-06 | -35.64 | -33.33 | -4.61 | -6.3600 | -- | 5.25 | 0.14 |
| 2024-09 | -28.93 | -26.82 | -6.02 | -8.3100 | -- | 5.88 | 0.22 |
| 2023-12 | -5.17 | 4.01 | 1.43 | 1.7500 | -- | 9.90 | 0.36 |
| 2024-03 | -13.52 | -15.36 | -1.03 | -1.6700 | -- | 5.72 | 0.07 |
| 2023-09 | -9.50 | -5.78 | -1.39 | -2.7400 | -- | 8.58 | 0.24 |
| 2023-03 | -19.27 | -19.79 | -1.25 | -1.9200 | -- | 8.28 | 0.06 |
| 2022-12 | -31.12 | -31.99 | -13.81 | -14.3900 | -- | 13.74 | 0.43 |
| 2023-06 | -22.55 | -23.51 | -3.24 | -4.5000 | -- | 7.86 | 0.14 |
| 2022-09 | -22.30 | -23.52 | -9.00 | -11.3400 | -- | 13.47 | 0.38 |
| 2022-06 | -23.38 | -27.77 | -7.15 | -7.9900 | -- | 13.32 | 0.26 |
| 2021-09 | -10.22 | -3.77 | -0.93 | 1.5000 | -- | 44.17 | 0.25 |
| 2022-03 | -24.78 | -24.13 | -3.04 | -3.3300 | -- | 14.51 | 0.13 |
| 2021-12 | -5.88 | -1.34 | -0.59 | 2.7700 | -- | 21.02 | 0.44 |
| 2021-06 | -21.24 | -9.55 | -1.28 | 1.0900 | -- | 28.80 | 0.13 |
| 2020-12 | 9.76 | 5.86 | 2.00 | 1.9600 | -- | 5.43 | 0.34 |
| 2021-03 | -45.21 | 0.62 | 0.03 | 0.5500 | -- | 32.55 | 0.04 |
| 2020-03 | -25.64 | -23.29 | -0.90 | -0.9300 | -- | 1.94 | 0.04 |
| 2020-09 | 9.30 | 8.59 | 1.95 | 2.0000 | -- | 3.96 | 0.23 |
| 2020-06 | 4.68 | 4.25 | 0.53 | 0.3800 | -- | 3.05 | 0.13 |
| 2019-09 | 11.81 | 13.50 | 4.16 | 4.9600 | -- | 3.73 | 0.31 |
| 2019-06 | 16.82 | 19.02 | 3.93 | 4.4400 | -- | 3.92 | 0.21 |
| 2019-12 | 7.04 | 7.37 | 3.37 | 4.2800 | -- | 4.20 | 0.46 |
| 2018-12 | -3.88 | 2.24 | 1.60 | 3.5400 | -- | 7.38 | 0.71 |
| 2019-03 | 21.96 | 24.37 | 2.31 | 2.6300 | -- | 3.75 | 0.09 |
| 2018-06 | 13.00 | 22.20 | 4.22 | 4.2900 | -- | 3.56 | 0.19 |
| 2018-03 | 2.14 | 24.20 | 1.42 | 1.1900 | -- | 2.41 | 0.06 |
| 2018-09 | 5.12 | 11.28 | 5.11 | 5.9500 | -- | 6.10 | 0.45 |
| 2017-09 | 15.83 | 25.28 | 7.33 | 10.6000 | 280.6700 | 6.94 | 0.29 |
| 2017-12 | 24.32 | 34.20 | 13.75 | 18.8400 | -- | 6.00 | 0.40 |
| 2017-06 | 20.31 | 29.20 | 8.21 | 8.3000 | 154.3800 | 6.88 | 0.28 |
| 2017-03 | 1.30 | 5.24 | 0.53 | 0.4400 | -- | 6.50 | 0.10 |
| 2016-12 | 24.46 | 32.21 | 22.70 | 26.1800 | -- | 11.12 | 0.70 |
| 2016-09 | 13.68 | 20.54 | -- | -- | -- | -- | -- |
| 2016-06 | 12.60 | 22.80 | -- | 7.8100 | -- | -- | -- |
| 2016-03 | -10.53 | -10.17 | -- | -2.9900 | -- | -- | -- |
| 2013-12 | -4.88 | -2.17 | -1.75 | -4.9400 | -- | 5.25 | 0.81 |
| 2015-12 | 8.98 | 9.92 | 7.39 | 11.8800 | -- | 8.62 | 0.75 |
| 2014-12 | 8.46 | 11.61 | 12.06 | 19.2500 | -- | 7.16 | 1.04 |
| 2025-06 | -47.39 | -31.60 | -3.91 | -2.7900 | -- | 5.76 | 0.12 |
| 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 | 28.79 | 71.05 | 2.2400 | 2.1500 |
| 2024-12 | 33.18 | 66.98 | 1.9800 | 1.9100 |
| 2024-06 | 29.04 | 70.96 | 2.3600 | 1.8700 |
| 2024-09 | 29.80 | 70.20 | 2.2800 | 1.7500 |
| 2023-12 | 26.81 | 73.19 | 2.5100 | 2.4200 |
| 2024-03 | 26.90 | 73.10 | 2.5200 | 2.4100 |
| 2023-09 | 27.55 | 72.31 | 2.3800 | 2.1900 |
| 2023-03 | 29.71 | 70.29 | 2.4500 | 2.3800 |
| 2022-12 | 29.60 | 70.40 | 2.5200 | 2.2400 |
| 2023-06 | 29.42 | 70.58 | 2.3200 | 2.2500 |
| 2022-09 | 32.25 | 67.63 | 2.5800 | 2.5100 |
| 2022-06 | 28.33 | 71.79 | 3.1100 | 2.9900 |
| 2021-09 | 23.80 | 76.33 | 3.5100 | 3.3700 |
| 2022-03 | 29.57 | 70.56 | 2.9200 | 2.8200 |
| 2021-12 | 25.33 | 74.67 | 3.4300 | 3.3700 |
| 2021-06 | 22.16 | 77.97 | 3.7400 | 3.0100 |
| 2020-12 | 22.45 | 77.55 | 3.5200 | 3.4200 |
| 2021-03 | 17.76 | 82.24 | 4.7000 | 3.7400 |
| 2020-03 | 19.27 | 80.69 | 4.3100 | 4.1300 |
| 2020-09 | 19.60 | 80.34 | 4.1400 | 4.0400 |
| 2020-06 | 19.87 | 80.09 | 4.1600 | 4.0200 |
| 2019-09 | 18.35 | 81.80 | 4.4700 | 3.7100 |
| 2019-06 | 20.00 | 80.13 | 4.5700 | 3.7500 |
| 2019-12 | 19.45 | 80.69 | 4.2800 | 3.3200 |
| 2018-12 | 19.27 | 80.81 | 4.8200 | 2.3300 |
| 2019-03 | 19.10 | 80.82 | 4.8000 | 2.3700 |
| 2018-06 | 16.24 | 83.80 | 6.0400 | 2.6200 |
| 2018-03 | 14.43 | 85.71 | 6.9800 | 4.6400 |
| 2018-09 | 16.75 | 83.33 | 5.6300 | 2.4700 |
| 2017-09 | 15.21 | 84.78 | 6.6900 | 6.6400 |
| 2017-12 | 17.50 | 82.61 | 5.7600 | 4.0500 |
| 2017-06 | 25.41 | 74.81 | 3.8900 | 3.8000 |
| 2017-03 | 25.36 | 74.69 | 3.9300 | 3.8400 |
| 2016-12 | 31.29 | 68.58 | 3.1900 | 3.1400 |
| 2016-09 | -- | -- | -- | -- |
| 2016-06 | -- | -- | -- | -- |
| 2016-03 | -- | -- | -- | -- |
| 2013-12 | 39.76 | 60.24 | 2.4800 | 2.4300 |
| 2015-12 | 37.53 | 62.50 | 2.5800 | 2.5700 |
| 2014-12 | 54.81 | 45.08 | 1.7500 | 1.7100 |
| 2025-06 | 29.30 | 70.70 | 2.1300 | 2.0400 |
| 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 | 45661800.0000 | 15207600.0000 | 12798000.0000 | -373700.0000 |
| 2024-12 | 337000000.0000 | 95383900.0000 | 60982900.0000 | 838400.0000 |
| 2024-06 | 137000000.0000 | 46572200.0000 | 31665000.0000 | 486900.0000 |
| 2024-09 | 205000000.0000 | 72791600.0000 | 47058900.0000 | -3795200.0000 |
| 2023-12 | 285000000.0000 | 79239200.0000 | 58979400.0000 | 1047900.0000 |
| 2024-03 | 56918300.0000 | 20728200.0000 | 14034900.0000 | -2810800.0000 |
| 2023-09 | 196000000.0000 | 52937200.0000 | 46378300.0000 | -8548700.0000 |
| 2023-03 | 57675400.0000 | 16295300.0000 | 13889400.0000 | -3856700.0000 |
| 2022-12 | 455000000.0000 | 84370200.0000 | 97878400.0000 | 1924400.0000 |
| 2023-06 | 125000000.0000 | 34234800.0000 | 32152400.0000 | 421700.0000 |
| 2022-09 | 373000000.0000 | 59013600.0000 | 58278300.0000 | -8874800.0000 |
| 2022-06 | 248000000.0000 | 41213800.0000 | 37330500.0000 | 266900.0000 |
| 2021-09 | 205000000.0000 | 58319800.0000 | 53226800.0000 | -7836200.0000 |
| 2022-03 | 124000000.0000 | 20105000.0000 | 18874400.0000 | -3127400.0000 |
| 2021-12 | 360000000.0000 | 84283000.0000 | 80382600.0000 | 876800.0000 |
| 2021-06 | 120000000.0000 | 36745800.0000 | 35433400.0000 | 295900.0000 |
| 2020-12 | 148000000.0000 | 31181300.0000 | 44560900.0000 | -7539800.0000 |
| 2021-03 | 42599500.0000 | 11849700.0000 | 14481900.0000 | -2126600.0000 |
| 2020-03 | 22492600.0000 | 4170100.0000 | 9914200.0000 | -2146100.0000 |
| 2020-09 | 96145900.0000 | 19004100.0000 | 30009000.0000 | -5832200.0000 |
| 2020-06 | 55190500.0000 | 10051300.0000 | 19432900.0000 | -3937900.0000 |
| 2019-09 | 127000000.0000 | 21859800.0000 | 33442800.0000 | -1652800.0000 |
| 2019-06 | 81267000.0000 | 11955900.0000 | 21416700.0000 | -712900.0000 |
| 2019-12 | 198000000.0000 | 43580700.0000 | 49807100.0000 | -2937200.0000 |
| 2018-12 | 348000000.0000 | 34586700.0000 | 46494600.0000 | -3410600.0000 |
| 2019-03 | 34348400.0000 | 6284700.0000 | 8917300.0000 | -205400.0000 |
| 2018-06 | 76493400.0000 | 10798900.0000 | 18786900.0000 | -2431200.0000 |
| 2018-03 | 25658000.0000 | 4140300.0000 | 7607600.0000 | -211500.0000 |
| 2018-09 | 204000000.0000 | 20302300.0000 | 29713800.0000 | -2995200.0000 |
| 2017-09 | 101000000.0000 | 15369800.0000 | 29587600.0000 | -3015000.0000 |
| 2017-12 | 140000000.0000 | 25487400.0000 | 38113400.0000 | -3052100.0000 |
| 2017-06 | 57825600.0000 | 9648600.0000 | 20133700.0000 | -1769600.0000 |
| 2017-03 | 24048500.0000 | 4396600.0000 | 8960800.0000 | -1044200.0000 |
| 2016-12 | 139000000.0000 | 21337400.0000 | 44174000.0000 | -1488400.0000 |
| 2016-09 | 101000000.0000 | 14867300.0000 | 34844700.0000 | -1184200.0000 |
| 2016-06 | 62364500.0000 | 9822300.0000 | 22999800.0000 | -924600.0000 |
| 2016-03 | 26801700.0000 | 5577900.0000 | 9702900.0000 | -613600.0000 |
| 2013-12 | 50814900.0000 | 7594100.0000 | 6280300.0000 | -311600.0000 |
| 2015-12 | 152000000.0000 | 23101800.0000 | 49815600.0000 | -942400.0000 |
| 2014-12 | 98860300.0000 | 13752200.0000 | 22984200.0000 | -878900.0000 |
| 2025-06 | 104000000.0000 | 29897500.0000 | 29008200.0000 | 218600.0000 |
| 2025-09 | -- | 42366800.0000 | -- | -- |