中商官网
研究报告
熊猫乳品（300898）
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) |
| 2012 | 574000000.0000 | -296500.0000 | 248400.0000 | -574400.0000 | 220000000.0000 | 189000000.0000 | 30710200.0000 |
| 2013 | 426000000.0000 | 7008300.0000 | 8191100.0000 | 5785400.0000 | 215000000.0000 | 139000000.0000 | 76411900.0000 |
| 2014 | 382000000.0000 | 11210300.0000 | 14738100.0000 | 13214400.0000 | 182000000.0000 | 112000000.0000 | 69967600.0000 |
| 2015 | 366000000.0000 | 83423900.0000 | 87978900.0000 | 74320200.0000 | 245000000.0000 | 106000000.0000 | 139000000.0000 |
| 2016 | 409000000.0000 | 96511600.0000 | 102000000.0000 | 85399800.0000 | 429000000.0000 | 58514200.0000 | 370000000.0000 |
| 2017 | 534000000.0000 | 102000000.0000 | 101000000.0000 | 87960800.0000 | 492000000.0000 | 86139400.0000 | 405000000.0000 |
| 2018 | 602000000.0000 | 109000000.0000 | 109000000.0000 | 96483400.0000 | 548000000.0000 | 73811400.0000 | 474000000.0000 |
| 2019 | 604000000.0000 | 79158600.0000 | 78341700.0000 | 67645400.0000 | 592000000.0000 | 81658400.0000 | 510000000.0000 |
| 2020 | 684000000.0000 | 79193600.0000 | 96372800.0000 | 83199100.0000 | 984000000.0000 | 204000000.0000 | 780000000.0000 |
| 2021 | 857000000.0000 | 95799900.0000 | 95796700.0000 | 81214300.0000 | 1066000000.0000 | 224000000.0000 | 843000000.0000 |
| 2022 | 892000000.0000 | 61502800.0000 | 61302600.0000 | 55149300.0000 | 1079000000.0000 | 204000000.0000 | 875000000.0000 |
| 2023 | 947000000.0000 | 123000000.0000 | 123000000.0000 | 106000000.0000 | 1146000000.0000 | 197000000.0000 | 949000000.0000 |
| 2024 | 764000000.0000 | 122000000.0000 | 121000000.0000 | 102000000.0000 | 1092000000.0000 | 98247600.0000 | 994000000.0000 |
| 2025 | -- | 122000000.0000 | -- | 103000000.0000 | -- | -- | -- |
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) |
| 2012 | 0.00 | 0.04 | 0.11 | -0.3400 | 28.2500 | 8.89 | 2.61 |
| 2013 | 1.64 | 1.92 | 3.81 | 7.7300 | 15.0400 | 9.51 | 1.98 |
| 2014 | 2.88 | 3.86 | 8.10 | 23.8300 | 8.3600 | 24.34 | 2.10 |
| 2015 | 22.68 | 24.04 | 35.91 | 65.9500 | 5.0600 | -- | 1.49 |
| 2016 | 23.72 | 24.94 | 23.78 | 46.4000 | 4.7800 | 27.07 | 0.95 |
| 2017 | 17.23 | 18.91 | 20.53 | 22.8500 | 5.3000 | 28.30 | 1.09 |
| 2018 | 17.11 | 18.11 | 19.89 | 21.7400 | 5.8900 | 20.54 | 1.10 |
| 2019 | 12.09 | 12.97 | 13.23 | 14.2200 | 7.0700 | 16.77 | 1.02 |
| 2020 | 10.09 | 14.09 | 9.79 | 15.0200 | 6.1200 | 20.65 | 0.70 |
| 2021 | 9.92 | 11.18 | 8.99 | 9.7000 | 5.5300 | 29.48 | 0.80 |
| 2022 | 5.83 | 6.87 | 5.68 | 6.3500 | 4.6400 | 26.65 | 0.83 |
| 2023 | 10.56 | 12.99 | 10.73 | 12.1300 | 4.8500 | 25.28 | 0.83 |
| 2024 | 13.87 | 15.84 | 11.08 | 10.6900 | 4.9200 | 26.35 | 0.70 |
| 2025 | -- | -- | -- | -- | -- | -- | -- |
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 |
| 2012 | 85.91 | 13.96 | 0.8900 | 0.6000 |
| 2013 | 64.65 | 35.54 | 1.0300 | 0.6000 |
| 2014 | 61.54 | 38.44 | 1.0400 | 0.3400 |
| 2015 | 43.27 | 56.73 | 1.7500 | 0.6700 |
| 2016 | 13.64 | 86.25 | 6.3000 | 3.3200 |
| 2017 | 17.51 | 82.32 | 2.9800 | 1.0400 |
| 2018 | 13.47 | 86.50 | 3.8000 | 1.2000 |
| 2019 | 13.79 | 86.15 | 4.1000 | 2.4400 |
| 2020 | 20.73 | 79.27 | 3.5000 | 2.5200 |
| 2021 | 21.01 | 79.08 | 3.3300 | 2.3400 |
| 2022 | 18.91 | 81.09 | 3.6100 | 2.0200 |
| 2023 | 17.19 | 82.81 | 4.4800 | 3.5600 |
| 2024 | 9.00 | 91.03 | 8.0200 | 5.9900 |
| 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) |
| 2012 | 574000000.0000 | 23270800.0000 | 16999200.0000 | 7066800.0000 |
| 2013 | 419000000.0000 | 20857800.0000 | 19790700.0000 | 5729300.0000 |
| 2014 | 371000000.0000 | 23255000.0000 | 21929300.0000 | 8633700.0000 |
| 2015 | 283000000.0000 | 16860600.0000 | 19233600.0000 | 6836100.0000 |
| 2016 | 312000000.0000 | 19708000.0000 | 22843800.0000 | 1059100.0000 |
| 2017 | 442000000.0000 | 25785100.0000 | 24997200.0000 | 1356700.0000 |
| 2018 | 499000000.0000 | 44045900.0000 | 27926400.0000 | 1331000.0000 |
| 2019 | 531000000.0000 | 53715000.0000 | 28508900.0000 | 732100.0000 |
| 2020 | 615000000.0000 | 48230600.0000 | 31156000.0000 | 1978300.0000 |
| 2021 | 772000000.0000 | 55479600.0000 | 35483300.0000 | 2303900.0000 |
| 2022 | 840000000.0000 | 54405100.0000 | 37666000.0000 | 3325300.0000 |
| 2023 | 847000000.0000 | 41726300.0000 | 44992600.0000 | 2847200.0000 |
| 2024 | 658000000.0000 | 37069700.0000 | 44150900.0000 | -327100.0000 |
| 2025 | -- | -- | -- | -- |