中商官网
研究报告
联合化学（301209）
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 | 130000000.0000 | 0.78 | 18763200.0000 | 13.20 | 18706300.0000 | 14.56 | 16542200.0000 | 17.97 |
| 2024-09-30 | 393000000.0000 | 27.60 | 52070000.0000 | 94.37 | 49958300.0000 | 91.13 | 44083300.0000 | 82.76 |
| 2024-12-31 | 535000000.0000 | 25.00 | 66460500.0000 | 73.10 | 63596100.0000 | 68.84 | 56432100.0000 | 66.81 |
| 2024-03-31 | 129000000.0000 | 26.47 | 16574600.0000 | 54.50 | 16328900.0000 | 54.68 | 14022800.0000 | 46.99 |
| 2023-12-31 | 428000000.0000 | -21.03 | 38395100.0000 | -46.21 | 37667200.0000 | -46.84 | 33829800.0000 | -47.27 |
| 2023-09-30 | 308000000.0000 | -29.84 | 26789500.0000 | -54.30 | 26137900.0000 | -55.31 | 24120600.0000 | -53.49 |
| 2024-06-30 | 259000000.0000 | 32.14 | 33668000.0000 | 70.58 | 31606400.0000 | 64.62 | 27755100.0000 | 58.48 |
| 2022-12-31 | 542000000.0000 | -1.81 | 71383200.0000 | -6.89 | 70852700.0000 | -6.40 | 64154900.0000 | -4.55 |
| 2023-03-31 | 102000000.0000 | -40.00 | 10728000.0000 | -57.46 | 10556900.0000 | -57.89 | 9540100.0000 | -56.66 |
| 2023-06-30 | 196000000.0000 | -39.69 | 19737100.0000 | -59.99 | 19199100.0000 | -60.97 | 17513700.0000 | -57.87 |
| 2022-09-30 | 439000000.0000 | 11.99 | 58626100.0000 | 3.34 | 58481100.0000 | 4.74 | 51860000.0000 | 10.01 |
| 2022-03-31 | 170000000.0000 | -- | 25220400.0000 | -- | 25067800.0000 | -- | 22013800.0000 | -- |
| 2022-06-30 | 325000000.0000 | 22.64 | 49334700.0000 | 18.28 | 49189600.0000 | 20.44 | 41572400.0000 | 20.79 |
| 2021-12-31 | 552000000.0000 | 16.70 | 76663300.0000 | 12.12 | 75696700.0000 | 11.73 | 67213200.0000 | 13.51 |
| 2021-06-30 | 265000000.0000 | -- | 41710900.0000 | -- | 40841900.0000 | -- | 34417600.0000 | -- |
| 2021-09-30 | 392000000.0000 | 18.07 | 56730900.0000 | -- | 55835600.0000 | 4.80 | 47140000.0000 | 4.60 |
| 2020-12-31 | 473000000.0000 | 6.53 | 68376800.0000 | 54.01 | 67752100.0000 | 55.82 | 59211400.0000 | 54.66 |
| 2020-09-30 | 332000000.0000 | -- | -- | NaN | 53279100.0000 | -- | 45067700.0000 | -- |
| 2019-12-31 | 444000000.0000 | -3.06 | 44396800.0000 | 36.74 | 43481300.0000 | 34.94 | 38284000.0000 | 32.98 |
| 2018-12-31 | 458000000.0000 | -- | 32467400.0000 | -- | 32223800.0000 | -- | 28788600.0000 | -- |
| 2025-06-30 | 269000000.0000 | 3.86 | 37893200.0000 | 12.55 | 38028700.0000 | 20.32 | 33756700.0000 | 21.62 |
| 2025-09-30 | 388000000.0000 | -1.27 | 53524700.0000 | 2.79 | 53502200.0000 | 7.09 | 47414600.0000 | 7.56 |
| 2026-03-31 | 130000000.0000 | 0.00 | 6533500.0000 | -65.18 | 6316100.0000 | -66.24 | 4410000.0000 | -73.34 |
| 2025-12-31 | 512000000.0000 | -4.30 | 59549900.0000 | -10.40 | 59301800.0000 | -6.75 | 52582500.0000 | -6.82 |
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 | 13.85 | 14.39 | 2.15 | 2.2400 | 0.8400 | 5.37 | 0.15 |
| 2024-09 | 12.47 | 12.71 | 6.10 | 6.2400 | 2.8900 | 6.15 | 0.48 |
| 2024-12 | 11.78 | 11.89 | 7.28 | 7.9400 | 3.8000 | 6.11 | 0.61 |
| 2024-03 | 11.63 | 12.66 | 1.97 | 2.0200 | 0.9800 | 6.03 | 0.16 |
| 2023-12 | 7.94 | 8.80 | 4.64 | 4.9400 | 3.0500 | 5.52 | 0.53 |
| 2023-09 | 7.47 | 8.49 | 3.35 | 3.5500 | 2.2400 | 5.03 | 0.39 |
| 2024-06 | 12.36 | 12.20 | 3.82 | 3.9600 | 1.8600 | 5.78 | 0.31 |
| 2022-12 | 10.89 | 13.07 | 9.04 | 13.8600 | 3.4800 | 5.66 | 0.69 |
| 2023-03 | 8.18 | 10.35 | 1.37 | 1.4200 | 0.7300 | 5.16 | 0.13 |
| 2023-06 | 8.67 | 9.80 | 2.54 | 2.6000 | 1.4200 | 5.30 | 0.26 |
| 2022-09 | 12.53 | 13.32 | 7.26 | 12.2300 | 2.9700 | 5.91 | 0.54 |
| 2022-03 | 14.12 | 14.75 | -- | 6.1800 | -- | -- | -- |
| 2022-06 | 14.15 | 15.14 | 8.60 | 11.3600 | 2.0400 | 5.74 | 0.57 |
| 2021-12 | 12.86 | 13.71 | 15.32 | 21.5800 | 4.0600 | 5.48 | 1.12 |
| 2021-06 | 14.72 | 15.41 | 9.59 | 11.6600 | 2.1500 | 5.74 | 0.62 |
| 2021-09 | 13.27 | 14.24 | 12.69 | -- | -- | -- | 0.89 |
| 2020-12 | 13.95 | 14.32 | 16.94 | 24.8300 | 4.3800 | 5.40 | 1.18 |
| 2020-09 | 100.00 | 16.05 | -- | -- | -- | -- | -- |
| 2019-12 | 9.68 | 9.79 | 10.74 | 20.1300 | 4.5700 | 5.71 | 1.10 |
| 2018-12 | 6.77 | 7.04 | 8.83 | 17.2500 | 4.7000 | 6.60 | 1.25 |
| 2025-06 | 13.01 | 14.14 | 4.30 | 4.5200 | 1.7100 | 5.19 | 0.30 |
| 2025-09 | 12.89 | 13.79 | 5.53 | 6.2900 | 2.4300 | 5.58 | 0.40 |
| 2026-03 | 11.54 | 4.86 | -- | -- | -- | -- | -- |
| 2025-12 | 11.13 | 11.58 | -- | -- | -- | -- | -- |
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 | 14.04 | 85.85 | 6.4400 | 5.3100 |
| 2024-09 | 11.84 | 88.16 | 7.5700 | 6.3000 |
| 2024-12 | 16.49 | 83.51 | 5.4300 | 4.5100 |
| 2024-03 | 15.20 | 84.80 | 5.8100 | 4.8700 |
| 2023-12 | 15.17 | 84.83 | 5.8200 | 4.9200 |
| 2023-09 | 13.21 | 86.79 | 6.6900 | 5.6400 |
| 2024-06 | 14.73 | 85.27 | 6.0100 | 4.9800 |
| 2022-12 | 14.80 | 85.20 | 5.9300 | 4.6900 |
| 2023-03 | 11.72 | 88.28 | 7.5400 | 6.2900 |
| 2023-06 | 11.26 | 88.76 | 7.8300 | 6.5400 |
| 2022-09 | 18.73 | 81.27 | 4.6300 | 3.7900 |
| 2022-03 | -- | -- | -- | -- |
| 2022-06 | 32.17 | 67.66 | 2.4900 | 1.7200 |
| 2021-12 | 30.16 | 69.84 | 2.6100 | 1.7400 |
| 2021-06 | 26.53 | 73.47 | 2.8800 | 1.9200 |
| 2021-09 | 25.91 | 73.86 | -- | -- |
| 2020-12 | 30.50 | 69.50 | 2.4100 | 1.6100 |
| 2020-09 | -- | -- | -- | -- |
| 2019-12 | 48.40 | 51.60 | 1.5100 | 1.1200 |
| 2018-12 | 53.15 | 46.85 | 1.2600 | 0.8200 |
| 2025-06 | 15.37 | 84.63 | 5.8700 | 4.9000 |
| 2025-09 | 21.18 | 78.82 | 5.2400 | 4.2700 |
| 2026-03 | -- | -- | -- | -- |
| 2025-12 | -- | -- | -- | -- |
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 | 112000000.0000 | 924800.0000 | 2735700.0000 | -2197900.0000 |
| 2024-09 | 344000000.0000 | 4394800.0000 | 9598400.0000 | -6489300.0000 |
| 2024-12 | 472000000.0000 | 6315400.0000 | 14321300.0000 | -2930700.0000 |
| 2024-03 | 114000000.0000 | 1268000.0000 | 2733300.0000 | -2376100.0000 |
| 2023-12 | 394000000.0000 | 4734500.0000 | 12434100.0000 | -682700.0000 |
| 2023-09 | 285000000.0000 | 3335400.0000 | 8636600.0000 | -6462300.0000 |
| 2024-06 | 227000000.0000 | 2952800.0000 | 6359200.0000 | -590600.0000 |
| 2022-12 | 483000000.0000 | 4680500.0000 | 15342700.0000 | -2197500.0000 |
| 2023-03 | 93657800.0000 | 483900.0000 | 1815600.0000 | -720100.0000 |
| 2023-06 | 179000000.0000 | 1576100.0000 | 4993500.0000 | -330700.0000 |
| 2022-09 | 384000000.0000 | 3445500.0000 | 10024000.0000 | -7940000.0000 |
| 2022-03 | 146000000.0000 | 1119400.0000 | 1916400.0000 | 221600.0000 |
| 2022-06 | 279000000.0000 | 2319000.0000 | 4538900.0000 | -1464400.0000 |
| 2021-12 | 481000000.0000 | 3595900.0000 | 9843500.0000 | 1464100.0000 |
| 2021-06 | 226000000.0000 | 1596200.0000 | 4568500.0000 | 566700.0000 |
| 2021-09 | 340000000.0000 | 2331100.0000 | 7232700.0000 | 439500.0000 |
| 2020-12 | 407000000.0000 | 3338200.0000 | 10870100.0000 | 4888600.0000 |
| 2020-09 | -- | -- | -- | 2304200.0000 |
| 2019-12 | 401000000.0000 | 11444600.0000 | 11115300.0000 | 599000.0000 |
| 2018-12 | 427000000.0000 | 12303500.0000 | 9082800.0000 | 993600.0000 |
| 2025-06 | 234000000.0000 | 2571700.0000 | 7581000.0000 | -526500.0000 |
| 2025-09 | 338000000.0000 | 4480500.0000 | 11153800.0000 | -3627300.0000 |
| 2026-03 | 115000000.0000 | 973800.0000 | 2744100.0000 | 2012000.0000 |
| 2025-12 | 455000000.0000 | 6123100.0000 | 15913600.0000 | -2247200.0000 |