中商官网
研究报告
敷尔佳（301371）
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 | 301000000.0000 | -26.41 | 122000000.0000 | -39.30 | 122000000.0000 | -39.60 | 91384300.0000 | -39.88 |
| 2024-06-30 | 940000000.0000 | 8.17 | 453000000.0000 | -3.82 | 454000000.0000 | -3.61 | 340000000.0000 | -3.95 |
| 2024-09-30 | 1466000000.0000 | 9.48 | 686000000.0000 | -4.19 | 688000000.0000 | -3.78 | 514000000.0000 | -4.10 |
| 2024-12-31 | 2017000000.0000 | 4.29 | 909000000.0000 | -9.19 | 911000000.0000 | -9.26 | 661000000.0000 | -11.75 |
| 2023-09-30 | 1339000000.0000 | 1.83 | 716000000.0000 | -16.84 | 715000000.0000 | -17.34 | 536000000.0000 | -17.41 |
| 2023-12-31 | 1934000000.0000 | 9.33 | 1001000000.0000 | -11.57 | 1004000000.0000 | -11.54 | 749000000.0000 | -11.57 |
| 2024-03-31 | 409000000.0000 | 9.65 | 201000000.0000 | -5.19 | 202000000.0000 | -4.72 | 152000000.0000 | -4.40 |
| 2023-03-31 | 373000000.0000 | 5.37 | 212000000.0000 | 0.00 | 212000000.0000 | -1.40 | 159000000.0000 | -1.85 |
| 2023-06-30 | 869000000.0000 | 6.36 | 471000000.0000 | -0.42 | 471000000.0000 | -1.05 | 354000000.0000 | -0.84 |
| 2022-12-31 | 1769000000.0000 | 7.21 | 1132000000.0000 | 5.60 | 1135000000.0000 | 4.90 | 847000000.0000 | 5.09 |
| 2022-06-30 | 817000000.0000 | 2.90 | 473000000.0000 | -0.21 | 476000000.0000 | 0.42 | 357000000.0000 | 1.42 |
| 2022-09-30 | 1315000000.0000 | 11.63 | 861000000.0000 | 10.95 | 865000000.0000 | 10.90 | 649000000.0000 | 10.94 |
| 2022-03-31 | 354000000.0000 | 2.02 | 212000000.0000 | -8.23 | 215000000.0000 | -6.93 | 162000000.0000 | -6.36 |
| 2021-06-30 | 794000000.0000 | -- | 474000000.0000 | -- | 474000000.0000 | -- | 352000000.0000 | -- |
| 2021-12-31 | 1650000000.0000 | 4.10 | 1072000000.0000 | 17.29 | 1082000000.0000 | 18.64 | 806000000.0000 | 24.38 |
| 2021-09-30 | 1178000000.0000 | -- | 776000000.0000 | -- | 780000000.0000 | -- | 585000000.0000 | -- |
| 2020-12-31 | 1585000000.0000 | 18.11 | 914000000.0000 | 2.70 | 912000000.0000 | 2.47 | 648000000.0000 | -1.97 |
| 2021-03-31 | 347000000.0000 | -- | 231000000.0000 | -- | 231000000.0000 | -- | 173000000.0000 | -- |
| 2018-12-31 | 373000000.0000 | -- | 260000000.0000 | -- | 260000000.0000 | -- | 200000000.0000 | -- |
| 2019-12-31 | 1342000000.0000 | 259.79 | 890000000.0000 | 242.31 | 890000000.0000 | 242.31 | 661000000.0000 | 230.50 |
| 2025-06-30 | 863000000.0000 | -8.19 | 305000000.0000 | -32.67 | 306000000.0000 | -32.60 | 230000000.0000 | -32.35 |
| 2025-09-30 | 1297000000.0000 | -11.53 | 430000000.0000 | -37.32 | 431000000.0000 | -37.35 | 325000000.0000 | -36.77 |
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 | 20.93 | 40.53 | 2.05 | 1.6000 | 0.2900 | 173.08 | 0.05 |
| 2024-06 | 45.96 | 48.30 | 7.76 | 6.1100 | 1.3400 | 195.65 | 0.16 |
| 2024-09 | 44.68 | 46.93 | 11.60 | 9.0800 | 2.0100 | 208.09 | 0.25 |
| 2024-12 | 41.40 | 45.17 | 14.97 | 10.7200 | 2.6000 | 174.76 | 0.33 |
| 2023-09 | 52.20 | 53.40 | 12.64 | 13.1300 | 1.9700 | 339.62 | 0.24 |
| 2023-12 | 50.47 | 51.91 | 17.05 | 18.6500 | 2.7600 | 151.26 | 0.33 |
| 2024-03 | 45.97 | 49.39 | 3.35 | 2.6700 | 0.5700 | 163.64 | 0.07 |
| 2023-03 | 53.35 | 56.84 | 6.69 | 5.5700 | 0.5300 | 400.00 | 0.12 |
| 2023-06 | 52.59 | 54.20 | 13.82 | 11.9600 | 1.3700 | 268.66 | 0.26 |
| 2022-12 | 58.00 | 64.16 | 37.51 | 35.9500 | 2.6700 | 184.62 | 0.58 |
| 2022-06 | 57.16 | 58.26 | 18.75 | 16.9300 | -- | -- | 0.32 |
| 2022-09 | 57.79 | 65.78 | -- | -- | -- | -- | -- |
| 2022-03 | 59.04 | 60.73 | 9.47 | 8.0300 | -- | -- | 0.16 |
| 2021-06 | 100.00 | 59.70 | -- | -- | -- | -- | -- |
| 2021-12 | 62.79 | 65.58 | 51.67 | 56.1500 | 3.5200 | 262.77 | 0.79 |
| 2021-09 | 63.07 | 66.21 | 42.14 | 45.2400 | 3.4000 | 473.68 | 0.64 |
| 2020-12 | 55.46 | 57.54 | 85.63 | 75.7100 | 6.6100 | 4000.00 | 1.49 |
| 2021-03 | 64.55 | 66.57 | 16.23 | 26.8800 | 1.0000 | 1636.36 | 0.24 |
| 2018-12 | 69.17 | 69.71 | 95.24 | 188.2500 | 13.5100 | -- | 1.37 |
| 2019-12 | 65.80 | 66.32 | 91.28 | 135.7400 | 12.7700 | 76595.74 | 1.38 |
| 2025-06 | 25.49 | 35.46 | 5.37 | 4.0200 | 1.0200 | 73.17 | 0.15 |
| 2025-09 | 25.83 | 33.23 | -- | -- | -- | -- | -- |
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 | 3.54 | 96.46 | 20.4800 | 18.3300 |
| 2024-06 | 5.25 | 94.75 | 12.1600 | 11.0700 |
| 2024-09 | 3.63 | 96.37 | 18.6200 | 15.9200 |
| 2024-12 | 6.94 | 93.05 | 9.3100 | 8.5100 |
| 2023-09 | 4.75 | 95.25 | 12.6000 | 11.7500 |
| 2023-12 | 4.89 | 95.11 | 13.0000 | 12.4700 |
| 2024-03 | 4.47 | 95.53 | 15.2200 | 13.9500 |
| 2023-03 | 7.32 | 92.72 | 8.2500 | 7.3300 |
| 2023-06 | 8.01 | 91.99 | 7.6700 | 6.9700 |
| 2022-12 | 8.13 | 91.87 | 6.9600 | 6.1000 |
| 2022-06 | 9.77 | 90.19 | -- | -- |
| 2022-09 | -- | -- | -- | -- |
| 2022-03 | 7.75 | 92.25 | -- | -- |
| 2021-06 | -- | -- | -- | -- |
| 2021-12 | 7.69 | 92.31 | 8.1500 | 4.7100 |
| 2021-09 | 7.51 | 92.49 | 8.3700 | 7.6800 |
| 2020-12 | 47.70 | 52.30 | 2.0400 | 1.2600 |
| 2021-03 | 8.64 | 91.36 | 6.7600 | 5.7800 |
| 2018-12 | 23.72 | 76.19 | 4.1500 | 1.5300 |
| 2019-12 | 22.46 | 77.44 | 4.1500 | 2.5500 |
| 2025-06 | 3.63 | 96.37 | 10.2200 | 8.9100 |
| 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 | 238000000.0000 | 159000000.0000 | 22246300.0000 | -9294600.0000 |
| 2024-06 | 508000000.0000 | 301000000.0000 | 45077700.0000 | 237400.0000 |
| 2024-09 | 811000000.0000 | 492000000.0000 | 63127100.0000 | -68540800.0000 |
| 2024-12 | 1182000000.0000 | 748000000.0000 | 86171000.0000 | 531700.0000 |
| 2023-09 | 640000000.0000 | 355000000.0000 | 63830600.0000 | -49432000.0000 |
| 2023-12 | 958000000.0000 | 532000000.0000 | 90222400.0000 | 6100.0000 |
| 2024-03 | 221000000.0000 | 133000000.0000 | 21911100.0000 | -25464900.0000 |
| 2023-03 | 174000000.0000 | 87125900.0000 | 22465700.0000 | -10293200.0000 |
| 2023-06 | 412000000.0000 | 221000000.0000 | 43442500.0000 | 6100.0000 |
| 2022-12 | 743000000.0000 | 390000000.0000 | 47551700.0000 | 177100.0000 |
| 2022-06 | 350000000.0000 | 184000000.0000 | 20559500.0000 | 116900.0000 |
| 2022-09 | 555000000.0000 | 290000000.0000 | 31013500.0000 | -17160600.0000 |
| 2022-03 | 145000000.0000 | 70297800.0000 | 10406100.0000 | 65800.0000 |
| 2021-06 | -- | -- | -- | -- |
| 2021-12 | 614000000.0000 | 264000000.0000 | 41764100.0000 | 322500.0000 |
| 2021-09 | 435000000.0000 | 170000000.0000 | 27528600.0000 | 238800.0000 |
| 2020-12 | 706000000.0000 | 265000000.0000 | 66873500.0000 | -8779300.0000 |
| 2021-03 | 123000000.0000 | 33688400.0000 | 6916000.0000 | 47100.0000 |
| 2018-12 | 115000000.0000 | 21370300.0000 | 2277200.0000 | -78200.0000 |
| 2019-12 | 459000000.0000 | 115000000.0000 | 7333600.0000 | -591700.0000 |
| 2025-06 | 643000000.0000 | 420000000.0000 | 47194300.0000 | 261400.0000 |
| 2025-09 | 962000000.0000 | 621000000.0000 | 70586500.0000 | -27762800.0000 |