中商官网
研究报告
摘牌德鑫（430074）
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 （%) |
| 2019-12-31 | 558000000.0000 | 9.84 | 83026100.0000 | 18.90 | 83236700.0000 | 18.71 | 73691400.0000 | 22.10 |
| 2020-06-30 | 259000000.0000 | 12.61 | 25278900.0000 | -0.14 | 25407700.0000 | 0.00 | 23298800.0000 | 6.06 |
| 2018-12-31 | 508000000.0000 | 22.71 | 69825900.0000 | 18.30 | 70119800.0000 | 18.59 | 60352900.0000 | 18.95 |
| 2019-03-31 | 95306500.0000 | 17.90 | 6928000.0000 | 94.98 | 7018500.0000 | 28.27 | 5744700.0000 | 36.12 |
| 2019-06-30 | 230000000.0000 | 9.00 | 25313700.0000 | 67.22 | 25408100.0000 | 66.37 | 21967900.0000 | 73.82 |
| 2018-09-30 | 356000000.0000 | 94.54 | 48697300.0000 | 30.25 | 48677300.0000 | 30.11 | 41880400.0000 | 33.06 |
| 2017-12-31 | 414000000.0000 | 31.01 | 59024900.0000 | 45.89 | 59125600.0000 | 27.16 | 50736300.0000 | 27.58 |
| 2018-06-30 | 211000000.0000 | 93.58 | 15138400.0000 | 18.95 | 15271800.0000 | 19.72 | 12638600.0000 | 19.60 |
| 2018-03-31 | 80836100.0000 | 152.46 | 3553100.0000 | -586.86 | 5471800.0000 | 955.31 | 4220200.0000 | 884.42 |
| 2017-09-30 | 183000000.0000 | -- | 37387100.0000 | -- | 37412300.0000 | -- | 31475000.0000 | -- |
| 2017-06-30 | 109000000.0000 | -6.84 | 12727200.0000 | 32.16 | 12755900.0000 | 0.79 | 10567500.0000 | -1.55 |
| 2017-03-31 | 32019800.0000 | -- | -729800.0000 | -∞ | 518500.0000 | -- | 428700.0000 | -- |
| 2016-06-30 | 117000000.0000 | 54.20 | 9630000.0000 | 93.10 | 12655600.0000 | 12.54 | 10734000.0000 | 9.62 |
| 2016-12-31 | 316000000.0000 | 33.90 | 40458600.0000 | 26.10 | 46496300.0000 | 16.29 | 39769000.0000 | 15.57 |
| 2015-12-31 | 236000000.0000 | 34.86 | 32084400.0000 | 17.50 | 39984600.0000 | 6.22 | 34411600.0000 | 6.62 |
| 2014-12-31 | 175000000.0000 | 44.63 | 27305300.0000 | 59.36 | 37642800.0000 | 106.96 | 32274500.0000 | 109.86 |
| 2015-06-30 | 75873100.0000 | 48.91 | 4987100.0000 | 532.32 | 11245500.0000 | 30.92 | 9791900.0000 | 37.82 |
| 2014-06-30 | 50952200.0000 | 142.76 | 788700.0000 | 426.85 | 8589800.0000 | 2918.20 | 7105000.0000 | 2784.69 |
| 2013-12-31 | 121000000.0000 | 40.70 | 17134500.0000 | -15.86 | 18188300.0000 | -30.57 | 15379300.0000 | -32.21 |
| 2012-06-30 | 44488500.0000 | 190.98 | 15815800.0000 | 391.60 | 18152700.0000 | 426.42 | 15594900.0000 | 432.05 |
| 2012-12-31 | 85998900.0000 | 45.86 | 20365200.0000 | 0.02 | 26195400.0000 | 22.45 | 22688200.0000 | 25.50 |
| 2013-06-30 | 20989000.0000 | -52.82 | 149700.0000 | -99.05 | 284600.0000 | -98.43 | 246300.0000 | -98.42 |
| 2011-06-30 | 15289400.0000 | 63.25 | 3217200.0000 | 138.90 | 3448300.0000 | 154.47 | 2931100.0000 | 149.43 |
| 2010-12-31 | 27904900.0000 | 58.39 | 6021200.0000 | 29.50 | 7154100.0000 | 41.55 | 6067000.0000 | 29.94 |
| 2011-12-31 | 58959600.0000 | 111.29 | 20361900.0000 | 238.17 | 21392300.0000 | 199.02 | 18078800.0000 | 197.99 |
| 2009-12-31 | 17617300.0000 | 93.51 | 4649600.0000 | 234.34 | 5054200.0000 | 264.58 | 4669200.0000 | 282.44 |
| 2008-12-31 | 9103900.0000 | -- | 1390700.0000 | -- | 1386300.0000 | -- | 1220900.0000 | -- |
| 2010-06-30 | 9365900.0000 | -- | 1346700.0000 | -- | 1355100.0000 | -- | 1175100.0000 | -- |
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) |
| 2019-12 | 14.16 | 14.92 | 6.83 | -- | 1.3400 | 9.34 | 0.46 |
| 2020-06 | 8.49 | 9.81 | 1.95 | 3.0300 | 0.6900 | 7.67 | 0.20 |
| 2018-12 | 12.20 | 13.80 | 7.83 | 12.8800 | 1.3600 | -- | 0.57 |
| 2019-03 | 6.57 | 7.36 | 0.79 | 1.1300 | 0.2400 | 5.10 | 0.11 |
| 2019-06 | 10.43 | 11.05 | 2.73 | 4.2600 | 0.5700 | 7.75 | 0.25 |
| 2018-09 | 12.64 | 13.67 | 6.01 | -- | 0.9400 | -- | 0.44 |
| 2017-12 | 12.80 | 14.28 | 8.14 | -- | 1.4400 | 5.23 | 0.57 |
| 2018-06 | 6.16 | 7.24 | 2.03 | 2.9700 | 0.6700 | -- | 0.28 |
| 2018-03 | 4.40 | 6.77 | 0.71 | -- | 0.2700 | 4.65 | 0.11 |
| 2017-09 | 19.13 | 20.44 | 6.12 | -- | 0.6100 | 2.99 | 0.30 |
| 2017-06 | 10.39 | 11.70 | 2.45 | -- | 0.4400 | 3.43 | 0.21 |
| 2017-03 | -2.28 | 1.62 | -- | -- | -- | -- | -- |
| 2016-06 | 7.69 | 10.82 | 2.98 | -- | 0.7300 | 3.53 | 0.28 |
| 2016-12 | 12.66 | 14.71 | 9.39 | -- | 1.6600 | 4.41 | 0.64 |
| 2015-12 | 13.56 | 16.94 | 9.43 | -- | 1.7100 | 4.12 | 0.56 |
| 2014-12 | 15.43 | 21.51 | 13.59 | -- | 1.7800 | 3.12 | 0.63 |
| 2015-06 | 6.57 | 14.82 | 3.12 | -- | 0.6500 | 2.89 | 0.21 |
| 2014-06 | 1.55 | 16.86 | 3.05 | -- | 0.7300 | 1.64 | 0.18 |
| 2013-12 | 14.05 | 15.03 | 9.62 | -- | 1.7300 | 2.22 | 0.64 |
| 2012-06 | 35.55 | 40.80 | 18.15 | -- | 0.7000 | 2.24 | 0.44 |
| 2012-12 | 23.68 | 30.46 | 18.58 | -- | 1.2800 | 2.12 | 0.61 |
| 2013-06 | 0.71 | 1.36 | 0.17 | -- | 0.3200 | 0.85 | 0.13 |
| 2011-06 | 21.04 | 22.55 | 6.25 | -- | 0.7000 | 1.53 | 0.28 |
| 2010-12 | 21.58 | 25.64 | 18.46 | -- | 2.4700 | 2.29 | 0.72 |
| 2011-12 | 34.54 | 36.28 | 24.11 | -- | 1.1900 | 2.31 | 0.66 |
| 2009-12 | 26.39 | 28.69 | 30.19 | -- | 1.6200 | 4.21 | 1.05 |
| 2008-12 | 15.28 | 15.23 | 8.54 | -- | 0.4700 | 4.19 | 0.56 |
| 2010-06 | 14.38 | 14.47 | 3.91 | -- | 1.5500 | 2.35 | 0.27 |
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 |
| 2019-12 | 37.49 | 62.51 | 2.4800 | 0.8900 |
| 2020-06 | 39.75 | 60.25 | 2.3300 | 0.8000 |
| 2018-12 | 43.13 | 56.87 | 2.1300 | 0.6400 |
| 2019-03 | 42.12 | 58.00 | 2.1700 | 0.6000 |
| 2019-06 | 43.03 | 56.97 | 2.1100 | 0.6000 |
| 2018-09 | 39.38 | 60.49 | 2.2700 | 0.6000 |
| 2017-12 | 38.29 | 61.71 | 2.1200 | 0.7300 |
| 2018-06 | 38.78 | 61.22 | 2.3100 | 0.4900 |
| 2018-03 | 41.09 | 58.91 | 2.1800 | 0.6200 |
| 2017-09 | 29.79 | 70.21 | 2.7300 | 0.6700 |
| 2017-06 | 21.50 | 78.50 | 3.6700 | 0.7700 |
| 2017-03 | -- | -- | -- | -- |
| 2016-06 | 12.91 | 87.03 | 6.0800 | 2.1100 |
| 2016-12 | 19.60 | 80.40 | 4.0200 | 1.5500 |
| 2015-12 | 15.67 | 84.43 | 5.1900 | 2.8500 |
| 2014-12 | 12.06 | 87.73 | 7.4400 | 4.3200 |
| 2015-06 | 7.68 | 92.24 | 11.0100 | 4.9200 |
| 2014-06 | 28.92 | 71.28 | 3.1100 | 2.1100 |
| 2013-12 | 51.96 | 47.99 | 1.6600 | 1.0600 |
| 2012-06 | 34.84 | 65.48 | 2.6500 | 1.7500 |
| 2012-12 | 48.11 | 51.83 | 3.1600 | 2.1500 |
| 2013-06 | 57.54 | 42.22 | 1.9300 | 1.0000 |
| 2011-06 | 31.66 | 68.34 | 2.7300 | 1.4300 |
| 2010-12 | 13.59 | 86.41 | 4.7100 | 2.8700 |
| 2011-12 | 42.53 | 57.47 | 2.2100 | 1.2400 |
| 2009-12 | 29.77 | 70.23 | 2.3800 | 1.5900 |
| 2008-12 | 58.18 | 41.82 | 1.3100 | 0.3500 |
| 2010-06 | 15.57 | 84.43 | 5.4300 | 4.3900 |
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) |
| 2019-12 | 479000000.0000 | 10475900.0000 | 18012400.0000 | 11001100.0000 |
| 2020-06 | 237000000.0000 | 3465300.0000 | 7275500.0000 | 5211000.0000 |
| 2018-12 | 446000000.0000 | 11535500.0000 | 13243700.0000 | 9160300.0000 |
| 2019-03 | 89046400.0000 | 2832900.0000 | 2551900.0000 | 2838300.0000 |
| 2019-06 | 206000000.0000 | 4896500.0000 | 6634100.0000 | 5228000.0000 |
| 2018-09 | 311000000.0000 | 7888900.0000 | 9709900.0000 | 6578700.0000 |
| 2017-12 | 361000000.0000 | 9262400.0000 | 16391500.0000 | 5593300.0000 |
| 2018-06 | 198000000.0000 | 4674300.0000 | 6397700.0000 | 4843900.0000 |
| 2018-03 | 77283200.0000 | 2580100.0000 | 5343400.0000 | 3499700.0000 |
| 2017-09 | 148000000.0000 | 6917600.0000 | 10549100.0000 | 3160200.0000 |
| 2017-06 | 97675500.0000 | 5115900.0000 | 7714400.0000 | 1532400.0000 |
| 2017-03 | 32749600.0000 | 2788500.0000 | 3547800.0000 | 211000.0000 |
| 2016-06 | 108000000.0000 | 5099700.0000 | 9459600.0000 | -559900.0000 |
| 2016-12 | 276000000.0000 | 9459400.0000 | 32649400.0000 | 145000.0000 |
| 2015-12 | 204000000.0000 | 8182200.0000 | 25878300.0000 | 46000.0000 |
| 2014-12 | 148000000.0000 | 7385900.0000 | 18871500.0000 | 3388100.0000 |
| 2015-06 | 70885900.0000 | 3802100.0000 | 11678700.0000 | 46000.0000 |
| 2014-06 | 50163500.0000 | 3622500.0000 | 4926400.0000 | 2078900.0000 |
| 2013-12 | 104000000.0000 | 6208200.0000 | 15285700.0000 | 5972400.0000 |
| 2012-06 | 28672600.0000 | 3421000.0000 | 3497500.0000 | 1096800.0000 |
| 2012-12 | 65633700.0000 | 8163800.0000 | 13005100.0000 | 2364900.0000 |
| 2013-06 | 20839300.0000 | 3016200.0000 | 3126300.0000 | 2210600.0000 |
| 2011-06 | 12072200.0000 | 2288400.0000 | 1278000.0000 | 240900.0000 |
| 2010-12 | 21883700.0000 | 2642400.0000 | 3522000.0000 | 9100.0000 |
| 2011-12 | 38597700.0000 | 5691300.0000 | 5884800.0000 | 1581400.0000 |
| 2009-12 | 12967700.0000 | 1352500.0000 | 1828500.0000 | 73200.0000 |
| 2008-12 | 7713200.0000 | 1637200.0000 | 2078200.0000 | 47700.0000 |
| 2010-06 | 8019200.0000 | 1118000.0000 | 1289400.0000 | -66.0000 |