中商官网
研究报告
华发股份（600325）
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) |
| 2001 | 199000000.0000 | 58098600.0000 | 58114700.0000 | 49605100.0000 | 725000000.0000 | 391000000.0000 | 334000000.0000 |
| 2002 | 290000000.0000 | 66814500.0000 | 66663500.0000 | 56388100.0000 | 764000000.0000 | 373000000.0000 | 391000000.0000 |
| 2003 | 393000000.0000 | 66416900.0000 | 66452300.0000 | 56251100.0000 | 941000000.0000 | 481000000.0000 | 460000000.0000 |
| 2004 | 530000000.0000 | 100000000.0000 | 100000000.0000 | 84299500.0000 | 2315000000.0000 | 1264000000.0000 | 1051000000.0000 |
| 2005 | 714000000.0000 | 154000000.0000 | 158000000.0000 | 129000000.0000 | 3534000000.0000 | 2436000000.0000 | 1098000000.0000 |
| 2006 | 847000000.0000 | 176000000.0000 | 176000000.0000 | 148000000.0000 | 5508000000.0000 | 4311000000.0000 | 1197000000.0000 |
| 2007 | 2166000000.0000 | 434000000.0000 | 433000000.0000 | 355000000.0000 | 9527000000.0000 | 7238000000.0000 | 2290000000.0000 |
| 2008 | 3479000000.0000 | 767000000.0000 | 769000000.0000 | 645000000.0000 | 13529000000.0000 | 8725000000.0000 | 4804000000.0000 |
| 2009 | 4007000000.0000 | 860000000.0000 | 865000000.0000 | 688000000.0000 | 17464000000.0000 | 11936000000.0000 | 5529000000.0000 |
| 2010 | 5875000000.0000 | 1016000000.0000 | 1012000000.0000 | 766000000.0000 | 20326000000.0000 | 13777000000.0000 | 6549000000.0000 |
| 2011 | 5993000000.0000 | 1106000000.0000 | 1119000000.0000 | 778000000.0000 | 22540000000.0000 | 15589000000.0000 | 6952000000.0000 |
| 2012 | 4547000000.0000 | 842000000.0000 | 843000000.0000 | 587000000.0000 | 28964000000.0000 | 20217000000.0000 | 8748000000.0000 |
| 2013 | 7017000000.0000 | 850000000.0000 | 856000000.0000 | 548000000.0000 | 43728000000.0000 | 33665000000.0000 | 10063000000.0000 |
| 2014 | 7104000000.0000 | 845000000.0000 | 841000000.0000 | 629000000.0000 | 67431000000.0000 | 54445000000.0000 | 12986000000.0000 |
| 2015 | 8308000000.0000 | 939000000.0000 | 934000000.0000 | 658000000.0000 | 93467000000.0000 | 74432000000.0000 | 19035000000.0000 |
| 2016 | 13299000000.0000 | 1962000000.0000 | 1970000000.0000 | 1428000000.0000 | 113797000000.0000 | 90581000000.0000 | 23215000000.0000 |
| 2017 | 19948000000.0000 | 2537000000.0000 | 2503000000.0000 | 1774000000.0000 | 142290000000.0000 | 115811000000.0000 | 26479000000.0000 |
| 2018 | 23699000000.0000 | 3097000000.0000 | 3085000000.0000 | 2402000000.0000 | 182209000000.0000 | 150025000000.0000 | 32184000000.0000 |
| 2019 | 33149000000.0000 | 4356000000.0000 | 4394000000.0000 | 3314000000.0000 | 234931000000.0000 | 191538000000.0000 | 43392000000.0000 |
| 2020 | 51006000000.0000 | 6358000000.0000 | 6253000000.0000 | 4560000000.0000 | 321878000000.0000 | 258499000000.0000 | 63379000000.0000 |
| 2021 | 51241000000.0000 | 6962000000.0000 | 6829000000.0000 | 4677000000.0000 | 355057000000.0000 | 259166000000.0000 | 95892000000.0000 |
| 2022 | 60447000000.0000 | 6495000000.0000 | 6529000000.0000 | 4878000000.0000 | 403599000000.0000 | 294427000000.0000 | 109172000000.0000 |
| 2023 | 72145000000.0000 | 5807000000.0000 | 5873000000.0000 | 3465000000.0000 | 451699000000.0000 | 320000000000.0000 | 131700000000.0000 |
| 2024 | 60085000000.0000 | 1983000000.0000 | 1965000000.0000 | 1407000000.0000 | 420377000000.0000 | 295371000000.0000 | 125006000000.0000 |
| 2025 | 83426000000.0000 | -7466000000.0000 | -7470000000.0000 | -9745000000.0000 | -- | -- | -- |
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) |
| 2001 | 27.64 | 29.20 | 8.02 | 14.6400 | 0.3600 | -- | 0.27 |
| 2002 | 20.69 | 22.99 | 8.73 | 15.7900 | 0.3800 | -- | 0.38 |
| 2003 | 16.03 | 16.91 | 7.06 | 13.4300 | 0.3900 | -- | 0.42 |
| 2004 | 18.49 | 18.87 | 4.32 | 10.2000 | 0.3800 | -- | 0.23 |
| 2005 | 16.39 | 22.13 | 4.47 | 12.3800 | 0.2700 | -- | 0.20 |
| 2006 | 19.13 | 20.78 | 3.20 | 12.3700 | 0.2000 | 1565.22 | 0.15 |
| 2007 | 20.04 | 19.99 | 4.54 | 21.9800 | 0.3300 | 7200.00 | 0.23 |
| 2008 | 22.05 | 22.10 | 5.68 | 17.3600 | 0.2900 | 18000.00 | 0.26 |
| 2009 | 21.41 | 21.59 | 4.95 | 14.2200 | 0.2400 | 18000.00 | 0.23 |
| 2010 | 17.21 | 17.23 | 4.98 | 13.8500 | 0.3100 | 18000.00 | 0.29 |
| 2011 | 18.44 | 18.67 | 4.96 | 13.0300 | 0.2400 | 7200.00 | 0.27 |
| 2012 | 17.79 | 18.54 | 2.91 | 8.3800 | 0.1300 | 1440.00 | 0.16 |
| 2013 | 11.74 | 12.20 | 1.96 | 8.5800 | 0.1800 | 1285.71 | 0.16 |
| 2014 | 11.11 | 11.84 | 1.25 | 9.7300 | 0.1200 | 1894.74 | 0.11 |
| 2015 | 9.70 | 11.24 | 1.00 | 9.2900 | 0.1000 | 4500.00 | 0.09 |
| 2016 | 14.29 | 14.81 | 1.73 | 8.3000 | 0.1200 | 3600.00 | 0.12 |
| 2017 | 12.35 | 12.55 | 1.76 | 12.6500 | 0.1500 | 2250.00 | 0.14 |
| 2018 | 10.38 | 13.02 | 1.69 | 17.5000 | 0.1500 | 1894.74 | 0.13 |
| 2019 | 11.07 | 13.26 | 1.87 | 20.0900 | 0.1600 | 1384.62 | 0.14 |
| 2020 | 11.11 | 12.26 | 1.94 | 16.7800 | 0.2100 | 782.61 | 0.16 |
| 2021 | 12.38 | 13.33 | 1.92 | 17.8000 | 0.1800 | 241.61 | 0.14 |
| 2022 | 7.84 | 10.80 | 1.62 | 13.7400 | 0.2100 | 97.56 | 0.15 |
| 2023 | 6.19 | 8.14 | 1.30 | 9.6600 | 0.2300 | 67.67 | 0.16 |
| 2024 | 1.04 | 3.27 | 0.47 | 4.3900 | 0.2000 | 42.96 | 0.14 |
| 2025 | -7.11 | -8.95 | -- | -- | -- | -- | -- |
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 |
| 2001 | 53.93 | 46.07 | 1.6400 | 0.2800 |
| 2002 | 48.82 | 51.18 | 3.3400 | 0.3100 |
| 2003 | 51.12 | 48.88 | 2.6900 | 0.4400 |
| 2004 | 54.60 | 45.40 | 2.6200 | 0.6900 |
| 2005 | 68.93 | 31.07 | 2.2300 | 0.5600 |
| 2006 | 78.27 | 21.73 | 2.4900 | 0.7600 |
| 2007 | 75.97 | 24.04 | 1.7300 | 0.3700 |
| 2008 | 64.49 | 35.51 | 2.1300 | 0.3500 |
| 2009 | 68.35 | 31.66 | 2.5500 | 0.4400 |
| 2010 | 67.78 | 32.22 | 2.3600 | 0.5200 |
| 2011 | 69.16 | 30.84 | 2.2500 | 0.2800 |
| 2012 | 69.80 | 30.20 | 2.3900 | 0.3200 |
| 2013 | 76.99 | 23.01 | 2.2600 | 0.3400 |
| 2014 | 80.74 | 19.26 | 1.9200 | 0.2000 |
| 2015 | 79.63 | 20.37 | 2.5200 | 0.2700 |
| 2016 | 79.60 | 20.40 | 2.4800 | 0.3700 |
| 2017 | 81.39 | 18.61 | 2.1200 | 0.2000 |
| 2018 | 82.34 | 17.66 | 1.7000 | 0.2300 |
| 2019 | 81.53 | 18.47 | 1.6800 | 0.2300 |
| 2020 | 80.31 | 19.69 | 1.8800 | 0.2900 |
| 2021 | 72.99 | 27.01 | 2.0500 | 0.3400 |
| 2022 | 72.95 | 27.05 | 2.0200 | 0.3200 |
| 2023 | 70.84 | 29.16 | 1.9500 | 0.2500 |
| 2024 | 70.26 | 29.74 | 1.9900 | 0.2100 |
| 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) |
| 2001 | 144000000.0000 | 4184900.0000 | 17054300.0000 | -5724700.0000 |
| 2002 | 230000000.0000 | 9043200.0000 | 15510500.0000 | 2891700.0000 |
| 2003 | 330000000.0000 | 16311000.0000 | 12507000.0000 | 2749700.0000 |
| 2004 | 432000000.0000 | 21030500.0000 | 37379100.0000 | 4452300.0000 |
| 2005 | 597000000.0000 | 26728300.0000 | 48139400.0000 | 20213100.0000 |
| 2006 | 685000000.0000 | 46281200.0000 | 55898600.0000 | 5568200.0000 |
| 2007 | 1732000000.0000 | 78051900.0000 | 88500600.0000 | 2187100.0000 |
| 2008 | 2712000000.0000 | 108000000.0000 | 152000000.0000 | 8130300.0000 |
| 2009 | 3149000000.0000 | 103000000.0000 | 158000000.0000 | 46273500.0000 |
| 2010 | 4864000000.0000 | 127000000.0000 | 188000000.0000 | 55640600.0000 |
| 2011 | 4888000000.0000 | 163000000.0000 | 292000000.0000 | 50963200.0000 |
| 2012 | 3738000000.0000 | 166000000.0000 | 325000000.0000 | 107000000.0000 |
| 2013 | 6193000000.0000 | 188000000.0000 | 286000000.0000 | 114000000.0000 |
| 2014 | 6315000000.0000 | 241000000.0000 | 343000000.0000 | 126000000.0000 |
| 2015 | 7502000000.0000 | 307000000.0000 | 371000000.0000 | 105000000.0000 |
| 2016 | 11399000000.0000 | 490000000.0000 | 423000000.0000 | 251000000.0000 |
| 2017 | 17485000000.0000 | 537000000.0000 | 594000000.0000 | 251000000.0000 |
| 2018 | 21239000000.0000 | 916000000.0000 | 867000000.0000 | 647000000.0000 |
| 2019 | 29479000000.0000 | 1325000000.0000 | 1294000000.0000 | 449000000.0000 |
| 2020 | 45338000000.0000 | 1450000000.0000 | 1454000000.0000 | 589000000.0000 |
| 2021 | 44897000000.0000 | 1582000000.0000 | 1527000000.0000 | 722000000.0000 |
| 2022 | 55706000000.0000 | 1882000000.0000 | 1747000000.0000 | 631000000.0000 |
| 2023 | 67680000000.0000 | 2383000000.0000 | 1485000000.0000 | 706000000.0000 |
| 2024 | 59463000000.0000 | 1813000000.0000 | 1358000000.0000 | 776000000.0000 |
| 2025 | 89357000000.0000 | 1684000000.0000 | 1221000000.0000 | 1806000000.0000 |