中商官网
研究报告
苏能股份（600925）
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 | 3151000000.0000 | -3.96 | 353000000.0000 | -47.39 | 353000000.0000 | -47.31 | 259000000.0000 | -47.57 |
| 2024-12-31 | 14182000000.0000 | 17.90 | 2455000000.0000 | -25.31 | 2333000000.0000 | -29.28 | 1628000000.0000 | -37.98 |
| 2024-09-30 | 10422000000.0000 | 20.67 | 1967000000.0000 | -22.95 | 1952000000.0000 | -23.12 | 1441000000.0000 | -30.52 |
| 2024-03-31 | 3281000000.0000 | -2.38 | 671000000.0000 | -41.50 | 670000000.0000 | -41.23 | 494000000.0000 | -46.07 |
| 2024-06-30 | 6728000000.0000 | 7.05 | 1374000000.0000 | -30.25 | 1365000000.0000 | -30.53 | 1063000000.0000 | -33.48 |
| 2023-09-30 | 8637000000.0000 | -22.09 | 2553000000.0000 | -24.42 | 2539000000.0000 | -24.48 | 2074000000.0000 | -22.93 |
| 2023-12-31 | 12029000000.0000 | -20.55 | 3287000000.0000 | -15.46 | 3299000000.0000 | -14.75 | 2625000000.0000 | -12.65 |
| 2023-03-31 | 3361000000.0000 | -5.96 | 1147000000.0000 | 5.91 | 1140000000.0000 | 7.34 | 916000000.0000 | 5.29 |
| 2023-06-30 | 6285000000.0000 | -14.63 | 1970000000.0000 | -13.25 | 1965000000.0000 | -12.51 | 1598000000.0000 | -11.91 |
| 2022-09-30 | 11086000000.0000 | 32.94 | 3378000000.0000 | 112.45 | 3362000000.0000 | 112.92 | 2691000000.0000 | 105.42 |
| 2022-06-30 | 7362000000.0000 | -- | 2271000000.0000 | -- | 2246000000.0000 | -- | 1814000000.0000 | -- |
| 2022-12-31 | 15140000000.0000 | 29.65 | 3888000000.0000 | 50.12 | 3870000000.0000 | 49.36 | 3005000000.0000 | 39.57 |
| 2022-03-31 | 3574000000.0000 | 41.21 | 1083000000.0000 | 182.03 | 1062000000.0000 | 177.28 | 870000000.0000 | 191.95 |
| 2021-12-31 | 11678000000.0000 | 16.36 | 2590000000.0000 | 13.20 | 2591000000.0000 | 14.39 | 2153000000.0000 | 13.55 |
| 2021-03-31 | 2531000000.0000 | -- | 384000000.0000 | -- | 383000000.0000 | -- | 298000000.0000 | -- |
| 2021-09-30 | 8339000000.0000 | -- | 1590000000.0000 | -- | 1579000000.0000 | -- | 1310000000.0000 | -- |
| 2020-12-31 | 10036000000.0000 | -10.99 | 2288000000.0000 | -12.20 | 2265000000.0000 | -13.05 | 1896000000.0000 | -10.69 |
| 2019-12-31 | 11275000000.0000 | -2.30 | 2606000000.0000 | 10.47 | 2605000000.0000 | 12.19 | 2123000000.0000 | 16.39 |
| 2018-12-31 | 11541000000.0000 | -- | 2359000000.0000 | -- | 2322000000.0000 | -- | 1824000000.0000 | -- |
| 2025-06-30 | 5573000000.0000 | -17.17 | 392000000.0000 | -71.47 | 381000000.0000 | -72.09 | 199000000.0000 | -81.28 |
| 2025-09-30 | 8760000000.0000 | -15.95 | 662000000.0000 | -66.34 | 642000000.0000 | -67.11 | 360000000.0000 | -75.02 |
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 | 10.82 | 11.20 | 0.89 | 1.2600 | 3.9900 | 14.14 | 0.08 |
| 2024-12 | 16.69 | 16.45 | 5.95 | 8.6700 | 15.1500 | 18.52 | 0.36 |
| 2024-09 | 18.48 | 18.73 | 4.98 | 7.8300 | 10.6300 | 17.54 | 0.27 |
| 2024-03 | 19.81 | 20.42 | 1.74 | 2.7600 | 3.0700 | 15.52 | 0.09 |
| 2024-06 | 20.04 | 20.29 | 3.52 | 5.8300 | 6.4100 | 18.69 | 0.17 |
| 2023-09 | 28.63 | 29.40 | 7.07 | 13.5200 | 7.6800 | 23.76 | 0.24 |
| 2023-12 | 26.48 | 27.43 | 8.71 | 16.7500 | 9.5100 | 18.60 | 0.32 |
| 2023-03 | 32.79 | 33.92 | 3.07 | 7.5600 | 2.4000 | 25.07 | 0.09 |
| 2023-06 | 30.28 | 31.26 | 5.37 | 10.9400 | 4.9600 | 22.50 | 0.17 |
| 2022-09 | 30.47 | 30.33 | -- | -- | -- | -- | -- |
| 2022-06 | 30.87 | 30.51 | 7.46 | 17.6900 | 8.0500 | 29.13 | 0.24 |
| 2022-12 | 25.61 | 25.56 | 12.18 | 28.4400 | 15.7600 | 28.69 | 0.48 |
| 2022-03 | 30.16 | 29.71 | -- | -- | -- | -- | -- |
| 2021-12 | 21.64 | 22.19 | 8.43 | 25.1800 | 16.8300 | 16.87 | 0.38 |
| 2021-03 | 15.25 | 15.13 | 1.69 | 4.1200 | 4.4400 | 12.05 | 0.11 |
| 2021-09 | 19.19 | 18.94 | 6.37 | 16.2300 | 14.2900 | 15.79 | 0.34 |
| 2020-12 | 19.29 | 22.57 | 8.20 | 18.7800 | 17.6800 | 11.24 | 0.36 |
| 2019-12 | 21.60 | 23.10 | 7.87 | 19.4300 | 21.3800 | 13.09 | 0.34 |
| 2018-12 | 20.18 | 20.12 | 8.76 | 17.0700 | 23.3100 | 14.11 | 0.44 |
| 2025-06 | 6.73 | 6.84 | 0.98 | 0.5800 | 6.2300 | 15.65 | 0.14 |
| 2025-09 | 7.32 | 7.33 | 1.62 | -- | 13.6500 | 11.57 | 0.22 |
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 | 53.72 | 46.28 | 1.2400 | 1.0600 |
| 2024-12 | 54.16 | 45.84 | 1.0600 | 0.9000 |
| 2024-09 | 54.26 | 45.74 | 1.1100 | 0.9400 |
| 2024-03 | 52.63 | 47.37 | 1.3200 | 1.1200 |
| 2024-06 | 54.89 | 45.11 | 1.1500 | 0.9400 |
| 2023-09 | 51.64 | 48.35 | 1.4700 | 1.3100 |
| 2023-12 | 53.19 | 46.81 | 1.2700 | 1.0800 |
| 2023-03 | 52.74 | 47.26 | 1.5900 | 1.4400 |
| 2023-06 | 53.91 | 46.09 | 1.3600 | 1.2400 |
| 2022-09 | -- | -- | -- | -- |
| 2022-06 | 62.27 | 37.73 | 0.8800 | 0.7700 |
| 2022-12 | 60.51 | 39.49 | 1.0400 | 0.9000 |
| 2022-03 | -- | -- | -- | -- |
| 2021-12 | 69.04 | 30.96 | 0.8800 | 0.8100 |
| 2021-03 | 62.03 | 37.97 | 0.8900 | 0.8200 |
| 2021-09 | 62.98 | 37.02 | 0.8800 | 0.8200 |
| 2020-12 | 68.77 | 31.23 | 0.9400 | 0.8600 |
| 2019-12 | 63.47 | 36.53 | 1.0200 | 0.9700 |
| 2018-12 | 58.33 | 41.67 | 0.8500 | 0.8100 |
| 2025-06 | 55.13 | 44.87 | 1.0300 | 0.8500 |
| 2025-09 | 55.48 | 44.52 | 1.1000 | -- |
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 | 2810000000.0000 | 23151400.0000 | 214000000.0000 | 49974800.0000 |
| 2024-12 | 11815000000.0000 | 93727100.0000 | 977000000.0000 | 266000000.0000 |
| 2024-09 | 8496000000.0000 | 69098500.0000 | 675000000.0000 | 133000000.0000 |
| 2024-03 | 2631000000.0000 | 28783000.0000 | 215000000.0000 | 46999100.0000 |
| 2024-06 | 5380000000.0000 | 48366400.0000 | 429000000.0000 | 136000000.0000 |
| 2023-09 | 6164000000.0000 | 69684300.0000 | 592000000.0000 | 120000000.0000 |
| 2023-12 | 8844000000.0000 | 91945000.0000 | 832000000.0000 | 138000000.0000 |
| 2023-03 | 2259000000.0000 | 23299300.0000 | 233000000.0000 | 49266700.0000 |
| 2023-06 | 4382000000.0000 | 46887600.0000 | 430000000.0000 | 124000000.0000 |
| 2022-09 | 7708000000.0000 | 56149600.0000 | 607000000.0000 | 240000000.0000 |
| 2022-06 | 5089000000.0000 | 37486900.0000 | 381000000.0000 | 195000000.0000 |
| 2022-12 | 11263000000.0000 | 77606900.0000 | 910000000.0000 | 343000000.0000 |
| 2022-03 | 2496000000.0000 | 18650500.0000 | 194000000.0000 | 91040800.0000 |
| 2021-12 | 9151000000.0000 | 106000000.0000 | 911000000.0000 | 386000000.0000 |
| 2021-03 | 2145000000.0000 | 25870200.0000 | 184000000.0000 | 72819500.0000 |
| 2021-09 | 6739000000.0000 | 80577800.0000 | 614000000.0000 | 191000000.0000 |
| 2020-12 | 8100000000.0000 | 111000000.0000 | 902000000.0000 | 317000000.0000 |
| 2019-12 | 8840000000.0000 | 175000000.0000 | 1008000000.0000 | 339000000.0000 |
| 2018-12 | 9212000000.0000 | 69554400.0000 | 870000000.0000 | 276000000.0000 |
| 2025-06 | 5198000000.0000 | 43685700.0000 | 403000000.0000 | 105000000.0000 |
| 2025-09 | 8119000000.0000 | 62880700.0000 | 711000000.0000 | 143000000.0000 |