中商官网
研究报告
*ST花王（603007）
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 | 8443000.0000 | -71.76 | -10519600.0000 | -52.45 | -10520200.0000 | -55.25 | -10540100.0000 | -53.86 |
| 2024-09-30 | 69641100.0000 | -38.91 | -75408600.0000 | 419.21 | -88903600.0000 | 455.52 | -91500800.0000 | 441.78 |
| 2024-12-31 | 91640800.0000 | -42.36 | -806000000.0000 | 333.33 | -817000000.0000 | 302.46 | -832000000.0000 | 326.67 |
| 2024-06-30 | 38578100.0000 | -23.19 | -57014000.0000 | 25.43 | -64072600.0000 | 36.86 | -65957100.0000 | 39.57 |
| 2024-03-31 | 29898300.0000 | 92.92 | -22125000.0000 | 5.13 | -23506700.0000 | 11.16 | -22843700.0000 | -11.45 |
| 2023-12-31 | 159000000.0000 | -18.88 | -186000000.0000 | -23.46 | -203000000.0000 | -18.15 | -195000000.0000 | -22.00 |
| 2023-09-30 | 114000000.0000 | -22.97 | -14523800.0000 | -75.80 | -16003700.0000 | -73.19 | -16888800.0000 | -70.60 |
| 2023-06-30 | 50227500.0000 | -39.87 | -45453200.0000 | 1.31 | -46814600.0000 | 5.36 | -47256300.0000 | 7.84 |
| 2022-09-30 | 148000000.0000 | -10.84 | -60013900.0000 | -31.31 | -59683100.0000 | -31.55 | -57450200.0000 | -34.16 |
| 2023-03-31 | 15497500.0000 | -65.40 | -21044600.0000 | 1.75 | -21146900.0000 | 5.47 | -25796100.0000 | 43.31 |
| 2022-12-31 | 196000000.0000 | 18.07 | -243000000.0000 | -60.55 | -248000000.0000 | -59.81 | -250000000.0000 | -61.18 |
| 2022-03-31 | 44790400.0000 | -24.46 | -20681800.0000 | 28.20 | -20050800.0000 | 25.42 | -18000300.0000 | 1.83 |
| 2022-06-30 | 83536200.0000 | -21.93 | -44865400.0000 | -22.13 | -44432100.0000 | -22.71 | -43820100.0000 | -23.23 |
| 2021-12-31 | 166000000.0000 | -70.98 | -616000000.0000 | 854.56 | -617000000.0000 | 838.72 | -644000000.0000 | 802.22 |
| 2021-09-30 | 166000000.0000 | -57.97 | -87371300.0000 | -950.83 | -87189900.0000 | -1051.99 | -87263200.0000 | -24099.78 |
| 2020-12-31 | 572000000.0000 | -53.68 | -64532200.0000 | -200.97 | -65727500.0000 | -152.16 | -71379700.0000 | -177.24 |
| 2021-06-30 | 107000000.0000 | -60.37 | -57615100.0000 | -1028.45 | -57487000.0000 | -1324.61 | -57077000.0000 | 1850.88 |
| 2021-03-31 | 59293600.0000 | 13.37 | -16131900.0000 | -21.71 | -15987200.0000 | -25.13 | -17676400.0000 | -19.54 |
| 2020-06-30 | 270000000.0000 | -52.88 | 6205500.0000 | -92.15 | 4694300.0000 | -94.05 | -2925700.0000 | -104.54 |
| 2020-09-30 | 395000000.0000 | -50.25 | 10269000.0000 | -89.73 | 9158700.0000 | -90.73 | 363600.0000 | -99.53 |
| 2019-12-31 | 1235000000.0000 | -2.29 | 63915100.0000 | -41.90 | 126000000.0000 | -4.55 | 92412100.0000 | -18.22 |
| 2020-03-31 | 52299600.0000 | -79.33 | -20604000.0000 | -173.62 | -21353800.0000 | -177.98 | -21969700.0000 | -198.90 |
| 2019-03-31 | 253000000.0000 | 24.02 | 27986400.0000 | 57.13 | 27385000.0000 | 47.09 | 22213600.0000 | 48.55 |
| 2019-06-30 | 573000000.0000 | -3.05 | 79016900.0000 | -16.45 | 78857500.0000 | -17.26 | 64493200.0000 | -18.52 |
| 2019-09-30 | 794000000.0000 | -14.25 | 100000000.0000 | -24.24 | 98761400.0000 | -25.18 | 77644800.0000 | -28.11 |
| 2018-09-30 | 926000000.0000 | 50.57 | 132000000.0000 | 39.26 | 132000000.0000 | 40.51 | 108000000.0000 | 35.24 |
| 2018-12-31 | 1264000000.0000 | 21.89 | 110000000.0000 | -50.00 | 132000000.0000 | -40.00 | 113000000.0000 | -40.53 |
| 2018-06-30 | 591000000.0000 | 29.04 | 94577800.0000 | 9.75 | 95313100.0000 | 11.66 | 79153000.0000 | 8.65 |
| 2017-12-31 | 1037000000.0000 | 102.94 | 220000000.0000 | 151.39 | 220000000.0000 | 145.11 | 190000000.0000 | 164.08 |
| 2018-03-31 | 204000000.0000 | 59.38 | 17811000.0000 | -46.09 | 18617500.0000 | -43.68 | 14953500.0000 | -47.88 |
| 2017-09-30 | 615000000.0000 | 48.91 | 94787000.0000 | 26.14 | 93945400.0000 | 21.95 | 79857800.0000 | 29.21 |
| 2017-06-30 | 458000000.0000 | 47.27 | 86179200.0000 | 23.50 | 85362900.0000 | 22.91 | 72852100.0000 | 42.15 |
| 2016-12-31 | 511000000.0000 | -5.19 | 87512100.0000 | -4.93 | 89756100.0000 | -2.07 | 71948100.0000 | 6.11 |
| 2017-03-31 | 128000000.0000 | 132.14 | 33037300.0000 | 380.13 | 33054600.0000 | 382.84 | 28689800.0000 | 486.63 |
| 2016-03-31 | 55138100.0000 | -28.46 | 6880900.0000 | -30.54 | 6845900.0000 | -29.89 | 4890600.0000 | -29.57 |
| 2016-06-30 | 311000000.0000 | 9.12 | 69779300.0000 | 14.29 | 69452800.0000 | 14.04 | 51250200.0000 | 11.77 |
| 2016-09-30 | 413000000.0000 | 8.97 | 75142800.0000 | 9.18 | 77033000.0000 | 12.26 | 61805400.0000 | 20.10 |
| 2015-09-30 | 379000000.0000 | -- | 68824000.0000 | -- | 68617700.0000 | -- | 51463200.0000 | -- |
| 2015-12-31 | 539000000.0000 | 5.69 | 92049000.0000 | 24.89 | 91652600.0000 | 24.03 | 67806100.0000 | 21.90 |
| 2015-06-30 | 285000000.0000 | -- | 61056200.0000 | -- | 60904600.0000 | -- | 45852300.0000 | -- |
| 2015-03-31 | 77078100.0000 | -- | 9906900.0000 | -- | 9765100.0000 | -- | 6943700.0000 | -- |
| 2014-12-31 | 510000000.0000 | -10.99 | 73702200.0000 | -6.45 | 73895500.0000 | -5.33 | 55626500.0000 | -2.51 |
| 2013-12-31 | 573000000.0000 | 22.70 | 78782600.0000 | -4.58 | 78055000.0000 | -3.19 | 57058300.0000 | -1.82 |
| 2011-12-31 | 332000000.0000 | -- | 54183200.0000 | -- | 58878200.0000 | -- | 45426300.0000 | -- |
| 2012-12-31 | 467000000.0000 | 40.66 | 82562000.0000 | 52.38 | 80628000.0000 | 36.94 | 58118600.0000 | 27.94 |
| 2025-06-30 | 21409900.0000 | -44.50 | -36782600.0000 | -35.48 | -36789400.0000 | -42.58 | -36350200.0000 | -44.89 |
| 2025-09-30 | 189000000.0000 | 171.39 | -39235100.0000 | -47.97 | -36529800.0000 | -58.91 | -36280800.0000 | -60.35 |
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 | -137.68 | -124.60 | -0.94 | -2.0600 | 0.3100 | 0.15 | 0.01 |
| 2024-09 | -105.34 | -127.66 | -3.91 | -26.9600 | 0.8600 | 0.36 | 0.03 |
| 2024-12 | -313.57 | -891.52 | -69.65 | -- | 2.3000 | 0.36 | 0.08 |
| 2024-06 | -147.42 | -166.09 | -2.82 | -19.6400 | 0.5200 | 0.29 | 0.02 |
| 2024-03 | -75.39 | -78.62 | -1.02 | -6.9000 | 0.4800 | 0.45 | 0.01 |
| 2023-12 | -166.67 | -127.67 | -8.79 | -80.4000 | 1.5400 | 0.59 | 0.07 |
| 2023-09 | -55.26 | -14.04 | -0.65 | -11.9900 | 0.9800 | 0.54 | 0.05 |
| 2023-06 | -88.61 | -93.21 | -1.97 | -17.2300 | 0.5600 | 0.36 | 0.02 |
| 2022-09 | -55.41 | -40.33 | -2.27 | -11.2700 | 1.3300 | 0.65 | 0.06 |
| 2023-03 | -138.15 | -136.45 | -0.89 | -9.2200 | 0.1700 | 0.25 | 0.01 |
| 2022-12 | -130.10 | -126.53 | -10.02 | -58.2600 | 1.7500 | 0.69 | 0.08 |
| 2022-03 | -65.83 | -44.77 | -0.76 | -3.5700 | 0.4000 | 0.60 | 0.02 |
| 2022-06 | -69.99 | -53.19 | -1.70 | -8.8900 | 0.6900 | 0.54 | 0.03 |
| 2021-12 | -396.99 | -371.69 | -23.22 | -73.4700 | 2.7500 | 0.41 | 0.06 |
| 2021-09 | -69.88 | -52.52 | -2.69 | -7.2900 | 1.4100 | 0.48 | 0.05 |
| 2020-12 | -24.30 | -11.49 | -1.79 | -4.7000 | 0.8400 | 1.23 | 0.16 |
| 2021-06 | -71.96 | -53.73 | -1.74 | -4.6300 | 0.9100 | 0.46 | 0.03 |
| 2021-03 | -55.42 | -26.96 | -0.46 | -0.0100 | 0.4200 | 0.49 | 0.02 |
| 2020-06 | -4.44 | 1.74 | 0.13 | 0.1800 | 0.4100 | 1.24 | 0.07 |
| 2020-09 | -5.57 | 2.32 | 0.24 | 0.5300 | 0.6200 | 1.13 | 0.10 |
| 2019-12 | 2.11 | 10.20 | 3.38 | 8.7400 | 1.2400 | 2.86 | 0.33 |
| 2020-03 | -64.24 | -40.83 | -0.60 | -0.0200 | 0.0900 | 0.52 | 0.01 |
| 2019-03 | 7.11 | 10.82 | 0.75 | 2.2200 | 0.2500 | 2.41 | 0.07 |
| 2019-06 | 10.99 | 13.76 | 2.19 | 6.0200 | 0.5600 | 2.72 | 0.16 |
| 2019-09 | 9.95 | 12.44 | 2.70 | 6.9500 | 0.7500 | 2.52 | 0.22 |
| 2018-09 | 13.82 | 14.25 | 3.92 | 9.4400 | 0.8300 | 3.70 | 0.27 |
| 2018-12 | 5.93 | 10.44 | 3.84 | 9.7200 | 1.3700 | 3.51 | 0.37 |
| 2018-06 | 15.91 | 16.13 | 2.92 | 7.2300 | 0.5700 | 3.59 | 0.18 |
| 2017-12 | 20.93 | 21.22 | 8.43 | 18.7800 | 1.3200 | 4.34 | 0.40 |
| 2018-03 | 8.33 | 9.13 | 0.64 | 1.5900 | 0.2300 | 2.69 | 0.07 |
| 2017-09 | 14.96 | 15.28 | 4.78 | 9.1300 | 0.8500 | 4.95 | 0.31 |
| 2017-06 | 18.34 | 18.64 | 5.33 | 8.3700 | 0.6800 | 5.55 | 0.29 |
| 2016-12 | 16.24 | 17.56 | 5.96 | 12.8600 | 0.8600 | 3.08 | 0.34 |
| 2017-03 | 25.00 | 25.82 | 2.18 | 3.3800 | 0.1700 | 3.16 | 0.08 |
| 2016-03 | 10.51 | 12.42 | 0.70 | 1.2000 | -- | -- | 0.06 |
| 2016-06 | 21.86 | 22.33 | 5.97 | 11.9000 | 0.5600 | 3.94 | 0.27 |
| 2016-09 | 17.68 | 18.65 | 4.84 | 12.9900 | 0.7300 | 3.44 | 0.26 |
| 2015-09 | 17.68 | 18.10 | -- | 14.3100 | -- | -- | -- |
| 2015-12 | 16.14 | 17.00 | 9.34 | 18.4100 | 1.0600 | 3.37 | 0.55 |
| 2015-06 | 20.70 | 21.37 | 6.91 | 12.8700 | 0.5900 | 3.57 | 0.32 |
| 2015-03 | 100.00 | 12.67 | -- | -- | -- | -- | -- |
| 2014-12 | 13.33 | 14.49 | 8.12 | 18.2800 | 0.9600 | 3.53 | 0.56 |
| 2013-12 | 13.44 | 13.62 | 10.69 | 23.0800 | 1.1700 | 5.59 | 0.78 |
| 2011-12 | 16.27 | 17.73 | 11.21 | 32.9800 | 0.9300 | 2.86 | 0.63 |
| 2012-12 | 17.56 | 17.27 | 14.90 | 30.6700 | 1.1600 | 4.73 | 0.86 |
| 2025-06 | -180.54 | -171.83 | -3.41 | -3.7200 | 0.9800 | 0.19 | 0.02 |
| 2025-09 | -23.28 | -19.33 | -1.91 | -4.0000 | 3.6600 | 0.83 | 0.10 |
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 | 55.14 | 44.86 | 1.4900 | 1.2300 |
| 2024-09 | 85.19 | 14.81 | 0.6100 | 0.3600 |
| 2024-12 | 56.27 | 43.65 | 1.4800 | 1.2300 |
| 2024-06 | 84.00 | 16.00 | 0.6100 | 0.3500 |
| 2024-03 | 82.36 | 17.68 | 0.6400 | 0.3700 |
| 2023-12 | 86.54 | 13.46 | 0.6500 | 0.3800 |
| 2023-09 | 86.09 | 13.91 | 0.7200 | 0.4900 |
| 2023-06 | 87.61 | 12.39 | 0.7100 | 0.4800 |
| 2022-09 | 82.02 | 17.98 | 0.8100 | 0.5900 |
| 2023-03 | 88.24 | 11.76 | 0.7000 | 0.4700 |
| 2022-12 | 88.65 | 11.35 | 0.7300 | 0.5100 |
| 2022-03 | 80.44 | 19.56 | 0.8400 | 0.5900 |
| 2022-06 | 81.38 | 18.62 | 0.8200 | 0.5800 |
| 2021-12 | 80.02 | 19.98 | 0.8500 | 0.6000 |
| 2021-09 | 64.62 | 35.35 | 1.1500 | 0.7900 |
| 2020-12 | 68.32 | 31.68 | 1.0600 | 0.7600 |
| 2021-06 | 64.33 | 35.67 | 1.1500 | 0.8000 |
| 2021-03 | 64.87 | 35.13 | 1.1500 | 0.8000 |
| 2020-06 | 67.33 | 32.64 | 0.9800 | 0.7000 |
| 2020-09 | 68.31 | 31.69 | 1.0100 | 0.7500 |
| 2019-12 | 66.38 | 33.62 | 0.9700 | 0.3900 |
| 2020-03 | 65.84 | 34.16 | 1.0800 | 0.7600 |
| 2019-03 | 66.98 | 33.02 | 0.8500 | 0.4000 |
| 2019-06 | 65.80 | 34.20 | 0.8600 | 0.3600 |
| 2019-09 | 65.99 | 34.01 | 0.9100 | 0.3600 |
| 2018-09 | 65.05 | 34.92 | 1.0400 | 0.4700 |
| 2018-12 | 65.84 | 34.13 | 0.9400 | 0.4900 |
| 2018-06 | 65.08 | 34.92 | 1.0100 | 0.4900 |
| 2017-12 | 59.13 | 40.87 | 0.8900 | 0.3800 |
| 2018-03 | 62.64 | 37.36 | 1.0500 | 0.5200 |
| 2017-09 | 54.40 | 45.60 | 1.2400 | 0.4400 |
| 2017-06 | 44.51 | 55.49 | 1.6000 | 0.7000 |
| 2016-12 | 44.72 | 55.28 | 1.6000 | 0.6700 |
| 2017-03 | 43.04 | 56.90 | 1.7400 | 0.8200 |
| 2016-03 | 58.05 | 41.95 | 0.9700 | 0.9700 |
| 2016-06 | 60.74 | 39.35 | 0.9200 | 0.2700 |
| 2016-09 | 48.34 | 51.60 | 1.3900 | 0.7400 |
| 2015-09 | -- | -- | -- | -- |
| 2015-12 | 58.82 | 41.18 | 0.9800 | 0.3200 |
| 2015-06 | 56.92 | 43.08 | 1.2000 | 0.4500 |
| 2015-03 | -- | -- | -- | -- |
| 2014-12 | 63.41 | 36.59 | 1.2200 | 0.4500 |
| 2013-12 | 62.19 | 37.81 | 1.3400 | 0.4300 |
| 2011-12 | 69.52 | 30.48 | 1.3300 | 0.6100 |
| 2012-12 | 59.52 | 40.48 | 1.4700 | 0.4700 |
| 2025-06 | 55.84 | 44.16 | 1.4600 | 1.1900 |
| 2025-09 | 68.81 | 31.14 | 0.8200 | -- |
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 | 20067200.0000 | 9000.0000 | 12786400.0000 | 3872100.0000 |
| 2024-09 | 143000000.0000 | 288300.0000 | 48449700.0000 | 23608200.0000 |
| 2024-12 | 379000000.0000 | 418700.0000 | 83928100.0000 | 38580400.0000 |
| 2024-06 | 95450900.0000 | 190700.0000 | 29109000.0000 | 15511300.0000 |
| 2024-03 | 52439200.0000 | 182500.0000 | 13414100.0000 | 8651500.0000 |
| 2023-12 | 424000000.0000 | 2013600.0000 | 110000000.0000 | 54991100.0000 |
| 2023-09 | 177000000.0000 | 1463500.0000 | 58865100.0000 | 38789500.0000 |
| 2023-06 | 94732300.0000 | 1032700.0000 | 36346300.0000 | 29294800.0000 |
| 2022-09 | 230000000.0000 | 2140700.0000 | 62382000.0000 | 49903400.0000 |
| 2023-03 | 36906600.0000 | 725500.0000 | 16991600.0000 | 14089500.0000 |
| 2022-12 | 451000000.0000 | 2823200.0000 | 99493900.0000 | 67186000.0000 |
| 2022-03 | 74273700.0000 | 903900.0000 | 21832500.0000 | 14314900.0000 |
| 2022-06 | 142000000.0000 | 1392700.0000 | 42482700.0000 | 35574600.0000 |
| 2021-12 | 825000000.0000 | 8393100.0000 | 97317000.0000 | 61136600.0000 |
| 2021-09 | 282000000.0000 | 4574400.0000 | 61260500.0000 | 45595000.0000 |
| 2020-12 | 711000000.0000 | 6121900.0000 | 105000000.0000 | 68999100.0000 |
| 2021-06 | 184000000.0000 | 3546300.0000 | 41985100.0000 | 32085000.0000 |
| 2021-03 | 92156500.0000 | 2281600.0000 | 19039000.0000 | 16230100.0000 |
| 2020-06 | 282000000.0000 | 2820800.0000 | 54102000.0000 | 31596900.0000 |
| 2020-09 | 417000000.0000 | 4117700.0000 | 82309100.0000 | 48769200.0000 |
| 2019-12 | 1209000000.0000 | 8026900.0000 | 106000000.0000 | 55799700.0000 |
| 2020-03 | 85898300.0000 | 1441700.0000 | 22788100.0000 | 14668700.0000 |
| 2019-03 | 235000000.0000 | 989700.0000 | 26338800.0000 | 12737500.0000 |
| 2019-06 | 510000000.0000 | 2712300.0000 | 50786000.0000 | 25713000.0000 |
| 2019-09 | 715000000.0000 | 4763000.0000 | 77743500.0000 | 38963600.0000 |
| 2018-09 | 798000000.0000 | 15228200.0000 | 83403700.0000 | 25518100.0000 |
| 2018-12 | 1189000000.0000 | 17791000.0000 | 113000000.0000 | 38552000.0000 |
| 2018-06 | 497000000.0000 | 9411300.0000 | 50276000.0000 | 15077400.0000 |
| 2017-12 | 820000000.0000 | 7327400.0000 | 70135500.0000 | 12187800.0000 |
| 2018-03 | 187000000.0000 | 6185000.0000 | 24031800.0000 | 6898800.0000 |
| 2017-09 | 523000000.0000 | 3779600.0000 | 41052800.0000 | 6451400.0000 |
| 2017-06 | 374000000.0000 | 1849400.0000 | 26667800.0000 | 4045100.0000 |
| 2016-12 | 428000000.0000 | 3172800.0000 | 45533900.0000 | 18304000.0000 |
| 2017-03 | 95994800.0000 | 231900.0000 | 13930800.0000 | 1297300.0000 |
| 2016-03 | 49344700.0000 | 279300.0000 | 7997800.0000 | 4474400.0000 |
| 2016-06 | 243000000.0000 | 1043200.0000 | 18318300.0000 | 8817600.0000 |
| 2016-09 | 340000000.0000 | 2233600.0000 | 29117000.0000 | 13427600.0000 |
| 2015-09 | 312000000.0000 | 922800.0000 | 26837200.0000 | 16144900.0000 |
| 2015-12 | 452000000.0000 | 1368300.0000 | 40987300.0000 | 20740600.0000 |
| 2015-06 | 226000000.0000 | 632500.0000 | 18173800.0000 | 11335600.0000 |
| 2015-03 | -- | -- | -- | -- |
| 2014-12 | 442000000.0000 | 1585200.0000 | 42033400.0000 | 22822300.0000 |
| 2013-12 | 496000000.0000 | 2540400.0000 | 42805900.0000 | 17246900.0000 |
| 2011-12 | 278000000.0000 | 714600.0000 | 20501900.0000 | 9768400.0000 |
| 2012-12 | 385000000.0000 | 2476500.0000 | 27104400.0000 | 12839200.0000 |
| 2025-06 | 60062500.0000 | 38100.0000 | 32742600.0000 | 6113200.0000 |
| 2025-09 | 233000000.0000 | 127500.0000 | 54998600.0000 | 10574000.0000 |