中商官网
研究报告
*ST松发（603268）
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 （%) |
| 2024-12-31 | 275000000.0000 | 33.50 | -74764100.0000 | -36.64 | -75855600.0000 | -36.26 | -76642400.0000 | -34.49 |
| 2024-09-30 | 181000000.0000 | 16.03 | -57865000.0000 | -9.41 | -60771800.0000 | -5.30 | -60310000.0000 | -5.24 |
| 2025-03-31 | 57460600.0000 | 23.17 | -20316400.0000 | 123.19 | -21286900.0000 | 110.85 | -20868600.0000 | 97.54 |
| 2024-03-31 | 46652700.0000 | 24.82 | -9102900.0000 | -57.35 | -10095700.0000 | -52.78 | -10564000.0000 | -51.93 |
| 2024-06-30 | 1608000000.0000 | 1659.11 | 5287300.0000 | -113.45 | 5399200.0000 | -113.73 | -4162300.0000 | -89.56 |
| 2023-12-31 | 206000000.0000 | -23.99 | -118000000.0000 | -32.18 | -119000000.0000 | -32.39 | -117000000.0000 | -31.58 |
| 2023-09-30 | 156000000.0000 | -20.00 | -63873200.0000 | -35.29 | -64175200.0000 | -35.07 | -63643100.0000 | -34.58 |
| 2023-03-31 | 37375500.0000 | -25.30 | -21343000.0000 | -3.36 | -21382000.0000 | -3.03 | -21975000.0000 | -0.55 |
| 2023-06-30 | 91409900.0000 | -12.94 | -39310500.0000 | -4.64 | -39335900.0000 | -4.88 | -39871800.0000 | -0.94 |
| 2022-06-30 | 105000000.0000 | -43.55 | -41225300.0000 | 234.77 | -41352000.0000 | 223.71 | -40248500.0000 | 195.54 |
| 2022-12-31 | 271000000.0000 | -32.75 | -174000000.0000 | -45.79 | -176000000.0000 | -45.34 | -171000000.0000 | -46.89 |
| 2022-09-30 | 195000000.0000 | -31.34 | -98702000.0000 | 260.37 | -98841500.0000 | 254.30 | -97280600.0000 | 246.64 |
| 2021-12-31 | 403000000.0000 | -9.64 | -321000000.0000 | -1458.16 | -322000000.0000 | -1538.41 | -322000000.0000 | -1327.45 |
| 2022-03-31 | 50032500.0000 | -46.00 | -22085400.0000 | 192.48 | -22050200.0000 | 179.08 | -22096000.0000 | 162.67 |
| 2021-06-30 | 186000000.0000 | 9.41 | -12314600.0000 | -185.06 | -12774300.0000 | -184.77 | -13618500.0000 | -198.22 |
| 2021-09-30 | 284000000.0000 | -1.05 | -27388700.0000 | -205.93 | -27897500.0000 | -205.13 | -28063900.0000 | -209.54 |
| 2021-03-31 | 92652100.0000 | 28.34 | -7551000.0000 | -623.68 | -7901000.0000 | -503.77 | -8412000.0000 | -655.54 |
| 2020-12-31 | 446000000.0000 | -23.10 | 23635000.0000 | -51.31 | 22385800.0000 | -50.83 | 26233300.0000 | -44.79 |
| 2020-09-30 | 287000000.0000 | -32.79 | 25854600.0000 | -49.15 | 26536200.0000 | -44.79 | 25619600.0000 | -39.93 |
| 2020-06-30 | 170000000.0000 | -36.09 | 14478200.0000 | -47.28 | 15069500.0000 | -38.79 | 13865900.0000 | -36.96 |
| 2020-03-31 | 72190900.0000 | -46.92 | 1441900.0000 | -92.09 | 1956800.0000 | -89.23 | 1514200.0000 | -90.86 |
| 2019-09-30 | 427000000.0000 | 0.23 | 50845100.0000 | -11.18 | 48059800.0000 | -14.17 | 42652500.0000 | -15.15 |
| 2019-12-31 | 580000000.0000 | -1.86 | 48544300.0000 | -18.45 | 45524600.0000 | -21.94 | 47512700.0000 | -13.71 |
| 2019-06-30 | 266000000.0000 | -0.37 | 27460700.0000 | -26.26 | 24619700.0000 | -33.06 | 21995800.0000 | -32.11 |
| 2018-12-31 | 591000000.0000 | 4.05 | 59524600.0000 | -4.25 | 58318000.0000 | -7.32 | 55063100.0000 | -1.04 |
| 2019-03-31 | 136000000.0000 | 1.49 | 18225900.0000 | -11.71 | 18161700.0000 | -12.08 | 16559600.0000 | -12.45 |
| 2018-03-31 | 134000000.0000 | 40.12 | 20644000.0000 | 117.42 | 20656000.0000 | 114.85 | 18913600.0000 | 139.62 |
| 2018-06-30 | 267000000.0000 | 20.81 | 37242300.0000 | 33.56 | 36777300.0000 | 30.72 | 32399900.0000 | 40.28 |
| 2018-09-30 | 426000000.0000 | 10.08 | 57247800.0000 | 30.29 | 55993800.0000 | 25.00 | 50267700.0000 | 36.68 |
| 2017-09-30 | 387000000.0000 | 83.41 | 43939600.0000 | 48.16 | 44793700.0000 | 37.65 | 36777000.0000 | 38.31 |
| 2017-12-31 | 568000000.0000 | 61.82 | 62165800.0000 | 31.63 | 62923000.0000 | 29.42 | 55639900.0000 | 38.20 |
| 2017-03-31 | 95634200.0000 | 73.36 | 9495100.0000 | -2.91 | 9614300.0000 | -12.04 | 7893100.0000 | -11.72 |
| 2017-06-30 | 221000000.0000 | 66.17 | 27883300.0000 | 50.38 | 28135200.0000 | 41.13 | 23097200.0000 | 43.01 |
| 2016-12-31 | 351000000.0000 | 20.62 | 47226200.0000 | 5.77 | 48619900.0000 | 8.34 | 40259200.0000 | 9.43 |
| 2016-06-30 | 133000000.0000 | -11.92 | 18542300.0000 | -20.41 | 19936100.0000 | -14.81 | 16151300.0000 | -15.38 |
| 2016-09-30 | 211000000.0000 | -7.05 | 29657000.0000 | -16.21 | 32541100.0000 | -13.85 | 26590900.0000 | -14.97 |
| 2016-03-31 | 55166100.0000 | -32.79 | 9780000.0000 | -32.78 | 10930900.0000 | -26.37 | 8941400.0000 | -25.40 |
| 2015-09-30 | 227000000.0000 | -4.62 | 35395500.0000 | -14.05 | 37770600.0000 | -16.09 | 31271600.0000 | -9.52 |
| 2015-12-31 | 291000000.0000 | -5.21 | 44651500.0000 | -15.35 | 44878000.0000 | -22.92 | 36788900.0000 | -24.26 |
| 2015-03-31 | 82086100.0000 | -4.60 | 14549600.0000 | -14.70 | 14845600.0000 | -21.56 | 11985000.0000 | -13.63 |
| 2015-06-30 | 151000000.0000 | -1.95 | 23298400.0000 | -10.82 | 23402600.0000 | -19.26 | 19086800.0000 | -15.42 |
| 2014-09-30 | 238000000.0000 | -- | 41180600.0000 | -- | 45012100.0000 | -- | 34562800.0000 | -- |
| 2014-06-30 | 154000000.0000 | -- | 26124600.0000 | -- | 28985900.0000 | -- | 22565800.0000 | -- |
| 2014-12-31 | 307000000.0000 | 5.14 | 52746700.0000 | 10.39 | 58223400.0000 | 2.50 | 48575100.0000 | 13.18 |
| 2013-12-31 | 292000000.0000 | -4.26 | 47780700.0000 | -12.34 | 56804800.0000 | 0.15 | 42918700.0000 | -7.09 |
| 2014-03-31 | 86046200.0000 | -- | 17057100.0000 | -- | 18927100.0000 | -- | 13875800.0000 | -- |
| 2012-12-31 | 305000000.0000 | 8.16 | 54506700.0000 | 0.82 | 56719400.0000 | 3.39 | 46194700.0000 | 4.60 |
| 2011-12-31 | 282000000.0000 | -- | 54064600.0000 | -- | 54860000.0000 | -- | 44164800.0000 | -- |
| 2025-06-30 | 6680000000.0000 | 315.42 | 877000000.0000 | 16486.92 | 878000000.0000 | 16161.67 | 647000000.0000 | -15644.29 |
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) |
| 2024-12 | -28.36 | -27.58 | -0.39 | -207.7700 | 1.5400 | 2.62 | 0.01 |
| 2024-09 | -33.15 | -33.58 | -11.07 | -133.8600 | 1.0200 | 2.55 | 0.33 |
| 2025-03 | -36.65 | -37.05 | -3.82 | -- | 0.3200 | 2.06 | 0.10 |
| 2024-03 | -20.81 | -21.64 | -1.79 | -15.1100 | 0.2300 | 2.20 | 0.08 |
| 2024-06 | -0.93 | 0.34 | 0.96 | -60.0300 | 0.6500 | 2.46 | 2.86 |
| 2023-12 | -59.22 | -57.77 | -21.06 | -87.5900 | 1.2400 | 2.10 | 0.36 |
| 2023-09 | -41.67 | -41.14 | -10.33 | -40.4400 | 0.9000 | 2.09 | 0.25 |
| 2023-03 | -58.42 | -57.21 | -3.53 | -12.1000 | 0.2500 | 1.57 | 0.06 |
| 2023-06 | -44.40 | -43.03 | -6.24 | -23.0800 | 0.5500 | 1.85 | 0.15 |
| 2022-06 | -41.90 | -39.38 | -5.38 | -11.5400 | 0.4600 | 1.60 | 0.14 |
| 2022-12 | -64.94 | -64.94 | -27.04 | -61.5600 | 1.6200 | 2.04 | 0.42 |
| 2022-09 | -52.82 | -50.69 | -13.77 | -30.6800 | 0.9300 | 1.85 | 0.27 |
| 2021-12 | -80.89 | -79.90 | -38.61 | -59.8500 | 1.7100 | 2.53 | 0.48 |
| 2022-03 | -44.74 | -44.07 | -2.87 | -6.2100 | 0.2300 | 1.53 | 0.07 |
| 2021-06 | -8.60 | -6.87 | -1.16 | -1.5000 | 0.7300 | 2.43 | 0.17 |
| 2021-09 | -11.27 | -9.82 | -2.52 | -3.3500 | 1.1100 | 2.38 | 0.26 |
| 2021-03 | -10.09 | -8.53 | -0.70 | -0.0100 | 0.3900 | 2.25 | 0.08 |
| 2020-12 | 4.48 | 5.02 | 1.99 | 0.2500 | 1.4500 | 2.96 | 0.40 |
| 2020-09 | 8.01 | 9.25 | 2.28 | 1.1000 | 0.8500 | 2.68 | 0.25 |
| 2020-06 | 7.65 | 8.86 | 1.28 | 0.2000 | 0.5300 | 2.51 | 0.14 |
| 2020-03 | 0.38 | 2.71 | 0.17 | -0.7000 | 0.2500 | 2.23 | 0.06 |
| 2019-09 | 11.48 | 11.26 | 3.90 | 4.6500 | 1.3800 | 4.04 | 0.35 |
| 2019-12 | 7.24 | 7.85 | 3.73 | 4.4900 | 2.0000 | 4.20 | 0.48 |
| 2019-06 | 9.77 | 9.26 | 2.05 | 2.2200 | 0.8700 | 3.97 | 0.22 |
| 2018-12 | 8.29 | 9.87 | 4.63 | 6.0400 | 2.4700 | 4.27 | 0.47 |
| 2019-03 | 12.50 | 13.35 | 1.50 | 1.8500 | 0.4500 | 4.13 | 0.11 |
| 2018-03 | 14.18 | 15.41 | 1.65 | 1.9300 | 0.6800 | 3.88 | 0.11 |
| 2018-06 | 12.73 | 13.77 | 3.02 | 3.4700 | 1.2600 | 3.80 | 0.22 |
| 2018-09 | 12.68 | 13.14 | 4.52 | 5.8200 | 1.7800 | 3.78 | 0.34 |
| 2017-09 | 9.82 | 11.57 | 4.61 | 5.5200 | 2.3800 | 4.53 | 0.40 |
| 2017-12 | 9.51 | 11.08 | 5.14 | 7.7700 | 3.6000 | 4.49 | 0.46 |
| 2017-03 | 9.57 | 10.05 | 0.98 | 1.2000 | 0.6200 | 3.76 | 0.10 |
| 2017-06 | 10.86 | 12.73 | 3.04 | 3.3700 | 1.3500 | 4.28 | 0.24 |
| 2016-12 | 11.68 | 13.85 | 5.59 | 7.1000 | 2.6700 | 3.31 | 0.40 |
| 2016-06 | 10.53 | 14.99 | 3.08 | 3.0000 | 1.2000 | 2.75 | 0.21 |
| 2016-09 | 11.85 | 15.42 | 5.11 | 4.8900 | 1.8600 | 2.92 | 0.33 |
| 2016-03 | 11.67 | 19.81 | 1.64 | 1.6600 | 0.4400 | 2.17 | 0.08 |
| 2015-09 | 14.98 | 16.64 | 5.94 | 7.0000 | 2.1000 | 3.12 | 0.36 |
| 2015-12 | 14.78 | 15.42 | 6.99 | 7.9000 | 2.7000 | 3.32 | 0.45 |
| 2015-03 | 17.72 | 18.09 | 2.42 | 4.1000 | 0.7800 | 3.76 | 0.13 |
| 2015-06 | 15.23 | 15.50 | 3.86 | 5.0000 | 1.3400 | 3.46 | 0.25 |
| 2014-09 | 17.65 | 18.91 | 11.48 | 13.1400 | 2.7000 | 3.21 | 0.61 |
| 2014-06 | 17.53 | 18.82 | -- | 9.0000 | -- | -- | -- |
| 2014-12 | 17.26 | 18.97 | 15.40 | 18.0900 | 3.2500 | 3.99 | 0.81 |
| 2013-12 | 16.10 | 19.45 | 14.72 | 18.6300 | 3.7300 | 4.16 | 0.76 |
| 2014-03 | 19.78 | 22.00 | -- | 5.4000 | -- | -- | -- |
| 2012-12 | 17.70 | 18.60 | 17.61 | 24.5500 | 4.8700 | 5.87 | 0.95 |
| 2011-12 | 19.15 | 19.45 | 22.21 | 37.9300 | 5.2100 | 6.65 | 1.14 |
| 2025-06 | 11.93 | 13.14 | 2.55 | -- | -- | -- | 0.19 |
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 |
| 2024-12 | 83.14 | 16.86 | 0.5800 | 0.2600 |
| 2024-09 | 97.27 | 2.71 | 0.5700 | 0.2300 |
| 2025-03 | 103.41 | -3.47 | 0.5500 | 0.2200 |
| 2024-03 | 88.45 | 11.48 | 0.6600 | 0.2600 |
| 2024-06 | 92.88 | 7.20 | 0.6200 | 0.2600 |
| 2023-12 | 86.73 | 13.31 | 0.6400 | 0.2500 |
| 2023-09 | 76.49 | 23.67 | 0.7400 | 0.3000 |
| 2023-03 | 68.98 | 31.02 | 0.7700 | 0.2600 |
| 2023-06 | 73.02 | 26.98 | 0.7800 | 0.3100 |
| 2022-06 | 55.60 | 44.53 | 1.1200 | 0.3600 |
| 2022-12 | 67.59 | 32.26 | 0.8300 | 0.3700 |
| 2022-09 | 60.45 | 39.69 | 1.0800 | 0.4100 |
| 2021-12 | 54.20 | 45.80 | 1.0800 | 0.5100 |
| 2022-03 | 53.26 | 46.88 | 1.1600 | 0.4100 |
| 2021-06 | 37.48 | 62.43 | 1.2700 | 0.5700 |
| 2021-09 | 38.97 | 60.94 | 1.2600 | 0.5600 |
| 2021-03 | 35.81 | 64.19 | 1.3000 | 0.6900 |
| 2020-12 | 34.52 | 65.48 | 1.3300 | 0.7000 |
| 2020-09 | 37.40 | 62.60 | 1.1000 | 0.4800 |
| 2020-06 | 39.29 | 60.63 | 1.1700 | 0.5300 |
| 2020-03 | 40.07 | 59.93 | 1.1200 | 0.5200 |
| 2019-09 | 42.13 | 57.87 | 1.4500 | 0.6700 |
| 2019-12 | 41.28 | 58.72 | 1.0800 | 0.5400 |
| 2019-06 | 42.39 | 57.61 | 1.3800 | 0.6000 |
| 2018-12 | 45.12 | 54.88 | 1.0900 | 0.5400 |
| 2019-03 | 42.50 | 57.50 | 1.1800 | 0.5500 |
| 2018-03 | 50.20 | 49.80 | 1.1800 | 0.7700 |
| 2018-06 | 48.48 | 51.60 | 1.2400 | 0.7100 |
| 2018-09 | 47.66 | 52.34 | 1.3000 | 0.6600 |
| 2017-09 | 35.94 | 64.06 | 1.8800 | 1.1600 |
| 2017-12 | 45.80 | 54.20 | 1.1800 | 0.7800 |
| 2017-03 | 30.53 | 69.47 | 1.9400 | 1.1600 |
| 2017-06 | 34.30 | 65.59 | 2.1800 | 1.0700 |
| 2016-12 | 31.38 | 68.74 | 2.1800 | 1.5900 |
| 2016-06 | 16.05 | 83.80 | 5.0200 | 2.7300 |
| 2016-09 | 13.08 | 86.97 | 5.4000 | 3.1500 |
| 2016-03 | 18.44 | 81.71 | 4.1400 | 2.0200 |
| 2015-09 | 16.67 | 83.33 | 4.5500 | 2.6400 |
| 2015-12 | 16.51 | 83.49 | 4.6300 | 3.2700 |
| 2015-03 | 15.38 | 84.53 | 4.9000 | 3.9400 |
| 2015-06 | 14.70 | 85.34 | 5.1100 | 2.1300 |
| 2014-09 | 29.85 | 70.41 | 1.9900 | 1.3200 |
| 2014-06 | -- | -- | -- | -- |
| 2014-12 | 23.32 | 76.72 | 2.4800 | 1.5500 |
| 2013-12 | 35.23 | 64.77 | 1.7200 | 1.2000 |
| 2014-03 | -- | -- | -- | -- |
| 2012-12 | 34.47 | 65.53 | 1.7300 | 1.1300 |
| 2011-12 | 33.02 | 66.80 | 1.7400 | 1.1900 |
| 2025-06 | 89.72 | 10.28 | -- | -- |
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) |
| 2024-12 | 353000000.0000 | 30496600.0000 | 32662100.0000 | 21811500.0000 |
| 2024-09 | 241000000.0000 | 19885400.0000 | 22810800.0000 | 17476500.0000 |
| 2025-03 | 78518800.0000 | 7642700.0000 | 7747000.0000 | 5765400.0000 |
| 2024-03 | 56363300.0000 | 5914700.0000 | 7627200.0000 | 4482700.0000 |
| 2024-06 | 1623000000.0000 | 14920200.0000 | 87814000.0000 | 30811900.0000 |
| 2023-12 | 328000000.0000 | 25991200.0000 | 37349100.0000 | 19435400.0000 |
| 2023-09 | 221000000.0000 | 18046000.0000 | 27384300.0000 | 12578700.0000 |
| 2023-03 | 59210600.0000 | 5522600.0000 | 8119900.0000 | 3915100.0000 |
| 2023-06 | 132000000.0000 | 11945000.0000 | 16969700.0000 | 7239700.0000 |
| 2022-06 | 149000000.0000 | 12232000.0000 | 22201000.0000 | 5575800.0000 |
| 2022-12 | 447000000.0000 | 25549300.0000 | 42966800.0000 | 12847000.0000 |
| 2022-09 | 298000000.0000 | 19065400.0000 | 32176100.0000 | 5300800.0000 |
| 2021-12 | 729000000.0000 | 30809800.0000 | 59349200.0000 | 18655200.0000 |
| 2022-03 | 72416600.0000 | 6119100.0000 | 11957900.0000 | 4300100.0000 |
| 2021-06 | 202000000.0000 | 14156800.0000 | 26274300.0000 | 9754600.0000 |
| 2021-09 | 316000000.0000 | 20847200.0000 | 39672700.0000 | 12444800.0000 |
| 2021-03 | 102000000.0000 | 7694200.0000 | 13901200.0000 | 3136400.0000 |
| 2020-12 | 426000000.0000 | 26536200.0000 | 46621400.0000 | 27993000.0000 |
| 2020-09 | 264000000.0000 | 22009400.0000 | 35274800.0000 | 17424100.0000 |
| 2020-06 | 157000000.0000 | 13038700.0000 | 22535100.0000 | 8370300.0000 |
| 2020-03 | 71916500.0000 | 6184500.0000 | 12735900.0000 | 2917800.0000 |
| 2019-09 | 378000000.0000 | 29444800.0000 | 43216600.0000 | 10967300.0000 |
| 2019-12 | 538000000.0000 | 44666300.0000 | 50668900.0000 | 19441000.0000 |
| 2019-06 | 240000000.0000 | 19488100.0000 | 28691500.0000 | 9457700.0000 |
| 2018-12 | 542000000.0000 | 46905700.0000 | 60557600.0000 | 19863700.0000 |
| 2019-03 | 119000000.0000 | 9069400.0000 | 14705800.0000 | 6375100.0000 |
| 2018-03 | 115000000.0000 | 7516300.0000 | 14013000.0000 | 7158300.0000 |
| 2018-06 | 233000000.0000 | 17851800.0000 | 30786300.0000 | 8299900.0000 |
| 2018-09 | 372000000.0000 | 29814300.0000 | 47924500.0000 | 9986200.0000 |
| 2017-09 | 349000000.0000 | 27164300.0000 | 23448300.0000 | 13438800.0000 |
| 2017-12 | 514000000.0000 | 40848900.0000 | 50211100.0000 | 19177800.0000 |
| 2017-03 | 86485800.0000 | 6791100.0000 | 12954000.0000 | 2051600.0000 |
| 2017-06 | 197000000.0000 | 16084600.0000 | 24139400.0000 | 5943200.0000 |
| 2016-12 | 310000000.0000 | 30991400.0000 | 35113800.0000 | -1974200.0000 |
| 2016-06 | 119000000.0000 | 10578800.0000 | 16471800.0000 | 257300.0000 |
| 2016-09 | 186000000.0000 | 16508200.0000 | 24425200.0000 | -329800.0000 |
| 2016-03 | 48725500.0000 | 3740600.0000 | 6311900.0000 | 1526100.0000 |
| 2015-09 | 193000000.0000 | 11091100.0000 | 23374100.0000 | -3121600.0000 |
| 2015-12 | 248000000.0000 | 16433100.0000 | 32235100.0000 | -4027000.0000 |
| 2015-03 | 67536500.0000 | 2945900.0000 | 6035900.0000 | 217400.0000 |
| 2015-06 | 128000000.0000 | 6611900.0000 | 15732100.0000 | 498500.0000 |
| 2014-09 | 196000000.0000 | 10137700.0000 | 20129600.0000 | 2309300.0000 |
| 2014-06 | 127000000.0000 | 6813200.0000 | 13325100.0000 | 2177600.0000 |
| 2014-12 | 254000000.0000 | 13837300.0000 | 26756700.0000 | 4674000.0000 |
| 2013-12 | 245000000.0000 | 13359600.0000 | 24625900.0000 | 9038300.0000 |
| 2014-03 | 69023300.0000 | 2882500.0000 | 5718600.0000 | 336000.0000 |
| 2012-12 | 251000000.0000 | 15400900.0000 | 25823500.0000 | 5840000.0000 |
| 2011-12 | 228000000.0000 | 12901900.0000 | 21494800.0000 | 4426300.0000 |
| 2025-06 | 5883000000.0000 | 19102800.0000 | 261000000.0000 | 240000000.0000 |