中商官网
研究报告
天马科技（603668）
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 | 5854000000.0000 | -16.35 | 58310400.0000 | -138.36 | 55977500.0000 | -134.13 | 48273700.0000 | -131.76 |
| 2024-09-30 | 4499000000.0000 | -15.10 | 103000000.0000 | -363.94 | 101000000.0000 | -310.17 | 88713300.0000 | -256.11 |
| 2025-03-31 | 1496000000.0000 | 9.92 | 18418100.0000 | 230.19 | 18362800.0000 | 184.86 | 19944100.0000 | 111.05 |
| 2024-06-30 | 3009000000.0000 | -9.83 | 78997000.0000 | -5988.71 | 78781700.0000 | -6114.33 | 63944900.0000 | -821.48 |
| 2024-03-31 | 1361000000.0000 | -11.10 | 5578000.0000 | -58.46 | 6446300.0000 | -50.61 | 9450100.0000 | -42.78 |
| 2023-12-31 | 6998000000.0000 | -0.14 | -152000000.0000 | -177.55 | -164000000.0000 | -184.54 | -152000000.0000 | -186.86 |
| 2023-09-30 | 5299000000.0000 | -0.24 | -39024200.0000 | -112.92 | -48056500.0000 | -115.97 | -56826600.0000 | -120.97 |
| 2022-12-31 | 7008000000.0000 | 29.32 | 196000000.0000 | 21.74 | 194000000.0000 | 22.01 | 175000000.0000 | 32.58 |
| 2023-03-31 | 1531000000.0000 | 4.22 | 13428100.0000 | -77.91 | 13051600.0000 | -78.11 | 16516800.0000 | -66.13 |
| 2023-06-30 | 3337000000.0000 | 0.79 | -1341500.0000 | -100.72 | -1309900.0000 | -100.71 | -8863000.0000 | -105.12 |
| 2022-09-30 | 5312000000.0000 | 32.80 | 302000000.0000 | 98.68 | 301000000.0000 | 100.67 | 271000000.0000 | 123.97 |
| 2022-06-30 | 3311000000.0000 | 36.26 | 186000000.0000 | 69.09 | 185000000.0000 | 68.18 | 173000000.0000 | 96.46 |
| 2021-12-31 | 5419000000.0000 | 48.87 | 161000000.0000 | 26.77 | 159000000.0000 | 25.20 | 132000000.0000 | 21.10 |
| 2022-03-31 | 1469000000.0000 | 54.79 | 60774500.0000 | 36.57 | 59623700.0000 | 34.99 | 48770400.0000 | 40.18 |
| 2021-06-30 | 2430000000.0000 | 39.26 | 110000000.0000 | 27.92 | 110000000.0000 | 35.67 | 88060100.0000 | 30.48 |
| 2021-09-30 | 4000000000.0000 | 44.09 | 152000000.0000 | 14.29 | 150000000.0000 | 19.05 | 121000000.0000 | 18.63 |
| 2020-12-31 | 3640000000.0000 | 49.92 | 127000000.0000 | 48.39 | 127000000.0000 | 49.69 | 109000000.0000 | 43.67 |
| 2020-09-30 | 2776000000.0000 | 68.55 | 133000000.0000 | 37.31 | 126000000.0000 | 31.02 | 102000000.0000 | 22.21 |
| 2021-03-31 | 949000000.0000 | 15.31 | 44499500.0000 | 37.25 | 44169000.0000 | 54.89 | 34792400.0000 | 50.79 |
| 2020-03-31 | 823000000.0000 | 131.83 | 32421300.0000 | 113.62 | 28515700.0000 | 83.70 | 23073600.0000 | 69.35 |
| 2020-06-30 | 1745000000.0000 | 103.86 | 85991000.0000 | 35.89 | 81081800.0000 | 29.75 | 67488300.0000 | 26.45 |
| 2019-12-31 | 2428000000.0000 | 41.66 | 85583900.0000 | -4.59 | 84841500.0000 | -5.64 | 75867900.0000 | -1.85 |
| 2019-09-30 | 1647000000.0000 | 38.40 | 96859100.0000 | 17.95 | 96166900.0000 | 16.46 | 83461400.0000 | 16.23 |
| 2019-03-31 | 355000000.0000 | 16.39 | 15177300.0000 | -26.96 | 15523300.0000 | -26.74 | 13624500.0000 | -21.35 |
| 2019-06-30 | 856000000.0000 | 12.19 | 63279400.0000 | 6.55 | 62490800.0000 | 4.50 | 53372900.0000 | 5.45 |
| 2018-12-31 | 1714000000.0000 | 50.88 | 89700700.0000 | -13.75 | 89911700.0000 | -15.18 | 77295300.0000 | -14.62 |
| 2018-09-30 | 1190000000.0000 | 51.59 | 82116500.0000 | 2.49 | 82573900.0000 | -0.21 | 71804800.0000 | 2.11 |
| 2018-06-30 | 763000000.0000 | 72.62 | 59391800.0000 | 16.08 | 59798500.0000 | 10.19 | 50615200.0000 | 9.32 |
| 2018-03-31 | 305000000.0000 | 91.82 | 20779400.0000 | 95.23 | 21190200.0000 | 52.14 | 17322700.0000 | 47.68 |
| 2017-12-31 | 1136000000.0000 | 34.60 | 104000000.0000 | 23.63 | 106000000.0000 | 13.98 | 90535300.0000 | 13.07 |
| 2017-09-30 | 785000000.0000 | 20.96 | 80121000.0000 | 21.91 | 82748100.0000 | 12.09 | 70320900.0000 | 11.10 |
| 2017-06-30 | 442000000.0000 | 27.01 | 51165100.0000 | 49.96 | 54270400.0000 | 31.13 | 46299700.0000 | 30.72 |
| 2016-09-30 | 649000000.0000 | 11.13 | 65719400.0000 | 50.17 | 73820000.0000 | 36.61 | 63295500.0000 | 38.12 |
| 2016-12-31 | 844000000.0000 | 4.33 | 84121600.0000 | 29.95 | 92996600.0000 | 21.24 | 80070700.0000 | 21.57 |
| 2017-03-31 | 159000000.0000 | 20.45 | 10643700.0000 | -4.75 | 13928500.0000 | 21.12 | 11730100.0000 | 25.11 |
| 2016-06-30 | 348000000.0000 | -- | 34118200.0000 | -- | 41387700.0000 | -- | 35418000.0000 | -- |
| 2016-03-31 | 132000000.0000 | -- | 11174100.0000 | -- | 11499500.0000 | -- | 9376100.0000 | -- |
| 2015-12-31 | 809000000.0000 | 15.74 | 64734100.0000 | -1.77 | 76705100.0000 | 9.65 | 65862800.0000 | 11.08 |
| 2015-09-30 | 584000000.0000 | -- | 43762600.0000 | -- | 54037900.0000 | -- | 45827100.0000 | -- |
| 2014-12-31 | 699000000.0000 | 26.86 | 65901300.0000 | 33.07 | 69955500.0000 | 26.84 | 59292900.0000 | 25.67 |
| 2014-06-30 | 309000000.0000 | -- | 30018900.0000 | -- | 32373100.0000 | -- | 26691600.0000 | -- |
| 2011-12-31 | 448000000.0000 | -- | 31615200.0000 | -- | 31572500.0000 | -- | 26551000.0000 | -- |
| 2012-12-31 | 650000000.0000 | 45.09 | 55826200.0000 | 76.58 | 54455800.0000 | 72.48 | 46186100.0000 | 73.95 |
| 2013-12-31 | 551000000.0000 | -15.23 | 49523000.0000 | -11.29 | 55153600.0000 | 1.28 | 47182200.0000 | 2.16 |
| 2025-06-30 | 2974000000.0000 | -1.16 | 64791100.0000 | -17.98 | 64491700.0000 | -18.14 | 55935900.0000 | -12.52 |
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 | 0.63 | 0.96 | 0.62 | 1.1800 | 1.7100 | 14.10 | 0.65 |
| 2024-09 | 2.18 | 2.24 | 1.13 | 3.0900 | 1.3600 | 11.56 | 0.50 |
| 2025-03 | 0.80 | 1.23 | 0.19 | 0.7700 | 0.4100 | 13.33 | 0.16 |
| 2024-06 | 2.63 | 2.62 | 0.90 | 2.5000 | 0.9200 | 10.90 | 0.34 |
| 2024-03 | 0.37 | 0.47 | 0.07 | 0.3000 | 0.4000 | 11.23 | 0.15 |
| 2023-12 | -2.11 | -2.34 | -1.81 | -9.5200 | 2.4600 | 16.12 | 0.77 |
| 2023-09 | -0.68 | -0.91 | -0.54 | -4.2800 | 1.9200 | 11.45 | 0.60 |
| 2022-12 | 2.54 | 2.77 | 2.54 | 6.7400 | 3.6400 | 14.05 | 0.92 |
| 2023-03 | 1.18 | 0.85 | 0.17 | 0.2800 | 0.6000 | 12.85 | 0.20 |
| 2023-06 | 0.27 | -0.04 | -0.02 | -1.3900 | 1.2500 | 12.94 | 0.41 |
| 2022-09 | 5.69 | 5.67 | 4.50 | 12.2300 | 3.5200 | 8.17 | 0.79 |
| 2022-06 | 5.68 | 5.59 | 3.03 | 7.8100 | 2.2100 | 8.70 | 0.54 |
| 2021-12 | 3.10 | 2.93 | 3.10 | 5.6100 | 5.3000 | 9.47 | 1.06 |
| 2022-03 | 4.29 | 4.06 | 1.07 | 2.0600 | 1.0200 | 9.39 | 0.26 |
| 2021-06 | 4.69 | 4.53 | 2.50 | 4.8800 | 2.7600 | 7.19 | 0.55 |
| 2021-09 | 3.98 | 3.75 | 3.09 | 6.0700 | 4.5000 | 7.13 | 0.82 |
| 2020-12 | 3.43 | 3.49 | 3.84 | 5.8300 | 4.6600 | 7.21 | 1.10 |
| 2020-09 | 4.83 | 4.54 | 3.85 | 6.8200 | 3.4000 | 6.01 | 0.85 |
| 2021-03 | 4.95 | 4.65 | 1.15 | 1.5000 | 1.1700 | 5.90 | 0.25 |
| 2020-03 | 4.01 | 3.46 | 0.99 | 1.4200 | 1.1000 | 6.65 | 0.29 |
| 2020-06 | 5.27 | 4.65 | 2.57 | 4.8300 | 2.2500 | 6.50 | 0.55 |
| 2019-12 | 2.84 | 3.49 | 3.11 | 5.3500 | 3.7200 | 6.19 | 0.89 |
| 2019-09 | 5.65 | 5.84 | 3.31 | 6.6700 | 2.5800 | 4.12 | 0.57 |
| 2019-03 | 3.94 | 4.37 | 0.71 | 1.5100 | 0.6600 | 3.35 | 0.16 |
| 2019-06 | 7.01 | 7.30 | 2.69 | 4.9000 | 1.3200 | 4.00 | 0.37 |
| 2018-12 | 4.20 | 5.25 | 4.07 | 8.3000 | 3.2600 | 5.01 | 0.78 |
| 2018-09 | 5.97 | 6.94 | 3.81 | 8.0700 | 1.9000 | 3.66 | 0.55 |
| 2018-06 | 6.68 | 7.84 | 3.07 | 5.8600 | 1.3000 | 3.99 | 0.39 |
| 2018-03 | 5.25 | 6.95 | 1.44 | 2.0700 | 0.5500 | 3.70 | 0.21 |
| 2017-12 | 8.27 | 9.33 | 6.39 | 12.0100 | 3.2600 | 5.39 | 0.69 |
| 2017-09 | 9.17 | 10.54 | 5.35 | 6.6600 | 1.8600 | 3.58 | 0.51 |
| 2017-06 | 9.95 | 12.28 | 3.95 | 6.4800 | 1.0700 | 3.79 | 0.32 |
| 2016-09 | 10.17 | 11.37 | 7.52 | 15.3100 | 4.1100 | 3.31 | 0.66 |
| 2016-12 | 9.72 | 11.02 | 9.45 | 19.1300 | 4.1000 | 4.57 | 0.86 |
| 2017-03 | 6.92 | 8.76 | 1.20 | 1.8100 | 0.5700 | 3.07 | 0.14 |
| 2016-06 | 9.77 | 11.89 | 4.36 | 8.7300 | 1.7000 | 3.41 | 0.37 |
| 2016-03 | 8.33 | 8.71 | -- | 2.4000 | -- | -- | -- |
| 2015-12 | 8.28 | 9.48 | 9.03 | 18.3600 | 5.0400 | 4.74 | 0.95 |
| 2015-09 | 7.88 | 9.25 | -- | 13.0300 | -- | -- | -- |
| 2014-12 | 9.30 | 10.01 | 11.16 | 18.9900 | 4.2300 | 4.79 | 1.11 |
| 2014-06 | 9.39 | 10.48 | 4.80 | 8.7300 | 1.3500 | 3.73 | 0.46 |
| 2011-12 | 6.92 | 7.05 | 9.68 | 27.6500 | 3.5800 | 4.79 | 1.37 |
| 2012-12 | 8.62 | 8.38 | 11.54 | 31.8700 | 3.9500 | 6.86 | 1.38 |
| 2013-12 | 8.89 | 10.01 | 10.43 | 20.5800 | 2.7500 | 4.81 | 1.04 |
| 2025-06 | 2.15 | 2.17 | -- | -- | -- | -- | -- |
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 | 68.63 | 31.37 | 0.8400 | 0.2000 |
| 2024-09 | 69.73 | 30.26 | 0.8700 | 0.2500 |
| 2025-03 | 69.80 | 30.19 | 0.9000 | 0.2000 |
| 2024-06 | 69.32 | 30.68 | 0.8700 | 0.2400 |
| 2024-03 | 70.67 | 29.33 | 0.8900 | 0.2300 |
| 2023-12 | 70.80 | 29.20 | 0.9000 | 0.2600 |
| 2023-09 | 72.32 | 27.67 | 0.8600 | 0.2700 |
| 2022-12 | 68.16 | 31.85 | 0.8800 | 0.2500 |
| 2023-03 | 68.58 | 31.43 | 0.8800 | 0.2500 |
| 2023-06 | 70.42 | 29.59 | 0.8500 | 0.2400 |
| 2022-09 | 62.25 | 37.75 | 1.0300 | 0.5000 |
| 2022-06 | 61.13 | 38.87 | 1.1200 | 0.5300 |
| 2021-12 | 56.70 | 43.30 | 1.1400 | 0.5400 |
| 2022-03 | 59.27 | 40.73 | 1.1000 | 0.4700 |
| 2021-06 | 62.81 | 37.19 | 1.0300 | 0.5600 |
| 2021-09 | 54.41 | 45.59 | 1.2500 | 0.7100 |
| 2020-12 | 54.44 | 45.56 | 1.1800 | 0.6900 |
| 2020-09 | 54.24 | 45.76 | 1.2400 | 0.7600 |
| 2021-03 | 58.46 | 41.57 | 0.9800 | 0.5000 |
| 2020-03 | 50.50 | 49.50 | 1.3000 | 0.7100 |
| 2020-06 | 53.72 | 46.28 | 1.2600 | 0.7900 |
| 2019-12 | 48.68 | 51.36 | 1.3100 | 0.6700 |
| 2019-09 | 50.24 | 49.76 | 1.3600 | 0.7200 |
| 2019-03 | 51.91 | 48.04 | 1.6000 | 0.8100 |
| 2019-06 | 49.48 | 50.47 | 1.5200 | 0.7300 |
| 2018-12 | 56.43 | 43.52 | 1.6500 | 1.0600 |
| 2018-09 | 55.88 | 44.12 | 1.7100 | 0.9300 |
| 2018-06 | 51.41 | 48.59 | 1.8500 | 1.0400 |
| 2018-03 | 42.51 | 57.49 | 1.6300 | 0.9100 |
| 2017-12 | 50.30 | 49.76 | 1.4700 | 0.9300 |
| 2017-09 | 48.12 | 51.81 | 1.5300 | 0.7800 |
| 2017-06 | 43.52 | 56.48 | 1.7200 | 0.8000 |
| 2016-09 | 54.74 | 45.26 | 1.3600 | 0.9900 |
| 2016-12 | 53.35 | 46.65 | 1.3600 | 0.8400 |
| 2017-03 | 34.57 | 65.35 | 2.1000 | 1.1300 |
| 2016-06 | 55.79 | 44.21 | 1.2800 | 0.8200 |
| 2016-03 | -- | -- | -- | -- |
| 2015-12 | 53.95 | 45.94 | 1.2400 | 0.7700 |
| 2015-09 | -- | -- | -- | -- |
| 2014-12 | 46.41 | 53.75 | 1.5900 | 1.0200 |
| 2014-06 | 53.56 | 46.44 | 1.5500 | 0.7900 |
| 2011-12 | 63.80 | 36.20 | 1.3700 | 0.7100 |
| 2012-12 | 62.08 | 37.92 | 1.3400 | 0.7500 |
| 2013-12 | 43.10 | 56.90 | 1.8800 | 1.0100 |
| 2025-06 | -- | -- | -- | -- |
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 | 5817000000.0000 | 68733900.0000 | 157000000.0000 | 178000000.0000 |
| 2024-09 | 4401000000.0000 | 54538600.0000 | 109000000.0000 | 118000000.0000 |
| 2025-03 | 1484000000.0000 | 17072200.0000 | 36909900.0000 | 34455100.0000 |
| 2024-06 | 2930000000.0000 | 33779900.0000 | 77524500.0000 | 73449500.0000 |
| 2024-03 | 1356000000.0000 | 16207800.0000 | 36238300.0000 | 30999200.0000 |
| 2023-12 | 7146000000.0000 | 88785900.0000 | 233000000.0000 | 162000000.0000 |
| 2023-09 | 5335000000.0000 | 61769200.0000 | 170000000.0000 | 112000000.0000 |
| 2022-12 | 6830000000.0000 | 68170300.0000 | 165000000.0000 | 105000000.0000 |
| 2023-03 | 1513000000.0000 | 17941500.0000 | 37965700.0000 | 21045000.0000 |
| 2023-06 | 3328000000.0000 | 38186100.0000 | 87522500.0000 | 70056200.0000 |
| 2022-09 | 5010000000.0000 | 46513100.0000 | 120000000.0000 | 56891500.0000 |
| 2022-06 | 3123000000.0000 | 30962700.0000 | 68729800.0000 | 39489300.0000 |
| 2021-12 | 5251000000.0000 | 65851700.0000 | 135000000.0000 | 48145000.0000 |
| 2022-03 | 1406000000.0000 | 15927400.0000 | 36996600.0000 | 11002200.0000 |
| 2021-06 | 2316000000.0000 | 28152900.0000 | 64418700.0000 | 9340500.0000 |
| 2021-09 | 3841000000.0000 | 44369500.0000 | 96951500.0000 | 16716800.0000 |
| 2020-12 | 3515000000.0000 | 54954000.0000 | 105000000.0000 | 15215500.0000 |
| 2020-09 | 2642000000.0000 | 36558100.0000 | 65571300.0000 | 9592000.0000 |
| 2021-03 | 902000000.0000 | 13609300.0000 | 28430200.0000 | 4399900.0000 |
| 2020-03 | 790000000.0000 | 10890900.0000 | 21837100.0000 | 3619700.0000 |
| 2020-06 | 1653000000.0000 | 23160100.0000 | 42055800.0000 | 6703700.0000 |
| 2019-12 | 2359000000.0000 | 51528300.0000 | 82611600.0000 | 23318800.0000 |
| 2019-09 | 1554000000.0000 | 36673700.0000 | 44374200.0000 | 19711000.0000 |
| 2019-03 | 341000000.0000 | 8746400.0000 | 11356900.0000 | 4054600.0000 |
| 2019-06 | 796000000.0000 | 21496900.0000 | 25806300.0000 | 4448100.0000 |
| 2018-12 | 1642000000.0000 | 43473200.0000 | 42871800.0000 | 45799100.0000 |
| 2018-09 | 1119000000.0000 | 34143800.0000 | 30158100.0000 | 19368900.0000 |
| 2018-06 | 712000000.0000 | 19745900.0000 | 20714000.0000 | 16030200.0000 |
| 2018-03 | 289000000.0000 | 7748400.0000 | 9093800.0000 | 5241500.0000 |
| 2017-12 | 1042000000.0000 | 36251600.0000 | 35053600.0000 | 14643600.0000 |
| 2017-09 | 713000000.0000 | 27011400.0000 | 26308800.0000 | 6752100.0000 |
| 2017-06 | 398000000.0000 | 16408400.0000 | 35258300.0000 | 3810800.0000 |
| 2016-09 | 583000000.0000 | 16781100.0000 | 40675000.0000 | 13902100.0000 |
| 2016-12 | 762000000.0000 | 27402800.0000 | 56025100.0000 | 17541500.0000 |
| 2017-03 | 148000000.0000 | 5999200.0000 | 14175800.0000 | 1683100.0000 |
| 2016-06 | 314000000.0000 | 10605000.0000 | 26217300.0000 | 9281700.0000 |
| 2016-03 | 121000000.0000 | 3121700.0000 | 8417200.0000 | 3428300.0000 |
| 2015-12 | 742000000.0000 | 22256600.0000 | 48690000.0000 | 19196100.0000 |
| 2015-09 | 538000000.0000 | 14431400.0000 | 35867800.0000 | 14934600.0000 |
| 2014-12 | 634000000.0000 | 19948900.0000 | 46120500.0000 | 11342300.0000 |
| 2014-06 | 280000000.0000 | 8162400.0000 | 20846300.0000 | 5801800.0000 |
| 2011-12 | 417000000.0000 | 9152200.0000 | 32445700.0000 | 4852000.0000 |
| 2012-12 | 594000000.0000 | 16956900.0000 | 38765000.0000 | 8518500.0000 |
| 2013-12 | 502000000.0000 | 14938500.0000 | 45050300.0000 | 11839800.0000 |
| 2025-06 | 2910000000.0000 | 32524200.0000 | 74083000.0000 | 82043800.0000 |