中商官网
研究报告
香飘飘（603711）
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 | 3287000000.0000 | -9.32 | 310000000.0000 | -9.62 | 307000000.0000 | -9.97 | 252000000.0000 | -10.00 |
| 2025-03-31 | 580000000.0000 | -20.00 | -27549100.0000 | -191.26 | -27346400.0000 | -191.07 | -18775100.0000 | -174.27 |
| 2024-09-30 | 1938000000.0000 | -2.07 | 7783600.0000 | -137.46 | 6177600.0000 | -128.02 | 17538100.0000 | 448.46 |
| 2024-06-30 | 1179000000.0000 | 0.68 | -48897900.0000 | -35.83 | -49749600.0000 | -35.66 | -29695500.0000 | -33.05 |
| 2023-09-30 | 1979000000.0000 | 29.35 | -20780600.0000 | -80.02 | -22045800.0000 | -79.96 | 3197700.0000 | -104.26 |
| 2023-12-31 | 3625000000.0000 | 15.89 | 343000000.0000 | 20.35 | 341000000.0000 | 20.49 | 280000000.0000 | 30.84 |
| 2024-03-31 | 725000000.0000 | 6.77 | 30186400.0000 | 1699.06 | 30026700.0000 | 2018.14 | 25278000.0000 | 332.68 |
| 2023-06-30 | 1171000000.0000 | 36.32 | -76199500.0000 | -55.95 | -77328100.0000 | -56.80 | -44356000.0000 | -65.62 |
| 2023-03-31 | 679000000.0000 | 36.90 | 1677900.0000 | -102.04 | 1417600.0000 | -101.74 | 5842200.0000 | -109.79 |
| 2022-12-31 | 3128000000.0000 | -9.75 | 285000000.0000 | 25.55 | 283000000.0000 | 3.66 | 214000000.0000 | -3.60 |
| 2022-09-30 | 1530000000.0000 | -22.49 | -104000000.0000 | -359.83 | -110000000.0000 | -386.54 | -75020200.0000 | -290.43 |
| 2022-06-30 | 859000000.0000 | -21.05 | -173000000.0000 | 93.02 | -179000000.0000 | 96.14 | -129000000.0000 | 107.21 |
| 2022-03-31 | 496000000.0000 | -28.22 | -82121700.0000 | -7658.37 | -81680900.0000 | 18296.60 | -59667400.0000 | -2105.49 |
| 2021-09-30 | 1974000000.0000 | 4.28 | 40026100.0000 | -31.51 | 38388800.0000 | -19.99 | 39395500.0000 | -11.45 |
| 2021-12-31 | 3466000000.0000 | -7.84 | 227000000.0000 | -51.29 | 273000000.0000 | -40.00 | 222000000.0000 | -37.99 |
| 2021-06-30 | 1088000000.0000 | 9.79 | -89628800.0000 | 11.80 | -91262400.0000 | 0.45 | -62256400.0000 | -2.55 |
| 2020-12-31 | 3761000000.0000 | -5.46 | 466000000.0000 | 5.91 | 455000000.0000 | 2.94 | 358000000.0000 | 3.17 |
| 2021-03-31 | 691000000.0000 | 60.70 | 1086500.0000 | -101.03 | -444000.0000 | -99.62 | 2975200.0000 | -103.48 |
| 2020-09-30 | 1893000000.0000 | -20.46 | 58441100.0000 | -62.78 | 47977200.0000 | -70.01 | 44490200.0000 | -66.30 |
| 2020-06-30 | 991000000.0000 | -28.03 | -80168700.0000 | -513.71 | -90853800.0000 | -529.94 | -63882400.0000 | -371.50 |
| 2019-09-30 | 2380000000.0000 | 41.67 | 157000000.0000 | 89.11 | 160000000.0000 | 53.85 | 132000000.0000 | 57.13 |
| 2019-12-31 | 3978000000.0000 | 22.36 | 440000000.0000 | 9.45 | 442000000.0000 | 9.95 | 347000000.0000 | 10.16 |
| 2020-03-31 | 430000000.0000 | -48.63 | -105000000.0000 | -257.58 | -116000000.0000 | -274.56 | -85568700.0000 | -264.67 |
| 2019-03-31 | 837000000.0000 | 28.37 | 66632800.0000 | 232.50 | 66450900.0000 | 90.49 | 51964100.0000 | 83.61 |
| 2019-06-30 | 1377000000.0000 | 58.28 | 19378100.0000 | -120.97 | 21131800.0000 | -126.81 | 23529600.0000 | -143.11 |
| 2018-09-30 | 1680000000.0000 | 25.37 | 83020100.0000 | 11.53 | 104000000.0000 | -0.95 | 84004600.0000 | 2.65 |
| 2018-12-31 | 3251000000.0000 | 23.14 | 402000000.0000 | 26.81 | 402000000.0000 | 16.52 | 315000000.0000 | 17.54 |
| 2018-06-30 | 870000000.0000 | 55.36 | -92392400.0000 | 50.94 | -78816500.0000 | 88.59 | -54586000.0000 | 78.92 |
| 2018-03-31 | 652000000.0000 | 111.00 | 20040200.0000 | 112.23 | 34885100.0000 | 29.74 | 28300800.0000 | 35.04 |
| 2017-12-31 | 2640000000.0000 | 10.46 | 317000000.0000 | 4.62 | 345000000.0000 | 5.50 | 268000000.0000 | 0.75 |
| 2017-06-30 | 560000000.0000 | -- | -61211500.0000 | -∞ | -41791700.0000 | -∞ | -30508100.0000 | -∞ |
| 2017-09-30 | 1340000000.0000 | -- | 74438800.0000 | -- | 105000000.0000 | -- | 81833300.0000 | -- |
| 2016-12-31 | 2390000000.0000 | 22.44 | 303000000.0000 | 26.25 | 327000000.0000 | 21.11 | 266000000.0000 | 31.03 |
| 2017-03-31 | 309000000.0000 | -- | 9442600.0000 | -- | 26888800.0000 | -- | 20957600.0000 | -- |
| 2015-12-31 | 1952000000.0000 | -6.74 | 240000000.0000 | 6.67 | 270000000.0000 | 10.66 | 203000000.0000 | 9.73 |
| 2015-06-30 | 598000000.0000 | -- | 80730200.0000 | -- | 95519600.0000 | -- | 71058800.0000 | -- |
| 2013-12-31 | 2102000000.0000 | 9.25 | 229000000.0000 | 0.00 | 244000000.0000 | 6.55 | 184000000.0000 | 8.24 |
| 2014-12-31 | 2093000000.0000 | -0.43 | 225000000.0000 | -1.75 | 244000000.0000 | 0.00 | 185000000.0000 | 0.54 |
| 2012-12-31 | 1924000000.0000 | -- | 229000000.0000 | -- | 229000000.0000 | -- | 170000000.0000 | -- |
| 2025-06-30 | 1035000000.0000 | -12.21 | -137000000.0000 | 180.18 | -137000000.0000 | 175.38 | -97634100.0000 | 228.78 |
| 2025-09-30 | 1684000000.0000 | -13.11 | -114000000.0000 | -1564.62 | -119000000.0000 | -2026.31 | -89620400.0000 | -611.00 |
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 | 7.85 | 9.34 | 6.30 | 7.4100 | 11.6500 | 58.16 | 0.67 |
| 2025-03 | -6.38 | -4.71 | -0.61 | -0.5400 | 2.4800 | 53.49 | 0.13 |
| 2024-09 | -1.55 | 0.32 | 0.13 | 0.5300 | 7.6100 | 65.45 | 0.40 |
| 2024-06 | -6.11 | -4.22 | -1.15 | -0.8800 | 5.7900 | 57.32 | 0.27 |
| 2023-09 | -4.09 | -1.11 | -0.44 | 0.1100 | 7.9700 | 64.06 | 0.40 |
| 2023-12 | 7.48 | 9.41 | 6.51 | 8.6700 | 13.5800 | 64.86 | 0.69 |
| 2024-03 | 3.03 | 4.14 | 0.65 | 0.7500 | 3.2400 | 63.94 | 0.16 |
| 2023-06 | -10.85 | -6.60 | -1.67 | -1.4200 | 5.8000 | 60.10 | 0.25 |
| 2023-03 | -2.36 | 0.21 | 0.03 | 0.1900 | 3.0600 | 57.14 | 0.15 |
| 2022-12 | 7.26 | 9.05 | 5.61 | 7.0100 | 12.6200 | 70.59 | 0.62 |
| 2022-09 | -9.87 | -7.19 | -2.61 | -2.5700 | 6.9800 | 80.18 | 0.36 |
| 2022-06 | -24.45 | -20.84 | -4.10 | -4.4400 | 4.9800 | 72.29 | 0.20 |
| 2022-03 | -20.36 | -16.47 | -1.73 | -2.0200 | 2.6400 | 79.12 | 0.11 |
| 2021-09 | -2.33 | 1.94 | 0.83 | 1.3900 | 8.6400 | 150.00 | 0.43 |
| 2021-12 | 3.98 | 7.88 | 5.45 | 7.6400 | 14.8200 | 113.92 | 0.69 |
| 2021-06 | -13.05 | -8.39 | -2.22 | -2.2100 | 5.9200 | 145.75 | 0.27 |
| 2020-12 | 10.05 | 12.10 | 9.60 | 13.3300 | 14.9900 | 105.26 | 0.79 |
| 2021-03 | -2.75 | -0.06 | -0.01 | 0.1000 | 3.2700 | 128.57 | 0.16 |
| 2020-09 | -0.53 | 2.53 | 1.09 | 1.7500 | 7.4800 | 89.33 | 0.43 |
| 2020-06 | -13.22 | -9.17 | -2.28 | -2.5400 | 4.7100 | 64.52 | 0.25 |
| 2019-09 | 5.00 | 6.72 | 4.37 | 5.9100 | 9.2800 | 108.11 | 0.65 |
| 2019-12 | 9.70 | 11.11 | 11.29 | 14.7000 | 14.6700 | 85.92 | 1.02 |
| 2020-03 | -28.14 | -26.98 | -2.84 | -3.4000 | 1.9400 | 56.69 | 0.11 |
| 2019-03 | 7.65 | 7.94 | 1.97 | 2.3000 | 3.7500 | 87.59 | 0.25 |
| 2019-06 | -0.87 | 1.53 | 0.63 | 1.0500 | 6.5000 | 96.26 | 0.41 |
| 2018-09 | 4.23 | 6.19 | 3.76 | 4.2900 | 7.9000 | 55.64 | 0.61 |
| 2018-12 | 11.01 | 12.37 | 12.04 | 15.2600 | 13.1900 | 51.95 | 0.97 |
| 2018-06 | -11.38 | -9.06 | -3.24 | -2.9000 | 4.9000 | 42.70 | 0.36 |
| 2018-03 | 2.91 | 5.35 | 1.41 | 1.4600 | 3.4900 | 57.51 | 0.26 |
| 2017-12 | 11.74 | 13.07 | 12.29 | 19.5800 | 13.6100 | 58.06 | 0.94 |
| 2017-06 | -11.43 | -7.46 | -- | -2.5300 | -- | -- | -- |
| 2017-09 | 5.22 | 7.84 | 4.90 | 6.5700 | 7.4000 | 136.88 | 0.63 |
| 2016-12 | 12.64 | 13.68 | 15.08 | 23.5300 | 14.0200 | 98.90 | 1.10 |
| 2017-03 | 2.27 | 8.70 | -- | 1.6900 | -- | -- | -- |
| 2015-12 | 12.09 | 13.83 | 16.10 | 22.7700 | 11.8500 | 96.77 | 1.16 |
| 2015-06 | 12.88 | 15.97 | 8.95 | 8.5700 | 5.0000 | 450.00 | 0.56 |
| 2013-12 | 10.75 | 11.61 | 17.35 | 33.6800 | 15.5400 | 642.86 | 1.50 |
| 2014-12 | 10.56 | 11.66 | 15.58 | 26.4200 | 13.7600 | 486.49 | 1.34 |
| 2012-12 | 11.64 | 11.90 | 17.55 | 38.2800 | 14.8600 | 610.17 | 1.47 |
| 2025-06 | -15.46 | -13.24 | -2.99 | -2.8200 | 4.7700 | 43.96 | 0.23 |
| 2025-09 | -8.61 | -7.07 | -- | -- | -- | -- | -- |
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 | 28.32 | 71.70 | 2.3200 | 2.1200 |
| 2025-03 | 22.78 | 77.22 | 2.7900 | 2.5600 |
| 2024-09 | 33.66 | 66.32 | 1.8900 | 1.7200 |
| 2024-06 | 25.96 | 74.04 | 2.3200 | 2.1100 |
| 2023-09 | 38.13 | 61.87 | 1.6300 | 1.5000 |
| 2023-12 | 35.99 | 64.01 | 1.8300 | 1.6900 |
| 2024-03 | 27.24 | 72.76 | 2.3200 | 2.1200 |
| 2023-06 | 34.97 | 65.03 | 1.6800 | 1.5600 |
| 2023-03 | 33.15 | 66.85 | 1.7900 | 1.6600 |
| 2022-12 | 38.07 | 61.93 | 1.6100 | 1.4800 |
| 2022-09 | 32.63 | 67.37 | 1.6100 | 1.3500 |
| 2022-06 | 36.27 | 63.73 | 1.4700 | 1.2600 |
| 2022-03 | 38.03 | 61.97 | 1.5000 | 1.2700 |
| 2021-09 | 39.99 | 59.99 | 1.3800 | 1.1500 |
| 2021-12 | 40.55 | 59.47 | 1.4700 | 1.2700 |
| 2021-06 | 34.66 | 65.34 | 1.4700 | 1.2100 |
| 2020-12 | 40.08 | 59.90 | 1.4800 | 1.2700 |
| 2021-03 | 35.21 | 64.79 | 1.5900 | 1.3400 |
| 2020-09 | 42.49 | 57.51 | 1.3400 | 1.1400 |
| 2020-06 | 39.44 | 60.56 | 1.3400 | 1.1000 |
| 2019-09 | 36.63 | 63.37 | 1.4900 | 1.1400 |
| 2019-12 | 35.27 | 64.71 | 1.6100 | 1.3200 |
| 2020-03 | 39.19 | 60.81 | 1.4100 | 1.1600 |
| 2019-03 | 31.98 | 68.05 | 1.7700 | 0.9200 |
| 2019-06 | 34.73 | 65.27 | 1.5000 | 1.1300 |
| 2018-09 | 28.66 | 71.37 | 2.1400 | 1.4100 |
| 2018-12 | 33.68 | 66.32 | 1.8000 | 1.1500 |
| 2018-06 | 24.60 | 75.40 | 2.3600 | 1.4400 |
| 2018-03 | 21.19 | 78.81 | 3.1100 | 1.9100 |
| 2017-12 | 31.34 | 68.66 | 2.4500 | 1.9400 |
| 2017-06 | -- | -- | -- | -- |
| 2017-09 | 42.42 | 57.58 | 1.5900 | 1.2400 |
| 2016-12 | 41.72 | 58.28 | 1.7100 | 1.4800 |
| 2017-03 | -- | -- | -- | -- |
| 2015-12 | 40.49 | 59.45 | 1.7600 | 1.5200 |
| 2015-06 | 18.93 | 81.07 | 3.2100 | 2.7800 |
| 2013-12 | 56.76 | 43.31 | 1.2600 | 1.1400 |
| 2014-12 | 49.30 | 50.70 | 1.5000 | 1.0000 |
| 2012-12 | 66.44 | 33.56 | 1.0800 | 0.9500 |
| 2025-06 | 25.84 | 74.19 | 2.4500 | 2.2400 |
| 2025-09 | -- | -- | -- | -- |
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 | 3029000000.0000 | 761000000.0000 | 224000000.0000 | -2162200.0000 |
| 2025-03 | 617000000.0000 | 156000000.0000 | 54671900.0000 | -5140500.0000 |
| 2024-09 | 1968000000.0000 | 534000000.0000 | 171000000.0000 | -52482100.0000 |
| 2024-06 | 1251000000.0000 | 336000000.0000 | 109000000.0000 | 3043400.0000 |
| 2023-09 | 2060000000.0000 | 575000000.0000 | 164000000.0000 | -51713200.0000 |
| 2023-12 | 3354000000.0000 | 860000000.0000 | 228000000.0000 | 10969200.0000 |
| 2024-03 | 703000000.0000 | 174000000.0000 | 55434200.0000 | -19254800.0000 |
| 2023-06 | 1298000000.0000 | 365000000.0000 | 107000000.0000 | 5631800.0000 |
| 2023-03 | 695000000.0000 | 182000000.0000 | 54197900.0000 | -14675200.0000 |
| 2022-12 | 2901000000.0000 | 561000000.0000 | 230000000.0000 | 19814400.0000 |
| 2022-09 | 1681000000.0000 | 392000000.0000 | 169000000.0000 | -35257500.0000 |
| 2022-06 | 1069000000.0000 | 288000000.0000 | 104000000.0000 | 5512100.0000 |
| 2022-03 | 597000000.0000 | 160000000.0000 | 50101200.0000 | -14503800.0000 |
| 2021-09 | 2020000000.0000 | 502000000.0000 | 149000000.0000 | -2115100.0000 |
| 2021-12 | 3328000000.0000 | 740000000.0000 | 229000000.0000 | 39622300.0000 |
| 2021-06 | 1230000000.0000 | 342000000.0000 | 91280300.0000 | 7365100.0000 |
| 2020-12 | 3383000000.0000 | 714000000.0000 | 218000000.0000 | 27601000.0000 |
| 2021-03 | 710000000.0000 | 186000000.0000 | 41002300.0000 | -3492300.0000 |
| 2020-09 | 1903000000.0000 | 541000000.0000 | 146000000.0000 | -1500000.0000 |
| 2020-06 | 1122000000.0000 | 348000000.0000 | 94230400.0000 | 7291000.0000 |
| 2019-09 | 2261000000.0000 | 610000000.0000 | 156000000.0000 | -126700.0000 |
| 2019-12 | 3592000000.0000 | 967000000.0000 | 214000000.0000 | 13669400.0000 |
| 2020-03 | 551000000.0000 | 194000000.0000 | 47201000.0000 | 6774700.0000 |
| 2019-03 | 773000000.0000 | 208000000.0000 | 44723300.0000 | 258700.0000 |
| 2019-06 | 1389000000.0000 | 391000000.0000 | 99960900.0000 | 6870700.0000 |
| 2018-09 | 1609000000.0000 | 462000000.0000 | 70105600.0000 | -2824200.0000 |
| 2018-12 | 2893000000.0000 | 800000000.0000 | 130000000.0000 | 4664100.0000 |
| 2018-06 | 969000000.0000 | 317000000.0000 | 45432900.0000 | 2471600.0000 |
| 2018-03 | 633000000.0000 | 177000000.0000 | 30880800.0000 | -1914900.0000 |
| 2017-12 | 2330000000.0000 | 617000000.0000 | 100000000.0000 | 10680400.0000 |
| 2017-06 | 624000000.0000 | 205000000.0000 | 41421600.0000 | 4425200.0000 |
| 2017-09 | 1270000000.0000 | 360000000.0000 | 59144500.0000 | 668600.0000 |
| 2016-12 | 2088000000.0000 | 676000000.0000 | 84547200.0000 | 5683600.0000 |
| 2017-03 | 302000000.0000 | 108000000.0000 | 25024900.0000 | -1741500.0000 |
| 2015-12 | 1716000000.0000 | 520000000.0000 | 81710200.0000 | 181500.0000 |
| 2015-06 | 521000000.0000 | 130000000.0000 | 35663800.0000 | -5263300.0000 |
| 2013-12 | 1876000000.0000 | 516000000.0000 | 117000000.0000 | -15421100.0000 |
| 2014-12 | 1872000000.0000 | 583000000.0000 | 83257300.0000 | 2553700.0000 |
| 2012-12 | 1700000000.0000 | 501000000.0000 | 46199800.0000 | -2430900.0000 |
| 2025-06 | 1195000000.0000 | 331000000.0000 | 100000000.0000 | 4465900.0000 |
| 2025-09 | 1829000000.0000 | 500000000.0000 | 155000000.0000 | -16490000.0000 |