中商官网
研究报告
鸣志电器（603728）
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 | 595000000.0000 | -2.14 | 7545600.0000 | -22.61 | 7536700.0000 | -19.93 | 7191600.0000 | 11.77 |
| 2024-12-31 | 2416000000.0000 | -4.99 | 76265900.0000 | -49.49 | 75471500.0000 | -49.35 | 79407800.0000 | -44.08 |
| 2024-09-30 | 1830000000.0000 | -4.49 | 44520500.0000 | -51.62 | 43218900.0000 | -52.73 | 47964700.0000 | -43.40 |
| 2024-03-31 | 608000000.0000 | -6.46 | 9750500.0000 | -72.61 | 9412600.0000 | -73.48 | 6434100.0000 | -80.31 |
| 2024-06-30 | 1265000000.0000 | -3.14 | 42426000.0000 | -24.47 | 41538600.0000 | -25.67 | 40366500.0000 | -25.07 |
| 2023-09-30 | 1916000000.0000 | -9.79 | 92030300.0000 | -50.25 | 91432400.0000 | -50.58 | 84750000.0000 | -47.36 |
| 2023-06-30 | 1306000000.0000 | 3.00 | 56170600.0000 | -27.02 | 55887200.0000 | -27.36 | 53871100.0000 | -23.68 |
| 2023-12-31 | 2543000000.0000 | -14.09 | 151000000.0000 | -47.02 | 149000000.0000 | -47.72 | 142000000.0000 | -42.97 |
| 2022-12-31 | 2960000000.0000 | 9.06 | 285000000.0000 | -6.86 | 285000000.0000 | -6.56 | 249000000.0000 | -11.70 |
| 2023-03-31 | 650000000.0000 | -3.85 | 35595100.0000 | -26.29 | 35495900.0000 | -26.59 | 32678600.0000 | -16.93 |
| 2022-09-30 | 2124000000.0000 | 5.94 | 185000000.0000 | -20.26 | 185000000.0000 | -20.26 | 161000000.0000 | -21.46 |
| 2022-06-30 | 1268000000.0000 | -1.86 | 76970600.0000 | -49.03 | 76932100.0000 | -49.05 | 70584700.0000 | -45.70 |
| 2021-12-31 | 2714000000.0000 | 22.64 | 306000000.0000 | 31.33 | 305000000.0000 | 30.34 | 282000000.0000 | 39.60 |
| 2021-09-30 | 2005000000.0000 | 25.94 | 232000000.0000 | 40.61 | 232000000.0000 | 39.76 | 205000000.0000 | 43.36 |
| 2022-03-31 | 676000000.0000 | 10.10 | 48293600.0000 | -34.09 | 48351100.0000 | -33.98 | 39339500.0000 | -31.56 |
| 2021-06-30 | 1292000000.0000 | 30.77 | 151000000.0000 | 65.56 | 151000000.0000 | 65.38 | 130000000.0000 | 63.21 |
| 2021-03-31 | 614000000.0000 | 51.60 | 73271700.0000 | 327.93 | 73233200.0000 | 328.31 | 57480000.0000 | 305.74 |
| 2020-09-30 | 1592000000.0000 | 5.08 | 165000000.0000 | 15.38 | 166000000.0000 | 16.08 | 143000000.0000 | 11.72 |
| 2020-12-31 | 2213000000.0000 | 7.53 | 233000000.0000 | 20.73 | 234000000.0000 | 21.24 | 202000000.0000 | 15.43 |
| 2020-06-30 | 988000000.0000 | 1.23 | 91206900.0000 | 12.46 | 91304400.0000 | 12.53 | 79650200.0000 | 5.79 |
| 2020-03-31 | 405000000.0000 | -7.32 | 17122400.0000 | -37.54 | 17098000.0000 | -37.80 | 14166600.0000 | -39.25 |
| 2019-09-30 | 1515000000.0000 | 7.91 | 143000000.0000 | -2.72 | 143000000.0000 | -2.72 | 128000000.0000 | 0.79 |
| 2019-12-31 | 2058000000.0000 | 8.66 | 193000000.0000 | 0.52 | 193000000.0000 | 0.52 | 175000000.0000 | 4.79 |
| 2019-06-30 | 976000000.0000 | 9.29 | 81102900.0000 | -10.90 | 81136300.0000 | -10.90 | 75289400.0000 | -4.38 |
| 2018-12-31 | 1894000000.0000 | 16.34 | 192000000.0000 | 2.67 | 192000000.0000 | 1.05 | 167000000.0000 | 0.60 |
| 2019-03-31 | 437000000.0000 | 15.61 | 27414500.0000 | 3.77 | 27489400.0000 | 3.88 | 23318400.0000 | 2.98 |
| 2018-06-30 | 893000000.0000 | 12.61 | 91025200.0000 | 8.16 | 91063500.0000 | 5.47 | 78737000.0000 | 3.54 |
| 2018-09-30 | 1404000000.0000 | 16.32 | 147000000.0000 | 10.53 | 147000000.0000 | 7.30 | 127000000.0000 | 7.63 |
| 2018-03-31 | 378000000.0000 | 0.53 | 26417900.0000 | -8.12 | 26461800.0000 | -7.94 | 22643000.0000 | -3.68 |
| 2017-12-31 | 1628000000.0000 | 10.37 | 187000000.0000 | 3.31 | 190000000.0000 | 2.15 | 166000000.0000 | 5.73 |
| 2017-09-30 | 1207000000.0000 | 13.76 | 133000000.0000 | 10.83 | 137000000.0000 | 16.10 | 118000000.0000 | 14.56 |
| 2017-06-30 | 793000000.0000 | 16.96 | 84156000.0000 | 11.83 | 86337300.0000 | 21.96 | 76046400.0000 | 23.26 |
| 2017-03-31 | 376000000.0000 | 26.60 | 28751200.0000 | 39.38 | 28743800.0000 | 35.14 | 23507700.0000 | 31.41 |
| 2016-09-30 | 1061000000.0000 | -- | 120000000.0000 | -- | 118000000.0000 | -- | 103000000.0000 | -- |
| 2016-12-31 | 1475000000.0000 | 25.75 | 181000000.0000 | 75.73 | 186000000.0000 | 63.16 | 157000000.0000 | 60.08 |
| 2016-03-31 | 297000000.0000 | -- | 20627700.0000 | -- | 21270400.0000 | -- | 17888300.0000 | -- |
| 2016-06-30 | 678000000.0000 | -- | 75253700.0000 | -- | 70788600.0000 | -- | 61695300.0000 | -- |
| 2013-12-31 | 933000000.0000 | 3.78 | 81818700.0000 | 12.74 | 88455600.0000 | 11.88 | 75550300.0000 | 15.52 |
| 2014-12-31 | 1122000000.0000 | 20.26 | 109000000.0000 | 33.22 | 113000000.0000 | 27.75 | 93342600.0000 | 23.55 |
| 2015-12-31 | 1173000000.0000 | 4.55 | 103000000.0000 | -5.50 | 114000000.0000 | 0.88 | 98075200.0000 | 5.07 |
| 2012-12-31 | 899000000.0000 | -- | 72570000.0000 | -- | 79059800.0000 | -- | 65399000.0000 | -- |
| 2025-06-30 | 1315000000.0000 | 3.95 | 22103200.0000 | -47.90 | 21592800.0000 | -48.02 | 27289700.0000 | -32.40 |
| 2025-09-30 | 2043000000.0000 | 11.64 | 46046200.0000 | 3.43 | 45427600.0000 | 5.11 | 50455400.0000 | 5.19 |
| 2026-03-31 | 700000000.0000 | 17.65 | 7685700.0000 | 1.86 | 7685000.0000 | 1.97 | 13688500.0000 | 90.34 |
| 2025-12-31 | -- | -100.00 | -- | -100.00 | -- | -100.00 | 62599600.0000 | -21.17 |
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 | 0.67 | 1.27 | 0.18 | 0.2500 | 0.6400 | 4.46 | 0.14 |
| 2024-12 | 2.48 | 3.12 | 1.85 | 2.7000 | 2.4800 | 4.20 | 0.59 |
| 2024-09 | 1.97 | 2.36 | 1.09 | 1.6500 | 1.8800 | 4.22 | 0.46 |
| 2024-03 | 0.82 | 1.55 | 0.24 | 0.2300 | 0.6000 | 4.06 | 0.16 |
| 2024-06 | 3.00 | 3.28 | 1.05 | 1.4000 | 1.2800 | 4.12 | 0.32 |
| 2023-09 | 4.44 | 4.77 | 2.37 | 3.0500 | 1.7000 | 3.98 | 0.50 |
| 2023-06 | 4.06 | 4.28 | 1.42 | 1.9400 | 1.1400 | 4.04 | 0.33 |
| 2023-12 | 5.03 | 5.86 | 3.88 | 5.0500 | 2.3000 | 3.88 | 0.66 |
| 2022-12 | 8.78 | 9.63 | 7.37 | 9.6000 | 2.7600 | 4.68 | 0.77 |
| 2023-03 | 4.92 | 5.46 | 0.91 | 1.1900 | 0.5300 | 4.17 | 0.17 |
| 2022-09 | 8.24 | 8.71 | 4.92 | 6.3300 | 1.9200 | 4.60 | 0.56 |
| 2022-06 | 5.84 | 6.07 | 2.17 | 2.8400 | 1.2200 | 4.49 | 0.36 |
| 2021-12 | 9.99 | 11.24 | 9.36 | 12.1000 | 3.6800 | 5.23 | 0.83 |
| 2021-09 | 10.72 | 11.57 | 7.63 | 8.9800 | 2.9100 | 5.38 | 0.66 |
| 2022-03 | 6.80 | 7.15 | 1.46 | 1.5900 | 0.7000 | 4.80 | 0.20 |
| 2021-06 | 10.68 | 11.69 | 5.08 | 5.7700 | 1.9500 | 5.17 | 0.43 |
| 2021-03 | 11.24 | 11.93 | 2.61 | 2.5900 | 1.0400 | 5.15 | 0.22 |
| 2020-09 | 9.55 | 10.43 | 6.15 | 6.8600 | 2.8000 | 4.88 | 0.59 |
| 2020-12 | 9.85 | 10.57 | 8.48 | 9.5900 | 4.0000 | 4.83 | 0.80 |
| 2020-06 | 8.30 | 9.24 | 3.37 | 3.8800 | 1.7800 | 4.45 | 0.36 |
| 2020-03 | 3.70 | 4.22 | 0.65 | 0.7000 | 0.7600 | 3.89 | 0.15 |
| 2019-09 | 8.38 | 9.44 | 5.53 | 6.7400 | 2.8200 | 4.75 | 0.59 |
| 2019-12 | 8.41 | 9.38 | 7.28 | 9.0700 | 3.9000 | 4.75 | 0.78 |
| 2019-06 | 7.17 | 8.31 | 3.14 | 4.0100 | 1.7800 | 4.41 | 0.38 |
| 2018-12 | 8.03 | 10.14 | 7.79 | 9.4500 | 4.1800 | 4.58 | 0.77 |
| 2019-03 | 4.58 | 6.29 | 1.10 | 1.2600 | 0.8000 | 4.13 | 0.17 |
| 2018-06 | 8.17 | 10.20 | 3.96 | 4.5600 | 1.9700 | 3.98 | 0.39 |
| 2018-09 | 8.76 | 10.47 | 6.20 | 7.2900 | 3.0500 | 4.25 | 0.59 |
| 2018-03 | 3.17 | 7.00 | 1.16 | 1.3300 | 0.8600 | 3.74 | 0.17 |
| 2017-12 | 10.63 | 11.67 | 8.76 | 12.9300 | 4.3400 | 4.23 | 0.75 |
| 2017-09 | 10.36 | 11.35 | 6.59 | 10.2400 | 3.3600 | 4.34 | 0.58 |
| 2017-06 | 9.96 | 10.89 | 4.12 | 8.3000 | 2.2000 | 4.10 | 0.38 |
| 2017-03 | 6.38 | 7.64 | 2.29 | 3.0400 | 1.1000 | 4.09 | 0.30 |
| 2016-09 | 11.31 | 11.12 | -- | 15.2800 | -- | -- | -- |
| 2016-12 | 12.68 | 12.61 | 15.31 | 22.4600 | 4.6500 | 4.51 | 1.21 |
| 2016-03 | 6.73 | 7.16 | -- | 2.8000 | -- | -- | -- |
| 2016-06 | 11.21 | 10.44 | -- | 9.5000 | -- | -- | -- |
| 2013-12 | 8.68 | 9.48 | 11.92 | 16.6700 | 4.5000 | 3.75 | 1.26 |
| 2014-12 | 9.71 | 10.07 | 12.83 | 18.1600 | 5.2300 | 4.30 | 1.27 |
| 2015-12 | 8.87 | 9.72 | 10.79 | 16.5200 | 4.3500 | 4.35 | 1.11 |
| 2012-12 | 8.12 | 8.79 | 11.89 | 16.3700 | 3.9700 | 3.88 | 1.35 |
| 2025-06 | 1.14 | 1.64 | 0.49 | 0.9200 | 1.4500 | 4.59 | 0.30 |
| 2025-09 | 1.71 | 2.22 | 1.03 | 1.7000 | 2.2100 | 4.81 | 0.46 |
| 2026-03 | 0.29 | 1.10 | -- | -- | -- | -- | -- |
| 2025-12 | -- | -- | -- | -- | -- | -- | -- |
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 | 31.81 | 68.19 | 1.9500 | 1.3400 |
| 2024-12 | 28.35 | 71.65 | 2.1000 | 1.4600 |
| 2024-09 | 27.30 | 72.70 | 2.3700 | 1.6200 |
| 2024-03 | 25.53 | 74.49 | 2.4900 | 1.6100 |
| 2024-06 | 27.16 | 72.84 | 2.3200 | 1.5500 |
| 2023-09 | 27.19 | 72.81 | 2.3100 | 1.5100 |
| 2023-06 | 29.15 | 70.87 | 2.2200 | 1.4500 |
| 2023-12 | 25.66 | 74.31 | 2.4100 | 1.5500 |
| 2022-12 | 29.72 | 70.28 | 2.2800 | 1.4500 |
| 2023-03 | 29.61 | 70.39 | 2.2800 | 1.4500 |
| 2022-09 | 30.16 | 69.84 | 2.2500 | 1.4500 |
| 2022-06 | 29.53 | 70.47 | 2.3000 | 1.4500 |
| 2021-12 | 24.95 | 75.05 | 2.7800 | 1.8500 |
| 2021-09 | 22.24 | 77.76 | 3.0000 | 2.0100 |
| 2022-03 | 24.95 | 75.05 | 2.7400 | 1.7600 |
| 2021-06 | 23.17 | 76.83 | 2.9100 | 2.0400 |
| 2021-03 | 20.29 | 79.71 | 3.2100 | 2.3800 |
| 2020-09 | 21.07 | 78.93 | 3.3900 | 2.6200 |
| 2020-12 | 20.88 | 79.12 | 3.0700 | 2.3800 |
| 2020-06 | 23.24 | 76.76 | 3.1100 | 2.3900 |
| 2020-03 | 22.91 | 77.09 | 2.7200 | 2.1000 |
| 2019-09 | 23.94 | 76.06 | 3.1500 | 2.3500 |
| 2019-12 | 24.18 | 75.82 | 2.6300 | 2.0500 |
| 2019-06 | 26.05 | 73.95 | 2.8800 | 2.0600 |
| 2018-12 | 25.03 | 74.97 | 3.3700 | 1.9500 |
| 2019-03 | 25.32 | 74.68 | 2.9800 | 2.1200 |
| 2018-06 | 23.70 | 76.30 | 3.5800 | 2.6200 |
| 2018-09 | 23.63 | 76.37 | 3.5900 | 2.3600 |
| 2018-03 | 24.82 | 75.13 | 2.8700 | 2.0400 |
| 2017-12 | 22.08 | 77.92 | 3.6600 | 2.1300 |
| 2017-09 | 20.89 | 79.11 | 3.9200 | 2.9000 |
| 2017-06 | 23.40 | 76.60 | 3.5000 | 2.9700 |
| 2017-03 | 39.90 | 60.10 | 1.7400 | 1.2500 |
| 2016-09 | -- | -- | -- | -- |
| 2016-12 | 36.21 | 63.79 | 1.8900 | 1.3700 |
| 2016-03 | -- | -- | -- | -- |
| 2016-06 | -- | -- | -- | -- |
| 2013-12 | 35.71 | 64.29 | 2.2500 | 1.7400 |
| 2014-12 | 37.57 | 62.43 | 1.9800 | 1.4400 |
| 2015-12 | 39.64 | 60.36 | 1.6200 | 1.1500 |
| 2012-12 | 38.05 | 61.95 | 2.0500 | 1.3800 |
| 2025-06 | 33.22 | 66.78 | 1.8600 | 1.2900 |
| 2025-09 | 32.75 | 67.28 | 1.8300 | 1.2600 |
| 2026-03 | -- | -- | -- | -- |
| 2025-12 | -- | -- | -- | -- |
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 | 591000000.0000 | 59995600.0000 | 92921100.0000 | 365800.0000 |
| 2024-12 | 2356000000.0000 | 221000000.0000 | 363000000.0000 | 697200.0000 |
| 2024-09 | 1794000000.0000 | 165000000.0000 | 273000000.0000 | -5924100.0000 |
| 2024-03 | 603000000.0000 | 56622900.0000 | 88492400.0000 | -2538300.0000 |
| 2024-06 | 1227000000.0000 | 111000000.0000 | 178000000.0000 | -8178300.0000 |
| 2023-09 | 1831000000.0000 | 172000000.0000 | 243000000.0000 | -1511500.0000 |
| 2023-06 | 1253000000.0000 | 119000000.0000 | 175000000.0000 | -4054200.0000 |
| 2023-12 | 2415000000.0000 | 203000000.0000 | 348000000.0000 | 6496000.0000 |
| 2022-12 | 2700000000.0000 | 244000000.0000 | 375000000.0000 | -10008700.0000 |
| 2023-03 | 618000000.0000 | 63187600.0000 | 90489200.0000 | 7517800.0000 |
| 2022-09 | 1949000000.0000 | 200000000.0000 | 283000000.0000 | -22651000.0000 |
| 2022-06 | 1194000000.0000 | 126000000.0000 | 180000000.0000 | -7155100.0000 |
| 2021-12 | 2443000000.0000 | 237000000.0000 | 291000000.0000 | 17436400.0000 |
| 2021-09 | 1790000000.0000 | 155000000.0000 | 218000000.0000 | 12118900.0000 |
| 2022-03 | 630000000.0000 | 70674100.0000 | 78184200.0000 | 5509800.0000 |
| 2021-06 | 1154000000.0000 | 103000000.0000 | 147000000.0000 | 7602700.0000 |
| 2021-03 | 545000000.0000 | 50736100.0000 | 70036000.0000 | 1942800.0000 |
| 2020-09 | 1440000000.0000 | 142000000.0000 | 218000000.0000 | 13895700.0000 |
| 2020-12 | 1995000000.0000 | 198000000.0000 | 266000000.0000 | 26434000.0000 |
| 2020-06 | 906000000.0000 | 92161600.0000 | 139000000.0000 | -521000.0000 |
| 2020-03 | 390000000.0000 | 47032800.0000 | 64817900.0000 | -1752100.0000 |
| 2019-09 | 1388000000.0000 | 142000000.0000 | 208000000.0000 | -3424600.0000 |
| 2019-12 | 1885000000.0000 | 187000000.0000 | 269000000.0000 | 5818800.0000 |
| 2019-06 | 906000000.0000 | 92223200.0000 | 137000000.0000 | 1060400.0000 |
| 2018-12 | 1742000000.0000 | 171000000.0000 | 244000000.0000 | -3824400.0000 |
| 2019-03 | 417000000.0000 | 42336800.0000 | 69293400.0000 | 7628600.0000 |
| 2018-06 | 820000000.0000 | 78903600.0000 | 113000000.0000 | -1496100.0000 |
| 2018-09 | 1281000000.0000 | 123000000.0000 | 179000000.0000 | -12056200.0000 |
| 2018-03 | 366000000.0000 | 36997700.0000 | 54839500.0000 | 7768900.0000 |
| 2017-12 | 1455000000.0000 | 145000000.0000 | 199000000.0000 | 18436500.0000 |
| 2017-09 | 1082000000.0000 | 110000000.0000 | 148000000.0000 | 11437600.0000 |
| 2017-06 | 714000000.0000 | 72268400.0000 | 139000000.0000 | 6672300.0000 |
| 2017-03 | 352000000.0000 | 35982800.0000 | 68239600.0000 | 2537200.0000 |
| 2016-09 | 941000000.0000 | 98650200.0000 | 182000000.0000 | 1148900.0000 |
| 2016-12 | 1288000000.0000 | 135000000.0000 | 246000000.0000 | -1185900.0000 |
| 2016-03 | 277000000.0000 | 30001200.0000 | 57154400.0000 | 1713000.0000 |
| 2016-06 | 602000000.0000 | 64053600.0000 | 120000000.0000 | 265400.0000 |
| 2013-12 | 852000000.0000 | 74726600.0000 | 147000000.0000 | 9588300.0000 |
| 2014-12 | 1013000000.0000 | 90149000.0000 | 172000000.0000 | 5239900.0000 |
| 2015-12 | 1069000000.0000 | 107000000.0000 | 210000000.0000 | 4548600.0000 |
| 2012-12 | 826000000.0000 | 75087400.0000 | 138000000.0000 | 5993000.0000 |
| 2025-06 | 1300000000.0000 | 126000000.0000 | 188000000.0000 | 991300.0000 |
| 2025-09 | 2008000000.0000 | 189000000.0000 | 306000000.0000 | 2308400.0000 |
| 2026-03 | 698000000.0000 | 71847500.0000 | 94680900.0000 | 8709900.0000 |
| 2025-12 | -- | 258000000.0000 | 413000000.0000 | -- |