中商官网
研究报告
三棵树（603737）
主要经济指标
| 类别\年份 | 营业收入 （元) |
营业利润 （元) |
利润总额 （元) |
净利润 （元) |
资产总计 （元) |
负债合计 （元) |
股东权益合计 （元) |
| 2011 | 726000000.0000 | 52720500.0000 | 65860100.0000 | 55158000.0000 | 562000000.0000 | 275000000.0000 | 287000000.0000 |
| 2012 | 833000000.0000 | 79269900.0000 | 93731700.0000 | 77733300.0000 | 624000000.0000 | 289000000.0000 | 335000000.0000 |
| 2013 | 982000000.0000 | 105000000.0000 | 118000000.0000 | 100000000.0000 | 601000000.0000 | 196000000.0000 | 405000000.0000 |
| 2014 | 1262000000.0000 | 102000000.0000 | 128000000.0000 | 103000000.0000 | 810000000.0000 | 348000000.0000 | 463000000.0000 |
| 2015 | 1519000000.0000 | 127000000.0000 | 155000000.0000 | 116000000.0000 | 985000000.0000 | 437000000.0000 | 548000000.0000 |
| 2016 | 1948000000.0000 | 142000000.0000 | 169000000.0000 | 134000000.0000 | 1703000000.0000 | 726000000.0000 | 977000000.0000 |
| 2017 | 2619000000.0000 | 221000000.0000 | 214000000.0000 | 176000000.0000 | 2089000000.0000 | 970000000.0000 | 1119000000.0000 |
| 2018 | 3584000000.0000 | 284000000.0000 | 272000000.0000 | 222000000.0000 | 3166000000.0000 | 1830000000.0000 | 1335000000.0000 |
| 2019 | 5972000000.0000 | 520000000.0000 | 502000000.0000 | 424000000.0000 | 5675000000.0000 | 3839000000.0000 | 1836000000.0000 |
| 2020 | 8200000000.0000 | 610000000.0000 | 583000000.0000 | 535000000.0000 | 9094000000.0000 | 6441000000.0000 | 2653000000.0000 |
| 2021 | 11429000000.0000 | -566000000.0000 | -574000000.0000 | -396000000.0000 | 12379000000.0000 | 10216000000.0000 | 2163000000.0000 |
| 2022 | 11338000000.0000 | 334000000.0000 | 321000000.0000 | 310000000.0000 | 13759000000.0000 | 11285000000.0000 | 2473000000.0000 |
| 2023 | 12476000000.0000 | 205000000.0000 | 190000000.0000 | 177000000.0000 | 14138000000.0000 | 11435000000.0000 | 2703000000.0000 |
| 2024 | 12105000000.0000 | 276000000.0000 | 262000000.0000 | 313000000.0000 | 13993000000.0000 | 11022000000.0000 | 2971000000.0000 |
| 2025 | 12527000000.0000 | 988000000.0000 | 977000000.0000 | 758000000.0000 | -- | -- | -- |
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) |
| 2011 | 7.30 | 9.07 | 11.72 | 21.9000 | 6.5900 | 11.48 | 1.29 |
| 2012 | 9.48 | 11.25 | 15.02 | 25.8300 | 6.9400 | 12.44 | 1.33 |
| 2013 | 10.69 | 12.02 | 19.63 | 27.6100 | 8.0900 | 14.05 | 1.63 |
| 2014 | 8.08 | 10.14 | 15.80 | 24.3000 | 9.3400 | 14.04 | 1.56 |
| 2015 | 8.36 | 10.20 | 15.74 | 23.2000 | 10.1200 | 11.00 | 1.54 |
| 2016 | 7.24 | 8.68 | 9.92 | 16.7000 | 10.4300 | 8.93 | 1.14 |
| 2017 | 7.10 | 8.17 | 10.24 | 16.7200 | 9.8800 | 6.91 | 1.25 |
| 2018 | 6.78 | 7.59 | 8.59 | 18.3100 | 9.5100 | 5.70 | 1.13 |
| 2019 | 7.79 | 8.41 | 8.85 | 23.6100 | 9.5000 | 5.24 | 1.05 |
| 2020 | 6.45 | 7.11 | 6.41 | 25.0600 | 10.9000 | 3.83 | 0.90 |
| 2021 | -5.94 | -5.02 | -4.64 | -18.7100 | 15.9800 | 3.43 | 0.92 |
| 2022 | 2.00 | 2.83 | 2.33 | 15.6400 | 13.1800 | 2.79 | 0.82 |
| 2023 | 0.38 | 1.52 | 1.34 | 7.3600 | 12.1600 | 3.20 | 0.88 |
| 2024 | 0.20 | 2.16 | 1.87 | 12.9700 | 11.5300 | 3.56 | 0.87 |
| 2025 | 5.69 | 7.80 | -- | -- | -- | -- | -- |
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 |
| 2011 | 48.93 | 51.07 | 0.8400 | 0.4800 |
| 2012 | 46.31 | 53.69 | 0.8800 | 0.5700 |
| 2013 | 32.61 | 67.39 | 1.2400 | 0.7700 |
| 2014 | 42.96 | 57.16 | 1.0000 | 0.6800 |
| 2015 | 44.37 | 55.63 | 1.0400 | 0.8000 |
| 2016 | 42.63 | 57.37 | 1.1400 | 0.8300 |
| 2017 | 46.43 | 53.57 | 1.1400 | 0.8500 |
| 2018 | 57.80 | 42.17 | 1.0400 | 0.7200 |
| 2019 | 67.65 | 32.35 | 1.0000 | 0.7700 |
| 2020 | 70.83 | 29.17 | 1.0700 | 0.9400 |
| 2021 | 82.53 | 17.47 | 0.8000 | 0.7000 |
| 2022 | 82.02 | 17.97 | 0.8000 | 0.7000 |
| 2023 | 80.88 | 19.12 | 0.7800 | 0.6500 |
| 2024 | 78.77 | 21.23 | 0.7300 | 0.6000 |
| 2025 | -- | -- | -- | -- |
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) |
| 2011 | 673000000.0000 | 112000000.0000 | 93681200.0000 | 10240700.0000 |
| 2012 | 754000000.0000 | 140000000.0000 | 101000000.0000 | 9075600.0000 |
| 2013 | 877000000.0000 | 182000000.0000 | 115000000.0000 | 6360200.0000 |
| 2014 | 1160000000.0000 | 325000000.0000 | 140000000.0000 | 3938200.0000 |
| 2015 | 1392000000.0000 | 388000000.0000 | 179000000.0000 | 5437100.0000 |
| 2016 | 1807000000.0000 | 485000000.0000 | 225000000.0000 | 4889200.0000 |
| 2017 | 2433000000.0000 | 563000000.0000 | 190000000.0000 | 6824400.0000 |
| 2018 | 3341000000.0000 | 772000000.0000 | 240000000.0000 | 17053500.0000 |
| 2019 | 5507000000.0000 | 1276000000.0000 | 321000000.0000 | 33463800.0000 |
| 2020 | 7671000000.0000 | 1380000000.0000 | 432000000.0000 | 75598900.0000 |
| 2021 | 12108000000.0000 | 1877000000.0000 | 555000000.0000 | 126000000.0000 |
| 2022 | 11111000000.0000 | 1730000000.0000 | 536000000.0000 | 182000000.0000 |
| 2023 | 12428000000.0000 | 2124000000.0000 | 678000000.0000 | 212000000.0000 |
| 2024 | 12081000000.0000 | 1965000000.0000 | 700000000.0000 | 194000000.0000 |
| 2025 | 11814000000.0000 | 2012000000.0000 | 730000000.0000 | 143000000.0000 |