中商官网
研究报告
桃李面包（603866）
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 | 1201000000.0000 | -14.21 | 108000000.0000 | -24.48 | 111000000.0000 | -23.97 | 84037200.0000 | -26.92 |
| 2024-06-30 | 3021000000.0000 | -5.80 | 366000000.0000 | 0.27 | 372000000.0000 | 0.54 | 290000000.0000 | -0.68 |
| 2024-12-31 | 6087000000.0000 | -9.94 | 693000000.0000 | -5.46 | 700000000.0000 | -5.66 | 522000000.0000 | -9.06 |
| 2024-09-30 | 4647000000.0000 | -8.27 | 558000000.0000 | -3.46 | 565000000.0000 | -3.25 | 435000000.0000 | -5.23 |
| 2024-03-31 | 1400000000.0000 | -5.15 | 143000000.0000 | -17.82 | 146000000.0000 | -17.05 | 115000000.0000 | -17.27 |
| 2023-12-31 | 6759000000.0000 | 1.09 | 733000000.0000 | -9.73 | 742000000.0000 | -9.07 | 574000000.0000 | -10.31 |
| 2023-09-30 | 5066000000.0000 | 0.76 | 578000000.0000 | -6.92 | 584000000.0000 | -6.41 | 459000000.0000 | -6.33 |
| 2023-03-31 | 1476000000.0000 | 1.65 | 174000000.0000 | -12.56 | 176000000.0000 | -12.87 | 139000000.0000 | -12.03 |
| 2023-06-30 | 3207000000.0000 | 0.03 | 365000000.0000 | -19.96 | 370000000.0000 | -19.04 | 292000000.0000 | -18.44 |
| 2022-09-30 | 5028000000.0000 | 7.83 | 621000000.0000 | -13.75 | 624000000.0000 | -14.52 | 490000000.0000 | -13.73 |
| 2022-12-31 | 6686000000.0000 | 5.54 | 812000000.0000 | -16.29 | 816000000.0000 | -16.99 | 640000000.0000 | -16.12 |
| 2022-06-30 | 3206000000.0000 | 9.08 | 456000000.0000 | -2.15 | 457000000.0000 | -3.38 | 358000000.0000 | -2.72 |
| 2022-03-31 | 1452000000.0000 | 9.42 | 199000000.0000 | -2.45 | 202000000.0000 | -2.88 | 158000000.0000 | -2.47 |
| 2021-09-30 | 4663000000.0000 | 6.66 | 720000000.0000 | -17.34 | 730000000.0000 | -17.23 | 568000000.0000 | -17.20 |
| 2021-06-30 | 2939000000.0000 | 7.30 | 466000000.0000 | -11.91 | 473000000.0000 | -11.92 | 368000000.0000 | -11.96 |
| 2021-12-31 | 6335000000.0000 | 6.24 | 970000000.0000 | -13.93 | 983000000.0000 | -13.62 | 763000000.0000 | -13.59 |
| 2020-12-31 | 5963000000.0000 | 5.65 | 1127000000.0000 | 30.59 | 1138000000.0000 | 30.21 | 883000000.0000 | 29.28 |
| 2021-03-31 | 1327000000.0000 | 0.30 | 204000000.0000 | -18.07 | 208000000.0000 | -16.80 | 162000000.0000 | -16.49 |
| 2020-03-31 | 1323000000.0000 | 15.85 | 249000000.0000 | 63.82 | 250000000.0000 | 61.29 | 194000000.0000 | 60.33 |
| 2020-09-30 | 4372000000.0000 | 6.07 | 871000000.0000 | 36.73 | 882000000.0000 | 36.74 | 686000000.0000 | 36.38 |
| 2020-06-30 | 2739000000.0000 | 7.08 | 529000000.0000 | 38.12 | 537000000.0000 | 38.40 | 418000000.0000 | 37.50 |
| 2019-12-31 | 5644000000.0000 | 16.78 | 863000000.0000 | 4.73 | 874000000.0000 | 6.07 | 683000000.0000 | 6.39 |
| 2019-09-30 | 4122000000.0000 | 16.97 | 637000000.0000 | 7.97 | 645000000.0000 | 8.22 | 503000000.0000 | 8.64 |
| 2019-03-31 | 1142000000.0000 | 15.47 | 152000000.0000 | 10.95 | 155000000.0000 | 11.51 | 121000000.0000 | 12.04 |
| 2019-06-30 | 2558000000.0000 | 18.04 | 383000000.0000 | 14.67 | 388000000.0000 | 14.79 | 304000000.0000 | 15.59 |
| 2018-12-31 | 4833000000.0000 | 18.46 | 824000000.0000 | 26.38 | 824000000.0000 | 25.23 | 642000000.0000 | 25.15 |
| 2018-09-30 | 3524000000.0000 | 19.26 | 590000000.0000 | 30.24 | 596000000.0000 | 29.85 | 463000000.0000 | 29.33 |
| 2018-06-30 | 2167000000.0000 | 19.33 | 334000000.0000 | 45.22 | 338000000.0000 | 45.06 | 263000000.0000 | 43.72 |
| 2017-12-31 | 4080000000.0000 | 23.45 | 652000000.0000 | 21.42 | 658000000.0000 | 17.50 | 513000000.0000 | 17.66 |
| 2018-03-31 | 989000000.0000 | 20.61 | 137000000.0000 | 60.39 | 139000000.0000 | 54.05 | 108000000.0000 | 51.52 |
| 2017-09-30 | 2955000000.0000 | 24.32 | 453000000.0000 | 12.97 | 459000000.0000 | 9.55 | 358000000.0000 | 10.15 |
| 2017-06-30 | 1816000000.0000 | 24.38 | 230000000.0000 | -2.95 | 233000000.0000 | -4.12 | 183000000.0000 | -3.17 |
| 2017-03-31 | 820000000.0000 | 23.87 | 85416200.0000 | -19.42 | 90230900.0000 | -15.67 | 71277600.0000 | -13.83 |
| 2016-09-30 | 2377000000.0000 | 28.90 | 401000000.0000 | 25.31 | 419000000.0000 | 29.72 | 325000000.0000 | 30.52 |
| 2016-12-31 | 3305000000.0000 | 28.95 | 537000000.0000 | 22.32 | 560000000.0000 | 25.28 | 436000000.0000 | 25.65 |
| 2016-06-30 | 1460000000.0000 | 28.52 | 237000000.0000 | 27.42 | 243000000.0000 | 29.95 | 189000000.0000 | 30.34 |
| 2015-12-31 | 2563000000.0000 | 24.54 | 439000000.0000 | 26.51 | 447000000.0000 | 26.99 | 347000000.0000 | 27.11 |
| 2016-03-31 | 662000000.0000 | 31.35 | 106000000.0000 | 44.44 | 107000000.0000 | 44.64 | 82719500.0000 | 44.42 |
| 2015-06-30 | 1136000000.0000 | -- | 186000000.0000 | -- | 187000000.0000 | -- | 145000000.0000 | -- |
| 2015-09-30 | 1844000000.0000 | 25.96 | 320000000.0000 | 29.03 | 323000000.0000 | 28.17 | 249000000.0000 | 29.02 |
| 2015-03-31 | 504000000.0000 | 23.53 | 73388200.0000 | 9.82 | 73975000.0000 | 8.47 | 57275400.0000 | 9.27 |
| 2014-12-31 | 2058000000.0000 | 17.06 | 347000000.0000 | 5.79 | 352000000.0000 | 5.39 | 273000000.0000 | 7.06 |
| 2014-09-30 | 1464000000.0000 | -- | 248000000.0000 | -- | 252000000.0000 | -- | 193000000.0000 | -- |
| 2013-12-31 | 1758000000.0000 | 15.05 | 328000000.0000 | 16.31 | 334000000.0000 | 15.97 | 255000000.0000 | 18.60 |
| 2014-03-31 | 408000000.0000 | -- | 66826500.0000 | -- | 68199500.0000 | -- | 52417900.0000 | -- |
| 2012-12-31 | 1528000000.0000 | 27.76 | 282000000.0000 | 45.36 | 288000000.0000 | 46.94 | 215000000.0000 | 47.26 |
| 2011-12-31 | 1196000000.0000 | -- | 194000000.0000 | -- | 196000000.0000 | -- | 146000000.0000 | -- |
| 2025-06-30 | 2611000000.0000 | -13.57 | 266000000.0000 | -27.32 | 272000000.0000 | -26.88 | 204000000.0000 | -29.66 |
| 2025-09-30 | 4049000000.0000 | -12.87 | 408000000.0000 | -26.88 | 411000000.0000 | -27.26 | 298000000.0000 | -31.49 |
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 | 8.74 | 9.24 | 1.53 | 1.6200 | 6.8800 | 13.10 | 0.17 |
| 2024-06 | 11.78 | 12.31 | 5.27 | 5.6400 | 14.0400 | 13.23 | 0.43 |
| 2024-12 | 10.96 | 11.50 | 9.89 | 10.2200 | 30.5900 | 14.29 | 0.86 |
| 2024-09 | 11.68 | 12.16 | 7.88 | 8.4500 | 21.5900 | 13.21 | 0.65 |
| 2024-03 | 9.86 | 10.43 | 2.05 | 2.2400 | 6.6600 | 12.44 | 0.20 |
| 2023-12 | 10.55 | 10.98 | 10.53 | 11.5600 | 28.1200 | 13.86 | 0.96 |
| 2023-09 | 11.13 | 11.53 | 8.43 | 9.2500 | 20.1200 | 12.66 | 0.73 |
| 2023-03 | 11.18 | 11.92 | 2.59 | 2.7200 | 6.1500 | 11.88 | 0.22 |
| 2023-06 | 11.10 | 11.54 | 5.69 | 5.8300 | 13.2600 | 13.04 | 0.49 |
| 2022-09 | 12.31 | 12.41 | 9.74 | 10.0600 | 21.5700 | 12.38 | 0.79 |
| 2022-12 | 12.00 | 12.20 | 12.32 | 13.1000 | 27.1100 | 13.25 | 1.01 |
| 2022-06 | 13.57 | 14.25 | 7.57 | 7.2600 | 12.7400 | 12.30 | 0.53 |
| 2022-03 | 13.15 | 13.91 | 3.21 | 3.1500 | 6.1000 | 11.42 | 0.23 |
| 2021-09 | 14.37 | 15.66 | 12.59 | 11.9900 | 23.0800 | 11.83 | 0.80 |
| 2021-06 | 14.53 | 16.09 | 8.75 | 7.7100 | 15.5800 | 12.24 | 0.54 |
| 2021-12 | 14.51 | 15.52 | 16.34 | 16.0100 | 30.0900 | 12.68 | 1.05 |
| 2020-12 | 17.73 | 19.08 | 20.02 | 21.9800 | 31.0800 | 12.11 | 1.05 |
| 2021-03 | 14.54 | 15.67 | 3.55 | 3.3100 | 6.9200 | 11.24 | 0.23 |
| 2020-03 | 17.46 | 18.90 | 4.61 | 5.0600 | 5.5800 | 10.26 | 0.24 |
| 2020-09 | 18.66 | 20.17 | 16.22 | 18.0800 | 16.8900 | 11.40 | 0.80 |
| 2020-06 | 17.82 | 19.61 | 10.71 | 10.8700 | 12.5700 | 11.31 | 0.55 |
| 2019-12 | 14.58 | 15.49 | 16.85 | 19.5600 | 28.3500 | 12.24 | 1.09 |
| 2019-09 | 14.82 | 15.65 | 12.75 | 14.7500 | 21.0600 | 11.57 | 0.81 |
| 2019-03 | 12.26 | 13.57 | 3.85 | 3.4800 | 6.3400 | 10.69 | 0.28 |
| 2019-06 | 14.27 | 15.17 | 10.13 | 8.8900 | 13.9900 | 11.43 | 0.67 |
| 2018-12 | 15.75 | 17.05 | 21.07 | 19.7100 | 28.0600 | 12.69 | 1.24 |
| 2018-09 | 15.64 | 16.91 | 15.76 | 14.3700 | 19.9700 | 11.63 | 0.93 |
| 2018-06 | 14.86 | 15.60 | 9.75 | 8.1500 | 13.4300 | 12.50 | 0.63 |
| 2017-12 | 15.81 | 16.13 | 18.66 | 22.3600 | 28.0100 | 13.31 | 1.16 |
| 2018-03 | 13.35 | 14.05 | 3.81 | 3.3700 | 6.3200 | 12.10 | 0.27 |
| 2017-09 | 15.19 | 15.53 | 17.06 | 16.4500 | 19.1200 | 12.47 | 1.10 |
| 2017-06 | 12.44 | 12.83 | 9.21 | 8.6100 | 14.1000 | 12.54 | 0.72 |
| 2017-03 | 10.61 | 11.00 | 3.70 | 3.4100 | 6.4000 | 11.88 | 0.34 |
| 2016-09 | 16.87 | 17.63 | 18.15 | 16.9200 | 21.9400 | 12.12 | 1.03 |
| 2016-12 | 16.28 | 16.94 | 23.67 | 22.4200 | 28.5300 | 12.89 | 1.40 |
| 2016-06 | 16.23 | 16.64 | 11.65 | 9.8400 | 14.7700 | 12.45 | 0.70 |
| 2015-12 | 17.09 | 17.44 | 20.84 | 30.3300 | 27.8100 | 12.07 | 1.19 |
| 2016-03 | 16.01 | 16.16 | 4.90 | 4.3300 | 6.7500 | 11.59 | 0.30 |
| 2015-06 | 16.37 | 16.46 | 13.73 | 30.3200 | 13.8900 | 11.23 | 0.83 |
| 2015-09 | 17.35 | 17.52 | 21.25 | 22.6800 | 19.4700 | 11.12 | 1.21 |
| 2015-03 | 14.48 | 14.68 | 5.85 | -- | -- | -- | 0.40 |
| 2014-12 | 16.86 | 17.10 | 28.50 | 28.1900 | 25.7100 | 12.16 | 1.67 |
| 2014-09 | 17.01 | 17.21 | -- | -- | -- | -- | -- |
| 2013-12 | 18.66 | 19.00 | 31.96 | 31.9600 | 23.3700 | 12.61 | 1.68 |
| 2014-03 | 100.00 | 16.72 | -- | -- | -- | -- | -- |
| 2012-12 | 18.52 | 18.85 | 33.68 | 35.0300 | 19.7100 | 12.33 | 1.79 |
| 2011-12 | 16.14 | 16.39 | 26.67 | 30.7500 | 15.3000 | 10.37 | 1.63 |
| 2025-06 | 9.88 | 10.42 | 3.85 | 3.9500 | 14.9500 | 14.34 | 0.37 |
| 2025-09 | 9.80 | 10.15 | -- | -- | -- | -- | -- |
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 | 28.08 | 71.92 | 0.8900 | 0.6200 |
| 2024-06 | 27.85 | 72.15 | 0.6900 | 0.4900 |
| 2024-12 | 27.45 | 72.54 | 0.7500 | 0.4900 |
| 2024-09 | 29.59 | 70.39 | 0.6400 | 0.4500 |
| 2024-03 | 26.97 | 73.05 | 0.8000 | 0.6400 |
| 2023-12 | 27.81 | 72.18 | 0.7700 | 0.5800 |
| 2023-09 | 28.26 | 71.74 | 1.1000 | 0.8200 |
| 2023-03 | 23.97 | 76.03 | 1.8800 | 1.5400 |
| 2023-06 | 26.20 | 73.80 | 1.4400 | 1.0900 |
| 2022-09 | 23.98 | 76.03 | 1.2000 | 0.9000 |
| 2022-12 | 24.10 | 75.90 | 1.4000 | 1.1000 |
| 2022-06 | 21.58 | 78.42 | 1.1500 | 0.8500 |
| 2022-03 | 18.87 | 81.13 | 1.6700 | 1.4200 |
| 2021-09 | 18.34 | 81.68 | 1.6700 | 1.4300 |
| 2021-06 | 16.24 | 83.76 | 1.8900 | 1.6600 |
| 2021-12 | 17.98 | 82.02 | 1.7000 | 1.4300 |
| 2020-12 | 14.99 | 85.01 | 2.8500 | 2.6100 |
| 2021-03 | 14.78 | 85.22 | 2.8000 | 2.5500 |
| 2020-03 | 27.42 | 72.58 | 4.3400 | 3.0400 |
| 2020-09 | 14.78 | 85.22 | 2.9500 | 2.5300 |
| 2020-06 | 30.11 | 69.89 | 3.3900 | 2.5500 |
| 2019-12 | 27.82 | 72.18 | 4.3700 | 3.1200 |
| 2019-09 | 28.71 | 71.31 | 4.2500 | 3.9200 |
| 2019-03 | 11.93 | 88.07 | 4.2100 | 3.8500 |
| 2019-06 | 15.04 | 84.94 | 2.7100 | 2.3700 |
| 2018-12 | 12.50 | 87.47 | 4.1800 | 3.8500 |
| 2018-09 | 14.28 | 85.72 | 3.7300 | 3.4100 |
| 2018-06 | 12.21 | 87.79 | 4.2200 | 3.8200 |
| 2017-12 | 10.52 | 89.51 | 5.2300 | 4.7600 |
| 2018-03 | 10.48 | 89.55 | 5.3000 | 4.8800 |
| 2017-09 | 15.24 | 84.73 | 2.6300 | 2.1900 |
| 2017-06 | 16.83 | 83.17 | 2.2600 | 1.8900 |
| 2017-03 | 12.75 | 87.25 | 3.1100 | 1.9500 |
| 2016-09 | 15.64 | 84.36 | 2.7600 | 2.4600 |
| 2016-12 | 13.06 | 86.94 | 3.1900 | 2.5200 |
| 2016-06 | 13.14 | 86.86 | 3.1900 | 2.8800 |
| 2015-12 | 12.87 | 87.13 | 3.9300 | 3.6500 |
| 2016-03 | 10.54 | 89.46 | 4.6100 | 4.2800 |
| 2015-06 | 19.09 | 80.91 | 1.6700 | 1.4200 |
| 2015-09 | 20.59 | 79.41 | 1.6900 | 1.4200 |
| 2015-03 | 19.78 | 80.22 | -- | -- |
| 2014-12 | 15.95 | 84.05 | 1.9200 | 1.5900 |
| 2014-09 | -- | -- | -- | -- |
| 2013-12 | 13.49 | 86.51 | 2.8000 | 2.3500 |
| 2014-03 | -- | -- | -- | -- |
| 2012-12 | 17.08 | 82.92 | 2.2600 | 1.8800 |
| 2011-12 | 27.62 | 72.38 | 1.3800 | 1.0400 |
| 2025-06 | 27.44 | 72.54 | 0.7700 | 0.4600 |
| 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) |
| 2025-03 | 1096000000.0000 | 104000000.0000 | 23522300.0000 | 7942700.0000 |
| 2024-06 | 2665000000.0000 | 240000000.0000 | 63491400.0000 | 17840200.0000 |
| 2024-12 | 5420000000.0000 | 482000000.0000 | 136000000.0000 | 35440900.0000 |
| 2024-09 | 4104000000.0000 | 368000000.0000 | 98454600.0000 | 24435300.0000 |
| 2024-03 | 1262000000.0000 | 115000000.0000 | 35145700.0000 | 8629800.0000 |
| 2023-12 | 6046000000.0000 | 549000000.0000 | 138000000.0000 | 29219300.0000 |
| 2023-09 | 4502000000.0000 | 407000000.0000 | 106000000.0000 | 17547300.0000 |
| 2023-03 | 1311000000.0000 | 123000000.0000 | 33951700.0000 | 5270500.0000 |
| 2023-06 | 2851000000.0000 | 263000000.0000 | 69274300.0000 | 12709800.0000 |
| 2022-09 | 4409000000.0000 | 404000000.0000 | 91968000.0000 | 5432700.0000 |
| 2022-12 | 5884000000.0000 | 543000000.0000 | 131000000.0000 | 16765600.0000 |
| 2022-06 | 2771000000.0000 | 257000000.0000 | 59341100.0000 | 6808800.0000 |
| 2022-03 | 1261000000.0000 | 123000000.0000 | 32237100.0000 | 1825800.0000 |
| 2021-09 | 3993000000.0000 | 410000000.0000 | 79331100.0000 | -3879000.0000 |
| 2021-06 | 2512000000.0000 | 265000000.0000 | 52165500.0000 | -711300.0000 |
| 2021-12 | 5416000000.0000 | 552000000.0000 | 111000000.0000 | -2715100.0000 |
| 2020-12 | 4906000000.0000 | 524000000.0000 | 100000000.0000 | 31540400.0000 |
| 2021-03 | 1134000000.0000 | 122000000.0000 | 26556800.0000 | -6691300.0000 |
| 2020-03 | 1092000000.0000 | 117000000.0000 | 34570300.0000 | 10267200.0000 |
| 2020-09 | 3556000000.0000 | 377000000.0000 | 67027700.0000 | 24462500.0000 |
| 2020-06 | 2251000000.0000 | 238000000.0000 | 47040400.0000 | 24435900.0000 |
| 2019-12 | 4821000000.0000 | 1228000000.0000 | 102000000.0000 | 14229000.0000 |
| 2019-09 | 3511000000.0000 | 892000000.0000 | 77558700.0000 | -5922000.0000 |
| 2019-03 | 1002000000.0000 | 263000000.0000 | 31354700.0000 | -3360900.0000 |
| 2019-06 | 2193000000.0000 | 566000000.0000 | 52745100.0000 | 321400.0000 |
| 2018-12 | 4072000000.0000 | 999000000.0000 | 88759700.0000 | -10391200.0000 |
| 2018-09 | 2973000000.0000 | 721000000.0000 | 65757900.0000 | -9045900.0000 |
| 2018-06 | 1845000000.0000 | 458000000.0000 | 46159500.0000 | -7614900.0000 |
| 2017-12 | 3435000000.0000 | 757000000.0000 | 76967700.0000 | 1154900.0000 |
| 2018-03 | 857000000.0000 | 215000000.0000 | 27971200.0000 | -4978300.0000 |
| 2017-09 | 2506000000.0000 | 549000000.0000 | 58734900.0000 | -1813800.0000 |
| 2017-06 | 1590000000.0000 | 350000000.0000 | 44239100.0000 | 606800.0000 |
| 2017-03 | 733000000.0000 | 161000000.0000 | 25479200.0000 | -457700.0000 |
| 2016-09 | 1976000000.0000 | 380000000.0000 | 56639800.0000 | -3981300.0000 |
| 2016-12 | 2767000000.0000 | 549000000.0000 | 67601800.0000 | 487200.0000 |
| 2016-06 | 1223000000.0000 | 234000000.0000 | 36580000.0000 | 328400.0000 |
| 2015-12 | 2125000000.0000 | 360000000.0000 | 65624200.0000 | 3519800.0000 |
| 2016-03 | 556000000.0000 | 103000000.0000 | 19144900.0000 | -1426200.0000 |
| 2015-06 | 950000000.0000 | 153000000.0000 | 32315000.0000 | 1904600.0000 |
| 2015-09 | 1524000000.0000 | 251000000.0000 | 47871300.0000 | 2210300.0000 |
| 2015-03 | 431000000.0000 | 67722700.0000 | 18367500.0000 | 581600.0000 |
| 2014-12 | 1711000000.0000 | 260000000.0000 | 56798500.0000 | 377000.0000 |
| 2014-09 | 1215000000.0000 | 182000000.0000 | 41648800.0000 | 173200.0000 |
| 2013-12 | 1430000000.0000 | 213000000.0000 | 52052300.0000 | 1403700.0000 |
| 2014-03 | -- | -- | -- | -- |
| 2012-12 | 1245000000.0000 | 200000000.0000 | 47830700.0000 | 4080600.0000 |
| 2011-12 | 1003000000.0000 | 151000000.0000 | 32686000.0000 | 4555000.0000 |
| 2025-06 | 2353000000.0000 | 222000000.0000 | 53779200.0000 | 16026300.0000 |
| 2025-09 | 3652000000.0000 | 350000000.0000 | 84393200.0000 | 22459100.0000 |