中商官网
研究报告
牧高笛（603908）
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 | 334000000.0000 | -6.18 | 36918400.0000 | -8.36 | 36917800.0000 | -8.23 | 30690500.0000 | -2.75 |
| 2024-12-31 | 1304000000.0000 | -10.44 | 105000000.0000 | -23.91 | 106000000.0000 | -22.63 | 83761600.0000 | -21.72 |
| 2024-06-30 | 835000000.0000 | -2.91 | 100000000.0000 | -16.67 | 100000000.0000 | -16.67 | 79144300.0000 | -18.42 |
| 2024-09-30 | 1080000000.0000 | -6.49 | 118000000.0000 | -16.31 | 118000000.0000 | -16.31 | 92425100.0000 | -15.98 |
| 2024-03-31 | 356000000.0000 | 3.79 | 40288100.0000 | 13.53 | 40227800.0000 | 13.87 | 31558100.0000 | 9.28 |
| 2023-12-31 | 1456000000.0000 | 1.39 | 138000000.0000 | -20.69 | 137000000.0000 | -22.16 | 107000000.0000 | -24.11 |
| 2023-03-31 | 343000000.0000 | 4.89 | 35487200.0000 | -22.59 | 35329300.0000 | -23.56 | 28877200.0000 | -21.47 |
| 2023-06-30 | 860000000.0000 | -0.81 | 120000000.0000 | -14.29 | 120000000.0000 | -14.89 | 97008400.0000 | -14.15 |
| 2023-09-30 | 1155000000.0000 | -0.26 | 141000000.0000 | -11.88 | 141000000.0000 | -12.42 | 110000000.0000 | -15.38 |
| 2022-09-30 | 1158000000.0000 | 59.94 | 160000000.0000 | 84.16 | 161000000.0000 | 85.69 | 130000000.0000 | 81.96 |
| 2022-12-31 | 1436000000.0000 | 55.58 | 174000000.0000 | 86.51 | 176000000.0000 | 88.46 | 141000000.0000 | 79.36 |
| 2022-03-31 | 327000000.0000 | 55.71 | 45840700.0000 | 61.58 | 46217900.0000 | 63.63 | 36773900.0000 | 73.38 |
| 2022-06-30 | 867000000.0000 | 61.15 | 140000000.0000 | 96.90 | 141000000.0000 | 99.89 | 113000000.0000 | 111.49 |
| 2021-09-30 | 724000000.0000 | 41.96 | 86881100.0000 | 36.75 | 86704100.0000 | 35.70 | 71442900.0000 | 44.21 |
| 2021-12-31 | 923000000.0000 | 43.55 | 93293100.0000 | 58.60 | 93388500.0000 | 59.45 | 78614000.0000 | 70.99 |
| 2021-03-31 | 210000000.0000 | 25.75 | 28370000.0000 | 84.66 | 28245700.0000 | 83.87 | 21209600.0000 | 70.27 |
| 2021-06-30 | 538000000.0000 | 43.85 | 71100700.0000 | 45.24 | 70538200.0000 | 43.85 | 53429700.0000 | 41.82 |
| 2020-12-31 | 643000000.0000 | 21.55 | 58822600.0000 | 11.35 | 58570600.0000 | 7.38 | 45974700.0000 | 12.72 |
| 2020-06-30 | 374000000.0000 | 14.37 | 48954200.0000 | 0.21 | 49034700.0000 | -0.10 | 37675200.0000 | 1.28 |
| 2020-09-30 | 510000000.0000 | 15.12 | 63534600.0000 | 13.83 | 63894600.0000 | 11.86 | 49541900.0000 | 16.66 |
| 2019-12-31 | 529000000.0000 | -3.99 | 52824800.0000 | -6.68 | 54545800.0000 | -8.09 | 40786500.0000 | -0.98 |
| 2020-03-31 | 167000000.0000 | 18.44 | 15363500.0000 | -5.99 | 15361700.0000 | -11.75 | 12456200.0000 | -1.71 |
| 2019-09-30 | 443000000.0000 | -3.70 | 55815600.0000 | 0.24 | 57117800.0000 | -1.07 | 42465900.0000 | -0.19 |
| 2019-06-30 | 327000000.0000 | -8.40 | 48849500.0000 | -5.99 | 49083500.0000 | -5.86 | 37200300.0000 | -4.24 |
| 2019-03-31 | 141000000.0000 | -7.84 | 16341600.0000 | -38.23 | 17407300.0000 | -34.47 | 12672800.0000 | -36.03 |
| 2018-09-30 | 460000000.0000 | 9.79 | 55679200.0000 | -18.33 | 57736900.0000 | -15.94 | 42545400.0000 | -17.96 |
| 2018-12-31 | 551000000.0000 | 6.78 | 56608800.0000 | -19.72 | 59344900.0000 | -16.51 | 41191900.0000 | -17.69 |
| 2018-06-30 | 357000000.0000 | 12.26 | 51960500.0000 | -12.83 | 52141100.0000 | -12.53 | 38849100.0000 | -14.10 |
| 2018-03-31 | 153000000.0000 | 12.50 | 26457600.0000 | -10.35 | 26562400.0000 | -18.19 | 19809100.0000 | -18.79 |
| 2017-12-31 | 516000000.0000 | 19.72 | 70513400.0000 | 18.10 | 71082200.0000 | 15.35 | 50047200.0000 | 5.39 |
| 2017-09-30 | 419000000.0000 | 19.71 | 68178600.0000 | 23.52 | 68685800.0000 | 21.12 | 51860400.0000 | 20.30 |
| 2017-06-30 | 318000000.0000 | 19.55 | 59609500.0000 | 31.64 | 59613100.0000 | 25.76 | 45228400.0000 | 23.51 |
| 2017-03-31 | 136000000.0000 | 7.94 | 29511400.0000 | 28.61 | 32466800.0000 | 30.92 | 24393700.0000 | 27.78 |
| 2016-12-31 | 431000000.0000 | -5.27 | 59708200.0000 | -17.18 | 61621800.0000 | -15.70 | 47486900.0000 | -12.46 |
| 2016-06-30 | 266000000.0000 | -- | 45282300.0000 | -- | 47402100.0000 | -- | 36619700.0000 | -- |
| 2016-09-30 | 350000000.0000 | -- | 55197300.0000 | -- | 56710300.0000 | -- | 43107700.0000 | -- |
| 2016-03-31 | 126000000.0000 | -- | 22946800.0000 | -- | 24798800.0000 | -- | 19090300.0000 | -- |
| 2015-12-31 | 455000000.0000 | 5.32 | 72092600.0000 | 54.60 | 73099200.0000 | 49.56 | 54243000.0000 | 54.70 |
| 2014-12-31 | 432000000.0000 | 8.54 | 46633200.0000 | -20.95 | 48877400.0000 | -19.03 | 35063400.0000 | -23.75 |
| 2014-06-30 | 234000000.0000 | -- | 31137900.0000 | -- | 32851600.0000 | -- | 24363500.0000 | -- |
| 2013-12-31 | 398000000.0000 | 25.95 | 58993200.0000 | 25.75 | 60363800.0000 | 25.95 | 45987700.0000 | 31.99 |
| 2011-12-31 | 323000000.0000 | -- | 35096200.0000 | -- | 38571600.0000 | -- | 29807500.0000 | -- |
| 2012-12-31 | 316000000.0000 | -2.17 | 46912700.0000 | 33.67 | 47927300.0000 | 24.26 | 34842000.0000 | 16.89 |
| 2025-06-30 | 605000000.0000 | -27.54 | 57215900.0000 | -42.78 | 57438700.0000 | -42.56 | 47210100.0000 | -40.35 |
| 2025-09-30 | 819000000.0000 | -24.17 | 46748900.0000 | -60.38 | 46576800.0000 | -60.53 | 36646200.0000 | -60.35 |
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 | 8.68 | 11.05 | 3.11 | 5.2600 | 0.4200 | 7.44 | 0.28 |
| 2024-12 | 5.67 | 8.13 | 9.33 | 15.0100 | 1.5400 | 9.87 | 1.15 |
| 2024-06 | 11.62 | 11.98 | 7.56 | 13.3400 | 1.1300 | 8.03 | 0.63 |
| 2024-09 | 8.06 | 10.93 | 10.46 | 16.0400 | 1.3700 | 9.72 | 0.96 |
| 2024-03 | 10.67 | 11.30 | 3.07 | 5.4100 | 0.4400 | 7.45 | 0.27 |
| 2023-12 | 9.07 | 9.41 | 10.94 | 19.7000 | 1.6200 | 11.68 | 1.16 |
| 2023-03 | 9.04 | 10.30 | 2.73 | 5.2600 | 0.3700 | 9.56 | 0.27 |
| 2023-06 | 13.72 | 13.95 | 9.94 | 17.0400 | 1.0000 | 11.64 | 0.71 |
| 2023-09 | 11.86 | 12.21 | 11.88 | 19.8700 | 1.3200 | 12.06 | 0.97 |
| 2022-09 | 14.16 | 13.90 | 12.18 | 25.7000 | 1.4200 | 14.41 | 0.88 |
| 2022-12 | 12.12 | 12.26 | 13.12 | 27.9700 | 1.6800 | 14.99 | 1.07 |
| 2022-03 | 11.93 | 14.13 | 3.32 | 7.5500 | 0.4500 | 8.59 | 0.23 |
| 2022-06 | 15.92 | 16.26 | 10.34 | 21.9700 | 1.1800 | 10.07 | 0.64 |
| 2021-09 | 10.08 | 11.98 | 8.91 | 15.5700 | 1.6500 | 12.12 | 0.74 |
| 2021-12 | 7.69 | 10.12 | 7.87 | 17.4700 | 1.6700 | 12.09 | 0.78 |
| 2021-03 | 11.43 | 13.45 | 2.58 | 4.7100 | 0.4900 | 8.17 | 0.19 |
| 2021-06 | 11.34 | 13.11 | 6.37 | 11.4500 | 1.4500 | 8.53 | 0.49 |
| 2020-12 | 6.22 | 9.11 | 6.00 | 10.5000 | 1.6400 | 12.31 | 0.66 |
| 2020-06 | 11.76 | 13.11 | 7.07 | 8.2900 | 1.1800 | 8.34 | 0.54 |
| 2020-09 | 10.78 | 12.53 | 7.70 | 11.1000 | 1.4400 | 14.40 | 0.61 |
| 2019-12 | 7.18 | 10.31 | 8.38 | 9.1800 | 1.4900 | 14.34 | 0.81 |
| 2020-03 | 8.98 | 9.20 | 2.05 | 2.7700 | 0.4700 | 10.08 | 0.22 |
| 2019-09 | 11.74 | 12.89 | 9.35 | 9.3900 | 1.5100 | 14.62 | 0.73 |
| 2019-06 | 12.84 | 15.01 | 6.98 | 8.0300 | 1.2500 | 10.10 | 0.47 |
| 2019-03 | 7.09 | 12.35 | 2.46 | 2.7600 | 0.4600 | 9.18 | 0.20 |
| 2018-09 | 10.87 | 12.55 | 9.06 | 9.4200 | 1.5400 | 21.84 | 0.72 |
| 2018-12 | 8.53 | 10.77 | 9.45 | 9.2300 | 1.7200 | 17.27 | 0.88 |
| 2018-06 | 12.61 | 14.61 | 8.22 | 8.4600 | 1.3000 | 11.72 | 0.56 |
| 2018-03 | 11.76 | 17.36 | 4.10 | 4.3500 | 0.4700 | 11.12 | 0.24 |
| 2017-12 | 10.66 | 13.78 | 11.21 | 13.3700 | 1.6000 | 19.62 | 0.81 |
| 2017-09 | 14.56 | 16.39 | 10.97 | 14.2900 | 1.3900 | 23.15 | 0.67 |
| 2017-06 | 16.98 | 18.75 | 10.16 | 13.6800 | 1.2100 | 13.07 | 0.54 |
| 2017-03 | 20.59 | 23.87 | 5.27 | 6.1200 | 0.4400 | 13.09 | 0.22 |
| 2016-12 | 15.31 | 14.30 | 17.02 | 26.0000 | 1.5600 | 14.08 | 1.19 |
| 2016-06 | 17.67 | 17.82 | 15.29 | 19.3100 | 1.2900 | 13.68 | 0.86 |
| 2016-09 | 16.29 | 16.20 | -- | 23.3500 | -- | -- | -- |
| 2016-03 | 17.46 | 19.68 | -- | 3.8900 | -- | -- | -- |
| 2015-12 | 15.38 | 16.07 | 23.66 | 34.6600 | 1.8200 | 9.95 | 1.47 |
| 2014-12 | 11.34 | 11.31 | 14.59 | 25.7200 | 1.8900 | 8.24 | 1.29 |
| 2014-06 | 14.53 | 14.04 | 11.82 | 17.0100 | 1.2600 | 9.08 | 0.84 |
| 2013-12 | 14.07 | 15.17 | 20.26 | 38.1100 | 2.4100 | 9.14 | 1.34 |
| 2011-12 | 9.60 | 11.94 | 20.30 | 63.3900 | 3.6900 | 27.73 | 1.70 |
| 2012-12 | 14.56 | 15.17 | 19.97 | 48.4200 | 2.7100 | 12.73 | 1.32 |
| 2025-06 | 7.93 | 9.49 | 4.76 | 8.1800 | 0.7600 | 7.44 | 0.50 |
| 2025-09 | 4.40 | 5.69 | 4.15 | -- | -- | -- | 0.73 |
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 | 49.83 | 50.17 | 1.7200 | 0.6400 |
| 2024-12 | 50.26 | 49.74 | 1.6900 | 0.4600 |
| 2024-06 | 57.19 | 42.81 | 1.5100 | 0.8300 |
| 2024-09 | 48.85 | 51.15 | 1.7400 | 0.6400 |
| 2024-03 | 54.09 | 45.84 | 1.5800 | 0.7100 |
| 2023-12 | 54.71 | 45.29 | 1.5400 | 0.6000 |
| 2023-03 | 56.42 | 43.58 | 1.6100 | 0.6400 |
| 2023-06 | 54.35 | 45.65 | 1.6500 | 0.7700 |
| 2023-09 | 52.49 | 47.51 | 1.6600 | 0.6800 |
| 2022-09 | 59.23 | 40.77 | 1.5900 | 0.6900 |
| 2022-12 | 60.18 | 39.82 | 1.5200 | 0.5700 |
| 2022-03 | 63.68 | 36.25 | 1.4900 | 0.8200 |
| 2022-06 | 61.80 | 38.27 | 1.5400 | 0.8200 |
| 2021-09 | 52.52 | 47.38 | 1.8100 | 1.0400 |
| 2021-12 | 60.54 | 39.54 | 1.5600 | 0.7300 |
| 2021-03 | 57.86 | 42.14 | 1.6400 | 1.0800 |
| 2021-06 | 59.93 | 39.98 | 1.6000 | 1.1500 |
| 2020-12 | 54.92 | 45.08 | 1.7300 | 1.1100 |
| 2020-06 | 37.90 | 62.25 | 2.4700 | 1.7200 |
| 2020-09 | 46.51 | 53.49 | 2.0200 | 1.4100 |
| 2019-12 | 31.80 | 68.20 | 2.8900 | 1.4400 |
| 2020-03 | 39.12 | 60.88 | 2.3800 | 1.4500 |
| 2019-09 | 27.00 | 73.00 | 3.3700 | 2.1300 |
| 2019-06 | 37.41 | 62.59 | 2.4700 | 1.8400 |
| 2019-03 | 34.27 | 65.73 | 2.6900 | 0.7300 |
| 2018-09 | 28.73 | 71.43 | 3.1700 | 0.6900 |
| 2018-12 | 27.87 | 72.13 | 3.2600 | 0.7200 |
| 2018-06 | 28.86 | 71.14 | 3.1300 | 1.2900 |
| 2018-03 | 28.24 | 71.76 | 3.2400 | 1.0200 |
| 2017-12 | 29.81 | 70.19 | 3.0500 | 0.7400 |
| 2017-09 | 28.59 | 71.41 | 3.2000 | 0.7500 |
| 2017-06 | 24.87 | 75.13 | 3.6600 | 1.4700 |
| 2017-03 | 27.60 | 72.40 | 3.3200 | 2.1000 |
| 2016-12 | 46.41 | 53.59 | 1.8300 | 0.5100 |
| 2016-06 | 40.97 | 59.03 | 2.0400 | 1.0000 |
| 2016-09 | -- | -- | -- | -- |
| 2016-03 | -- | -- | -- | -- |
| 2015-12 | 44.66 | 55.34 | 1.8700 | 0.6500 |
| 2014-12 | 57.91 | 42.39 | 1.4800 | 0.5100 |
| 2014-06 | 53.24 | 47.12 | 1.5700 | 0.6800 |
| 2013-12 | 56.04 | 43.96 | 1.5100 | 0.5700 |
| 2011-12 | 72.11 | 27.76 | 1.0000 | 0.4200 |
| 2012-12 | 54.17 | 45.83 | 1.5200 | 0.6900 |
| 2025-06 | 54.56 | 45.44 | 1.5800 | 0.7500 |
| 2025-09 | 52.10 | 0.00 | -- | -- |
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 | 305000000.0000 | 23947000.0000 | 24969300.0000 | 70500.0000 |
| 2024-12 | 1230000000.0000 | 121000000.0000 | 120000000.0000 | 1364100.0000 |
| 2024-06 | 738000000.0000 | 58878400.0000 | 57494700.0000 | -1177500.0000 |
| 2024-09 | 993000000.0000 | 87150100.0000 | 86427500.0000 | -251300.0000 |
| 2024-03 | 318000000.0000 | 19695400.0000 | 28121400.0000 | 3352100.0000 |
| 2023-12 | 1324000000.0000 | 126000000.0000 | 96534700.0000 | 7537500.0000 |
| 2023-03 | 312000000.0000 | 24891400.0000 | 20040500.0000 | 4810900.0000 |
| 2023-06 | 742000000.0000 | 62484800.0000 | 43753300.0000 | 656600.0000 |
| 2023-09 | 1018000000.0000 | 90371500.0000 | 67582800.0000 | 832800.0000 |
| 2022-09 | 994000000.0000 | 60755600.0000 | 63006100.0000 | -3909300.0000 |
| 2022-12 | 1262000000.0000 | 98629200.0000 | 86184800.0000 | 2421900.0000 |
| 2022-03 | 288000000.0000 | 12780900.0000 | 15305200.0000 | 5129600.0000 |
| 2022-06 | 729000000.0000 | 34975700.0000 | 40655200.0000 | -169300.0000 |
| 2021-09 | 651000000.0000 | 31147900.0000 | 39896100.0000 | 4045600.0000 |
| 2021-12 | 852000000.0000 | 53092100.0000 | 55844200.0000 | 13203300.0000 |
| 2021-03 | 186000000.0000 | 9356900.0000 | 11016700.0000 | 1152300.0000 |
| 2021-06 | 477000000.0000 | 20717200.0000 | 22893900.0000 | 6027200.0000 |
| 2020-12 | 603000000.0000 | 39310100.0000 | 40683300.0000 | 10753100.0000 |
| 2020-06 | 330000000.0000 | 24881000.0000 | 19842800.0000 | 436800.0000 |
| 2020-09 | 455000000.0000 | 37095900.0000 | 29443900.0000 | 5002800.0000 |
| 2019-12 | 491000000.0000 | 56780000.0000 | 38696600.0000 | -1008000.0000 |
| 2020-03 | 152000000.0000 | 10889600.0000 | 8855400.0000 | 900600.0000 |
| 2019-09 | 391000000.0000 | 40716400.0000 | 28884900.0000 | -7394400.0000 |
| 2019-06 | 285000000.0000 | 26454900.0000 | 19051200.0000 | 1253200.0000 |
| 2019-03 | 131000000.0000 | 12606500.0000 | 8969600.0000 | 2063400.0000 |
| 2018-09 | 410000000.0000 | 33226600.0000 | 28196500.0000 | -4975100.0000 |
| 2018-12 | 504000000.0000 | 48211200.0000 | 38596400.0000 | -3606600.0000 |
| 2018-06 | 312000000.0000 | 21781100.0000 | 19839700.0000 | -1556600.0000 |
| 2018-03 | 135000000.0000 | 9680500.0000 | 9099900.0000 | 2570000.0000 |
| 2017-12 | 461000000.0000 | 41986500.0000 | 38113400.0000 | 7077900.0000 |
| 2017-09 | 358000000.0000 | 29767700.0000 | 26801300.0000 | 5344300.0000 |
| 2017-06 | 264000000.0000 | 20908600.0000 | 20768600.0000 | 2832800.0000 |
| 2017-03 | 108000000.0000 | 8703800.0000 | 9215700.0000 | 302600.0000 |
| 2016-12 | 365000000.0000 | 38825600.0000 | 36308700.0000 | -4753500.0000 |
| 2016-06 | 219000000.0000 | 19323800.0000 | 17688300.0000 | -2076900.0000 |
| 2016-09 | 293000000.0000 | 27997800.0000 | 26634300.0000 | -2642100.0000 |
| 2016-03 | 104000000.0000 | 8531800.0000 | 7812000.0000 | 501200.0000 |
| 2015-12 | 385000000.0000 | 34902900.0000 | 37479700.0000 | -1812400.0000 |
| 2014-12 | 383000000.0000 | 37857900.0000 | 38826600.0000 | 2026100.0000 |
| 2014-06 | 200000000.0000 | 15859100.0000 | 18825200.0000 | 825800.0000 |
| 2013-12 | 342000000.0000 | 27340800.0000 | 29846100.0000 | 2217600.0000 |
| 2011-12 | 292000000.0000 | 14509200.0000 | 16434300.0000 | 3472500.0000 |
| 2012-12 | 270000000.0000 | 21702100.0000 | 29338300.0000 | 1944200.0000 |
| 2025-06 | 557000000.0000 | 62587200.0000 | 51013200.0000 | 2026000.0000 |
| 2025-09 | 783000000.0000 | 92912100.0000 | 75832100.0000 | 977300.0000 |