中商官网
研究报告
五洲特纸（605007）
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 | 1989000000.0000 | 15.24 | 82254800.0000 | -48.27 | 82459500.0000 | -48.14 | 66888000.0000 | -50.45 |
| 2024-12-31 | 7656000000.0000 | 17.44 | 409000000.0000 | 37.25 | 417000000.0000 | 34.08 | 362000000.0000 | 32.12 |
| 2024-09-30 | 5466000000.0000 | 17.20 | 389000000.0000 | 263.55 | 388000000.0000 | 220.66 | 328000000.0000 | 203.70 |
| 2024-03-31 | 1726000000.0000 | 37.20 | 159000000.0000 | -701.30 | 159000000.0000 | -682.51 | 135000000.0000 | -552.70 |
| 2024-06-30 | 3431000000.0000 | 20.77 | 270000000.0000 | -2682.82 | 270000000.0000 | -2594.60 | 234000000.0000 | -2026.61 |
| 2023-06-30 | 2841000000.0000 | -4.44 | -10453700.0000 | -104.23 | -10823400.0000 | -104.10 | -12145700.0000 | -105.68 |
| 2023-09-30 | 4664000000.0000 | 2.48 | 107000000.0000 | -58.20 | 121000000.0000 | -55.68 | 108000000.0000 | -51.79 |
| 2023-12-31 | 6519000000.0000 | 9.34 | 298000000.0000 | 31.28 | 311000000.0000 | 28.51 | 274000000.0000 | 33.66 |
| 2023-03-31 | 1258000000.0000 | -5.48 | -26442700.0000 | -120.66 | -27295800.0000 | -121.32 | -29821100.0000 | -128.95 |
| 2022-12-31 | 5962000000.0000 | 61.57 | 227000000.0000 | -50.11 | 242000000.0000 | -50.00 | 205000000.0000 | -47.44 |
| 2022-09-30 | 4551000000.0000 | 69.56 | 256000000.0000 | -31.37 | 273000000.0000 | -31.92 | 224000000.0000 | -28.66 |
| 2022-03-31 | 1331000000.0000 | 74.90 | 128000000.0000 | -15.79 | 128000000.0000 | -15.79 | 103000000.0000 | -8.85 |
| 2022-06-30 | 2973000000.0000 | 81.83 | 247000000.0000 | -22.57 | 264000000.0000 | -23.92 | 214000000.0000 | -18.01 |
| 2021-12-31 | 3690000000.0000 | 40.04 | 455000000.0000 | 8.85 | 484000000.0000 | 9.50 | 390000000.0000 | 15.04 |
| 2021-09-30 | 2684000000.0000 | 35.69 | 373000000.0000 | 25.59 | 401000000.0000 | 26.50 | 314000000.0000 | 28.69 |
| 2021-06-30 | 1635000000.0000 | 41.56 | 319000000.0000 | 62.76 | 347000000.0000 | 61.40 | 261000000.0000 | 56.29 |
| 2021-03-31 | 761000000.0000 | 40.93 | 152000000.0000 | 34.51 | 152000000.0000 | 23.58 | 113000000.0000 | 16.45 |
| 2020-12-31 | 2635000000.0000 | 10.90 | 418000000.0000 | 71.31 | 442000000.0000 | 64.31 | 339000000.0000 | 70.35 |
| 2020-09-30 | 1978000000.0000 | 17.60 | 297000000.0000 | 128.46 | 317000000.0000 | 107.19 | 244000000.0000 | 112.17 |
| 2020-06-30 | 1155000000.0000 | 3.31 | 196000000.0000 | 155.54 | 215000000.0000 | 150.98 | 167000000.0000 | 179.71 |
| 2019-09-30 | 1682000000.0000 | -- | 130000000.0000 | -- | 153000000.0000 | -- | 115000000.0000 | -- |
| 2020-03-31 | 540000000.0000 | -- | 113000000.0000 | -- | 123000000.0000 | -- | 97037400.0000 | -- |
| 2019-12-31 | 2376000000.0000 | 10.56 | 244000000.0000 | 31.18 | 269000000.0000 | 20.09 | 199000000.0000 | 20.61 |
| 2019-06-30 | 1118000000.0000 | -- | 76699800.0000 | -- | 85664800.0000 | -- | 59704200.0000 | -- |
| 2018-12-31 | 2149000000.0000 | 15.48 | 186000000.0000 | -18.42 | 224000000.0000 | -3.03 | 165000000.0000 | -4.07 |
| 2016-12-31 | 1640000000.0000 | -- | 137000000.0000 | -- | 138000000.0000 | -- | 103000000.0000 | -- |
| 2017-12-31 | 1861000000.0000 | 13.48 | 228000000.0000 | 66.42 | 231000000.0000 | 67.39 | 172000000.0000 | 66.99 |
| 2025-06-30 | 4122000000.0000 | 20.14 | 140000000.0000 | -48.15 | 138000000.0000 | -48.89 | 123000000.0000 | -47.44 |
| 2025-09-30 | 6457000000.0000 | 18.13 | 214000000.0000 | -44.99 | 208000000.0000 | -46.39 | 183000000.0000 | -44.21 |
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 | 3.77 | 4.15 | 0.71 | 1.8100 | 1.8000 | 7.49 | 0.17 |
| 2024-12 | 4.36 | 5.45 | 3.63 | 14.2100 | 8.8400 | 6.81 | 0.67 |
| 2024-09 | 6.26 | 7.10 | 4.03 | 12.8800 | 6.7600 | 6.53 | 0.57 |
| 2024-03 | 7.65 | 9.21 | 1.94 | 5.3700 | 2.5500 | 6.40 | 0.21 |
| 2024-06 | 6.70 | 7.87 | 3.01 | 9.2500 | 4.5100 | 6.41 | 0.38 |
| 2023-06 | 0.28 | -0.38 | -0.15 | -0.5500 | 3.3100 | 5.62 | 0.38 |
| 2023-09 | 2.55 | 2.59 | 1.71 | 4.7900 | 6.2900 | 5.74 | 0.66 |
| 2023-12 | 4.54 | 4.77 | 4.03 | 11.8300 | 9.5500 | 6.17 | 0.84 |
| 2023-03 | -0.72 | -2.17 | -0.39 | -1.3600 | 1.5900 | 5.31 | 0.18 |
| 2022-12 | 3.32 | 4.06 | 3.69 | 9.5500 | 8.8400 | 7.36 | 0.91 |
| 2022-09 | 5.32 | 6.00 | 4.30 | 10.2400 | 6.6700 | 7.60 | 0.72 |
| 2022-03 | 9.69 | 9.62 | 2.53 | 4.7600 | 1.8200 | 7.42 | 0.26 |
| 2022-06 | 8.04 | 8.88 | 4.38 | 9.7000 | 4.1400 | 7.73 | 0.49 |
| 2021-12 | 12.20 | 13.12 | 10.65 | 21.5200 | 6.1000 | 6.94 | 0.81 |
| 2021-09 | 14.01 | 14.94 | 10.66 | 17.5400 | 4.7900 | 6.35 | 0.71 |
| 2021-06 | 19.63 | 21.22 | 9.94 | 14.3600 | 2.7300 | 6.64 | 0.47 |
| 2021-03 | 19.97 | 19.97 | 4.52 | 6.4800 | 1.2800 | 6.23 | 0.23 |
| 2020-12 | 15.79 | 16.77 | 13.02 | 28.0700 | 6.1900 | 5.52 | 0.78 |
| 2020-09 | 15.07 | 16.03 | 11.06 | 21.5900 | 5.6700 | 4.99 | 0.69 |
| 2020-06 | 16.88 | 18.61 | 7.79 | 15.2600 | 2.9700 | 4.97 | 0.42 |
| 2019-09 | 7.73 | 9.10 | 6.73 | 13.2900 | 5.5000 | 5.52 | 0.74 |
| 2020-03 | 20.74 | 22.78 | -- | 9.1800 | -- | -- | -- |
| 2019-12 | 10.27 | 11.32 | 10.68 | 21.9200 | 8.7100 | 5.20 | 0.94 |
| 2019-06 | 6.53 | 7.66 | 3.86 | 7.1100 | 3.8900 | 5.02 | 0.50 |
| 2018-12 | 8.61 | 10.42 | 11.33 | 25.2500 | 9.2900 | 5.30 | 1.09 |
| 2016-12 | 8.35 | 8.41 | 9.58 | 41.9600 | 6.8200 | 5.03 | 1.14 |
| 2017-12 | 11.98 | 12.41 | 15.56 | 44.3100 | 8.1600 | 5.12 | 1.25 |
| 2025-06 | 3.03 | 3.35 | 1.17 | 3.4100 | 3.5900 | 8.01 | 0.35 |
| 2025-09 | 2.59 | 3.22 | 1.72 | -- | -- | -- | 0.53 |
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 | 68.99 | 31.01 | 0.7500 | 0.5000 |
| 2024-12 | 69.01 | 30.99 | 0.7900 | 0.5500 |
| 2024-09 | 72.07 | 27.93 | 0.6800 | 0.4300 |
| 2024-03 | 68.52 | 31.48 | 0.7200 | 0.5100 |
| 2024-06 | 71.10 | 28.90 | 0.7400 | 0.4800 |
| 2023-06 | 71.36 | 28.64 | 0.9000 | 0.6200 |
| 2023-09 | 67.53 | 32.47 | 0.8100 | 0.5600 |
| 2023-12 | 68.39 | 31.61 | 0.7400 | 0.5500 |
| 2023-03 | 68.72 | 31.28 | 0.9900 | 0.6900 |
| 2022-12 | 66.45 | 33.55 | 0.9900 | 0.7700 |
| 2022-09 | 65.03 | 34.97 | 1.0600 | 0.8500 |
| 2022-03 | 56.09 | 43.91 | 1.1500 | 0.7800 |
| 2022-06 | 63.38 | 36.62 | 1.1900 | 0.9300 |
| 2021-12 | 53.45 | 46.55 | 1.2300 | 0.8300 |
| 2021-09 | 49.96 | 50.04 | 0.9400 | 0.5800 |
| 2021-06 | 47.65 | 52.38 | 1.0800 | 0.6800 |
| 2021-03 | 46.49 | 53.48 | 1.1500 | 0.7700 |
| 2020-12 | 50.29 | 49.71 | 1.1300 | 0.7600 |
| 2020-09 | 56.28 | 43.72 | 0.9300 | 0.6200 |
| 2020-06 | 57.41 | 42.59 | 0.9600 | 0.6300 |
| 2019-09 | 59.32 | 40.68 | 1.0100 | 0.6600 |
| 2020-03 | -- | -- | -- | -- |
| 2019-12 | 59.98 | 40.06 | 0.9200 | 0.6600 |
| 2019-06 | 60.80 | 39.20 | 1.0000 | 0.6700 |
| 2018-12 | 59.03 | 40.92 | 0.9500 | 0.6900 |
| 2016-12 | 79.11 | 20.89 | 0.8800 | 0.6900 |
| 2017-12 | 68.96 | 31.04 | 0.8400 | 0.6300 |
| 2025-06 | 69.89 | 30.11 | 0.6700 | 0.3900 |
| 2025-09 | 70.06 | 29.94 | -- | 0.3200 |
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 | 1914000000.0000 | 4646200.0000 | 25025000.0000 | 48417500.0000 |
| 2024-12 | 7322000000.0000 | 16299000.0000 | 108000000.0000 | 143000000.0000 |
| 2024-09 | 5124000000.0000 | 10793800.0000 | 75314600.0000 | 91103700.0000 |
| 2024-03 | 1594000000.0000 | 3742700.0000 | 24535600.0000 | 29947300.0000 |
| 2024-06 | 3201000000.0000 | 6968300.0000 | 47643900.0000 | 58557800.0000 |
| 2023-06 | 2833000000.0000 | 6300900.0000 | 36060200.0000 | 50546300.0000 |
| 2023-09 | 4545000000.0000 | 15240100.0000 | 56832800.0000 | 67489900.0000 |
| 2023-12 | 6223000000.0000 | 16509900.0000 | 96852600.0000 | 96923400.0000 |
| 2023-03 | 1267000000.0000 | 2175000.0000 | 19626100.0000 | 17768700.0000 |
| 2022-12 | 5764000000.0000 | 9706900.0000 | 80681300.0000 | 123000000.0000 |
| 2022-09 | 4309000000.0000 | 9502300.0000 | 73937000.0000 | 98461900.0000 |
| 2022-03 | 1202000000.0000 | 1876300.0000 | 17184000.0000 | 25282600.0000 |
| 2022-06 | 2734000000.0000 | 5244000.0000 | 40707200.0000 | 65136300.0000 |
| 2021-12 | 3240000000.0000 | 8164100.0000 | 59923300.0000 | 38425800.0000 |
| 2021-09 | 2308000000.0000 | 4910700.0000 | 40220700.0000 | 30848800.0000 |
| 2021-06 | 1314000000.0000 | 3255700.0000 | 23685000.0000 | 18091300.0000 |
| 2021-03 | 609000000.0000 | 1102300.0000 | 11195300.0000 | 11917600.0000 |
| 2020-12 | 2219000000.0000 | 5663100.0000 | 47873000.0000 | 13355000.0000 |
| 2020-09 | 1680000000.0000 | 80316000.0000 | 31984900.0000 | 16785300.0000 |
| 2020-06 | 960000000.0000 | 50864300.0000 | 19434500.0000 | 23370700.0000 |
| 2019-09 | 1552000000.0000 | 61123400.0000 | 34625600.0000 | 38702600.0000 |
| 2020-03 | 428000000.0000 | 24612800.0000 | 9001000.0000 | 12631400.0000 |
| 2019-12 | 2132000000.0000 | 94924400.0000 | 41271500.0000 | 44531900.0000 |
| 2019-06 | 1045000000.0000 | 44296300.0000 | 19834700.0000 | 21573600.0000 |
| 2018-12 | 1964000000.0000 | 73583400.0000 | 36807000.0000 | 43534100.0000 |
| 2016-12 | 1503000000.0000 | 63410300.0000 | 23919800.0000 | 43492100.0000 |
| 2017-12 | 1638000000.0000 | 69766200.0000 | 25711300.0000 | 27354700.0000 |
| 2025-06 | 3997000000.0000 | 10487100.0000 | 46618300.0000 | 95267700.0000 |
| 2025-09 | 6290000000.0000 | 17483700.0000 | 81146400.0000 | 145000000.0000 |