中商官网
研究报告
德昌股份（605555）
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 | 1000000000.0000 | 21.21 | 87671500.0000 | -7.20 | 86473800.0000 | -8.52 | 81048800.0000 | -4.97 |
| 2024-09-30 | 2987000000.0000 | 40.37 | 331000000.0000 | 9.97 | 332000000.0000 | 10.67 | 302000000.0000 | 14.83 |
| 2024-12-31 | 4095000000.0000 | 47.57 | 456000000.0000 | 25.27 | 453000000.0000 | 24.79 | 411000000.0000 | 27.64 |
| 2024-06-30 | 1862000000.0000 | 38.75 | 229000000.0000 | 17.44 | 229000000.0000 | 17.44 | 207000000.0000 | 21.05 |
| 2024-03-31 | 825000000.0000 | 46.28 | 94476100.0000 | 91.31 | 94524500.0000 | 92.94 | 85290900.0000 | 102.33 |
| 2023-09-30 | 2128000000.0000 | 38.72 | 301000000.0000 | 1.69 | 300000000.0000 | 0.67 | 263000000.0000 | 0.00 |
| 2023-12-31 | 2775000000.0000 | 43.19 | 364000000.0000 | 10.98 | 363000000.0000 | 12.04 | 322000000.0000 | 7.69 |
| 2023-06-30 | 1342000000.0000 | 13.34 | 195000000.0000 | 3.72 | 195000000.0000 | 3.17 | 171000000.0000 | 1.79 |
| 2023-03-31 | 564000000.0000 | -1.05 | 49382500.0000 | -27.95 | 48992300.0000 | -28.56 | 42154400.0000 | -29.83 |
| 2022-12-31 | 1938000000.0000 | -31.81 | 328000000.0000 | -0.61 | 324000000.0000 | -4.42 | 299000000.0000 | -0.66 |
| 2022-06-30 | 1184000000.0000 | -18.34 | 188000000.0000 | 6.82 | 189000000.0000 | 6.18 | 168000000.0000 | 7.01 |
| 2022-09-30 | 1534000000.0000 | -31.06 | 296000000.0000 | 20.82 | 298000000.0000 | 20.65 | 263000000.0000 | 19.55 |
| 2022-03-31 | 570000000.0000 | -7.47 | 68538700.0000 | 1.69 | 68574200.0000 | 2.12 | 60074000.0000 | 2.42 |
| 2021-09-30 | 2225000000.0000 | 58.93 | 245000000.0000 | 8.41 | 247000000.0000 | 9.78 | 220000000.0000 | 13.99 |
| 2021-12-31 | 2842000000.0000 | 37.63 | 330000000.0000 | -7.30 | 339000000.0000 | -4.51 | 301000000.0000 | -0.99 |
| 2021-06-30 | 1450000000.0000 | 90.54 | 176000000.0000 | 40.80 | 178000000.0000 | 42.40 | 157000000.0000 | 48.11 |
| 2021-03-31 | 616000000.0000 | -- | 67402600.0000 | -- | 67149200.0000 | -- | 58655200.0000 | -- |
| 2020-06-30 | 761000000.0000 | -- | 125000000.0000 | -- | 125000000.0000 | -- | 106000000.0000 | -- |
| 2020-09-30 | 1400000000.0000 | -- | 226000000.0000 | -- | 225000000.0000 | -- | 193000000.0000 | -- |
| 2020-12-31 | 2065000000.0000 | 71.94 | 356000000.0000 | 113.17 | 355000000.0000 | 102.86 | 304000000.0000 | 102.67 |
| 2019-12-31 | 1201000000.0000 | -1.88 | 167000000.0000 | 0.60 | 175000000.0000 | 5.42 | 150000000.0000 | 4.90 |
| 2018-12-31 | 1224000000.0000 | 18.83 | 166000000.0000 | 39.50 | 166000000.0000 | 39.50 | 143000000.0000 | 40.20 |
| 2017-12-31 | 1030000000.0000 | -- | 119000000.0000 | -- | 119000000.0000 | -- | 102000000.0000 | -- |
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) |
| 2025-03 | 7.60 | 8.65 | 1.64 | 2.6600 | 1.3700 | 3.11 | 0.19 |
| 2024-09 | 10.55 | 11.11 | 6.80 | 10.4600 | 5.5000 | 3.74 | 0.61 |
| 2024-12 | 10.55 | 11.06 | 8.69 | 14.3100 | 7.1200 | 3.77 | 0.79 |
| 2024-06 | 11.55 | 12.30 | 4.67 | -- | 3.7900 | 3.49 | 0.38 |
| 2024-03 | 10.91 | 11.46 | 2.05 | -- | 1.8100 | 3.59 | 0.18 |
| 2023-09 | 13.72 | 14.10 | 6.99 | -- | 6.5600 | 3.38 | 0.50 |
| 2023-12 | 12.79 | 13.08 | 8.50 | -- | 7.1300 | 3.57 | 0.65 |
| 2023-06 | 14.01 | 14.53 | 4.81 | 6.6800 | 4.1000 | 2.94 | 0.33 |
| 2023-03 | 8.16 | 8.69 | 1.26 | 1.6500 | 1.7300 | 3.38 | 0.14 |
| 2022-12 | 16.15 | 16.72 | 8.57 | 12.3900 | 5.4200 | 2.57 | 0.51 |
| 2022-06 | 14.95 | 15.96 | 5.13 | -- | 3.3500 | 2.51 | 0.32 |
| 2022-09 | 18.38 | 19.43 | 7.91 | 10.9400 | 4.7100 | 2.93 | 0.41 |
| 2022-03 | 10.00 | 12.03 | 1.88 | -- | 1.3200 | 2.93 | 0.16 |
| 2021-09 | 9.84 | 11.10 | 10.32 | -- | 6.3300 | 3.35 | 0.93 |
| 2021-12 | 10.27 | 11.93 | 9.20 | -- | 7.7800 | 3.54 | 0.77 |
| 2021-06 | 10.14 | 12.28 | 7.42 | -- | 3.7800 | 3.43 | 0.60 |
| 2021-03 | 10.39 | 10.90 | -- | -- | -- | -- | -- |
| 2020-06 | 17.74 | 16.43 | 9.14 | -- | 4.5400 | 3.82 | 0.56 |
| 2020-09 | 15.79 | 16.07 | -- | -- | -- | -- | -- |
| 2020-12 | 15.35 | 17.19 | 19.31 | -- | 8.4500 | 4.12 | 1.12 |
| 2019-12 | 15.57 | 14.57 | 18.82 | -- | 7.6900 | 3.36 | 1.29 |
| 2018-12 | 13.32 | 13.56 | 10.10 | -- | 7.7000 | 2.78 | 0.74 |
| 2017-12 | 11.36 | 11.55 | 8.97 | -- | 6.9500 | 2.49 | 0.78 |
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 | 41.45 | 58.55 | 1.6200 | 1.2700 |
| 2024-09 | 40.76 | 59.22 | 1.7100 | 1.3300 |
| 2024-12 | 42.27 | 57.75 | 1.6100 | 1.3000 |
| 2024-06 | 42.86 | 57.14 | 2.0100 | 1.6500 |
| 2024-03 | 38.89 | 61.11 | 2.3400 | 1.9400 |
| 2023-09 | 37.58 | 62.42 | 2.1100 | 1.8900 |
| 2023-12 | 36.06 | 63.94 | 2.0900 | 1.7200 |
| 2023-06 | 35.87 | 64.11 | 2.2900 | 2.0300 |
| 2023-03 | 33.76 | 66.24 | 2.4300 | 2.1300 |
| 2022-12 | 32.89 | 67.08 | 2.5200 | 2.2400 |
| 2022-06 | 34.83 | 65.17 | 2.4700 | 2.2400 |
| 2022-09 | 33.48 | 66.52 | 2.5300 | 2.3300 |
| 2022-03 | 35.55 | 64.47 | 2.5800 | 2.2300 |
| 2021-09 | 69.70 | 30.30 | 1.1800 | 0.9500 |
| 2021-12 | 37.76 | 62.21 | 2.4000 | 2.1200 |
| 2021-06 | 72.41 | 27.59 | 1.1600 | 0.9100 |
| 2021-03 | -- | -- | -- | -- |
| 2020-06 | 77.32 | 22.60 | 1.0300 | 0.8700 |
| 2020-09 | -- | -- | -- | -- |
| 2020-12 | 72.52 | 27.48 | 1.1300 | 0.8900 |
| 2019-12 | 78.17 | 21.83 | 0.9200 | 0.7500 |
| 2018-12 | 76.02 | 23.98 | 1.1100 | 0.9700 |
| 2017-12 | 81.07 | 19.00 | 0.9800 | 0.8700 |
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 | 924000000.0000 | 6303200.0000 | 47458900.0000 | -14372600.0000 |
| 2024-09 | 2672000000.0000 | 11601600.0000 | 122000000.0000 | -35120200.0000 |
| 2024-12 | 3663000000.0000 | 16614200.0000 | 173000000.0000 | -33286400.0000 |
| 2024-06 | 1647000000.0000 | 7118700.0000 | 76743800.0000 | -10616100.0000 |
| 2024-03 | 735000000.0000 | 2395200.0000 | 38180900.0000 | -14641500.0000 |
| 2023-09 | 1836000000.0000 | 7534100.0000 | 90497500.0000 | -81762000.0000 |
| 2023-12 | 2420000000.0000 | 10997800.0000 | 122000000.0000 | -29070500.0000 |
| 2023-06 | 1154000000.0000 | 3738800.0000 | 57732300.0000 | -12722400.0000 |
| 2023-03 | 518000000.0000 | 3950400.0000 | 26288400.0000 | 401100.0000 |
| 2022-12 | 1625000000.0000 | 8586400.0000 | 98949800.0000 | -143000000.0000 |
| 2022-06 | 1007000000.0000 | 4218800.0000 | 54059600.0000 | -28656100.0000 |
| 2022-09 | 1252000000.0000 | 5806700.0000 | 77439100.0000 | -165000000.0000 |
| 2022-03 | 513000000.0000 | 1881800.0000 | 25773400.0000 | 324000.0000 |
| 2021-09 | 2006000000.0000 | 6350900.0000 | 77658300.0000 | 11516100.0000 |
| 2021-12 | 2550000000.0000 | 8779900.0000 | 111000000.0000 | 34003600.0000 |
| 2021-06 | 1303000000.0000 | 4246900.0000 | 50768600.0000 | 16830800.0000 |
| 2021-03 | 552000000.0000 | 2462600.0000 | 26636400.0000 | -956600.0000 |
| 2020-06 | 626000000.0000 | 2914400.0000 | 37631400.0000 | 3104300.0000 |
| 2020-09 | 1179000000.0000 | 5388000.0000 | 51208300.0000 | 30421300.0000 |
| 2020-12 | 1748000000.0000 | 7072700.0000 | 68440300.0000 | 74294700.0000 |
| 2019-12 | 1014000000.0000 | 23493500.0000 | 51229300.0000 | 16573100.0000 |
| 2018-12 | 1061000000.0000 | 23932400.0000 | 44447500.0000 | 13838700.0000 |
| 2017-12 | 913000000.0000 | 20865100.0000 | 27854100.0000 | 32607600.0000 |