中商官网
研究报告
晶丰明源（688368）
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 （%) |
| 2024-12-31 | 1504000000.0000 | 15.43 | -6446100.0000 | -90.48 | -5281200.0000 | -92.82 | -4017300.0000 | -94.93 |
| 2025-03-31 | 327000000.0000 | 2.51 | -4383600.0000 | -82.55 | -4157100.0000 | -83.18 | -2790500.0000 | -88.76 |
| 2024-03-31 | 319000000.0000 | 20.38 | -25119600.0000 | -57.82 | -24711100.0000 | -58.37 | -24818500.0000 | -58.65 |
| 2024-06-30 | 735000000.0000 | 19.51 | -15896700.0000 | -80.80 | -15051200.0000 | -82.11 | -14966800.0000 | -82.82 |
| 2024-09-30 | 1088000000.0000 | 18.78 | -31009000.0000 | 23.05 | -29832600.0000 | 15.95 | -29583100.0000 | -1.60 |
| 2023-09-30 | 916000000.0000 | 13.51 | -25200600.0000 | -87.77 | -25728900.0000 | -87.39 | -30064400.0000 | -85.04 |
| 2023-12-31 | 1303000000.0000 | 20.76 | -67735000.0000 | -61.73 | -73584700.0000 | -58.66 | -79172100.0000 | -61.57 |
| 2023-03-31 | 265000000.0000 | -12.25 | -59560100.0000 | 302.32 | -59358500.0000 | 307.25 | -60015300.0000 | 422.82 |
| 2023-06-30 | 615000000.0000 | 4.06 | -82798100.0000 | 42.03 | -84124700.0000 | 47.18 | -87124800.0000 | 40.79 |
| 2022-09-30 | 807000000.0000 | -55.78 | -206000000.0000 | -131.74 | -204000000.0000 | -131.43 | -201000000.0000 | -133.44 |
| 2022-12-31 | 1079000000.0000 | -53.13 | -177000000.0000 | -123.20 | -178000000.0000 | -123.42 | -206000000.0000 | -128.97 |
| 2021-12-31 | 2302000000.0000 | 108.70 | 763000000.0000 | 1036.39 | 760000000.0000 | 977.62 | 711000000.0000 | 919.35 |
| 2022-06-30 | 591000000.0000 | -44.56 | -58294300.0000 | -115.34 | -57156400.0000 | -115.00 | -61882200.0000 | -117.68 |
| 2022-03-31 | 302000000.0000 | -25.98 | -14804300.0000 | -119.40 | -14575400.0000 | -119.03 | -11479200.0000 | -115.70 |
| 2021-06-30 | 1066000000.0000 | 177.60 | 380000000.0000 | 4779.99 | 381000000.0000 | 4753.75 | 350000000.0000 | 3608.77 |
| 2021-09-30 | 1825000000.0000 | 158.13 | 649000000.0000 | 2368.61 | 649000000.0000 | 2070.07 | 601000000.0000 | 1863.62 |
| 2020-12-31 | 1103000000.0000 | 26.20 | 67142700.0000 | -31.18 | 70526100.0000 | -28.07 | 69750200.0000 | -24.47 |
| 2021-03-31 | 408000000.0000 | 124.18 | 76313800.0000 | 2380.54 | 76591600.0000 | 2411.53 | 73119400.0000 | 2568.59 |
| 2020-03-31 | 182000000.0000 | 9.64 | 3076500.0000 | -73.34 | 3049600.0000 | -73.81 | 2740000.0000 | -75.56 |
| 2020-09-30 | 707000000.0000 | 15.15 | 26290100.0000 | -64.23 | 29906900.0000 | -59.47 | 30606700.0000 | -55.77 |
| 2020-06-30 | 384000000.0000 | -6.57 | 7786900.0000 | -82.35 | 7849600.0000 | -82.27 | 9437100.0000 | -77.29 |
| 2019-12-31 | 874000000.0000 | 13.95 | 97569100.0000 | 14.73 | 98053500.0000 | 14.06 | 92343900.0000 | 13.54 |
| 2019-09-30 | 614000000.0000 | 6.97 | 73503400.0000 | 7.92 | 73791300.0000 | 3.03 | 69197400.0000 | 3.42 |
| 2019-06-30 | 411000000.0000 | -- | 44116500.0000 | -- | 44268400.0000 | -- | 41546700.0000 | -- |
| 2019-03-31 | 166000000.0000 | 2.47 | 11541400.0000 | 1.22 | 11644900.0000 | 1.79 | 11212700.0000 | 0.21 |
| 2018-03-31 | 162000000.0000 | 5.88 | 11402000.0000 | -13.11 | 11439900.0000 | -13.49 | 11189200.0000 | -5.99 |
| 2018-09-30 | 574000000.0000 | -- | 68106500.0000 | -- | 71624500.0000 | -- | 66909000.0000 | -- |
| 2018-12-31 | 767000000.0000 | 10.52 | 85043000.0000 | 4.65 | 85964500.0000 | 4.14 | 81331100.0000 | 6.85 |
| 2017-12-31 | 694000000.0000 | 22.40 | 81266900.0000 | 213.97 | 82549900.0000 | 138.99 | 76115900.0000 | 154.44 |
| 2017-03-31 | 153000000.0000 | -- | 13122500.0000 | -- | 13224500.0000 | -- | 11902400.0000 | -- |
| 2015-12-31 | 357000000.0000 | 5.93 | 8777400.0000 | -87.23 | 19741100.0000 | -74.18 | 19245100.0000 | -71.23 |
| 2016-12-31 | 567000000.0000 | 58.82 | 25883900.0000 | 194.89 | 34540700.0000 | 74.97 | 29915300.0000 | 55.44 |
| 2014-12-31 | 337000000.0000 | -- | 68751200.0000 | -- | 76457200.0000 | -- | 66889400.0000 | -- |
| 2025-06-30 | 731000000.0000 | -0.54 | 15343100.0000 | -196.52 | 17591300.0000 | -216.88 | 19799300.0000 | -232.29 |
| 2025-09-30 | 1117000000.0000 | 2.67 | 22928900.0000 | -173.94 | 25187500.0000 | -184.43 | 27366900.0000 | -192.51 |
| 2026-03-31 | 609000000.0000 | 86.24 | 35066500.0000 | -899.95 | 35458600.0000 | -952.96 | 36759300.0000 | -1417.30 |
| 2025-12-31 | 1570000000.0000 | 4.39 | 36175900.0000 | -661.21 | 36274400.0000 | -786.86 | 39477000.0000 | -1082.67 |
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) |
| 2024-12 | -2.53 | -0.35 | -0.25 | -2.3300 | 3.9400 | 6.47 | 0.70 |
| 2025-03 | -2.45 | -1.27 | -0.21 | -0.5300 | 0.8000 | 5.14 | 0.16 |
| 2024-03 | -8.78 | -7.75 | -1.13 | -2.1700 | 0.8700 | 6.01 | 0.15 |
| 2024-06 | -2.59 | -2.05 | -0.69 | -2.2600 | 2.0800 | 6.39 | 0.34 |
| 2024-09 | -4.69 | -2.74 | -1.35 | -4.0600 | 2.8000 | 6.83 | 0.49 |
| 2023-09 | -7.97 | -2.81 | -1.07 | -2.3700 | 2.6900 | 6.85 | 0.38 |
| 2023-12 | -10.74 | -5.65 | -3.10 | -6.2800 | 3.8800 | 6.96 | 0.55 |
| 2023-03 | -29.06 | -22.40 | -2.38 | -3.9800 | 0.8300 | 6.05 | 0.11 |
| 2023-06 | -22.28 | -13.68 | -3.24 | -5.8900 | 1.8100 | 6.53 | 0.24 |
| 2022-09 | -35.19 | -25.28 | -7.69 | -11.2400 | 1.7100 | 5.37 | 0.30 |
| 2022-12 | -27.99 | -16.50 | -7.07 | -12.0600 | 2.7600 | 4.80 | 0.43 |
| 2021-12 | 27.89 | 33.01 | 27.11 | 41.2400 | 4.4200 | 8.05 | 0.82 |
| 2022-06 | -17.60 | -9.67 | -2.19 | -3.2700 | 0.9800 | 5.77 | 0.23 |
| 2022-03 | -13.91 | -4.83 | -0.51 | -0.6000 | 0.4900 | 4.81 | 0.11 |
| 2021-06 | 28.99 | 35.74 | 16.27 | 23.1400 | 3.4900 | 6.63 | 0.46 |
| 2021-09 | 31.12 | 35.56 | 22.27 | 36.3300 | 4.8300 | 7.77 | 0.63 |
| 2020-12 | 1.99 | 6.39 | 4.33 | 5.7600 | 6.3200 | 4.55 | 0.68 |
| 2021-03 | 17.65 | 18.77 | 4.33 | 5.2300 | 1.5900 | 5.50 | 0.23 |
| 2020-03 | -2.20 | 1.68 | 0.21 | 0.2400 | 1.0300 | 3.71 | 0.13 |
| 2020-09 | 0.42 | 4.23 | 1.92 | 2.6300 | 3.8300 | 4.36 | 0.45 |
| 2020-06 | -1.82 | 2.04 | 0.58 | 0.8300 | 2.1100 | 4.25 | 0.28 |
| 2019-12 | 9.50 | 11.22 | 7.15 | 21.4700 | 6.8700 | 5.34 | 0.64 |
| 2019-09 | 10.75 | 12.02 | 13.47 | 24.1000 | 4.5800 | 5.60 | 1.12 |
| 2019-06 | 10.71 | 10.77 | 8.68 | 15.2000 | 3.3200 | 5.62 | 0.81 |
| 2019-03 | 6.63 | 7.02 | 2.89 | 4.3400 | -- | -- | 0.41 |
| 2018-03 | 100.00 | 7.06 | -- | -- | -- | -- | -- |
| 2018-09 | 10.98 | 12.48 | -- | 28.2100 | -- | -- | -- |
| 2018-12 | 10.17 | 11.21 | 21.93 | 34.5200 | 6.7300 | 6.35 | 1.96 |
| 2017-12 | 9.65 | 11.89 | 22.49 | 48.1000 | 8.6100 | 7.26 | 1.89 |
| 2017-03 | 8.50 | 8.64 | 4.21 | 11.3100 | 2.5400 | 6.83 | 0.49 |
| 2015-12 | 2.52 | 5.53 | 7.15 | 10.5000 | 6.5700 | 7.73 | 1.29 |
| 2016-12 | 4.23 | 6.09 | 12.42 | 19.0800 | 11.2400 | 7.74 | 2.04 |
| 2014-12 | 20.18 | 22.69 | 29.75 | 47.8000 | 4.9200 | 12.35 | 1.31 |
| 2025-06 | 0.96 | 2.41 | 0.88 | 1.3000 | 1.7400 | 5.71 | 0.37 |
| 2025-09 | 0.18 | 2.25 | 1.28 | 1.9600 | 2.5400 | 5.54 | 0.57 |
| 2026-03 | 4.60 | 5.82 | -- | -- | -- | -- | -- |
| 2025-12 | 0.13 | 2.31 | -- | -- | -- | -- | -- |
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 |
| 2024-12 | 38.66 | 61.34 | 1.4800 | 0.9300 |
| 2025-03 | 34.62 | 65.43 | 1.5900 | 1.0000 |
| 2024-03 | 35.02 | 64.98 | 1.8200 | 1.0600 |
| 2024-06 | 34.98 | 64.97 | 1.8300 | 1.1600 |
| 2024-09 | 35.92 | 64.08 | 1.6600 | 1.0200 |
| 2023-09 | 37.76 | 62.24 | 1.6100 | 0.9300 |
| 2023-12 | 38.01 | 61.99 | 1.6700 | 0.9900 |
| 2023-03 | 40.20 | 59.76 | 1.9500 | 1.2100 |
| 2023-06 | 39.05 | 60.92 | 1.8700 | 1.1200 |
| 2022-09 | 38.55 | 61.42 | 1.7200 | 0.9700 |
| 2022-12 | 39.35 | 60.69 | 1.9000 | 1.1400 |
| 2021-12 | 31.97 | 68.03 | 2.5000 | 1.6500 |
| 2022-06 | 33.44 | 66.56 | 1.8100 | 0.9000 |
| 2022-03 | 31.87 | 68.09 | 2.0800 | 1.2600 |
| 2021-06 | 29.93 | 70.07 | 3.1200 | 2.2200 |
| 2021-09 | 33.32 | 66.68 | 2.8000 | 2.0800 |
| 2020-12 | 21.56 | 78.44 | 3.9100 | 2.7300 |
| 2021-03 | 22.24 | 77.76 | 3.9000 | 2.4800 |
| 2020-03 | 18.80 | 81.13 | 5.4300 | 4.4000 |
| 2020-09 | 22.50 | 77.50 | 4.0100 | 3.2000 |
| 2020-06 | 15.24 | 84.68 | 6.6400 | 5.3800 |
| 2019-12 | 17.49 | 82.58 | 5.9900 | 5.1800 |
| 2019-09 | 41.42 | 58.76 | 2.4700 | 1.5700 |
| 2019-06 | 42.35 | 57.65 | 2.4300 | 1.5500 |
| 2019-03 | 34.74 | 65.51 | -- | -- |
| 2018-03 | -- | -- | -- | -- |
| 2018-09 | -- | -- | -- | -- |
| 2018-12 | 35.46 | 64.54 | 2.9100 | 1.8200 |
| 2017-12 | 43.32 | 56.68 | 2.3200 | 1.5300 |
| 2017-03 | 56.05 | 43.95 | 1.6700 | 1.1800 |
| 2015-12 | 28.01 | 71.74 | 3.3000 | 2.6700 |
| 2016-12 | 64.03 | 35.73 | 1.3900 | 1.0000 |
| 2014-12 | 32.88 | 67.32 | 2.9600 | 2.3900 |
| 2025-06 | 42.33 | 57.67 | 1.2800 | 0.8300 |
| 2025-09 | 40.63 | 59.37 | 1.3400 | 0.8800 |
| 2026-03 | -- | -- | -- | -- |
| 2025-12 | -- | -- | -- | -- |
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) |
| 2024-12 | 1542000000.0000 | 62161500.0000 | 128000000.0000 | 14716400.0000 |
| 2025-03 | 335000000.0000 | 16019500.0000 | 38992400.0000 | 2493500.0000 |
| 2024-03 | 347000000.0000 | 15281400.0000 | 28195800.0000 | 4123400.0000 |
| 2024-06 | 754000000.0000 | 30850300.0000 | 63979700.0000 | 9805500.0000 |
| 2024-09 | 1139000000.0000 | 45125800.0000 | 101000000.0000 | 9464400.0000 |
| 2023-09 | 989000000.0000 | 25768200.0000 | 68571300.0000 | 24292200.0000 |
| 2023-12 | 1443000000.0000 | 39816600.0000 | 102000000.0000 | 35330800.0000 |
| 2023-03 | 342000000.0000 | 8979700.0000 | 32326000.0000 | 7060300.0000 |
| 2023-06 | 752000000.0000 | 22784000.0000 | 74724200.0000 | 12322100.0000 |
| 2022-09 | 1091000000.0000 | 33984900.0000 | 94819300.0000 | 2679000.0000 |
| 2022-12 | 1381000000.0000 | 31684300.0000 | 107000000.0000 | 14893600.0000 |
| 2021-12 | 1660000000.0000 | 45924400.0000 | 103000000.0000 | 6842000.0000 |
| 2022-06 | 695000000.0000 | 20870300.0000 | 65581600.0000 | 5409200.0000 |
| 2022-03 | 344000000.0000 | 11083200.0000 | 32619500.0000 | 1315200.0000 |
| 2021-06 | 757000000.0000 | 20195800.0000 | 45047500.0000 | 1428700.0000 |
| 2021-09 | 1257000000.0000 | 31760400.0000 | 77447500.0000 | 1632900.0000 |
| 2020-12 | 1081000000.0000 | 32990700.0000 | 63785600.0000 | 1760100.0000 |
| 2021-03 | 336000000.0000 | 9853900.0000 | 17263100.0000 | 101900.0000 |
| 2020-03 | 186000000.0000 | 5090100.0000 | 26667700.0000 | -1813400.0000 |
| 2020-09 | 704000000.0000 | 16041500.0000 | 97276400.0000 | -2855000.0000 |
| 2020-06 | 391000000.0000 | 9844300.0000 | 57258200.0000 | -3112500.0000 |
| 2019-12 | 791000000.0000 | 22376300.0000 | 30643100.0000 | -848900.0000 |
| 2019-09 | 548000000.0000 | 15598100.0000 | 18147600.0000 | -5792700.0000 |
| 2019-06 | 367000000.0000 | 9967000.0000 | 11505900.0000 | -118200.0000 |
| 2019-03 | 155000000.0000 | 5460900.0000 | 6510400.0000 | -142300.0000 |
| 2018-03 | -- | -- | -- | -- |
| 2018-09 | 511000000.0000 | 11726800.0000 | 19202100.0000 | -5404600.0000 |
| 2018-12 | 689000000.0000 | 15171900.0000 | 28291000.0000 | -2673300.0000 |
| 2017-12 | 627000000.0000 | 12682100.0000 | 21507400.0000 | 1412800.0000 |
| 2017-03 | 140000000.0000 | 2970900.0000 | 16522900.0000 | 114300.0000 |
| 2015-12 | 348000000.0000 | 9147500.0000 | 51852900.0000 | -239300.0000 |
| 2016-12 | 543000000.0000 | 12099600.0000 | 33865900.0000 | -351700.0000 |
| 2014-12 | 269000000.0000 | 8404500.0000 | 38764200.0000 | -203700.0000 |
| 2025-06 | 724000000.0000 | 36162500.0000 | 64572400.0000 | 5976700.0000 |
| 2025-09 | 1115000000.0000 | 54851000.0000 | 91708500.0000 | 6424500.0000 |
| 2026-03 | 581000000.0000 | 23137100.0000 | 29539900.0000 | 3269000.0000 |
| 2025-12 | 1568000000.0000 | -- | -- | -- |