中商官网
研究报告
振华风光（688439）
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 | 189000000.0000 | -45.69 | 20507300.0000 | -87.50 | 20564400.0000 | -87.46 | 20058800.0000 | -85.57 |
| 2024-09-30 | 792000000.0000 | -18.77 | 284000000.0000 | -43.87 | 283000000.0000 | -43.96 | 250000000.0000 | -41.86 |
| 2024-12-31 | 1063000000.0000 | -18.04 | 391000000.0000 | -45.01 | 390000000.0000 | -45.07 | 347000000.0000 | -43.30 |
| 2024-03-31 | 348000000.0000 | 7.41 | 164000000.0000 | -1.80 | 164000000.0000 | -1.80 | 139000000.0000 | -2.11 |
| 2024-06-30 | 611000000.0000 | -5.56 | 263000000.0000 | -20.78 | 262000000.0000 | -21.08 | 230000000.0000 | -19.01 |
| 2023-09-30 | 975000000.0000 | 69.57 | 506000000.0000 | 68.67 | 505000000.0000 | 68.33 | 430000000.0000 | 67.32 |
| 2023-12-31 | 1297000000.0000 | 66.50 | 711000000.0000 | 86.61 | 710000000.0000 | 86.35 | 612000000.0000 | 81.07 |
| 2023-06-30 | 647000000.0000 | 61.35 | 332000000.0000 | 47.56 | 332000000.0000 | 47.56 | 284000000.0000 | 46.39 |
| 2023-03-31 | 324000000.0000 | 75.14 | 167000000.0000 | 42.74 | 167000000.0000 | 42.74 | 142000000.0000 | 42.00 |
| 2022-06-30 | 401000000.0000 | 49.63 | 225000000.0000 | 64.23 | 225000000.0000 | 65.44 | 194000000.0000 | 65.81 |
| 2022-12-31 | 779000000.0000 | 55.18 | 381000000.0000 | 76.39 | 381000000.0000 | 76.39 | 338000000.0000 | 79.79 |
| 2022-09-30 | 575000000.0000 | 46.31 | 300000000.0000 | 56.25 | 300000000.0000 | 57.07 | 257000000.0000 | 55.76 |
| 2022-03-31 | 185000000.0000 | 68.18 | 117000000.0000 | 122.42 | 117000000.0000 | 121.88 | 100000000.0000 | 123.70 |
| 2021-12-31 | 502000000.0000 | 39.06 | 216000000.0000 | 75.61 | 216000000.0000 | 74.19 | 188000000.0000 | 77.36 |
| 2021-06-30 | 268000000.0000 | -- | 137000000.0000 | -- | 136000000.0000 | -- | 117000000.0000 | -- |
| 2021-09-30 | 393000000.0000 | -- | 192000000.0000 | -- | 191000000.0000 | -- | 165000000.0000 | -- |
| 2021-03-31 | 110000000.0000 | -- | 52603500.0000 | -- | 52730700.0000 | -- | 44703200.0000 | -- |
| 2020-12-31 | 361000000.0000 | 40.47 | 123000000.0000 | 44.56 | 124000000.0000 | 49.99 | 106000000.0000 | 49.84 |
| 2019-12-31 | 257000000.0000 | 46.86 | 85084800.0000 | 90.51 | 82670400.0000 | 90.62 | 70743300.0000 | 94.62 |
| 2018-12-31 | 175000000.0000 | -- | 44661000.0000 | -- | 43368600.0000 | -- | 36348700.0000 | -- |
| 2025-06-30 | 465000000.0000 | -23.90 | 60973600.0000 | -76.82 | 61153200.0000 | -76.66 | 58585500.0000 | -74.53 |
| 2025-09-30 | 701000000.0000 | -11.49 | 106000000.0000 | -62.68 | 106000000.0000 | -62.54 | 99353900.0000 | -60.26 |
| 2026-03-31 | 137000000.0000 | -27.51 | -20523600.0000 | -200.08 | -20756800.0000 | -200.94 | -15531700.0000 | -177.43 |
| 2025-12-31 | 772000000.0000 | -27.38 | 171000000.0000 | -56.27 | 171000000.0000 | -56.15 | 157000000.0000 | -54.76 |
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 | 5.29 | 10.88 | 0.38 | 0.4000 | 0.1100 | 0.44 | 0.03 |
| 2024-09 | 32.32 | 35.73 | 5.14 | 5.1900 | 0.3800 | 0.74 | 0.14 |
| 2024-12 | 32.36 | 36.69 | 7.11 | 6.6900 | 0.4900 | 0.76 | 0.19 |
| 2024-03 | 45.11 | 47.13 | 2.95 | 2.9100 | 0.1500 | 1.06 | 0.06 |
| 2024-06 | 39.77 | 42.88 | 4.83 | 4.8000 | 0.3000 | 0.86 | 0.11 |
| 2023-09 | 49.44 | 51.79 | 9.64 | 9.0300 | 0.4300 | 1.74 | 0.19 |
| 2023-12 | 52.20 | 54.74 | 13.25 | 13.7100 | 0.4900 | 1.68 | 0.24 |
| 2023-06 | 50.39 | 51.31 | 6.57 | 5.9400 | 0.2800 | 2.04 | 0.13 |
| 2023-03 | 51.54 | 51.54 | 3.34 | 3.0300 | 0.1300 | 2.50 | 0.06 |
| 2022-06 | 56.11 | 56.11 | 13.64 | 23.6700 | 0.1900 | 2.17 | 0.24 |
| 2022-12 | 47.63 | 48.91 | 7.90 | 16.3200 | 0.3500 | 2.36 | 0.16 |
| 2022-09 | 52.00 | 52.17 | 6.17 | 20.7100 | 0.2900 | 2.20 | 0.12 |
| 2022-03 | 62.74 | 63.24 | 7.73 | -- | -- | -- | 0.12 |
| 2021-12 | 42.83 | 43.03 | 17.02 | 35.7000 | 0.5200 | 1.99 | 0.40 |
| 2021-06 | 51.12 | 50.75 | 12.26 | 24.2300 | 0.3700 | 1.71 | 0.24 |
| 2021-09 | 48.60 | 48.60 | -- | -- | -- | -- | -- |
| 2021-03 | 100.00 | 47.94 | -- | -- | -- | -- | -- |
| 2020-12 | 33.24 | 34.35 | 17.27 | 43.5100 | 0.7400 | 1.90 | 0.50 |
| 2019-12 | 31.91 | 32.17 | 13.29 | 32.8900 | 0.6200 | 2.19 | 0.41 |
| 2018-12 | 24.00 | 24.78 | 9.79 | 24.0000 | 0.5300 | 1.79 | 0.40 |
| 2025-06 | 9.68 | 13.15 | 1.11 | 1.2600 | 0.3000 | 0.54 | 0.08 |
| 2025-09 | 11.27 | 15.12 | 1.90 | 1.8800 | 0.4400 | 0.53 | 0.13 |
| 2026-03 | -20.44 | -15.15 | -0.37 | -- | -- | -- | 0.02 |
| 2025-12 | 18.52 | 22.15 | 3.05 | -- | -- | -- | 0.14 |
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 | 8.61 | 91.39 | 13.4500 | 11.3500 |
| 2024-09 | 11.43 | 88.57 | 9.3000 | 7.9400 |
| 2024-12 | 9.01 | 90.99 | 12.8100 | 10.8100 |
| 2024-03 | 11.83 | 88.17 | 8.9500 | 7.6000 |
| 2024-06 | 10.49 | 89.51 | 9.9400 | 8.4700 |
| 2023-09 | 12.54 | 87.45 | 9.4200 | 8.0500 |
| 2023-12 | 11.08 | 88.92 | 9.8900 | 8.3400 |
| 2023-06 | 12.21 | 87.77 | 9.6800 | 6.6600 |
| 2023-03 | 13.32 | 86.68 | 8.8800 | 7.4300 |
| 2022-06 | 49.85 | 50.15 | 2.1300 | 1.4200 |
| 2022-12 | 11.97 | 88.03 | 10.4300 | 8.7600 |
| 2022-09 | 14.59 | 85.41 | 7.9200 | 6.9200 |
| 2022-03 | 51.59 | 48.41 | 2.1200 | 2.1200 |
| 2021-12 | 50.20 | 49.88 | 1.8900 | 1.2700 |
| 2021-06 | 49.32 | 50.68 | 2.0400 | 1.5600 |
| 2021-09 | -- | -- | -- | -- |
| 2021-03 | -- | -- | -- | -- |
| 2020-12 | 66.43 | 33.57 | 1.6100 | 1.2100 |
| 2019-12 | 59.97 | 40.03 | 2.2300 | 1.5600 |
| 2018-12 | 61.85 | 38.15 | 1.7800 | 1.1100 |
| 2025-06 | 9.32 | 90.68 | 11.6400 | 9.9700 |
| 2025-09 | 9.27 | 90.73 | 11.5900 | 9.9900 |
| 2026-03 | 9.42 | 90.58 | -- | -- |
| 2025-12 | 9.38 | 90.62 | -- | -- |
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 | 179000000.0000 | 12482400.0000 | 21353200.0000 | -22400.0000 |
| 2024-09 | 536000000.0000 | 31621500.0000 | 68044000.0000 | -6924000.0000 |
| 2024-12 | 719000000.0000 | 33480300.0000 | 96941600.0000 | 1897200.0000 |
| 2024-03 | 191000000.0000 | 8563700.0000 | 24005500.0000 | -3415400.0000 |
| 2024-06 | 368000000.0000 | 19638300.0000 | 44388500.0000 | 2037400.0000 |
| 2023-09 | 493000000.0000 | 35502300.0000 | 64054000.0000 | -28442400.0000 |
| 2023-12 | 620000000.0000 | 46851100.0000 | 92459700.0000 | 1798800.0000 |
| 2023-06 | 321000000.0000 | 23302900.0000 | 39673800.0000 | -18247900.0000 |
| 2023-03 | 157000000.0000 | 13457900.0000 | 18802000.0000 | -9808600.0000 |
| 2022-06 | 176000000.0000 | 18222600.0000 | 34092600.0000 | 6496600.0000 |
| 2022-12 | 408000000.0000 | 42575600.0000 | 82242100.0000 | 10010600.0000 |
| 2022-09 | 276000000.0000 | 28475400.0000 | 55858200.0000 | 8354100.0000 |
| 2022-03 | 68928800.0000 | 7911000.0000 | 12905100.0000 | 3803500.0000 |
| 2021-12 | 287000000.0000 | 29458700.0000 | 60451000.0000 | 7298300.0000 |
| 2021-06 | 131000000.0000 | 12344500.0000 | 27330900.0000 | 3346200.0000 |
| 2021-09 | 202000000.0000 | 22460600.0000 | 41331300.0000 | 4632300.0000 |
| 2021-03 | -- | -- | -- | -- |
| 2020-12 | 241000000.0000 | 23276000.0000 | 38428000.0000 | 8007100.0000 |
| 2019-12 | 175000000.0000 | 20452000.0000 | 35215000.0000 | 6326400.0000 |
| 2018-12 | 133000000.0000 | 17913500.0000 | 30119300.0000 | 3723200.0000 |
| 2025-06 | 420000000.0000 | 23522700.0000 | 46009900.0000 | 1362100.0000 |
| 2025-09 | 622000000.0000 | 33560800.0000 | 66794200.0000 | -247000.0000 |
| 2026-03 | 165000000.0000 | 7369100.0000 | 23960300.0000 | -404400.0000 |
| 2025-12 | 629000000.0000 | 49904500.0000 | 93360100.0000 | 2768000.0000 |