中商官网
研究报告
明泰股份（874675）
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 | 2874000000.0000 | 9.95 | 698000000.0000 | 19.11 | 698000000.0000 | 19.52 | 607000000.0000 | 19.49 |
| 2022-12-31 | 2379000000.0000 | 17.25 | 530000000.0000 | 0.95 | 529000000.0000 | 0.76 | 464000000.0000 | 1.09 |
| 2024-06-30 | 1374000000.0000 | -- | 370000000.0000 | -- | 370000000.0000 | -- | 321000000.0000 | -- |
| 2023-12-31 | 2614000000.0000 | 9.88 | 586000000.0000 | 10.57 | 584000000.0000 | 10.40 | 508000000.0000 | 9.48 |
| 2021-12-31 | 2029000000.0000 | 16.08 | 525000000.0000 | -1.69 | 525000000.0000 | -1.69 | 459000000.0000 | -0.22 |
| 2022-06-30 | 1041000000.0000 | -- | 243000000.0000 | -- | 243000000.0000 | -- | 212000000.0000 | -- |
| 2020-12-31 | 1748000000.0000 | 6.33 | 534000000.0000 | 33.83 | 534000000.0000 | 34.51 | 460000000.0000 | 38.97 |
| 2018-12-31 | 1785000000.0000 | 5.68 | 486000000.0000 | 11.72 | 485000000.0000 | 12.79 | 419000000.0000 | 13.86 |
| 2019-12-31 | 1644000000.0000 | -7.90 | 399000000.0000 | -17.90 | 397000000.0000 | -18.14 | 331000000.0000 | -21.00 |
| 2020-06-30 | 766000000.0000 | -- | 245000000.0000 | -- | 246000000.0000 | -- | 210000000.0000 | -- |
| 2017-12-31 | 1689000000.0000 | -- | 435000000.0000 | -- | 430000000.0000 | -- | 368000000.0000 | -- |
| 2025-06-30 | 1581000000.0000 | 15.07 | 364000000.0000 | -1.62 | 356000000.0000 | -3.78 | 312000000.0000 | -2.80 |
| 2025-12-31 | 3352000000.0000 | 16.63 | 899000000.0000 | 28.80 | 889000000.0000 | 27.36 | 766000000.0000 | 26.19 |
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 | 23.24 | 24.29 | 15.60 | 16.3300 | 2.4300 | 3.52 | 0.64 |
| 2022-12 | 21.44 | 22.24 | 14.93 | 16.3000 | 2.2400 | 4.65 | 0.67 |
| 2024-06 | 26.06 | 26.93 | 8.75 | 8.6600 | 1.2600 | 4.00 | 0.32 |
| 2023-12 | 21.69 | 22.34 | 13.07 | 15.2200 | 2.3600 | 4.26 | 0.58 |
| 2021-12 | 24.89 | 25.87 | 17.55 | 19.3600 | 2.1900 | 5.14 | 0.68 |
| 2022-06 | 22.48 | 23.34 | 7.72 | 7.8100 | 0.9400 | 4.44 | 0.33 |
| 2020-12 | 29.18 | 30.55 | 21.91 | 24.1400 | 1.9900 | 5.51 | 0.72 |
| 2018-12 | 25.94 | 27.17 | 19.69 | 36.9900 | 2.1400 | 5.39 | 0.72 |
| 2019-12 | 20.32 | 24.15 | 18.57 | 27.3500 | 1.8500 | 5.22 | 0.77 |
| 2020-06 | 29.90 | 32.11 | 11.73 | 11.8100 | 0.8700 | 5.23 | 0.37 |
| 2017-12 | 25.34 | 25.46 | 22.18 | 27.2700 | 2.2500 | 5.32 | 0.87 |
| 2025-06 | 22.33 | 22.52 | 7.97 | 8.0300 | 1.2500 | 3.24 | 0.35 |
| 2025-12 | 26.10 | 26.52 | -- | 19.8500 | 2.5400 | 3.59 | -- |
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 | 14.46 | 85.54 | 5.0300 | 3.5200 |
| 2022-12 | 13.07 | 86.93 | 5.2400 | 3.3100 |
| 2024-06 | 14.69 | 85.31 | 4.8900 | 3.6700 |
| 2023-12 | 19.53 | 80.47 | 3.7300 | 2.7400 |
| 2021-12 | 12.87 | 87.17 | 5.7600 | 3.2500 |
| 2022-06 | 10.24 | 89.76 | 7.5600 | 4.2200 |
| 2020-12 | 12.19 | 87.81 | 5.9300 | 3.7200 |
| 2018-12 | 47.58 | 52.46 | 1.4800 | 0.6500 |
| 2019-12 | 21.80 | 78.16 | 3.0100 | 1.6400 |
| 2020-06 | 10.11 | 89.94 | 6.9400 | 3.9900 |
| 2017-12 | 44.66 | 55.34 | 1.5100 | 0.8300 |
| 2025-06 | 20.70 | 79.30 | 3.5000 | 2.3900 |
| 2025-12 | -- | -- | 4.9800 | -- |
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 | 2206000000.0000 | 62345800.0000 | 85288900.0000 | 1075500.0000 |
| 2022-12 | 1869000000.0000 | 47838500.0000 | 73035200.0000 | 1036900.0000 |
| 2024-06 | 1016000000.0000 | 27843600.0000 | 42674400.0000 | 1134400.0000 |
| 2023-12 | 2047000000.0000 | 61343100.0000 | 79552000.0000 | 498400.0000 |
| 2021-12 | 1524000000.0000 | 43223300.0000 | 78539700.0000 | 1056600.0000 |
| 2022-06 | 807000000.0000 | 17632800.0000 | 36944400.0000 | 523800.0000 |
| 2020-12 | 1238000000.0000 | 34669300.0000 | 74695000.0000 | 1602600.0000 |
| 2018-12 | 1322000000.0000 | 64867500.0000 | 66002100.0000 | 6111000.0000 |
| 2019-12 | 1310000000.0000 | 67213200.0000 | 158000000.0000 | 11208000.0000 |
| 2020-06 | 537000000.0000 | 26663300.0000 | 35195100.0000 | -1559200.0000 |
| 2017-12 | 1261000000.0000 | 57920900.0000 | 54146000.0000 | 11065900.0000 |
| 2025-06 | 1228000000.0000 | 26515900.0000 | 41456200.0000 | 1836800.0000 |
| 2025-12 | 2477000000.0000 | 64852600.0000 | 84040100.0000 | 232100.0000 |