中商官网
研究报告
小鹏汽车-W（HK9868）
主要经济指标
| 类别\年份 | 营业额 （元) |
营业额同比 （%) |
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 | 40866309000.0000 | 33.22 | 5845768000.0000 | 1195.73 | -5830975000.0000 | -43.90 | -5790264000.0000 | -44.19 |
| 2025-03 | 15810628000.0000 | 141.45 | 2459530000.0000 | 191.50 | -656055000.0000 | -52.00 | -664046000.0000 | -51.45 |
| 2024-09 | 24761213000.0000 | 40.48 | 3520991000.0000 | -1082.65 | -4481306000.0000 | -50.54 | -4460291000.0000 | -50.60 |
| 2024-06 | 14659503000.0000 | 61.16 | 1979543000.0000 | -1618.53 | -2712115000.0000 | -47.61 | -2652571000.0000 | -48.41 |
| 2024-03 | 6548096000.0000 | 62.35 | 843753000.0000 | 1158.73 | -1366830000.0000 | -41.36 | -1367890000.0000 | -41.47 |
| 2023-06 | 9096116000.0000 | -38.92 | -130359000.0000 | -107.58 | -5177086000.0000 | 18.09 | -5141610000.0000 | 16.81 |
| 2023-12 | 30676067000.0000 | 14.23 | 451155000.0000 | -85.39 | -10393705000.0000 | 13.99 | -10375775000.0000 | 13.53 |
| 2023-09 | 17625637000.0000 | -18.83 | -358317000.0000 | -113.56 | -9060037000.0000 | 34.38 | -9028160000.0000 | 33.20 |
| 2022-12 | 26855119000.0000 | 27.95 | 3088391000.0000 | 17.76 | -9118358000.0000 | 88.51 | -9138972000.0000 | 87.92 |
| 2023-03 | 4033420000.0000 | -45.90 | 67032000.0000 | -92.64 | -2330801000.0000 | 37.24 | -2336958000.0000 | 37.41 |
| 2022-06 | 14891283000.0000 | 121.85 | 1720089000.0000 | 120.97 | -4384127000.0000 | 121.29 | -4401649000.0000 | 122.18 |
| 2022-09 | 21714770000.0000 | 74.67 | 2643327000.0000 | 65.29 | -6742110000.0000 | 88.56 | -6777797000.0000 | 89.54 |
| 2021-09 | 12432123000.0000 | 315.38 | 1599245000.0000 | 2785.42 | -3575628000.0000 | 83.88 | -3575931000.0000 | -12.83 |
| 2022-03 | 7454938000.0000 | 152.63 | 910729000.0000 | 176.11 | -1698343000.0000 | 115.92 | -1700767000.0000 | 116.23 |
| 2021-12 | 20988131000.0000 | 259.12 | 2622555000.0000 | 885.96 | -4837106000.0000 | 77.13 | -4863096000.0000 | -0.54 |
| 2021-03 | 2950926000.0000 | 616.12 | 329841000.0000 | -1759.74 | -786561000.0000 | 21.05 | -786561000.0000 | -15.88 |
| 2021-06 | 6712205000.0000 | 569.31 | 778421000.0000 | -2255.34 | -1981130000.0000 | 148.95 | -1981130000.0000 | -4.59 |
| 2020-09 | 2992969000.0000 | -- | 55425000.0000 | -- | -1944558000.0000 | -- | -4102308000.0000 | -- |
| 2020-12 | 5844321000.0000 | 151.78 | 265989000.0000 | -147.66 | -2730762000.0000 | -26.03 | -4889729000.0000 | 5.32 |
| 2020-06 | 1002850000.0000 | -- | -36116000.0000 | -- | -795803000.0000 | -- | -2076540000.0000 | -- |
| 2019-12 | 2321219000.0000 | 23815.30 | -558141000.0000 | 23540.03 | -3691672000.0000 | 163.91 | -4642754000.0000 | 105.90 |
| 2020-03 | 412069000.0000 | -- | -19873000.0000 | -- | -649761000.0000 | -- | -935054000.0000 | -- |
| 2018-12 | 9706000.0000 | -- | -2361000.0000 | -- | -1398823000.0000 | -- | -2254864000.0000 | -- |
盈利能力分析
| 类别\年份 | 销售毛利率 （%) |
主营利润率 （%) |
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 | 14.30 | -13.7700 | -7.05 | -18.5100 | 6.30 | -- | 0.49 |
| 2025-03 | 15.56 | -5.5600 | -0.74 | -2.1600 | 2.24 | -- | 0.18 |
| 2024-09 | 14.22 | -17.2800 | -5.86 | -13.9300 | 3.46 | -- | 0.32 |
| 2024-06 | 13.50 | -18.1900 | -3.62 | -7.8000 | 2.28 | -- | 0.20 |
| 2024-03 | 12.89 | -20.3500 | -1.71 | -3.8900 | 0.93 | -- | 0.08 |
| 2023-06 | -1.43 | -56.7000 | -7.76 | -15.7400 | 2.58 | -- | 0.14 |
| 2023-12 | 1.47 | -32.2700 | -12.35 | -28.5600 | 5.47 | -- | 0.36 |
| 2023-09 | -2.03 | -45.7800 | -12.84 | -31.3500 | 3.40 | -- | 0.25 |
| 2022-12 | 11.50 | -28.9700 | -12.75 | -24.7600 | 5.26 | -- | 0.38 |
| 2023-03 | 1.66 | -58.2200 | -3.46 | -6.7800 | 0.92 | -- | 0.06 |
| 2022-06 | 11.55 | -23.8900 | -6.33 | -11.0100 | 3.11 | -- | 0.21 |
| 2022-09 | 12.17 | -25.2500 | -9.39 | -17.1800 | 4.36 | -- | 0.30 |
| 2021-09 | 12.86 | -29.8600 | -5.80 | -8.1400 | 4.70 | -- | 0.20 |
| 2022-03 | 12.22 | -22.9700 | -2.54 | -4.2000 | 1.78 | -- | 0.11 |
| 2021-12 | 12.50 | -28.0700 | -7.37 | -11.5400 | 6.90 | -- | 0.32 |
| 2021-03 | 11.18 | -26.6500 | -1.67 | -2.3200 | 1.36 | -- | 0.06 |
| 2021-06 | 11.60 | -31.0900 | -4.28 | -6.1300 | 2.80 | -- | 0.14 |
| 2020-09 | 1.85 | -64.9700 | -- | -- | -- | -- | -- |
| 2020-12 | 4.55 | -46.7300 | -6.11 | -14.2000 | 4.15 | -- | 0.13 |
| 2020-06 | -3.60 | -79.3500 | -- | -- | -- | -- | -- |
| 2019-12 | -24.05 | -159.0400 | -39.90 | 67.9700 | 6.34 | -- | 0.25 |
| 2020-03 | -4.82 | -157.6800 | -- | -- | -- | -- | -- |
| 2018-12 | -24.33 | -14411.9400 | -18.23 | 103.1900 | 0.07 | -- | 0.00 |
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 | 62.19 | 37.81 | 1.25 | 1.11 |
| 2025-03 | 65.46 | 34.54 | 1.21 | 1.07 |
| 2024-09 | 58.10 | 41.90 | 1.37 | 1.18 |
| 2024-06 | 54.66 | 45.34 | 1.50 | 1.31 |
| 2024-03 | 56.04 | 43.96 | 1.50 | 1.32 |
| 2023-06 | 51.00 | 49.00 | 1.72 | 1.57 |
| 2023-12 | 56.84 | 43.16 | 1.51 | 1.36 |
| 2023-09 | 59.18 | 40.82 | 1.44 | 1.27 |
| 2022-12 | 48.37 | 51.63 | 1.81 | 1.62 |
| 2023-03 | 48.93 | 51.07 | 1.68 | 1.49 |
| 2022-06 | 42.30 | 57.70 | 1.97 | 1.78 |
| 2022-09 | 45.06 | 54.94 | 1.89 | 1.70 |
| 2021-09 | 28.71 | 71.29 | 3.87 | 3.69 |
| 2022-03 | 39.51 | 60.49 | 2.29 | 2.11 |
| 2021-12 | 35.80 | 64.20 | 2.71 | 2.56 |
| 2021-03 | 28.27 | 71.73 | 4.48 | 4.27 |
| 2021-06 | 30.20 | 69.80 | 3.87 | 3.65 |
| 2020-09 | -- | -- | -- | -- |
| 2020-12 | 22.99 | 77.01 | 5.06 | 4.89 |
| 2020-06 | -- | -- | -- | -- |
| 2019-12 | 173.83 | -73.83 | 1.50 | 1.37 |
| 2020-03 | -- | -- | -- | -- |
| 2018-12 | 128.48 | -28.48 | 6.28 | 6.10 |
成本费用分析
| 类别\年份 | 销售成本 （元) |
销售费用 （元) |
管理费用 （元) |
财务费用 （元) |
| 2024/12/31 0:00:00 | 35020541000.0000 | -- | 6456734000.0000 | -1030543000.0000 |
| 2025/3/31 0:00:00 | 13351098000.0000 | -- | 1980724000.0000 | -162292000.0000 |
| 2024/9/30 0:00:00 | 21240222000.0000 | -- | 4450271000.0000 | -823367000.0000 |
| 2024/6/30 0:00:00 | 12679960000.0000 | -- | 2817200000.0000 | -588807000.0000 |
| 2024/3/31 0:00:00 | 5704343000.0000 | -- | 1350448000.0000 | -313524000.0000 |
| 2023/6/30 0:00:00 | 9226475000.0000 | -- | 2662961000.0000 | -518450000.0000 |
| 2023/12/31 0:00:00 | 30224912000.0000 | -- | 5276574000.0000 | -991496000.0000 |
| 2023/9/30 0:00:00 | 17983954000.0000 | -- | 3968829000.0000 | -766687000.0000 |
| 2022/12/31 0:00:00 | 23766728000.0000 | -- | 5214836000.0000 | -926579000.0000 |
| 2023/3/31 0:00:00 | 3966388000.0000 | -- | 1295854000.0000 | -237074000.0000 |
| 2022/6/30 0:00:00 | 13171194000.0000 | -- | 2486237000.0000 | -453305000.0000 |
| 2022/9/30 0:00:00 | 19071443000.0000 | -- | 3984787000.0000 | -704291000.0000 |
| 2021/9/30 0:00:00 | 10832878000.0000 | -- | 3025368000.0000 | -437524000.0000 |
| 2022/3/31 0:00:00 | 6544209000.0000 | -- | 1221278000.0000 | -208110000.0000 |
| 2021/12/31 0:00:00 | 18365576000.0000 | -- | 4114267000.0000 | -687698000.0000 |
| 2021/3/31 0:00:00 | 2621085000.0000 | -- | 535114000.0000 | -133960000.0000 |
| 2021/6/30 0:00:00 | 5933784000.0000 | -- | 1761128000.0000 | -259983000.0000 |
| 2020/9/30 0:00:00 | 2937544000.0000 | -- | 1551633000.0000 | -24289000.0000 |
| 2020/12/31 0:00:00 | 5578332000.0000 | -- | 1725906000.0000 | -110585000.0000 |
| 2020/6/30 0:00:00 | 1038966000.0000 | -- | 916260000.0000 | -4999000.0000 |
| 2019/12/31 0:00:00 | 2879360000.0000 | -- | 2070158000.0000 | -56826000.0000 |
| 2020/3/31 0:00:00 | 431942000.0000 | -- | 310782000.0000 | -2380000.0000 |
| 2018/12/31 0:00:00 | 12067000.0000 | -- | 1051219000.0000 | -59554000.0000 |