中商官网
研究报告
百度集团-SW（HK9888）
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 （%) |
| 2025-03 | 32452000000.0000 | 2.98 | 14965000000.0000 | -7.75 | 8995000000.0000 | 33.66 | 7717000000.0000 | 41.65 |
| 2024-06 | 65444000000.0000 | 0.37 | 33755000000.0000 | -0.37 | 13445000000.0000 | -5.01 | 10936000000.0000 | -0.90 |
| 2024-12 | 133125000000.0000 | -1.09 | 67023000000.0000 | -3.66 | 28622000000.0000 | 13.59 | 23760000000.0000 | 16.96 |
| 2024-09 | 99001000000.0000 | -0.65 | 50913000000.0000 | -2.15 | 22045000000.0000 | -1.29 | 18568000000.0000 | 4.81 |
| 2024-03 | 31513000000.0000 | 1.18 | 16222000000.0000 | 1.44 | 6730000000.0000 | -11.16 | 5448000000.0000 | -6.47 |
| 2023-12 | 134598000000.0000 | 8.83 | 69567000000.0000 | 16.45 | 25198000000.0000 | 149.19 | 20315000000.0000 | 168.75 |
| 2023-06 | 65200000000.0000 | 12.30 | 33881000000.0000 | 23.92 | 14154000000.0000 | 343.56 | 11035000000.0000 | 300.98 |
| 2023-09 | 99647000000.0000 | 9.99 | 52034000000.0000 | 19.32 | 22333000000.0000 | 497.46 | 17716000000.0000 | 579.82 |
| 2023-03 | 31144000000.0000 | 9.62 | 15992000000.0000 | 24.31 | 7575000000.0000 | -2204.17 | 5825000000.0000 | -758.19 |
| 2022-09 | 90598000000.0000 | -0.88 | 43608000000.0000 | -1.74 | 3738000000.0000 | -55.57 | 2606000000.0000 | -69.38 |
| 2022-12 | 123675000000.0000 | -0.66 | 59740000000.0000 | -0.73 | 10112000000.0000 | -6.18 | 7559000000.0000 | -26.08 |
| 2022-03 | 28411000000.0000 | 0.98 | 12865000000.0000 | -2.03 | -360000000.0000 | -101.36 | -885000000.0000 | -103.45 |
| 2022-06 | 58058000000.0000 | -2.40 | 27341000000.0000 | -4.35 | 3191000000.0000 | -88.44 | 2752000000.0000 | -89.02 |
| 2021-06 | 59484000000.0000 | 22.45 | 28585000000.0000 | 37.71 | 27599000000.0000 | 990.87 | 25070000000.0000 | 592.54 |
| 2021-12 | 124493000000.0000 | 16.27 | 60179000000.0000 | 15.92 | 10778000000.0000 | -53.32 | 10226000000.0000 | -54.49 |
| 2021-09 | 91405000000.0000 | 19.00 | 44380000000.0000 | 22.68 | 8413000000.0000 | -52.14 | 8511000000.0000 | -50.80 |
| 2021-03 | 28134000000.0000 | 24.79 | 13132000000.0000 | 67.12 | 26566000000.0000 | -1895.00 | 25653000000.0000 | 62468.29 |
| 2020-12 | 107074000000.0000 | -0.32 | 51916000000.0000 | 16.50 | 23090000000.0000 | -6891.18 | 22472000000.0000 | 992.46 |
| 2020-09 | 76811000000.0000 | -- | 36175000000.0000 | -- | 17580000000.0000 | -- | 17298000000.0000 | -- |
| 2020-06 | 48579000000.0000 | -- | 20758000000.0000 | -- | 2530000000.0000 | -- | 3620000000.0000 | -- |
| 2020-03 | 22545000000.0000 | -- | 7858000000.0000 | -- | -1480000000.0000 | -- | 41000000.0000 | -- |
| 2018-12 | 102277000000.0000 | -- | 50533000000.0000 | -- | 27325000000.0000 | -- | 27573000000.0000 | -- |
| 2019-12 | 107413000000.0000 | 5.02 | 44563000000.0000 | -11.81 | -340000000.0000 | -101.24 | 2057000000.0000 | -92.54 |
| 2025-06 | 65165000000.0000 | -0.43 | 29321000000.0000 | -13.14 | 17135000000.0000 | 27.45 | 15039000000.0000 | 37.52 |
| 2025-09 | 96339000000.0000 | -2.69 | 42180000000.0000 | -17.15 | 3990000000.0000 | -81.90 | 3807000000.0000 | -79.50 |
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) |
| 2025-03 | 46.11 | 25.9500 | 1.98 | 2.8600 | -- | -- | 0.07 |
| 2024-06 | 51.58 | 21.0400 | 3.24 | 4.3300 | -- | -- | 0.16 |
| 2024-12 | 50.35 | 22.0200 | 6.69 | 9.0100 | -- | -- | 0.31 |
| 2024-09 | 51.43 | 22.5600 | 5.28 | 7.1500 | -- | -- | 0.24 |
| 2024-03 | 51.48 | 22.0100 | 1.62 | 2.2000 | -- | -- | 0.08 |
| 2023-12 | 51.69 | 21.5400 | 6.19 | 8.3400 | -- | -- | 0.33 |
| 2023-06 | 51.96 | 22.3700 | 3.48 | 4.6800 | -- | -- | 0.16 |
| 2023-09 | 52.22 | 23.2400 | 5.43 | 7.3100 | -- | -- | 0.24 |
| 2023-03 | 51.35 | 24.4800 | 1.89 | 2.5300 | -- | -- | 0.08 |
| 2022-09 | 48.13 | 5.6600 | 0.96 | 1.2000 | -- | -- | 0.23 |
| 2022-12 | 48.30 | 9.7200 | 2.59 | 3.3800 | -- | -- | 0.32 |
| 2022-03 | 45.28 | 0.1700 | -0.10 | -0.4200 | -- | -- | 0.08 |
| 2022-06 | 47.09 | 7.2400 | 0.83 | 1.2700 | -- | -- | 0.15 |
| 2021-06 | 48.05 | 46.6600 | 7.09 | 10.9500 | -- | -- | 0.15 |
| 2021-12 | 48.34 | 9.4100 | 2.84 | 4.8400 | -- | -- | 0.33 |
| 2021-09 | 48.55 | 9.3800 | 2.19 | 4.0300 | -- | -- | 0.24 |
| 2021-03 | 46.68 | 94.9600 | 7.00 | 11.1600 | -- | -- | 0.07 |
| 2020-12 | 48.49 | 21.5600 | 6.94 | 12.3000 | -- | -- | 0.32 |
| 2020-09 | 47.10 | 25.6200 | -- | -- | -- | -- | -- |
| 2020-06 | 42.73 | 8.4000 | -- | -- | -- | -- | -- |
| 2020-03 | 34.85 | -7.3700 | -- | -- | -- | -- | -- |
| 2018-12 | 49.41 | 26.7200 | 9.18 | 16.9300 | -- | -- | 0.34 |
| 2019-12 | 41.49 | -0.3200 | -0.11 | 1.2600 | -- | -- | 0.36 |
| 2025-06 | 45.00 | 24.3500 | 3.80 | 5.4700 | -- | -- | 0.14 |
| 2025-09 | 43.78 | 2.0600 | 0.90 | 1.4400 | -- | -- | 0.22 |
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 | 36.10 | 63.90 | 2.29 | 2.29 |
| 2024-06 | 34.32 | 65.68 | 2.32 | 2.32 |
| 2024-12 | 33.70 | 66.30 | 2.09 | 2.09 |
| 2024-09 | 33.10 | 66.90 | 2.19 | 2.19 |
| 2024-03 | 35.43 | 64.57 | 2.79 | 2.79 |
| 2023-12 | 35.44 | 64.56 | 3.01 | 3.01 |
| 2023-06 | 37.62 | 62.38 | 2.83 | 2.83 |
| 2023-09 | 36.57 | 63.43 | 2.82 | 2.82 |
| 2023-03 | 38.26 | 61.74 | 2.94 | 2.94 |
| 2022-09 | 40.68 | 59.32 | 2.46 | 2.46 |
| 2022-12 | 39.18 | 60.82 | 2.67 | 2.67 |
| 2022-03 | 40.04 | 59.96 | 3.10 | 3.10 |
| 2022-06 | 40.09 | 59.91 | 2.75 | 2.75 |
| 2021-06 | 38.52 | 61.48 | 3.09 | 3.09 |
| 2021-12 | 41.07 | 58.93 | 2.86 | 2.86 |
| 2021-09 | 41.57 | 58.43 | 2.91 | 2.91 |
| 2021-03 | 36.97 | 63.03 | 2.86 | 2.86 |
| 2020-12 | 42.34 | 57.66 | 2.68 | 2.68 |
| 2020-09 | -- | -- | -- | -- |
| 2020-06 | -- | -- | -- | -- |
| 2020-03 | -- | -- | -- | -- |
| 2018-12 | 40.94 | 59.06 | 2.73 | 2.73 |
| 2019-12 | 42.65 | 57.35 | 2.89 | 2.89 |
| 2025-06 | 33.88 | 66.12 | 1.85 | 1.85 |
| 2025-09 | 35.24 | 64.76 | 1.91 | 1.91 |
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) |
| 2025/3/31 0:00:00 | 17487000000.0000 | -- | 4544000000.0000 | -1653000000.0000 |
| 2024/6/30 0:00:00 | 31689000000.0000 | -- | 11252000000.0000 | -3070000000.0000 |
| 2024/12/31 0:00:00 | 66102000000.0000 | -- | 22133000000.0000 | -6214000000.0000 |
| 2024/9/30 0:00:00 | 48088000000.0000 | -- | 16618000000.0000 | -3178000000.0000 |
| 2024/3/31 0:00:00 | 15291000000.0000 | -- | 5363000000.0000 | -1726000000.0000 |
| 2023/12/31 0:00:00 | 65031000000.0000 | -- | 24192000000.0000 | -5356000000.0000 |
| 2023/6/30 0:00:00 | 31319000000.0000 | -- | 11804000000.0000 | -3312000000.0000 |
| 2023/9/30 0:00:00 | 47613000000.0000 | -- | 17905000000.0000 | -4515000000.0000 |
| 2023/3/31 0:00:00 | 15152000000.0000 | -- | 5423000000.0000 | -1005000000.0000 |
| 2022/9/30 0:00:00 | 46990000000.0000 | -- | 17657000000.0000 | -1277000000.0000 |
| 2022/12/31 0:00:00 | 63935000000.0000 | -- | 23315000000.0000 | -1848000000.0000 |
| 2022/3/31 0:00:00 | 15546000000.0000 | -- | 5608000000.0000 | -733000000.0000 |
| 2022/6/30 0:00:00 | 30717000000.0000 | -- | 11900000000.0000 | -1188000000.0000 |
| 2021/6/30 0:00:00 | 30899000000.0000 | -- | 11381000000.0000 | -1027000000.0000 |
| 2021/12/31 0:00:00 | 64314000000.0000 | -- | 24938000000.0000 | -2230000000.0000 |
| 2021/9/30 0:00:00 | 47025000000.0000 | -- | 17548000000.0000 | -1616000000.0000 |
| 2021/3/31 0:00:00 | 15002000000.0000 | -- | 5098000000.0000 | -566000000.0000 |
| 2020/12/31 0:00:00 | 55158000000.0000 | -- | 19513000000.0000 | -1595000000.0000 |
| 2020/9/30 0:00:00 | 40636000000.0000 | -- | 13843000000.0000 | -1410000000.0000 |
| 2020/6/30 0:00:00 | 27821000000.0000 | -- | 9282000000.0000 | -1139000000.0000 |
| 2020/3/31 0:00:00 | 14687000000.0000 | -- | 4443000000.0000 | -592000000.0000 |
| 2018/12/31 0:00:00 | 51744000000.0000 | -- | 15772000000.0000 | -2446000000.0000 |
| 2019/12/31 0:00:00 | 62850000000.0000 | -- | 18346000000.0000 | -3067000000.0000 |
| 2025/6/30 0:00:00 | 35844000000.0000 | -- | 9663000000.0000 | -2288000000.0000 |
| 2025/9/30 0:00:00 | 54159000000.0000 | -- | 14842000000.0000 | -3230000000.0000 |