财务分析☆ ◇600028 中国石化 更新日期：2026-07-18◇ 通达信沪深京F10
★本栏包括【1.主要财务指标】【2.偿债能力指标】【3.营运能力指标】【4.盈利能力指标】
【5.成长能力指标】【6.指标变动说明】【7.资产负债表摘要】【8.利润表摘要】
【9.现金流量表摘要】【10.环比分析】
【1.主要财务指标】
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│财务指标 │ 2026-03-31│ 2025-12-31│ 2024-12-31│ 2023-12-31│ 2022-12-31│ 2021-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│审计意见 │ 未经审计│ 无保留意见│ 无保留意见│ 无保留意见│ 无保留意见│ 无保留意见│
│归母净利(未调整:万) │ 1700600.00│ 3180900.00│ 5031300.00│ 6046300.00│ 6630200.00│ 7120800.00│
│归母净利(调整后:万) │ ---│ ---│ 5031300.00│ 6046300.00│ 6708200.00│ 7120800.00│
│净利润增长率(%) │ 28.21│ -36.78│ -16.79│ -9.87│ -6.89│ 114.02│
│扣非净利润(万) │ 1708700.00│ 2952900.00│ 4805700.00│ 6069200.00│ 5718200.00│ 7222000.00│
│营业总收(未调整:万) │ 70669500.00│278358300.00│307456200.00│321221500.00│331816800.00│274088400.00│
│营业总收(调整后:万) │ ---│ ---│307456200.00│321221500.00│331816800.00│274088400.00│
│总营收同比增长率(%) │ -3.90│ -9.46│ -4.29│ -3.19│ 21.06│ 30.23│
│加权净资产收益率(%) │ 2.04│ 3.86│ 6.19│ 7.59│ 8.50│ 9.35│
│资产负债比率(%) │ 55.89│ 54.08│ 53.17│ 52.70│ 51.91│ 51.51│
│净利润现金含量(%) │ -32.68│ 510.85│ 296.86│ 267.06│ 175.36│ 316.22│
│基本每股收益(元) │ 0.1410│ 0.2620│ 0.4150│ 0.5050│ 0.5550│ 0.5880│
│每股收益-扣除(元) │ 0.1413│ 0.2440│ 0.3970│ 0.5070│ 0.4730│ 0.5970│
│每股收益-摊薄(元) │ 0.1406│ 0.2630│ 0.4148│ 0.5066│ 0.5530│ 0.5882│
│每股资本公积金(元) │ 1.0328│ 1.0322│ 1.0337│ 0.9826│ 0.9915│ 0.9927│
│每股未分配利润(元) │ 2.9900│ 2.8493│ 2.8368│ 2.8520│ 2.6947│ 2.6319│
│每股净资产(元) │ 6.8896│ 6.8660│ 6.7600│ 6.7520│ 6.5520│ 6.4020│
│每股经营现金流量(元)│ -0.0460│ 1.3410│ 1.2330│ 1.3480│ 0.9620│ 1.8599│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│财务指标 │ 2026-03-31│ 2025-12-31│ 2025-09-30│ 2025-06-30│ 2025-03-31│ 2024-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│审计意见 │ 未经审计│ 无保留意见│ 未经审计│ 未经审计│ 未经审计│ 无保留意见│
│归母净利(未调整:万) │ 1700600.00│ 3180900.00│ 2998400.00│ 2148300.00│ 1326400.00│ 5031300.00│
│归母净利(调整后:万) │ ---│ ---│ ---│ ---│ 1326400.00│ 5031300.00│
│净利润增长率(%) │ 28.21│ -36.78│ -32.24│ -39.83│ -27.58│ -16.79│
│扣非净利润(万) │ 1708700.00│ 2952900.00│ 3055200.00│ 2121500.00│ 1322300.00│ 4805700.00│
│营业总收(未调整:万) │ 70669500.00│278358300.00│211344100.00│140905200.00│ 73535600.00│307456200.00│
│营业总收(调整后:万) │ ---│ ---│ ---│ ---│ 73535600.00│307456200.00│
│总营收同比增长率(%) │ -3.90│ -9.46│ -10.69│ -10.60│ -6.91│ -4.29│
│加权净资产收益率(%) │ 2.04│ 3.86│ 3.63│ 2.61│ 1.60│ 6.19│
│资产负债比率(%) │ 55.89│ 54.08│ 54.69│ 54.10│ 53.35│ 53.17│
│净利润现金含量(%) │ -32.68│ 510.85│ 382.81│ 284.02│ 61.35│ 296.86│
│基本每股收益(元) │ 0.1410│ 0.2620│ 0.2470│ 0.1770│ 0.1090│ 0.4150│
│每股收益-扣除(元) │ 0.1413│ 0.2440│ 0.2521│ 0.1750│ 0.1090│ 0.3970│
│每股收益-摊薄(元) │ 0.1406│ 0.2630│ 0.2474│ 0.1772│ 0.1094│ 0.4148│
│每股资本公积金(元) │ 1.0328│ 1.0322│ 1.0336│ 1.0345│ 1.0344│ 1.0337│
│每股未分配利润(元) │ 2.9900│ 2.8493│ 2.8585│ 2.8748│ 2.9461│ 2.8368│
│每股净资产(元) │ 6.8896│ 6.8660│ 6.8574│ 6.8246│ 6.8833│ 6.7600│
│每股经营现金流量(元)│ -0.0460│ 1.3410│ 0.9472│ 0.5032│ 0.0671│ 1.2330│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【2.偿债能力指标】
┌───────────┬─────┬──────┬──────┬──────┬──────┬──────┐
│偿债能力指标 │2026-03-31│ 2025-12-31│ 2024-12-31│ 2023-12-31│ 2022-12-31│ 2021-12-31│
├───────────┼─────┼──────┼──────┼──────┼──────┼──────┤
│流动比率 │ 0.82│ 0.75│ 0.78│ 0.83│ 0.78│ 0.87│
│速动比率 │ 0.48│ 0.42│ 0.40│ 0.44│ 0.42│ 0.55│
│资产负债比率(%) │ 55.89│ 54.08│ 53.17│ 52.70│ 51.91│ 51.51│
│产权比率 │ 1.51│ 1.40│ 1.35│ 1.33│ 1.29│ 1.26│
│现金流比率(短期债务)% │ -0.01│ 0.23│ 0.22│ 0.25│ 0.17│ 0.35│
└───────────┴─────┴──────┴──────┴──────┴──────┴──────┘
┌───────────┬─────┬──────┬──────┬──────┬──────┬──────┐
│偿债能力指标 │2026-03-31│ 2025-12-31│ 2025-09-30│ 2025-06-30│ 2025-03-31│ 2024-12-31│
├───────────┼─────┼──────┼──────┼──────┼──────┼──────┤
│流动比率 │ 0.82│ 0.75│ 0.79│ 0.81│ 0.85│ 0.78│
│速动比率 │ 0.48│ 0.42│ 0.47│ 0.45│ 0.47│ 0.40│
│资产负债比率(%) │ 55.89│ 54.08│ 54.69│ 54.10│ 53.35│ 53.17│
│产权比率 │ 1.51│ 1.40│ 1.44│ 1.40│ 1.36│ 1.35│
│现金流比率(短期债务)% │ -0.01│ 0.23│ 0.16│ 0.09│ 0.01│ 0.22│
└───────────┴─────┴──────┴──────┴──────┴──────┴──────┘
【3.营运能力指标】
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│营运能力指标 │ 2026-03-31│ 2025-12-31│ 2024-12-31│ 2023-12-31│ 2022-12-31│ 2021-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│应收账款周转率 │ 12.07│ 58.29│ 66.13│ 67.61│ 81.70│ 77.98│
│存货周转率 │ 2.31│ 9.61│ 10.24│ 10.95│ 12.48│ 12.33│
│流动资产周转率 │ 1.24│ 5.32│ 5.81│ 6.07│ 6.14│ 5.41│
│固定资产周转率 │ 0.92│ 3.74│ 4.37│ 4.86│ 5.40│ 4.60│
│总资产周转率 │ 0.32│ 1.31│ 1.50│ 1.62│ 1.73│ 1.51│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│营运能力指标 │ 2026-03-31│ 2025-12-31│ 2025-09-30│ 2025-06-30│ 2025-03-31│ 2024-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│应收账款周转率 │ 12.07│ 58.29│ 37.84│ 25.84│ 13.93│ 66.13│
│存货周转率 │ 2.31│ 9.61│ 7.19│ 4.65│ 2.46│ 10.24│
│流动资产周转率 │ 1.24│ 5.32│ 3.81│ 2.57│ 1.36│ 5.81│
│固定资产周转率 │ 0.92│ 3.74│ 2.89│ 1.97│ 1.03│ 4.37│
│总资产周转率 │ 0.32│ 1.31│ 0.99│ 0.67│ 0.35│ 1.50│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【4.盈利能力指标】
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│盈利能力指标(%) │ 2026-03-31│ 2025-12-31│ 2024-12-31│ 2023-12-31│ 2022-12-31│ 2021-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│净资产收益率 │ 2.04│ 3.83│ 6.14│ 7.50│ 8.44│ 9.19│
│销售毛利率 │ 19.89│ 15.89│ 15.47│ 15.65│ 15.03│ 19.13│
│营业利润率 │ 3.48│ 1.45│ 2.35│ 2.70│ 2.91│ 4.10│
│销售净利率 │ 2.78│ 1.27│ 1.87│ 2.18│ 2.28│ 3.10│
│总资产净利率 │ 0.89│ 1.66│ 2.80│ 3.52│ 3.95│ 4.69│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│盈利能力指标(%) │ 2026-03-31│ 2025-12-31│ 2025-09-30│ 2025-06-30│ 2025-03-31│ 2024-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│净资产收益率 │ 2.04│ 3.83│ 3.61│ 2.60│ 1.59│ 6.14│
│销售毛利率 │ 19.89│ 15.89│ 15.68│ 15.35│ 15.66│ 15.47│
│营业利润率 │ 3.48│ 1.45│ 1.97│ 2.06│ 2.52│ 2.35│
│销售净利率 │ 2.78│ 1.27│ 1.61│ 1.67│ 1.97│ 1.87│
│总资产净利率 │ 0.89│ 1.66│ 1.60│ 1.11│ 0.69│ 2.80│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【5.成长能力指标】
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│成长能力指标(%) │ 2026-03-31│ 2025-12-31│ 2024-12-31│ 2023-12-31│ 2022-12-31│ 2021-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│营业收入增长率 │ -3.90│ -9.46│ -4.29│ -3.19│ 21.06│ 30.23│
│营业利润增长率 │ 32.55│ -43.99│ -16.70│ -10.03│ -14.23│ 121.27│
│净利润增长率 │ 28.21│ -36.78│ -16.79│ -9.87│ -6.89│ 114.02│
│净资产增长率 │ 0.34│ 1.27│ 1.75│ 2.20│ 1.35│ 3.72│
│总资产增长率 │ 4.65│ 3.40│ 2.87│ 3.87│ 3.14│ 8.65│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│成长能力指标(%) │ 2026-03-31│ 2025-12-31│ 2025-09-30│ 2025-06-30│ 2025-03-31│ 2024-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│营业收入增长率 │ -3.90│ -9.46│ -10.69│ -10.60│ -6.91│ -4.29│
│营业利润增长率 │ 32.55│ -43.99│ -35.11│ -43.51│ -32.14│ -16.70│
│净利润增长率 │ 28.21│ -36.78│ -32.24│ -39.83│ -27.58│ -16.79│
│净资产增长率 │ 0.34│ 1.27│ 1.35│ 0.92│ 1.82│ 1.75│
│总资产增长率 │ 4.65│ 3.40│ 4.64│ 2.89│ 1.84│ 2.87│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【6.指标变动说明】
截止日期:2026-03-31
┌──────┬────────┬──────┬────────┬──────┐
│变动科目 │变动原因 │本期数值(万)│ 上期/期初数(万)│ 变动幅度(%)│
├──────┼────────┼──────┼────────┼──────┤
│利润总额 │原油价格上行带来│ 2420600.00│ 1825200.00│ 32.62│
│ │库存增利，以及炼│ │ │ │
│ │油副产品价差好转│ │ │ │
│ │等因素影响 │ │ │ │
│经营活动（使│国际原油价格上涨│ -555800.00│ 813800.00│ -168.30│
│用）/产生的 │，公司套期保值业│ │ │ │
│现金流量净额│务保证金支出增加│ │ │ │
│ │，以及库存等占用│ │ │ │
│ │上升影响 │ │ │ │
└──────┴────────┴──────┴────────┴──────┘
截止日期:2025-12-31
┌──────┬────────┬──────┬────────┬──────┐
│变动科目 │变动原因 │本期数值(万)│ 上期/期初数(万)│ 变动幅度(%)│
├──────┼────────┼──────┼────────┼──────┤
│总资产 │--- │215348500.00│ 208144000.00│ 3.46│
│流动资产 │油价下跌以及原油│ 52274100.00│ 52451500.00│ -0.34│
│ │库存规模下降，存│ │ │ │
│ │货减少人民币258 │ │ │ │
│ │亿元；原油贸易等│ │ │ │
│ │境外业务经营量增│ │ │ │
│ │加，应收账款增加│ │ │ │
│ │人民币68亿元；衍│ │ │ │
│ │生品业务保证金增│ │ │ │
│ │加，其他应收款增│ │ │ │
│ │加人民币59亿元；│ │ │ │
│ │现金及现金等价物│ │ │ │
│ │与金融机构定期存│ │ │ │
│ │款增加人民币53亿│ │ │ │
│ │元；降低资金支出│ │ │ │
│ │，票据结算规模增│ │ │ │
│ │加，应收款项融资│ │ │ │
│ │增加人民币27亿元│ │ │ │
│非流动资产 │公司持续推进上游│163074400.00│ 155692500.00│ 4.74│
│ │业务增储上产、中│ │ │ │
│ │下游业务转型升级│ │ │ │
│ │，天然气产能建设│ │ │ │
│ │、炼化基地建设、│ │ │ │
│ │“油转化、油转特│ │ │ │
│ │”和化工新材料等│ │ │ │
│ │方面投资力度加大│ │ │ │
│ │，物业厂房设备增│ │ │ │
│ │加人民币531亿元 │ │ │ │
│ │、土地等使用权资│ │ │ │
│ │产增加人民币92亿│ │ │ │
│ │元；战略投资宁德│ │ │ │
│ │时代股权，增加人│ │ │ │
│ │民币67亿元；受汇│ │ │ │
│ │率变动影响，下属│ │ │ │
│ │合营联营企业股权│ │ │ │
│ │投资增加人民币65│ │ │ │
│ │亿元 │ │ │ │
│总负债 │--- │116660900.00│ 110929300.00│ 5.17│
│流动负债 │部分一年内到期的│ 69855300.00│ 67323700.00│ 3.76│
│ │长期借款等重分类│ │ │ │
│ │至短期借款 │ │ │ │
│非流动负债 │公司发行中期票据│ 46805600.00│ 43605600.00│ 7.34│
│ │、科技创新债券，│ │ │ │
│ │低成本债券融资有│ │ │ │
│ │所增加 │ │ │ │
│本公司股东应│--- │ 82746300.00│ 81581500.00│ 1.43│
│占权益 │ │ │ │ │
│股本 │--- │ 12092600.00│ 12128200.00│ -0.29│
│储备 │--- │ 70653700.00│ 69453300.00│ 1.73│
│非控股股东权│--- │ 15941300.00│ 15633200.00│ 1.97│
│益 │ │ │ │ │
│权益合计 │--- │ 98687600.00│ 97214700.00│ 1.52│
│应收款项融资│票据结算规模增加│ 534000.00│ 261300.00│ 104.36│
│应付票据 │票据结算规模增加│ 6645700.00│ 4774000.00│ 39.21│
│其他权益工具│战略投资宁德时代│ 715600.00│ 41600.00│ 1620.19│
│投资 │股权 │ │ │ │
│短期借款 │归还到期短期借款│ 2945500.00│ 4823100.00│ -38.93│
│衍生金融资产│套期保值业务公允│ 136200.00│ 255400.00│ -46.67│
│ │价值变动 │ │ │ │
│衍生金融负债│套期保值业务公允│ 567600.00│ 341200.00│ 66.35│
│ │价值变动 │ │ │ │
│一年内到期的│部分长期借款重分│ 11055700.00│ 6460200.00│ 71.14│
│非流动负债 │类为一年内到期的│ │ │ │
│ │非流动负债 │ │ │ │
│应付债券 │本期发行中期票据│ 5229600.00│ 2556200.00│ 104.58│
│ │、科技创新债券等│ │ │ │
│ │债券融资 │ │ │ │
│其他非流动负│汇率变动导致长期│ 1713400.00│ 1284900.00│ 33.35│
│债 │应付款增加等 │ │ │ │
│其他综合收益│宁德时代股权公允│ 672600.00│ -98700.00│ 781.46│
│ │价值以及外币报表│ │ │ │
│ │折算差额等变动 │ │ │ │
│财务费用 │付息债务规模以及│ 1465400.00│ 1117400.00│ 31.14│
│ │部分外币贷款汇兑│ │ │ │
│ │净损失增加 │ │ │ │
│其他收益 │上年同期湖南石化│ 827700.00│ 1225300.00│ -32.45│
│ │收到搬迁补偿，本│ │ │ │
│ │期无此事项，以及│ │ │ │
│ │进口LNG增值税返 │ │ │ │
│ │还随LNG价格下降 │ │ │ │
│ │同比减少 │ │ │ │
│投资收益 │套保业务盈亏变动│ 1067100.00│ 1588900.00│ -32.84│
│ │以及部分化工合资│ │ │ │
│ │企业盈利下降等 │ │ │ │
│公允价值变动│套保业务浮盈增加│ 6300.00│ -414700.00│ 101.52│
│损益 │ │ │ │ │
│信用减值转回│本期应收款项坏账│ 25800.00│ -10800.00│ 338.89│
│/（损失） │转回增加 │ │ │ │
│资产减值损失│本期炼化装置、长│ -1295300.00│ -670200.00│ -93.27│
│ │期股权投资等减值│ │ │ │
│ │增加 │ │ │ │
│资产处置收益│本期加油站等资产│ 104000.00│ 196700.00│ -47.13│
│ │处置收益同比减少│ │ │ │
│营业外收入 │合资公司项目参与│ 669700.00│ 222600.00│ 200.85│
│ │收益增加 │ │ │ │
│收回投资收到│收回联合营企业投│ 9100.00│ 47500.00│ -80.84│
│的现金 │资减少 │ │ │ │
│处置固定资产│上年同期收到湖南│ 124100.00│ 186400.00│ -33.42│
│、无形资产和│石化资产处置收益│ │ │ │
│其他长期资产│款，本期无此事项│ │ │ │
│收回的现金净│ │ │ │ │
│额 │ │ │ │ │
│吸收投资收到│上年同期收到定向│ 770200.00│ 1545800.00│ -50.17│
│的现金 │增发股票募集资金│ │ │ │
│ │，本期无此事项 │ │ │ │
│取得借款收到│本期新增借款减少│ 41759400.00│ 67245000.00│ -37.90│
│的现金 │ │ │ │ │
│收到其他与筹│上年同期开展融资│ 11200.00│ 129000.00│ -91.32│
│资活动有关的│租赁业务，本期无│ │ │ │
│现金 │此事项 │ │ │ │
│偿还债务支付│本期偿还到期借款│ 38625200.00│ 62805200.00│ -38.50│
│的现金 │减少 │ │ │ │
│经营活动所得│--- │ 16249600.00│ 14936000.00│ 8.79│
│的现金流量净│ │ │ │ │
│额 │ │ │ │ │
│投资活动所用│--- │-14647200.00│ -16124000.00│ 9.16│
│的现金流量净│ │ │ │ │
│额 │ │ │ │ │
│融资活动所用│--- │ -2607400.00│ -1923700.00│ -35.54│
│的现金流量净│ │ │ │ │
│额 │ │ │ │ │
└──────┴────────┴──────┴────────┴──────┘
【7.资产负债表摘要】
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│资产负债指标(万元) │ 2026-03-31│ 2025-12-31│ 2024-12-31│ 2023-12-31│ 2022-12-31│ 2021-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│货币资金 │ 15612300.00│ 15231800.00│ 14679900.00│ 16496000.00│ 14505200.00│ 22198900.00│
│存货 │ 25858600.00│ 23081100.00│ 25659500.00│ 25089800.00│ 24424100.00│ 20743300.00│
│应收票据及应收账款 │ 6588400.00│ 5117200.00│ 4433300.00│ 4865200.00│ 4636400.00│ 3486100.00│
│合同资产 │ ---│ ---│ ---│ ---│ ---│ ---│
│预付款项 │ 620600.00│ 505700.00│ 642900.00│ 506700.00│ 795600.00│ 926700.00│
│其他应收款 │ 6699500.00│ 3801100.00│ 3212300.00│ 2608900.00│ 2700900.00│ 3566400.00│
│流动资产合计 │ 62044700.00│ 52274100.00│ 52451500.00│ 53443500.00│ 52314000.00│ 55802400.00│
│可出售金融资产 │ ---│ ---│ ---│ ---│ ---│ ---│
│长期股权投资 │ 25356600.00│ 25211400.00│ 24681900.00│ 23460800.00│ 23394100.00│ 20917900.00│
│固定资产净额 │ 76236900.00│ 77026400.00│ 71710500.00│ 69095700.00│ 63075800.00│ 59893200.00│
│在建工程 │ 20261300.00│ 19519600.00│ 20874700.00│ 18025000.00│ 19604500.00│ 15593900.00│
│无形资产 │ 14700000.00│ 14826000.00│ 13798300.00│ 13818100.00│ 12069400.00│ 11921000.00│
│商誉 │ 547200.00│ 547600.00│ 649300.00│ 647200.00│ 646400.00│ 859400.00│
│非流动资产合计 │163546600.00│163287600.00│156025600.00│149223900.00│142550000.00│133123100.00│
│资产总计 │225591300.00│215561700.00│208477100.00│202667400.00│194864000.00│188925500.00│
│应付票据及应付账款 │ 26267900.00│ 26345900.00│ 25659700.00│ 25900000.00│ 26942400.00│ 21564000.00│
│预收款项 │ ---│ ---│ ---│ ---│ ---│ ---│
│合同负债 │ 12855300.00│ 12639500.00│ 12769700.00│ 12723900.00│ 12544400.00│ 12462200.00│
│流动负债 │ 76091500.00│ 69855300.00│ 67323700.00│ 64707600.00│ 66738500.00│ 64128000.00│
│长期借款 │ 18755000.00│ 18296800.00│ 18493400.00│ 17934700.00│ 9496400.00│ 4934100.00│
│长期应付款 │ ---│ ---│ ---│ ---│ ---│ ---│
│非流动负债 │ 49998400.00│ 46729200.00│ 43524100.00│ 42094300.00│ 34410200.00│ 33193400.00│
│负债合计 │126089900.00│116584500.00│110847800.00│106801900.00│101148700.00│ 97321400.00│
│实收资本 │ 12092600.00│ 12092600.00│ 12128200.00│ 11934900.00│ 11989600.00│ 12107100.00│
│资本公积金 │ 12489100.00│ 12481800.00│ 12536800.00│ 11727300.00│ 11887500.00│ 12018800.00│
│盈余公积 │ 23122600.00│ 23122600.00│ 22766300.00│ 22313400.00│ 21783400.00│ 21322400.00│
│未分配利润 │ 36156700.00│ 34455500.00│ 34404800.00│ 34038100.00│ 32308700.00│ 31864500.00│
│少数股东权益 │ 16187700.00│ 15944800.00│ 15637100.00│ 15286100.00│ 15157600.00│ 14093900.00│
│归属母公司权益 │ 83313700.00│ 83032400.00│ 81992200.00│ 80579400.00│ 78557700.00│ 77510200.00│
│股东权益合计 │ 99501400.00│ 98977200.00│ 97629300.00│ 95865500.00│ 93715300.00│ 91604100.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│资产负债指标(万元) │ 2026-03-31│ 2025-12-31│ 2025-09-30│ 2025-06-30│ 2025-03-31│ 2024-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│货币资金 │ 15612300.00│ 15231800.00│ 17702500.00│ 16350200.00│ 16058200.00│ 14679900.00│
│存货 │ 25858600.00│ 23081100.00│ 23918800.00│ 25669000.00│ 24784700.00│ 25659500.00│
│应收票据及应收账款 │ 6588400.00│ 5117200.00│ 6736900.00│ 6471900.00│ 6121300.00│ 4433300.00│
│合同资产 │ ---│ ---│ ---│ ---│ ---│ ---│
│预付款项 │ 620600.00│ 505700.00│ 967000.00│ 732900.00│ 897300.00│ 642900.00│
│其他应收款 │ 6699500.00│ 3801100.00│ 3568400.00│ 3812300.00│ 3345200.00│ 3212300.00│
│流动资产合计 │ 62044700.00│ 52274100.00│ 58359300.00│ 57291000.00│ 55635700.00│ 52451500.00│
│可出售金融资产 │ ---│ ---│ ---│ ---│ ---│ ---│
│长期股权投资 │ 25356600.00│ 25211400.00│ 25174000.00│ 25554000.00│ 25288100.00│ 24681900.00│
│固定资产净额 │ 76236900.00│ 77026400.00│ 74725800.00│ 71687200.00│ 70822000.00│ 71710500.00│
│在建工程 │ 20261300.00│ 19519600.00│ 18633600.00│ 19436900.00│ 20667600.00│ 20874700.00│
│无形资产 │ 14700000.00│ 14826000.00│ 14281700.00│ 13728800.00│ 13685800.00│ 13798300.00│
│商誉 │ 547200.00│ 547600.00│ 647900.00│ 647800.00│ 649000.00│ 649300.00│
│非流动资产合计 │163546600.00│163287600.00│159796400.00│157202900.00│156669200.00│156025600.00│
│资产总计 │225591300.00│215561700.00│218155700.00│214493900.00│212304900.00│208477100.00│
│应付票据及应付账款 │ 26267900.00│ 26345900.00│ 25428700.00│ 27117300.00│ 24093900.00│ 25659700.00│
│预收款项 │ ---│ ---│ ---│ ---│ ---│ ---│
│合同负债 │ 12855300.00│ 12639500.00│ 13438500.00│ 12186200.00│ 12492300.00│ 12769700.00│
│流动负债 │ 76091500.00│ 69855300.00│ 73928400.00│ 70375100.00│ 65346500.00│ 67323700.00│
│长期借款 │ 18755000.00│ 18296800.00│ 16726100.00│ 16515700.00│ 19057000.00│ 18493400.00│
│长期应付款 │ ---│ ---│ ---│ ---│ ---│ ---│
│非流动负债 │ 49998400.00│ 46729200.00│ 45391200.00│ 45675600.00│ 47909100.00│ 43524100.00│
│负债合计 │126089900.00│116584500.00│119319600.00│116050700.00│113255600.00│110847800.00│
│实收资本 │ 12092600.00│ 12092600.00│ 12117800.00│ 12124500.00│ 12128200.00│ 12128200.00│
│资本公积金 │ 12489100.00│ 12481800.00│ 12525100.00│ 12542500.00│ 12545500.00│ 12536800.00│
│盈余公积 │ 23122600.00│ 23122600.00│ 22766300.00│ 22766300.00│ 22766300.00│ 22766300.00│
│未分配利润 │ 36156700.00│ 34455500.00│ 34638800.00│ 34855500.00│ 35731000.00│ 34404800.00│
│少数股东权益 │ 16187700.00│ 15944800.00│ 15739400.00│ 15698300.00│ 15567800.00│ 15637100.00│
│归属母公司权益 │ 83313700.00│ 83032400.00│ 83096700.00│ 82744900.00│ 83481500.00│ 81992200.00│
│股东权益合计 │ 99501400.00│ 98977200.00│ 98836100.00│ 98443200.00│ 99049300.00│ 97629300.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【8.利润表摘要】
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│利润表指标(万元) │ 2026-03-31│ 2025-12-31│ 2024-12-31│ 2023-12-31│ 2022-12-31│ 2021-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│营业总收入 │ 70669500.00│278358300.00│307456200.00│321221500.00│331816800.00│274088400.00│
│营业总成本 │ 67491700.00│275046900.00│302145700.00│313835100.00│323246700.00│262888200.00│
│营业税金及附加 │ 7139200.00│ 25243500.00│ 26731500.00│ 27292100.00│ 26399100.00│ 25903200.00│
│销售费用 │ 1444700.00│ 5934700.00│ 6142200.00│ 6116400.00│ 5856700.00│ 5789100.00│
│财务费用 │ 331700.00│ 1465400.00│ 1117400.00│ 992200.00│ 997400.00│ 901000.00│
│管理费用 │ 1343400.00│ 5543400.00│ 5802100.00│ 5966400.00│ 5720800.00│ 6253500.00│
│资产减值损失 │ -19000.00│ -1295300.00│ -670200.00│ -877200.00│ -1200900.00│ -1316500.00│
│公允价值变动净收益 │ -899700.00│ 6300.00│ -414700.00│ 46700.00│ -171500.00│ 334100.00│
│投资收益 │ 88000.00│ 1067100.00│ 1588900.00│ 581100.00│ 1446200.00│ 603200.00│
│营业利润 │ 2457800.00│ 4047000.00│ 7225700.00│ 8674400.00│ 9641400.00│ 11241400.00│
│营业外收入 │ 20600.00│ 669700.00│ 222600.00│ 197000.00│ 296000.00│ 351600.00│
│营业外支出 │ 57800.00│ 398300.00│ 397000.00│ 259800.00│ 485900.00│ 758200.00│
│利润总额 │ 2420600.00│ 4318400.00│ 7051300.00│ 8611600.00│ 9451500.00│ 10834800.00│
│所得税 │ 459200.00│ 793400.00│ 1296600.00│ 1607000.00│ 1875700.00│ 2331800.00│
│净利润 │ 1961400.00│ 3525000.00│ 5754700.00│ 7004600.00│ 7575800.00│ 8503000.00│
│归属母公司净利润 │ 1700600.00│ 3180900.00│ 5031300.00│ 6046300.00│ 6630200.00│ 7120800.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│利润表指标(万元) │ 2026-03-31│ 2025-12-31│ 2025-09-30│ 2025-06-30│ 2025-03-31│ 2024-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│营业总收入 │ 70669500.00│278358300.00│211344100.00│140905200.00│ 73535600.00│307456200.00│
│营业总成本 │ 67491700.00│275046900.00│208473600.00│139115400.00│ 72244900.00│302145700.00│
│营业税金及附加 │ 7139200.00│ 25243500.00│ 18895500.00│ 12335100.00│ 6536600.00│ 26731500.00│
│销售费用 │ 1444700.00│ 5934700.00│ 4363500.00│ 2833500.00│ 1405300.00│ 6142200.00│
│财务费用 │ 331700.00│ 1465400.00│ 1125000.00│ 842600.00│ 457900.00│ 1117400.00│
│管理费用 │ 1343400.00│ 5543400.00│ 4041400.00│ 2645700.00│ 1307000.00│ 5802100.00│
│资产减值损失 │ -19000.00│ -1295300.00│ -221700.00│ -228900.00│ -21000.00│ -670200.00│
│公允价值变动净收益 │ -899700.00│ 6300.00│ 202400.00│ 178500.00│ 246300.00│ -414700.00│
│投资收益 │ 88000.00│ 1067100.00│ 734200.00│ 771700.00│ 164700.00│ 1588900.00│
│营业利润 │ 2457800.00│ 4047000.00│ 4166200.00│ 2909400.00│ 1854300.00│ 7225700.00│
│营业外收入 │ 20600.00│ 669700.00│ 107100.00│ 72200.00│ 20500.00│ 222600.00│
│营业外支出 │ 57800.00│ 398300.00│ 168900.00│ 104900.00│ 49600.00│ 397000.00│
│利润总额 │ 2420600.00│ 4318400.00│ 4104400.00│ 2876700.00│ 1825200.00│ 7051300.00│
│所得税 │ 459200.00│ 793400.00│ 701100.00│ 520700.00│ 374600.00│ 1296600.00│
│净利润 │ 1961400.00│ 3525000.00│ 3403300.00│ 2356000.00│ 1450600.00│ 5754700.00│
│归属母公司净利润 │ 1700600.00│ 3180900.00│ 2998400.00│ 2148300.00│ 1326400.00│ 5031300.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【9.现金流量表摘要】
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│现金流量指标(万元) │ 2026-03-31│ 2025-12-31│ 2024-12-31│ 2023-12-31│ 2022-12-31│ 2021-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│经营活动现金流入 │ 83533900.00│344270900.00│363908100.00│375434600.00│383204300.00│314360800.00│
│经营活动现金流出 │ 84089700.00│328021300.00│348972100.00│359287100.00│371577400.00│291843400.00│
│经营活动现金流量净额│ -555800.00│ 16249600.00│ 14936000.00│ 16147500.00│ 11626900.00│ 22517400.00│
│投资活动现金流入 │ 3025300.00│ 8967500.00│ 10464500.00│ 11374600.00│ 12935900.00│ 6483700.00│
│投资活动现金流出 │ 4763300.00│ 23614700.00│ 26588500.00│ 26961100.00│ 22436900.00│ 21003500.00│
│投资活动现金流量净额│ -1738000.00│-14647200.00│-16124000.00│-15586500.00│ -9501000.00│-14519800.00│
│筹资活动现金流入 │ 16858000.00│ 42540800.00│ 68919800.00│ 70133900.00│ 56935200.00│ 35759300.00│
│筹资活动现金流出 │ 13184100.00│ 45148200.00│ 70843500.00│ 67860700.00│ 60905100.00│ 41553500.00│
│筹资活动现金流量净额│ 3673900.00│ -2607400.00│ -1923700.00│ 2273200.00│ -3969900.00│ -5794200.00│
│汇率变动对现金的影响│ -42100.00│ -19200.00│ 65300.00│ -2100.00│ 328800.00│ -100300.00│
│现金及等价物净增加额│ 1338000.00│ -1024200.00│ -3046400.00│ 2832100.00│ -1515200.00│ 2103100.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│现金流量指标(万元) │ 2026-03-31│ 2025-12-31│ 2025-09-30│ 2025-06-30│ 2025-03-31│ 2024-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│经营活动现金流入 │ 83533900.00│344270900.00│253357500.00│167375100.00│ 81930900.00│363908100.00│
│经营活动现金流出 │ 84089700.00│328021300.00│241879300.00│161273500.00│ 81117100.00│348972100.00│
│经营活动现金流量净额│ -555800.00│ 16249600.00│ 11478200.00│ 6101600.00│ 813800.00│ 14936000.00│
│投资活动现金流入 │ 3025300.00│ 8967500.00│ 6593000.00│ 4303900.00│ 1804300.00│ 10464500.00│
│投资活动现金流出 │ 4763300.00│ 23614700.00│ 16100100.00│ 10300700.00│ 5048900.00│ 26588500.00│
│投资活动现金流量净额│ -1738000.00│-14647200.00│ -9507100.00│ -5996800.00│ -3244600.00│-16124000.00│
│筹资活动现金流入 │ 16858000.00│ 42540800.00│ 33831300.00│ 25579000.00│ 15338800.00│ 68919800.00│
│筹资活动现金流出 │ 13184100.00│ 45148200.00│ 33528300.00│ 24069500.00│ 11726700.00│ 70843500.00│
│筹资活动现金流量净额│ 3673900.00│ -2607400.00│ 303000.00│ 1509500.00│ 3612100.00│ -1923700.00│
│汇率变动对现金的影响│ -42100.00│ -19200.00│ 10500.00│ 27600.00│ 23300.00│ 65300.00│
│现金及等价物净增加额│ 1338000.00│ -1024200.00│ 2284600.00│ 1641900.00│ 1204600.00│ -3046400.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【10.环比分析】
┌──────┬───────┬───────┬───────┬───────┐
│2025年度 │主营收入(万元)│ 占年度比重(%)│ 净利润(万元)│ 占年度比重(%)│
├──────┼───────┼───────┼───────┼───────┤
│一季报 │ 73535600.00│ 26.42│ 1326400.00│ 41.70│
│二季报 │ 67369600.00│ 24.20│ 821900.00│ 25.84│
│三季报 │ 70438900.00│ 25.31│ 850100.00│ 26.73│
│四季报 │ 67014200.00│ 24.07│ 182500.00│ 5.74│
└──────┴───────┴───────┴───────┴───────┘
┌──────┬───────┬───────┬───────┬───────┐
│2024年度 │主营收入(万元)│ 占年度比重(%)│ 净利润(万元)│ 占年度比重(%)│
├──────┼───────┼───────┼───────┼───────┤
│一季报 │ 78996700.00│ 25.69│ 1831600.00│ 36.40│
│二季报 │ 78616400.00│ 25.57│ 1738700.00│ 34.56│
│三季报 │ 79041000.00│ 25.71│ 854400.00│ 16.98│
│四季报 │ 70802100.00│ 23.03│ 606600.00│ 12.06│
└──────┴───────┴───────┴───────┴───────┘
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