财务分析☆ ◇600803 新奥股份 更新日期：2026-09-19◇ 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 │ 2026-06-30│ 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) │ 208774.00│ 468132.00│ 449318.00│ 709111.00│ 584391.00│ 410165.00│
│归母净利(调整后:万) │ ---│ ---│ 449318.00│ 709111.00│ 584391.00│ 463178.00│
│净利润增长率(%) │ -13.29│ 4.19│ -36.64│ 21.34│ 26.17│ 94.67│
│扣非净利润(万) │ 174154.00│ 440655.00│ 371071.00│ 245925.00│ 467089.00│ 353118.00│
│营业总收(未调整:万) │ 6401102.00│ 13150669.00│ 13591010.00│ 14384188.00│ 15416881.00│ 11603099.00│
│营业总收(调整后:万) │ ---│ ---│ 13591010.00│ 14384188.00│ 15416881.00│ 11589999.00│
│总营收同比增长率(%) │ -3.04│ -3.24│ -5.51│ -6.70│ 33.02│ 31.71│
│加权净资产收益率(%) │ 8.18│ 19.35│ 19.06│ 34.39│ 33.43│ 41.11│
│资产负债比率(%) │ 54.23│ 53.21│ 54.30│ 56.50│ 62.14│ 63.91│
│净利润现金含量(%) │ 214.49│ 304.75│ 315.19│ 194.04│ 256.78│ 329.39│
│基本每股收益(元) │ 0.6700│ 1.5200│ 1.4600│ 2.3000│ 1.9000│ 1.5100│
│每股收益-扣除(元) │ 0.5700│ 1.4400│ 1.2100│ 0.8000│ 1.6000│ 1.2600│
│每股收益-摊薄(元) │ 0.6744│ 1.5115│ 1.4508│ 2.2886│ 1.8859│ 1.4413│
│每股资本公积金(元) │ 0.0756│ 0.0577│ 0.0393│ 0.0489│ 0.0626│ 1.0033│
│每股未分配利润(元) │ 6.2851│ 6.5629│ 6.4233│ 5.9621│ 4.3397│ 3.0013│
│每股净资产(元) │ 7.5743│ 7.9581│ 7.5772│ 7.6345│ 5.6728│ 5.2122│
│每股经营现金流量(元)│ 1.4465│ 4.6064│ 4.5727│ 4.4408│ 4.8427│ 4.7474│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│财务指标 │ 2026-06-30│ 2026-03-31│ 2025-12-31│ 2025-09-30│ 2025-06-30│ 2025-03-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│审计意见 │ 未经审计│ 未经审计│ 无保留意见│ 未经审计│ 未经审计│ 未经审计│
│归母净利(未调整:万) │ 208774.00│ 65498.00│ 468132.00│ 342580.00│ 240764.00│ 97643.00│
│归母净利(调整后:万) │ ---│ ---│ ---│ ---│ 240764.00│ 97643.00│
│净利润增长率(%) │ -13.29│ -32.92│ 4.19│ -1.87│ -4.82│ -9.64│
│扣非净利润(万) │ 174154.00│ 67880.00│ 440655.00│ 328028.00│ 241409.00│ 98927.00│
│营业总收(未调整:万) │ 6401102.00│ 3115958.00│ 13150669.00│ 9589262.00│ 6601493.00│ 3373959.00│
│营业总收(调整后:万) │ ---│ ---│ ---│ ---│ 6601493.00│ 3373959.00│
│总营收同比增长率(%) │ -3.04│ -7.65│ -3.24│ -2.92│ -1.49│ -1.44│
│加权净资产收益率(%) │ 8.18│ 2.68│ 19.35│ 14.04│ 9.68│ 4.05│
│资产负债比率(%) │ 54.23│ 54.05│ 53.21│ 54.84│ 54.00│ 53.92│
│净利润现金含量(%) │ 214.49│ 1.44│ 304.75│ 191.24│ 231.49│ 59.04│
│基本每股收益(元) │ 0.6700│ 0.2100│ 1.5200│ 1.1100│ 0.7800│ 0.3200│
│每股收益-扣除(元) │ 0.5700│ 0.2193│ 1.4400│ 1.0591│ 0.7900│ 0.3194│
│每股收益-摊薄(元) │ 0.6744│ 0.2116│ 1.5115│ 1.1061│ 0.7774│ 0.3153│
│每股资本公积金(元) │ 0.0756│ 0.0683│ 0.0577│ 0.0486│ 0.0511│ 0.0402│
│每股未分配利润(元) │ 6.2851│ 6.7826│ 6.5629│ 6.3218│ 6.1727│ 6.7386│
│每股净资产(元) │ 7.5743│ 7.8160│ 7.9581│ 7.6626│ 7.4672│ 7.9767│
│每股经营现金流量(元)│ 1.4465│ 0.0031│ 4.6064│ 2.1154│ 1.7996│ 0.1861│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【2.偿债能力指标】
┌───────────┬─────┬──────┬──────┬──────┬──────┬──────┐
│偿债能力指标 │2026-06-30│ 2025-12-31│ 2024-12-31│ 2023-12-31│ 2022-12-31│ 2021-12-31│
├───────────┼─────┼──────┼──────┼──────┼──────┼──────┤
│流动比率 │ 0.66│ 0.75│ 0.85│ 0.95│ 0.80│ 0.72│
│速动比率 │ 0.64│ 0.71│ 0.79│ 0.90│ 0.75│ 0.66│
│资产负债比率(%) │ 54.23│ 53.21│ 54.30│ 56.50│ 62.14│ 63.91│
│产权比率 │ 3.17│ 2.92│ 3.07│ 3.21│ 4.81│ 5.51│
│现金流比率(短期债务)% │ 0.07│ 0.28│ 0.33│ 0.30│ 0.31│ 0.24│
└───────────┴─────┴──────┴──────┴──────┴──────┴──────┘
┌───────────┬─────┬──────┬──────┬──────┬──────┬──────┐
│偿债能力指标 │2026-06-30│ 2026-03-31│ 2025-12-31│ 2025-09-30│ 2025-06-30│ 2025-03-31│
├───────────┼─────┼──────┼──────┼──────┼──────┼──────┤
│流动比率 │ 0.66│ 0.75│ 0.75│ 0.76│ 0.74│ 0.89│
│速动比率 │ 0.64│ 0.72│ 0.71│ 0.71│ 0.71│ 0.85│
│资产负债比率(%) │ 54.23│ 54.05│ 53.21│ 54.84│ 54.00│ 53.92│
│产权比率 │ 3.17│ 3.11│ 2.92│ 3.16│ 3.07│ 2.96│
│现金流比率(短期债务)% │ 0.07│ 0.00│ 0.28│ 0.12│ 0.11│ 0.01│
└───────────┴─────┴──────┴──────┴──────┴──────┴──────┘
【3.营运能力指标】
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│营运能力指标 │ 2026-06-30│ 2025-12-31│ 2024-12-31│ 2023-12-31│ 2022-12-31│ 2021-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│应收账款周转率 │ 13.02│ 23.46│ 20.94│ 22.14│ 23.86│ 22.07│
│存货周转率 │ 28.05│ 47.34│ 52.06│ 53.98│ 46.79│ 37.58│
│流动资产周转率 │ 1.63│ 3.48│ 3.39│ 3.49│ 3.92│ 3.28│
│固定资产周转率 │ 1.01│ 2.06│ 2.17│ 2.26│ 2.40│ 2.21│
│总资产周转率 │ 0.47│ 0.98│ 1.02│ 1.06│ 1.14│ 0.98│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│营运能力指标 │ 2026-06-30│ 2026-03-31│ 2025-12-31│ 2025-09-30│ 2025-06-30│ 2025-03-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│应收账款周转率 │ 13.02│ 6.12│ 23.46│ 16.51│ 11.17│ 5.41│
│存货周转率 │ 28.05│ 13.09│ 47.34│ 32.31│ 29.43│ 14.79│
│流动资产周转率 │ 1.63│ 0.77│ 3.48│ 2.48│ 1.82│ 0.89│
│固定资产周转率 │ 1.01│ 0.49│ 2.06│ 1.51│ 1.05│ 0.52│
│总资产周转率 │ 0.47│ 0.23│ 0.98│ 0.71│ 0.50│ 0.25│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【4.盈利能力指标】
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│盈利能力指标(%) │ 2026-06-30│ 2025-12-31│ 2024-12-31│ 2023-12-31│ 2022-12-31│ 2021-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│净资产收益率 │ 8.90│ 18.99│ 19.15│ 29.98│ 33.25│ 27.65│
│销售毛利率 │ 13.78│ 13.92│ 13.93│ 13.95│ 15.15│ 16.74│
│营业利润率 │ 9.27│ 8.99│ 9.21│ 10.99│ 9.55│ 11.67│
│销售净利率 │ 7.20│ 7.60│ 7.32│ 8.72│ 7.19│ 9.08│
│总资产净利率 │ 3.39│ 7.46│ 7.45│ 9.26│ 8.19│ 8.87│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│盈利能力指标(%) │ 2026-06-30│ 2026-03-31│ 2025-12-31│ 2025-09-30│ 2025-06-30│ 2025-03-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│净资产收益率 │ 8.90│ 2.71│ 18.99│ 14.44│ 10.41│ 3.95│
│销售毛利率 │ 13.78│ 12.34│ 13.92│ 14.01│ 14.47│ 11.83│
│营业利润率 │ 9.27│ 7.51│ 8.99│ 9.15│ 9.06│ 7.06│
│销售净利率 │ 7.20│ 5.63│ 7.60│ 7.36│ 7.12│ 5.39│
│总资产净利率 │ 3.39│ 1.28│ 7.46│ 5.24│ 3.56│ 1.36│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【5.成长能力指标】
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│成长能力指标(%) │ 2026-06-30│ 2025-12-31│ 2024-12-31│ 2023-12-31│ 2022-12-31│ 2021-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│营业收入增长率 │ -3.04│ -3.24│ -5.51│ -6.70│ 33.02│ 31.71│
│营业利润增长率 │ -0.76│ -5.50│ -20.82│ 7.40│ 3.32│ 27.82│
│净利润增长率 │ -13.29│ 4.19│ -36.64│ 21.34│ 26.17│ 94.67│
│净资产增长率 │ -4.86│ 5.03│ -0.79│ 34.57│ 5.15│ 82.40│
│总资产增长率 │ 1.18│ 2.11│ -1.55│ -1.19│ 1.40│ 16.81│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│成长能力指标(%) │ 2026-06-30│ 2026-03-31│ 2025-12-31│ 2025-09-30│ 2025-06-30│ 2025-03-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│营业收入增长率 │ -3.04│ -7.65│ -3.24│ -2.92│ -1.49│ -1.44│
│营业利润增长率 │ -0.76│ -1.75│ -5.50│ -0.21│ -5.96│ -13.37│
│净利润增长率 │ -13.29│ -32.92│ 4.19│ -1.87│ -4.82│ -9.64│
│净资产增长率 │ -4.86│ -1.83│ 5.03│ 1.13│ -1.45│ 5.27│
│总资产增长率 │ 1.18│ 2.84│ 2.11│ 3.14│ -0.79│ 2.49│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【6.指标变动说明】
截止日期:2026-06-30
┌──────┬────────┬──────┬────────┬──────┐
│变动科目 │变动原因 │本期数值(万)│ 上期/期初数(万)│ 变动幅度(%)│
├──────┼────────┼──────┼────────┼──────┤
│交易性金融资│本报告期公司所属│ 48410.00│ 620.00│ 7708.06│
│产 │子公司购买的理财│ │ │ │
│ │产品增加 │ │ │ │
│衍生金融资产│本报告期公司所属│ 37851.00│ 28906.00│ 30.95│
│ │子公司部分商品衍│ │ │ │
│ │生工具合约公允价│ │ │ │
│ │值上升 │ │ │ │
│应收款项融资│本报告期公司所属│ 53382.00│ 79241.00│ -32.63│
│ │子公司部分银行承│ │ │ │
│ │兑汇票到期 │ │ │ │
│发放贷款和垫│本报告期公司所属│ 980.00│ 1470.00│ -33.33│
│款 │财务公司发放贷款│ │ │ │
│ │到期收回 │ │ │ │
│其他应收款 │本报告期公司已结│ 179955.00│ 128701.00│ 39.82│
│ │算未收款的衍生品│ │ │ │
│ │合约、履约保证金│ │ │ │
│ │或押金以及应收股│ │ │ │
│ │利增加 │ │ │ │
│应收股利 │本报告期公司所属│ 16487.00│ 9204.00│ 79.13│
│ │子公司持有的其他│ │ │ │
│ │非流动金融资产宣│ │ │ │
│ │告分红 │ │ │ │
│存货 │本报告期公司所属│ 147762.00│ 245574.00│ -39.83│
│ │子公司天然气库存│ │ │ │
│ │下降 │ │ │ │
│长期应收款 │本报告期公司分期│ 233473.00│ 132349.00│ 76.41│
│ │收款业务增加 │ │ │ │
│其他非流动资│本报告期公司所属│ 30804.00│ 22846.00│ 34.83│
│产 │子公司支付的固定│ │ │ │
│ │资产、土地使用权│ │ │ │
│ │保证金增加 │ │ │ │
│衍生金融负债│本报告期公司所属│ 146653.00│ 38669.00│ 279.25│
│ │子公司部分商品衍│ │ │ │
│ │生工具合约公允价│ │ │ │
│ │值下降 │ │ │ │
│其他应付款 │本报告期公司所属│ 1043283.00│ 229581.00│ 354.43│
│ │子公司收到“中信│ │ │ │
│ │证券-新奥舟山天 │ │ │ │
│ │然气管道资产支持│ │ │ │
│ │专项计划（可持续│ │ │ │
│ │挂钩）”款项以及│ │ │ │
│ │应付股利增加 │ │ │ │
│应付股利 │本报告期公司及所│ 479676.00│ 66243.00│ 624.12│
│ │属子公司宣告分配│ │ │ │
│ │股利 │ │ │ │
│应付债券 │公司及所属子公司│ 312838.00│ 812367.00│ -61.49│
│ │部分应付债券重分│ │ │ │
│ │类至一年内到期的│ │ │ │
│ │非流动负债 │ │ │ │
│资本公积 │本报告期公司分摊│ 23417.00│ 17866.00│ 31.07│
│ │确认限制性股票费│ │ │ │
│ │用 │ │ │ │
│其他综合收益│汇率变动引起的外│ -2035.00│ 39558.00│ -105.14│
│ │币财务报表折算差│ │ │ │
│ │额减少，以及公司│ │ │ │
│ │上年计入现金流量│ │ │ │
│ │套期储备的衍生合│ │ │ │
│ │约市值下降 │ │ │ │
│营业收入 │--- │ 6399023.00│ 6599091.00│ -3.03│
│营业成本 │--- │ 5517109.00│ 5643910.00│ -2.25│
│销售费用 │--- │ 74846.00│ 76645.00│ -2.35│
│管理费用 │--- │ 212775.00│ 203415.00│ 4.60│
│财务费用 │本报告期美元贬值│ 8318.00│ 35237.00│ -76.39│
│ │，导致公司所属子│ │ │ │
│ │公司美元债汇兑收│ │ │ │
│ │益增加 │ │ │ │
│研发费用 │--- │ 23161.00│ 27725.00│ -16.46│
│其他收益 │本报告期部分子公│ 12326.00│ 18881.00│ -34.72│
│ │司政府补助和税收│ │ │ │
│ │优惠较上年同期减│ │ │ │
│ │少 │ │ │ │
│投资收益 │本报告期公司所属│ 162818.00│ 64017.00│ 154.34│
│ │子公司衍生金融工│ │ │ │
│ │具实现的收益增加│ │ │ │
│公允价值变动│本报告期公司所属│ -88834.00│ -31591.00│ -181.20│
│收益 │子公司持有的衍生│ │ │ │
│ │金融工具公允价值│ │ │ │
│ │下降 │ │ │ │
│信用减值损失│本报告期公司所属│ -10343.00│ -32244.00│ 67.92│
│ │子公司应收账款计│ │ │ │
│ │提减值损失减少 │ │ │ │
│资产减值损失│本报告期公司所属│ -22384.00│ -16494.00│ -35.71│
│ │子公司固定资产计│ │ │ │
│ │提减值损失增加 │ │ │ │
│资产处置收益│本报告期公司所属│ -6448.00│ 1365.00│ -572.38│
│ │子公司固定资产处│ │ │ │
│ │置损失增加 │ │ │ │
│营业外支出 │本报告期公司所属│ 12010.00│ 7027.00│ 70.91│
│ │子公司对外捐赠以│ │ │ │
│ │及固定资产、废旧│ │ │ │
│ │物资处置损失增加│ │ │ │
│其他综合收益│本报告期公司所属│ -47780.00│ 26229.00│ -282.16│
│的税后净额 │子公司衍生品合约│ │ │ │
│ │的公允价值变动计│ │ │ │
│ │入现金流量套期储│ │ │ │
│ │备的金额较上年同│ │ │ │
│ │期减少 │ │ │ │
│经营活动产生│--- │ 447797.00│ 557339.00│ -19.65│
│的现金流量净│ │ │ │ │
│额 │ │ │ │ │
│投资活动产生│本报告期公司所属│ 103096.00│ -437190.00│ 123.58│
│的现金流量净│子公司收到“中信│ │ │ │
│额 │证券-新奥舟山天 │ │ │ │
│ │然气管道资产支持│ │ │ │
│ │专项计划（可持续│ │ │ │
│ │挂钩）”款项 │ │ │ │
│筹资活动产生│本报告期公司及所│ -371424.00│ -134589.00│ -175.97│
│的现金流量净│属子公司偿还的债│ │ │ │
│额 │券增加 │ │ │ │
│客户存款和同│本报告期公司所属│ 396.00│ 9895.00│ -96.00│
│业存放款项净│财务公司吸收存款│ │ │ │
│增加额 │净增加额较上年同│ │ │ │
│ │期减少 │ │ │ │
│客户贷款及垫│本报告期公司所属│ 3141.00│ 7581.00│ -58.57│
│款净减少额 │子公司开展保理业│ │ │ │
│ │务导致资金净流入│ │ │ │
│ │减少 │ │ │ │
│收到的税费返│本报告期公司所属│ 2130.00│ 29386.00│ -92.75│
│还 │子公司收到的进口│ │ │ │
│ │增值税退税减少 │ │ │ │
│收到其他与经│本报告期收到的政│ 33802.00│ 52199.00│ -35.24│
│营活动有关的│府补助减少 │ │ │ │
│现金 │ │ │ │ │
│收回投资收到│本报告期公司所属│ 5517981.00│ 1034354.00│ 433.47│
│的现金 │子公司收回结构性│ │ │ │
│ │存款增加 │ │ │ │
│取得投资收益│衍生品结算收到的│ 11245.00│ 30847.00│ -63.55│
│收到的现金 │现金减少 │ │ │ │
│处置固定资产│本报告期公司所属│ 25799.00│ 12142.00│ 112.48│
│、无形资产和│子公司处置固定资│ │ │ │
│其他长期资产│产收到的现金增加│ │ │ │
│收回的现金净│ │ │ │ │
│额 │ │ │ │ │
│收到其他与投│本报告期公司所属│ 435186.00│ 146540.00│ 196.97│
│资活动有关的│子公司收到“中信│ │ │ │
│现金 │证券-新奥舟山天 │ │ │ │
│ │然气管道资产支持│ │ │ │
│ │专项计划（可持续│ │ │ │
│ │挂钩）”款项 │ │ │ │
│投资支付的现│本报告期公司所属│ 5557496.00│ 1190305.00│ 366.90│
│金 │子公司购买结构性│ │ │ │
│ │存款增加 │ │ │ │
│取得子公司及│本报告期公司所属│ 1009.00│ 4684.00│ -78.46│
│其他营业单位│子公司支付股权转│ │ │ │
│支付的现金净│让款减少 │ │ │ │
│额 │ │ │ │ │
│吸收投资收到│上期公司授予激励│ 1544.00│ 20834.00│ -92.59│
│的现金 │对象限制性股票收│ │ │ │
│ │到现金 │ │ │ │
│收到其他与筹│本报告期公司及所│ 792627.00│ 434615.00│ 82.37│
│资活动有关的│属子公司收到的票│ │ │ │
│现金 │据贴现款增加 │ │ │ │
│偿还债务支付│本报告期公司及所│ 878463.00│ 656291.00│ 33.85│
│的现金 │属子公司偿还的债│ │ │ │
│ │券增加 │ │ │ │
│支付其他与筹│本报告期公司及所│ 802482.00│ 461754.00│ 73.79│
│资活动有关的│属子公司支付的票│ │ │ │
│现金 │据到期解付款增加│ │ │ │
└──────┴────────┴──────┴────────┴──────┘
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(%)│
├──────┼────────┼──────┼────────┼──────┤
│归属于上市公│本期公司公允价值│ 65498.00│ 97643.00│ -32.92│
│司股东的净利│变动收益较上年同│ │ │ │
│润 │期减少 │ │ │ │
│归属于上市公│归属于上市公司净│ 67880.00│ 98927.00│ -31.38│
│司股东的扣除│利润本期较上期减│ │ │ │
│非经常性损益│少较多 │ │ │ │
│的净利润 │ │ │ │ │
│经营活动产生│本报告期公司支付│ 945.00│ 57650.00│ -98.36│
│的现金流量净│的上游气费款增加│ │ │ │
│额 │以及公司所属子公│ │ │ │
│ │司开展的保理业务│ │ │ │
│ │增加 │ │ │ │
└──────┴────────┴──────┴────────┴──────┘
【7.资产负债表摘要】
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│资产负债指标(万元) │ 2026-06-30│ 2025-12-31│ 2024-12-31│ 2023-12-31│ 2022-12-31│ 2021-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│货币资金 │ 1659849.00│ 1578135.00│ 1343522.00│ 1667344.00│ 923809.00│ 1144021.00│
│存货 │ 147762.00│ 245574.00│ 232524.00│ 216657.00│ 241660.00│ 313840.00│
│应收票据及应收账款 │ 510946.00│ 499854.00│ 664852.00│ 707458.00│ 670110.00│ 702337.00│
│合同资产 │ 176781.00│ 198449.00│ 210858.00│ 245318.00│ 302998.00│ 270466.00│
│预付款项 │ 334221.00│ 367959.00│ 366106.00│ 528640.00│ 498758.00│ 401128.00│
│其他应收款 │ 179955.00│ 128701.00│ 127833.00│ 127752.00│ 326770.00│ 238273.00│
│流动资产合计 │ 3972295.00│ 3892823.00│ 3672275.00│ 4354382.00│ 3878318.00│ 3983368.00│
│可出售金融资产 │ ---│ ---│ ---│ ---│ ---│ ---│
│长期股权投资 │ 828317.00│ 804344.00│ 779433.00│ 739750.00│ 602109.00│ 599550.00│
│固定资产净额 │ 6368215.00│ 6350852.00│ 6418054.00│ 6132633.00│ 6612822.00│ 5683330.00│
│在建工程 │ 565526.00│ 586459.00│ 557531.00│ 498372.00│ 478612.00│ 447743.00│
│无形资产 │ 699701.00│ 733008.00│ 773885.00│ 762453.00│ 1106248.00│ 1060407.00│
│商誉 │ 52622.00│ 52622.00│ 54536.00│ 55802.00│ 57385.00│ 57385.00│
│非流动资产合计 │ 9715385.00│ 9635607.00│ 9576475.00│ 9102968.00│ 9741426.00│ 8810024.00│
│资产总计 │ 13687680.00│ 13528430.00│ 13248750.00│ 13457350.00│ 13619744.00│ 12793392.00│
│应付票据及应付账款 │ 872025.00│ 1002776.00│ 1086651.00│ 1148429.00│ 1134167.00│ 1316258.00│
│预收款项 │ ---│ ---│ ---│ ---│ ---│ ---│
│合同负债 │ 1236153.00│ 1429062.00│ 1449375.00│ 1495238.00│ 1742053.00│ 1651456.00│
│流动负债 │ 6004662.00│ 5173258.00│ 4337317.00│ 4603225.00│ 4866806.00│ 5539310.00│
│长期借款 │ 443602.00│ 517968.00│ 759508.00│ 874591.00│ 1211218.00│ 569828.00│
│长期应付款 │ 6337.00│ 6630.00│ ---│ 275.00│ 157114.00│ 162870.00│
│非流动负债 │ 1417748.00│ 2025445.00│ 2857072.00│ 3000460.00│ 3596716.00│ 2637528.00│
│负债合计 │ 7422410.00│ 7198703.00│ 7194389.00│ 7603685.00│ 8463522.00│ 8176838.00│
│实收资本 │ 309579.00│ 309709.00│ 309709.00│ 309840.00│ 309866.00│ 284585.00│
│资本公积金 │ 23417.00│ 17866.00│ 12180.00│ 15160.00│ 19396.00│ 285538.00│
│盈余公积 │ 62620.00│ 62620.00│ 49843.00│ 51590.00│ 33111.00│ 22415.00│
│未分配利润 │ 1945726.00│ 2032581.00│ 1989346.00│ 1847301.00│ 1344725.00│ 854115.00│
│少数股东权益 │ 3920437.00│ 3865029.00│ 3707635.00│ 3488183.00│ 3398410.00│ 3133232.00│
│归属母公司权益 │ 2344833.00│ 2464698.00│ 2346726.00│ 2365482.00│ 1757812.00│ 1483322.00│
│股东权益合计 │ 6265270.00│ 6329727.00│ 6054361.00│ 5853665.00│ 5156222.00│ 4616554.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│资产负债指标(万元) │ 2026-06-30│ 2026-03-31│ 2025-12-31│ 2025-09-30│ 2025-06-30│ 2025-03-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│货币资金 │ 1659849.00│ 1683587.00│ 1578135.00│ 1649732.00│ 1361863.00│ 1541569.00│
│存货 │ 147762.00│ 171765.00│ 245574.00│ 277668.00│ 151070.00│ 169520.00│
│应收票据及应收账款 │ 510946.00│ 542919.00│ 499854.00│ 541162.00│ 556021.00│ 632267.00│
│合同资产 │ 176781.00│ 211198.00│ 198449.00│ 221255.00│ 198322.00│ 218184.00│
│预付款项 │ 334221.00│ 364709.00│ 367959.00│ 403242.00│ 319256.00│ 346781.00│
│其他应收款 │ 179955.00│ 138267.00│ 128701.00│ 143971.00│ 158549.00│ 145875.00│
│流动资产合计 │ 3972295.00│ 4249476.00│ 3892823.00│ 4069760.00│ 3599298.00│ 3938332.00│
│可出售金融资产 │ ---│ ---│ ---│ ---│ ---│ ---│
│长期股权投资 │ 828317.00│ 822971.00│ 804344.00│ 803800.00│ 793674.00│ 789426.00│
│固定资产净额 │ 6368215.00│ 6366921.00│ 6350852.00│ 6280082.00│ 6195108.00│ 6454014.00│
│在建工程 │ 565526.00│ 586141.00│ 586459.00│ 616452.00│ 631058.00│ 592937.00│
│无形资产 │ 699701.00│ 722920.00│ 733008.00│ 718972.00│ 732922.00│ 761930.00│
│商誉 │ 52622.00│ 52622.00│ 52622.00│ 52622.00│ 52622.00│ 54536.00│
│非流动资产合计 │ 9715385.00│ 9662665.00│ 9635607.00│ 9594537.00│ 9544418.00│ 9640722.00│
│资产总计 │ 13687680.00│ 13912141.00│ 13528430.00│ 13664297.00│ 13143716.00│ 13579054.00│
│应付票据及应付账款 │ 872025.00│ 836087.00│ 1002776.00│ 947026.00│ 992888.00│ 1030070.00│
│预收款项 │ ---│ ---│ ---│ ---│ ---│ ---│
│合同负债 │ 1236153.00│ 1342399.00│ 1429062.00│ 1346965.00│ 1264211.00│ 1355143.00│
│流动负债 │ 6004662.00│ 5648159.00│ 5173258.00│ 5351089.00│ 4852980.00│ 4418614.00│
│长期借款 │ 443602.00│ 459506.00│ 517968.00│ 630132.00│ 701292.00│ 804774.00│
│长期应付款 │ 6337.00│ 6337.00│ 6630.00│ 6630.00│ 6922.00│ ---│
│非流动负债 │ 1417748.00│ 1871404.00│ 2025445.00│ 2142840.00│ 2244241.00│ 2903085.00│
│负债合计 │ 7422410.00│ 7519563.00│ 7198703.00│ 7493929.00│ 7097221.00│ 7321699.00│
│实收资本 │ 309579.00│ 309579.00│ 309709.00│ 309709.00│ 309709.00│ 309709.00│
│资本公积金 │ 23417.00│ 21156.00│ 17866.00│ 15046.00│ 15835.00│ 12436.00│
│盈余公积 │ 62620.00│ 62043.00│ 62620.00│ 36424.00│ 33786.00│ 33761.00│
│未分配利润 │ 1945726.00│ 2099741.00│ 2032581.00│ 1957930.00│ 1911732.00│ 2086990.00│
│少数股东权益 │ 3920437.00│ 3972918.00│ 3865029.00│ 3797205.00│ 3733825.00│ 3786903.00│
│归属母公司权益 │ 2344833.00│ 2419660.00│ 2464698.00│ 2373163.00│ 2312670.00│ 2470452.00│
│股东权益合计 │ 6265270.00│ 6392578.00│ 6329727.00│ 6170368.00│ 6046495.00│ 6257355.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【8.利润表摘要】
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│利润表指标(万元) │ 2026-06-30│ 2025-12-31│ 2024-12-31│ 2023-12-31│ 2022-12-31│ 2021-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│营业总收入 │ 6401102.00│ 13150669.00│ 13591010.00│ 14384188.00│ 15416881.00│ 11603099.00│
│营业总成本 │ 5854755.00│ 12025308.00│ 12474126.00│ 13250627.00│ 14127096.00│ 10391720.00│
│营业税金及附加 │ 18266.00│ 39625.00│ 39951.00│ 54371.00│ 78411.00│ 63484.00│
│销售费用 │ 74846.00│ 155535.00│ 151187.00│ 142868.00│ 148501.00│ 144589.00│
│财务费用 │ 8318.00│ 47967.00│ 112075.00│ 165060.00│ 293320.00│ 50504.00│
│管理费用 │ 212775.00│ 403406.00│ 395771.00│ 420250.00│ 412141.00│ 376355.00│
│资产减值损失 │ -22384.00│ -46815.00│ -29961.00│ -206885.00│ -24287.00│ -45016.00│
│公允价值变动净收益 │ -88834.00│ -24457.00│ -35213.00│ -147905.00│ 116912.00│ 45650.00│
│投资收益 │ 162818.00│ 148937.00│ 184377.00│ 792202.00│ 84651.00│ 117887.00│
│营业利润 │ 593503.00│ 1181768.00│ 1250492.00│ 1579240.00│ 1470466.00│ 1352959.00│
│营业外收入 │ 6893.00│ 10012.00│ 30514.00│ 16494.00│ 9850.00│ 16457.00│
│营业外支出 │ 12010.00│ 20709.00│ 17410.00│ 19115.00│ 12637.00│ 22771.00│
│利润总额 │ 588386.00│ 1171071.00│ 1263596.00│ 1576619.00│ 1467679.00│ 1346645.00│
│所得税 │ 127705.00│ 172610.00│ 269216.00│ 323606.00│ 360272.00│ 293600.00│
│净利润 │ 460681.00│ 998461.00│ 994380.00│ 1253013.00│ 1107407.00│ 1053045.00│
│归属母公司净利润 │ 208774.00│ 468132.00│ 449318.00│ 709111.00│ 584391.00│ 410165.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│利润表指标(万元) │ 2026-06-30│ 2026-03-31│ 2025-12-31│ 2025-09-30│ 2025-06-30│ 2025-03-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│营业总收入 │ 6401102.00│ 3115958.00│ 13150669.00│ 9589262.00│ 6601493.00│ 3373959.00│
│营业总成本 │ 5854755.00│ 2884257.00│ 12025308.00│ 8764992.00│ 6007408.00│ 3154240.00│
│营业税金及附加 │ 18266.00│ 9426.00│ 39625.00│ 28869.00│ 19974.00│ 10514.00│
│销售费用 │ 74846.00│ 41695.00│ 155535.00│ 116623.00│ 76645.00│ 43325.00│
│财务费用 │ 8318.00│ 2272.00│ 47967.00│ 41316.00│ 35237.00│ 18066.00│
│管理费用 │ 212775.00│ 88093.00│ 403406.00│ 291954.00│ 203415.00│ 93440.00│
│资产减值损失 │ -22384.00│ -1982.00│ -46815.00│ -17291.00│ -16494.00│ -1367.00│
│公允价值变动净收益 │ -88834.00│ -49239.00│ -24457.00│ -29447.00│ -31591.00│ -6542.00│
│投资收益 │ 162818.00│ 51700.00│ 148937.00│ 112094.00│ 64017.00│ 22473.00│
│营业利润 │ 593503.00│ 233813.00│ 1181768.00│ 876760.00│ 598022.00│ 237987.00│
│营业外收入 │ 6893.00│ 2481.00│ 10012.00│ 7838.00│ 5439.00│ 5400.00│
│营业外支出 │ 12010.00│ 3038.00│ 20709.00│ 10286.00│ 7027.00│ 2469.00│
│利润总额 │ 588386.00│ 233256.00│ 1171071.00│ 874312.00│ 596434.00│ 240918.00│
│所得税 │ 127705.00│ 57882.00│ 172610.00│ 168585.00│ 126305.00│ 58953.00│
│净利润 │ 460681.00│ 175374.00│ 998461.00│ 705727.00│ 470129.00│ 181965.00│
│归属母公司净利润 │ 208774.00│ 65498.00│ 468132.00│ 342580.00│ 240764.00│ 97643.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【9.现金流量表摘要】
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│现金流量指标(万元) │ 2026-06-30│ 2025-12-31│ 2024-12-31│ 2023-12-31│ 2022-12-31│ 2021-12-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│经营活动现金流入 │ 7838454.00│ 17036452.00│ 17144923.00│ 17874869.00│ 18264704.00│ 13353547.00│
│经营活动现金流出 │ 7390657.00│ 15609801.00│ 15728707.00│ 16498924.00│ 16764126.00│ 12002509.00│
│经营活动现金流量净额│ 447797.00│ 1426651.00│ 1416216.00│ 1375945.00│ 1500578.00│ 1351038.00│
│投资活动现金流入 │ 5990211.00│ 4183585.00│ 3282301.00│ 2266186.00│ 1351243.00│ 1395499.00│
│投资活动现金流出 │ 5887115.00│ 4779923.00│ 3972862.00│ 2033064.00│ 2039352.00│ 2199610.00│
│投资活动现金流量净额│ 103096.00│ -596338.00│ -690561.00│ 233122.00│ -688109.00│ -804111.00│
│筹资活动现金流入 │ 1420430.00│ 2863127.00│ 2558304.00│ 2294647.00│ 2536905.00│ 3095235.00│
│筹资活动现金流出 │ 1791854.00│ 3359659.00│ 3630310.00│ 3122493.00│ 3502121.00│ 3565375.00│
│筹资活动现金流量净额│ -371424.00│ -496532.00│ -1072006.00│ -827846.00│ -965216.00│ -470140.00│
│汇率变动对现金的影响│ -22267.00│ -13469.00│ 5097.00│ 901.00│ 6960.00│ -5128.00│
│现金及等价物净增加额│ 157202.00│ 320312.00│ -341254.00│ 782122.00│ -145787.00│ 71659.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│现金流量指标(万元) │ 2026-06-30│ 2026-03-31│ 2025-12-31│ 2025-09-30│ 2025-06-30│ 2025-03-31│
├──────────┼──────┼──────┼──────┼──────┼──────┼──────┤
│经营活动现金流入 │ 7838454.00│ 3826685.00│ 17036452.00│ 12366397.00│ 8334566.00│ 4089082.00│
│经营活动现金流出 │ 7390657.00│ 3825740.00│ 15609801.00│ 11711251.00│ 7777227.00│ 4031432.00│
│经营活动现金流量净额│ 447797.00│ 945.00│ 1426651.00│ 655146.00│ 557339.00│ 57650.00│
│投资活动现金流入 │ 5990211.00│ 2051127.00│ 4183585.00│ 2782141.00│ 1224045.00│ 281431.00│
│投资活动现金流出 │ 5887115.00│ 2535317.00│ 4779923.00│ 3426316.00│ 1661235.00│ 719906.00│
│投资活动现金流量净额│ 103096.00│ -484190.00│ -596338.00│ -644175.00│ -437190.00│ -438475.00│
│筹资活动现金流入 │ 1420430.00│ 1370580.00│ 2863127.00│ 2441963.00│ 1079666.00│ 948605.00│
│筹资活动现金流出 │ 1791854.00│ 954516.00│ 3359659.00│ 2355083.00│ 1214255.00│ 561886.00│
│筹资活动现金流量净额│ -371424.00│ 416064.00│ -496532.00│ 86880.00│ -134589.00│ 386719.00│
│汇率变动对现金的影响│ -22267.00│ -8245.00│ -13469.00│ -6735.00│ 6442.00│ 4133.00│
│现金及等价物净增加额│ 157202.00│ -75426.00│ 320312.00│ 91116.00│ -7998.00│ 10027.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【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 │ 3372923.00│ 25.66│ 97643.00│ 20.86│
│二季报 │ 3226168.00│ 24.54│ 143121.00│ 30.57│
│三季报 │ 2986530.00│ 22.72│ 101816.00│ 21.75│
│四季报 │ 3560056.00│ 27.08│ 125552.00│ 26.82│
└──────┴───────┴───────┴───────┴───────┘
┌──────┬───────┬───────┬───────┬───────┐
│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 │ 3420918.00│ 25.18│ 108058.00│ 24.05│
│二季报 │ 3276634.00│ 24.12│ 144901.00│ 32.25│
│三季报 │ 3174930.00│ 23.37│ 96151.00│ 21.40│
│四季报 │ 3711167.00│ 27.32│ 100208.00│ 22.30│
└──────┴───────┴───────┴───────┴───────┘
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