财务分析☆ ◇600803 新奥股份 更新日期：2026-08-08◇ 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) │ 65498.00│ 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(%) │ -32.92│ 4.19│ -36.64│ 21.34│ 26.17│ 94.67│
│扣非净利润(万) │ 67880.00│ 440655.00│ 371071.00│ 245925.00│ 467089.00│ 353118.00│
│营业总收(未调整:万) │ 3115958.00│ 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(%) │ -7.65│ -3.24│ -5.51│ -6.70│ 33.02│ 31.71│
│加权净资产收益率(%) │ 2.68│ 19.35│ 19.06│ 34.39│ 33.43│ 41.11│
│资产负债比率(%) │ 54.05│ 53.21│ 54.30│ 56.50│ 62.14│ 63.91│
│净利润现金含量(%) │ 1.44│ 304.75│ 315.19│ 194.04│ 256.78│ 329.39│
│基本每股收益(元) │ 0.2100│ 1.5200│ 1.4600│ 2.3000│ 1.9000│ 1.5100│
│每股收益-扣除(元) │ 0.2193│ 1.4400│ 1.2100│ 0.8000│ 1.6000│ 1.2600│
│每股收益-摊薄(元) │ 0.2116│ 1.5115│ 1.4508│ 2.2886│ 1.8859│ 1.4413│
│每股资本公积金(元) │ 0.0683│ 0.0577│ 0.0393│ 0.0489│ 0.0626│ 1.0033│
│每股未分配利润(元) │ 6.7826│ 6.5629│ 6.4233│ 5.9621│ 4.3397│ 3.0013│
│每股净资产(元) │ 7.8160│ 7.9581│ 7.5772│ 7.6345│ 5.6728│ 5.2122│
│每股经营现金流量(元)│ 0.0031│ 4.6064│ 4.5727│ 4.4408│ 4.8427│ 4.7474│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│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) │ 65498.00│ 468132.00│ 342580.00│ 240764.00│ 97643.00│ 449318.00│
│归母净利(调整后:万) │ ---│ ---│ ---│ ---│ 97643.00│ 449318.00│
│净利润增长率(%) │ -32.92│ 4.19│ -1.87│ -4.82│ -9.64│ -36.64│
│扣非净利润(万) │ 67880.00│ 440655.00│ 328028.00│ 241409.00│ 98927.00│ 371071.00│
│营业总收(未调整:万) │ 3115958.00│ 13150669.00│ 9589262.00│ 6601493.00│ 3373959.00│ 13591010.00│
│营业总收(调整后:万) │ ---│ ---│ ---│ ---│ 3373959.00│ 13591010.00│
│总营收同比增长率(%) │ -7.65│ -3.24│ -2.92│ -1.49│ -1.44│ -5.51│
│加权净资产收益率(%) │ 2.68│ 19.35│ 14.04│ 9.68│ 4.05│ 19.06│
│资产负债比率(%) │ 54.05│ 53.21│ 54.84│ 54.00│ 53.92│ 54.30│
│净利润现金含量(%) │ 1.44│ 304.75│ 191.24│ 231.49│ 59.04│ 315.19│
│基本每股收益(元) │ 0.2100│ 1.5200│ 1.1100│ 0.7800│ 0.3200│ 1.4600│
│每股收益-扣除(元) │ 0.2193│ 1.4400│ 1.0591│ 0.7900│ 0.3194│ 1.2100│
│每股收益-摊薄(元) │ 0.2116│ 1.5115│ 1.1061│ 0.7774│ 0.3153│ 1.4508│
│每股资本公积金(元) │ 0.0683│ 0.0577│ 0.0486│ 0.0511│ 0.0402│ 0.0393│
│每股未分配利润(元) │ 6.7826│ 6.5629│ 6.3218│ 6.1727│ 6.7386│ 6.4233│
│每股净资产(元) │ 7.8160│ 7.9581│ 7.6626│ 7.4672│ 7.9767│ 7.5772│
│每股经营现金流量(元)│ 0.0031│ 4.6064│ 2.1154│ 1.7996│ 0.1861│ 4.5727│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【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 │ 0.75│ 0.75│ 0.85│ 0.95│ 0.80│ 0.72│
│速动比率 │ 0.72│ 0.71│ 0.79│ 0.90│ 0.75│ 0.66│
│资产负债比率(%) │ 54.05│ 53.21│ 54.30│ 56.50│ 62.14│ 63.91│
│产权比率 │ 3.11│ 2.92│ 3.07│ 3.21│ 4.81│ 5.51│
│现金流比率(短期债务)% │ 0.00│ 0.28│ 0.33│ 0.30│ 0.31│ 0.24│
└───────────┴─────┴──────┴──────┴──────┴──────┴──────┘
┌───────────┬─────┬──────┬──────┬──────┬──────┬──────┐
│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 │ 0.75│ 0.75│ 0.76│ 0.74│ 0.89│ 0.85│
│速动比率 │ 0.72│ 0.71│ 0.71│ 0.71│ 0.85│ 0.79│
│资产负债比率(%) │ 54.05│ 53.21│ 54.84│ 54.00│ 53.92│ 54.30│
│产权比率 │ 3.11│ 2.92│ 3.16│ 3.07│ 2.96│ 3.07│
│现金流比率(短期债务)% │ 0.00│ 0.28│ 0.12│ 0.11│ 0.01│ 0.33│
└───────────┴─────┴──────┴──────┴──────┴──────┴──────┘
【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 │ 6.12│ 23.46│ 20.94│ 22.14│ 23.86│ 22.07│
│存货周转率 │ 13.09│ 47.34│ 52.06│ 53.98│ 46.79│ 37.58│
│流动资产周转率 │ 0.77│ 3.48│ 3.39│ 3.49│ 3.92│ 3.28│
│固定资产周转率 │ 0.49│ 2.06│ 2.17│ 2.26│ 2.40│ 2.21│
│总资产周转率 │ 0.23│ 0.98│ 1.02│ 1.06│ 1.14│ 0.98│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│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 │ 6.12│ 23.46│ 16.51│ 11.17│ 5.41│ 20.94│
│存货周转率 │ 13.09│ 47.34│ 32.31│ 29.43│ 14.79│ 52.06│
│流动资产周转率 │ 0.77│ 3.48│ 2.48│ 1.82│ 0.89│ 3.39│
│固定资产周转率 │ 0.49│ 2.06│ 1.51│ 1.05│ 0.52│ 2.17│
│总资产周转率 │ 0.23│ 0.98│ 0.71│ 0.50│ 0.25│ 1.02│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【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 │ 2.71│ 18.99│ 19.15│ 29.98│ 33.25│ 27.65│
│销售毛利率 │ 12.34│ 13.92│ 13.93│ 13.95│ 15.15│ 16.74│
│营业利润率 │ 7.51│ 8.99│ 9.21│ 10.99│ 9.55│ 11.67│
│销售净利率 │ 5.63│ 7.60│ 7.32│ 8.72│ 7.19│ 9.08│
│总资产净利率 │ 1.28│ 7.46│ 7.45│ 9.26│ 8.19│ 8.87│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│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 │ 2.71│ 18.99│ 14.44│ 10.41│ 3.95│ 19.15│
│销售毛利率 │ 12.34│ 13.92│ 14.01│ 14.47│ 11.83│ 13.93│
│营业利润率 │ 7.51│ 8.99│ 9.15│ 9.06│ 7.06│ 9.21│
│销售净利率 │ 5.63│ 7.60│ 7.36│ 7.12│ 5.39│ 7.32│
│总资产净利率 │ 1.28│ 7.46│ 5.24│ 3.56│ 1.36│ 7.45│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【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 │ -7.65│ -3.24│ -5.51│ -6.70│ 33.02│ 31.71│
│营业利润增长率 │ -1.75│ -5.50│ -20.82│ 7.40│ 3.32│ 27.82│
│净利润增长率 │ -32.92│ 4.19│ -36.64│ 21.34│ 26.17│ 94.67│
│净资产增长率 │ -1.83│ 5.03│ -0.79│ 34.57│ 5.15│ 82.40│
│总资产增长率 │ 2.84│ 2.11│ -1.55│ -1.19│ 1.40│ 16.81│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│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 │ -7.65│ -3.24│ -2.92│ -1.49│ -1.44│ -5.51│
│营业利润增长率 │ -1.75│ -5.50│ -0.21│ -5.96│ -13.37│ -20.82│
│净利润增长率 │ -32.92│ 4.19│ -1.87│ -4.82│ -9.64│ -36.64│
│净资产增长率 │ -1.83│ 5.03│ 1.13│ -1.45│ 5.27│ -0.79│
│总资产增长率 │ 2.84│ 2.11│ 3.14│ -0.79│ 2.49│ -1.55│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【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(%)│
├──────┼────────┼──────┼────────┼──────┤
│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 │ │ │ │
└──────┴────────┴──────┴────────┴──────┘
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(%)│
├──────┼────────┼──────┼────────┼──────┤
│客户存款和同│本报告期公司所属│ 19257.00│ 2594.00│ 642.37│
│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│ │ │ │
│ │期增加 │ │ │ │
│收取利息、手│本报告期公司所属│ 3524.00│ 5985.00│ -41.12│
│续费及佣金的│子公司收到的存放│ │ │ │
│现金 │同业利息以及保理│ │ │ │
│ │利息减少 │ │ │ │
│客户贷款及垫│本报告期公司所属│ 19763.00│ 538.00│ 3573.42│
│款净减少额 │子公司保理业务规│ │ │ │
│ │模下降导致资金净│ │ │ │
│ │流出减少 │ │ │ │
│处置固定资产│本报告期公司所属│ 13807.00│ 25731.00│ -46.34│
│、无形资产和│子公司处置固定资│ │ │ │
│其他长期资产│产收到的现金减少│ │ │ │
│收回的现金净│ │ │ │ │
│额 │ │ │ │ │
│处置子公司及│本报告期公司所属│ 4752.00│ 1399.00│ 239.67│
│其他营业单位│子公司收到股权转│ │ │ │
│收到的现金净│让款增加 │ │ │ │
│额 │ │ │ │ │
│收到其他与投│本报告期公司所属│ 120374.00│ 16659.00│ 622.58│
│资活动有关的│子公司收到处置公│ │ │ │
│现金 │司的债权款 │ │ │ │
│取得子公司及│本报告期公司所属│ 22314.00│ 325.00│ 6765.85│
│其他营业单位│子公司支付股权转│ │ │ │
│支付的现金净│让款增加 │ │ │ │
│额 │ │ │ │ │
│吸收投资收到│本报告期公司授予│ 44481.00│ 12168.00│ 265.56│
│的现金 │激励对象限制性股│ │ │ │
│ │票收到的现金增加│ │ │ │
│子公司吸收少│本报告期公司所属│ 18956.00│ 12150.00│ 56.02│
│数股东投资收│子公司收到少数股│ │ │ │
│到的现金 │东投资款增加 │ │ │ │
│收到其他与筹│本报告期公司及所│ 895627.00│ 410165.00│ 118.36│
│资活动有关的│属子公司收到的票│ │ │ │
│现金 │据贴现款增加 │ │ │ │
│支付其他与筹│本报告期公司及所│ 557486.00│ 366595.00│ 52.07│
│资活动有关的│属子公司支付的票│ │ │ │
│现金 │据到期解付款增加│ │ │ │
│交易性金融资│本报告期公司所属│ 620.00│ ---│ ---│
│产 │子公司结构性存款│ │ │ │
│ │增加 │ │ │ │
│应收票据 │本报告期公司处置│ 15887.00│ 28223.00│ -43.71│
│ │子公司，及所属子│ │ │ │
│ │公司银行承兑汇票│ │ │ │
│ │到期 │ │ │ │
│发放贷款和垫│本报告期公司所属│ 1470.00│ 2842.00│ -48.28│
│款 │财务公司发放贷款│ │ │ │
│ │到期收回 │ │ │ │
│一年内到期的│本报告期公司所属│ 50770.00│ ---│ ---│
│非流动资产 │子公司部分长期应│ │ │ │
│ │收款在一年内即将│ │ │ │
│ │到期增加 │ │ │ │
│长期应收款 │本报告期公司所属│ 132349.00│ 5940.00│ 2128.10│
│ │子公司新增一笔长│ │ │ │
│ │期应收款 │ │ │ │
│使用权资产 │本报告期租赁合同│ 39887.00│ 61293.00│ -34.92│
│ │终止，对使用权资│ │ │ │
│ │产和租赁负债终止│ │ │ │
│ │确认 │ │ │ │
│其他非流动资│本报告期公司所属│ 22846.00│ 14964.00│ 52.67│
│产 │子公司支付的固定│ │ │ │
│ │资产、土地使用权│ │ │ │
│ │保证金增加 │ │ │ │
│短期借款 │公司所属子公司未│ 1202710.00│ 924025.00│ 30.16│
│ │到期的应收票据贴│ │ │ │
│ │现金额增加 │ │ │ │
│衍生金融负债│上期计入衍生金融│ 38669.00│ 93968.00│ -58.85│
│ │负债的合约本期到│ │ │ │
│ │期结算 │ │ │ │
│吸收存款及同│公司所属财务公司│ 39514.00│ 20258.00│ 95.05│
│业存放 │吸收存款增加 │ │ │ │
│应付股利 │本报告期公司所属│ 66243.00│ 33279.00│ 99.05│
│ │子公司宣告分配股│ │ │ │
│ │利 │ │ │ │
│一年内到期的│公司所属子公司部│ 806260.00│ 138924.00│ 480.36│
│非流动负债 │分应付债券在一年│ │ │ │
│ │内即将到期及一年│ │ │ │
│ │内到期的长期借款│ │ │ │
│ │金额增加 │ │ │ │
│长期借款 │本期期末长期借款│ 517968.00│ 759508.00│ -31.80│
│ │重分类到一年内到│ │ │ │
│ │期的非流动负债金│ │ │ │
│ │额增加 │ │ │ │
│应付债券 │公司所属子公司部│ 812367.00│ 1279434.00│ -36.51│
│ │分应付债券重分类│ │ │ │
│ │至一年内到期的非│ │ │ │
│ │流动负债 │ │ │ │
│租赁负债 │本报告期租赁合同│ 26785.00│ 40119.00│ -33.24│
│ │终止，对使用权资│ │ │ │
│ │产和租赁负债终止│ │ │ │
│ │确认 │ │ │ │
│长期应付款 │本报告期公司所属│ 6630.00│ ---│ ---│
│ │子公司融资租赁款│ │ │ │
│ │增加 │ │ │ │
│资本公积 │本报告期公司分摊│ 17866.00│ 12180.00│ 46.68│
│ │确认限制性股票费│ │ │ │
│ │用 │ │ │ │
│库存股 │本报告期公司限制│ 23454.00│ 48212.00│ -51.35│
│ │性股票激励计划向│ │ │ │
│ │激励对象授予限制│ │ │ │
│ │性股票激励减少库│ │ │ │
│ │存股 │ │ │ │
│其他综合收益│公司上年计入现金│ 39558.00│ 8794.00│ 349.83│
│ │流量套期储备的衍│ │ │ │
│ │生合约市值上升 │ │ │ │
│营业收入 │--- │ 13145677.00│ 13583649.00│ -3.22│
│利息收入 │本报告期公司所属│ 4992.00│ 7361.00│ -32.18│
│ │子公司开展的保理│ │ │ │
│ │业务投放规模减少│ │ │ │
│ │，同时存放同业活│ │ │ │
│ │期存款利率下降 │ │ │ │
│营业成本 │--- │ 11316100.00│ 11691167.00│ -3.21│
│销售费用 │--- │ 155535.00│ 151187.00│ 2.88│
│管理费用 │--- │ 403406.00│ 395771.00│ 1.93│
│财务费用 │本报告期公司所属│ 47967.00│ 112075.00│ -57.20│
│ │子公司美元债由美│ │ │ │
│ │元贬值引起的汇兑│ │ │ │
│ │收益增加，以及平│ │ │ │
│ │均借款利率下降引│ │ │ │
│ │起利息费用减少 │ │ │ │
│研发费用 │--- │ 61207.00│ 82600.00│ -25.90│
│其他收益 │本报告期部分子公│ 35630.00│ 63728.00│ -44.09│
│ │司政府补助和税收│ │ │ │
│ │优惠较上年同期减│ │ │ │
│ │少 │ │ │ │
│公允价值变动│衍生金融工具前期│ -24457.00│ -35213.00│ 30.55│
│收益 │产生的浮动收益于│ │ │ │
│ │本期到期结算，冲│ │ │ │
│ │减公允价值变动收│ │ │ │
│ │益的金额较上年同│ │ │ │
│ │期减少 │ │ │ │
│资产减值损失│本报告期公司所属│ -46815.00│ -29961.00│ -56.25│
│ │子公司计提固定资│ │ │ │
│ │产及无形资产减值│ │ │ │
│ │较上年同期增加 │ │ │ │
│营业外收入 │本报告期公司所属│ 10012.00│ 30514.00│ -67.19│
│ │子公司收到赔偿款│ │ │ │
│ │减少 │ │ │ │
│所得税费用 │本报告期公司利润│ 172610.00│ 269216.00│ -35.88│
│ │总额下降以及所属│ │ │ │
│ │部分子公司优化业│ │ │ │
│ │务主体、确认递延│ │ │ │
│ │所得税资产减少所│ │ │ │
│ │得税费用 │ │ │ │
│终止经营净利│本报告期公司所属│ 30715.00│ 21337.00│ 43.95│
│润 │子公司煤炭单价较│ │ │ │
│ │上年同期大幅下降│ │ │ │
│ │，从而导致成本降│ │ │ │
│ │低 │ │ │ │
│其他综合收益│本报告期公司所属│ 21681.00│ -116171.00│ 118.66│
│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│ │ │ │
│ │备金额较上年同期│ │ │ │
│ │增加 │ │ │ │
│经营活动产生│--- │ 1426651.00│ 1416216.00│ 0.74│
│的现金流量净│ │ │ │ │
│额 │ │ │ │ │
│投资活动产生│--- │ -596338.00│ -690561.00│ 13.64│
│的现金流量净│ │ │ │ │
│额 │ │ │ │ │
│筹资活动产生│本报告期公司及所│ -496532.00│ -1072006.00│ 53.68│
│的现金流量净│属子公司收到的票│ │ │ │
│额 │据贴现款增加，以│ │ │ │
│ │及偿还到期银行借│ │ │ │
│ │款减少 │ │ │ │
└──────┴────────┴──────┴────────┴──────┘
【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 │ 1683587.00│ 1578135.00│ 1343522.00│ 1667344.00│ 923809.00│ 1144021.00│
│存货 │ 171765.00│ 245574.00│ 232524.00│ 216657.00│ 241660.00│ 313840.00│
│应收票据及应收账款 │ 542919.00│ 499854.00│ 664852.00│ 707458.00│ 670110.00│ 702337.00│
│合同资产 │ 211198.00│ 198449.00│ 210858.00│ 245318.00│ 302998.00│ 270466.00│
│预付款项 │ 364709.00│ 367959.00│ 366106.00│ 528640.00│ 498758.00│ 401128.00│
│其他应收款 │ 138267.00│ 128701.00│ 127833.00│ 127752.00│ 326770.00│ 238273.00│
│流动资产合计 │ 4249476.00│ 3892823.00│ 3672275.00│ 4354382.00│ 3878318.00│ 3983368.00│
│可出售金融资产 │ ---│ ---│ ---│ ---│ ---│ ---│
│长期股权投资 │ 822971.00│ 804344.00│ 779433.00│ 739750.00│ 602109.00│ 599550.00│
│固定资产净额 │ 6366921.00│ 6350852.00│ 6418054.00│ 6132633.00│ 6612822.00│ 5683330.00│
│在建工程 │ 586141.00│ 586459.00│ 557531.00│ 498372.00│ 478612.00│ 447743.00│
│无形资产 │ 722920.00│ 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 │ 9662665.00│ 9635607.00│ 9576475.00│ 9102968.00│ 9741426.00│ 8810024.00│
│资产总计 │ 13912141.00│ 13528430.00│ 13248750.00│ 13457350.00│ 13619744.00│ 12793392.00│
│应付票据及应付账款 │ 836087.00│ 1002776.00│ 1086651.00│ 1148429.00│ 1134167.00│ 1316258.00│
│预收款项 │ ---│ ---│ ---│ ---│ ---│ ---│
│合同负债 │ 1342399.00│ 1429062.00│ 1449375.00│ 1495238.00│ 1742053.00│ 1651456.00│
│流动负债 │ 5648159.00│ 5173258.00│ 4337317.00│ 4603225.00│ 4866806.00│ 5539310.00│
│长期借款 │ 459506.00│ 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 │ 1871404.00│ 2025445.00│ 2857072.00│ 3000460.00│ 3596716.00│ 2637528.00│
│负债合计 │ 7519563.00│ 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 │ 21156.00│ 17866.00│ 12180.00│ 15160.00│ 19396.00│ 285538.00│
│盈余公积 │ 62043.00│ 62620.00│ 49843.00│ 51590.00│ 33111.00│ 22415.00│
│未分配利润 │ 2099741.00│ 2032581.00│ 1989346.00│ 1847301.00│ 1344725.00│ 854115.00│
│少数股东权益 │ 3972918.00│ 3865029.00│ 3707635.00│ 3488183.00│ 3398410.00│ 3133232.00│
│归属母公司权益 │ 2419660.00│ 2464698.00│ 2346726.00│ 2365482.00│ 1757812.00│ 1483322.00│
│股东权益合计 │ 6392578.00│ 6329727.00│ 6054361.00│ 5853665.00│ 5156222.00│ 4616554.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│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 │ 1683587.00│ 1578135.00│ 1649732.00│ 1361863.00│ 1541569.00│ 1343522.00│
│存货 │ 171765.00│ 245574.00│ 277668.00│ 151070.00│ 169520.00│ 232524.00│
│应收票据及应收账款 │ 542919.00│ 499854.00│ 541162.00│ 556021.00│ 632267.00│ 664852.00│
│合同资产 │ 211198.00│ 198449.00│ 221255.00│ 198322.00│ 218184.00│ 210858.00│
│预付款项 │ 364709.00│ 367959.00│ 403242.00│ 319256.00│ 346781.00│ 366106.00│
│其他应收款 │ 138267.00│ 128701.00│ 143971.00│ 158549.00│ 145875.00│ 127833.00│
│流动资产合计 │ 4249476.00│ 3892823.00│ 4069760.00│ 3599298.00│ 3938332.00│ 3672275.00│
│可出售金融资产 │ ---│ ---│ ---│ ---│ ---│ ---│
│长期股权投资 │ 822971.00│ 804344.00│ 803800.00│ 793674.00│ 789426.00│ 779433.00│
│固定资产净额 │ 6366921.00│ 6350852.00│ 6280082.00│ 6195108.00│ 6454014.00│ 6418054.00│
│在建工程 │ 586141.00│ 586459.00│ 616452.00│ 631058.00│ 592937.00│ 557531.00│
│无形资产 │ 722920.00│ 733008.00│ 718972.00│ 732922.00│ 761930.00│ 773885.00│
│商誉 │ 52622.00│ 52622.00│ 52622.00│ 52622.00│ 54536.00│ 54536.00│
│非流动资产合计 │ 9662665.00│ 9635607.00│ 9594537.00│ 9544418.00│ 9640722.00│ 9576475.00│
│资产总计 │ 13912141.00│ 13528430.00│ 13664297.00│ 13143716.00│ 13579054.00│ 13248750.00│
│应付票据及应付账款 │ 836087.00│ 1002776.00│ 947026.00│ 992888.00│ 1030070.00│ 1086651.00│
│预收款项 │ ---│ ---│ ---│ ---│ ---│ ---│
│合同负债 │ 1342399.00│ 1429062.00│ 1346965.00│ 1264211.00│ 1355143.00│ 1449375.00│
│流动负债 │ 5648159.00│ 5173258.00│ 5351089.00│ 4852980.00│ 4418614.00│ 4337317.00│
│长期借款 │ 459506.00│ 517968.00│ 630132.00│ 701292.00│ 804774.00│ 759508.00│
│长期应付款 │ 6337.00│ 6630.00│ 6630.00│ 6922.00│ ---│ ---│
│非流动负债 │ 1871404.00│ 2025445.00│ 2142840.00│ 2244241.00│ 2903085.00│ 2857072.00│
│负债合计 │ 7519563.00│ 7198703.00│ 7493929.00│ 7097221.00│ 7321699.00│ 7194389.00│
│实收资本 │ 309579.00│ 309709.00│ 309709.00│ 309709.00│ 309709.00│ 309709.00│
│资本公积金 │ 21156.00│ 17866.00│ 15046.00│ 15835.00│ 12436.00│ 12180.00│
│盈余公积 │ 62043.00│ 62620.00│ 36424.00│ 33786.00│ 33761.00│ 49843.00│
│未分配利润 │ 2099741.00│ 2032581.00│ 1957930.00│ 1911732.00│ 2086990.00│ 1989346.00│
│少数股东权益 │ 3972918.00│ 3865029.00│ 3797205.00│ 3733825.00│ 3786903.00│ 3707635.00│
│归属母公司权益 │ 2419660.00│ 2464698.00│ 2373163.00│ 2312670.00│ 2470452.00│ 2346726.00│
│股东权益合计 │ 6392578.00│ 6329727.00│ 6170368.00│ 6046495.00│ 6257355.00│ 6054361.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【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 │ 3115958.00│ 13150669.00│ 13591010.00│ 14384188.00│ 15416881.00│ 11603099.00│
│营业总成本 │ 2884257.00│ 12025308.00│ 12474126.00│ 13250627.00│ 14127096.00│ 10391720.00│
│营业税金及附加 │ 9426.00│ 39625.00│ 39951.00│ 54371.00│ 78411.00│ 63484.00│
│销售费用 │ 41695.00│ 155535.00│ 151187.00│ 142868.00│ 148501.00│ 144589.00│
│财务费用 │ 2272.00│ 47967.00│ 112075.00│ 165060.00│ 293320.00│ 50504.00│
│管理费用 │ 88093.00│ 403406.00│ 395771.00│ 420250.00│ 412141.00│ 376355.00│
│资产减值损失 │ -1982.00│ -46815.00│ -29961.00│ -206885.00│ -24287.00│ -45016.00│
│公允价值变动净收益 │ -49239.00│ -24457.00│ -35213.00│ -147905.00│ 116912.00│ 45650.00│
│投资收益 │ 51700.00│ 148937.00│ 184377.00│ 792202.00│ 84651.00│ 117887.00│
│营业利润 │ 233813.00│ 1181768.00│ 1250492.00│ 1579240.00│ 1470466.00│ 1352959.00│
│营业外收入 │ 2481.00│ 10012.00│ 30514.00│ 16494.00│ 9850.00│ 16457.00│
│营业外支出 │ 3038.00│ 20709.00│ 17410.00│ 19115.00│ 12637.00│ 22771.00│
│利润总额 │ 233256.00│ 1171071.00│ 1263596.00│ 1576619.00│ 1467679.00│ 1346645.00│
│所得税 │ 57882.00│ 172610.00│ 269216.00│ 323606.00│ 360272.00│ 293600.00│
│净利润 │ 175374.00│ 998461.00│ 994380.00│ 1253013.00│ 1107407.00│ 1053045.00│
│归属母公司净利润 │ 65498.00│ 468132.00│ 449318.00│ 709111.00│ 584391.00│ 410165.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│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 │ 3115958.00│ 13150669.00│ 9589262.00│ 6601493.00│ 3373959.00│ 13591010.00│
│营业总成本 │ 2884257.00│ 12025308.00│ 8764992.00│ 6007408.00│ 3154240.00│ 12474126.00│
│营业税金及附加 │ 9426.00│ 39625.00│ 28869.00│ 19974.00│ 10514.00│ 39951.00│
│销售费用 │ 41695.00│ 155535.00│ 116623.00│ 76645.00│ 43325.00│ 151187.00│
│财务费用 │ 2272.00│ 47967.00│ 41316.00│ 35237.00│ 18066.00│ 112075.00│
│管理费用 │ 88093.00│ 403406.00│ 291954.00│ 203415.00│ 93440.00│ 395771.00│
│资产减值损失 │ -1982.00│ -46815.00│ -17291.00│ -16494.00│ -1367.00│ -29961.00│
│公允价值变动净收益 │ -49239.00│ -24457.00│ -29447.00│ -31591.00│ -6542.00│ -35213.00│
│投资收益 │ 51700.00│ 148937.00│ 112094.00│ 64017.00│ 22473.00│ 184377.00│
│营业利润 │ 233813.00│ 1181768.00│ 876760.00│ 598022.00│ 237987.00│ 1250492.00│
│营业外收入 │ 2481.00│ 10012.00│ 7838.00│ 5439.00│ 5400.00│ 30514.00│
│营业外支出 │ 3038.00│ 20709.00│ 10286.00│ 7027.00│ 2469.00│ 17410.00│
│利润总额 │ 233256.00│ 1171071.00│ 874312.00│ 596434.00│ 240918.00│ 1263596.00│
│所得税 │ 57882.00│ 172610.00│ 168585.00│ 126305.00│ 58953.00│ 269216.00│
│净利润 │ 175374.00│ 998461.00│ 705727.00│ 470129.00│ 181965.00│ 994380.00│
│归属母公司净利润 │ 65498.00│ 468132.00│ 342580.00│ 240764.00│ 97643.00│ 449318.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【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 │ 3826685.00│ 17036452.00│ 17144923.00│ 17874869.00│ 18264704.00│ 13353547.00│
│经营活动现金流出 │ 3825740.00│ 15609801.00│ 15728707.00│ 16498924.00│ 16764126.00│ 12002509.00│
│经营活动现金流量净额│ 945.00│ 1426651.00│ 1416216.00│ 1375945.00│ 1500578.00│ 1351038.00│
│投资活动现金流入 │ 2051127.00│ 4183585.00│ 3282301.00│ 2266186.00│ 1351243.00│ 1395499.00│
│投资活动现金流出 │ 2535317.00│ 4779923.00│ 3972862.00│ 2033064.00│ 2039352.00│ 2199610.00│
│投资活动现金流量净额│ -484190.00│ -596338.00│ -690561.00│ 233122.00│ -688109.00│ -804111.00│
│筹资活动现金流入 │ 1370580.00│ 2863127.00│ 2558304.00│ 2294647.00│ 2536905.00│ 3095235.00│
│筹资活动现金流出 │ 954516.00│ 3359659.00│ 3630310.00│ 3122493.00│ 3502121.00│ 3565375.00│
│筹资活动现金流量净额│ 416064.00│ -496532.00│ -1072006.00│ -827846.00│ -965216.00│ -470140.00│
│汇率变动对现金的影响│ -8245.00│ -13469.00│ 5097.00│ 901.00│ 6960.00│ -5128.00│
│现金及等价物净增加额│ -75426.00│ 320312.00│ -341254.00│ 782122.00│ -145787.00│ 71659.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
┌──────────┬──────┬──────┬──────┬──────┬──────┬──────┐
│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 │ 3826685.00│ 17036452.00│ 12366397.00│ 8334566.00│ 4089082.00│ 17144923.00│
│经营活动现金流出 │ 3825740.00│ 15609801.00│ 11711251.00│ 7777227.00│ 4031432.00│ 15728707.00│
│经营活动现金流量净额│ 945.00│ 1426651.00│ 655146.00│ 557339.00│ 57650.00│ 1416216.00│
│投资活动现金流入 │ 2051127.00│ 4183585.00│ 2782141.00│ 1224045.00│ 281431.00│ 3282301.00│
│投资活动现金流出 │ 2535317.00│ 4779923.00│ 3426316.00│ 1661235.00│ 719906.00│ 3972862.00│
│投资活动现金流量净额│ -484190.00│ -596338.00│ -644175.00│ -437190.00│ -438475.00│ -690561.00│
│筹资活动现金流入 │ 1370580.00│ 2863127.00│ 2441963.00│ 1079666.00│ 948605.00│ 2558304.00│
│筹资活动现金流出 │ 954516.00│ 3359659.00│ 2355083.00│ 1214255.00│ 561886.00│ 3630310.00│
│筹资活动现金流量净额│ 416064.00│ -496532.00│ 86880.00│ -134589.00│ 386719.00│ -1072006.00│
│汇率变动对现金的影响│ -8245.00│ -13469.00│ -6735.00│ 6442.00│ 4133.00│ 5097.00│
│现金及等价物净增加额│ -75426.00│ 320312.00│ 91116.00│ -7998.00│ 10027.00│ -341254.00│
└──────────┴──────┴──────┴──────┴──────┴──────┴──────┘
【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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