|
截至 3 个月 |
2025年6月30日 |
|
2025年3月31日 |
|
2024年12月31日 |
|
2024年9月30日 |
|
2024年6月30日 |
|
2024年3月3日 |
|
2023年12月31日 |
|
2023年9月30日 |
|
2023年6月30日 |
|
2023年3月31日 |
|
2022年12月31日 |
|
2022年9月30日 |
|
2022年6月30日 |
|
2022年3月31日 |
|
2021年12月31日 |
|
2021年9月30日 |
|
2021年6月30日 |
|
2021年3月31日 |
|
2020年12月31日 |
|
2020年9月30日 |
|
2020年6月30日 |
|
2020年3月31日 |
|
|
产品销售 |
72.06% | |
71.86% | |
74.18% | |
73.21% | |
73.84% | |
74.09% | |
74.06% | |
63.99% | |
73.22% | |
74.28% | |
76.81% | |
75.25% | |
75.14% | |
75.48% | |
76.84% | |
76.06% | |
76.69% | |
76.48% | |
78.67% | |
77.77% | |
76.58% | |
71.88% | |
|
服务销售 |
27.94% | |
28.14% | |
25.82% | |
26.79% | |
26.16% | |
25.91% | |
25.94% | |
36.01% | |
26.78% | |
25.72% | |
23.19% | |
24.75% | |
24.86% | |
24.52% | |
23.16% | |
23.94% | |
23.31% | |
23.52% | |
21.33% | |
22.23% | |
23.42% | |
28.13% | |
|
净销售额 |
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
|
销售成本、产品 |
-60.19% | |
-60.49% | |
-62.85% | |
-61.41% | |
-64.02% | |
-63.28% | |
-61.96% | |
-68.99% | |
-60.55% | |
-62.16% | |
-63.97% | |
-61.90% | |
-61.54% | |
-62.48% | |
-63.53% | |
-63.50% | |
-62.95% | |
-65.40% | |
-70.44% | |
-69.99% | |
-68.42% | |
-58.35% | |
|
销售、服务成本 |
-19.54% | |
-19.24% | |
-17.56% | |
-18.51% | |
-17.83% | |
-18.28% | |
-17.92% | |
-25.71% | |
-18.72% | |
-17.11% | |
-16.32% | |
-17.53% | |
-17.26% | |
-17.43% | |
-16.36% | |
-17.23% | |
-16.74% | |
-16.81% | |
-16.44% | |
-18.19% | |
-18.45% | |
-17.10% | |
|
销售成本 |
-79.72% |
|
-79.73% |
|
-80.41% |
|
-79.92% |
|
-81.85% |
|
-81.55% |
|
-79.88% |
|
-94.70% |
|
-79.27% |
|
-79.27% |
|
-80.29% |
|
-79.43% |
|
-78.80% |
|
-79.92% |
|
-79.89% |
|
-80.73% |
|
-79.69% |
|
-82.20% |
|
-86.89% |
|
-88.18% |
|
-86.86% |
|
-75.46% |
|
|
毛利率 |
20.28% |
|
20.27% |
|
19.59% |
|
20.08% |
|
18.15% |
|
18.45% |
|
20.12% |
|
5.30% |
|
20.73% |
|
20.73% |
|
19.71% |
|
20.57% |
|
21.20% |
|
20.08% |
|
20.11% |
|
19.27% |
|
20.31% |
|
17.80% |
|
13.11% |
|
11.82% |
|
13.14% |
|
24.54% |
|
|
研究与开发 |
-3.23% | |
-3.14% | |
-3.74% | |
-3.74% | |
-3.58% | |
-3.47% | |
-3.80% | |
-5.29% | |
-3.98% | |
-3.53% | |
-3.96% | |
-3.91% | |
-4.28% | |
-4.04% | |
-4.75% | |
-4.17% | |
-4.14% | |
-3.86% | |
-4.32% | |
-4.35% | |
-4.94% | |
-4.71% | |
|
销售、一般和行政 |
-7.29% | |
-7.13% | |
-7.28% | |
-6.91% | |
-7.35% | |
-7.22% | |
-6.90% | |
-10.41% | |
-8.93% | |
-8.12% | |
-7.62% | |
-8.21% | |
-8.73% | |
-9.35% | |
-8.26% | |
-7.58% | |
-8.61% | |
-8.00% | |
-8.23% | |
-9.50% | |
-12.88% | |
-8.60% | |
|
商誉减值 |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
-22.64% | |
0.00% | |
|
其他收入(支出),净额 |
0.19% | |
0.02% | |
1.19% | |
0.67% | |
-4.54% | |
1.93% | |
-0.15% | |
0.02% | |
0.14% | |
0.51% | |
0.16% | |
0.27% | |
0.10% | |
0.18% | |
0.64% | |
0.76% | |
0.52% | |
0.71% | |
0.30% | |
4.98% | |
0.58% | |
0.17% | |
|
营业利润(亏损) |
9.94% |
|
10.02% |
|
9.76% |
|
10.10% |
|
2.68% |
|
9.69% |
|
9.27% |
|
-10.37% |
|
7.96% |
|
9.60% |
|
8.30% |
|
8.73% |
|
8.29% |
|
6.87% |
|
7.74% |
|
8.28% |
|
8.07% |
|
6.64% |
|
0.86% |
|
2.94% |
|
-26.74% |
|
11.40% |
|
|
非服务性养恤金收入 |
1.63% | |
1.80% | |
1.78% | |
1.86% | |
1.90% | |
2.00% | |
2.24% | |
3.29% | |
2.44% | |
2.58% | |
2.58% | |
2.76% | |
2.91% | |
3.05% | |
2.77% | |
3.03% | |
3.09% | |
3.22% | |
1.49% | |
1.72% | |
1.69% | |
1.48% | |
|
债务清偿费用 |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
-3.81% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
|
利息支出,净额 |
-2.12% | |
-2.18% | |
-2.25% | |
-2.47% | |
-2.41% | |
-2.10% | |
-2.45% | |
-2.74% | |
-1.82% | |
-1.83% | |
-1.76% | |
-1.83% | |
-2.02% | |
-2.02% | |
-1.62% | |
-2.21% | |
-2.15% | |
-2.27% | |
-2.13% | |
-2.37% | |
-2.38% | |
-2.92% | |
|
营业外收入(费用)净额 |
-0.49% |
|
-0.38% |
|
-0.47% |
|
-0.61% |
|
-0.51% |
|
-0.10% |
|
-0.21% |
|
0.55% |
|
0.62% |
|
0.75% |
|
0.82% |
|
0.93% |
|
0.89% |
|
1.03% |
|
-2.66% |
|
0.82% |
|
0.93% |
|
0.95% |
|
-0.64% |
|
-0.66% |
|
-0.70% |
|
-1.44% |
|
|
持续经营业务所得税前收入(亏损) |
9.45% |
|
9.64% |
|
9.29% |
|
9.49% |
|
2.17% |
|
9.59% |
|
9.06% |
|
-9.82% |
|
8.58% |
|
10.35% |
|
9.12% |
|
9.66% |
|
9.18% |
|
7.90% |
|
5.09% |
|
9.10% |
|
9.01% |
|
7.59% |
|
0.23% |
|
2.29% |
|
-27.44% |
|
9.96% |
|
|
所得税(费用)福利 |
-1.46% | |
-1.64% | |
-2.08% | |
-1.85% | |
-1.28% | |
-0.56% | |
-1.67% | |
2.89% | |
-1.16% | |
-1.74% | |
-1.01% | |
-1.43% | |
-0.98% | |
-0.74% | |
-0.56% | |
-0.02% | |
-2.15% | |
-2.26% | |
1.08% | |
-1.03% | |
0.27% | |
-5.63% | |
|
来自持续经营业务的净收入(亏损) |
7.99% |
|
8.00% |
|
7.21% |
|
7.64% |
|
0.89% |
|
9.03% |
|
7.39% |
|
-6.93% |
|
7.42% |
|
8.60% |
|
8.11% |
|
8.23% |
|
8.20% |
|
7.16% |
|
4.52% |
|
9.09% |
|
6.85% |
|
5.33% |
|
1.31% |
|
1.25% |
|
-27.17% |
|
4.33% |
|
|
来自已终止经营业务的净收益(亏损) |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
-0.12% | |
0.01% | |
-0.04% | |
-0.05% | |
-0.12% | |
-0.07% | |
0.77% | |
0.06% | |
-4.21% | |
|
净利润(亏损) |
7.99% |
|
8.00% |
|
7.21% |
|
7.64% |
|
0.89% |
|
9.03% |
|
7.39% |
|
-6.93% |
|
7.42% |
|
8.60% |
|
8.11% |
|
8.23% |
|
8.20% |
|
7.04% |
|
4.53% |
|
9.04% |
|
6.80% |
|
5.21% |
|
1.24% |
|
2.02% |
|
-27.10% |
|
0.12% |
|
|
子公司收益中的非控制性权益 |
-0.32% | |
-0.44% | |
-0.36% | |
-0.31% | |
-0.32% | |
-0.18% | |
-0.24% | |
-0.38% | |
-0.17% | |
-0.32% | |
-0.25% | |
-0.05% | |
-0.21% | |
-0.15% | |
-0.50% | |
-0.45% | |
-0.30% | |
-0.27% | |
-0.42% | |
-0.23% | |
-0.17% | |
-0.85% | |
|
归属于普通股股东的净收益(亏损) |
7.68% |
|
7.56% |
|
6.85% |
|
7.33% |
|
0.56% |
|
8.85% |
|
7.16% |
|
-7.31% |
|
7.25% |
|
8.28% |
|
7.86% |
|
8.18% |
|
7.99% |
|
6.90% |
|
4.02% |
|
8.59% |
|
6.50% |
|
4.94% |
|
0.82% |
|
1.79% |
|
-27.27% |
|
-0.73% |
|
根据报告:
10-Q (报告日期: 2025-06-30), 10-Q (报告日期: 2025-03-31), 10-K (报告日期: 2024-12-31), 10-Q (报告日期: 2024-09-30), 10-Q (报告日期: 2024-06-30), 10-Q (报告日期: 2024-03-03), 10-K (报告日期: 2023-12-31), 10-Q (报告日期: 2023-09-30), 10-Q (报告日期: 2023-06-30), 10-Q (报告日期: 2023-03-31), 10-K (报告日期: 2022-12-31), 10-Q (报告日期: 2022-09-30), 10-Q (报告日期: 2022-06-30), 10-Q (报告日期: 2022-03-31), 10-K (报告日期: 2021-12-31), 10-Q (报告日期: 2021-09-30), 10-Q (报告日期: 2021-06-30), 10-Q (报告日期: 2021-03-31), 10-K (报告日期: 2020-12-31), 10-Q (报告日期: 2020-09-30), 10-Q (报告日期: 2020-06-30), 10-Q (报告日期: 2020-03-31).
从该分析周期内的财务数据可以观察到,公司的产品销售比例总体呈现出一定的波动,但整体略有下降趋势。例如,产品销售在2020年第三季度达到约77.77%的高点后,逐渐下降至2023年第三季度的约63.99%,而后略有回升。相应地,服务销售比例从2020年初的约28.13%逐步上升至2023年末的接近27.94%,显示服务业务在总销售中的占比逐渐增加。
毛利率在整个期间内表现出较大幅度波动。如2020年第二季度出现较低的13.14%,随后在2021年达到20%以上的稳定水平,之后在2023年出现明显的下降至5.3%的低点,随后回升至接近20%的水平。这表明,毛利的波动可能受到销售结构变化、成本控制效果或市场环境变化的影响。此外,销售成本比例整体偏高,2023年末维持在约79%左右,显示成本压力仍然较大。
运营成本方面,研究与开发和销售、行政成本在各个时期内都保持在较稳定的百分比范围内,显示公司在研发和行政管理上的投入较为稳定。特别是研发投入,一直占比在约3%至5%之间,反映出公司持续在技术创新方面投入资源。而销售与行政成本大致保持在7%至10%之间,表明管理成本未出现显著变化。
公司曾经历过数次盈利波动。2020年第二季度出现亏损,亏损幅度高达约27.1%,而在2021年及之后多个季度展现出盈利状态,利润占比普遍在8%左右。值得注意的是,2023年第一季度出现较大亏损,亏损比例达到约6.93%,但随后在其他季度恢复盈利。这种波动可能与市场环境、成本变动或一次性事项有关,特别是在2023年某些季度毛利率显著下降,可能影响了盈利能力。
税前利润表现出与净利润类似的走势。在盈利期和亏损期交替出现的背景下,财务状况显示出一定的不稳定性。非经营性收入所占比例较低且波动有限,但在某些季度略有增加,可能是投资收益或其他非主营业务的贡献增加,部分缓解了利润压力。
从负债及财务费用角度来看,利息支出一直保持在1.8%至2.7%的范围内,显示公司负债结构较为稳定。债务清偿相关费用在少数季度出现,未成为主要负担。收入结构方面,非控制性权益和归属于普通股股东的净收益表现出一定的波动,尤其在2020年第二季度出现大幅亏损,此后逐步改善,但仍存在一定的不确定性和波动性,反映出公司股东权益的承受风险仍需关注。
综上所述,该公司在过去的观察期间内表现出销售结构逐步由产品向服务转变的趋势,但期间盈利能力存在明显波动。毛利率的波动、成本控制压力、盈亏的反复变换,强调需要加强成本管理和市场适应能力。未来应持续关注成本结构变化、市场环境影响及在优化利润的基础上实现稳定增长的战略落实情况。整体来看,公司财务表现具有一定的韧性,但风险仍然存在,管理层应审慎应对潜在的不确定因素。