财务数据
金额单位：亿元；每股数据：元；股数：亿股。* 为推导值（如第四季度 = 全年 − 前三季度；半年报公司的下半年 = 全年 − 上半年），悬停任一数字可查看来源（XBRL 标签 / PDF 页码 / 计算公式）。
年度营收（亿元）
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| FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|
| 营业收入 | 5,546 | 6,090 | 6,603 | 7,518 |
年度利润（亿元）
营业利润归母净利润
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| FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|
| 营业利润 | 1,108 | 1,601 | 2,081 | 2,416 |
| 归母净利润 | 1,882 | 1,152 | 1,941 | 2,248 |
市盈率对比：表观 vs 实际（倍，按当前市值折算）
表观市盈率（账面口径）实际市盈率（主业口径）
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| FY22 | FY23 | FY24 | FY25 | TTM | |
|---|---|---|---|---|---|
| 表观市盈率（账面口径） | 16.2x | 26.4x | 15.7x | 13.5x | 12.9x |
| 实际市盈率（主业口径） | 30.7x | 26.6x | 18.2x | 15.6x | 14.5x |
最新滚动 12 个月（FY2025Q3–FY2026Q2）：总市值 30,415.4 亿元；账面归母净利润 2,355.1 亿元 → 表观市盈率 12.9x；剔除税后非主业净收益 262.4 亿元（投资/股权及利息等营业外收支税前 315.3 亿，有效税率 16.8%）后，实际主业盈利 2,092.7 亿元 → 实际市盈率 14.5x（表观市盈率被非主业收益拉低 1.6x）。
年度账面盈利 vs 实际主业盈利（亿元，含 TTM）
账面归母净利润实际主业盈利
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| FY22 | FY23 | FY24 | FY25 | TTM | |
|---|---|---|---|---|---|
| 账面归母净利润 | 1,882 | 1,152 | 1,941 | 2,248 | 2,355 |
| 实际主业盈利 | 990.2 | 1,143 | 1,669 | 1,953 | 2,093 |
年度利润率
毛利率营业利润率税后营业利润率净利率
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| FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|
| 毛利率 | 43.1% | 48.1% | 52.9% | 56.2% |
| 营业利润率 | 20.0% | 26.3% | 31.5% | 32.1% |
| 税后营业利润率 | 17.9% | 19.2% | 25.6% | 26.6% |
| 净利率 | 34.0% | 19.4% | 29.8% | 30.6% |
净利率受营业外收支影响大（营业外收支占税前利润：FY22 47.3%），这部分（投资收益、公允价值变动、利息等）不反映主业；看经营盈利用税后营业利润率（营业利润按当期有效税率扣税后 ÷ 营收）。
资本开支与自由现金流（亿元）
资本开支自由现金流
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| FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|
| 资本开支 | 180.1 | 238.9 | 767.6 | 792.0 |
| 自由现金流 | 1,281 | 1,981 | 1,818 | 2,239 |
年度ROE 与 ROIC
ROEROIC三年增量 ROIC
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| FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|
| ROE | 26.1% | 15.1% | 21.8% | 21.1% |
| ROIC | 11.3% | 12.6% | 15.1% | 14.9% |
| 三年增量 ROIC | 21.4% |
FY2025 ROIC 14.9% = 税后营业利润（NOPAT）2,002.2 亿元 ÷ 投入资本 13,476.8 亿元（杜邦拆解：税后营业利润率 26.6% × 投入资本周转率 0.56x）；三年增量 ROIC 21.4%。
年度税后营业利润（NOPAT）与投入资本（亿元）
税后营业利润（NOPAT）投入资本
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| FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|
| 税后营业利润（NOPAT） | 994.8 | 1,171 | 1,693 | 2,002 |
| 投入资本 | 8,770 | 9,292 | 11,181 | 13,477 |
| 科目 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| 利润表 | ||||
| 营业收入IS_REVENUE | 5,545.5 | 6,090.2 | 6,602.6 | 7,517.7 |
| 营业成本IS_COGS | 3,158.1 | 3,159.1 | 3,110.1 | 3,291.7 |
| 毛利IS_GROSS_PROFIT | 2,387.5 | 2,931.1 | 3,492.5 | 4,225.9 |
| 销售及管理费用IS_SGA | 292.3 | 342.1 | 363.9 | 417.3 |
| 营业利润IS_OPERATING_PROFIT | 1,108.3 | 1,600.7 | 2,081.0 | 2,415.6 |
| 税前利润IS_PRETAX_PROFIT | 2,102.2 | 1,613.2 | 2,414.8 | 2,772.5 |
| 所得税IS_TAX | 215.2 | 432.8 | 450.2 | 474.5 |
| 净利润IS_NET_PROFIT | 1,887.1 | 1,180.5 | 1,964.7 | 2,298.0 |
| 归母净利润IS_NET_PROFIT_PARENT | 1,882.4 | 1,152.2 | 1,940.7 | 2,248.4 |
| 基本每股收益IS_EPS_BASIC | 19.76 | 12.19 | 20.94 | 24.75 |
| 摊薄每股收益IS_EPS_DILUTED | 19.34 | 11.89 | 20.49 | 24.15 |
| 基本加权股数IS_SHARES_BASIC | 95.28 | 94.55 | 92.69 | 90.85 |
| 摊薄加权股数IS_SHARES_DILUTED | 96.95 | 96.10 | 94.08 | 92.44 |
| 资产负债表 | ||||
| 总资产BS_TOTAL_ASSETS | 15,781.3 | 15,772.5 | 17,810.0 | 20,389.9 |
| 现金及等价物BS_CASH | 1,567.4 | 1,723.2 | 1,325.2 | 1,410.4 |
| 短期投资（有价证券/定期存款）BS_ST_INVESTMENTS | 1,331.1 | 2,152.8 | 2,705.8 | 3,071.0 |
| 应收账款BS_AR | 454.7 | 466.1 | 482.0 | 499.3 |
| 存货BS_INVENTORY | 23.3 | 4.6 | 4.4 | 5.3 |
| 固定资产净值BS_PPE_NET | 539.8 | 532.3 | 801.8 | 1,499.0 |
| 在建工程BS_CIP | 92.3 | 135.8 | 123.0 | 96.7 |
| 长期股权及金融资产投资BS_EQUITY_INVESTMENTS | 6,720.1 | 7,016.6 | 8,176.9 | 9,572.2 |
| 总负债BS_TOTAL_LIABILITIES | 7,952.7 | 7,035.6 | 7,271.0 | 7,979.2 |
| 一年内到期借款BS_ST_DEBT | 220.3 | 557.0 | 615.1 | 531.6 |
| 应付账款BS_AP | 923.8 | 1,009.5 | 1,187.1 | 1,211.3 |
| 长期借款BS_LT_DEBT | 3,123.4 | 2,929.2 | 2,771.1 | 3,345.7 |
| 股东权益BS_TOTAL_EQUITY | 7,213.9 | 8,085.9 | 9,735.5 | 11,541.5 |
| 少数股东权益BS_MINORITY_INTEREST | 614.7 | 650.9 | 803.5 | 869.1 |
| 现金流量表 | ||||
| 经营活动现金流CF_OPERATING | 1,460.9 | 2,219.6 | 2,585.2 | 3,030.5 |
| 折旧摊销CF_DEPRECIATION | 612.2 | 590.1 | 562.1 | 660.3 |
| 股权激励费用CF_SBC | 249.5 | 210.7 | 207.0 | 256.6 |
| 投资活动现金流CF_INVESTING | -1,048.7 | -1,251.6 | -1,221.9 | -2,057.3 |
| 资本开支CF_CAPEX | 180.1 | 238.9 | 767.6 | 792.0 |
| 筹资活动现金流CF_FINANCING | -599.5 | -825.7 | -1,764.9 | -871.6 |
| 汇率变动对现金的影响CF_FX | 75.1 | 13.5 | 3.6 | -16.4 |
| 期初现金CF_OPENING_CASH | 1,679.7 | 1,567.4 | 1,723.2 | 1,325.2 |
| 期末现金CF_ENDING_CASH | 1,567.4 | 1,723.2 | 1,325.2 | 1,410.4 |
| 财务指标 | ||||
| 毛利率GROSS_MARGIN | 43.1% | 48.1% | 52.9% | 56.2% |
| 营业利润率OPERATING_MARGIN | 20.0% | 26.3% | 31.5% | 32.1% |
| 净利率NET_MARGIN | 34.0% | 19.4% | 29.8% | 30.6% |
| 税后营业利润NOPAT | 994.8 | 1,171.3 | 1,693.0 | 2,002.2 |
| 税后营业利润率NOPAT_MARGIN | 17.9% | 19.2% | 25.6% | 26.6% |
| 投入资本INVESTED_CAPITAL | 8,769.9 | 9,291.9 | 11,181.4 | 13,476.8 |
| 投入资本周转率CAPITAL_TURNOVER | 0.63 | 0.66 | 0.59 | 0.56 |
| ROEROE | 26.1% | 15.1% | 21.8% | 21.1% |
| ROICROIC | 11.3% | 12.6% | 15.1% | 14.9% |
| 三年增量 ROICINCREMENTAL_ROIC_3Y | 21.4% | |||
| 资产负债率DEBT_RATIO | 50.4% | 44.6% | 40.8% | 39.1% |
| 经营现金流/净利润OCF_TO_PROFIT | 77.4% | 188.0% | 131.6% | 131.9% |
| 应计比率ACCRUAL_RATIO | 2.7% | -6.6% | -3.5% | -3.6% |
| 营业外收支/税前利润NONOP_TO_PRETAX | 47.3% | 0.8% | 13.8% | 12.9% |
| 自由现金流FCF | 1,280.8 | 1,980.7 | 1,817.6 | 2,238.5 |
| 自由现金流利润率FCF_MARGIN | 23.1% | 32.5% | 27.5% | 29.8% |
| 股权激励/营收SBC_TO_REVENUE | 4.5% | 3.5% | 3.1% | 3.4% |
| 扣股权激励自由现金流FCF_AFTER_SBC | 1,031.3 | 1,770.0 | 1,610.6 | 1,981.9 |
| 资本开支/折旧摊销CAPEX_TO_DA | 0.29 | 0.40 | 1.37 | 1.20 |
| 在建工程/固定资产净值CIP_TO_PPE | 17.1% | 25.5% | 15.3% | 6.5% |
| 固定资产周转率PPE_TURNOVER | 10.27 | 11.44 | 8.23 | 5.01 |
| 总资产周转率ASSET_TURNOVER | 0.35 | 0.39 | 0.39 | 0.39 |
| 权益乘数EQUITY_MULTIPLIER | 2.19 | 2.06 | 1.88 | 1.80 |
| 应收周转天数DSO | 29.9 | 27.9 | 26.6 | 24.2 |
| 存货周转天数DIO | 2.7 | 0.5 | 0.5 | 0.6 |
| 应付周转天数DPO | 106.8 | 116.6 | 139.3 | 134.3 |
| 现金转换周期CCC | -74.1 | -88.2 | -112.2 | -109.5 |
| 所有者盈余OWNER_EARNINGS | 848.8 | 1,629.5 | 2,023.1 | 2,370.2 |
| 稀释率DILUTION_RATE | 1.8% | 1.6% | 1.5% | 1.8% |
| 摊薄股数同比SHARES_DILUTED_CHANGE | -0.9% | -2.1% | -1.7% | |
| 摊薄 EPS 同比EPS_DILUTED_GROWTH | -38.5% | 72.3% | 17.9% | |
勾稽校验（所示期间）：8 项， 全部通过
季度营收（亿元）
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| 23Q3 | 23Q4 | 24Q1 | 24Q2 | 24Q3 | 24Q4 | 25Q1 | 25Q2 | 25Q3 | 25Q4 | 26Q1 | 26Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 营业收入 | 1,546 | 1,552 | 1,595 | 1,611 | 1,672 | 1,724 | 1,800 | 1,845 | 1,929 | 1,944 | 1,965 | 2,048 |
季度利润（亿元）
营业利润归母净利润
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| 23Q3 | 23Q4 | 24Q1 | 24Q2 | 24Q3 | 24Q4 | 25Q1 | 25Q2 | 25Q3 | 25Q4 | 26Q1 | 26Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 营业利润 | 443.5 | 414.0 | 525.6 | 507.3 | 533.3 | 514.8 | 575.7 | 601.0 | 635.5 | 603.4 | 673.8 | 672.8 |
| 归母净利润 | 361.8 | 270.2 | 418.9 | 476.3 | 532.3 | 513.2 | 478.2 | 556.3 | 631.3 | 582.6 | 580.9 | 560.2 |
滚动 TTM 市盈率对比：表观 vs 实际（倍，按当前市值折算）
表观市盈率（TTM）实际市盈率（TTM）
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| 24Q3 | 24Q4 | 25Q1 | 25Q2 | 25Q3 | 25Q4 | 26Q1 | 26Q2 | |
|---|---|---|---|---|---|---|---|---|
| 表观市盈率（TTM） | 17.9x | 15.7x | 15.2x | 14.6x | 14.0x | 13.5x | 12.9x | 12.9x |
| 实际市盈率（TTM） | 19.6x | 18.2x | 17.8x | 16.9x | 16.2x | 15.6x | 14.8x | 14.5x |
季度账面盈利 vs 实际主业盈利（亿元）
账面归母净利润实际主业盈利
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| 23Q3 | 23Q4 | 24Q1 | 24Q2 | 24Q3 | 24Q4 | 25Q1 | 25Q2 | 25Q3 | 25Q4 | 26Q1 | 26Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 账面归母净利润 | 361.8 | 270.2 | 418.9 | 476.3 | 532.3 | 513.2 | 478.2 | 556.3 | 631.3 | 582.6 | 580.9 | 560.2 |
| 实际主业盈利 | 335.3 | 299.2 | 386.9 | 411.8 | 450.3 | 417.5 | 432.2 | 495.6 | 534.2 | 489.1 | 528.0 | 540.1 |
季度利润率
毛利率营业利润率税后营业利润率净利率
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| 23Q3 | 23Q4 | 24Q1 | 24Q2 | 24Q3 | 24Q4 | 25Q1 | 25Q2 | 25Q3 | 25Q4 | 26Q1 | 26Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 毛利率 | 49.5% | 50.0% | 52.6% | 53.3% | 53.1% | 52.6% | 55.8% | 56.9% | 56.4% | 55.7% | 56.6% | 57.8% |
| 营业利润率 | 28.7% | 26.7% | 33.0% | 31.5% | 31.9% | 29.9% | 32.0% | 32.6% | 33.0% | 31.0% | 34.3% | 32.9% |
| 税后营业利润率 | 22.1% | 19.8% | 24.7% | 26.0% | 27.4% | 24.3% | 25.1% | 27.1% | 28.6% | 25.6% | 27.5% | 27.3% |
| 净利率 | 23.8% | 17.9% | 26.7% | 30.0% | 32.3% | 29.8% | 27.6% | 30.4% | 33.7% | 30.4% | 30.2% | 28.3% |
资本开支与自由现金流（亿元）
资本开支自由现金流
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| 23Q3 | 23Q4 | 24Q1 | 24Q2 | 24Q3 | 24Q4 | 25Q1 | 25Q2 | 25Q3 | 25Q4 | 26Q1 | 26Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 资本开支 | 80.0 | 75.2 | 143.6 | 87.3 | 170.9 | 365.8 | 274.8 | 191.1 | 129.8 | 196.3 | 319.4 | 527.8 |
| 自由现金流 | 570.2 | 464.3 | 579.9 | 453.8 | 609.2 | 174.7 | 494.1 | 552.7 | 723.3 | 468.4 | 694.1 | -0.7 |
季度ROE 与 ROIC
ROEROIC
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| 23Q3 | 23Q4 | 24Q1 | 24Q2 | 24Q3 | 24Q4 | 25Q1 | 25Q2 | 25Q3 | 25Q4 | 26Q1 | 26Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.7% | 3.3% | 4.9% | 5.5% | 5.8% | 5.3% | 4.6% | 5.0% | 5.4% | 5.0% | 5.2% | 4.9% |
| ROIC | 3.7% | 3.3% | 4.1% | 4.2% | 4.4% | 3.7% | 3.9% | 4.0% | 4.1% | 3.7% | 4.4% | 4.3% |
FY2026Q2 ROIC 4.3% = 税后营业利润（NOPAT）559.7 亿元 ÷ 投入资本 12,955.9 亿元（杜邦拆解：税后营业利润率 27.3% × 投入资本周转率 0.63x）。
季度税后营业利润（NOPAT）与投入资本（亿元）
税后营业利润（NOPAT）投入资本
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| 23Q3 | 23Q4 | 24Q1 | 24Q2 | 24Q3 | 24Q4 | 25Q1 | 25Q2 | 25Q3 | 25Q4 | 26Q1 | 26Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 税后营业利润（NOPAT） | 341.3 | 307.4 | 394.5 | 419.2 | 457.8 | 418.9 | 451.2 | 499.8 | 552.3 | 497.4 | 541.0 | 559.7 |
| 投入资本 | 9,125 | 9,292 | 9,717 | 9,917 | 10,460 | 11,181 | 11,675 | 12,549 | 13,402 | 13,477 | 12,421 | 12,956 |
| 科目 | 23Q3 | 23Q4 | 24Q1 | 24Q2 | 24Q3 | 24Q4 | 25Q1 | 25Q2 | 25Q3 | 25Q4 | 26Q1 | 26Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 利润表 | ||||||||||||
| 营业收入IS_REVENUE | 1,546.2 | 1,552.0 | 1,595.0 | 1,611.2 | 1,671.9 | 1,724.5 | 1,800.2 | 1,845.0 | 1,928.7 | 1,943.7 | 1,964.6 | 2,047.8 |
| 营业成本IS_COGS | 781.0 | 776.3 | 756.3 | 752.2 | 783.6 | 817.9 | 795.3 | 794.9 | 840.7 | 860.8 | 851.9 | 863.5 |
| 毛利IS_GROSS_PROFIT | 765.2 | 775.6 | 838.7 | 859.0 | 888.3 | 906.5 | 1,004.9 | 1,050.1 | 1,088.0 | 1,082.9 | 1,112.6 | 1,184.3 |
| 销售及管理费用IS_SGA | 79.1 | 109.7 | 75.4 | 91.6 | 94.1 | 102.8 | 78.7 | 94.1 | 114.7 | 129.8 | 113.4 | 118.7 |
| 营业利润IS_OPERATING_PROFIT | 443.5 | 414.0 | 525.6 | 507.3 | 533.3 | 514.8 | 575.7 | 601.0 | 635.5 | 603.4 | 673.8 | 672.8 |
| 税前利润IS_PRETAX_PROFIT | 477.9 | 375.1 | 568.2 | 585.3 | 628.8 | 632.5 | 634.4 | 674.0 | 747.3 | 716.8 | 739.7 | 696.9 |
| 所得税IS_TAX | 110.1 | 96.6 | 141.7 | 101.7 | 89.0 | 117.8 | 137.2 | 113.5 | 97.8 | 126.0 | 145.8 | 117.1 |
| 净利润IS_NET_PROFIT | 367.8 | 278.5 | 426.5 | 483.7 | 539.8 | 514.7 | 497.2 | 560.4 | 649.4 | 590.9 | 593.9 | 579.8 |
| 归母净利润IS_NET_PROFIT_PARENT | 361.8 | 270.2 | 418.9 | 476.3 | 532.3 | 513.2 | 478.2 | 556.3 | 631.3 | 582.6 | 580.9 | 560.2 |
| 基本每股收益IS_EPS_BASIC | 3.83 | 4.48 | 5.11 | 5.76 | 5.25 | 6.12 | 6.95 | 6.43 | 6.21 | |||
| 摊薄每股收益IS_EPS_DILUTED | 3.75 | 4.39 | 4.99 | 5.64 | 5.13 | 6.00 | 6.78 | 6.30 | 6.10 | |||
| 基本加权股数IS_SHARES_BASIC | 94.52 | 93.52 | 93.18 | 92.38 | 91.06 | 90.97 | 90.81 | 90.33 | 90.25 | |||
| 摊薄加权股数IS_SHARES_DILUTED | 95.97 | 94.84 | 94.45 | 93.60 | 92.61 | 92.47 | 92.32 | 91.73 | 91.53 | |||
| 资产负债表 | ||||||||||||
| 总资产BS_TOTAL_ASSETS | 15,412.3 | 15,772.5 | 16,466.8 | 16,549.7 | 17,233.6 | 17,810.0 | 19,182.8 | 20,133.1 | 20,732.7 | 20,389.9 | 20,513.9 | 21,593.9 |
| 现金及等价物BS_CASH | 1,464.8 | 1,723.2 | 1,610.2 | 1,535.1 | 1,454.7 | 1,325.2 | 2,052.5 | 1,820.6 | 1,599.8 | 1,410.4 | 2,177.7 | 2,069.3 |
| 短期投资（有价证券/定期存款）BS_ST_INVESTMENTS | 2,159.8 | 2,152.8 | 2,721.2 | 2,515.8 | 2,681.3 | 2,705.8 | 2,306.2 | 2,618.5 | 3,048.3 | 3,071.0 | 2,789.4 | 2,670.0 |
| 应收账款BS_AR | 473.3 | 466.1 | 524.1 | 522.5 | 473.4 | 482.0 | 493.1 | 513.2 | 523.6 | 499.3 | 581.2 | 556.1 |
| 存货BS_INVENTORY | 16.8 | 4.6 | 10.6 | 43.9 | 98.2 | 4.4 | 4.3 | 4.4 | 5.5 | 5.3 | 5.8 | 6.8 |
| 固定资产净值BS_PPE_NET | 511.7 | 532.3 | 546.3 | 572.0 | 695.8 | 801.8 | 917.3 | 1,185.6 | 1,404.6 | 1,499.0 | 1,656.7 | 1,989.1 |
| 在建工程BS_CIP | 134.9 | 135.8 | 125.3 | 134.6 | 128.0 | 123.0 | 132.5 | 144.4 | 95.4 | 96.7 | 57.2 | 70.9 |
| 长期股权及金融资产投资BS_EQUITY_INVESTMENTS | 6,898.6 | 7,016.6 | 7,149.5 | 7,401.8 | 7,779.1 | 8,176.9 | 8,886.8 | 9,482.6 | 9,859.3 | 9,572.2 | 8,802.5 | 9,030.7 |
| 总负债BS_TOTAL_LIABILITIES | 7,102.9 | 7,035.6 | 7,299.1 | 7,273.7 | 7,428.5 | 7,271.0 | 7,953.4 | 8,104.6 | 8,127.6 | 7,979.2 | 8,397.6 | 9,368.8 |
| 一年内到期借款BS_ST_DEBT | 605.1 | 557.0 | 685.8 | 588.7 | 511.7 | 615.1 | 534.8 | 715.1 | 628.5 | 531.6 | 545.7 | 862.9 |
| 应付账款BS_AP | 1,119.2 | 1,009.5 | 1,125.2 | 1,212.3 | 1,426.6 | 1,187.1 | 1,254.9 | 1,305.0 | 1,287.5 | 1,211.3 | 1,417.5 | 1,755.8 |
| 长期借款BS_LT_DEBT | 2,905.1 | 2,929.2 | 2,841.6 | 2,845.2 | 2,788.8 | 2,771.1 | 3,323.2 | 3,223.0 | 3,280.8 | 3,345.7 | 3,322.3 | 3,666.7 |
| 股东权益BS_TOTAL_EQUITY | 7,685.1 | 8,085.9 | 8,485.9 | 8,606.8 | 9,125.9 | 9,735.5 | 10,404.5 | 11,146.4 | 11,720.8 | 11,541.5 | 11,276.5 | 11,358.5 |
| 少数股东权益BS_MINORITY_INTEREST | 624.3 | 650.9 | 681.8 | 669.2 | 679.2 | 803.5 | 824.8 | 882.1 | 884.4 | 869.1 | 839.8 | 866.6 |
| 现金流量表 | ||||||||||||
| 经营活动现金流CF_OPERATING | 650.2 | 539.5 | 723.5 | 541.1 | 780.2 | 540.5 | 768.9 | 743.8 | 853.1 | 664.8 | 1,013.5 | 527.1 |
| 折旧摊销CF_DEPRECIATION | 135.0 | 145.6 | 135.7 | 136.5 | 140.4 | 149.5 | 148.5 | 157.8 | 172.9 | 181.0 | 181.0 | 180.6 |
| 股权激励费用CF_SBC | 54.8 | 55.1 | 41.6 | 56.2 | 52.6 | 56.6 | 77.4 | 56.6 | 63.4 | 59.2 | 54.5 | 56.0 |
| 投资活动现金流CF_INVESTING | -324.3 | -80.0 | -679.2 | 224.8 | -337.9 | -429.4 | -295.0 | -429.1 | -755.1 | -578.2 | -105.6 | -641.6 |
| 资本开支CF_CAPEX | 80.0 | 75.2 | 143.6 | 87.3 | 170.9 | 365.8 | 274.8 | 191.1 | 129.8 | 196.3 | 319.4 | 527.8 |
| 筹资活动现金流CF_FINANCING | -252.1 | -197.7 | -155.1 | -842.7 | -515.5 | -251.6 | 248.2 | -549.3 | -306.4 | -264.1 | -121.2 | 26.5 |
| 汇率变动对现金的影响CF_FX | -5.5 | -3.4 | -2.1 | 1.8 | -7.2 | 11.1 | 5.3 | 2.6 | -12.4 | -11.9 | -19.4 | -20.3 |
| 期初现金CF_OPENING_CASH | 1,723.2 | 1,325.2 | 1,410.4 | |||||||||
| 期末现金CF_ENDING_CASH | 1,610.2 | 2,052.5 | 2,177.7 | |||||||||
| 财务指标 | ||||||||||||
| 毛利率GROSS_MARGIN | 49.5% | 50.0% | 52.6% | 53.3% | 53.1% | 52.6% | 55.8% | 56.9% | 56.4% | 55.7% | 56.6% | 57.8% |
| 营业利润率OPERATING_MARGIN | 28.7% | 26.7% | 33.0% | 31.5% | 31.9% | 29.9% | 32.0% | 32.6% | 33.0% | 31.0% | 34.3% | 32.9% |
| 净利率NET_MARGIN | 23.8% | 17.9% | 26.7% | 30.0% | 32.3% | 29.8% | 27.6% | 30.4% | 33.7% | 30.4% | 30.2% | 28.3% |
| 税后营业利润NOPAT | 341.3 | 307.4 | 394.5 | 419.2 | 457.8 | 418.9 | 451.2 | 499.8 | 552.3 | 497.4 | 541.0 | 559.7 |
| 税后营业利润率NOPAT_MARGIN | 22.1% | 19.8% | 24.7% | 26.0% | 27.4% | 24.3% | 25.1% | 27.1% | 28.6% | 25.6% | 27.5% | 27.3% |
| 投入资本INVESTED_CAPITAL | 9,125.5 | 9,291.9 | 9,717.2 | 9,916.9 | 10,460.0 | 11,181.4 | 11,675.2 | 12,548.9 | 13,401.8 | 13,476.8 | 12,421.1 | 12,955.9 |
| 投入资本周转率CAPITAL_TURNOVER | 0.68 | 0.67 | 0.66 | 0.65 | 0.64 | 0.62 | 0.62 | 0.59 | 0.58 | 0.58 | 0.63 | 0.63 |
| ROEROE | 4.7% | 3.3% | 4.9% | 5.5% | 5.8% | 5.3% | 4.6% | 5.0% | 5.4% | 5.0% | 5.2% | 4.9% |
| ROICROIC | 3.7% | 3.3% | 4.1% | 4.2% | 4.4% | 3.7% | 3.9% | 4.0% | 4.1% | 3.7% | 4.4% | 4.3% |
| 资产负债率DEBT_RATIO | 46.1% | 44.6% | 44.3% | 44.0% | 43.1% | 40.8% | 41.5% | 40.3% | 39.2% | 39.1% | 40.9% | 43.4% |
| 经营现金流/净利润OCF_TO_PROFIT | 176.8% | 193.7% | 169.6% | 111.9% | 144.5% | 105.0% | 154.6% | 132.7% | 131.4% | 112.5% | 170.6% | 90.9% |
| 应计比率ACCRUAL_RATIO | -1.8% | -1.7% | -1.8% | -0.3% | -1.4% | -0.1% | -1.4% | -0.9% | -1.0% | -0.4% | -2.0% | 0.2% |
| 营业外收支/税前利润NONOP_TO_PRETAX | 7.2% | -10.4% | 7.5% | 13.3% | 15.2% | 18.6% | 9.3% | 10.8% | 15.0% | 15.8% | 8.9% | 3.5% |
| 自由现金流FCF | 570.2 | 464.3 | 579.9 | 453.8 | 609.2 | 174.7 | 494.1 | 552.7 | 723.3 | 468.4 | 694.2 | -0.7 |
| 自由现金流利润率FCF_MARGIN | 36.9% | 29.9% | 36.4% | 28.2% | 36.4% | 10.1% | 27.4% | 30.0% | 37.5% | 24.1% | 35.3% | -0.0% |
| 股权激励/营收SBC_TO_REVENUE | 3.5% | 3.6% | 2.6% | 3.5% | 3.1% | 3.3% | 4.3% | 3.1% | 3.3% | 3.0% | 2.8% | 2.7% |
| 扣股权激励自由现金流FCF_AFTER_SBC | 515.4 | 409.2 | 538.3 | 397.6 | 556.6 | 118.1 | 416.7 | 496.1 | 659.9 | 409.2 | 639.6 | -56.7 |
| 资本开支/折旧摊销CAPEX_TO_DA | 0.59 | 0.52 | 1.06 | 0.64 | 1.22 | 2.45 | 1.85 | 1.21 | 0.75 | 1.08 | 1.76 | 2.92 |
| 在建工程/固定资产净值CIP_TO_PPE | 26.4% | 25.5% | 22.9% | 23.5% | 18.4% | 15.3% | 14.4% | 12.2% | 6.8% | 6.5% | 3.5% | 3.6% |
| 固定资产周转率PPE_TURNOVER | 12.09 | 11.66 | 11.68 | 11.27 | 9.61 | 8.60 | 7.85 | 6.22 | 5.49 | 5.19 | 4.74 | 4.12 |
| 应收周转天数DSO | 27.9 | 27.4 | 30.0 | 29.6 | 25.8 | 25.5 | 25.0 | 25.4 | 24.8 | 23.4 | 27.0 | 24.8 |
| 存货周转天数DIO | 2.0 | 0.5 | 1.3 | 5.3 | 11.4 | 0.5 | 0.5 | 0.5 | 0.6 | 0.6 | 0.6 | 0.7 |
| 应付周转天数DPO | 130.8 | 118.7 | 135.8 | 147.1 | 166.1 | 132.4 | 144.0 | 149.8 | 139.7 | 128.4 | 151.8 | 185.5 |
| 现金转换周期CCC | -100.9 | -90.7 | -104.5 | -112.1 | -128.8 | -106.4 | -118.5 | -123.9 | -114.4 | -104.4 | -124.2 | -160.0 |
| 稀释率DILUTION_RATE | 1.5% | 1.4% | 1.4% | 1.3% | 1.7% | 1.6% | 1.7% | 1.5% | 1.4% | |||
勾稽校验（所示期间）：15 项， 全部通过