---
title: "華發股份 (600325.SH) — 財務報表"
type: "Symbol"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/quote/600325.SH/norm.md"
symbol: "600325.SH"
name: "華發股份"
parent: "https://longbridge.com/zh-HK/quote/600325.SH.md"
datetime: "2026-05-21T23:30:44.882Z"
locales:
  - [en](https://longbridge.com/en/quote/600325.SH/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/600325.SH/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/600325.SH/norm.md)
---

# 華發股份 (600325.SH) — 財務報表

## 損益表 (CNY)

| 指標 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| 每股收益 | -0.3500 | -2.96 | -0.0358 | -0.0062 | 0.0700 |
| ROE | -42.01% | -270.11% | -1.45% | -0.38% | 3.82% |
| 營業收入 | 4.04B | 31.68B | 13.55B | 19.71B | 18.51B |
| 凈利潤 | -946.38M | -9.60B | -69.61M | -18.58M | 190.98M |
| 營業利潤 | -461.30M | -8.38B | 2.31B | 1.09B | 704.73M |
| 毛利率 | 3.77% | -18.35% | 25.14% | 11.85% | 8.84% |
| 凈利率 | -23.43% | -30.30% | -0.51% | -0.09% | 1.03% |
| 利潤含金量 | - | -338.73% | 29.13% | 20.15% | 17.19% |

## 資產負債表 (CNY)

| 指標 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| 資產與負債 | 352.62B | 355.84B | 401.28B | 399.24B | 412.45B |
| 權益乘數 | 3.25 | 3.25 | 3.30 | 3.32 | 3.32 |
| 每股凈資產 | 3.18 | 3.51 | 9.77 | 7.05 | 7.36 |
| 資產周轉率 | 0.1803 | 0.2150 | 0.1913 | 0.1741 | 0.1642 |
| 現金及短投 | 22.76B | 28.10B | 34.71B | 29.44B | 32.49B |
| 存貨與應收 | 193.76B | 191.01B | 225.85B | 230.99B | 240.18B |
| 長期投資 | 9.38B | 9.48B | 6.55B | 6.28B | 6.35B |
| 凈債務 | 107.75B | 99.87B | 94.89B | 99.20B | 97.62B |

## 現金流量表 (CNY)

| 指標 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| 經營現金流 | -3.35B | 2.47B | 7.92B | 5.39B | 4.10B |
| 投資現金流 | -1.11B | -3.80B | -4.00B | -3.72B | -3.05B |
| 融資現金流 | -957.29M | -5.32B | 1.72B | -4.84B | -1.83B |
| 自由現金流 | -4.53B | -2.15B | 2.52B | 1.84B | -5.22B |
| 現金流充裕率 | -27.72% | 10.05% | 32.87% | 22.41% | 15.89% |
| 舉債與償債 | 9.96B | 17.99B | 23.34B | 17.07B | 22.36B |
| 資本支出 | -1.10B | -812.94M | -1.65B | -2.32B | -2.40B |

## 分紅方案

**股息率**: 4.25

### 分紅歷史

| 描述 | 登記日 | 除息日 | 付息日 |
|-------------|-------------|---------|--------------|
| 1股派息 
0.01981人民幣 | 2025-09-10 | 2025-09-11 | 2025-09-11 |
| 1股派息 
0.10372人民幣 | 2025-05-23 | 2025-05-26 | 2025-05-26 |
| 1股派息 
0.37人民幣 | 2024-07-04 | 2024-07-05 | 2024-07-05 |