---
title: "通威股份 (600438.SH) — 財務報表"
type: "Symbol"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/quote/600438.SH/norm.md"
symbol: "600438.SH"
name: "通威股份"
parent: "https://longbridge.com/zh-HK/quote/600438.SH.md"
datetime: "2026-05-21T03:20:09.802Z"
locales:
  - [en](https://longbridge.com/en/quote/600438.SH/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/600438.SH/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/600438.SH/norm.md)
---

# 通威股份 (600438.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 | -0.5430 | -0.9518 | -0.0699 | -0.5248 | -0.5759 |
| ROE | -25.96% | -41.49% | -2.87% | -20.94% | -21.89% |
| 營業收入 | 12.13B | 19.53B | 24.09B | 24.58B | 15.93B |
| 凈利潤 | -2.44B | -4.28B | -314.80M | -2.36B | -2.59B |
| 營業利潤 | -2.03B | -4.61B | 2.64B | -3.37B | -1.92B |
| 毛利率 | -4.03% | -12.68% | 17.27% | -7.86% | -2.87% |
| 凈利率 | -20.16% | -21.93% | -1.31% | -9.61% | -16.27% |
| 利潤含金量 | - | - | 55.37% | - | - |

## 資產負債表 (CNY)

| 指標 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| 資產與負債 | 186.99B | 187.78B | 201.32B | 201.93B | 209.05B |
| 權益乘數 | 3.88 | 3.65 | 3.57 | 3.56 | 3.60 |
| 每股凈資產 | 8.28 | 8.84 | 9.93 | 9.99 | 10.29 |
| 資產周轉率 | 0.4056 | 0.4385 | 0.4425 | 0.4432 | 0.4545 |
| 現金及短投 | 30.06B | 31.52B | 34.77B | 33.23B | 40.00B |
| 存貨與應收 | 17.98B | 14.88B | 15.37B | 13.70B | 15.46B |
| 長期投資 | 104.61B | 106.26B | 110.97B | 111.60B | 112.95B |
| 凈債務 | 68.72B | 65.56B | 61.04B | 61.27B | 57.80B |

## 現金流量表 (CNY)

| 指標 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| 經營現金流 | -2.66B | -1.45B | 4.78B | -494.33M | -1.46B |
| 投資現金流 | 4.06B | -3.24B | -3.70B | -6.26B | 93.33M |
| 融資現金流 | 638.28M | 1.21B | 122.41M | -3.27B | 13.95B |
| 自由現金流 | -4.52B | 2.34B | -8.89B | -792.01M | -5.66B |
| 現金流充裕率 | -34.12% | -6.42% | 61.98% | -4.17% | -28.10% |
| 舉債與償債 | 7.34B | 19.83B | 3.38B | 7.29B | 11.02B |
| 資本支出 | -1.75B | -5.13B | -3.40B | -2.07B | -2.45B |

## 分紅方案

### 分紅歷史

| 描述 | 登記日 | 除息日 | 付息日 |
|-------------|-------------|---------|--------------|
| 1股派息 
0.901人民幣 | 2024-06-13 | 2024-06-14 | 2024-06-14 |
| 1股派息 
2.858人民幣 | 2023-05-30 | 2023-05-31 | 2023-05-31 |
| 1股派息 
0.912人民幣 | 2022-05-27 | 2022-05-30 | 2022-05-30 |