# 迈瑞医疗 (300760.SZ) - Financial Report
*Report generated on: 2025-12-18*

| 代码 | 简称 | 上市日期 | PE | PB | 股息率(%) |
|:---|:---|:---|:---|:---|:---|
| 300760.SZ | 迈瑞医疗 | 2018-10-16 | 20.55 | 6.37 | 2.34% |


## 主要指标
| 指标 | 2025Q3 | 2024A | 2023A | 2022A | 2021A | 2020A | 2019A | 2018A | 2017A | 2016A | 2015A | 2014A | 2007A | 2006A | 2005A | 2003A | 2001A |
|:---|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|
| ROE | 19.26% | 32.54% | 35.01% | 30.04% | 29.69% | 28.60% | 25.17% | 24.54% | 39.11% | 35.41% | 14.28% | 14.58% | - | - | - | - | - |
| ROA | 12.77% | 20.60% | 24.16% | 20.55% | 21.00% | 19.99% | 18.26% | 17.20% | 17.93% | 12.34% | 7.36% | 9.32% | - | - | - | - | - |
| ROCE/ROIC | - | 34.83% | 37.40% | 32.92% | 33.18% | 31.86% | 27.35% | 27.23% | 38.35% | 17.67% | 10.74% | 10.32% | - | - | - | - | - |
| 毛利率 | 61.95% | 63.11% | 66.16% | 64.15% | 65.01% | 64.97% | 65.24% | 66.57% | 67.03% | 64.62% | 62.22% | 63.43% | - | - | - | - | - |
| 净利润率 | 29.30% | 31.77% | 33.16% | 31.64% | 31.66% | 31.66% | 28.27% | 27.04% | 23.17% | 17.72% | 11.35% | 17.35% | - | - | - | - | - |
| 收入(亿) | 258.34 | 367.26 | 349.32 | 303.66 | 252.70 | 210.26 | 165.56 | 137.53 | 111.74 | 90.32 | 80.13 | 78.36 | 12.88 | 6.87 | 4.64 | 2.70 | 1.00 |
| 收入增速 | -12.38% | 5.14% | 15.04% | 20.17% | 20.18% | 27.00% | 20.38% | 23.09% | 23.72% | 12.71% | 2.26% | - | 87.61% | 47.89% | - | - | - |
| 净利润(亿) | 75.70 | 116.68 | 115.82 | 96.07 | 80.02 | 66.58 | 46.81 | 37.19 | 25.89 | 16.00 | 9.10 | 13.60 | - | - | - | - | - |
| 净利润增速 | -28.83% | 0.74% | 20.56% | 20.07% | 20.19% | 42.24% | 25.85% | 43.65% | 61.78% | 75.90% | -33.08% | - | - | - | - | - | - |
| 经营净现金流(亿) | 72.73 | 124.32 | 110.62 | 121.41 | 89.99 | 88.70 | 47.22 | 40.35 | 33.00 | 30.40 | 20.24 | 17.41 | - | - | - | - | - |
| 资本开支(亿) | 15.27 | 19.59 | 26.89 | 19.16 | 14.02 | 11.83 | 7.77 | 6.78 | 4.67 | 4.14 | 5.95 | 5.88 | - | - | - | - | - |
| 自由现金流(亿) | 57.46 | 104.73 | 83.73 | 102.26 | 75.96 | 76.87 | 39.45 | 33.56 | 28.34 | 26.26 | 14.28 | 11.53 | - | - | - | - | - |
| 分红(亿) | - | 96.03 | 70.32 | 54.56 | 42.44 | 30.39 | 18.24 | 12.16 | - | - | - | - | - | - | - | - | - |
| 回购(亿) | - | - | - | 85.70 | 50.74 | - | - | - | - | - | - | - | - | - | - | - | - |
| 总资产(亿) | 592.65 | 566.44 | 479.40 | 467.45 | 381.03 | 333.06 | 256.34 | 216.27 | 144.38 | 129.74 | 123.63 | 145.81 | - | - | - | - | - |
| 净资产(亿) | 392.98 | 358.56 | 330.85 | 319.81 | 269.53 | 232.78 | 185.93 | 151.58 | 66.20 | 45.20 | 63.73 | 93.24 | - | - | - | - | - |
| 商誉(亿) | 114.65 | 110.93 | 50.62 | 44.03 | 42.18 | 12.25 | 13.01 | 13.76 | 13.21 | 13.89 | 13.14 | 13.09 | - | - | - | - | - |


## 费用指标
| 指标 | 2025Q3 | 2024A | 2023A | 2022A | 2021A | 2020A | 2019A | 2018A | 2017A | 2016A | 2015A | 2014A | 2007A | 2006A | 2005A | 2003A | 2001A |
|:---|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|
| 销售费用率 | 14.46% | 14.38% | 16.33% | 15.81% | 15.83% | 17.18% | 21.78% | 23.28% | 24.40% | 26.58% | 27.15% | 26.61% | - | - | - | - | - |
| 管理费用率 | 4.05% | 4.36% | 4.36% | 4.35% | 4.38% | 4.27% | 4.62% | 5.20% | 14.90% | 19.74% | 21.93% | 21.51% | - | - | - | - | - |
| SG&A比例 | 18.51% | 18.74% | 20.69% | 20.16% | 20.20% | 21.45% | 26.40% | 28.48% | 39.31% | 46.33% | 49.09% | 48.13% | - | - | - | - | - |
| 研发费用率 | 9.43% | 9.98% | 9.83% | 9.62% | 9.99% | 8.89% | 8.85% | 9.21% | - | - | - | - | - | - | - | - | - |
| 其他费用率 | 4.71% | 2.62% | 2.49% | 2.73% | 3.15% | 2.97% | 1.72% | 1.83% | 4.55% | 0.58% | 1.78% | -2.05% | - | - | - | - | - |
| 折旧费用占比 | - | 1.70% | 1.47% | 1.42% | 1.44% | 1.42% | 1.54% | 1.62% | 1.92% | 2.24% | 2.41% | - | - | - | - | - | - |
| 所得税率 | 12.22% | 9.83% | 11.01% | 12.26% | 11.23% | 10.47% | 12.73% | 12.09% | 11.26% | 12.93% | 13.68% | 4.21% | - | - | - | - | - |


## 资产占比
| 指标 | 2025Q3 | 2024A | 2023A | 2022A | 2021A | 2020A | 2019A | 2018A | 2017A | 2016A | 2015A | 2014A | 2007A | 2006A | 2005A | 2003A | 2001A |
|:---|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|
| 现金占比 | 28.91% | 29.38% | 39.19% | 49.60% | 40.31% | 47.63% | 55.68% | 53.38% | 36.50% | 34.43% | 16.34% | 12.24% | - | - | - | - | - |
| 库存占比 | 8.74% | 8.40% | 8.30% | 8.61% | 9.36% | 10.63% | 8.83% | 7.86% | 10.86% | 7.95% | 8.10% | 6.31% | - | - | - | - | - |
| 应收款占比 | 6.47% | 5.68% | 6.87% | 5.69% | 4.35% | 4.33% | 6.51% | 7.27% | 9.85% | 7.91% | 9.81% | 9.40% | - | - | - | - | - |
| 预付款占比 | 0.54% | 0.53% | 0.56% | 0.62% | 0.62% | 0.62% | 0.54% | 0.57% | 0.74% | 0.71% | 0.69% | 0.42% | - | - | - | - | - |
| 固定资产占比 | 12.73% | 12.51% | 11.45% | 9.12% | 9.90% | 9.61% | 10.47% | 11.89% | 17.29% | 16.80% | 15.17% | 12.39% | - | - | - | - | - |
| 长期投资占比 | 0.30% | 0.35% | 0.14% | 0.13% | 0.07% | 0.08% | 0.02% | - | - | - | - | - | - | - | - | - | - |
| 商誉占比 | 19.34% | 19.58% | 10.56% | 9.42% | 11.07% | 3.68% | 5.08% | 6.36% | 9.15% | 10.71% | 10.63% | 8.98% | - | - | - | - | - |
| 其他资产占比 | 22.97% | 23.57% | 22.93% | 16.82% | 24.31% | 23.43% | 12.88% | 12.68% | 15.61% | 21.50% | 39.25% | 50.25% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| 应付款占比 | 5.52% | 4.93% | 5.61% | 4.90% | 5.99% | 4.50% | 4.84% | 4.32% | 6.72% | 4.93% | 4.75% | 3.93% | - | - | - | - | - |
| 预收款占比 | 3.82% | 3.82% | 4.12% | 8.86% | 6.32% | 9.89% | 3.85% | 4.64% | 7.90% | 6.73% | 2.89% | 1.32% | - | - | - | - | - |
| 短期借款占比 | 0.21% | 0.21% | 0.23% | 0.21% | 0.22% | 0.00% | 0.00% | 0.00% | 12.77% | 14.37% | 12.75% | 2.49% | - | - | - | - | - |
| 长期借款占比 | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 12.93% | 2.52% | 8.25% | - | - | - | - | - |
| 运营资产占比 | 6.41% | 5.85% | 6.00% | 1.15% | 2.03% | 1.19% | 7.18% | 6.74% | 6.83% | 4.91% | 10.96% | 10.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 有息负债率 | 0.22% | 0.21% | 0.24% | 0.21% | 0.22% | 0.00% | 0.00% | 0.00% | 12.77% | 27.31% | 15.27% | 10.74% | - | - | - | - | - |


## 周转能力
| 指标 | 2025Q3 | 2024A | 2023A | 2022A | 2021A | 2020A | 2019A | 2018A | 2017A | 2016A | 2015A | 2014A | 2007A | 2006A | 2005A | 2003A | 2001A |
|:---|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|
| 存货周转天数 | 192 | 128 | 122 | 134 | 147 | 175 | 143 | 134 | 155 | 117 | 120 | 117 | - | - | - | - | - |
| 应收款周转天数 | 54 | 31 | 34 | 31 | 23 | 25 | 36 | 41 | 46 | 41 | 55 | 63 | - | - | - | - | - |
| 应付款周转天数 | 121 | 75 | 83 | 76 | 94 | 74 | 78 | 74 | 96 | 73 | 70 | 72 | - | - | - | - | - |
| 固定资产周转率 | 3.43 | 5.18 | 6.36 | 7.13 | 6.70 | 6.57 | 6.17 | 5.35 | 4.48 | 4.14 | 4.27 | 4.34 | - | - | - | - | - |
| 总资产周转率 | 0.44 | 0.65 | 0.73 | 0.65 | 0.66 | 0.63 | 0.65 | 0.64 | 0.77 | 0.70 | 0.65 | 0.54 | - | - | - | - | - |


## 人均效率
| 指标 | 2025Q3 | 2024A | 2023A | 2022A | 2021A | 2020A | 2019A | 2018A | 2017A | 2016A | 2015A | 2014A | 2007A | 2006A | 2005A | 2003A | 2001A |
|:---|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|
| 员工人数 | - | 21,667 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| 人均创收(万) | - | 169.50 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| 人均创利(万) | - | 53.85 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| 人均薪酬(万) | - | 37.47 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |


## 市场表现
| 指标 | 2025Q3 | 2024A | 2023A | 2022A | 2021A | 2020A | 2019A | 2018A | 2017A | 2016A | 2015A | 2014A | 2007A | 2006A | 2005A | 2003A | 2001A |
|:---|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|
| 股价 | 197.77 | 255.00 | 290.60 | 315.97 | 380.80 | 426.00 | 181.90 | 109.22 | - | - | - | - | - | - | - | - | - |
| 市值(亿) | 2,398 | 3,092 | 3,523 | 3,831 | 4,629 | 5,179 | 2,211 | 1,328 | - | - | - | - | - | - | - | - | - |
| PE | 20.55 | 26.69 | 36.67 | 47.88 | 69.53 | 110.64 | 59.46 | 51.28 | - | - | - | - | - | - | - | - | - |
| PB | 6.37 | 8.81 | 11.15 | 12.68 | 17.94 | 23.49 | 12.56 | 9.27 | - | - | - | - | - | - | - | - | - |
| 股东户数 | 108,835 | 82,745 | 60,947 | 65,619 | 65,757 | 69,782 | 41,672 | 49,869 | - | - | - | - | - | - | - | - | - |