> 数据图表你知道结构件加工季度间情况2025-11-0结构件加工季度间情况◥ 营收、利润均同比提升，逐步企稳。过去四个季度2024Q4-2025Q3结构件加工环节季度财务指标情况加工厂商的营收增速分别为1.9%/-10.5%/16.5%/17.1%，归母净利润增速分别为-178.3%/-27.9%/-7.8%/29.2%。◥ 盈利能力逐步企稳。2025Q3毛利率、净利率分别为29.10%、10.54%，分别同比0.98pct、0.39pct。加工环节季度营收、归母净利润及同比增速加工环节季度间的盈利能力情况对比毛利率净利率期间费用率（右轴）研发费用率（右轴）营业收入/亿元归母净利润/亿元营业收入同比增速（右轴）归母净利润同比增速（右轴)79.4%91.1%84.6%74.7%83.1%47.7%30.2%48.2%38.5%29.7%48.3%20.6%-4.5%-13.4%-19.9%-36.8%-47.4%-60.4%38.75%36.81%38.51%34.32%35.12%36.60%34.87%35.58%36.29%37.58%32.14%31.42%31.40%32.20%26.88%28.12%32.82%28.00%29.10%-7.8%-27.9%18.87%14.81%15.65%14.44%11.75%21.49%17.61%18.92%16.89%20.05%18.01%19.64%14.54%15.53%14.91%14.97%12.29%12.87%12.31%10.54%10.14%25%20%15%10%5%0%6.44%-3.86%806040200-20资料来源：Wind，国联民生证券研究所50%40%34.44%30.48%150%100%50%29.2%0%-50%-100%-150%-200%1630%20%10%0%-10%-178.3%国联民生证券综合其他
