中商官网
研究报告
海能实业（300787）
主要经济指标
| 类别\年份 | 营业收入 （元) |
营业收入同比 （%) |
营业利润 （元) |
营业利润同比 （%) |
利润总额 （元) |
利润总额同比 （%) |
净利润 （元) |
净利润同比 （%) |
| 2025-03-31 | 679000000.0000 | 66.42 | 12470200.0000 | 137.44 | 12430200.0000 | 134.91 | 16082200.0000 | 110.55 |
| 2024-12-31 | 2213000000.0000 | 16.29 | 60191000.0000 | -55.74 | 58965100.0000 | -56.96 | 62780100.0000 | -51.33 |
| 2024-03-31 | 408000000.0000 | 7.65 | 5252000.0000 | 38.01 | 5291400.0000 | 26.58 | 7638300.0000 | 16.59 |
| 2024-09-30 | 1556000000.0000 | 10.75 | 29643200.0000 | -72.03 | 29663500.0000 | -72.28 | 44152500.0000 | -59.12 |
| 2024-06-30 | 938000000.0000 | 8.56 | 18968100.0000 | -71.02 | 19208300.0000 | -70.98 | 29059900.0000 | -56.97 |
| 2023-09-30 | 1405000000.0000 | -25.58 | 106000000.0000 | -69.36 | 107000000.0000 | -68.80 | 108000000.0000 | -64.36 |
| 2023-12-31 | 1903000000.0000 | -20.24 | 136000000.0000 | -63.83 | 137000000.0000 | -63.56 | 129000000.0000 | -60.43 |
| 2022-12-31 | 2386000000.0000 | 14.71 | 376000000.0000 | 104.35 | 376000000.0000 | 104.35 | 326000000.0000 | 75.27 |
| 2023-06-30 | 864000000.0000 | -29.18 | 65463300.0000 | -69.12 | 66191700.0000 | -68.63 | 67531600.0000 | -63.89 |
| 2023-03-31 | 379000000.0000 | -26.83 | 3805400.0000 | -94.07 | 4180400.0000 | -93.46 | 6551200.0000 | -88.76 |
| 2022-09-30 | 1888000000.0000 | 40.27 | 346000000.0000 | 246.25 | 343000000.0000 | 246.29 | 303000000.0000 | 185.85 |
| 2022-03-31 | 518000000.0000 | 21.03 | 64123500.0000 | 137.63 | 63957400.0000 | 133.01 | 58290800.0000 | 99.46 |
| 2022-06-30 | 1220000000.0000 | 47.70 | 212000000.0000 | 365.01 | 211000000.0000 | 358.07 | 187000000.0000 | 265.31 |
| 2021-12-31 | 2080000000.0000 | 32.82 | 184000000.0000 | 49.59 | 184000000.0000 | 49.59 | 186000000.0000 | 63.16 |
| 2021-09-30 | 1346000000.0000 | 27.34 | 99929200.0000 | -13.11 | 99048600.0000 | -13.12 | 106000000.0000 | 0.95 |
| 2021-06-30 | 826000000.0000 | 28.06 | 45590500.0000 | -53.42 | 46062700.0000 | -52.57 | 51189700.0000 | -42.00 |
| 2021-03-31 | 428000000.0000 | 102.84 | 26984200.0000 | 8.13 | 27448700.0000 | 10.88 | 29224200.0000 | 26.02 |
| 2020-12-31 | 1566000000.0000 | 41.85 | 123000000.0000 | 4.24 | 123000000.0000 | -2.38 | 114000000.0000 | -4.20 |
| 2020-09-30 | 1057000000.0000 | 43.61 | 115000000.0000 | 19.61 | 114000000.0000 | 19.21 | 105000000.0000 | 18.98 |
| 2020-03-31 | 211000000.0000 | -3.21 | 24954200.0000 | -26.46 | 24754300.0000 | -26.80 | 23190000.0000 | -24.52 |
| 2020-06-30 | 645000000.0000 | 32.17 | 97865400.0000 | 49.93 | 97108800.0000 | 49.75 | 88259900.0000 | 47.73 |
| 2019-12-31 | 1104000000.0000 | -2.30 | 118000000.0000 | -9.23 | 126000000.0000 | -5.26 | 119000000.0000 | 1.71 |
| 2019-03-31 | 218000000.0000 | 5.31 | 33933100.0000 | 154.46 | 33818900.0000 | 155.09 | 30721400.0000 | 190.32 |
| 2019-09-30 | 736000000.0000 | -2.90 | 96145700.0000 | 9.74 | 95633200.0000 | 7.65 | 88249600.0000 | 14.44 |
| 2019-06-30 | 488000000.0000 | 0.21 | 65272200.0000 | 58.49 | 64846600.0000 | 58.99 | 59744100.0000 | 66.64 |
| 2018-12-31 | 1130000000.0000 | 26.12 | 130000000.0000 | 8.33 | 133000000.0000 | 11.76 | 117000000.0000 | 11.43 |
| 2018-09-30 | 758000000.0000 | -- | 87613700.0000 | -- | 88839200.0000 | -- | 77111600.0000 | -- |
| 2018-03-31 | 207000000.0000 | -- | 13335400.0000 | -- | 13257400.0000 | -- | 10582000.0000 | -- |
| 2018-06-30 | 487000000.0000 | 28.16 | 41182600.0000 | -24.67 | 40787500.0000 | -37.38 | 35852900.0000 | -37.69 |
| 2017-12-31 | 896000000.0000 | 30.80 | 120000000.0000 | 30.23 | 119000000.0000 | 26.79 | 105000000.0000 | 26.33 |
| 2016-12-31 | 685000000.0000 | 33.79 | 92147600.0000 | 349.22 | 93858500.0000 | 354.75 | 83117100.0000 | 426.94 |
| 2015-12-31 | 512000000.0000 | -39.26 | 20512900.0000 | -67.63 | 20639500.0000 | -67.96 | 15773600.0000 | -71.93 |
| 2017-06-30 | 380000000.0000 | -- | 54671300.0000 | -- | 65130100.0000 | -- | 57535300.0000 | -- |
| 2013-12-31 | 593000000.0000 | 60.27 | 70418700.0000 | 11.87 | 74646100.0000 | 13.72 | 64342500.0000 | 12.20 |
| 2012-12-31 | 370000000.0000 | -- | 62944600.0000 | -- | 65642000.0000 | -- | 57347100.0000 | -- |
| 2014-12-31 | 843000000.0000 | 42.16 | 63365800.0000 | -10.02 | 64418800.0000 | -13.70 | 56191900.0000 | -12.67 |
| 2025-06-30 | 1505000000.0000 | 60.45 | 68104500.0000 | 259.05 | 67201600.0000 | 249.86 | 69138500.0000 | 137.92 |
| 2025-09-30 | 2413000000.0000 | 55.08 | 65919400.0000 | 122.38 | 63305100.0000 | 113.41 | 79172300.0000 | 79.32 |
| 2026-03-31 | 852000000.0000 | 25.48 | -15050500.0000 | -220.69 | -14706400.0000 | -218.31 | -9712800.0000 | -160.39 |
| 2025-12-31 | 3259000000.0000 | 47.27 | 76865100.0000 | 27.70 | 74262400.0000 | 25.94 | 84220600.0000 | 34.15 |
盈利能力分析
| 类别\年份 | 销售毛利率 （%) |
营业利润率 （%) |
总资产利润率 （%) |
净资产收益率 | 存货周转率 | 应收账款周转率 （次) |
总资产周转率 （次) |
| 2025-03 | 1.33 | 1.83 | 0.34 | 1.1900 | 0.9700 | 4.78 | 0.19 |
| 2024-12 | 2.39 | 2.66 | 1.59 | 4.7300 | 4.7300 | 4.33 | 0.60 |
| 2024-03 | 0.98 | 1.30 | 0.16 | 0.4900 | 1.0600 | 3.77 | 0.12 |
| 2024-09 | 1.29 | 1.91 | 0.82 | 3.0000 | 3.4700 | 4.26 | 0.43 |
| 2024-06 | 1.71 | 2.05 | 0.55 | 1.9600 | 2.4000 | 4.08 | 0.27 |
| 2023-09 | 6.55 | 7.62 | 3.44 | 6.9400 | 3.4800 | 4.09 | 0.45 |
| 2023-12 | 5.89 | 7.20 | 4.20 | 7.8800 | 5.1400 | 4.38 | 0.58 |
| 2022-12 | 14.75 | 15.76 | 13.88 | 22.6500 | 4.6900 | 4.85 | 0.88 |
| 2023-06 | 6.02 | 7.66 | 2.11 | 4.3000 | 2.1900 | 4.14 | 0.28 |
| 2023-03 | 0.00 | 1.10 | 0.15 | 0.4200 | 0.9600 | 4.08 | 0.13 |
| 2022-09 | 17.37 | 18.17 | 12.32 | 20.8000 | 3.3000 | 4.25 | 0.68 |
| 2022-03 | 11.78 | 12.35 | 2.57 | 4.2100 | 0.8600 | 3.89 | 0.21 |
| 2022-06 | 16.64 | 17.30 | 7.44 | 12.9700 | 2.0300 | 4.20 | 0.43 |
| 2021-12 | 7.98 | 8.85 | 7.38 | 14.6100 | 4.3000 | 4.38 | 0.83 |
| 2021-09 | 6.32 | 7.36 | 4.29 | 8.5100 | 2.4100 | 4.55 | 0.58 |
| 2021-06 | 3.87 | 5.58 | 2.10 | 4.2600 | 1.7300 | 4.83 | 0.38 |
| 2021-03 | 6.54 | 6.41 | 1.38 | 2.5600 | 1.0100 | 4.75 | 0.21 |
| 2020-12 | 5.43 | 7.85 | 6.25 | 9.7800 | 4.9900 | 4.99 | 0.80 |
| 2020-09 | 8.04 | 10.79 | 6.18 | 9.2300 | 3.1700 | 5.00 | 0.57 |
| 2020-03 | 11.37 | 11.73 | 1.72 | 4.8500 | 0.7500 | 3.87 | 0.15 |
| 2020-06 | 11.16 | 15.06 | 5.78 | 17.5400 | 2.4900 | 4.71 | 0.38 |
| 2019-12 | 8.42 | 11.41 | 8.27 | 16.2000 | 5.2500 | 4.68 | 0.72 |
| 2019-03 | 7.80 | 15.51 | 4.16 | 5.9000 | 1.1400 | 4.25 | 0.27 |
| 2019-09 | 8.97 | 12.99 | 6.79 | 18.3500 | 3.4400 | 4.44 | 0.52 |
| 2019-06 | 8.61 | 13.29 | 7.53 | 13.2500 | 2.8200 | 4.40 | 0.57 |
| 2018-12 | 10.62 | 11.77 | 15.80 | 25.3500 | 6.2100 | 5.80 | 1.34 |
| 2018-09 | 11.08 | 11.72 | -- | -- | -- | -- | -- |
| 2018-03 | 5.80 | 6.40 | -- | 2.4400 | -- | -- | -- |
| 2018-06 | 7.80 | 8.38 | 5.92 | 8.6300 | 2.7700 | -- | 0.71 |
| 2017-12 | 11.83 | 13.28 | 17.27 | 27.3400 | 5.2300 | 5.93 | 1.30 |
| 2016-12 | 11.39 | 13.70 | 16.32 | 27.3000 | 4.4800 | 4.96 | 1.19 |
| 2015-12 | 2.15 | 4.03 | 4.47 | 6.1700 | 3.1600 | -- | 1.11 |
| 2017-06 | 14.21 | 17.14 | 11.15 | 15.6900 | 2.3600 | 5.84 | 0.65 |
| 2013-12 | 11.80 | 12.59 | 13.82 | 42.3000 | 4.7900 | 7.95 | 1.10 |
| 2012-12 | 17.03 | 17.74 | 20.51 | 60.1000 | 3.2800 | 6.37 | 1.16 |
| 2014-12 | 7.47 | 7.64 | 10.42 | 27.1600 | 5.2200 | 9.16 | 1.36 |
| 2025-06 | 2.86 | 4.47 | 1.66 | 4.6900 | 2.0200 | 4.95 | 0.37 |
| 2025-09 | 1.53 | 2.62 | 1.51 | 5.3400 | 3.1900 | 5.31 | 0.58 |
| 2026-03 | -3.99 | -1.73 | -0.35 | -0.5900 | -- | 5.73 | 0.20 |
| 2025-12 | 1.35 | 2.28 | 1.78 | -- | 4.5900 | 5.66 | 0.78 |
偿债能力分析
| 类别\年份 | 资产负债率 （%) |
股东权益比率 （%) |
流动比率 | 速动比率 |
| 2025-03 | 54.80 | 45.18 | 1.3800 | 0.8500 |
| 2024-12 | 55.77 | 44.20 | 1.4900 | 1.0300 |
| 2024-03 | 51.04 | 48.99 | 1.5000 | 1.1500 |
| 2024-09 | 55.39 | 44.61 | 1.3500 | 0.9700 |
| 2024-06 | 53.58 | 46.45 | 1.4100 | 1.0600 |
| 2023-09 | 45.12 | 54.88 | 1.8800 | 1.5000 |
| 2023-12 | 47.32 | 52.68 | 1.7200 | 1.4200 |
| 2022-12 | 42.34 | 57.66 | 1.3900 | 1.1100 |
| 2023-06 | 46.89 | 53.11 | 1.8600 | 1.5300 |
| 2023-03 | 44.46 | 55.54 | 1.3100 | 1.0500 |
| 2022-09 | 45.33 | 54.67 | 1.3300 | 0.9700 |
| 2022-03 | 43.20 | 56.80 | 1.3200 | 0.7800 |
| 2022-06 | 50.93 | 49.07 | 1.2200 | 0.8600 |
| 2021-12 | 45.63 | 54.41 | 1.2300 | 0.8000 |
| 2021-09 | 44.74 | 55.26 | 1.2000 | 0.5600 |
| 2021-06 | 44.63 | 55.37 | 1.1900 | 0.6600 |
| 2021-03 | 37.90 | 62.10 | 1.4100 | 0.8100 |
| 2020-12 | 38.79 | 61.21 | 1.4800 | 1.0000 |
| 2020-09 | 35.37 | 64.63 | 1.6500 | 1.1200 |
| 2020-03 | 20.03 | 79.97 | 3.3600 | 2.3100 |
| 2020-06 | 29.78 | 70.22 | 2.0800 | 1.6000 |
| 2019-12 | 25.92 | 74.02 | 2.9300 | 2.3800 |
| 2019-03 | 34.11 | 66.01 | 1.8700 | 1.1700 |
| 2019-09 | 21.66 | 78.34 | 3.5500 | 2.7700 |
| 2019-06 | 33.68 | 66.32 | 1.9200 | 1.3700 |
| 2018-12 | 40.02 | 59.98 | 1.7300 | 1.2200 |
| 2018-09 | -- | -- | -- | -- |
| 2018-03 | -- | -- | -- | -- |
| 2018-06 | 38.46 | 61.54 | 1.7300 | 1.1100 |
| 2017-12 | 37.74 | 62.12 | 1.9100 | 1.3200 |
| 2016-12 | 40.17 | 59.83 | 1.7300 | 1.2200 |
| 2015-12 | 43.29 | 56.93 | 1.4100 | 0.8200 |
| 2017-06 | 34.42 | 65.58 | 2.0300 | 1.3900 |
| 2013-12 | 66.67 | 33.33 | 1.1600 | 0.8500 |
| 2012-12 | 58.75 | 41.25 | 1.3200 | 0.8300 |
| 2014-12 | 59.55 | 40.45 | 1.2900 | 0.8700 |
| 2025-06 | 59.00 | 41.00 | 1.2500 | 0.7600 |
| 2025-09 | 60.37 | 39.63 | 1.2100 | 0.7400 |
| 2026-03 | 60.03 | 39.97 | -- | -- |
| 2025-12 | 60.43 | 39.57 | 1.1600 | -- |
成本费用分析
| 类别\年份 | 营业成本 （元) |
销售费用 （元) |
管理费用 （元) |
财务费用 （元) |
| 2025-03 | 670000000.0000 | 30778900.0000 | 61594700.0000 | 4585900.0000 |
| 2024-12 | 2160000000.0000 | 97626500.0000 | 178000000.0000 | 34342000.0000 |
| 2024-03 | 404000000.0000 | 24558100.0000 | 34260500.0000 | 7827700.0000 |
| 2024-09 | 1536000000.0000 | 91244100.0000 | 120000000.0000 | 25220900.0000 |
| 2024-06 | 922000000.0000 | 56882200.0000 | 73097400.0000 | 8938000.0000 |
| 2023-09 | 1313000000.0000 | 62931000.0000 | 92742600.0000 | -2652300.0000 |
| 2023-12 | 1791000000.0000 | 76829100.0000 | 136000000.0000 | 25527200.0000 |
| 2022-12 | 2034000000.0000 | 69610700.0000 | 124000000.0000 | 25269200.0000 |
| 2023-06 | 812000000.0000 | 39694900.0000 | 59316600.0000 | -14970600.0000 |
| 2023-03 | 379000000.0000 | 16794100.0000 | 26424300.0000 | 9649200.0000 |
| 2022-09 | 1560000000.0000 | 48286900.0000 | 84182300.0000 | -35212600.0000 |
| 2022-03 | 457000000.0000 | 11854000.0000 | 25552800.0000 | 8272600.0000 |
| 2022-06 | 1017000000.0000 | 29344400.0000 | 55080200.0000 | -13794300.0000 |
| 2021-12 | 1914000000.0000 | 72545700.0000 | 114000000.0000 | 21504100.0000 |
| 2021-09 | 1261000000.0000 | 50315200.0000 | 75166700.0000 | 10569800.0000 |
| 2021-06 | 794000000.0000 | 33289900.0000 | 46105600.0000 | 7015100.0000 |
| 2021-03 | 400000000.0000 | 17309400.0000 | 19827400.0000 | 1029800.0000 |
| 2020-12 | 1481000000.0000 | 62206100.0000 | 71993200.0000 | 39339200.0000 |
| 2020-09 | 972000000.0000 | 59686700.0000 | 50064300.0000 | 17011400.0000 |
| 2020-03 | 187000000.0000 | 15014600.0000 | 13045300.0000 | -4955000.0000 |
| 2020-06 | 573000000.0000 | 27817300.0000 | 30345400.0000 | 3783200.0000 |
| 2019-12 | 1011000000.0000 | 66134900.0000 | 53961500.0000 | -1142400.0000 |
| 2019-03 | 201000000.0000 | 11564400.0000 | 11374600.0000 | 3592200.0000 |
| 2019-09 | 670000000.0000 | 46367100.0000 | 40599700.0000 | -5922200.0000 |
| 2019-06 | 446000000.0000 | 28657600.0000 | 26111000.0000 | 3983300.0000 |
| 2018-12 | 1010000000.0000 | 58495500.0000 | 32082700.0000 | 529800.0000 |
| 2018-09 | 674000000.0000 | 40242600.0000 | 20032700.0000 | -4316700.0000 |
| 2018-03 | 195000000.0000 | 11394300.0000 | 6234900.0000 | 5888400.0000 |
| 2018-06 | 449000000.0000 | 25600000.0000 | 13481400.0000 | 1374700.0000 |
| 2017-12 | 790000000.0000 | 55217800.0000 | 35437000.0000 | 10087400.0000 |
| 2016-12 | 607000000.0000 | 52439400.0000 | 30284900.0000 | -3500800.0000 |
| 2015-12 | 501000000.0000 | 42936700.0000 | 39820400.0000 | -364800.0000 |
| 2017-06 | 326000000.0000 | 25043500.0000 | 35310600.0000 | 3595100.0000 |
| 2013-12 | 523000000.0000 | 41725100.0000 | 45783800.0000 | 5975200.0000 |
| 2012-12 | 307000000.0000 | 20919900.0000 | 29529700.0000 | 4078800.0000 |
| 2014-12 | 780000000.0000 | 62974500.0000 | 68093100.0000 | 9184700.0000 |
| 2025-06 | 1462000000.0000 | 66529100.0000 | 107000000.0000 | 27177100.0000 |
| 2025-09 | 2376000000.0000 | 107000000.0000 | 161000000.0000 | 34993300.0000 |
| 2026-03 | 886000000.0000 | 29531800.0000 | 55327000.0000 | 26739700.0000 |
| 2025-12 | 3215000000.0000 | 112000000.0000 | 200000000.0000 | 46662700.0000 |