中商官网
研究报告
恒而达（300946）
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 （%) |
| 2024-12-31 | 585000000.0000 | 7.93 | 99599700.0000 | -0.40 | 98907000.0000 | -0.20 | 87221600.0000 | 0.04 |
| 2025-03-31 | 150000000.0000 | 2.04 | 23333200.0000 | -30.05 | 23070800.0000 | -30.83 | 20172900.0000 | -29.29 |
| 2024-03-31 | 147000000.0000 | 5.00 | 33356800.0000 | 3.92 | 33353100.0000 | 3.90 | 28530000.0000 | 2.57 |
| 2024-09-30 | 441000000.0000 | 8.35 | 91063900.0000 | 8.86 | 90363200.0000 | 9.11 | 79116300.0000 | 9.85 |
| 2024-06-30 | 299000000.0000 | 9.52 | 63998700.0000 | 7.82 | 63897900.0000 | 7.66 | 55855000.0000 | 8.78 |
| 2023-12-31 | 542000000.0000 | 12.22 | 99998400.0000 | 4.00 | 99107200.0000 | 5.18 | 87190200.0000 | -8.36 |
| 2023-06-30 | 273000000.0000 | 6.23 | 59356100.0000 | 1.69 | 59353700.0000 | 1.70 | 51344700.0000 | 1.58 |
| 2023-09-30 | 407000000.0000 | 8.24 | 83651700.0000 | 3.89 | 82820400.0000 | 2.87 | 72018900.0000 | 1.36 |
| 2022-09-30 | 376000000.0000 | 8.67 | 80520300.0000 | -13.31 | 80509300.0000 | -21.07 | 71052300.0000 | -19.41 |
| 2022-12-31 | 483000000.0000 | 6.15 | 96151100.0000 | -17.11 | 94223500.0000 | -24.01 | 95144400.0000 | -11.90 |
| 2023-03-31 | 140000000.0000 | 9.38 | 32100000.0000 | 4.30 | 32099900.0000 | 4.30 | 27815700.0000 | 4.78 |
| 2022-06-30 | 257000000.0000 | 7.08 | 58368400.0000 | -10.05 | 58358700.0000 | -23.81 | 50545500.0000 | -23.89 |
| 2021-12-31 | 455000000.0000 | 19.74 | 116000000.0000 | 38.55 | 124000000.0000 | 14.81 | 108000000.0000 | 16.08 |
| 2022-03-31 | 128000000.0000 | 24.27 | 30775400.0000 | 3.66 | 30775400.0000 | -23.81 | 26545900.0000 | -23.42 |
| 2021-03-31 | 103000000.0000 | 49.97 | 29688500.0000 | 61.03 | 40393600.0000 | 126.47 | 34664500.0000 | 124.45 |
| 2021-09-30 | 346000000.0000 | 24.91 | 92882300.0000 | 44.94 | 102000000.0000 | 15.19 | 88166000.0000 | 16.01 |
| 2021-06-30 | 240000000.0000 | 37.14 | 64892300.0000 | 46.02 | 76597100.0000 | 19.86 | 66409500.0000 | 21.31 |
| 2020-06-30 | 175000000.0000 | -6.42 | 44440000.0000 | -- | 63906500.0000 | -- | 54744200.0000 | 43.33 |
| 2020-09-30 | 277000000.0000 | 1.47 | 64084400.0000 | 6.34 | 88551500.0000 | 46.95 | 75996600.0000 | 45.14 |
| 2020-12-31 | 380000000.0000 | 0.80 | 83725700.0000 | 0.56 | 108000000.0000 | 29.79 | 93041800.0000 | 29.20 |
| 2019-12-31 | 377000000.0000 | 4.14 | 83255500.0000 | 36.04 | 83209500.0000 | 9.29 | 72011500.0000 | 11.41 |
| 2020-03-31 | 68680600.0000 | -- | 18436700.0000 | -- | 17836200.0000 | -- | 15444500.0000 | -- |
| 2019-09-30 | 273000000.0000 | -- | 60261600.0000 | -- | 60259300.0000 | -- | 52359300.0000 | -- |
| 2018-12-31 | 362000000.0000 | 16.03 | 61199300.0000 | -2.92 | 76133800.0000 | 7.36 | 64636100.0000 | 5.82 |
| 2019-06-30 | 187000000.0000 | -- | -- | NaN | -- | NaN | 38193600.0000 | -- |
| 2017-12-31 | 312000000.0000 | -- | 63043100.0000 | -- | 70916800.0000 | -- | 61079400.0000 | -- |
| 2025-06-30 | 320000000.0000 | 7.02 | 49616800.0000 | -22.47 | 49668700.0000 | -22.27 | 43111000.0000 | -22.82 |
| 2025-09-30 | 478000000.0000 | 8.39 | 51948700.0000 | -42.95 | 50996300.0000 | -43.57 | 43964400.0000 | -44.43 |
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) |
| 2024-12 | 15.56 | 16.91 | 6.67 | 7.6100 | 1.1800 | 5.83 | 0.39 |
| 2025-03 | 14.67 | 15.38 | 1.49 | 1.6800 | 0.2900 | 4.97 | 0.10 |
| 2024-03 | 21.77 | 22.69 | 2.26 | 2.5200 | 0.3000 | 4.72 | 0.10 |
| 2024-09 | 19.05 | 20.49 | 6.00 | 6.8900 | 0.8600 | 4.01 | 0.29 |
| 2024-06 | 20.07 | 21.37 | 4.23 | 4.8700 | 0.6000 | 4.17 | 0.20 |
| 2023-12 | 17.34 | 18.29 | 6.82 | 8.0200 | 1.3000 | 5.59 | 0.37 |
| 2023-06 | 19.41 | 21.74 | 4.49 | 4.7600 | 0.6900 | 4.11 | 0.21 |
| 2023-09 | 18.92 | 20.35 | 5.91 | 6.6500 | 1.0000 | 3.88 | 0.29 |
| 2022-09 | 18.35 | 21.41 | 6.52 | 7.0000 | 1.1400 | 3.96 | 0.30 |
| 2022-12 | 17.60 | 19.51 | 7.64 | 9.3000 | 1.4400 | 5.58 | 0.39 |
| 2023-03 | 20.00 | 22.93 | 2.52 | 2.5900 | 0.3800 | 4.71 | 0.11 |
| 2022-06 | 19.07 | 22.71 | 4.86 | 4.9900 | 0.8100 | 4.04 | 0.21 |
| 2021-12 | 20.88 | 27.25 | 10.76 | 12.2700 | 1.6800 | 6.64 | 0.39 |
| 2022-03 | 20.31 | 24.04 | 2.63 | 2.6400 | 0.4200 | 4.69 | 0.11 |
| 2021-03 | 22.97 | 39.22 | 3.74 | 5.4400 | 0.4200 | 4.76 | 0.10 |
| 2021-09 | 21.97 | 29.48 | 8.80 | 10.4000 | 1.3000 | 4.25 | 0.30 |
| 2021-06 | 22.92 | 31.92 | 6.88 | 8.3500 | 0.9500 | 4.59 | 0.22 |
| 2020-06 | 20.57 | 36.52 | 10.58 | 13.4100 | 0.7200 | 4.33 | 0.29 |
| 2020-09 | 19.86 | 31.97 | 14.78 | 18.1400 | 1.2000 | 4.03 | 0.46 |
| 2020-12 | 19.21 | 28.42 | 17.34 | 21.7700 | 1.6300 | 7.05 | 0.61 |
| 2019-12 | 18.83 | 22.07 | 16.32 | 21.0100 | 1.5800 | 7.41 | 0.74 |
| 2020-03 | 15.28 | 25.97 | -- | 3.9700 | -- | -- | -- |
| 2019-09 | 18.32 | 22.07 | -- | 15.7200 | -- | -- | -- |
| 2018-12 | 14.36 | 21.03 | 16.27 | 23.8700 | 1.8400 | 7.21 | 0.77 |
| 2019-06 | 100.00 | 0.00 | -- | -- | -- | -- | -- |
| 2017-12 | 16.67 | 22.73 | 19.17 | 26.9300 | 1.9600 | 6.36 | 0.84 |
| 2025-06 | 14.06 | 15.52 | 3.02 | 3.5900 | 0.5800 | 4.51 | 0.19 |
| 2025-09 | 9.62 | 10.67 | 2.97 | -- | -- | -- | 0.28 |
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 |
| 2024-12 | 20.31 | 79.69 | 3.0500 | 1.3300 |
| 2025-03 | 22.52 | 77.48 | 2.8100 | 1.3900 |
| 2024-03 | 22.26 | 77.74 | 2.7500 | 1.3000 |
| 2024-09 | 22.11 | 77.82 | 2.7700 | 1.1700 |
| 2024-06 | 24.01 | 75.99 | 2.5100 | 1.1500 |
| 2023-12 | 22.90 | 77.10 | 2.6900 | 1.3400 |
| 2023-06 | 17.79 | 82.13 | 3.6400 | 1.9100 |
| 2023-09 | 21.13 | 78.94 | 3.1600 | 1.6400 |
| 2022-09 | 15.96 | 84.04 | 4.2100 | 2.7200 |
| 2022-12 | 14.02 | 85.98 | 4.5600 | 2.6000 |
| 2023-03 | 14.45 | 85.55 | 4.4700 | 2.6300 |
| 2022-06 | 15.40 | 84.60 | 4.5200 | 3.0000 |
| 2021-12 | 13.80 | 86.20 | 5.4800 | 3.1600 |
| 2022-03 | 12.83 | 87.25 | 5.9300 | 4.2100 |
| 2021-03 | 12.14 | 87.86 | 6.6000 | 3.9700 |
| 2021-09 | 15.96 | 84.04 | 4.8500 | 2.8600 |
| 2021-06 | 14.54 | 85.46 | 5.3600 | 3.2700 |
| 2020-06 | 27.81 | 72.19 | 2.4500 | 1.2800 |
| 2020-09 | 23.71 | 76.29 | 2.7600 | 1.4900 |
| 2020-12 | 23.92 | 76.08 | 2.7500 | 1.3600 |
| 2019-12 | 25.29 | 74.71 | 2.9000 | 1.3800 |
| 2020-03 | -- | -- | -- | -- |
| 2019-09 | -- | -- | -- | -- |
| 2018-12 | 34.62 | 65.60 | 2.1800 | 0.9200 |
| 2019-06 | -- | -- | -- | -- |
| 2017-12 | 36.22 | 63.78 | 1.9500 | 0.9800 |
| 2025-06 | 26.57 | 73.50 | 2.5200 | 1.1900 |
| 2025-09 | 29.39 | 0.00 | -- | -- |
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) |
| 2024-12 | 494000000.0000 | 16575400.0000 | 26325100.0000 | 2193000.0000 |
| 2025-03 | 128000000.0000 | 3351000.0000 | 6537300.0000 | 648400.0000 |
| 2024-03 | 115000000.0000 | 2868300.0000 | 5780900.0000 | 183400.0000 |
| 2024-09 | 357000000.0000 | 10911200.0000 | 17911300.0000 | 1401100.0000 |
| 2024-06 | 239000000.0000 | 6612600.0000 | 11890800.0000 | 328900.0000 |
| 2023-12 | 448000000.0000 | 11752200.0000 | 24253400.0000 | 841500.0000 |
| 2023-06 | 220000000.0000 | 4970000.0000 | 10172000.0000 | -17000.0000 |
| 2023-09 | 330000000.0000 | 7866300.0000 | 15991400.0000 | -564400.0000 |
| 2022-09 | 307000000.0000 | 5123000.0000 | 15839200.0000 | -1649100.0000 |
| 2022-12 | 398000000.0000 | 7945600.0000 | 23944200.0000 | -290000.0000 |
| 2023-03 | 112000000.0000 | 2178300.0000 | 5131200.0000 | 391000.0000 |
| 2022-06 | 208000000.0000 | 2812800.0000 | 11332300.0000 | -287400.0000 |
| 2021-12 | 360000000.0000 | 5755900.0000 | 18677500.0000 | 154200.0000 |
| 2022-03 | 102000000.0000 | 1335500.0000 | 4744800.0000 | -138900.0000 |
| 2021-03 | 79340000.0000 | 818200.0000 | 5597800.0000 | -798400.0000 |
| 2021-09 | 270000000.0000 | 3960300.0000 | 13255000.0000 | -1861300.0000 |
| 2021-06 | 185000000.0000 | 2476600.0000 | 9592600.0000 | 213600.0000 |
| 2020-06 | 139000000.0000 | 2597200.0000 | 7069100.0000 | 1165000.0000 |
| 2020-09 | 222000000.0000 | 3997900.0000 | 10226100.0000 | 1778000.0000 |
| 2020-12 | 307000000.0000 | 6197400.0000 | 15015100.0000 | 2906700.0000 |
| 2019-12 | 306000000.0000 | 8668400.0000 | 13460700.0000 | 1244500.0000 |
| 2020-03 | 58185000.0000 | 1053800.0000 | 3677800.0000 | 333400.0000 |
| 2019-09 | 223000000.0000 | 6498600.0000 | 9836200.0000 | 1090500.0000 |
| 2018-12 | 310000000.0000 | 7640500.0000 | 18161500.0000 | 2002000.0000 |
| 2019-06 | -- | -- | -- | -- |
| 2017-12 | 260000000.0000 | 6347100.0000 | 11841400.0000 | 1558200.0000 |
| 2025-06 | 275000000.0000 | 8399700.0000 | 16178500.0000 | 2260700.0000 |
| 2025-09 | 432000000.0000 | 16706800.0000 | 30099300.0000 | 3977300.0000 |