中商官网
研究报告
恒辉安防（300952）
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 | 282000000.0000 | 18.49 | 32535000.0000 | 10.37 | 33023200.0000 | 12.43 | 28925100.0000 | 17.44 |
| 2024-12-31 | 1270000000.0000 | 29.99 | 143000000.0000 | 10.00 | 143000000.0000 | 10.00 | 126000000.0000 | 13.51 |
| 2024-06-30 | 514000000.0000 | 16.55 | 62221900.0000 | 17.20 | 62263200.0000 | 17.34 | 53859200.0000 | 19.10 |
| 2024-03-31 | 238000000.0000 | 27.96 | 29477600.0000 | 95.77 | 29371300.0000 | 95.24 | 24628800.0000 | 99.93 |
| 2024-09-30 | 872000000.0000 | 25.47 | 118000000.0000 | 6.31 | 118000000.0000 | 6.31 | 101000000.0000 | 3.90 |
| 2023-06-30 | 441000000.0000 | 6.52 | 53092000.0000 | -3.15 | 53061100.0000 | -1.17 | 45223100.0000 | -1.48 |
| 2023-09-30 | 695000000.0000 | 1.46 | 111000000.0000 | -13.28 | 111000000.0000 | -12.60 | 97213200.0000 | -8.29 |
| 2023-12-31 | 977000000.0000 | 9.41 | 130000000.0000 | -13.91 | 130000000.0000 | -12.75 | 111000000.0000 | -11.90 |
| 2023-03-31 | 186000000.0000 | -3.13 | 15057000.0000 | -2.65 | 15043700.0000 | -1.26 | 12318500.0000 | -1.84 |
| 2022-09-30 | 685000000.0000 | -4.99 | 128000000.0000 | 41.52 | 127000000.0000 | 41.02 | 106000000.0000 | 41.48 |
| 2022-12-31 | 893000000.0000 | -6.00 | 151000000.0000 | 56.23 | 149000000.0000 | 41.90 | 126000000.0000 | 29.20 |
| 2022-03-31 | 192000000.0000 | -9.43 | 15466300.0000 | -32.69 | 15235200.0000 | -33.55 | 12549500.0000 | -36.53 |
| 2021-12-31 | 950000000.0000 | 14.60 | 96655400.0000 | -27.33 | 105000000.0000 | -21.05 | 97521200.0000 | -12.93 |
| 2022-06-30 | 414000000.0000 | -9.21 | 54821500.0000 | -3.45 | 53691300.0000 | -5.03 | 45903900.0000 | -3.78 |
| 2021-03-31 | 212000000.0000 | 68.25 | 22976900.0000 | 7.40 | 22928300.0000 | 8.66 | 19772700.0000 | 14.08 |
| 2021-09-30 | 721000000.0000 | 20.17 | 90449400.0000 | -17.02 | 90057300.0000 | -17.38 | 74924100.0000 | -18.50 |
| 2021-06-30 | 456000000.0000 | 21.28 | 56777700.0000 | -23.23 | 56536700.0000 | -23.41 | 47708200.0000 | -23.16 |
| 2020-06-30 | 376000000.0000 | 32.86 | 73958400.0000 | 51.43 | 73820100.0000 | 19.33 | 62090900.0000 | 19.46 |
| 2020-12-31 | 829000000.0000 | 38.86 | 133000000.0000 | 29.13 | 133000000.0000 | 12.71 | 112000000.0000 | 12.06 |
| 2020-09-30 | 600000000.0000 | 46.70 | 109000000.0000 | 43.32 | 109000000.0000 | 22.37 | 91926700.0000 | 16.39 |
| 2019-09-30 | 409000000.0000 | -- | 76054400.0000 | -- | 89071800.0000 | -- | 78979000.0000 | -- |
| 2019-12-31 | 597000000.0000 | 16.83 | 103000000.0000 | 45.42 | 118000000.0000 | 39.51 | 99948700.0000 | 38.51 |
| 2020-03-31 | 126000000.0000 | -- | 21393600.0000 | -- | 21100100.0000 | -- | 17332800.0000 | -- |
| 2018-12-31 | 511000000.0000 | 14.06 | 70827000.0000 | 16.00 | 84579800.0000 | 38.70 | 72159100.0000 | 93.92 |
| 2019-06-30 | 283000000.0000 | -- | 48841500.0000 | -- | 61864200.0000 | -- | 51974900.0000 | -- |
| 2017-12-31 | 448000000.0000 | 46.89 | 61057900.0000 | -0.10 | 60979700.0000 | 3.91 | 37210600.0000 | -19.41 |
| 2016-12-31 | 305000000.0000 | -- | 61118500.0000 | -- | 58684100.0000 | -- | 46173200.0000 | -- |
| 2025-06-30 | 593000000.0000 | 15.37 | 68335600.0000 | 9.83 | 67900500.0000 | 9.05 | 59644800.0000 | 10.74 |
| 2025-09-30 | 880000000.0000 | 0.92 | 103000000.0000 | -12.71 | 103000000.0000 | -12.71 | 87632200.0000 | -13.24 |
| 2026-03-31 | -- | -100.00 | -- | -100.00 | -- | -100.00 | -- | -100.00 |
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 | 10.64 | 11.71 | 1.26 | 2.2200 | 0.5300 | 4.09 | 0.11 |
| 2024-12 | 9.21 | 11.26 | 5.70 | 10.0300 | 2.8400 | 4.78 | 0.51 |
| 2024-06 | 10.89 | 12.11 | 3.09 | 4.3300 | 1.0900 | 4.62 | 0.25 |
| 2024-03 | 10.92 | 12.34 | 1.54 | 1.9900 | 0.5800 | 4.60 | 0.13 |
| 2024-09 | 11.01 | 13.53 | 4.50 | 8.1800 | 1.7800 | 4.60 | 0.33 |
| 2023-06 | 11.79 | 12.03 | 3.29 | 3.9900 | 1.4300 | 5.19 | 0.27 |
| 2023-09 | 12.37 | 15.97 | 6.28 | 8.6800 | 2.0700 | 5.22 | 0.39 |
| 2023-12 | 10.54 | 13.31 | 6.95 | 9.8400 | 2.8200 | 4.93 | 0.52 |
| 2023-03 | 7.53 | 8.09 | 1.02 | 1.2200 | 0.6200 | 5.09 | 0.13 |
| 2022-09 | 12.70 | 18.54 | 9.35 | 10.4500 | 2.6700 | 5.34 | 0.50 |
| 2022-12 | 12.21 | 16.69 | 9.85 | 12.4400 | 3.3500 | 5.39 | 0.59 |
| 2022-03 | 6.77 | 7.94 | 1.23 | 1.3200 | 0.8000 | 5.32 | 0.16 |
| 2021-12 | 9.89 | 11.05 | 8.47 | 11.5700 | 4.4700 | 6.24 | 0.77 |
| 2022-06 | 12.08 | 12.97 | 4.21 | 4.6700 | 1.5300 | 5.27 | 0.32 |
| 2021-03 | 10.38 | 10.82 | 1.79 | 2.7900 | 1.1200 | 5.97 | 0.17 |
| 2021-09 | 11.51 | 12.49 | 7.55 | 9.3200 | 3.2700 | 6.78 | 0.60 |
| 2021-06 | 10.75 | 12.40 | 4.72 | 6.5500 | 2.1500 | 5.97 | 0.38 |
| 2020-06 | 19.41 | 19.63 | 10.14 | 14.0700 | 2.7600 | 6.09 | 0.52 |
| 2020-12 | 15.92 | 16.04 | 15.47 | 24.0300 | 5.3500 | 6.59 | 0.96 |
| 2020-09 | 17.83 | 18.17 | 13.75 | -- | -- | -- | 0.76 |
| 2019-09 | 100.00 | 21.78 | -- | -- | -- | -- | -- |
| 2019-12 | 16.92 | 19.77 | 19.09 | 28.5200 | 5.0500 | 6.27 | 0.97 |
| 2020-03 | 16.67 | 16.75 | -- | 4.2300 | -- | -- | -- |
| 2018-12 | 14.48 | 16.55 | 18.03 | 30.8700 | 4.9700 | 7.33 | 1.09 |
| 2019-06 | 16.96 | 21.86 | 11.07 | 16.0100 | 2.5900 | 6.53 | 0.51 |
| 2017-12 | 12.28 | 13.61 | 18.65 | 20.9000 | 5.4400 | 8.92 | 1.37 |
| 2016-12 | 20.00 | 19.24 | 23.66 | 29.8300 | 4.0100 | 6.92 | 1.23 |
| 2025-06 | 10.12 | 11.45 | 2.63 | 4.1300 | 1.1500 | 4.17 | 0.23 |
| 2025-09 | 10.57 | 11.70 | 3.56 | 5.7500 | 1.6000 | 4.31 | 0.30 |
| 2026-03 | -- | -- | -- | -- | -- | -- | -- |
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 | 41.83 | 58.17 | 1.9100 | 1.0800 |
| 2024-12 | 48.22 | 51.78 | 2.3400 | 1.4500 |
| 2024-06 | 40.04 | 59.96 | 1.5800 | 0.6600 |
| 2024-03 | 35.87 | 64.13 | 1.7900 | 0.9000 |
| 2024-09 | 49.26 | 50.74 | 2.2800 | 1.4300 |
| 2023-06 | 31.02 | 68.98 | 1.6300 | 0.7700 |
| 2023-09 | 35.37 | 64.63 | 1.7500 | 0.9100 |
| 2023-12 | 37.20 | 62.80 | 1.6900 | 0.9500 |
| 2023-03 | 26.96 | 72.97 | 1.9000 | 0.8100 |
| 2022-09 | 22.88 | 77.12 | 2.4800 | 1.3600 |
| 2022-12 | 29.37 | 70.63 | 1.7400 | 1.0200 |
| 2022-03 | 21.81 | 78.27 | 2.6800 | 1.6600 |
| 2021-12 | 23.06 | 76.94 | 2.7200 | 1.8300 |
| 2022-06 | 22.53 | 77.47 | 2.4500 | 1.4200 |
| 2021-03 | 29.12 | 70.88 | 2.1900 | 1.6200 |
| 2021-09 | 21.96 | 78.04 | 2.6000 | 1.6100 |
| 2021-06 | 24.60 | 75.40 | 2.3800 | 1.5600 |
| 2020-06 | 35.85 | 64.15 | 1.2500 | 0.7100 |
| 2020-12 | 39.88 | 60.12 | 1.1000 | 0.5500 |
| 2020-09 | 37.33 | 62.67 | -- | -- |
| 2019-09 | -- | -- | -- | -- |
| 2019-12 | 34.47 | 65.53 | 1.3100 | 0.8000 |
| 2020-03 | -- | -- | -- | -- |
| 2018-12 | 34.97 | 65.03 | 1.5300 | 0.9000 |
| 2019-06 | 36.14 | 63.86 | 1.3000 | 0.8300 |
| 2017-12 | 55.96 | 44.04 | 1.0100 | 0.5700 |
| 2016-12 | 25.39 | 74.60 | 2.3900 | 1.4200 |
| 2025-06 | 39.54 | 60.46 | 1.8600 | 1.0300 |
| 2025-09 | 37.98 | 62.02 | 1.5200 | 0.8300 |
| 2026-03 | -- | -- | -- | -- |
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 | 252000000.0000 | 8519700.0000 | 12422500.0000 | -3657700.0000 |
| 2024-12 | 1153000000.0000 | 34798300.0000 | 50662000.0000 | -3014600.0000 |
| 2024-06 | 458000000.0000 | 17068000.0000 | 26801800.0000 | -1282000.0000 |
| 2024-03 | 212000000.0000 | 8946200.0000 | 12969600.0000 | -1104500.0000 |
| 2024-09 | 776000000.0000 | 25071800.0000 | 39431600.0000 | 2109300.0000 |
| 2023-06 | 389000000.0000 | 10551400.0000 | 18570000.0000 | -298600.0000 |
| 2023-09 | 609000000.0000 | 22106600.0000 | 34826900.0000 | 791300.0000 |
| 2023-12 | 874000000.0000 | 30848200.0000 | 45539200.0000 | 2605400.0000 |
| 2023-03 | 172000000.0000 | 5899200.0000 | 9420800.0000 | 4672100.0000 |
| 2022-09 | 598000000.0000 | 13777300.0000 | 36611300.0000 | -23935800.0000 |
| 2022-12 | 784000000.0000 | 18948200.0000 | 48161100.0000 | -4616700.0000 |
| 2022-03 | 179000000.0000 | 4365000.0000 | 10627100.0000 | 1087900.0000 |
| 2021-12 | 856000000.0000 | 14756900.0000 | 43239700.0000 | 7547000.0000 |
| 2022-06 | 364000000.0000 | 8318400.0000 | 19299400.0000 | -2376000.0000 |
| 2021-03 | 190000000.0000 | 3701700.0000 | 8577700.0000 | 1047800.0000 |
| 2021-09 | 638000000.0000 | 9431300.0000 | 27190000.0000 | 2839000.0000 |
| 2021-06 | 407000000.0000 | 6048000.0000 | 17541200.0000 | 3494600.0000 |
| 2020-06 | 303000000.0000 | 5087300.0000 | 12205100.0000 | 771100.0000 |
| 2020-12 | 697000000.0000 | 11246600.0000 | 23832600.0000 | 14075500.0000 |
| 2020-09 | 493000000.0000 | 9850300.0000 | 18696700.0000 | 6784300.0000 |
| 2019-09 | -- | -- | -- | -- |
| 2019-12 | 496000000.0000 | 16677900.0000 | 26629500.0000 | 1012600.0000 |
| 2020-03 | 105000000.0000 | 4004400.0000 | 5526400.0000 | -738100.0000 |
| 2018-12 | 437000000.0000 | 13982500.0000 | 30387300.0000 | -1002000.0000 |
| 2019-06 | 235000000.0000 | 7453800.0000 | 13655800.0000 | 706800.0000 |
| 2017-12 | 393000000.0000 | 13742400.0000 | 28747200.0000 | 11867600.0000 |
| 2016-12 | 244000000.0000 | 9110900.0000 | 16125400.0000 | -5047500.0000 |
| 2025-06 | 533000000.0000 | 16888900.0000 | 25121900.0000 | -2606300.0000 |
| 2025-09 | 787000000.0000 | 23529700.0000 | 38549500.0000 | 994800.0000 |
| 2026-03 | 269000000.0000 | 9480700.0000 | -- | 12933200.0000 |