中商官网
研究报告
恒帅股份（300969）
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 | 962000000.0000 | 4.23 | 248000000.0000 | 5.53 | 248000000.0000 | 5.53 | 214000000.0000 | 5.94 |
| 2025-03-31 | 203000000.0000 | -16.12 | 48443000.0000 | -35.96 | 48433800.0000 | -35.98 | 41800800.0000 | -35.48 |
| 2024-06-30 | 463000000.0000 | 16.33 | 135000000.0000 | 27.36 | 135000000.0000 | 27.36 | 116000000.0000 | 26.92 |
| 2024-09-30 | 704000000.0000 | 6.34 | 190000000.0000 | 8.57 | 191000000.0000 | 9.14 | 164000000.0000 | 9.33 |
| 2024-03-31 | 242000000.0000 | 32.24 | 75649800.0000 | 58.34 | 75649700.0000 | 58.34 | 64788900.0000 | 58.60 |
| 2023-06-30 | 398000000.0000 | 23.60 | 106000000.0000 | 44.27 | 106000000.0000 | 37.55 | 91398400.0000 | 37.03 |
| 2023-09-30 | 662000000.0000 | 26.34 | 175000000.0000 | 44.63 | 175000000.0000 | 40.00 | 150000000.0000 | 38.89 |
| 2023-12-31 | 923000000.0000 | 24.90 | 235000000.0000 | 45.06 | 235000000.0000 | 41.57 | 202000000.0000 | 38.36 |
| 2023-03-31 | 183000000.0000 | 11.59 | 47776600.0000 | 29.18 | 47776600.0000 | 29.30 | 40850500.0000 | 28.50 |
| 2022-12-31 | 739000000.0000 | 26.54 | 162000000.0000 | 26.56 | 166000000.0000 | 23.88 | 146000000.0000 | 25.86 |
| 2022-09-30 | 524000000.0000 | 23.88 | 121000000.0000 | 19.80 | 125000000.0000 | 19.05 | 108000000.0000 | 19.41 |
| 2021-12-31 | 584000000.0000 | 71.26 | 128000000.0000 | 72.32 | 134000000.0000 | 74.23 | 116000000.0000 | 74.82 |
| 2022-06-30 | 322000000.0000 | 13.78 | 73473900.0000 | 8.95 | 77064800.0000 | 8.37 | 66700300.0000 | 8.80 |
| 2022-03-31 | 164000000.0000 | 20.59 | 36983100.0000 | 10.83 | 36950100.0000 | 10.25 | 31789600.0000 | 10.02 |
| 2021-03-31 | 136000000.0000 | 118.36 | 33369600.0000 | 123.03 | 33514400.0000 | 101.31 | 28894400.0000 | 103.21 |
| 2021-06-30 | 283000000.0000 | 119.38 | 67438900.0000 | 139.69 | 71113500.0000 | 131.40 | 61305400.0000 | 132.18 |
| 2021-09-30 | 423000000.0000 | 98.59 | 101000000.0000 | 119.56 | 105000000.0000 | 116.08 | 90442000.0000 | 115.73 |
| 2020-12-31 | 341000000.0000 | 3.02 | 74278600.0000 | -1.06 | 76908200.0000 | 1.58 | 66355200.0000 | 1.73 |
| 2020-09-30 | 213000000.0000 | -11.25 | 46001600.0000 | -- | 48592300.0000 | -- | 41923800.0000 | -- |
| 2020-06-30 | 129000000.0000 | -- | 28135400.0000 | -- | 30731300.0000 | -- | 26403700.0000 | -- |
| 2019-09-30 | 240000000.0000 | -- | -- | NaN | -- | NaN | -- | NaN |
| 2020-03-31 | 62283400.0000 | -- | 14962100.0000 | -- | 16648000.0000 | -- | 14219200.0000 | -- |
| 2019-12-31 | 331000000.0000 | 2.80 | 75076900.0000 | 22.40 | 75713200.0000 | 21.03 | 65228200.0000 | 25.55 |
| 2017-12-31 | 301000000.0000 | -- | 66437400.0000 | -- | 67768800.0000 | -- | 58123200.0000 | -- |
| 2018-12-31 | 322000000.0000 | 6.98 | 61339400.0000 | -7.67 | 62555800.0000 | -7.69 | 51952200.0000 | -10.62 |
| 2025-06-30 | 428000000.0000 | -7.56 | 97501600.0000 | -27.78 | 97492100.0000 | -27.78 | 84655400.0000 | -27.02 |
| 2025-09-30 | 680000000.0000 | -3.41 | 148000000.0000 | -22.11 | 148000000.0000 | -22.51 | 129000000.0000 | -21.34 |
| 2025-12-31 | 947000000.0000 | -1.56 | 189000000.0000 | -23.79 | 189000000.0000 | -23.79 | 167000000.0000 | -21.96 |
| 2026-03-31 | 239000000.0000 | 17.73 | 47200200.0000 | -2.57 | 46901000.0000 | -3.16 | 40156900.0000 | -3.93 |
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 | 24.12 | 25.78 | 15.74 | 17.9900 | 5.6000 | 3.82 | 0.61 |
| 2025-03 | 20.69 | 23.86 | 3.08 | 3.2100 | 1.2400 | 3.54 | 0.13 |
| 2024-06 | 27.00 | 29.16 | 9.47 | 10.0700 | 2.6400 | 3.87 | 0.32 |
| 2024-09 | 25.14 | 27.13 | 12.81 | 14.0100 | 4.0500 | 3.88 | 0.47 |
| 2024-03 | 28.93 | 31.26 | 5.22 | 5.7400 | 1.3500 | 4.00 | 0.17 |
| 2023-06 | 24.62 | 26.63 | 8.60 | 9.5400 | 2.4300 | 4.13 | 0.32 |
| 2023-09 | 24.77 | 26.44 | 13.30 | 15.3100 | 4.1000 | 4.14 | 0.50 |
| 2023-12 | 23.73 | 25.46 | 16.57 | 20.1200 | 5.3200 | 4.15 | 0.65 |
| 2023-03 | 23.50 | 26.11 | 4.03 | 4.3700 | 1.1300 | 4.15 | 0.15 |
| 2022-12 | 20.03 | 22.46 | 14.13 | 17.1400 | 4.8400 | 4.35 | 0.63 |
| 2022-09 | 20.80 | 23.85 | 11.49 | 12.9200 | 3.5400 | 4.26 | 0.48 |
| 2021-12 | 20.21 | 22.95 | 14.18 | 18.8800 | 4.8300 | 4.97 | 0.62 |
| 2022-06 | 20.19 | 23.93 | 7.64 | 8.1600 | 2.2200 | 4.43 | 0.32 |
| 2022-03 | 20.12 | 22.53 | 3.77 | 3.9600 | 1.1600 | 4.66 | 0.17 |
| 2021-03 | 24.26 | 24.64 | 7.13 | 8.7300 | 1.3000 | 5.61 | 0.29 |
| 2021-06 | 23.32 | 25.13 | 8.26 | 13.0800 | 2.5900 | 5.87 | 0.33 |
| 2021-09 | 22.46 | 24.82 | 11.82 | 16.1200 | 3.5800 | 5.49 | 0.48 |
| 2020-12 | 20.82 | 22.55 | 17.40 | 23.3700 | 3.7900 | 4.59 | 0.77 |
| 2020-09 | 20.19 | 22.81 | -- | -- | -- | -- | -- |
| 2020-06 | 20.16 | 23.82 | 8.86 | 9.9800 | 1.7500 | 4.95 | 0.37 |
| 2019-09 | 100.00 | 0.00 | -- | -- | -- | -- | -- |
| 2020-03 | 22.44 | 26.73 | -- | 5.5000 | -- | -- | -- |
| 2019-12 | 22.05 | 22.87 | 22.67 | 29.8200 | 4.1700 | 5.19 | 0.99 |
| 2017-12 | 21.93 | 22.51 | 19.53 | 24.1400 | 4.0300 | 5.36 | 0.87 |
| 2018-12 | 17.70 | 19.43 | 21.80 | 23.2600 | 4.1100 | 5.33 | 1.12 |
| 2025-06 | 19.86 | 22.78 | 5.11 | 6.4100 | 2.7100 | 3.62 | 0.22 |
| 2025-09 | 19.12 | 21.76 | 7.48 | 9.6700 | 4.1900 | 3.73 | 0.34 |
| 2025-12 | 17.21 | 19.96 | -- | -- | -- | -- | -- |
| 2026-03 | 16.74 | 19.62 | -- | -- | -- | -- | -- |
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 | 18.59 | 81.41 | 4.0300 | 3.5200 |
| 2025-03 | 15.88 | 84.18 | 4.8500 | 4.2400 |
| 2024-06 | 17.46 | 82.61 | 4.2500 | 3.6600 |
| 2024-09 | 17.37 | 82.63 | 4.2900 | 3.6900 |
| 2024-03 | 19.96 | 80.04 | 3.7800 | 3.2600 |
| 2023-06 | 19.81 | 80.19 | 3.8700 | 3.3100 |
| 2023-09 | 20.67 | 79.33 | 3.6100 | 3.1300 |
| 2023-12 | 22.64 | 77.43 | 3.2700 | 2.8200 |
| 2023-03 | 19.41 | 80.59 | 4.0000 | 3.4000 |
| 2022-12 | 22.21 | 77.87 | 3.4800 | 2.9500 |
| 2022-09 | 19.30 | 80.70 | 3.9600 | 3.3000 |
| 2021-12 | 16.72 | 83.17 | 4.8700 | 4.1200 |
| 2022-06 | 17.24 | 82.66 | 4.4600 | 3.6600 |
| 2022-03 | 16.62 | 83.38 | 4.7900 | 3.9900 |
| 2021-03 | 26.38 | 73.62 | 2.5400 | 1.8700 |
| 2021-06 | 14.98 | 85.02 | 5.4600 | 4.7600 |
| 2021-09 | 14.19 | 85.81 | 5.8600 | 4.9700 |
| 2020-12 | 28.28 | 71.72 | 2.3000 | 1.7100 |
| 2020-09 | -- | -- | -- | -- |
| 2020-06 | 19.90 | 80.12 | 3.0200 | 2.2300 |
| 2019-09 | -- | -- | -- | -- |
| 2020-03 | -- | -- | -- | -- |
| 2019-12 | 24.69 | 75.15 | 2.8300 | 2.1400 |
| 2017-12 | 22.22 | 77.81 | 3.4400 | 1.1400 |
| 2018-12 | 35.19 | 64.81 | 1.8800 | 0.8600 |
| 2025-06 | 29.87 | 70.13 | 6.4000 | 5.4100 |
| 2025-09 | 30.13 | 69.87 | 6.0600 | 4.9500 |
| 2025-12 | -- | -- | -- | -- |
| 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) |
| 2024-12 | 730000000.0000 | 16406000.0000 | 59145500.0000 | -2597800.0000 |
| 2025-03 | 161000000.0000 | 2777300.0000 | 15479600.0000 | -2319900.0000 |
| 2024-06 | 338000000.0000 | 8208500.0000 | 26318800.0000 | -1267300.0000 |
| 2024-09 | 527000000.0000 | 11566200.0000 | 39889400.0000 | -6553800.0000 |
| 2024-03 | 172000000.0000 | 3294200.0000 | 12389000.0000 | -3457500.0000 |
| 2023-06 | 300000000.0000 | 6486800.0000 | 24953600.0000 | -3836600.0000 |
| 2023-09 | 498000000.0000 | 11575500.0000 | 41809300.0000 | -7402200.0000 |
| 2023-12 | 704000000.0000 | 15483700.0000 | 60879700.0000 | -1907200.0000 |
| 2023-03 | 140000000.0000 | 3175500.0000 | 10471400.0000 | 332100.0000 |
| 2022-12 | 591000000.0000 | 16908600.0000 | 46719200.0000 | -3152300.0000 |
| 2022-09 | 415000000.0000 | 10110100.0000 | 29955500.0000 | -4345500.0000 |
| 2021-12 | 466000000.0000 | 16608100.0000 | 37644700.0000 | 1499900.0000 |
| 2022-06 | 257000000.0000 | 5937800.0000 | 18969000.0000 | -1392600.0000 |
| 2022-03 | 131000000.0000 | 2764400.0000 | 9448700.0000 | 206000.0000 |
| 2021-03 | 103000000.0000 | 4588700.0000 | 6865400.0000 | 209300.0000 |
| 2021-06 | 217000000.0000 | 7051000.0000 | 17206800.0000 | 652600.0000 |
| 2021-09 | 328000000.0000 | 10124200.0000 | 25772300.0000 | -224300.0000 |
| 2020-12 | 270000000.0000 | 15449800.0000 | 26042200.0000 | 1614400.0000 |
| 2020-09 | 170000000.0000 | 9462100.0000 | 17182700.0000 | 325100.0000 |
| 2020-06 | 103000000.0000 | 6393700.0000 | 10938500.0000 | -35900.0000 |
| 2019-09 | -- | -- | -- | -- |
| 2020-03 | 48303900.0000 | 2464900.0000 | 4959400.0000 | -122900.0000 |
| 2019-12 | 258000000.0000 | 16658500.0000 | 23036700.0000 | -430000.0000 |
| 2017-12 | 235000000.0000 | 14554800.0000 | 19976200.0000 | 1815700.0000 |
| 2018-12 | 265000000.0000 | 17148700.0000 | 36561200.0000 | 415300.0000 |
| 2025-06 | 343000000.0000 | 6397900.0000 | 29730000.0000 | -293100.0000 |
| 2025-09 | 550000000.0000 | 10018900.0000 | 44803200.0000 | -3423300.0000 |
| 2025-12 | 784000000.0000 | 17583100.0000 | 64676400.0000 | 8328900.0000 |
| 2026-03 | 199000000.0000 | 2914600.0000 | 16457500.0000 | 6231600.0000 |