中商官网
研究报告
恒光股份（301118）
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 | 1235000000.0000 | 31.94 | -68024000.0000 | 27.01 | -64902500.0000 | 25.98 | -61298200.0000 | 42.33 |
| 2025-03-31 | 373000000.0000 | 29.07 | 5996900.0000 | -136.14 | 6037400.0000 | -138.40 | 5846000.0000 | -137.04 |
| 2024-09-30 | 858000000.0000 | 31.19 | -57525400.0000 | 236.68 | -54366700.0000 | 238.04 | -54366100.0000 | 272.07 |
| 2024-03-31 | 289000000.0000 | 38.94 | -16595100.0000 | -228.05 | -15720800.0000 | -212.36 | -15781900.0000 | -209.59 |
| 2024-06-30 | 581000000.0000 | 38.66 | -26372600.0000 | -420.29 | -23389000.0000 | -353.67 | -24283900.0000 | -327.77 |
| 2023-09-30 | 654000000.0000 | -17.94 | -17086300.0000 | -109.19 | -16083000.0000 | -108.60 | -14611800.0000 | -108.91 |
| 2023-06-30 | 419000000.0000 | -26.62 | 8234100.0000 | -94.92 | 9220200.0000 | -94.34 | 10661600.0000 | -92.49 |
| 2023-12-31 | 936000000.0000 | -13.33 | -53556600.0000 | -124.02 | -51519400.0000 | -123.00 | -43066700.0000 | -121.32 |
| 2022-12-31 | 1080000000.0000 | 15.76 | 223000000.0000 | -16.48 | 224000000.0000 | -17.34 | 202000000.0000 | -15.48 |
| 2023-03-31 | 208000000.0000 | -21.51 | 12959500.0000 | -83.50 | 13991600.0000 | -82.48 | 14400600.0000 | -79.49 |
| 2022-03-31 | 265000000.0000 | 30.54 | 78539100.0000 | 39.42 | 79865600.0000 | 41.76 | 70222500.0000 | 48.70 |
| 2022-09-30 | 797000000.0000 | 23.37 | 186000000.0000 | -4.62 | 187000000.0000 | -4.10 | 164000000.0000 | -3.53 |
| 2022-06-30 | 571000000.0000 | 40.29 | 162000000.0000 | 48.62 | 163000000.0000 | 49.54 | 142000000.0000 | 54.25 |
| 2021-06-30 | 407000000.0000 | 33.01 | 109000000.0000 | 132.17 | 109000000.0000 | 130.22 | 92057500.0000 | 126.30 |
| 2021-09-30 | 646000000.0000 | 38.92 | 195000000.0000 | 143.48 | 195000000.0000 | 142.26 | 170000000.0000 | 134.21 |
| 2021-12-31 | 933000000.0000 | 46.47 | 267000000.0000 | 126.27 | 271000000.0000 | 129.66 | 239000000.0000 | 125.47 |
| 2020-12-31 | 637000000.0000 | 4.94 | 118000000.0000 | 4.42 | 118000000.0000 | 4.42 | 106000000.0000 | 6.07 |
| 2021-03-31 | 203000000.0000 | 35.33 | 56331000.0000 | 124.92 | 56339900.0000 | 119.70 | 47222800.0000 | 107.64 |
| 2020-09-30 | 465000000.0000 | 5.44 | 80090000.0000 | -11.20 | 80490600.0000 | -10.63 | 72583600.0000 | -8.47 |
| 2020-03-31 | 150000000.0000 | -- | 25044600.0000 | -- | 25643500.0000 | -- | 22742100.0000 | -- |
| 2020-06-30 | 306000000.0000 | 1.66 | 46949300.0000 | -28.26 | 47346200.0000 | -27.67 | 40680100.0000 | -29.19 |
| 2019-12-31 | 607000000.0000 | -7.89 | 113000000.0000 | -21.53 | 113000000.0000 | -20.98 | 99934800.0000 | -23.71 |
| 2019-09-30 | 441000000.0000 | -- | 90186500.0000 | -- | 90064800.0000 | -- | 79302600.0000 | -- |
| 2019-06-30 | 301000000.0000 | -5.64 | 65440000.0000 | -1.46 | 65455300.0000 | -1.44 | 57447700.0000 | -7.01 |
| 2018-12-31 | 659000000.0000 | 43.26 | 144000000.0000 | 95.48 | 143000000.0000 | 108.33 | 131000000.0000 | 108.90 |
| 2017-12-31 | 460000000.0000 | 29.21 | 73663700.0000 | -2101.57 | 68641400.0000 | -44214.01 | 62709500.0000 | -29307.96 |
| 2018-06-30 | 319000000.0000 | 55.61 | 66412700.0000 | 185.15 | 66413300.0000 | 184.77 | 61778800.0000 | 188.51 |
| 2016-12-31 | 356000000.0000 | -4.81 | -3680300.0000 | -1.17 | -155600.0000 | 87.70 | -214700.0000 | -8051.85 |
| 2016-06-30 | 171000000.0000 | -8.56 | -8479100.0000 | 790.94 | -6699100.0000 | -2235.51 | -7046600.0000 | -2380.45 |
| 2017-06-30 | 205000000.0000 | 19.88 | 23290500.0000 | -374.68 | 23321800.0000 | -448.13 | 21413400.0000 | -403.88 |
| 2015-06-30 | 187000000.0000 | -20.76 | -951700.0000 | -104.07 | 313700.0000 | -98.68 | 309000.0000 | -98.43 |
| 2014-12-31 | 449000000.0000 | 10.59 | 25895400.0000 | 152.10 | 28077400.0000 | 116.05 | 23974600.0000 | 108.34 |
| 2015-12-31 | 374000000.0000 | -16.70 | -3723700.0000 | -114.38 | -82900.0000 | -100.30 | 2700.0000 | -99.99 |
| 2013-12-31 | 406000000.0000 | -3.33 | 10271900.0000 | 104.59 | 12995700.0000 | 138.17 | 11507500.0000 | 112.42 |
| 2014-06-30 | 236000000.0000 | -- | 23381900.0000 | -- | 23772300.0000 | -- | 19638000.0000 | -- |
| 2014-04-30 | 163000000.0000 | -- | 18568000.0000 | -- | 18635800.0000 | -- | 15384900.0000 | -- |
| 2012-12-31 | 420000000.0000 | -- | 5020800.0000 | -- | 5456500.0000 | -- | 5417300.0000 | -- |
| 2025-06-30 | 748000000.0000 | 28.74 | 8902700.0000 | -133.76 | 9079700.0000 | -138.82 | 10956400.0000 | -145.12 |
| 2025-09-30 | 1109000000.0000 | 29.25 | 1122200.0000 | -101.95 | 1376500.0000 | -102.53 | 3232300.0000 | -105.95 |
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 | -7.04 | -5.26 | -2.55 | -4.4800 | 12.8500 | 31.72 | 0.49 |
| 2025-03 | 0.00 | 1.62 | 0.24 | 0.3100 | 3.1400 | 28.30 | 0.15 |
| 2024-09 | -8.62 | -6.34 | -2.17 | -3.9500 | 9.5800 | 26.89 | 0.34 |
| 2024-03 | -7.96 | -5.44 | -0.65 | -1.0800 | 3.6100 | 25.09 | 0.12 |
| 2024-06 | -6.54 | -4.03 | -0.94 | -1.7000 | 6.8700 | 25.70 | 0.23 |
| 2023-09 | -5.35 | -2.46 | -0.70 | -0.9500 | 7.3400 | 27.86 | 0.28 |
| 2023-06 | -0.95 | 2.20 | 0.40 | 0.7600 | 4.6800 | 28.85 | 0.18 |
| 2023-12 | -8.12 | -5.50 | -2.16 | -2.6300 | 10.8400 | 27.33 | 0.39 |
| 2022-12 | 17.69 | 20.74 | 11.13 | 14.3200 | 9.7400 | 45.57 | 0.54 |
| 2023-03 | 2.40 | 6.73 | 0.65 | 0.9800 | 2.2300 | 26.81 | 0.10 |
| 2022-03 | 26.42 | 30.14 | 4.83 | 5.0600 | 2.0600 | 39.69 | 0.16 |
| 2022-09 | 20.45 | 23.46 | 9.95 | 11.7100 | 6.5900 | 43.74 | 0.42 |
| 2022-06 | 25.74 | 28.55 | 9.42 | 10.0600 | 4.0700 | 44.28 | 0.33 |
| 2021-06 | 25.55 | 26.78 | 12.60 | 15.0800 | 3.0600 | 40.18 | 0.47 |
| 2021-09 | 28.79 | 30.19 | 19.94 | 26.1800 | 4.7000 | 44.39 | 0.66 |
| 2021-12 | 27.33 | 29.05 | 16.93 | 32.7700 | 7.2900 | 60.00 | 0.58 |
| 2020-12 | 16.33 | 18.52 | 16.21 | 19.7200 | 6.2300 | 32.61 | 0.88 |
| 2021-03 | 25.62 | 27.75 | 7.01 | 8.0700 | -- | 37.27 | 0.25 |
| 2020-09 | 14.84 | 17.31 | 11.40 | 13.7700 | 5.5400 | 22.24 | 0.66 |
| 2020-03 | 100.00 | 17.10 | -- | -- | -- | -- | -- |
| 2020-06 | 13.40 | 15.47 | 7.07 | 7.7500 | 3.5900 | 21.53 | 0.46 |
| 2019-12 | 15.32 | 18.62 | 16.99 | 21.0200 | 6.1100 | 29.29 | 0.91 |
| 2019-09 | 17.23 | 20.42 | -- | -- | -- | -- | -- |
| 2019-06 | 18.94 | 21.75 | 11.30 | 12.2200 | 3.2000 | 26.01 | 0.52 |
| 2018-12 | 20.49 | 21.70 | 22.38 | 33.2400 | 8.7200 | 29.03 | 1.03 |
| 2017-12 | 14.57 | 14.92 | 13.33 | 20.1100 | 12.6600 | 17.67 | 0.89 |
| 2018-06 | 18.50 | 20.82 | 13.55 | 16.5900 | 5.1500 | -- | 0.65 |
| 2016-12 | -1.12 | -0.04 | -0.04 | 0.2200 | 11.2600 | 14.87 | 0.96 |
| 2016-06 | -5.26 | -3.92 | -1.74 | -2.3800 | 5.1200 | 10.32 | 0.44 |
| 2017-06 | 10.73 | 11.38 | 6.35 | 7.3400 | 6.7900 | 14.21 | 0.56 |
| 2015-06 | -0.53 | 0.17 | 0.07 | 0.0500 | 4.5800 | 12.83 | 0.44 |
| 2014-12 | 5.57 | 6.25 | 6.64 | 8.4800 | 9.4100 | 18.71 | 1.06 |
| 2015-12 | -1.34 | -0.02 | -0.02 | 0.0700 | 8.7700 | 14.24 | 0.89 |
| 2013-12 | 2.71 | 3.20 | 3.12 | 4.2300 | 10.0100 | 18.11 | 0.98 |
| 2014-06 | 9.75 | 10.07 | -- | 7.0900 | -- | -- | -- |
| 2014-04 | 11.04 | 11.43 | 4.10 | 5.4600 | -- | -- | 0.36 |
| 2012-12 | 1.19 | 1.30 | 1.24 | 1.9900 | 12.7300 | 17.04 | 0.95 |
| 2025-06 | -0.27 | 1.21 | 0.35 | 0.5700 | 5.9500 | 27.82 | 0.29 |
| 2025-09 | -1.35 | 0.12 | 0.05 | -- | 8.6300 | 30.41 | 0.42 |
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 | 45.62 | 54.38 | 1.2900 | 0.7300 |
| 2025-03 | 44.86 | 55.14 | 1.2800 | 0.7400 |
| 2024-09 | 44.74 | 55.30 | 1.4600 | 0.6600 |
| 2024-03 | 42.02 | 57.98 | 2.1400 | 0.8700 |
| 2024-06 | 43.71 | 56.29 | 1.6100 | 0.7300 |
| 2023-09 | 38.48 | 61.52 | 2.1700 | 0.7300 |
| 2023-06 | 36.89 | 63.11 | 2.8100 | 1.1000 |
| 2023-12 | 41.02 | 58.98 | 1.9300 | 0.7100 |
| 2022-12 | 26.44 | 73.56 | 2.8600 | 1.1600 |
| 2023-03 | 30.39 | 69.61 | 2.9000 | 0.9700 |
| 2022-03 | 13.78 | 86.28 | 6.3500 | 2.9100 |
| 2022-09 | 23.26 | 76.74 | 3.3800 | 1.5100 |
| 2022-06 | 17.97 | 82.03 | 4.3100 | 1.7400 |
| 2021-06 | 22.20 | 77.80 | 3.0800 | 2.1800 |
| 2021-09 | 23.21 | 76.79 | 2.9900 | 2.3300 |
| 2021-12 | 15.24 | 84.70 | 5.7700 | 4.1400 |
| 2020-12 | 20.33 | 79.67 | 3.4900 | 2.6100 |
| 2021-03 | 21.89 | 78.11 | -- | -- |
| 2020-09 | 22.38 | 77.48 | 3.3000 | 2.7500 |
| 2020-03 | -- | -- | -- | -- |
| 2020-06 | 23.13 | 76.87 | 2.9400 | 2.3400 |
| 2019-12 | 20.45 | 79.55 | 3.5100 | 2.7600 |
| 2019-09 | -- | -- | -- | -- |
| 2019-06 | 15.46 | 84.46 | 4.7000 | 3.4400 |
| 2018-12 | 27.86 | 72.14 | 2.4100 | 1.5100 |
| 2017-12 | 32.43 | 67.57 | 1.7900 | 1.3500 |
| 2018-06 | 20.03 | 79.80 | 3.2900 | 2.0300 |
| 2016-12 | 22.70 | 77.24 | 1.8400 | 1.2500 |
| 2016-06 | 28.31 | 71.95 | 1.4700 | 1.1200 |
| 2017-06 | 18.17 | 81.74 | 2.3400 | 1.4800 |
| 2015-06 | 34.04 | 65.96 | 1.2600 | 0.8600 |
| 2014-12 | 31.21 | 68.79 | 1.2700 | 0.8700 |
| 2015-12 | 33.41 | 66.59 | 1.3600 | 0.8800 |
| 2013-12 | 33.89 | 65.87 | 1.1400 | 0.7100 |
| 2014-06 | -- | -- | -- | -- |
| 2014-04 | 38.77 | 61.23 | -- | -- |
| 2012-12 | 38.18 | 61.82 | 1.2400 | 0.8900 |
| 2025-06 | 45.40 | 54.56 | 1.1100 | 0.6900 |
| 2025-09 | 47.58 | 52.42 | -- | 0.6600 |
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 | 1322000000.0000 | 5610600.0000 | 84034500.0000 | 14636300.0000 |
| 2025-03 | 373000000.0000 | 1612200.0000 | 24333300.0000 | 3124800.0000 |
| 2024-09 | 932000000.0000 | 3814700.0000 | 58306300.0000 | 9638100.0000 |
| 2024-03 | 312000000.0000 | 1059900.0000 | 17469300.0000 | 2979500.0000 |
| 2024-06 | 619000000.0000 | 2337200.0000 | 35723600.0000 | 6758200.0000 |
| 2023-09 | 689000000.0000 | 2990100.0000 | 46891600.0000 | 4189700.0000 |
| 2023-06 | 423000000.0000 | 1979100.0000 | 27646300.0000 | 2582900.0000 |
| 2023-12 | 1012000000.0000 | 4167000.0000 | 68896200.0000 | 8896000.0000 |
| 2022-12 | 889000000.0000 | 4150500.0000 | 45043300.0000 | 2288100.0000 |
| 2023-03 | 203000000.0000 | 1047700.0000 | 13876300.0000 | 149900.0000 |
| 2022-03 | 195000000.0000 | 895400.0000 | 12313600.0000 | -193400.0000 |
| 2022-09 | 634000000.0000 | 2851200.0000 | 44903200.0000 | 359600.0000 |
| 2022-06 | 424000000.0000 | 1790300.0000 | 28137500.0000 | 730700.0000 |
| 2021-06 | 303000000.0000 | 1609700.0000 | 27003200.0000 | 808700.0000 |
| 2021-09 | 460000000.0000 | 2279600.0000 | 40739600.0000 | 623000.0000 |
| 2021-12 | 678000000.0000 | 3679100.0000 | 74713200.0000 | 1866400.0000 |
| 2020-12 | 533000000.0000 | 35859000.0000 | 47041400.0000 | 962800.0000 |
| 2021-03 | 151000000.0000 | 717900.0000 | 11989800.0000 | -92900.0000 |
| 2020-09 | 396000000.0000 | 27153100.0000 | 31061400.0000 | -753200.0000 |
| 2020-03 | -- | -- | -- | -- |
| 2020-06 | 265000000.0000 | 17837900.0000 | 20628900.0000 | 288700.0000 |
| 2019-12 | 514000000.0000 | 29030700.0000 | 54939600.0000 | 711700.0000 |
| 2019-09 | 365000000.0000 | 20639500.0000 | 30617800.0000 | 538600.0000 |
| 2019-06 | 244000000.0000 | 12099300.0000 | 21886300.0000 | 283600.0000 |
| 2018-12 | 524000000.0000 | 22948100.0000 | 47303700.0000 | 502800.0000 |
| 2017-12 | 393000000.0000 | 24472100.0000 | 29709600.0000 | 1353400.0000 |
| 2018-06 | 260000000.0000 | 11843500.0000 | 19027700.0000 | 369300.0000 |
| 2016-12 | 360000000.0000 | 15712500.0000 | 45233800.0000 | 2853300.0000 |
| 2016-06 | 180000000.0000 | 6876000.0000 | 18482700.0000 | 1874400.0000 |
| 2017-06 | 183000000.0000 | 10546200.0000 | 20610300.0000 | 704900.0000 |
| 2015-06 | 188000000.0000 | 7674900.0000 | 18302800.0000 | 3580300.0000 |
| 2014-12 | 424000000.0000 | 15514300.0000 | 41168700.0000 | 8728300.0000 |
| 2015-12 | 379000000.0000 | 14358700.0000 | 38382700.0000 | 6874600.0000 |
| 2013-12 | 395000000.0000 | 8199400.0000 | 38203400.0000 | 8187300.0000 |
| 2014-06 | 213000000.0000 | 8030700.0000 | 19782300.0000 | 4301000.0000 |
| 2014-04 | 145000000.0000 | 5325400.0000 | 13098700.0000 | 3115100.0000 |
| 2012-12 | 415000000.0000 | 13817500.0000 | 39153200.0000 | 8812100.0000 |
| 2025-06 | 750000000.0000 | 3327500.0000 | 43184200.0000 | 6815800.0000 |
| 2025-09 | 1124000000.0000 | 5041100.0000 | 65676900.0000 | 8871200.0000 |