中商官网
研究报告
华鲁恒升（600426）
主要经济指标
| 类别\年份 | 营业收入 （元) |
营业利润 （元) |
利润总额 （元) |
净利润 （元) |
资产总计 （元) |
负债合计 （元) |
股东权益合计 （元) |
| 1999 | 398000000.0000 | 70443600.0000 | 70443600.0000 | 47197200.0000 | -- | -- | -- |
| 2000 | 392000000.0000 | 51202500.0000 | 51465200.0000 | 34382100.0000 | 431000000.0000 | 263000000.0000 | 168000000.0000 |
| 2001 | 375000000.0000 | 44645100.0000 | 44725700.0000 | 33574800.0000 | 448000000.0000 | 275000000.0000 | 173000000.0000 |
| 2002 | 451000000.0000 | 53892600.0000 | 61224300.0000 | 45955100.0000 | 896000000.0000 | 318000000.0000 | 578000000.0000 |
| 2003 | 652000000.0000 | 97849000.0000 | 104000000.0000 | 78760300.0000 | 1603000000.0000 | 966000000.0000 | 637000000.0000 |
| 2004 | 993000000.0000 | 153000000.0000 | 152000000.0000 | 126000000.0000 | 2385000000.0000 | 1647000000.0000 | 738000000.0000 |
| 2005 | 1352000000.0000 | 202000000.0000 | 218000000.0000 | 176000000.0000 | 2764000000.0000 | 1840000000.0000 | 924000000.0000 |
| 2006 | 1815000000.0000 | 295000000.0000 | 295000000.0000 | 234000000.0000 | 4045000000.0000 | 2331000000.0000 | 1714000000.0000 |
| 2007 | 2868000000.0000 | 421000000.0000 | 421000000.0000 | 325000000.0000 | 4113000000.0000 | 2107000000.0000 | 2007000000.0000 |
| 2008 | 3444000000.0000 | 453000000.0000 | 457000000.0000 | 382000000.0000 | 5216000000.0000 | 2832000000.0000 | 2383000000.0000 |
| 2009 | 3998000000.0000 | 500000000.0000 | 502000000.0000 | 425000000.0000 | 6179000000.0000 | 3420000000.0000 | 2759000000.0000 |
| 2010 | 4738000000.0000 | 290000000.0000 | 300000000.0000 | 254000000.0000 | 9035000000.0000 | 4256000000.0000 | 4779000000.0000 |
| 2011 | 5195000000.0000 | 411000000.0000 | 418000000.0000 | 355000000.0000 | 10633000000.0000 | 5562000000.0000 | 5071000000.0000 |
| 2012 | 7003000000.0000 | 529000000.0000 | 532000000.0000 | 452000000.0000 | 12029000000.0000 | 6507000000.0000 | 5522000000.0000 |
| 2013 | 8469000000.0000 | 575000000.0000 | 578000000.0000 | 490000000.0000 | 12750000000.0000 | 6881000000.0000 | 5869000000.0000 |
| 2014 | 9710000000.0000 | 955000000.0000 | 955000000.0000 | 804000000.0000 | 13050000000.0000 | 6437000000.0000 | 6613000000.0000 |
| 2015 | 8651000000.0000 | 1063000000.0000 | 1067000000.0000 | 905000000.0000 | 11609000000.0000 | 4234000000.0000 | 7375000000.0000 |
| 2016 | 7701000000.0000 | 1035000000.0000 | 1034000000.0000 | 875000000.0000 | 13206000000.0000 | 5044000000.0000 | 8161000000.0000 |
| 2017 | 10408000000.0000 | 1449000000.0000 | 1438000000.0000 | 1222000000.0000 | 16022000000.0000 | 6733000000.0000 | 9289000000.0000 |
| 2018 | 14357000000.0000 | 3569000000.0000 | 3565000000.0000 | 3020000000.0000 | 18657000000.0000 | 6589000000.0000 | 12068000000.0000 |
| 2019 | 14190000000.0000 | 2899000000.0000 | 2896000000.0000 | 2453000000.0000 | 18187000000.0000 | 3956000000.0000 | 14231000000.0000 |
| 2020 | 13115000000.0000 | 2127000000.0000 | 2123000000.0000 | 1798000000.0000 | 20549000000.0000 | 4901000000.0000 | 15649000000.0000 |
| 2021 | 26744000000.0000 | 8526000000.0000 | 8543000000.0000 | 7270000000.0000 | 28653000000.0000 | 5948000000.0000 | 22705000000.0000 |
| 2022 | 30245000000.0000 | 7604000000.0000 | 7411000000.0000 | 6288000000.0000 | 35005000000.0000 | 7085000000.0000 | 27921000000.0000 |
| 2023 | 27260000000.0000 | 4428000000.0000 | 4281000000.0000 | 3622000000.0000 | 44051000000.0000 | 13614000000.0000 | 30438000000.0000 |
| 2024 | 34226000000.0000 | 5008000000.0000 | 5015000000.0000 | 4178000000.0000 | 46658000000.0000 | 13830000000.0000 | 32828000000.0000 |
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) |
| 1999 | 17.59 | 17.70 | -- | -- | -- | -- | -- |
| 2000 | 12.76 | 13.13 | 11.94 | 20.5600 | 11.1600 | 36.51 | 0.91 |
| 2001 | 10.13 | 11.93 | 9.98 | 18.1800 | 11.4200 | 39.13 | 0.84 |
| 2002 | 11.53 | 13.58 | 6.83 | 12.2800 | 11.2200 | 59.21 | 0.50 |
| 2003 | 14.88 | 15.95 | 6.49 | 12.7600 | 11.2300 | 191.49 | 0.41 |
| 2004 | 15.31 | 15.31 | 6.37 | 18.3500 | 10.0700 | -- | 0.42 |
| 2005 | 14.94 | 16.12 | 7.89 | 21.5800 | 8.8600 | -- | 0.49 |
| 2006 | 16.25 | 16.25 | 7.29 | 21.7000 | 9.1900 | -- | 0.45 |
| 2007 | 14.68 | 14.68 | 10.24 | 17.2400 | 12.2000 | 63.05 | 0.70 |
| 2008 | 13.15 | 13.27 | 8.76 | 17.1700 | 9.8500 | -- | 0.66 |
| 2009 | 12.51 | 12.56 | 8.12 | 16.5600 | 10.9700 | 219.51 | 0.65 |
| 2010 | 6.12 | 6.33 | 3.32 | 8.8900 | 13.0400 | 285.71 | 0.52 |
| 2011 | 7.91 | 8.05 | 3.93 | 7.1900 | 9.0700 | 333.33 | 0.49 |
| 2012 | 7.55 | 7.60 | 4.42 | 8.5300 | 10.5100 | 295.08 | 0.58 |
| 2013 | 6.79 | 6.82 | 4.53 | 8.5800 | 14.6200 | 302.52 | 0.66 |
| 2014 | 9.82 | 9.84 | 7.32 | 12.9200 | 20.4000 | 342.86 | 0.74 |
| 2015 | 12.29 | 12.33 | 9.19 | 12.9800 | 23.6200 | 281.25 | 0.75 |
| 2016 | 13.44 | 13.43 | 7.83 | 11.2700 | 16.0500 | 327.27 | 0.58 |
| 2017 | 13.92 | 13.82 | 8.98 | 14.0200 | 18.1700 | 356.44 | 0.65 |
| 2018 | 24.76 | 24.83 | 19.11 | 28.3300 | 20.8200 | 444.44 | 0.77 |
| 2019 | 20.00 | 20.41 | 15.92 | 18.6500 | 23.0400 | 493.15 | 0.78 |
| 2020 | 15.88 | 16.19 | 10.33 | 12.1100 | 34.0900 | 455.70 | 0.64 |
| 2021 | 31.74 | 31.94 | 29.82 | 38.5300 | 26.1900 | 537.31 | 0.93 |
| 2022 | 24.89 | 24.50 | 21.17 | 25.5800 | 19.4300 | 529.41 | 0.86 |
| 2023 | 16.20 | 15.70 | 9.72 | 12.8100 | 16.1900 | 571.43 | 0.62 |
| 2024 | 14.15 | 14.65 | 10.75 | 13.0500 | 19.7900 | 486.49 | 0.73 |
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 |
| 1999 | -- | -- | -- | -- |
| 2000 | 61.02 | 38.98 | 0.5500 | 0.2900 |
| 2001 | 61.38 | 38.62 | 0.4400 | 0.2600 |
| 2002 | 35.49 | 64.51 | 1.3400 | 1.0300 |
| 2003 | 60.26 | 39.74 | 2.2500 | 1.7400 |
| 2004 | 69.06 | 30.94 | 1.1400 | 0.8100 |
| 2005 | 66.57 | 33.43 | 1.6000 | 1.0700 |
| 2006 | 57.63 | 42.37 | 1.8900 | 1.5100 |
| 2007 | 51.23 | 48.80 | 1.3900 | 0.8300 |
| 2008 | 54.29 | 45.69 | 1.1200 | 0.5400 |
| 2009 | 55.35 | 44.65 | 1.5700 | 0.8300 |
| 2010 | 47.11 | 52.89 | 3.6900 | 2.4800 |
| 2011 | 52.31 | 47.69 | 0.9800 | 0.4800 |
| 2012 | 54.09 | 45.91 | 1.3700 | 0.9300 |
| 2013 | 53.97 | 46.03 | 0.9500 | 0.5900 |
| 2014 | 49.33 | 50.67 | 1.1100 | 0.8600 |
| 2015 | 36.47 | 63.53 | 0.6200 | 0.4000 |
| 2016 | 38.19 | 61.80 | 0.6800 | 0.4100 |
| 2017 | 42.02 | 57.98 | 0.6200 | 0.4000 |
| 2018 | 35.32 | 64.68 | 1.0900 | 0.6000 |
| 2019 | 21.75 | 78.25 | 1.4300 | 1.2200 |
| 2020 | 23.85 | 76.15 | 0.8800 | 0.6800 |
| 2021 | 20.76 | 79.24 | 1.9900 | 1.6000 |
| 2022 | 20.24 | 79.76 | 2.4000 | 1.7400 |
| 2023 | 30.91 | 69.10 | 1.3700 | 0.7600 |
| 2024 | 29.64 | 70.36 | 1.3300 | 0.6200 |
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) |
| 1999 | 328000000.0000 | 5674100.0000 | 19467500.0000 | 927600.0000 |
| 2000 | 342000000.0000 | 4466900.0000 | 17031100.0000 | 7793400.0000 |
| 2001 | 337000000.0000 | 4308200.0000 | 14654900.0000 | 8393600.0000 |
| 2002 | 399000000.0000 | 4145700.0000 | 26276900.0000 | 7824800.0000 |
| 2003 | 555000000.0000 | 7317600.0000 | 21020500.0000 | 8104700.0000 |
| 2004 | 841000000.0000 | 14607500.0000 | 24712500.0000 | 9395600.0000 |
| 2005 | 1150000000.0000 | 19028800.0000 | 26202200.0000 | 6337500.0000 |
| 2006 | 1520000000.0000 | 30162800.0000 | 35644800.0000 | 14000800.0000 |
| 2007 | 2447000000.0000 | 93419100.0000 | 42397600.0000 | 42688700.0000 |
| 2008 | 2991000000.0000 | 94505300.0000 | 56603100.0000 | 139000000.0000 |
| 2009 | 3498000000.0000 | 87644700.0000 | 77011100.0000 | 133000000.0000 |
| 2010 | 4448000000.0000 | 101000000.0000 | 78452000.0000 | 157000000.0000 |
| 2011 | 4784000000.0000 | 95346600.0000 | 85164600.0000 | 182000000.0000 |
| 2012 | 6474000000.0000 | 141000000.0000 | 82202900.0000 | 287000000.0000 |
| 2013 | 7894000000.0000 | 167000000.0000 | 99678100.0000 | 309000000.0000 |
| 2014 | 8756000000.0000 | 177000000.0000 | 151000000.0000 | 319000000.0000 |
| 2015 | 7588000000.0000 | 185000000.0000 | 233000000.0000 | 256000000.0000 |
| 2016 | 6666000000.0000 | 167000000.0000 | 154000000.0000 | 147000000.0000 |
| 2017 | 8959000000.0000 | 189000000.0000 | 118000000.0000 | 155000000.0000 |
| 2018 | 10802000000.0000 | 261000000.0000 | 141000000.0000 | 188000000.0000 |
| 2019 | 11352000000.0000 | 372000000.0000 | 156000000.0000 | 172000000.0000 |
| 2020 | 11032000000.0000 | 43035800.0000 | 177000000.0000 | 116000000.0000 |
| 2021 | 18256000000.0000 | 63236800.0000 | 276000000.0000 | 114000000.0000 |
| 2022 | 22716000000.0000 | 51699000.0000 | 262000000.0000 | 90056200.0000 |
| 2023 | 22844000000.0000 | 60126100.0000 | 336000000.0000 | 91154500.0000 |
| 2024 | 29383000000.0000 | 88956600.0000 | 335000000.0000 | 240000000.0000 |