中商官网
研究报告
恒尚节能（603137）
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 | 460000000.0000 | 7.23 | 53620000.0000 | -4.07 | 53689700.0000 | -3.95 | 47555500.0000 | -5.08 |
| 2024-12-31 | 2159000000.0000 | -2.31 | 96976000.0000 | -29.21 | 97319000.0000 | -28.96 | 93353300.0000 | -26.49 |
| 2024-09-30 | 1522000000.0000 | -5.88 | 93725600.0000 | 8.67 | 94316200.0000 | 5.93 | 87494700.0000 | 3.17 |
| 2024-06-30 | 996000000.0000 | -2.26 | 70751300.0000 | -7.10 | 70993400.0000 | -7.71 | 66788700.0000 | -5.64 |
| 2024-03-31 | 429000000.0000 | -8.92 | 55897700.0000 | -21.73 | 55897700.0000 | -21.60 | 50102100.0000 | -23.20 |
| 2023-12-31 | 2210000000.0000 | 13.68 | 137000000.0000 | 10.48 | 137000000.0000 | 5.38 | 127000000.0000 | 7.63 |
| 2023-06-30 | 1019000000.0000 | 64.62 | 76159700.0000 | 45.79 | 76927700.0000 | 40.52 | 70778300.0000 | 44.57 |
| 2023-09-30 | 1617000000.0000 | 42.59 | 86244400.0000 | 25.26 | 89038200.0000 | 22.45 | 84808900.0000 | 23.98 |
| 2023-03-31 | 471000000.0000 | 19.24 | 71415100.0000 | 4.63 | 71297100.0000 | 0.73 | 65236000.0000 | 7.76 |
| 2022-12-31 | 1944000000.0000 | -5.95 | 124000000.0000 | 28.37 | 130000000.0000 | 33.96 | 118000000.0000 | 32.61 |
| 2022-09-30 | 1134000000.0000 | -- | 68852100.0000 | -- | 72715600.0000 | -- | 68407500.0000 | -- |
| 2022-06-30 | 619000000.0000 | -33.87 | 52239500.0000 | -14.55 | 54744600.0000 | -9.73 | 48957700.0000 | -4.67 |
| 2022-03-31 | 395000000.0000 | -- | 68252000.0000 | -- | 70778700.0000 | -- | 60540600.0000 | -- |
| 2021-12-31 | 2067000000.0000 | 23.48 | 96595500.0000 | 15.42 | 97045200.0000 | 15.17 | 88983100.0000 | 15.03 |
| 2021-06-30 | 936000000.0000 | -- | 61133300.0000 | -- | 60643900.0000 | -- | 51355600.0000 | -- |
| 2018-12-31 | 1119000000.0000 | -- | 60712900.0000 | -- | 61338100.0000 | -- | 55558400.0000 | -- |
| 2019-12-31 | 1303000000.0000 | 16.44 | 59784000.0000 | -1.53 | 61045200.0000 | -0.48 | 52712900.0000 | -5.12 |
| 2020-12-31 | 1674000000.0000 | 28.47 | 83691200.0000 | 39.99 | 84262100.0000 | 38.03 | 77356500.0000 | 46.75 |
| 2025-06-30 | 930000000.0000 | -6.63 | 52982000.0000 | -25.12 | 52846200.0000 | -25.56 | 45433100.0000 | -31.97 |
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 | 11.52 | 11.67 | 1.63 | 3.8500 | 4.0300 | 2.75 | 0.14 |
| 2024-12 | 4.35 | 4.51 | 2.71 | 7.9600 | 21.9900 | 3.40 | 0.60 |
| 2024-09 | 5.98 | 6.20 | 2.78 | 7.4400 | 13.2300 | 3.76 | 0.45 |
| 2024-06 | 6.93 | 7.13 | 2.17 | 5.7000 | 8.9500 | 3.83 | 0.31 |
| 2024-03 | 13.05 | 13.03 | 1.84 | 4.2900 | 4.2300 | 3.34 | 0.14 |
| 2023-12 | 6.06 | 6.20 | 3.97 | 13.7300 | 23.3400 | 4.19 | 0.64 |
| 2023-06 | 7.46 | 7.55 | 2.48 | 9.5100 | 9.2900 | 4.56 | 0.33 |
| 2023-09 | 5.19 | 5.51 | 2.75 | 9.9300 | 13.5000 | 4.46 | 0.50 |
| 2023-03 | 15.07 | 15.14 | 3.06 | 11.0000 | 4.4000 | 4.61 | 0.20 |
| 2022-12 | 6.38 | 6.69 | 4.78 | 23.7400 | 19.7200 | 4.52 | 0.71 |
| 2022-09 | 6.08 | 6.41 | -- | -- | -- | -- | -- |
| 2022-06 | 8.40 | 8.84 | 2.99 | 10.5900 | 5.3500 | 4.33 | 0.34 |
| 2022-03 | 17.22 | 17.92 | -- | 13.0000 | -- | -- | -- |
| 2021-12 | 4.64 | 4.69 | 4.46 | 22.6300 | 24.1400 | 6.89 | 0.95 |
| 2021-06 | 6.52 | 6.48 | 3.52 | 13.7200 | 10.8700 | 8.50 | 0.54 |
| 2018-12 | 5.27 | 5.48 | 5.76 | 41.0200 | 6.0900 | 2.03 | 1.05 |
| 2019-12 | 4.60 | 4.68 | 4.69 | 24.3000 | 4.9100 | 2.34 | 1.00 |
| 2020-12 | 4.96 | 5.03 | 5.00 | 24.6000 | 7.7600 | 4.05 | 0.99 |
| 2025-06 | 5.38 | 5.68 | 1.59 | -- | -- | -- | 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 |
| 2025-03 | 61.77 | 38.23 | 1.5700 | 1.4900 |
| 2024-12 | 66.27 | 33.73 | 1.4400 | 1.3800 |
| 2024-09 | 64.44 | 35.53 | 1.5100 | 1.4300 |
| 2024-06 | 63.74 | 36.26 | 1.5100 | 1.4300 |
| 2024-03 | 60.81 | 39.19 | 1.5800 | 1.5000 |
| 2023-12 | 66.90 | 33.10 | 1.4700 | 1.4200 |
| 2023-06 | 64.92 | 35.08 | 1.5300 | 1.4600 |
| 2023-09 | 66.01 | 33.99 | 1.4800 | 1.4000 |
| 2023-03 | 73.38 | 26.62 | 1.5600 | 1.4900 |
| 2022-12 | 79.60 | 20.40 | 1.4000 | 1.3400 |
| 2022-09 | -- | -- | -- | -- |
| 2022-06 | 73.36 | 26.64 | 1.5700 | 1.4100 |
| 2022-03 | -- | -- | -- | -- |
| 2021-12 | 79.88 | 20.12 | 1.1200 | 1.0600 |
| 2021-06 | 76.76 | 23.24 | 1.1300 | 1.0500 |
| 2018-12 | 85.81 | 14.19 | 1.0100 | 0.7700 |
| 2019-12 | 78.86 | 21.21 | 1.2000 | 0.8100 |
| 2020-12 | 79.36 | 20.70 | 1.1100 | 1.0500 |
| 2025-06 | 62.71 | 37.29 | -- | 1.4600 |
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 | 407000000.0000 | 4120700.0000 | 10568500.0000 | 4200900.0000 |
| 2024-12 | 2065000000.0000 | 19392800.0000 | 54087500.0000 | 16862800.0000 |
| 2024-09 | 1431000000.0000 | 15345600.0000 | 32514400.0000 | 11243300.0000 |
| 2024-06 | 927000000.0000 | 11288900.0000 | 22047900.0000 | 7444300.0000 |
| 2024-03 | 373000000.0000 | 5088500.0000 | 11253700.0000 | 3212800.0000 |
| 2023-12 | 2076000000.0000 | 20025300.0000 | 50617200.0000 | 23004600.0000 |
| 2023-06 | 943000000.0000 | 10050300.0000 | 24572900.0000 | 14242200.0000 |
| 2023-09 | 1533000000.0000 | 14577300.0000 | 35634100.0000 | 19901100.0000 |
| 2023-03 | 400000000.0000 | 5792800.0000 | 11857000.0000 | 6540200.0000 |
| 2022-12 | 1820000000.0000 | 17017000.0000 | 50688500.0000 | 29679800.0000 |
| 2022-09 | 1065000000.0000 | 14219000.0000 | 36105600.0000 | 19691600.0000 |
| 2022-06 | 567000000.0000 | 7737700.0000 | 23345400.0000 | 12222000.0000 |
| 2022-03 | 327000000.0000 | 4970400.0000 | 10641600.0000 | 5549300.0000 |
| 2021-12 | 1971000000.0000 | 18267100.0000 | 51562600.0000 | 22931400.0000 |
| 2021-06 | 875000000.0000 | 7255800.0000 | 27214400.0000 | 10714600.0000 |
| 2018-12 | 1060000000.0000 | 14532900.0000 | 39934600.0000 | 16689500.0000 |
| 2019-12 | 1243000000.0000 | 18963800.0000 | 48227200.0000 | 16715200.0000 |
| 2020-12 | 1591000000.0000 | 12747100.0000 | 40977800.0000 | 21520200.0000 |
| 2025-06 | 880000000.0000 | 9566900.0000 | 21087100.0000 | 8327800.0000 |