中商官网
研究报告
惠达卫浴（603385）
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 | 663000000.0000 | -3.77 | 10675600.0000 | -62.69 | 10752300.0000 | -63.08 | 7965000.0000 | -68.40 |
| 2024-12-31 | 3462000000.0000 | -3.94 | 166000000.0000 | -182.59 | 163000000.0000 | -192.61 | 129000000.0000 | -164.50 |
| 2024-06-30 | 1582000000.0000 | -3.48 | 64475400.0000 | 22.09 | 62647700.0000 | -15.08 | 54508500.0000 | -3.99 |
| 2024-09-30 | 2475000000.0000 | -5.97 | 109000000.0000 | -479.60 | 108000000.0000 | -3324.75 | 85684100.0000 | -422.26 |
| 2023-12-31 | 3604000000.0000 | 5.41 | -201000000.0000 | -236.73 | -176000000.0000 | -210.69 | -200000000.0000 | -263.93 |
| 2024-03-31 | 689000000.0000 | 6.66 | 28612000.0000 | 298.64 | 29124300.0000 | 270.26 | 25207800.0000 | -1187.11 |
| 2023-09-30 | 2632000000.0000 | -0.04 | -28714800.0000 | -127.09 | -3349100.0000 | -103.02 | -26588100.0000 | -129.21 |
| 2023-03-31 | 646000000.0000 | -5.00 | 7177400.0000 | -149.46 | 7865900.0000 | -152.07 | -2318800.0000 | -71.21 |
| 2023-06-30 | 1639000000.0000 | -5.04 | 52808700.0000 | -33.13 | 73769100.0000 | -5.93 | 56776400.0000 | -10.09 |
| 2022-12-31 | 3419000000.0000 | -12.18 | 147000000.0000 | -58.82 | 159000000.0000 | -47.70 | 122000000.0000 | -48.74 |
| 2022-09-30 | 2633000000.0000 | -7.26 | 106000000.0000 | -67.18 | 111000000.0000 | -61.32 | 91016800.0000 | -61.60 |
| 2022-06-30 | 1726000000.0000 | -0.98 | 78971500.0000 | -45.91 | 78420300.0000 | -46.29 | 63150200.0000 | -48.66 |
| 2021-12-31 | 3893000000.0000 | 20.98 | 357000000.0000 | -3.25 | 304000000.0000 | -17.39 | 238000000.0000 | -24.92 |
| 2022-03-31 | 680000000.0000 | -4.09 | -14510900.0000 | -130.80 | -15106400.0000 | -132.10 | -8054300.0000 | -118.92 |
| 2021-06-30 | 1743000000.0000 | 32.35 | 146000000.0000 | -2.67 | 146000000.0000 | -2.67 | 123000000.0000 | -5.38 |
| 2021-09-30 | 2839000000.0000 | 27.31 | 323000000.0000 | 16.61 | 287000000.0000 | 3.99 | 237000000.0000 | 1.28 |
| 2021-03-31 | 709000000.0000 | 42.94 | 47114600.0000 | 38.20 | 47058000.0000 | 42.73 | 42578400.0000 | 58.92 |
| 2020-09-30 | 2230000000.0000 | -4.04 | 277000000.0000 | -2.12 | 276000000.0000 | -2.47 | 234000000.0000 | -2.50 |
| 2020-12-31 | 3218000000.0000 | 0.25 | 369000000.0000 | -12.14 | 368000000.0000 | -12.17 | 317000000.0000 | -8.38 |
| 2020-03-31 | 496000000.0000 | -24.39 | 34092200.0000 | -51.03 | 32970100.0000 | -52.64 | 26792600.0000 | -51.95 |
| 2020-06-30 | 1317000000.0000 | -11.13 | 150000000.0000 | -18.92 | 150000000.0000 | -18.92 | 130000000.0000 | -13.91 |
| 2019-09-30 | 2324000000.0000 | 7.54 | 283000000.0000 | 15.98 | 283000000.0000 | 14.57 | 240000000.0000 | 10.09 |
| 2019-12-31 | 3210000000.0000 | 10.69 | 420000000.0000 | 43.84 | 419000000.0000 | 41.55 | 346000000.0000 | 33.59 |
| 2019-06-30 | 1482000000.0000 | 6.93 | 185000000.0000 | 28.47 | 185000000.0000 | 25.00 | 151000000.0000 | 16.15 |
| 2018-12-31 | 2900000000.0000 | 5.53 | 292000000.0000 | -0.68 | 296000000.0000 | -0.34 | 259000000.0000 | 1.97 |
| 2019-03-31 | 656000000.0000 | 0.31 | 69612200.0000 | 20.51 | 69617800.0000 | 20.55 | 55762300.0000 | 11.25 |
| 2018-09-30 | 2161000000.0000 | 4.55 | 244000000.0000 | 11.93 | 247000000.0000 | 7.39 | 218000000.0000 | 10.10 |
| 2018-03-31 | 654000000.0000 | 14.14 | 57763000.0000 | 19.53 | 57749600.0000 | 13.28 | 50122900.0000 | 12.56 |
| 2018-06-30 | 1386000000.0000 | 4.13 | 144000000.0000 | 9.92 | 148000000.0000 | 5.71 | 130000000.0000 | 8.33 |
| 2017-09-30 | 2067000000.0000 | 25.96 | 218000000.0000 | 39.74 | 230000000.0000 | 21.69 | 198000000.0000 | 26.11 |
| 2017-12-31 | 2748000000.0000 | 20.69 | 294000000.0000 | 25.11 | 297000000.0000 | 8.00 | 254000000.0000 | 7.63 |
| 2017-06-30 | 1331000000.0000 | 26.28 | 131000000.0000 | 77.10 | 140000000.0000 | 35.92 | 120000000.0000 | 46.11 |
| 2017-03-31 | 573000000.0000 | 26.77 | 48326500.0000 | 82.85 | 50980600.0000 | 25.83 | 44528000.0000 | 39.18 |
| 2016-12-31 | 2277000000.0000 | 2.02 | 235000000.0000 | 94.21 | 275000000.0000 | 96.43 | 236000000.0000 | 129.13 |
| 2016-09-30 | 1641000000.0000 | -- | 156000000.0000 | -- | 189000000.0000 | -- | 157000000.0000 | -- |
| 2016-06-30 | 1054000000.0000 | -- | 73967900.0000 | -- | 103000000.0000 | -- | 82131800.0000 | -- |
| 2015-12-31 | 2232000000.0000 | 6.64 | 121000000.0000 | -31.25 | 140000000.0000 | -26.70 | 103000000.0000 | -35.22 |
| 2016-03-31 | 452000000.0000 | -- | 26430200.0000 | -- | 40516100.0000 | -- | 31993900.0000 | -- |
| 2012-12-31 | 1773000000.0000 | -- | 148000000.0000 | -- | 155000000.0000 | -- | 116000000.0000 | -- |
| 2013-12-31 | 1856000000.0000 | 4.68 | 137000000.0000 | -7.43 | 142000000.0000 | -8.39 | 110000000.0000 | -5.17 |
| 2014-12-31 | 2093000000.0000 | 12.77 | 176000000.0000 | 28.47 | 191000000.0000 | 34.51 | 159000000.0000 | 44.55 |
| 2025-06-30 | 1425000000.0000 | -9.92 | 10885200.0000 | -83.12 | 15734800.0000 | -74.88 | 11399400.0000 | -79.09 |
| 2025-09-30 | 2210000000.0000 | -10.71 | 10140800.0000 | -90.70 | 15906200.0000 | -85.27 | 7977100.0000 | -90.69 |
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 | -0.60 | 1.62 | 0.20 | 0.2900 | 0.5000 | 3.48 | 0.12 |
| 2024-12 | 2.51 | 4.71 | 2.94 | 3.7400 | 2.5600 | 4.35 | 0.63 |
| 2024-06 | 1.71 | 3.96 | 1.11 | 1.6400 | 1.1500 | 4.21 | 0.28 |
| 2024-09 | 2.26 | 4.36 | 1.86 | 2.5300 | 1.8000 | 4.34 | 0.43 |
| 2023-12 | -8.44 | -4.88 | -3.01 | -5.2200 | 2.4900 | 4.30 | 0.62 |
| 2024-03 | 1.02 | 4.23 | 0.51 | 0.7800 | 0.4800 | 3.64 | 0.12 |
| 2023-09 | -4.03 | -0.13 | -0.06 | -0.7000 | 1.7300 | 4.13 | 0.45 |
| 2023-03 | -2.32 | 1.22 | 0.13 | 0.0100 | 0.4100 | 3.17 | 0.11 |
| 2023-06 | 0.37 | 4.50 | 1.24 | 1.5100 | 1.0800 | 3.72 | 0.27 |
| 2022-12 | 2.84 | 4.65 | 2.66 | 3.3100 | 2.2800 | 3.66 | 0.57 |
| 2022-09 | 4.25 | 4.22 | 1.84 | 2.4500 | 1.7700 | 3.75 | 0.44 |
| 2022-06 | 3.13 | 4.54 | 1.26 | 1.7500 | 1.1700 | 3.46 | 0.28 |
| 2021-12 | 5.50 | 7.81 | 4.80 | 6.2300 | 3.0300 | 4.72 | 0.62 |
| 2022-03 | -6.32 | -2.22 | -0.25 | -0.0400 | 0.4900 | 2.91 | 0.11 |
| 2021-06 | 6.83 | 8.38 | 2.37 | 3.0000 | 1.5300 | 4.98 | 0.28 |
| 2021-09 | 8.35 | 10.11 | 4.49 | 6.0100 | 2.2200 | 4.91 | 0.44 |
| 2021-03 | 4.09 | 6.64 | 0.76 | 1.0800 | 0.6700 | 4.12 | 0.12 |
| 2020-09 | 10.45 | 12.38 | 5.23 | 6.6600 | 2.1300 | 4.65 | 0.42 |
| 2020-12 | 9.51 | 11.44 | 6.51 | 8.8300 | 3.0900 | 4.87 | 0.57 |
| 2020-03 | 5.04 | 6.65 | 0.66 | 0.8500 | 0.5100 | 3.21 | 0.10 |
| 2020-06 | 10.33 | 11.39 | 2.87 | 3.7500 | 1.3200 | 4.21 | 0.25 |
| 2019-09 | 11.32 | 12.18 | 5.96 | 7.0600 | 2.1500 | 5.13 | 0.49 |
| 2019-12 | 10.75 | 13.05 | 8.78 | 10.1000 | 3.0500 | 5.26 | 0.67 |
| 2019-06 | 10.46 | 12.48 | 3.98 | 4.4700 | 1.3800 | 5.01 | 0.32 |
| 2018-12 | 6.97 | 10.21 | 6.71 | 7.7900 | 2.9200 | 5.80 | 0.66 |
| 2019-03 | 7.47 | 10.61 | 1.52 | 1.6700 | 0.6500 | 4.58 | 0.14 |
| 2018-09 | 7.59 | 11.43 | 5.69 | 6.5600 | 2.1500 | 5.79 | 0.50 |
| 2018-03 | 5.05 | 8.83 | 1.41 | 1.4800 | 0.7300 | 6.03 | 0.16 |
| 2018-06 | 6.78 | 10.68 | 3.57 | 3.9300 | 1.4400 | 5.74 | 0.33 |
| 2017-09 | 8.56 | 11.13 | 5.74 | 7.2700 | 2.3100 | 6.72 | 0.52 |
| 2017-12 | 7.68 | 10.81 | 7.29 | 8.4800 | 2.9300 | 6.94 | 0.67 |
| 2017-06 | 8.11 | 10.52 | 3.45 | 4.5100 | 1.4800 | 6.53 | 0.33 |
| 2017-03 | 6.28 | 8.90 | 1.22 | 1.7600 | 0.7000 | 5.98 | 0.14 |
| 2016-12 | 7.60 | 12.08 | 8.32 | 10.9400 | 2.5700 | 6.00 | 0.69 |
| 2016-09 | 8.53 | 11.52 | -- | 7.1500 | -- | -- | -- |
| 2016-06 | 7.87 | 9.77 | 3.16 | 3.7600 | 1.2200 | 5.72 | 0.32 |
| 2015-12 | 7.26 | 6.27 | 4.50 | 4.3700 | 2.6000 | 6.11 | 0.72 |
| 2016-03 | 5.31 | 8.96 | -- | 1.5600 | -- | -- | -- |
| 2012-12 | 8.18 | 8.74 | 5.34 | 8.2700 | 2.3800 | 4.48 | 0.61 |
| 2013-12 | 6.14 | 7.65 | 4.59 | 5.4200 | 2.3700 | 5.09 | 0.60 |
| 2014-12 | 8.07 | 9.13 | 5.90 | 7.4800 | 2.4300 | 6.12 | 0.65 |
| 2025-06 | -1.68 | 1.10 | 0.30 | 0.4700 | 1.1200 | 3.68 | 0.28 |
| 2025-09 | -1.72 | 0.72 | 0.31 | -- | -- | -- | 0.43 |
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 | 26.87 | 73.13 | 2.1900 | 0.9300 |
| 2024-12 | 29.70 | 70.30 | 1.9900 | 0.9400 |
| 2024-06 | 31.02 | 68.99 | 1.6400 | 0.8000 |
| 2024-09 | 32.43 | 67.59 | 1.6500 | 0.8500 |
| 2023-12 | 34.36 | 65.64 | 1.3100 | 0.6100 |
| 2024-03 | 32.89 | 67.11 | 1.7300 | 0.8400 |
| 2023-09 | 31.17 | 68.81 | 1.6900 | 0.8400 |
| 2023-03 | 30.84 | 69.16 | 1.8200 | 0.9400 |
| 2023-06 | 31.43 | 68.57 | 1.7700 | 0.9300 |
| 2022-12 | 31.60 | 68.40 | 1.6800 | 0.9500 |
| 2022-09 | 32.67 | 67.33 | 1.7200 | 1.0500 |
| 2022-06 | 35.10 | 64.90 | 1.6700 | 1.0700 |
| 2021-12 | 36.00 | 64.00 | 1.9900 | 1.3200 |
| 2022-03 | 34.30 | 65.70 | 2.0000 | 1.3100 |
| 2021-06 | 36.64 | 63.36 | 2.2300 | 1.7000 |
| 2021-09 | 36.49 | 63.53 | 2.3000 | 1.6500 |
| 2021-03 | 36.88 | 63.12 | 2.2200 | 1.7500 |
| 2020-09 | 30.19 | 69.79 | 2.3000 | 1.7700 |
| 2020-12 | 31.93 | 68.07 | 2.2100 | 1.7100 |
| 2020-03 | 28.00 | 72.00 | 2.4600 | 1.8700 |
| 2020-06 | 31.56 | 68.44 | 2.1700 | 1.7000 |
| 2019-09 | 27.59 | 72.41 | 2.5200 | 1.8400 |
| 2019-12 | 25.59 | 74.41 | 2.6800 | 1.9900 |
| 2019-06 | 27.94 | 72.06 | 2.1000 | 1.3100 |
| 2018-12 | 24.88 | 75.12 | 2.3900 | 1.0900 |
| 2019-03 | 26.67 | 73.33 | 2.2400 | 1.0700 |
| 2018-09 | 24.60 | 75.40 | 2.5400 | 1.0800 |
| 2018-03 | 21.95 | 78.05 | 3.0100 | 1.0200 |
| 2018-06 | 23.22 | 76.80 | 2.7300 | 1.1100 |
| 2017-09 | 22.87 | 77.13 | 2.9500 | 1.5500 |
| 2017-12 | 22.79 | 77.21 | 2.9300 | 0.9100 |
| 2017-06 | 26.02 | 73.98 | 2.5900 | 1.6800 |
| 2017-03 | 29.22 | 70.81 | 2.3000 | 1.6600 |
| 2016-12 | 36.65 | 63.35 | 1.4900 | 0.7000 |
| 2016-09 | -- | -- | -- | -- |
| 2016-06 | 37.93 | 62.07 | 1.4400 | 0.8300 |
| 2015-12 | 35.13 | 64.87 | 1.4700 | 0.7500 |
| 2016-03 | -- | -- | -- | -- |
| 2012-12 | 36.72 | 63.28 | 1.4200 | 0.7300 |
| 2013-12 | 37.82 | 62.15 | 1.4300 | 0.6900 |
| 2014-12 | 38.09 | 61.91 | 1.3700 | 0.6700 |
| 2025-06 | 25.66 | 74.36 | 2.2500 | 0.9300 |
| 2025-09 | 0.00 | 0.00 | -- | -- |
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 | 667000000.0000 | 77596800.0000 | 64218100.0000 | -2198400.0000 |
| 2024-12 | 3375000000.0000 | 389000000.0000 | 234000000.0000 | 1558700.0000 |
| 2024-06 | 1555000000.0000 | 192000000.0000 | 113000000.0000 | 5485400.0000 |
| 2024-09 | 2419000000.0000 | 289000000.0000 | 175000000.0000 | 1688700.0000 |
| 2023-12 | 3908000000.0000 | 372000000.0000 | 242000000.0000 | 8900100.0000 |
| 2024-03 | 682000000.0000 | 86504000.0000 | 58884500.0000 | 810900.0000 |
| 2023-09 | 2738000000.0000 | 250000000.0000 | 191000000.0000 | 4738300.0000 |
| 2023-03 | 661000000.0000 | 72894800.0000 | 56641100.0000 | 7409500.0000 |
| 2023-06 | 1633000000.0000 | 172000000.0000 | 126000000.0000 | 5458200.0000 |
| 2022-12 | 3322000000.0000 | 308000000.0000 | 243000000.0000 | -6929200.0000 |
| 2022-09 | 2521000000.0000 | 230000000.0000 | 184000000.0000 | -24702700.0000 |
| 2022-06 | 1672000000.0000 | 142000000.0000 | 125000000.0000 | 10679700.0000 |
| 2021-12 | 3679000000.0000 | 323000000.0000 | 287000000.0000 | 30949900.0000 |
| 2022-03 | 723000000.0000 | 69863200.0000 | 64449600.0000 | 8412500.0000 |
| 2021-06 | 1624000000.0000 | 145000000.0000 | 129000000.0000 | 8564700.0000 |
| 2021-09 | 2602000000.0000 | 217000000.0000 | 202000000.0000 | -610700.0000 |
| 2021-03 | 680000000.0000 | 68834100.0000 | 63747100.0000 | -513700.0000 |
| 2020-09 | 1997000000.0000 | 219000000.0000 | 144000000.0000 | 14079000.0000 |
| 2020-12 | 2912000000.0000 | 265000000.0000 | 219000000.0000 | 36158400.0000 |
| 2020-03 | 471000000.0000 | 49039000.0000 | 47770300.0000 | -3915700.0000 |
| 2020-06 | 1181000000.0000 | 128000000.0000 | 86893500.0000 | 994700.0000 |
| 2019-09 | 2061000000.0000 | 212000000.0000 | 128000000.0000 | 12447700.0000 |
| 2019-12 | 2865000000.0000 | 303000000.0000 | 193000000.0000 | 10741900.0000 |
| 2019-06 | 1327000000.0000 | 131000000.0000 | 81150100.0000 | 7445500.0000 |
| 2018-12 | 2698000000.0000 | 288000000.0000 | 173000000.0000 | 7187200.0000 |
| 2019-03 | 607000000.0000 | 65770100.0000 | 39544000.0000 | 7229300.0000 |
| 2018-09 | 1997000000.0000 | 198000000.0000 | 124000000.0000 | 9742700.0000 |
| 2018-03 | 621000000.0000 | 47553500.0000 | 39728500.0000 | 11100400.0000 |
| 2018-06 | 1292000000.0000 | 125000000.0000 | 80296900.0000 | 7833500.0000 |
| 2017-09 | 1890000000.0000 | 149000000.0000 | 81912600.0000 | 23440700.0000 |
| 2017-12 | 2537000000.0000 | 230000000.0000 | 130000000.0000 | 30629500.0000 |
| 2017-06 | 1223000000.0000 | 92559500.0000 | 94296200.0000 | 15526700.0000 |
| 2017-03 | 537000000.0000 | 31765800.0000 | 44781000.0000 | 8220200.0000 |
| 2016-12 | 2104000000.0000 | 177000000.0000 | 208000000.0000 | 21853600.0000 |
| 2016-09 | 1501000000.0000 | 109000000.0000 | 159000000.0000 | 18141700.0000 |
| 2016-06 | 971000000.0000 | 74309900.0000 | 105000000.0000 | 13700800.0000 |
| 2015-12 | 2070000000.0000 | 164000000.0000 | 204000000.0000 | 30914000.0000 |
| 2016-03 | 428000000.0000 | 22875000.0000 | 49765500.0000 | 7654500.0000 |
| 2012-12 | 1628000000.0000 | 81967900.0000 | 178000000.0000 | 25230600.0000 |
| 2013-12 | 1742000000.0000 | 96698100.0000 | 198000000.0000 | 25549500.0000 |
| 2014-12 | 1924000000.0000 | 141000000.0000 | 195000000.0000 | 24929900.0000 |
| 2025-06 | 1449000000.0000 | 168000000.0000 | 127000000.0000 | 495500.0000 |
| 2025-09 | 2248000000.0000 | 262000000.0000 | 194000000.0000 | -3554800.0000 |