中商官网
研究报告
惠发食品（603536）
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 （%) |
| 2024-09-30 | 1303000000.0000 | -0.08 | -29438900.0000 | -1.01 | -29046900.0000 | -1.24 | -28690000.0000 | 6.08 |
| 2025-03-31 | 310000000.0000 | -26.54 | -18562100.0000 | 236.31 | -18481200.0000 | 224.58 | -16570900.0000 | 243.69 |
| 2024-12-31 | 1925000000.0000 | -3.61 | -7632800.0000 | -133.86 | -8735800.0000 | -142.95 | -12579400.0000 | -198.82 |
| 2024-06-30 | 893000000.0000 | 5.68 | -13398600.0000 | -62.10 | -14706800.0000 | -57.73 | -14670800.0000 | -50.32 |
| 2024-03-31 | 422000000.0000 | 8.48 | -5519400.0000 | -72.19 | -5693900.0000 | -71.00 | -4821500.0000 | -71.38 |
| 2023-09-30 | 1304000000.0000 | 16.01 | -29739400.0000 | -69.38 | -29412100.0000 | -69.51 | -27045600.0000 | -66.28 |
| 2023-06-30 | 845000000.0000 | 23.00 | -35356300.0000 | -49.72 | -34789800.0000 | -50.01 | -29528400.0000 | -48.75 |
| 2023-12-31 | 1997000000.0000 | 26.31 | 22540000.0000 | -115.87 | 20341100.0000 | -114.22 | 12729200.0000 | -110.27 |
| 2023-03-31 | 389000000.0000 | 24.68 | -19850200.0000 | -46.65 | -19631600.0000 | -46.90 | -16846500.0000 | -45.64 |
| 2022-12-31 | 1581000000.0000 | -4.24 | -142000000.0000 | -7.79 | -143000000.0000 | -7.74 | -124000000.0000 | -11.43 |
| 2022-03-31 | 312000000.0000 | 4.35 | -37205400.0000 | -6.83 | -36970300.0000 | -7.88 | -30993100.0000 | -5.64 |
| 2022-09-30 | 1124000000.0000 | -1.83 | -97109600.0000 | -5.72 | -96479900.0000 | -7.23 | -80217100.0000 | -9.25 |
| 2022-06-30 | 687000000.0000 | -6.15 | -70325600.0000 | -8.87 | -69600000.0000 | -10.66 | -57619400.0000 | -12.37 |
| 2021-09-30 | 1145000000.0000 | 31.31 | -103000000.0000 | -1232.02 | -104000000.0000 | -1289.48 | -88390400.0000 | -936.71 |
| 2021-12-31 | 1651000000.0000 | 17.18 | -154000000.0000 | -688.24 | -155000000.0000 | -788.72 | -140000000.0000 | -768.24 |
| 2021-03-31 | 299000000.0000 | 85.71 | -39932500.0000 | 101.15 | -40131400.0000 | 101.35 | -32844500.0000 | 98.25 |
| 2020-12-31 | 1409000000.0000 | 16.45 | 26179700.0000 | 336.12 | 22505400.0000 | 399.33 | 20950700.0000 | 317.30 |
| 2021-06-30 | 732000000.0000 | 53.46 | -77170500.0000 | 662.13 | -77907300.0000 | 646.66 | -65751500.0000 | 767.63 |
| 2020-06-30 | 477000000.0000 | 26.19 | -10125700.0000 | -81.05 | -10434100.0000 | -80.77 | -7578300.0000 | -83.68 |
| 2020-09-30 | 872000000.0000 | 22.99 | 9098800.0000 | -119.73 | 8743300.0000 | -118.37 | 10564000.0000 | -125.69 |
| 2019-12-31 | 1210000000.0000 | 16.12 | 6002900.0000 | -88.12 | 4507100.0000 | -91.54 | 5020500.0000 | -88.89 |
| 2019-09-30 | 709000000.0000 | 8.91 | -46123000.0000 | -288.35 | -47591300.0000 | -283.25 | -41121000.0000 | -305.32 |
| 2020-03-31 | 161000000.0000 | 0.00 | -19852500.0000 | -17.91 | -19930700.0000 | -18.21 | -16567100.0000 | -33.84 |
| 2019-03-31 | 161000000.0000 | -17.01 | -24184400.0000 | -837.26 | -24369600.0000 | -864.99 | -25041600.0000 | -1331.70 |
| 2019-06-30 | 378000000.0000 | -1.82 | -53439700.0000 | -477.60 | -54266800.0000 | -448.88 | -46440300.0000 | -522.64 |
| 2018-09-30 | 651000000.0000 | 11.86 | 24488300.0000 | -22.01 | 25971200.0000 | -29.08 | 20027400.0000 | -33.35 |
| 2018-12-31 | 1042000000.0000 | 10.97 | 50529700.0000 | -33.57 | 53293200.0000 | -33.97 | 45189800.0000 | -24.72 |
| 2018-06-30 | 385000000.0000 | 15.62 | 14152300.0000 | -24.84 | 15554700.0000 | -32.32 | 10988100.0000 | -34.15 |
| 2018-03-31 | 194000000.0000 | 16.17 | 3280300.0000 | -58.98 | 3185600.0000 | -67.92 | 2033100.0000 | -71.93 |
| 2017-12-31 | 939000000.0000 | 5.51 | 76069600.0000 | 38.32 | 80704500.0000 | 39.10 | 60026600.0000 | 42.50 |
| 2017-09-30 | 582000000.0000 | 19.51 | 31399900.0000 | -184.73 | 36622500.0000 | -213.29 | 30050400.0000 | -221.48 |
| 2017-06-30 | 333000000.0000 | 21.98 | 18828600.0000 | -142.46 | 22982000.0000 | -153.37 | 16686700.0000 | -150.00 |
| 2017-03-31 | 167000000.0000 | 36.89 | 7997700.0000 | -146.80 | 9931000.0000 | -159.08 | 7242500.0000 | -157.77 |
| 2016-12-31 | 890000000.0000 | 6.33 | 54993600.0000 | 2.57 | 58018400.0000 | -2.52 | 42124100.0000 | -1.06 |
| 2016-09-30 | 487000000.0000 | -- | -37059500.0000 | -∞ | -32326100.0000 | -∞ | -24735900.0000 | -∞ |
| 2016-03-31 | 122000000.0000 | -- | -17089700.0000 | -∞ | -16809400.0000 | -∞ | -12536400.0000 | -∞ |
| 2016-06-30 | 273000000.0000 | -- | -44346700.0000 | -∞ | -43064000.0000 | -∞ | -33374500.0000 | -∞ |
| 2015-12-31 | 837000000.0000 | -14.68 | 53616000.0000 | -32.07 | 59515500.0000 | -28.51 | 42576600.0000 | -30.02 |
| 2013-12-31 | 1002000000.0000 | 12.46 | 86535200.0000 | -13.46 | 89430400.0000 | -10.31 | 66096100.0000 | -8.65 |
| 2014-12-31 | 981000000.0000 | -2.10 | 78932500.0000 | -8.79 | 83248500.0000 | -6.91 | 60844300.0000 | -7.95 |
| 2012-12-31 | 891000000.0000 | -- | 100000000.0000 | -- | 99709600.0000 | -- | 72357900.0000 | -- |
| 2025-06-30 | 735000000.0000 | -17.69 | -25666700.0000 | 91.56 | -28803700.0000 | 95.85 | -26768300.0000 | 82.46 |
| 2025-09-30 | 1064000000.0000 | -18.34 | -34773900.0000 | 18.12 | -38120800.0000 | 31.24 | -36913700.0000 | 28.66 |
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) |
| 2024-09 | -2.15 | -2.23 | -1.98 | -5.8000 | 6.3800 | 8.13 | 0.89 |
| 2025-03 | -5.16 | -5.96 | -1.34 | -4.0900 | 1.6800 | 5.16 | 0.22 |
| 2024-12 | -0.88 | -0.45 | -0.61 | -3.4600 | 11.1400 | 8.28 | 1.34 |
| 2024-06 | -1.34 | -1.65 | -0.99 | -3.3300 | 4.7800 | 8.87 | 0.60 |
| 2024-03 | -1.42 | -1.35 | -0.37 | -0.8100 | 2.1100 | 8.82 | 0.28 |
| 2023-09 | -2.61 | -2.26 | -1.99 | -6.2400 | 5.5700 | 12.28 | 0.88 |
| 2023-06 | -4.62 | -4.12 | -2.34 | -6.3700 | 4.1200 | 12.99 | 0.57 |
| 2023-12 | 0.10 | 1.02 | 1.43 | 1.5100 | 9.4500 | 11.73 | 1.41 |
| 2023-03 | -5.91 | -5.05 | -1.21 | -3.4000 | 1.6800 | 11.80 | 0.24 |
| 2022-12 | -9.61 | -9.04 | -8.90 | -22.3600 | 7.3900 | 10.52 | 0.98 |
| 2022-03 | -13.46 | -11.85 | -2.31 | -5.1800 | 1.5600 | 8.34 | 0.19 |
| 2022-09 | -9.16 | -8.58 | -6.00 | -13.6700 | 5.2100 | 8.64 | 0.70 |
| 2022-06 | -11.21 | -10.13 | -4.39 | -9.7000 | 3.4000 | 8.44 | 0.43 |
| 2021-09 | -9.52 | -9.08 | -7.73 | -14.1700 | 4.6200 | 9.17 | 0.85 |
| 2021-12 | -9.69 | -9.39 | -10.68 | -22.5600 | 7.5900 | 10.00 | 1.14 |
| 2021-03 | -13.71 | -13.42 | -2.77 | -4.9800 | 1.1500 | 7.59 | 0.21 |
| 2020-12 | 1.49 | 1.60 | 1.58 | 3.5300 | 6.2500 | 8.51 | 0.99 |
| 2021-06 | -11.07 | -10.64 | -5.40 | -10.3800 | 2.8700 | 9.54 | 0.51 |
| 2020-06 | -2.52 | -2.19 | -0.78 | -0.8800 | 1.9800 | 6.51 | 0.35 |
| 2020-09 | 0.80 | 1.00 | 0.62 | 2.0300 | 3.4500 | 7.38 | 0.62 |
| 2019-12 | 0.17 | 0.37 | 0.37 | 0.9200 | 6.4700 | 7.31 | 0.99 |
| 2019-09 | -6.77 | -6.71 | -3.94 | -6.4200 | 3.8500 | 7.30 | 0.59 |
| 2020-03 | -13.04 | -12.38 | -1.59 | -2.4700 | 0.7800 | 4.66 | 0.13 |
| 2019-03 | -15.53 | -15.14 | -2.25 | -3.8600 | 0.9500 | 4.83 | 0.15 |
| 2019-06 | -14.55 | -14.36 | -4.99 | -7.8200 | 2.0700 | 5.56 | 0.35 |
| 2018-09 | 3.23 | 3.99 | 2.50 | 3.1700 | 3.9100 | 8.24 | 0.63 |
| 2018-12 | 4.51 | 5.11 | 4.61 | 7.0300 | 6.1200 | 7.89 | 0.90 |
| 2018-06 | 3.12 | 4.04 | 1.64 | 1.7400 | 2.3200 | 7.26 | 0.41 |
| 2018-03 | 1.55 | 1.64 | 0.31 | 0.3200 | 1.3700 | 8.32 | 0.19 |
| 2017-12 | 7.56 | 8.59 | 7.94 | 11.5200 | 6.4900 | 12.76 | 0.92 |
| 2017-09 | 4.98 | 6.29 | 3.56 | 6.2700 | 3.5600 | 14.90 | 0.57 |
| 2017-06 | 4.80 | 6.90 | 2.31 | 4.0600 | 2.0500 | 11.13 | 0.33 |
| 2017-03 | 4.79 | 5.95 | 1.05 | -- | -- | -- | 0.18 |
| 2016-12 | 6.18 | 6.52 | 5.94 | 10.8100 | 7.1400 | 19.12 | 0.91 |
| 2016-09 | -7.60 | -6.64 | -- | -6.9300 | -- | -- | -- |
| 2016-03 | 100.00 | -13.78 | -- | -- | -- | -- | -- |
| 2016-06 | -16.12 | -15.77 | -- | -9.4300 | -- | -- | -- |
| 2015-12 | 6.45 | 7.11 | 5.82 | 11.8700 | 5.9800 | 17.41 | 0.82 |
| 2013-12 | 8.58 | 8.93 | 9.73 | 24.3200 | 9.2300 | 38.14 | 1.09 |
| 2014-12 | 8.05 | 8.49 | 7.84 | 18.9600 | 6.8700 | 23.36 | 0.92 |
| 2012-12 | 11.34 | 11.19 | 14.64 | 37.3900 | 9.5000 | 47.43 | 1.31 |
| 2025-06 | -3.13 | -3.92 | -2.22 | -6.8800 | 4.1800 | 6.29 | 0.57 |
| 2025-09 | -3.10 | -3.58 | -- | -- | -- | -- | -- |
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 |
| 2024-09 | 68.44 | 31.56 | 0.7400 | 0.5200 |
| 2025-03 | 66.47 | 33.53 | 0.7100 | 0.5100 |
| 2024-12 | 66.62 | 33.45 | 0.7700 | 0.6100 |
| 2024-06 | 66.28 | 33.65 | 0.7600 | 0.5700 |
| 2024-03 | 65.79 | 34.21 | 0.7800 | 0.5500 |
| 2023-09 | 67.19 | 32.81 | 0.6800 | 0.4500 |
| 2023-06 | 67.74 | 32.19 | 0.6900 | 0.5200 |
| 2023-12 | 63.10 | 36.90 | 0.7500 | 0.5500 |
| 2023-03 | 69.73 | 30.27 | 0.7200 | 0.5200 |
| 2022-12 | 68.39 | 31.61 | 0.7100 | 0.5000 |
| 2022-03 | 63.92 | 36.08 | 0.8200 | 0.6100 |
| 2022-09 | 66.73 | 33.27 | 0.7500 | 0.5300 |
| 2022-06 | 65.05 | 34.95 | 0.7600 | 0.5600 |
| 2021-09 | 54.72 | 45.28 | 0.8300 | 0.4500 |
| 2021-12 | 58.37 | 41.63 | 0.8100 | 0.5800 |
| 2021-03 | 54.76 | 45.31 | 0.9500 | 0.5900 |
| 2020-12 | 52.22 | 47.85 | 0.9800 | 0.6600 |
| 2021-06 | 56.99 | 43.01 | 0.8800 | 0.5400 |
| 2020-06 | 52.15 | 47.85 | 1.0600 | 0.6300 |
| 2020-09 | 52.75 | 47.32 | 1.0400 | 0.6200 |
| 2019-12 | 46.94 | 53.06 | 1.1200 | 0.7800 |
| 2019-09 | 50.33 | 49.75 | 0.9800 | 0.6500 |
| 2020-03 | 49.40 | 50.68 | 1.0100 | 0.6400 |
| 2019-03 | 41.40 | 58.60 | 1.2000 | 0.7200 |
| 2019-06 | 45.35 | 54.74 | 1.0400 | 0.6000 |
| 2018-09 | 38.98 | 61.02 | 1.1800 | 0.6000 |
| 2018-12 | 43.03 | 57.06 | 1.2200 | 0.8400 |
| 2018-06 | 34.28 | 65.72 | 1.1700 | 0.5800 |
| 2018-03 | 37.52 | 62.48 | 1.2900 | 0.8200 |
| 2017-12 | 36.61 | 63.39 | 1.3100 | 0.8300 |
| 2017-09 | 40.33 | 59.67 | 1.4000 | 0.5200 |
| 2017-06 | 39.82 | 60.18 | 1.2200 | 0.7200 |
| 2017-03 | 56.78 | 43.22 | 0.7100 | 0.7100 |
| 2016-12 | 58.09 | 41.80 | 0.7500 | 0.4900 |
| 2016-09 | -- | -- | -- | -- |
| 2016-03 | -- | -- | -- | -- |
| 2016-06 | -- | -- | -- | -- |
| 2015-12 | 63.34 | 36.66 | 0.6900 | 0.4900 |
| 2013-12 | 67.57 | 32.43 | 0.5900 | 0.3900 |
| 2014-12 | 67.61 | 32.39 | 0.7000 | 0.4700 |
| 2012-12 | 63.88 | 36.12 | 0.6100 | 0.3800 |
| 2025-06 | 64.94 | 35.06 | 0.6900 | 0.4900 |
| 2025-09 | -- | -- | -- | -- |
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) |
| 2024-09 | 1331000000.0000 | 99493300.0000 | 117000000.0000 | 14804200.0000 |
| 2025-03 | 326000000.0000 | 27006000.0000 | 32097200.0000 | 4912100.0000 |
| 2024-12 | 1942000000.0000 | 137000000.0000 | 153000000.0000 | 24323700.0000 |
| 2024-06 | 905000000.0000 | 62036500.0000 | 75967700.0000 | 12178200.0000 |
| 2024-03 | 428000000.0000 | 28431000.0000 | 37574100.0000 | 6508100.0000 |
| 2023-09 | 1338000000.0000 | 106000000.0000 | 108000000.0000 | 14223500.0000 |
| 2023-06 | 884000000.0000 | 67417200.0000 | 69998900.0000 | 11790600.0000 |
| 2023-12 | 1995000000.0000 | 140000000.0000 | 152000000.0000 | 24612300.0000 |
| 2023-03 | 412000000.0000 | 31463100.0000 | 33703500.0000 | 4488400.0000 |
| 2022-12 | 1733000000.0000 | 140000000.0000 | 166000000.0000 | 25487300.0000 |
| 2022-03 | 354000000.0000 | 31048200.0000 | 39252400.0000 | 6129000.0000 |
| 2022-09 | 1227000000.0000 | 94659100.0000 | 122000000.0000 | 18552000.0000 |
| 2022-06 | 764000000.0000 | 61103200.0000 | 80497100.0000 | 12492100.0000 |
| 2021-09 | 1254000000.0000 | 102000000.0000 | 138000000.0000 | 16241400.0000 |
| 2021-12 | 1811000000.0000 | 150000000.0000 | 194000000.0000 | 23554700.0000 |
| 2021-03 | 340000000.0000 | 27185200.0000 | 45761100.0000 | 6798600.0000 |
| 2020-12 | 1388000000.0000 | 86847600.0000 | 121000000.0000 | 21383000.0000 |
| 2021-06 | 813000000.0000 | 67448800.0000 | 92223600.0000 | 14185200.0000 |
| 2020-06 | 489000000.0000 | 27679500.0000 | 48025300.0000 | 10247500.0000 |
| 2020-09 | 865000000.0000 | 49450700.0000 | 76746700.0000 | 16501300.0000 |
| 2019-12 | 1208000000.0000 | 76106000.0000 | 87779700.0000 | 17636800.0000 |
| 2019-09 | 757000000.0000 | 51832100.0000 | 71228800.0000 | 13234400.0000 |
| 2020-03 | 182000000.0000 | 14614600.0000 | 23089000.0000 | 5268300.0000 |
| 2019-03 | 186000000.0000 | 15315800.0000 | 22992800.0000 | 4630800.0000 |
| 2019-06 | 433000000.0000 | 35496400.0000 | 45983600.0000 | 9959600.0000 |
| 2018-09 | 630000000.0000 | 39725600.0000 | 58844300.0000 | 10509800.0000 |
| 2018-12 | 995000000.0000 | 59685700.0000 | 78073500.0000 | 12221200.0000 |
| 2018-06 | 373000000.0000 | 25295600.0000 | 37953200.0000 | 5241200.0000 |
| 2018-03 | 191000000.0000 | 12364100.0000 | 20450100.0000 | 2736800.0000 |
| 2017-12 | 868000000.0000 | 55820500.0000 | 82375900.0000 | 17123600.0000 |
| 2017-09 | 553000000.0000 | 37087400.0000 | 67661100.0000 | 13157900.0000 |
| 2017-06 | 317000000.0000 | 23075000.0000 | 37922900.0000 | 10081500.0000 |
| 2017-03 | 159000000.0000 | 11120500.0000 | 18636900.0000 | 5318900.0000 |
| 2016-12 | 835000000.0000 | 68001300.0000 | 87976500.0000 | 23752300.0000 |
| 2016-09 | 524000000.0000 | 53489100.0000 | 65057000.0000 | 17084000.0000 |
| 2016-03 | -- | -- | -- | -- |
| 2016-06 | 317000000.0000 | 41415400.0000 | 45308700.0000 | 11868000.0000 |
| 2015-12 | 783000000.0000 | 78565300.0000 | 96480500.0000 | 30905100.0000 |
| 2013-12 | 916000000.0000 | 55047800.0000 | 87916200.0000 | 20157300.0000 |
| 2014-12 | 902000000.0000 | 57874400.0000 | 97671000.0000 | 36130200.0000 |
| 2012-12 | 790000000.0000 | 68488700.0000 | 56699500.0000 | 17663600.0000 |
| 2025-06 | 758000000.0000 | 57723100.0000 | 71424800.0000 | 10465900.0000 |
| 2025-09 | 1097000000.0000 | 88699800.0000 | 103000000.0000 | 13397500.0000 |