中商官网
研究报告
恒烁股份（688416）
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 | 75141200.0000 | -6.67 | -28358100.0000 | -15.15 | -26358900.0000 | -20.72 | -26331500.0000 | -20.34 |
| 2024-06-30 | 177000000.0000 | 16.45 | -74685600.0000 | 18.58 | -74512500.0000 | 24.37 | -74350200.0000 | 53.93 |
| 2024-12-31 | 372000000.0000 | 21.57 | -163000000.0000 | -7.91 | -161000000.0000 | -5.29 | -161000000.0000 | -6.94 |
| 2024-09-30 | 264000000.0000 | 21.10 | -105000000.0000 | -12.50 | -105000000.0000 | -10.26 | -105000000.0000 | 9.29 |
| 2024-03-31 | 80512200.0000 | 12.23 | -33421300.0000 | 31.14 | -33249500.0000 | 46.56 | -33053300.0000 | 77.00 |
| 2023-12-31 | 306000000.0000 | -29.33 | -177000000.0000 | -1403.61 | -170000000.0000 | -951.32 | -173000000.0000 | -915.82 |
| 2023-06-30 | 152000000.0000 | -42.86 | -62982900.0000 | -249.40 | -59910000.0000 | -229.32 | -48301000.0000 | -204.09 |
| 2023-09-30 | 218000000.0000 | -37.71 | -120000000.0000 | -397.24 | -117000000.0000 | -351.25 | -96078300.0000 | -306.00 |
| 2023-03-31 | 71737100.0000 | -42.15 | -25484900.0000 | -213.75 | -22686400.0000 | -189.47 | -18674100.0000 | -173.57 |
| 2022-12-31 | 433000000.0000 | -24.83 | 13577700.0000 | -90.89 | 19969000.0000 | -87.03 | 21205600.0000 | -85.67 |
| 2022-09-30 | 350000000.0000 | -22.74 | 40371900.0000 | -68.21 | 46567300.0000 | -63.62 | 46640700.0000 | -61.77 |
| 2022-06-30 | 266000000.0000 | -0.37 | 42156300.0000 | -29.40 | 46328300.0000 | -23.82 | 46401700.0000 | -15.15 |
| 2022-03-31 | 124000000.0000 | 13.76 | 22403600.0000 | -0.23 | 25355600.0000 | 7.64 | 25382400.0000 | 26.31 |
| 2021-12-31 | 576000000.0000 | 128.57 | 149000000.0000 | 568.00 | 154000000.0000 | 574.08 | 148000000.0000 | 618.55 |
| 2021-03-31 | 109000000.0000 | -- | 22456300.0000 | -- | 23556300.0000 | -- | 20095600.0000 | -- |
| 2021-06-30 | 267000000.0000 | -- | 59711900.0000 | -- | 60811900.0000 | -- | 54688800.0000 | -- |
| 2021-09-30 | 453000000.0000 | -- | 127000000.0000 | -- | 128000000.0000 | -- | 122000000.0000 | -- |
| 2019-12-31 | 134000000.0000 | 32.67 | -9796500.0000 | -7.54 | -7612200.0000 | -18.03 | -5066000.0000 | -19.33 |
| 2020-12-31 | 252000000.0000 | 88.06 | 22305500.0000 | -327.69 | 22845900.0000 | -400.12 | 20597100.0000 | -506.58 |
| 2018-12-31 | 101000000.0000 | -- | -10594900.0000 | -∞ | -9286100.0000 | -∞ | -6280000.0000 | -∞ |
| 2025-06-30 | 174000000.0000 | -1.69 | -72940100.0000 | -2.34 | -70824900.0000 | -4.95 | -70782400.0000 | -4.80 |
| 2025-09-30 | 306000000.0000 | 15.91 | -98163400.0000 | -6.51 | -95351700.0000 | -9.19 | -95329200.0000 | -9.21 |
| 2025-12-31 | 475000000.0000 | 27.69 | -102000000.0000 | -37.42 | -99423500.0000 | -38.25 | -99493900.0000 | -38.20 |
| 2026-03-31 | 219000000.0000 | 191.45 | 48422100.0000 | -270.75 | 48631500.0000 | -284.50 | 48636600.0000 | -284.71 |
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 | -47.72 | -35.08 | -1.79 | -1.9600 | 0.2300 | 2.02 | 0.05 |
| 2024-06 | -49.72 | -42.10 | -4.84 | -4.9800 | 0.4700 | 3.17 | 0.11 |
| 2024-12 | -50.27 | -43.28 | -10.89 | -11.0800 | 1.0700 | 2.84 | 0.25 |
| 2024-09 | -46.59 | -39.77 | -6.92 | -7.0800 | 0.6900 | 3.12 | 0.17 |
| 2024-03 | -49.05 | -41.30 | -2.07 | -2.1900 | 0.2100 | 2.88 | 0.05 |
| 2023-12 | -62.42 | -55.56 | -10.26 | -10.7200 | 0.8800 | 3.24 | 0.18 |
| 2023-06 | -47.37 | -39.41 | -3.39 | -2.9000 | 0.4500 | 3.85 | 0.09 |
| 2023-09 | -60.55 | -53.67 | -6.75 | -5.8400 | 0.6500 | 3.55 | 0.13 |
| 2023-03 | -40.79 | -31.62 | -1.27 | -1.1100 | 0.2200 | 3.73 | 0.04 |
| 2022-12 | 0.46 | 4.61 | 1.10 | 2.4200 | 1.6100 | 8.02 | 0.24 |
| 2022-09 | 8.00 | 13.30 | 2.38 | 7.7000 | 1.3900 | 9.69 | 0.18 |
| 2022-06 | 14.66 | 17.42 | 5.72 | 9.8400 | 1.1800 | 12.11 | 0.33 |
| 2022-03 | 16.94 | 20.45 | 3.59 | -- | -- | -- | 0.18 |
| 2021-12 | 24.13 | 26.74 | 27.02 | 44.2700 | 4.2700 | 17.24 | 1.01 |
| 2021-03 | 100.00 | 21.61 | -- | -- | -- | -- | -- |
| 2021-06 | 20.60 | 22.78 | 12.99 | 21.6400 | 3.0800 | 14.26 | 0.57 |
| 2021-09 | 26.27 | 28.26 | -- | -- | -- | -- | -- |
| 2019-12 | -10.45 | -5.68 | -6.34 | -7.0600 | 5.4700 | 9.64 | 1.12 |
| 2020-12 | 6.75 | 9.07 | 8.75 | 19.5600 | 8.2300 | 8.66 | 0.97 |
| 2018-12 | -10.89 | -9.19 | -11.68 | -14.0200 | 3.6700 | 9.61 | 1.27 |
| 2025-06 | -47.70 | -40.70 | -4.97 | -5.3400 | 0.5100 | 2.32 | 0.12 |
| 2025-09 | -36.60 | -31.16 | -6.84 | -7.2400 | 0.9000 | 2.63 | 0.22 |
| 2025-12 | -26.32 | -20.93 | -- | -- | -- | -- | -- |
| 2026-03 | 19.18 | 22.21 | 3.40 | -- | -- | -- | 0.15 |
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 | 9.51 | 90.49 | 12.0100 | 6.9500 |
| 2024-06 | 5.37 | 94.61 | 20.7100 | 13.3100 |
| 2024-12 | 7.78 | 92.22 | 15.3300 | 9.2600 |
| 2024-09 | 5.67 | 94.33 | 19.1000 | 10.8800 |
| 2024-03 | 6.61 | 93.39 | 15.8800 | 9.8800 |
| 2023-12 | 7.72 | 92.28 | 12.8400 | 8.2600 |
| 2023-06 | 6.33 | 93.67 | 16.3800 | 9.9400 |
| 2023-09 | 6.81 | 93.19 | 14.7400 | 10.7600 |
| 2023-03 | 5.56 | 94.44 | 19.3800 | 11.9900 |
| 2022-12 | 6.42 | 93.58 | 15.6800 | 10.1000 |
| 2022-09 | 12.28 | 87.72 | 8.6100 | 6.1500 |
| 2022-06 | 38.15 | 61.85 | 2.5500 | 0.8600 |
| 2022-03 | 0.00 | 67.56 | -- | -- |
| 2021-12 | 21.40 | 78.60 | 4.8800 | 3.5100 |
| 2021-03 | -- | -- | -- | -- |
| 2021-06 | 25.21 | 74.79 | 4.2000 | 3.2800 |
| 2021-09 | -- | -- | -- | -- |
| 2019-12 | 35.28 | 64.92 | 2.1400 | 1.6900 |
| 2020-12 | 21.47 | 78.54 | 4.1900 | 3.6400 |
| 2018-12 | 46.93 | 53.07 | 1.3400 | 0.6500 |
| 2025-06 | 9.33 | 90.67 | 12.2500 | 7.3600 |
| 2025-09 | 9.03 | 90.97 | 12.6000 | 7.7100 |
| 2025-12 | -- | -- | -- | -- |
| 2026-03 | 6.93 | 93.08 | -- | -- |
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 | 111000000.0000 | 4021700.0000 | 9615800.0000 | 341200.0000 |
| 2024-06 | 265000000.0000 | 8170700.0000 | 14710200.0000 | 61300.0000 |
| 2024-12 | 559000000.0000 | 18679900.0000 | 35335600.0000 | 51500.0000 |
| 2024-09 | 387000000.0000 | 12629400.0000 | 24584900.0000 | -2237700.0000 |
| 2024-03 | 120000000.0000 | 3983900.0000 | 4801200.0000 | -994200.0000 |
| 2023-12 | 497000000.0000 | 15347400.0000 | 28816500.0000 | 24600.0000 |
| 2023-06 | 224000000.0000 | 6564000.0000 | 22800700.0000 | -146300.0000 |
| 2023-09 | 350000000.0000 | 10431100.0000 | 31931800.0000 | -9636900.0000 |
| 2023-03 | 101000000.0000 | 3117100.0000 | 12638000.0000 | -2911800.0000 |
| 2022-12 | 431000000.0000 | 11787200.0000 | 30762000.0000 | 3374100.0000 |
| 2022-09 | 322000000.0000 | 7669400.0000 | 21768900.0000 | -3065300.0000 |
| 2022-06 | 227000000.0000 | 4971300.0000 | 13426800.0000 | -1936100.0000 |
| 2022-03 | 103000000.0000 | 2717900.0000 | 7080200.0000 | 132500.0000 |
| 2021-12 | 437000000.0000 | 10254200.0000 | 31141100.0000 | 1124000.0000 |
| 2021-03 | -- | -- | -- | -- |
| 2021-06 | 212000000.0000 | 4446100.0000 | 15341500.0000 | 352300.0000 |
| 2021-09 | 334000000.0000 | 7018200.0000 | 22265200.0000 | -757800.0000 |
| 2019-12 | 148000000.0000 | 4858700.0000 | 11356600.0000 | 201700.0000 |
| 2020-12 | 235000000.0000 | 6873200.0000 | 14852000.0000 | 635000.0000 |
| 2018-12 | 112000000.0000 | 3085500.0000 | 5757100.0000 | -171700.0000 |
| 2025-06 | 257000000.0000 | 8998100.0000 | 19092900.0000 | 445200.0000 |
| 2025-09 | 418000000.0000 | 13683300.0000 | 25882200.0000 | -210200.0000 |
| 2025-12 | 600000000.0000 | 20383900.0000 | 36515000.0000 | 2194200.0000 |
| 2026-03 | 177000000.0000 | 4684900.0000 | 18146700.0000 | 977400.0000 |