中商官网
研究报告
新源万恒控股（HK2326）
主要经济指标
| 类别\年份 | 营业额 （港元) |
营业额同比 （%) |
营业利润 （港元) |
营业利润同比 （%) |
利润总额 （港元) |
利润总额同比 （%) |
净利润 （港元) |
净利润同比 （%) |
| 2024-03 | 864305000.0000 | -54.23 | 12033000.0000 | -37.03 | -30234000.0000 | -997.42 | -30782000.0000 | -1771.12 |
| 2024-09 | 291858000.0000 | -59.90 | -5421000.0000 | -143.55 | -17407000.0000 | -1832.04 | -17415000.0000 | -2188.13 |
| 2023-03 | 1888298000.0000 | 620.10 | 19108000.0000 | 75.17 | 3369000.0000 | -149.28 | 1842000.0000 | -133.79 |
| 2022-09 | 608935000.0000 | 587.25 | 5366000.0000 | 24.97 | -1044000.0000 | -49.88 | -1575000.0000 | -49.84 |
| 2023-09 | 727786000.0000 | 19.52 | 12447000.0000 | 131.96 | 1005000.0000 | -196.26 | 834000.0000 | -152.95 |
| 2021-09 | 88604000.0000 | -74.64 | 4294000.0000 | -6606.06 | -2083000.0000 | -89.66 | -3140000.0000 | -92.23 |
| 2021-03 | 615062000.0000 | -3.34 | 8303000.0000 | -4955.56 | -15316000.0000 | -22.44 | -37907000.0000 | 124.33 |
| 2022-03 | 262229000.0000 | -57.37 | 10908000.0000 | 31.37 | -6836000.0000 | -55.37 | -5452000.0000 | -85.62 |
| 2020-03 | 636342000.0000 | -42.85 | -171000.0000 | -100.21 | -19747000.0000 | -74.34 | -16898000.0000 | -75.98 |
| 2020-09 | 349374000.0000 | 5.15 | -66000.0000 | -99.67 | -20154000.0000 | -7.92 | -40423000.0000 | 89.11 |
| 2019-09 | 332249000.0000 | -64.79 | -19847000.0000 | -129.08 | -21887000.0000 | -41.03 | -21375000.0000 | -61.93 |
| 2019-03 | 1113468000.0000 | -53.47 | 82505000.0000 | -72.79 | -76961000.0000 | -126.83 | -70350000.0000 | -130.11 |
| 2018-09 | 943558000.0000 | -7.28 | 68250000.0000 | -43.17 | -37113000.0000 | -138.57 | -56142000.0000 | -172.40 |
| 2017-03 | 1872541000.0000 | -17.49 | 239632000.0000 | -32.93 | 93000000.0000 | -56.80 | 66348000.0000 | -62.67 |
| 2018-03 | 2392876000.0000 | 27.79 | 303177000.0000 | 26.52 | 286877000.0000 | 208.47 | 233638000.0000 | 252.14 |
| 2017-09 | 1017601000.0000 | 95.64 | 120087000.0000 | 171.83 | 96210000.0000 | -426.71 | 77547000.0000 | -331.02 |
| 2015-09 | 1036100000.0000 | 222.76 | 142496000.0000 | 608.97 | 87644000.0000 | 1535.76 | 71475000.0000 | 1532.97 |
| 2016-03 | 2269381000.0000 | 257.97 | 357262000.0000 | 496.14 | 215266000.0000 | 974.02 | 177716000.0000 | 933.35 |
| 2016-09 | 520127000.0000 | -49.80 | 44178000.0000 | -69.00 | -29448000.0000 | -133.60 | -33567000.0000 | -146.96 |
| 2014-09 | 321009000.0000 | 789.42 | 20099000.0000 | 1025.99 | 5358000.0000 | -375.76 | 4377000.0000 | -336.72 |
| 2015-03 | 633957000.0000 | 187.94 | 59929000.0000 | 512.27 | 20043000.0000 | -637.78 | 17198000.0000 | -567.34 |
| 2014-03 | 220168000.0000 | 46.15 | 9788000.0000 | -38.75 | -3727000.0000 | -146.07 | -3680000.0000 | -149.54 |
| 2013-09 | 36092000.0000 | -69.08 | 1785000.0000 | -85.34 | -1943000.0000 | -123.66 | -1849000.0000 | -127.13 |
| 2013-03 | 150645000.0000 | -41.50 | 15980000.0000 | -38.39 | 8090000.0000 | -42.41 | 7429000.0000 | -27.88 |
| 2012-09 | 116722000.0000 | 9.04 | 12176000.0000 | 8.85 | 8213000.0000 | 33.11 | 6815000.0000 | 52.53 |
| 2012-03 | 257507000.0000 | 44.72 | 25936000.0000 | 53.11 | 14048000.0000 | 82.68 | 10301000.0000 | 76.60 |
| 2011-09 | 107044000.0000 | 66.35 | 11186000.0000 | 96.94 | 6170000.0000 | 225.59 | 4468000.0000 | 245.82 |
| 2010-09 | 64349000.0000 | 838.44 | 5680000.0000 | 957.73 | 1895000.0000 | -160.87 | 1292000.0000 | -141.08 |
| 2010-03 | 38685000.0000 | 547.23 | 3251000.0000 | 1052.84 | -5396000.0000 | -60.59 | -5546000.0000 | -84.98 |
| 2011-03 | 177929000.0000 | 359.94 | 16940000.0000 | 421.07 | 7690000.0000 | -242.51 | 5833000.0000 | -205.17 |
| 2009-09 | 6857000.0000 | -- | 537000.0000 | -- | -3113000.0000 | -- | -3145000.0000 | -- |
| 2009-03 | 5977000.0000 | -- | 282000.0000 | -- | -13691000.0000 | -- | -36929000.0000 | -- |
| 2008-09 | -- | -100.00 | -- | -100.00 | -5372000.0000 | -66.92 | -6207000.0000 | -61.77 |
| 2008-03 | -- | -100.00 | -- | -100.00 | -5633000.0000 | -140.68 | -35956000.0000 | -366.68 |
| 2007-09 | 193203000.0000 | 3.56 | 19628000.0000 | 18.44 | -16238000.0000 | -10312.58 | -16238000.0000 | -10312.58 |
| 2007-03 | 385393000.0000 | 37.21 | 45111000.0000 | 213.66 | 13847000.0000 | -175.57 | 13483000.0000 | -173.59 |
| 2006-09 | 186566000.0000 | 47.64 | 16572000.0000 | 93.39 | 159000.0000 | -102.24 | 159000.0000 | -102.24 |
| 2006-03 | 280876000.0000 | 37.37 | 14382000.0000 | 557.01 | -18323000.0000 | -30.87 | -18323000.0000 | -32.06 |
| 2004-09 | 107382000.0000 | -5.75 | 5573000.0000 | -55.97 | -8922000.0000 | 247.70 | -8911000.0000 | 230.77 |
| 2005-03 | 204472000.0000 | -2.37 | 2189000.0000 | -88.58 | -26507000.0000 | 135.47 | -26969000.0000 | 153.47 |
| 2005-09 | 126365000.0000 | 17.68 | 8569000.0000 | 53.76 | -7110000.0000 | -20.31 | -7110000.0000 | -20.21 |
| 2004-03 | 209429000.0000 | -27.40 | 19163000.0000 | -67.38 | -11257000.0000 | -136.79 | -10640000.0000 | -138.73 |
| 2003-09 | 113935000.0000 | -21.43 | 12656000.0000 | -57.30 | -2566000.0000 | -116.54 | -2694000.0000 | -118.80 |
| 2002-09 | 145002000.0000 | -- | 29639000.0000 | -- | 15513000.0000 | -- | 14329000.0000 | -- |
| 2003-03 | 288455000.0000 | -11.04 | 58746000.0000 | -11.83 | 30595000.0000 | -12.94 | 27475000.0000 | -14.19 |
| 2002-03 | 324261000.0000 | 18.64 | 66629000.0000 | 19.45 | 35141000.0000 | 23.93 | 32018000.0000 | 23.21 |
| 2000-03 | 227334000.0000 | -- | 48209000.0000 | -- | 25987000.0000 | -- | 24183000.0000 | -- |
| 2001-03 | 273325000.0000 | 20.23 | 55779000.0000 | 15.70 | 28356000.0000 | 9.12 | 25987000.0000 | 7.46 |
盈利能力分析
| 类别\年份 | 销售毛利率 （%) |
主营利润率 （%) |
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) |
| 2024-03 | 1.39 | -3.5000 | -5.40 | -7.0700 | 32.81 | -- | 1.54 |
| 2024-09 | -1.86 | -5.9600 | -3.63 | -4.0600 | 7.26 | -- | 0.61 |
| 2023-03 | 1.01 | 0.1800 | 0.19 | 0.3700 | 41.12 | -- | 1.05 |
| 2022-09 | 0.88 | -0.1700 | -0.10 | -0.3300 | 16.13 | -- | 0.59 |
| 2023-09 | 1.71 | 0.1400 | 0.07 | 0.1800 | 27.28 | -- | 0.48 |
| 2021-09 | 4.85 | -2.3500 | -0.34 | -0.6000 | 1.63 | -- | 0.14 |
| 2021-03 | 1.35 | -2.4900 | -1.57 | -7.3700 | 19.40 | -- | 0.63 |
| 2022-03 | 4.16 | -2.6100 | -1.09 | -1.0300 | 4.37 | -- | 0.42 |
| 2020-03 | -0.03 | -3.1000 | -2.45 | -3.4200 | 17.79 | -- | 0.79 |
| 2020-09 | -0.02 | -5.7700 | -2.38 | -8.2300 | 10.85 | -- | 0.41 |
| 2019-09 | -5.97 | -6.5900 | -2.71 | -4.3300 | 5.95 | -- | 0.41 |
| 2019-03 | 7.41 | -6.9100 | -7.41 | -12.5800 | 21.09 | -- | 1.07 |
| 2018-09 | 7.23 | -3.9300 | -1.78 | -10.1200 | 18.99 | -- | 0.45 |
| 2017-03 | 12.80 | 4.9700 | 4.99 | 17.4900 | 31.10 | -- | 1.00 |
| 2018-03 | 12.67 | 11.9900 | 8.32 | 34.2400 | 42.22 | -- | 0.69 |
| 2017-09 | 11.80 | 9.4500 | 3.74 | 16.1400 | 36.81 | -- | 0.40 |
| 2015-09 | 13.75 | 8.4600 | 8.27 | 28.3800 | 573.56 | -- | 0.98 |
| 2016-03 | 15.74 | 9.4900 | 6.02 | 51.2100 | 46.85 | -- | 0.63 |
| 2016-09 | 8.49 | -5.6600 | -1.39 | -11.4900 | 9.23 | -- | 0.25 |
| 2014-09 | 6.26 | 1.6700 | 2.88 | 2.8100 | 13.15 | -- | 1.72 |
| 2015-03 | 9.45 | 3.1600 | 4.00 | 10.4800 | 65.17 | -- | 1.27 |
| 2014-03 | 4.45 | -1.6900 | -1.11 | -2.4300 | 15.12 | -- | 0.66 |
| 2013-09 | 4.95 | -5.3800 | -1.13 | -1.2000 | 2.55 | -- | 0.21 |
| 2013-03 | 10.61 | 5.3700 | 4.59 | 4.7900 | 111.85 | -- | 0.85 |
| 2012-09 | 10.43 | 7.0400 | 4.06 | 4.4100 | 19.53 | -- | 0.58 |
| 2012-03 | 10.07 | 5.4600 | 13.93 | -254.2200 | 580.38 | -- | 2.55 |
| 2011-09 | 10.45 | 5.7600 | 6.62 | -44.9700 | 39.33 | -- | 1.15 |
| 2010-09 | 8.83 | 2.9400 | 4.79 | -6.6800 | 345.11 | -- | 1.63 |
| 2010-03 | 8.40 | -13.9500 | -19.21 | 24.4500 | 80.72 | -- | 1.38 |
| 2011-03 | 9.52 | 4.3200 | 9.58 | -39.8100 | 425.90 | -- | 2.22 |
| 2009-09 | 7.83 | -45.4000 | -25.96 | 14.1100 | 17.36 | -- | 0.57 |
| 2009-03 | 4.72 | -229.0600 | -343.74 | 167.7400 | -- | -- | 1.50 |
| 2008-09 | -- | -- | -51.67 | 15.3500 | -- | -- | 0.00 |
| 2008-03 | -- | -- | -4.72 | -139.7500 | 0.00 | -- | 0.00 |
| 2007-09 | 10.16 | -8.4000 | -11.86 | -52.5300 | 2.69 | -- | 1.41 |
| 2007-03 | 11.71 | 3.5900 | 10.35 | 26.6000 | 6.19 | -- | 2.88 |
| 2006-09 | 8.88 | 0.0900 | 0.12 | 0.4300 | 2.46 | -- | 1.38 |
| 2006-03 | 5.12 | -6.5200 | -15.90 | -52.3100 | 5.12 | -- | 2.44 |
| 2004-09 | 5.19 | -8.3100 | -8.48 | -12.7200 | 2.75 | -- | 1.02 |
| 2005-03 | 1.07 | -12.9600 | -25.31 | -51.8800 | 5.36 | -- | 1.95 |
| 2005-09 | 6.78 | -5.6300 | -5.66 | -15.8400 | 2.07 | -- | 1.01 |
| 2004-03 | 9.15 | -5.3800 | -9.79 | -13.4800 | 6.98 | -- | 1.82 |
| 2003-09 | 11.11 | -2.2500 | -2.19 | -3.1000 | 3.33 | -- | 0.97 |
| 2002-09 | 20.44 | 10.7000 | 15.83 | 25.3200 | 3.09 | -- | 1.48 |
| 2003-03 | 20.37 | 10.6100 | 25.62 | 29.1100 | 6.67 | -- | 2.42 |
| 2002-03 | 20.55 | 10.8400 | 43.10 | 59.0300 | 8.00 | -- | 3.98 |
| 2000-03 | 21.21 | 11.4300 | 29.38 | 42.6300 | 4.56 | -- | 2.57 |
| 2001-03 | 20.41 | 10.3700 | 27.57 | 42.1100 | 4.24 | -- | 2.66 |
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 |
| 2024-03 | 23.91 | 76.09 | 3.77 | 3.58 |
| 2024-09 | 12.49 | 87.51 | 6.76 | 6.08 |
| 2023-03 | 73.18 | 26.82 | 1.34 | 1.30 |
| 2022-09 | 55.29 | 44.71 | 1.77 | 1.70 |
| 2023-09 | 70.40 | 29.60 | 1.39 | 1.36 |
| 2021-09 | 17.33 | 82.67 | 6.51 | 5.91 |
| 2021-03 | 48.32 | 51.68 | 2.03 | 1.96 |
| 2022-03 | 16.48 | 83.52 | 6.52 | 5.86 |
| 2020-03 | 39.80 | 60.20 | 2.37 | 2.26 |
| 2020-09 | 43.00 | 57.00 | 2.29 | 2.19 |
| 2019-09 | 39.86 | 60.14 | 2.34 | 2.16 |
| 2019-03 | 46.95 | 53.05 | 1.68 | 1.58 |
| 2018-09 | 73.74 | 26.26 | 1.22 | 1.19 |
| 2017-03 | 80.09 | 19.91 | 1.07 | 1.04 |
| 2018-03 | 80.46 | 19.54 | 1.15 | 1.13 |
| 2017-09 | 81.63 | 18.37 | 1.10 | 1.09 |
| 2015-09 | 76.31 | 23.69 | 1.30 | 1.30 |
| 2016-03 | 90.50 | 9.50 | 1.02 | 1.01 |
| 2016-09 | 86.54 | 13.46 | 1.00 | 0.97 |
| 2014-09 | 15.63 | 84.37 | 6.15 | 5.37 |
| 2015-03 | 66.76 | 33.24 | 1.47 | 1.44 |
| 2014-03 | 54.52 | 45.48 | 1.83 | 1.75 |
| 2013-09 | 9.45 | 90.55 | 10.49 | 9.65 |
| 2013-03 | 11.04 | 88.96 | 8.92 | 8.86 |
| 2012-09 | 22.59 | 77.41 | 4.35 | 4.23 |
| 2012-03 | 102.86 | -2.86 | 0.96 | 0.95 |
| 2011-09 | 109.49 | -9.49 | 0.89 | 0.87 |
| 2010-09 | 148.04 | -48.04 | 1.55 | 1.55 |
| 2010-03 | 180.67 | -80.67 | 1.45 | 1.43 |
| 2011-03 | 117.74 | -17.74 | 1.33 | 1.32 |
| 2009-09 | 285.53 | -185.53 | 1.60 | 1.55 |
| 2009-03 | 652.72 | -552.72 | 0.38 | 0.38 |
| 2008-09 | 489.02 | -389.02 | 0.25 | 0.25 |
| 2008-03 | 78.42 | 21.58 | 1.04 | 0.44 |
| 2007-09 | 77.42 | 22.58 | 1.11 | 0.50 |
| 2007-03 | 62.10 | 37.90 | 1.30 | 0.64 |
| 2006-09 | 72.41 | 27.59 | 1.10 | 0.39 |
| 2006-03 | 69.61 | 30.39 | 1.06 | 0.40 |
| 2004-09 | 33.43 | 66.57 | 2.12 | 1.05 |
| 2005-03 | 50.36 | 49.64 | 1.36 | 0.64 |
| 2005-09 | 64.25 | 35.75 | 1.14 | 0.43 |
| 2004-03 | 31.35 | 68.65 | 2.35 | 1.59 |
| 2003-09 | 25.89 | 74.11 | 3.04 | 1.99 |
| 2002-09 | 42.23 | 57.77 | 1.93 | 0.99 |
| 2003-03 | 20.95 | 79.05 | 3.80 | 2.36 |
| 2002-03 | 33.49 | 66.51 | 2.24 | 0.98 |
| 2000-03 | 35.87 | 64.13 | 2.23 | 0.96 |
| 2001-03 | 39.99 | 60.01 | 1.95 | 0.65 |
成本费用分析
| 类别\年份 | 销售成本 （港元) |
销售费用 （港元) |
管理费用 （港元) |
财务费用 （港元) |
| 2024/3/31 0:00:00 | 852272000.0000 | -- | 13620000.0000 | 639000.0000 |
| 2024/9/30 0:00:00 | 297279000.0000 | -- | 9921000.0000 | 197000.0000 |
| 2023/3/31 0:00:00 | 1869190000.0000 | -- | 14816000.0000 | 631000.0000 |
| 2022/9/30 0:00:00 | 603569000.0000 | -- | 8189000.0000 | 347000.0000 |
| 2023/9/30 0:00:00 | 715339000.0000 | -- | 7252000.0000 | 714000.0000 |
| 2021/9/30 0:00:00 | 84310000.0000 | -- | 6711000.0000 | 467000.0000 |
| 2021/3/31 0:00:00 | 606759000.0000 | -- | 19277000.0000 | 1934000.0000 |
| 2022/3/31 0:00:00 | 251321000.0000 | -- | 13601000.0000 | 889000.0000 |
| 2020/3/31 0:00:00 | 636513000.0000 | -- | 31735000.0000 | 2851000.0000 |
| 2020/9/30 0:00:00 | 349440000.0000 | -- | 11473000.0000 | 254000.0000 |
| 2019/9/30 0:00:00 | 352096000.0000 | -- | 15021000.0000 | 2407000.0000 |
| 2019/3/31 0:00:00 | 1030963000.0000 | -- | 36174000.0000 | 44632000.0000 |
| 2018/9/30 0:00:00 | 875308000.0000 | -- | 20343000.0000 | 23782000.0000 |
| 2017/3/31 0:00:00 | 1632909000.0000 | -- | 88994000.0000 | 50989000.0000 |
| 2018/3/31 0:00:00 | 2089699000.0000 | -- | 60425000.0000 | 22709000.0000 |
| 2017/9/30 0:00:00 | 897514000.0000 | -- | 24482000.0000 | 10380000.0000 |
| 2015/9/30 0:00:00 | 893604000.0000 | -- | 52503000.0000 | 227000.0000 |
| 2016/3/31 0:00:00 | 1912119000.0000 | -- | 114019000.0000 | 8966000.0000 |
| 2016/9/30 0:00:00 | 475949000.0000 | -- | 39351000.0000 | 43805000.0000 |
| 2014/9/30 0:00:00 | 300910000.0000 | -- | 12986000.0000 | 1055000.0000 |
| 2015/3/31 0:00:00 | 574028000.0000 | -- | 30102000.0000 | 8798000.0000 |
| 2014/3/31 0:00:00 | 210380000.0000 | -- | 13465000.0000 | 233000.0000 |
| 2013/9/30 0:00:00 | 34307000.0000 | -- | 5688000.0000 | -- |
| 2013/3/31 0:00:00 | 134665000.0000 | -- | 10148000.0000 | 37000.0000 |
| 2012/9/30 0:00:00 | 104546000.0000 | -- | 4543000.0000 | 37000.0000 |
| 2012/3/31 0:00:00 | 231571000.0000 | -- | 8458000.0000 | 2414000.0000 |
| 2011/9/30 0:00:00 | 95858000.0000 | -- | 3712000.0000 | 1206000.0000 |
| 2010/9/30 0:00:00 | 58669000.0000 | -- | 3073000.0000 | 1223000.0000 |
| 2010/3/31 0:00:00 | 35434000.0000 | -- | 9303000.0000 | 1967000.0000 |
| 2011/3/31 0:00:00 | 160989000.0000 | -- | 6605000.0000 | 2418000.0000 |
| 2009/9/30 0:00:00 | 6320000.0000 | -- | 5027000.0000 | 850000.0000 |
| 2009/3/31 0:00:00 | 5695000.0000 | -- | 12900000.0000 | 1075000.0000 |
| 2008/9/30 0:00:00 | -- | -- | 4981000.0000 | 481000.0000 |
| 2008/3/31 0:00:00 | -- | -- | 5616000.0000 | 18000.0000 |
| 2007/9/30 0:00:00 | 173575000.0000 | -- | 30864000.0000 | 1256000.0000 |
| 2007/3/31 0:00:00 | 340282000.0000 | -- | 20798000.0000 | 3081000.0000 |
| 2006/9/30 0:00:00 | 169994000.0000 | -- | 10625000.0000 | 1755000.0000 |
| 2006/3/31 0:00:00 | 266494000.0000 | -- | 23209000.0000 | 2799000.0000 |
| 2004/9/30 0:00:00 | 101809000.0000 | -- | 10577000.0000 | 518000.0000 |
| 2005/3/31 0:00:00 | 202283000.0000 | -- | 21473000.0000 | 1112000.0000 |
| 2005/9/30 0:00:00 | 117796000.0000 | -- | 11159000.0000 | 1210000.0000 |
| 2004/3/31 0:00:00 | 190266000.0000 | -- | 23293000.0000 | 838000.0000 |
| 2003/9/30 0:00:00 | 101279000.0000 | -- | 11493000.0000 | 427000.0000 |
| 2002/9/30 0:00:00 | 115363000.0000 | -- | 10057000.0000 | 526000.0000 |
| 2003/3/31 0:00:00 | 229709000.0000 | -- | 20587000.0000 | 1114000.0000 |
| 2002/3/31 0:00:00 | 257632000.0000 | -- | 20602000.0000 | 1917000.0000 |
| 2000/3/31 0:00:00 | 179125000.0000 | -- | 15623000.0000 | 912000.0000 |
| 2001/3/31 0:00:00 | 217546000.0000 | -- | 19310000.0000 | 1921000.0000 |