中商官网
研究报告
*ST高鸿（000851）
主要经济指标
| 类别\年份 | 营业收入 （元) |
营业利润 （元) |
利润总额 （元) |
净利润 （元) |
资产总计 （元) |
负债合计 （元) |
股东权益合计 （元) |
| 1995 | 131000000.0000 | 19760900.0000 | 19726700.0000 | 19726700.0000 | 323000000.0000 | 144000000.0000 | 179000000.0000 |
| 1996 | 178000000.0000 | 33468200.0000 | 33444300.0000 | 33444300.0000 | 346000000.0000 | 165000000.0000 | 181000000.0000 |
| 1997 | 211000000.0000 | 40270100.0000 | 40965500.0000 | 35456800.0000 | 490000000.0000 | 292000000.0000 | 197000000.0000 |
| 1998 | 184000000.0000 | 11321500.0000 | 15326500.0000 | 13229500.0000 | 576000000.0000 | 212000000.0000 | 364000000.0000 |
| 1999 | 143000000.0000 | 3656300.0000 | 3907800.0000 | 3337600.0000 | 568000000.0000 | 200000000.0000 | 367000000.0000 |
| 2000 | 159000000.0000 | -16554900.0000 | -18799900.0000 | -18799900.0000 | 535000000.0000 | 140000000.0000 | 395000000.0000 |
| 2001 | 108000000.0000 | -106000000.0000 | -106000000.0000 | -106000000.0000 | 483000000.0000 | 147000000.0000 | 336000000.0000 |
| 2002 | 108000000.0000 | -86039000.0000 | -90031000.0000 | -90031000.0000 | 289000000.0000 | 97783400.0000 | 191000000.0000 |
| 2003 | 128000000.0000 | 27074200.0000 | 28002800.0000 | 27985600.0000 | 357000000.0000 | 115000000.0000 | 243000000.0000 |
| 2004 | 282000000.0000 | 22022000.0000 | 22014600.0000 | 22009500.0000 | 527000000.0000 | 247000000.0000 | 279000000.0000 |
| 2005 | 375000000.0000 | 23168900.0000 | 22907900.0000 | 20271700.0000 | 645000000.0000 | 346000000.0000 | 300000000.0000 |
| 2006 | 467000000.0000 | 16772900.0000 | 17275100.0000 | 15007500.0000 | 799000000.0000 | 487000000.0000 | 312000000.0000 |
| 2007 | 519000000.0000 | -10415500.0000 | 26958200.0000 | 22955700.0000 | 986000000.0000 | 410000000.0000 | 576000000.0000 |
| 2008 | 730000000.0000 | 18127500.0000 | 17350900.0000 | 14026400.0000 | 1139000000.0000 | 532000000.0000 | 607000000.0000 |
| 2009 | 1886000000.0000 | 28645200.0000 | 30285200.0000 | 24813100.0000 | 1863000000.0000 | 796000000.0000 | 1066000000.0000 |
| 2010 | 2562000000.0000 | 12317700.0000 | 43337100.0000 | 24898100.0000 | 2373000000.0000 | 1277000000.0000 | 1096000000.0000 |
| 2011 | 4082000000.0000 | 24978200.0000 | 34760100.0000 | 27157700.0000 | 2389000000.0000 | 1271000000.0000 | 1118000000.0000 |
| 2012 | 4617000000.0000 | 33769800.0000 | 40457200.0000 | 22499000.0000 | 3590000000.0000 | 1441000000.0000 | 2149000000.0000 |
| 2013 | 6212000000.0000 | 52858400.0000 | 108000000.0000 | 76356100.0000 | 5532000000.0000 | 3170000000.0000 | 2362000000.0000 |
| 2014 | 7081000000.0000 | 111000000.0000 | 132000000.0000 | 101000000.0000 | 6177000000.0000 | 3438000000.0000 | 2739000000.0000 |
| 2015 | 7425000000.0000 | 128000000.0000 | 162000000.0000 | 117000000.0000 | 6488000000.0000 | 3603000000.0000 | 2885000000.0000 |
| 2016 | 8674000000.0000 | 126000000.0000 | 170000000.0000 | 121000000.0000 | 7758000000.0000 | 4513000000.0000 | 3244000000.0000 |
| 2017 | 8976000000.0000 | 236000000.0000 | 244000000.0000 | 187000000.0000 | 8168000000.0000 | 4816000000.0000 | 3459000000.0000 |
| 2018 | 9265000000.0000 | 84309500.0000 | 94591000.0000 | 58240800.0000 | 8740000000.0000 | 4879000000.0000 | 3915000000.0000 |
| 2019 | 11410000000.0000 | 42211700.0000 | 51136800.0000 | 30741800.0000 | 9331000000.0000 | 5420000000.0000 | 3911000000.0000 |
| 2020 | 7018000000.0000 | -182000000.0000 | -129000000.0000 | -133000000.0000 | 9999000000.0000 | 6310000000.0000 | 3689000000.0000 |
| 2021 | 8548000000.0000 | -14278600.0000 | 40448900.0000 | 35308100.0000 | 9810000000.0000 | 4793000000.0000 | 5022000000.0000 |
| 2022 | 6858000000.0000 | 60533000.0000 | 57557000.0000 | 39912300.0000 | 10414000000.0000 | 5407000000.0000 | 5007000000.0000 |
| 2023 | 5931000000.0000 | -868000000.0000 | -850000000.0000 | -813000000.0000 | 8301000000.0000 | 4818000000.0000 | 3500000000.0000 |
| 2024 | 1464000000.0000 | -1532000000.0000 | -2221000000.0000 | -2270000000.0000 | 4675000000.0000 | 3865000000.0000 | 821000000.0000 |
| 2025 | 701000000.0000 | -575000000.0000 | -710000000.0000 | -702000000.0000 | -- | -- | -- |
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) |
| 1995 | 14.50 | 15.06 | 6.11 | -- | 1.5600 | 1.26 | 0.41 |
| 1996 | 18.54 | 18.79 | 9.67 | -- | 1.6700 | 1.61 | 0.51 |
| 1997 | 18.96 | 19.41 | 8.36 | -- | 1.3900 | 1.70 | 0.43 |
| 1998 | 7.61 | 8.33 | 2.66 | 4.0800 | 1.3300 | 1.36 | 0.32 |
| 1999 | 2.10 | 2.73 | 0.69 | 0.9100 | 1.0200 | -- | 0.25 |
| 2000 | -12.58 | -11.82 | -3.51 | -5.1000 | 1.3200 | -- | 0.30 |
| 2001 | -99.07 | -98.15 | -21.95 | -16.6300 | 1.2700 | 0.92 | 0.22 |
| 2002 | -79.63 | -83.36 | -31.15 | -38.6700 | 2.0200 | 1.13 | 0.37 |
| 2003 | 21.09 | 21.88 | 7.84 | 11.4100 | 1.2400 | 2.08 | 0.36 |
| 2004 | 7.80 | 7.81 | 4.18 | 7.0000 | 2.1200 | 3.05 | 0.54 |
| 2005 | 8.53 | 6.11 | 3.55 | 4.5100 | 2.4100 | 2.67 | 0.58 |
| 2006 | 3.64 | 3.70 | 2.16 | 2.3200 | 2.7900 | 2.98 | 0.58 |
| 2007 | -2.12 | 5.19 | 2.73 | 2.4800 | 2.7000 | 2.72 | 0.53 |
| 2008 | 0.00 | 2.38 | 1.52 | 2.2000 | 2.9300 | 3.04 | 0.64 |
| 2009 | 1.33 | 1.61 | 1.63 | 3.0200 | 5.6500 | 6.56 | 1.01 |
| 2010 | 0.47 | 1.69 | 1.83 | 1.4300 | 6.5600 | 5.92 | 1.08 |
| 2011 | 0.59 | 0.85 | 1.46 | 2.3300 | 10.4400 | 7.43 | 1.71 |
| 2012 | 0.67 | 0.88 | 1.13 | 2.2300 | 13.2800 | 6.52 | 1.29 |
| 2013 | 0.14 | 1.74 | 1.95 | 2.4500 | 12.2900 | 6.29 | 1.12 |
| 2014 | 1.45 | 1.86 | 2.14 | 2.4600 | 6.8000 | 5.64 | 1.15 |
| 2015 | 1.62 | 2.18 | 2.50 | 3.2800 | 6.9900 | 5.89 | 1.14 |
| 2016 | 1.31 | 1.96 | 2.19 | 2.9000 | 12.1900 | 5.72 | 1.12 |
| 2017 | -0.58 | 2.72 | 2.99 | 5.6600 | 12.1400 | 5.74 | 1.10 |
| 2018 | 0.39 | 1.02 | 1.08 | 1.0400 | 8.3500 | 5.83 | 1.06 |
| 2019 | -2.24 | 0.45 | 0.55 | 1.1000 | 8.5800 | 4.03 | 1.22 |
| 2020 | -3.35 | -1.84 | -1.29 | -3.7500 | 5.6500 | 1.78 | 0.70 |
| 2021 | -2.53 | 0.47 | 0.41 | 0.3800 | 9.0000 | 2.54 | 0.87 |
| 2022 | -4.00 | 0.84 | 0.55 | 0.5000 | 5.7500 | 2.43 | 0.66 |
| 2023 | -27.95 | -14.33 | -10.24 | -27.1400 | 4.5600 | 3.10 | 0.71 |
| 2024 | -118.65 | -151.71 | -47.51 | -130.7800 | 1.8600 | 1.70 | 0.31 |
| 2025 | -84.02 | -101.28 | -- | -- | -- | -- | -- |
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 |
| 1995 | 44.58 | 55.42 | 1.9900 | 1.3000 |
| 1996 | 47.69 | 52.31 | 1.8900 | 1.1300 |
| 1997 | 59.59 | 40.20 | 1.3100 | 0.8500 |
| 1998 | 36.81 | 63.19 | 2.0800 | 1.5600 |
| 1999 | 35.21 | 64.61 | 2.1500 | 1.4800 |
| 2000 | 26.17 | 73.83 | 2.9300 | 2.1100 |
| 2001 | 30.43 | 69.57 | 2.8800 | 2.1200 |
| 2002 | 33.84 | 66.09 | 1.7900 | 1.2700 |
| 2003 | 32.21 | 68.07 | 1.9300 | 1.1700 |
| 2004 | 46.87 | 52.94 | 1.5700 | 1.0500 |
| 2005 | 53.64 | 46.51 | 1.3800 | 0.7500 |
| 2006 | 60.95 | 39.05 | 1.1100 | 0.5900 |
| 2007 | 41.58 | 58.42 | 1.8300 | 1.0100 |
| 2008 | 46.71 | 53.29 | 1.7100 | 0.9900 |
| 2009 | 42.73 | 57.22 | 2.0600 | 1.2900 |
| 2010 | 53.81 | 46.19 | 1.6200 | 0.9200 |
| 2011 | 53.20 | 46.80 | 1.5100 | 0.8100 |
| 2012 | 40.14 | 59.86 | 2.2100 | 1.5500 |
| 2013 | 57.30 | 42.70 | 1.4900 | 0.7500 |
| 2014 | 55.66 | 44.34 | 1.4600 | 0.6800 |
| 2015 | 55.53 | 44.47 | 1.2700 | 0.6700 |
| 2016 | 58.17 | 41.81 | 1.3900 | 0.9200 |
| 2017 | 58.96 | 42.35 | 1.3900 | 0.8300 |
| 2018 | 55.82 | 44.79 | 1.4300 | 0.8400 |
| 2019 | 58.09 | 41.91 | 1.5500 | 1.0800 |
| 2020 | 63.11 | 36.89 | 1.3000 | 0.9500 |
| 2021 | 48.86 | 51.19 | 1.6000 | 1.1500 |
| 2022 | 51.92 | 48.08 | 1.5200 | 1.0200 |
| 2023 | 58.04 | 42.16 | 1.3400 | 0.9000 |
| 2024 | 82.67 | 17.56 | 0.9200 | 0.5800 |
| 2025 | -- | -- | -- | -- |
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) |
| 1995 | 112000000.0000 | 8253900.0000 | 4206000.0000 | 1891000.0000 |
| 1996 | 145000000.0000 | 13388000.0000 | 6253400.0000 | 4117500.0000 |
| 1997 | 171000000.0000 | 15192500.0000 | 6065900.0000 | 7431100.0000 |
| 1998 | 170000000.0000 | 13193800.0000 | 8290800.0000 | 1564200.0000 |
| 1999 | 140000000.0000 | 17944100.0000 | 11872700.0000 | 2056900.0000 |
| 2000 | 179000000.0000 | 23583300.0000 | 17485300.0000 | 5107700.0000 |
| 2001 | 215000000.0000 | 14857000.0000 | 87576600.0000 | 5645800.0000 |
| 2002 | 194000000.0000 | 12497400.0000 | 71557000.0000 | 5013700.0000 |
| 2003 | 101000000.0000 | 11910500.0000 | 13685400.0000 | 1630900.0000 |
| 2004 | 260000000.0000 | 24593500.0000 | 27725500.0000 | 3427600.0000 |
| 2005 | 343000000.0000 | 20132100.0000 | 32519100.0000 | 7171600.0000 |
| 2006 | 450000000.0000 | 17765400.0000 | 30932500.0000 | 8278300.0000 |
| 2007 | 530000000.0000 | 22004800.0000 | 32212500.0000 | 9775900.0000 |
| 2008 | 730000000.0000 | 22152400.0000 | 32894400.0000 | 13528800.0000 |
| 2009 | 1861000000.0000 | 97252600.0000 | 56128200.0000 | 18020300.0000 |
| 2010 | 2550000000.0000 | 124000000.0000 | 88519200.0000 | 22828800.0000 |
| 2011 | 4058000000.0000 | 93979700.0000 | 86989600.0000 | 39839100.0000 |
| 2012 | 4586000000.0000 | 67686800.0000 | 84739200.0000 | 58790800.0000 |
| 2013 | 6203000000.0000 | 81277000.0000 | 131000000.0000 | 69597600.0000 |
| 2014 | 6978000000.0000 | 94060000.0000 | 175000000.0000 | 87745100.0000 |
| 2015 | 7305000000.0000 | 103000000.0000 | 209000000.0000 | 109000000.0000 |
| 2016 | 8560000000.0000 | 113000000.0000 | 197000000.0000 | 110000000.0000 |
| 2017 | 9028000000.0000 | 145000000.0000 | 152000000.0000 | 114000000.0000 |
| 2018 | 9229000000.0000 | 177000000.0000 | 145000000.0000 | 117000000.0000 |
| 2019 | 11666000000.0000 | 182000000.0000 | 130000000.0000 | 128000000.0000 |
| 2020 | 7253000000.0000 | 144000000.0000 | 127000000.0000 | 107000000.0000 |
| 2021 | 8764000000.0000 | 169000000.0000 | 126000000.0000 | 107000000.0000 |
| 2022 | 7132000000.0000 | 164000000.0000 | 148000000.0000 | 136000000.0000 |
| 2023 | 7589000000.0000 | 170000000.0000 | 118000000.0000 | 101000000.0000 |
| 2024 | 3201000000.0000 | 83797200.0000 | 77508500.0000 | 70001500.0000 |
| 2025 | 1290000000.0000 | 64509100.0000 | 69192600.0000 | 139000000.0000 |