中商官网
研究报告
华能水电（600025）
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) |
| 2002 | 685000000.0000 | 227000000.0000 | 214000000.0000 | 181000000.0000 | 5447000000.0000 | 2902000000.0000 | 2545000000.0000 |
| 2003 | 664000000.0000 | 230000000.0000 | 225000000.0000 | 191000000.0000 | 7395000000.0000 | 4487000000.0000 | 2908000000.0000 |
| 2004 | 719000000.0000 | 211000000.0000 | 203000000.0000 | 170000000.0000 | 11274000000.0000 | 7731000000.0000 | 3543000000.0000 |
| 2005 | 854000000.0000 | 287000000.0000 | 280000000.0000 | 238000000.0000 | 17052000000.0000 | 12132000000.0000 | 4919000000.0000 |
| 2006 | 714000000.0000 | 216000000.0000 | 213000000.0000 | 178000000.0000 | 24377000000.0000 | 17860000000.0000 | 6517000000.0000 |
| 2007 | 1092000000.0000 | 299000000.0000 | 294000000.0000 | 246000000.0000 | 35858000000.0000 | 27016000000.0000 | 8842000000.0000 |
| 2008 | 2535000000.0000 | 510000000.0000 | 506000000.0000 | 425000000.0000 | 48837000000.0000 | 37348000000.0000 | 11489000000.0000 |
| 2009 | 4159000000.0000 | 686000000.0000 | 710000000.0000 | 604000000.0000 | 59811000000.0000 | 46470000000.0000 | 13342000000.0000 |
| 2010 | 7902000000.0000 | 1993000000.0000 | 2037000000.0000 | 1703000000.0000 | 73094000000.0000 | 56981000000.0000 | 16113000000.0000 |
| 2011 | 8876000000.0000 | 2139000000.0000 | 2167000000.0000 | 1906000000.0000 | 94155000000.0000 | 73964000000.0000 | 20191000000.0000 |
| 2012 | 10293000000.0000 | 2969000000.0000 | 2992000000.0000 | 2545000000.0000 | 113030000000.0000 | 90721000000.0000 | 22309000000.0000 |
| 2013 | 13580000000.0000 | 4373000000.0000 | 4117000000.0000 | 3572000000.0000 | 139042000000.0000 | 110997000000.0000 | 28045000000.0000 |
| 2014 | 15608000000.0000 | 4482000000.0000 | 5123000000.0000 | 4793000000.0000 | 151216000000.0000 | 121269000000.0000 | 29947000000.0000 |
| 2015 | 12961000000.0000 | 1968000000.0000 | 2924000000.0000 | 2525000000.0000 | 156581000000.0000 | 122043000000.0000 | 34539000000.0000 |
| 2016 | 11552000000.0000 | 1146000000.0000 | 1015000000.0000 | 733000000.0000 | 162068000000.0000 | 126780000000.0000 | 35289000000.0000 |
| 2017 | 12847000000.0000 | 3292000000.0000 | 2796000000.0000 | 2371000000.0000 | 167980000000.0000 | 126979000000.0000 | 41002000000.0000 |
| 2018 | 15516000000.0000 | 7387000000.0000 | 6880000000.0000 | 6050000000.0000 | 168365000000.0000 | 122585000000.0000 | 45781000000.0000 |
| 2019 | 20801000000.0000 | 6882000000.0000 | 6270000000.0000 | 5937000000.0000 | 167460000000.0000 | 110707000000.0000 | 56753000000.0000 |
| 2020 | 19253000000.0000 | 5677000000.0000 | 5653000000.0000 | 5283000000.0000 | 164632000000.0000 | 101120000000.0000 | 63512000000.0000 |
| 2021 | 22691000000.0000 | 7974000000.0000 | 7953000000.0000 | 6977000000.0000 | 177838000000.0000 | 106475000000.0000 | 71363000000.0000 |
| 2022 | 23581000000.0000 | 9094000000.0000 | 9113000000.0000 | 7963000000.0000 | 181631000000.0000 | 106526000000.0000 | 75105000000.0000 |
| 2023 | 23461000000.0000 | 9426000000.0000 | 9420000000.0000 | 8243000000.0000 | 195239000000.0000 | 124516000000.0000 | 70723000000.0000 |
| 2024 | 24882000000.0000 | 10387000000.0000 | 10365000000.0000 | 8912000000.0000 | 214607000000.0000 | 135439000000.0000 | 79168000000.0000 |
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) |
| 2002 | 32.85 | 31.24 | 3.93 | -- | 117.1900 | 14.10 | 0.13 |
| 2003 | 34.79 | 33.89 | 3.04 | -- | 87.2900 | 15.40 | 0.09 |
| 2004 | 29.21 | 28.23 | 1.80 | -- | 90.3400 | 18.08 | 0.06 |
| 2005 | 32.44 | 32.79 | 1.64 | -- | 105.8100 | 19.66 | 0.05 |
| 2006 | 28.29 | 29.83 | 0.87 | -- | 20.9500 | 17.21 | 0.03 |
| 2007 | 26.47 | 26.92 | 0.82 | -- | 19.0400 | 8.44 | 0.03 |
| 2008 | 19.41 | 19.96 | 1.04 | -- | 10.7400 | 11.40 | 0.05 |
| 2009 | 15.89 | 17.07 | 1.19 | -- | 12.9600 | 9.21 | 0.07 |
| 2010 | 24.99 | 25.78 | 2.79 | -- | 29.5800 | 11.21 | 0.11 |
| 2011 | 23.60 | 24.41 | 2.30 | -- | 29.1900 | 10.99 | 0.09 |
| 2012 | 28.16 | 29.07 | 2.65 | -- | 36.0400 | 8.43 | 0.09 |
| 2013 | 30.68 | 30.32 | 2.96 | 14.7600 | 88.3500 | 7.85 | 0.10 |
| 2014 | 27.40 | 32.82 | 3.39 | 15.7300 | 207.7500 | 8.12 | 0.10 |
| 2015 | 14.32 | 22.56 | 1.87 | 7.5300 | 153.3900 | 8.33 | 0.08 |
| 2016 | 10.33 | 8.79 | 0.63 | 1.4900 | 136.8600 | 10.32 | 0.07 |
| 2017 | 15.40 | 21.76 | 1.66 | 6.3100 | 171.6600 | 8.34 | 0.08 |
| 2018 | 20.56 | 44.34 | 4.09 | 13.8700 | 269.2700 | 7.06 | 0.09 |
| 2019 | 31.32 | 30.14 | 3.74 | 11.6400 | 367.3400 | 9.38 | 0.12 |
| 2020 | 27.93 | 29.36 | 3.43 | 8.4700 | 267.9500 | 11.24 | 0.12 |
| 2021 | 33.05 | 35.05 | 4.47 | 9.2900 | 216.1100 | 12.37 | 0.13 |
| 2022 | 37.40 | 38.65 | 5.02 | 10.5900 | 210.6500 | 12.22 | 0.13 |
| 2023 | 39.11 | 40.15 | 4.82 | 10.5000 | 233.9100 | 13.30 | 0.12 |
| 2024 | 40.30 | 41.66 | 4.83 | 11.8500 | 258.8100 | 12.67 | 0.12 |
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 |
| 2002 | 53.28 | 46.72 | 0.7800 | 0.7700 |
| 2003 | 60.68 | 39.32 | 0.1700 | 0.1700 |
| 2004 | 68.57 | 31.43 | 0.1400 | 0.1300 |
| 2005 | 71.15 | 28.85 | 0.1000 | 0.0900 |
| 2006 | 73.27 | 26.73 | 0.0600 | 0.0500 |
| 2007 | 75.34 | 24.66 | 0.0700 | 0.0700 |
| 2008 | 76.47 | 23.53 | 0.1800 | 0.1000 |
| 2009 | 77.69 | 22.31 | 0.0900 | 0.0700 |
| 2010 | 77.96 | 22.04 | 0.1000 | 0.1000 |
| 2011 | 78.56 | 21.44 | 0.0800 | 0.0700 |
| 2012 | 80.26 | 19.74 | 0.1300 | 0.1200 |
| 2013 | 79.83 | 20.17 | 0.0900 | 0.0800 |
| 2014 | 80.20 | 19.80 | 0.1100 | 0.1000 |
| 2015 | 77.94 | 22.06 | 0.0800 | 0.0700 |
| 2016 | 78.23 | 21.77 | 0.0600 | 0.0600 |
| 2017 | 75.59 | 24.41 | 0.2300 | 0.2300 |
| 2018 | 72.81 | 27.19 | 0.2000 | 0.1800 |
| 2019 | 66.11 | 33.89 | 0.2700 | 0.2500 |
| 2020 | 61.42 | 38.58 | 0.2800 | 0.2700 |
| 2021 | 59.87 | 40.13 | 0.1600 | 0.1600 |
| 2022 | 58.65 | 41.35 | 0.1700 | 0.1600 |
| 2023 | 63.78 | 36.22 | 0.1500 | 0.1400 |
| 2024 | 63.11 | 36.89 | 0.1400 | 0.1400 |
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) |
| 2002 | 460000000.0000 | -- | -- | 85156500.0000 |
| 2003 | 433000000.0000 | -- | 9019000.0000 | 68351400.0000 |
| 2004 | 509000000.0000 | -- | 10099400.0000 | 66865200.0000 |
| 2005 | 577000000.0000 | -- | 11800800.0000 | 72750500.0000 |
| 2006 | 512000000.0000 | -- | 11094400.0000 | 60271700.0000 |
| 2007 | 803000000.0000 | -- | 12503700.0000 | 74790500.0000 |
| 2008 | 2043000000.0000 | 19038200.0000 | 15216300.0000 | 230000000.0000 |
| 2009 | 3498000000.0000 | 21386200.0000 | 36827500.0000 | 624000000.0000 |
| 2010 | 5927000000.0000 | 24235700.0000 | 72235500.0000 | 1410000000.0000 |
| 2011 | 6781000000.0000 | 23690000.0000 | 132000000.0000 | 1756000000.0000 |
| 2012 | 7395000000.0000 | 20492200.0000 | 174000000.0000 | 2232000000.0000 |
| 2013 | 9413000000.0000 | 17045100.0000 | 185000000.0000 | 3515000000.0000 |
| 2014 | 11331000000.0000 | 18038400.0000 | 200000000.0000 | 4369000000.0000 |
| 2015 | 11105000000.0000 | 20419900.0000 | 196000000.0000 | 4062000000.0000 |
| 2016 | 10359000000.0000 | 9275900.0000 | 182000000.0000 | 3533000000.0000 |
| 2017 | 10868000000.0000 | 17619800.0000 | 194000000.0000 | 3577000000.0000 |
| 2018 | 12326000000.0000 | 21521900.0000 | 218000000.0000 | 4092000000.0000 |
| 2019 | 14286000000.0000 | 30667500.0000 | 349000000.0000 | 4483000000.0000 |
| 2020 | 13875000000.0000 | 31289600.0000 | 317000000.0000 | 3883000000.0000 |
| 2021 | 15191000000.0000 | 49626500.0000 | 454000000.0000 | 3649000000.0000 |
| 2022 | 14761000000.0000 | 53560400.0000 | 510000000.0000 | 3216000000.0000 |
| 2023 | 14286000000.0000 | 60073900.0000 | 543000000.0000 | 2771000000.0000 |
| 2024 | 14854000000.0000 | 63598500.0000 | 538000000.0000 | 2701000000.0000 |