中商官网
研究报告
恒瑞医药（600276）
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) |
| 1997 | 304000000.0000 | 32517400.0000 | 44511500.0000 | 41129100.0000 | 289000000.0000 | 193000000.0000 | 95540200.0000 |
| 1998 | 364000000.0000 | 48975900.0000 | 52133900.0000 | 43639600.0000 | 366000000.0000 | 224000000.0000 | 142000000.0000 |
| 1999 | 414000000.0000 | 62560800.0000 | 62711000.0000 | 51649700.0000 | 464000000.0000 | 301000000.0000 | 163000000.0000 |
| 2000 | 485000000.0000 | 73351600.0000 | 81887200.0000 | 65537500.0000 | 986000000.0000 | 314000000.0000 | 673000000.0000 |
| 2001 | 634000000.0000 | 91229800.0000 | 97665500.0000 | 81403900.0000 | 1119000000.0000 | 361000000.0000 | 758000000.0000 |
| 2002 | 756000000.0000 | 111000000.0000 | 111000000.0000 | 79272200.0000 | 1205000000.0000 | 369000000.0000 | 835000000.0000 |
| 2003 | 1050000000.0000 | 140000000.0000 | 151000000.0000 | 92204800.0000 | 1451000000.0000 | 547000000.0000 | 903000000.0000 |
| 2004 | 1145000000.0000 | 178000000.0000 | 173000000.0000 | 121000000.0000 | 1255000000.0000 | 257000000.0000 | 998000000.0000 |
| 2005 | 1179000000.0000 | 226000000.0000 | 221000000.0000 | 160000000.0000 | 1285000000.0000 | 177000000.0000 | 1108000000.0000 |
| 2006 | 1437000000.0000 | 290000000.0000 | 289000000.0000 | 205000000.0000 | 1468000000.0000 | 201000000.0000 | 1267000000.0000 |
| 2007 | 1981000000.0000 | 503000000.0000 | 507000000.0000 | 420000000.0000 | 2058000000.0000 | 403000000.0000 | 1655000000.0000 |
| 2008 | 2393000000.0000 | 450000000.0000 | 470000000.0000 | 436000000.0000 | 2254000000.0000 | 230000000.0000 | 2024000000.0000 |
| 2009 | 3029000000.0000 | 772000000.0000 | 781000000.0000 | 693000000.0000 | 2999000000.0000 | 334000000.0000 | 2665000000.0000 |
| 2010 | 3744000000.0000 | 845000000.0000 | 860000000.0000 | 755000000.0000 | 3896000000.0000 | 421000000.0000 | 3475000000.0000 |
| 2011 | 4550000000.0000 | 1032000000.0000 | 1065000000.0000 | 940000000.0000 | 4818000000.0000 | 439000000.0000 | 4379000000.0000 |
| 2012 | 5435000000.0000 | 1300000000.0000 | 1346000000.0000 | 1151000000.0000 | 5893000000.0000 | 450000000.0000 | 5442000000.0000 |
| 2013 | 6203000000.0000 | 1451000000.0000 | 1479000000.0000 | 1292000000.0000 | 7220000000.0000 | 564000000.0000 | 6656000000.0000 |
| 2014 | 7452000000.0000 | 1772000000.0000 | 1800000000.0000 | 1573000000.0000 | 9087000000.0000 | 933000000.0000 | 8154000000.0000 |
| 2015 | 9316000000.0000 | 2559000000.0000 | 2562000000.0000 | 2224000000.0000 | 11497000000.0000 | 1139000000.0000 | 10358000000.0000 |
| 2016 | 11094000000.0000 | 3023000000.0000 | 3013000000.0000 | 2634000000.0000 | 14330000000.0000 | 1456000000.0000 | 12874000000.0000 |
| 2017 | 13836000000.0000 | 3808000000.0000 | 3759000000.0000 | 3293000000.0000 | 18039000000.0000 | 2096000000.0000 | 15943000000.0000 |
| 2018 | 17418000000.0000 | 4597000000.0000 | 4499000000.0000 | 4061000000.0000 | 22361000000.0000 | 2563000000.0000 | 19798000000.0000 |
| 2019 | 23289000000.0000 | 6150000000.0000 | 6056000000.0000 | 5326000000.0000 | 27556000000.0000 | 2619000000.0000 | 24938000000.0000 |
| 2020 | 27735000000.0000 | 7007000000.0000 | 6895000000.0000 | 6309000000.0000 | 34730000000.0000 | 3943000000.0000 | 30787000000.0000 |
| 2021 | 25906000000.0000 | 4665000000.0000 | 4466000000.0000 | 4484000000.0000 | 39266000000.0000 | 3694000000.0000 | 35572000000.0000 |
| 2022 | 21275000000.0000 | 4112000000.0000 | 3968000000.0000 | 3815000000.0000 | 42371000000.0000 | 3958000000.0000 | 38413000000.0000 |
| 2023 | 22820000000.0000 | 4910000000.0000 | 4667000000.0000 | 4278000000.0000 | 43785000000.0000 | 2751000000.0000 | 41033000000.0000 |
| 2024 | 27985000000.0000 | 7491000000.0000 | 7170000000.0000 | 6337000000.0000 | 50136000000.0000 | 4045000000.0000 | 46090000000.0000 |
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) |
| 1997 | 10.53 | 14.64 | 15.40 | -- | 2.6900 | -- | 1.05 |
| 1998 | 13.46 | 14.32 | 14.24 | -- | 2.6200 | -- | 0.99 |
| 1999 | 14.98 | 15.15 | 13.52 | -- | 2.6200 | -- | 0.89 |
| 2000 | 14.43 | 16.88 | 8.30 | 21.0700 | 2.6500 | -- | 0.49 |
| 2001 | 13.25 | 15.40 | 8.73 | 11.4500 | 2.8500 | 3.04 | 0.57 |
| 2002 | 13.76 | 14.68 | 9.21 | 10.0900 | 3.1100 | 3.57 | 0.63 |
| 2003 | 12.67 | 14.38 | 10.41 | 10.9300 | 3.3400 | 4.76 | 0.72 |
| 2004 | 15.20 | 15.11 | 13.78 | 12.9400 | 3.2500 | 5.98 | 0.91 |
| 2005 | 18.15 | 18.74 | 17.20 | 15.6100 | 3.4800 | 7.56 | 0.92 |
| 2006 | 18.93 | 20.11 | 19.69 | 17.5900 | 3.3500 | 9.70 | 0.98 |
| 2007 | 18.32 | 25.59 | 24.64 | 28.2300 | 3.1000 | 6.89 | 0.96 |
| 2008 | 25.49 | 19.64 | 20.85 | 22.8700 | 2.8900 | 4.60 | 1.06 |
| 2009 | 23.01 | 25.78 | 26.04 | 28.6100 | 3.0900 | 4.13 | 1.01 |
| 2010 | 22.54 | 22.97 | 22.07 | 24.4500 | 3.4300 | 3.71 | 0.96 |
| 2011 | 22.66 | 23.41 | 22.10 | 23.1100 | 3.2900 | 3.77 | 0.94 |
| 2012 | 23.92 | 24.77 | 22.84 | 22.9100 | 2.7300 | 4.03 | 0.92 |
| 2013 | 23.39 | 23.84 | 20.48 | 21.2200 | 3.0200 | 4.13 | 0.86 |
| 2014 | 23.78 | 24.15 | 19.81 | 21.2800 | 2.6800 | 4.44 | 0.82 |
| 2015 | 27.49 | 27.50 | 22.28 | 24.3700 | 2.5500 | 4.79 | 0.81 |
| 2016 | 27.13 | 27.16 | 21.03 | 23.2400 | 2.4700 | 5.02 | 0.77 |
| 2017 | 26.11 | 27.17 | 20.84 | 23.2800 | 2.5900 | 5.02 | 0.77 |
| 2018 | 24.02 | 25.83 | 20.12 | 23.6000 | 2.5700 | 5.00 | 0.78 |
| 2019 | 24.10 | 26.00 | 21.98 | 24.0200 | 2.2100 | 5.37 | 0.85 |
| 2020 | 23.22 | 24.86 | 19.85 | 22.5100 | 1.9800 | 5.56 | 0.80 |
| 2021 | 15.84 | 17.24 | 11.37 | 13.9600 | 1.7900 | 5.34 | 0.66 |
| 2022 | 15.77 | 18.65 | 9.36 | 10.8900 | 1.4400 | 4.04 | 0.50 |
| 2023 | 19.79 | 20.45 | 10.66 | 10.9900 | 1.4800 | 4.12 | 0.52 |
| 2024 | 24.92 | 25.62 | 14.30 | 14.7300 | 1.6300 | 5.54 | 0.56 |
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 |
| 1997 | 66.78 | 33.06 | 0.8600 | 0.4400 |
| 1998 | 61.20 | 38.80 | 1.3100 | 0.7500 |
| 1999 | 64.87 | 35.13 | 1.2500 | 0.9300 |
| 2000 | 31.85 | 68.26 | 4.1400 | 3.5900 |
| 2001 | 32.26 | 67.74 | 2.8400 | 2.3400 |
| 2002 | 30.62 | 69.29 | 2.0600 | 1.6900 |
| 2003 | 37.70 | 62.23 | 1.7000 | 1.3500 |
| 2004 | 20.48 | 79.52 | 3.2000 | 2.9000 |
| 2005 | 13.77 | 86.23 | 6.5200 | 5.8900 |
| 2006 | 13.69 | 86.31 | 6.1700 | 5.5000 |
| 2007 | 19.58 | 80.42 | 4.2100 | 3.8600 |
| 2008 | 10.20 | 89.80 | 6.7600 | 5.8900 |
| 2009 | 11.14 | 88.86 | 6.6300 | 5.9900 |
| 2010 | 10.81 | 89.19 | 7.4600 | 6.7900 |
| 2011 | 9.11 | 90.89 | 8.6900 | 7.2700 |
| 2012 | 7.64 | 92.35 | 10.2600 | 8.6800 |
| 2013 | 7.81 | 92.19 | 9.7600 | 8.6200 |
| 2014 | 10.27 | 89.73 | 10.0800 | 9.0100 |
| 2015 | 9.91 | 90.09 | 8.9100 | 8.1700 |
| 2016 | 10.16 | 89.84 | 8.3500 | 6.3800 |
| 2017 | 11.62 | 88.38 | 7.0600 | 4.2500 |
| 2018 | 11.46 | 88.54 | 7.2500 | 3.7400 |
| 2019 | 9.50 | 90.50 | 9.0200 | 8.0500 |
| 2020 | 11.35 | 88.65 | 7.4400 | 6.7000 |
| 2021 | 9.41 | 90.59 | 8.8700 | 7.7200 |
| 2022 | 9.34 | 90.66 | 8.5000 | 7.3600 |
| 2023 | 6.28 | 93.71 | 12.2500 | 10.7400 |
| 2024 | 8.07 | 91.93 | 9.7200 | 8.6200 |
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) |
| 1997 | 272000000.0000 | 47032700.0000 | 32179800.0000 | 10065800.0000 |
| 1998 | 315000000.0000 | 55584300.0000 | 41806900.0000 | 9268100.0000 |
| 1999 | 352000000.0000 | 66931200.0000 | 57801700.0000 | 6737600.0000 |
| 2000 | 415000000.0000 | 112000000.0000 | 65100300.0000 | 5945800.0000 |
| 2001 | 550000000.0000 | 169000000.0000 | 107000000.0000 | 10713600.0000 |
| 2002 | 652000000.0000 | 234000000.0000 | 117000000.0000 | 14866900.0000 |
| 2003 | 917000000.0000 | 340000000.0000 | 198000000.0000 | 17253800.0000 |
| 2004 | 971000000.0000 | 431000000.0000 | 227000000.0000 | 12323400.0000 |
| 2005 | 965000000.0000 | 476000000.0000 | 240000000.0000 | 2332600.0000 |
| 2006 | 1165000000.0000 | 563000000.0000 | 300000000.0000 | 3473100.0000 |
| 2007 | 1618000000.0000 | 819000000.0000 | 407000000.0000 | 4150400.0000 |
| 2008 | 1783000000.0000 | 965000000.0000 | 342000000.0000 | 4668100.0000 |
| 2009 | 2332000000.0000 | 1346000000.0000 | 436000000.0000 | 13500.0000 |
| 2010 | 2900000000.0000 | 1605000000.0000 | 621000000.0000 | 30500.0000 |
| 2011 | 3519000000.0000 | 1912000000.0000 | 758000000.0000 | 60900.0000 |
| 2012 | 4135000000.0000 | 2340000000.0000 | 892000000.0000 | 52900.0000 |
| 2013 | 4752000000.0000 | 2355000000.0000 | 1156000000.0000 | 30000.0000 |
| 2014 | 5680000000.0000 | 2844000000.0000 | 1464000000.0000 | 30000.0000 |
| 2015 | 6755000000.0000 | 3525000000.0000 | 1843000000.0000 | 30000.0000 |
| 2016 | 8084000000.0000 | 4352000000.0000 | 2266000000.0000 | -166000000.0000 |
| 2017 | 10224000000.0000 | 5189000000.0000 | 1194000000.0000 | -36631700.0000 |
| 2018 | 13234000000.0000 | 6464000000.0000 | 1626000000.0000 | -124000000.0000 |
| 2019 | 17677000000.0000 | 8525000000.0000 | 2241000000.0000 | -134000000.0000 |
| 2020 | 21296000000.0000 | 9803000000.0000 | 3067000000.0000 | -182000000.0000 |
| 2021 | 21803000000.0000 | 9384000000.0000 | 2860000000.0000 | 4710200.0000 |
| 2022 | 17920000000.0000 | 7348000000.0000 | 2306000000.0000 | 6491900.0000 |
| 2023 | 18304000000.0000 | 7577000000.0000 | 2417000000.0000 | 5903800.0000 |
| 2024 | 21012000000.0000 | 8336000000.0000 | 2556000000.0000 | -1841800.0000 |