中商官网
研究报告
海通证券（600837）
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) |
| 1990 | 316000000.0000 | -4410400.0000 | 5307600.0000 | -- | 99114900.0000 | 73693400.0000 | 25421500.0000 |
| 1991 | 462000000.0000 | 5728100.0000 | 5684800.0000 | -- | 206000000.0000 | 169000000.0000 | 36745400.0000 |
| 1992 | 730000000.0000 | 9837700.0000 | 9060600.0000 | -- | 393000000.0000 | 354000000.0000 | 39358800.0000 |
| 1993 | -- | -- | -- | -- | 795000000.0000 | 675000000.0000 | 120000000.0000 |
| 1994 | 1453000000.0000 | 9519000.0000 | 23973000.0000 | 21243000.0000 | 1005000000.0000 | 864000000.0000 | 141000000.0000 |
| 1995 | 1402000000.0000 | 2266600.0000 | 3468200.0000 | 1646900.0000 | 1044000000.0000 | 901000000.0000 | 143000000.0000 |
| 1996 | 1044000000.0000 | -24427200.0000 | -24255700.0000 | -25882400.0000 | 1045000000.0000 | 928000000.0000 | 117000000.0000 |
| 1997 | 873000000.0000 | -108000000.0000 | -108000000.0000 | -110000000.0000 | 1316000000.0000 | 1308000000.0000 | 7795800.0000 |
| 1998 | 749000000.0000 | -106000000.0000 | -108000000.0000 | -110000000.0000 | 1117000000.0000 | 1219000000.0000 | -102000000.0000 |
| 1999 | 577000000.0000 | -388000000.0000 | -400000000.0000 | -402000000.0000 | 707000000.0000 | 1205000000.0000 | -499000000.0000 |
| 2000 | 287000000.0000 | -67681600.0000 | -67235900.0000 | -68897600.0000 | 569000000.0000 | 1137000000.0000 | -568000000.0000 |
| 2001 | 215000000.0000 | 29740900.0000 | 28984500.0000 | 26540000.0000 | 476000000.0000 | 222000000.0000 | 254000000.0000 |
| 2002 | 136000000.0000 | 24255300.0000 | 27171000.0000 | 24383600.0000 | 486000000.0000 | 200000000.0000 | 286000000.0000 |
| 2003 | 149000000.0000 | 69562700.0000 | 72097900.0000 | 63589800.0000 | 582000000.0000 | 223000000.0000 | 359000000.0000 |
| 2004 | 171000000.0000 | 193000000.0000 | 193000000.0000 | 166000000.0000 | 778000000.0000 | 226000000.0000 | 552000000.0000 |
| 2005 | 266000000.0000 | 154000000.0000 | 159000000.0000 | 138000000.0000 | 914000000.0000 | 206000000.0000 | 709000000.0000 |
| 2006 | 2678000000.0000 | 900000000.0000 | 700000000.0000 | 457000000.0000 | 23849000000.0000 | 20053000000.0000 | 3795000000.0000 |
| 2007 | 11265000000.0000 | 7324000000.0000 | 7794000000.0000 | 5560000000.0000 | 95345000000.0000 | 58462000000.0000 | 36884000000.0000 |
| 2008 | 7007000000.0000 | 3664000000.0000 | 3698000000.0000 | 3385000000.0000 | 74686000000.0000 | 36049000000.0000 | 38637000000.0000 |
| 2009 | 9940000000.0000 | 5730000000.0000 | 5982000000.0000 | 4662000000.0000 | 120727000000.0000 | 76208000000.0000 | 44519000000.0000 |
| 2010 | 9768000000.0000 | 4833000000.0000 | 4990000000.0000 | 3868000000.0000 | 115413000000.0000 | 69796000000.0000 | 45617000000.0000 |
| 2011 | 9293000000.0000 | 4168000000.0000 | 4300000000.0000 | 3282000000.0000 | 98876000000.0000 | 52266000000.0000 | 46611000000.0000 |
| 2012 | 9141000000.0000 | 4005000000.0000 | 4127000000.0000 | 3252000000.0000 | 126482000000.0000 | 66052000000.0000 | 60431000000.0000 |
| 2013 | 10455000000.0000 | 5340000000.0000 | 5455000000.0000 | 4281000000.0000 | 169124000000.0000 | 105018000000.0000 | 64105000000.0000 |
| 2014 | 17978000000.0000 | 10218000000.0000 | 10420000000.0000 | 8119000000.0000 | 352622000000.0000 | 280358000000.0000 | 72264000000.0000 |
| 2015 | 38086000000.0000 | 20952000000.0000 | 21119000000.0000 | 16841000000.0000 | 576449000000.0000 | 459521000000.0000 | 116928000000.0000 |
| 2016 | 28011000000.0000 | 10648000000.0000 | 11162000000.0000 | 8931000000.0000 | 560866000000.0000 | 438907000000.0000 | 121958000000.0000 |
| 2017 | 28222000000.0000 | 12287000000.0000 | 12889000000.0000 | 9876000000.0000 | 534706000000.0000 | 405012000000.0000 | 129694000000.0000 |
| 2018 | 23765000000.0000 | 7110000000.0000 | 7570000000.0000 | 5771000000.0000 | 574624000000.0000 | 444438000000.0000 | 130186000000.0000 |
| 2019 | 34860000000.0000 | 13808000000.0000 | 13872000000.0000 | 10541000000.0000 | 636794000000.0000 | 495675000000.0000 | 141119000000.0000 |
| 2020 | 38220000000.0000 | 15862000000.0000 | 15757000000.0000 | 12037000000.0000 | 694073000000.0000 | 525947000000.0000 | 168126000000.0000 |
| 2021 | 43205000000.0000 | 18454000000.0000 | 18544000000.0000 | 13748000000.0000 | 744925000000.0000 | 567170000000.0000 | 177755000000.0000 |
| 2022 | 25948000000.0000 | 7912000000.0000 | 7999000000.0000 | 5196000000.0000 | 753609000000.0000 | 575987000000.0000 | 177622000000.0000 |
| 2023 | 22953000000.0000 | 1451000000.0000 | 1566000000.0000 | -311000000.0000 | 754587000000.0000 | 579787000000.0000 | 174800000000.0000 |
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) |
| 1990 | 98.61 | 1.68 | 5.35 | -- | -- | -- | 3.19 |
| 1991 | 98.80 | 1.23 | 2.76 | -- | -- | -- | 2.24 |
| 1992 | 98.88 | 1.24 | 2.31 | -- | -- | -- | 1.86 |
| 1993 | -- | -- | 0.00 | -- | -- | -- | 0.00 |
| 1994 | 100.00 | 1.65 | 2.39 | -- | -- | -- | 1.45 |
| 1995 | 91.44 | 0.25 | 0.33 | -- | -- | -- | 1.34 |
| 1996 | 88.51 | -2.32 | -2.32 | -- | -- | 8.45 | 1.00 |
| 1997 | 79.84 | -12.37 | -8.21 | -- | -- | 8.90 | 0.66 |
| 1998 | 78.37 | -14.42 | -9.67 | -- | -- | 9.75 | 0.67 |
| 1999 | 30.16 | -69.32 | -56.58 | -- | -- | -- | 0.82 |
| 2000 | 63.07 | -23.43 | -11.82 | -- | -- | -- | 0.50 |
| 2001 | 86.10 | 13.48 | 6.09 | -- | -- | 9.34 | 0.45 |
| 2002 | 72.07 | 19.98 | 5.59 | -- | -- | 6.53 | 0.28 |
| 2003 | 74.61 | 48.39 | 12.39 | -- | -- | 8.77 | 0.26 |
| 2004 | 74.24 | 112.87 | 24.81 | -- | -- | 10.52 | 0.22 |
| 2005 | 79.31 | 59.77 | 17.40 | -- | -- | 12.73 | 0.29 |
| 2006 | 33.64 | 26.14 | 2.94 | -- | -- | -- | 0.11 |
| 2007 | 65.02 | 69.19 | 8.17 | -- | -- | -- | 0.12 |
| 2008 | 52.30 | 52.78 | 4.95 | 8.8100 | -- | -- | 0.09 |
| 2009 | 57.65 | 60.18 | 4.95 | 11.1200 | -- | -- | 0.08 |
| 2010 | 49.48 | 51.09 | 4.32 | 8.3900 | -- | -- | 0.08 |
| 2011 | 44.85 | 46.27 | 4.35 | 6.9300 | -- | -- | 0.09 |
| 2012 | 43.81 | 45.15 | 3.26 | 5.6300 | -- | -- | 0.07 |
| 2013 | 51.08 | 52.18 | 3.23 | 6.7000 | -- | -- | 0.06 |
| 2014 | 56.83 | 57.96 | 2.96 | 11.8800 | -- | -- | 0.05 |
| 2015 | 55.01 | 55.45 | 3.66 | 17.5600 | -- | -- | 0.07 |
| 2016 | 38.01 | 39.85 | 1.99 | 7.3900 | -- | -- | 0.05 |
| 2017 | 43.54 | 45.67 | 2.41 | 7.5600 | -- | -- | 0.05 |
| 2018 | 29.92 | 31.85 | 1.32 | 4.4200 | -- | -- | 0.04 |
| 2019 | 39.61 | 39.79 | 2.18 | 7.8100 | -- | -- | 0.05 |
| 2020 | 41.50 | 41.23 | 2.27 | 7.8800 | -- | -- | 0.06 |
| 2021 | 42.71 | 42.92 | 2.49 | 8.0900 | -- | -- | 0.06 |
| 2022 | 30.49 | 30.83 | 1.06 | 3.9900 | -- | -- | 0.03 |
| 2023 | 6.32 | 6.82 | 0.21 | 0.6100 | -- | -- | 0.03 |
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 |
| 1990 | 74.35 | 25.65 | 1.0600 | 1.0600 |
| 1991 | 82.04 | 17.84 | 1.0500 | 1.0500 |
| 1992 | 90.08 | 10.01 | 0.9300 | 0.9300 |
| 1993 | 84.91 | 15.09 | 1.0000 | 0.6400 |
| 1994 | 85.97 | 14.03 | 0.9300 | 0.5200 |
| 1995 | 86.30 | 13.70 | 0.9100 | 0.6100 |
| 1996 | 88.80 | 11.20 | 0.9100 | 0.6600 |
| 1997 | 99.39 | 0.59 | 0.8400 | 0.5600 |
| 1998 | 109.13 | -9.13 | 0.7500 | 0.5600 |
| 1999 | 170.44 | -70.58 | 0.4500 | 0.3200 |
| 2000 | 199.82 | -99.82 | 0.4400 | 0.2900 |
| 2001 | 46.64 | 53.36 | 0.6000 | 0.4000 |
| 2002 | 41.15 | 58.85 | 1.2300 | 1.0500 |
| 2003 | 38.32 | 61.68 | 1.0100 | 0.8900 |
| 2004 | 29.05 | 70.95 | 1.2300 | 1.0000 |
| 2005 | 22.54 | 77.57 | 1.2100 | 0.9000 |
| 2006 | 84.08 | 15.91 | -- | -- |
| 2007 | 61.32 | 38.68 | -- | -- |
| 2008 | 48.27 | 51.73 | -- | -- |
| 2009 | 63.12 | 36.88 | -- | -- |
| 2010 | 60.47 | 39.53 | -- | -- |
| 2011 | 52.86 | 47.14 | -- | -- |
| 2012 | 52.22 | 47.78 | -- | -- |
| 2013 | 62.10 | 37.90 | -- | -- |
| 2014 | 79.51 | 20.49 | -- | -- |
| 2015 | 79.72 | 20.28 | -- | -- |
| 2016 | 78.26 | 21.74 | -- | -- |
| 2017 | 75.74 | 24.26 | -- | -- |
| 2018 | 77.34 | 22.66 | -- | -- |
| 2019 | 77.84 | 22.16 | -- | -- |
| 2020 | 75.78 | 24.22 | -- | -- |
| 2021 | 76.14 | 23.86 | -- | -- |
| 2022 | 76.43 | 23.57 | -- | -- |
| 2023 | 76.84 | 23.16 | -- | -- |
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) |
| 1990 | 4405000.0000 | -- | -- | -- |
| 1991 | 5536500.0000 | -- | -- | -- |
| 1992 | 8182800.0000 | -- | -- | -- |
| 1993 | -- | -- | -- | -- |
| 1994 | -- | -- | -- | -- |
| 1995 | 120000000.0000 | 45750900.0000 | -- | 32140900.0000 |
| 1996 | 120000000.0000 | 19999400.0000 | -- | 48549800.0000 |
| 1997 | 176000000.0000 | 21879700.0000 | -- | 99002300.0000 |
| 1998 | 162000000.0000 | 21241300.0000 | -- | 88836000.0000 |
| 1999 | 403000000.0000 | 16239500.0000 | -- | 81693400.0000 |
| 2000 | 106000000.0000 | 9697800.0000 | -- | 53808200.0000 |
| 2001 | 29887200.0000 | 9015600.0000 | -- | 4217400.0000 |
| 2002 | 37979600.0000 | 8475700.0000 | -- | 7364500.0000 |
| 2003 | 37826200.0000 | 7739600.0000 | -- | 4200900.0000 |
| 2004 | 44055800.0000 | 9618200.0000 | -- | 5280000.0000 |
| 2005 | 55037300.0000 | 17911700.0000 | -- | 5600000.0000 |
| 2006 | 1777000000.0000 | -- | 1100000000.0000 | 1193500.0000 |
| 2007 | 3941000000.0000 | -- | 3268000000.0000 | 14472800.0000 |
| 2008 | 3342000000.0000 | -- | 2953000000.0000 | 107000000.0000 |
| 2009 | 4210000000.0000 | -- | 3725000000.0000 | 2800600.0000 |
| 2010 | 4935000000.0000 | -- | 4512000000.0000 | 115000000.0000 |
| 2011 | 5125000000.0000 | -- | 4228000000.0000 | 140000000.0000 |
| 2012 | 5136000000.0000 | -- | 4012000000.0000 | -- |
| 2013 | 5115000000.0000 | -- | 4552000000.0000 | -- |
| 2014 | 7761000000.0000 | -- | 6299000000.0000 | 2400000000.0000 |
| 2015 | 17134000000.0000 | -- | 11214000000.0000 | -- |
| 2016 | 17363000000.0000 | -- | 9564000000.0000 | -- |
| 2017 | 15935000000.0000 | -- | 9755000000.0000 | -- |
| 2018 | 16655000000.0000 | -- | 9383000000.0000 | -- |
| 2019 | 21053000000.0000 | -- | 11095000000.0000 | -- |
| 2020 | 22358000000.0000 | -- | 11947000000.0000 | -- |
| 2021 | 24752000000.0000 | -- | 14154000000.0000 | -- |
| 2022 | 18037000000.0000 | -- | 9945000000.0000 | -- |
| 2023 | 21502000000.0000 | -- | 11097000000.0000 | -- |