中商官网
研究报告
九龙仓集团（HK0004）
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 （%) |
| 202406 | 7032000000.0000 | -13.51 | 4150000000.0000 | -1.47 | -5543000000.0000 | -492.84 | -2637000000.0000 | -478.88 |
| 202312 | 18950000000.0000 | 4.90 | 9052000000.0000 | 2.36 | 2195000000.0000 | 871.24 | 945000000.0000 | -155.43 |
| 202306 | 8130000000.0000 | -0.96 | 4212000000.0000 | -8.51 | 1411000000.0000 | 18.17 | 696000000.0000 | 1121.05 |
| 202212 | 18064000000.0000 | -19.28 | 8843000000.0000 | -21.84 | 226000000.0000 | -97.55 | -1705000000.0000 | -128.33 |
| 202206 | 8209000000.0000 | -33.46 | 4604000000.0000 | -18.11 | 1194000000.0000 | -53.65 | 57000000.0000 | -94.51 |
| 202112 | 22378000000.0000 | 6.58 | 11314000000.0000 | -16.92 | 9237000000.0000 | -3.04 | 6019000000.0000 | 55.77 |
| 202106 | 12337000000.0000 | 122.25 | 5622000000.0000 | 53.77 | 2576000000.0000 | -288.17 | 1038000000.0000 | -159.62 |
| 202012 | 20997000000.0000 | 24.43 | 13618000000.0000 | 31.88 | 9527000000.0000 | 47.25 | 3864000000.0000 | 14.12 |
| 202006 | 5551000000.0000 | -31.16 | 3656000000.0000 | -26.47 | -1369000000.0000 | -135.08 | -1741000000.0000 | -171.06 |
| 201912 | 16874000000.0000 | -19.86 | 10326000000.0000 | -9.13 | 6470000000.0000 | -40.30 | 3386000000.0000 | -48.88 |
| 201906 | 8064000000.0000 | 3.08 | 4972000000.0000 | 22.25 | 3902000000.0000 | -11.08 | 2450000000.0000 | -14.34 |
| 201812 | 21055000000.0000 | -51.34 | 11364000000.0000 | -52.39 | 10837000000.0000 | -64.55 | 6623000000.0000 | -69.72 |
| 201806 | 7823000000.0000 | -54.15 | 4067000000.0000 | -60.58 | 4388000000.0000 | -60.82 | 2860000000.0000 | -66.12 |
| 201712 | 43273000000.0000 | -7.19 | 23870000000.0000 | 11.12 | 30570000000.0000 | 18.62 | 21876000000.0000 | 2.03 |
| 201706 | 17063000000.0000 | -14.77 | 10318000000.0000 | 1.72 | 11199000000.0000 | 29.56 | 8441000000.0000 | 25.52 |
| 201612 | 46627000000.0000 | 14.07 | 21482000000.0000 | 9.64 | 25772000000.0000 | 24.89 | 21440000000.0000 | 33.80 |
| 201606 | 20021000000.0000 | 11.81 | 10144000000.0000 | 4.89 | 8644000000.0000 | -5.49 | 6725000000.0000 | -3.35 |
| 201512 | 40875000000.0000 | 7.18 | 19593000000.0000 | 4.98 | 20635000000.0000 | -48.61 | 16024000000.0000 | -55.40 |
| 201506 | 17906000000.0000 | 9.75 | 9671000000.0000 | 5.11 | 9146000000.0000 | -33.70 | 6958000000.0000 | -40.53 |
| 201412 | 38136000000.0000 | 19.60 | 18664000000.0000 | 5.17 | 40154000000.0000 | 16.52 | 35930000000.0000 | 22.29 |
| 201406 | 16315000000.0000 | 9.64 | 9201000000.0000 | 13.63 | 13795000000.0000 | -28.76 | 11701000000.0000 | -32.13 |
| 201312 | 31887000000.0000 | 3.34 | 17746000000.0000 | -2.77 | 34460000000.0000 | -34.46 | 29380000000.0000 | -37.84 |
| 201306 | 14880000000.0000 | -18.47 | 8097000000.0000 | -19.72 | 19363000000.0000 | -27.78 | 17240000000.0000 | -27.09 |
| 201212 | 30856000000.0000 | 28.55 | 18252000000.0000 | 22.42 | 52579000000.0000 | 51.78 | 47263000000.0000 | 54.62 |
| 201206 | 18250000000.0000 | 87.28 | 10086000000.0000 | 53.21 | 26810000000.0000 | 66.32 | 23646000000.0000 | 65.33 |
| 201112 | 24004000000.0000 | 23.86 | 14909000000.0000 | 21.13 | 34641000000.0000 | -10.77 | 30568000000.0000 | -14.50 |
| 201106 | 9745000000.0000 | 13.02 | 6583000000.0000 | 9.72 | 16120000000.0000 | 33.80 | 14302000000.0000 | 31.31 |
| 201012 | 19380000000.0000 | 10.41 | 12308000000.0000 | 7.18 | 38823000000.0000 | 75.98 | 35750000000.0000 | 85.66 |
| 201006 | 8622000000.0000 | 0.13 | 6000000000.0000 | 5.24 | 12048000000.0000 | 33.48 | 10892000000.0000 | 56.16 |
| 200912 | 17553000000.0000 | 10.12 | 11484000000.0000 | 8.53 | 22061000000.0000 | 179.01 | 19256000000.0000 | 208.24 |
| 200906 | 8611000000.0000 | 7.65 | 5701000000.0000 | 2.57 | 9026000000.0000 | -9.40 | 6975000000.0000 | -16.90 |
| 200812 | 15940000000.0000 | -1.65 | 10581000000.0000 | -0.16 | 7907000000.0000 | -56.58 | 6247000000.0000 | -52.47 |
| 200806 | 7999000000.0000 | -7.09 | 5558000000.0000 | -0.41 | 9963000000.0000 | 51.44 | 8393000000.0000 | 89.46 |
| 200712 | 16208000000.0000 | 21.28 | 10598000000.0000 | 21.66 | 18209000000.0000 | 31.73 | 13143000000.0000 | 22.18 |
| 200706 | 8609000000.0000 | 33.49 | 5581000000.0000 | 34.26 | 6579000000.0000 | -17.46 | 4430000000.0000 | -29.22 |
| 200612 | 13364000000.0000 | 6.55 | 8711000000.0000 | 4.42 | 13823000000.0000 | -20.62 | 10757000000.0000 | -22.54 |
| 200606 | 6449000000.0000 | 4.37 | 4157000000.0000 | 1.64 | 7971000000.0000 | -30.77 | 6259000000.0000 | -30.72 |
| 200512 | 12543000000.0000 | 4.94 | 8342000000.0000 | 7.65 | 17413000000.0000 | 5.71 | 13888000000.0000 | 9.55 |
| 200506 | 6179000000.0000 | 7.67 | 4090000000.0000 | 8.66 | 11514000000.0000 | 359.46 | 9035000000.0000 | 441.67 |
| 200412 | 11953000000.0000 | 6.22 | 7749000000.0000 | 5.53 | 16473000000.0000 | 246.44 | 12677000000.0000 | 316.60 |
| 200406 | 5739000000.0000 | 5.05 | 3764000000.0000 | 8.35 | 2506000000.0000 | 18.38 | 1668000000.0000 | 27.43 |
| 200312 | 11253000000.0000 | -0.71 | 7343000000.0000 | -2.77 | 4755000000.0000 | 30.02 | 3043000000.0000 | 34.71 |
| 200306 | 5463000000.0000 | -2.03 | 3474000000.0000 | -5.24 | 2117000000.0000 | 17.81 | 1309000000.0000 | 10.84 |
| 200212 | 11333000000.0000 | -3.34 | 7552000000.0000 | 1.90 | 3657000000.0000 | 2.55 | 2259000000.0000 | -10.32 |
| 200206 | 5576000000.0000 | -3.91 | 3666000000.0000 | 3.09 | 1797000000.0000 | 6.77 | 1181000000.0000 | 3.14 |
| 200112 | 11725000000.0000 | -2.48 | 7411000000.0000 | 9.73 | 3566000000.0000 | -2.57 | 2519000000.0000 | 1.00 |
| 200106 | 5803000000.0000 | 0.59 | 3556000000.0000 | 9.69 | 1683000000.0000 | 3.89 | 1145000000.0000 | 1.51 |
| 200012 | 12023000000.0000 | 14.28 | 6754000000.0000 | 11.18 | 3660000000.0000 | -17.90 | 2494000000.0000 | -28.97 |
| 200006 | 5769000000.0000 | -- | 3242000000.0000 | -- | 1620000000.0000 | -- | 1128000000.0000 | -- |
| 199912 | 10521000000.0000 | -- | 6075000000.0000 | -- | 4458000000.0000 | -- | 3511000000.0000 | -- |
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) |
| 202406 | 59.02 | -- | -2.92 | -1.96 | 0.08 | -- | 0.04 |
| 202312 | 47.77 | -- | 1.07 | 0.66 | 0.27 | -- | 0.09 |
| 202306 | 51.81 | -- | 0.65 | 0.48 | 0.10 | -- | 0.04 |
| 202212 | 48.95 | -- | 0.10 | -1.12 | 0.21 | -- | 0.08 |
| 202206 | 56.08 | -- | 0.49 | 0.04 | 0.08 | -- | 0.03 |
| 202112 | 50.56 | -- | 3.64 | 3.71 | 0.23 | -- | 0.09 |
| 202106 | 45.57 | -- | 0.93 | 0.63 | 0.14 | -- | 0.04 |
| 202012 | 64.86 | -- | 3.75 | 2.43 | 0.17 | -- | 0.08 |
| 202006 | 65.86 | -- | -0.58 | -1.24 | 0.05 | -- | 0.02 |
| 201912 | 61.19 | -- | 2.67 | 2.37 | 0.15 | -- | 0.07 |
| 201906 | 61.66 | -- | 1.65 | 1.72 | 0.07 | -- | 0.03 |
| 201812 | 53.97 | -- | 4.77 | 4.89 | 0.21 | -- | 0.09 |
| 201806 | 51.99 | -- | 1.89 | 2.01 | 0.08 | -- | 0.03 |
| 201712 | 55.16 | -- | 13.73 | 15.41 | 0.77 | -- | 0.19 |
| 201706 | 60.47 | -- | 2.55 | 2.6 | 0.34 | -- | 0.04 |
| 201612 | 46.07 | -- | 5.81 | 6.77 | 1.05 | -- | 0.11 |
| 201606 | 50.67 | -- | 1.97 | 2.19 | 0.31 | -- | 0.05 |
| 201512 | 47.93 | -- | 4.65 | 5.21 | 0.56 | -- | 0.09 |
| 201506 | 54.01 | -- | 2.04 | 2.25 | 0.19 | -- | 0.04 |
| 201412 | 48.94 | -- | 9.03 | 11.76 | 0.41 | -- | 0.09 |
| 201406 | 56.40 | -- | 3.32 | 4.15 | 0.14 | -- | 0.04 |
| 201312 | 55.65 | -- | 8.30 | 10.66 | 0.26 | -- | 0.08 |
| 201306 | 54.42 | -- | 4.95 | 6.55 | 0.14 | -- | 0.04 |
| 201212 | 59.15 | -- | 14.25 | 19.02 | 0.26 | -- | 0.08 |
| 201206 | 55.27 | -- | 8.02 | 10.52 | 0.18 | -- | 0.05 |
| 201112 | 62.11 | -- | 10.89 | 15.04 | 0.19 | -- | 0.08 |
| 201106 | 67.55 | -- | 5.72 | 7.67 | 0.08 | -- | 0.03 |
| 201012 | 63.51 | -- | 15.99 | 21.92 | 0.24 | -- | 0.08 |
| 201006 | 69.59 | -- | 5.96 | 8.81 | 0.12 | -- | 0.04 |
| 200912 | 65.42 | -- | 11.58 | 14.98 | 0.34 | -- | 0.09 |
| 200906 | 66.21 | -- | 5.19 | 6.62 | 0.19 | -- | 0.05 |
| 200812 | 66.38 | -- | 4.69 | 6.28 | 0.31 | -- | 0.09 |
| 200806 | 69.48 | -- | 5.83 | 8.12 | 0.15 | -- | 0.05 |
| 200712 | 65.39 | -- | 12.46 | 15.22 | 0.60 | -- | 0.11 |
| 200706 | 64.83 | -- | 5.12 | 5.62 | 0.63 | -- | 0.07 |
| 200612 | 65.18 | -- | 11.59 | 14.31 | 0.79 | -- | 0.11 |
| 200606 | 64.46 | -- | 7.11 | 8.83 | 0.51 | -- | 0.06 |
| 200512 | 66.51 | -- | 16.66 | 21.24 | 0.94 | -- | 0.12 |
| 200506 | 66.19 | -- | 11.67 | 14.38 | 0.68 | -- | 0.06 |
| 200412 | 64.83 | -- | 18.28 | 23.07 | 1.39 | -- | 0.13 |
| 200406 | 65.59 | -- | 3.09 | 3.18 | 0.73 | -- | 0.07 |
| 200312 | 65.25 | -- | 5.86 | 5.89 | 1.45 | -- | 0.14 |
| 200306 | 63.59 | -- | 2.66 | 2.7 | 0.71 | -- | 0.07 |
| 200212 | 66.64 | -- | 4.51 | 4.73 | 1.31 | -- | 0.14 |
| 200206 | 65.75 | -- | 2.03 | 2.17 | 0.73 | -- | 0.06 |
| 200112 | 63.21 | -- | 4.03 | 4.61 | 1.50 | -- | 0.13 |
| 200106 | 61.28 | -- | 1.83 | 1.97 | 0.79 | -- | 0.06 |
| 200012 | 56.18 | -- | 3.96 | 4.3 | 1.62 | -- | 0.13 |
| 200006 | 56.20 | -- | -- | -- | -- | -- | -- |
| 199912 | 57.74 | -- | 4.58 | 6.45 | 1.44 | -- | 0.11 |
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 |
| 202406 | 26.39 | 73.61 | -- | -- |
| 202312 | 27.66 | 72.34 | -- | -- |
| 202306 | 30.56 | 69.44 | -- | -- |
| 202212 | 29.78 | 70.22 | -- | -- |
| 202206 | 33.25 | 66.75 | -- | -- |
| 202112 | 34.42 | 65.58 | -- | -- |
| 202106 | 38.99 | 61.01 | -- | -- |
| 202012 | 35.66 | 64.34 | -- | -- |
| 202006 | 39.22 | 60.78 | -- | -- |
| 201912 | 39.58 | 60.42 | -- | -- |
| 201906 | 38.20 | 61.80 | -- | -- |
| 201812 | 38.97 | 61.03 | -- | -- |
| 201806 | 37.14 | 62.86 | -- | -- |
| 201712 | 34.66 | 65.34 | -- | -- |
| 201706 | 24.03 | 75.97 | -- | -- |
| 201612 | 26.68 | 73.32 | -- | -- |
| 201606 | 28.12 | 71.88 | -- | -- |
| 201512 | 28.55 | 71.45 | -- | -- |
| 201506 | 28.95 | 71.05 | -- | -- |
| 201412 | 29.36 | 70.64 | -- | -- |
| 201406 | 30.00 | 70.00 | -- | -- |
| 201312 | 31.51 | 68.49 | -- | -- |
| 201306 | 30.54 | 69.46 | -- | -- |
| 201212 | 30.38 | 69.62 | -- | -- |
| 201206 | 30.43 | 69.57 | -- | -- |
| 201112 | 33.68 | 66.32 | -- | -- |
| 201106 | 31.18 | 68.82 | -- | -- |
| 201012 | 29.71 | 70.29 | -- | -- |
| 201006 | 35.42 | 64.58 | -- | -- |
| 200912 | 28.81 | 71.19 | -- | -- |
| 200906 | 35.45 | 64.55 | -- | -- |
| 200812 | 37.20 | 62.80 | -- | -- |
| 200806 | 35.64 | 64.36 | -- | -- |
| 200712 | 37.06 | 62.94 | -- | -- |
| 200706 | 34.70 | 65.30 | -- | -- |
| 200612 | 33.00 | 67.00 | -- | -- |
| 200606 | 33.54 | 66.46 | -- | -- |
| 200512 | 34.42 | 65.58 | -- | -- |
| 200506 | 32.60 | 67.40 | -- | -- |
| 200412 | 34.96 | 65.04 | -- | -- |
| 200406 | 30.24 | 69.76 | -- | -- |
| 200312 | 31.43 | 68.57 | -- | -- |
| 200306 | 34.58 | 65.42 | -- | -- |
| 200212 | 36.62 | 63.38 | -- | -- |
| 200206 | 34.36 | 65.64 | -- | -- |
| 200112 | 34.01 | 65.99 | -- | -- |
| 200106 | 32.74 | 67.26 | -- | -- |
| 200012 | 33.00 | 67.00 | -- | -- |
| 200006 | -- | -- | -- | -- |
| 199912 | 38.65 | 61.35 | -- | -- |
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) |
| 202406 | 2882000000.0000 | -- | 892000000.0000 | 33000000.0000 |
| 202312 | 9898000000.0000 | -- | 706000000.0000 | 905000000.0000 |
| 202306 | 3918000000.0000 | -- | 867000000.0000 | 333000000.0000 |
| 202212 | 9221000000.0000 | -- | 717000000.0000 | 646000000.0000 |
| 202206 | 3605000000.0000 | -- | 941000000.0000 | 229000000.0000 |
| 202112 | 11064000000.0000 | -- | 754000000.0000 | 266000000.0000 |
| 202106 | 6715000000.0000 | -- | 1004000000.0000 | 264000000.0000 |
| 202012 | 7379000000.0000 | -- | 1827000000.0000 | 780000000.0000 |
| 202006 | 1895000000.0000 | -- | 900000000.0000 | 594000000.0000 |
| 201912 | 6548000000.0000 | -- | 1851000000.0000 | 1112000000.0000 |
| 201906 | 3092000000.0000 | -- | 1002000000.0000 | 427000000.0000 |
| 201812 | 9691000000.0000 | -- | 1999000000.0000 | 512000000.0000 |
| 201806 | 3756000000.0000 | -- | 1034000000.0000 | 219000000.0000 |
| 201712 | 19403000000.0000 | -- | 2319000000.0000 | 1013000000.0000 |
| 201706 | 6745000000.0000 | -- | 1310000000.0000 | 589000000.0000 |
| 201612 | 25145000000.0000 | -- | 2932000000.0000 | 1361000000.0000 |
| 201606 | 9877000000.0000 | -- | 1417000000.0000 | 322000000.0000 |
| 201512 | 21282000000.0000 | -- | 3180000000.0000 | 1879000000.0000 |
| 201506 | 8235000000.0000 | -- | 1550000000.0000 | 773000000.0000 |
| 201412 | 19472000000.0000 | -- | 3018000000.0000 | 1930000000.0000 |
| 201406 | 7114000000.0000 | -- | 1500000000.0000 | 1076000000.0000 |
| 201312 | 14141000000.0000 | -- | 3137000000.0000 | 552000000.0000 |
| 201306 | 6783000000.0000 | -- | 1491000000.0000 | 73000000.0000 |
| 201212 | 12604000000.0000 | -- | 2912000000.0000 | 939000000.0000 |
| 201206 | 8164000000.0000 | -- | 1278000000.0000 | 605000000.0000 |
| 201112 | 9095000000.0000 | -- | 2621000000.0000 | 2567000000.0000 |
| 201106 | 3162000000.0000 | -- | 1199000000.0000 | 775000000.0000 |
| 201012 | 7072000000.0000 | -- | 2162000000.0000 | 996000000.0000 |
| 201006 | 2622000000.0000 | -- | 1099000000.0000 | 544000000.0000 |
| 200912 | 6069000000.0000 | -- | 2208000000.0000 | 338000000.0000 |
| 200906 | 2910000000.0000 | -- | 1144000000.0000 | -11000000.0000 |
| 200812 | 5359000000.0000 | -- | 2343000000.0000 | 1521000000.0000 |
| 200806 | 2441000000.0000 | -- | 1143000000.0000 | 604000000.0000 |
| 200712 | 5610000000.0000 | -- | 2045000000.0000 | 1142000000.0000 |
| 200706 | 3028000000.0000 | -- | 947000000.0000 | 480000000.0000 |
| 200612 | 4653000000.0000 | -- | 1954000000.0000 | 824000000.0000 |
| 200606 | 2292000000.0000 | -- | 864000000.0000 | 412000000.0000 |
| 200512 | 4201000000.0000 | -- | 1793000000.0000 | 562000000.0000 |
| 200506 | 2089000000.0000 | -- | 892000000.0000 | 180000000.0000 |
| 200412 | 4204000000.0000 | -- | 1930000000.0000 | 239000000.0000 |
| 200406 | 1975000000.0000 | -- | 990000000.0000 | 131000000.0000 |
| 200312 | 3910000000.0000 | -- | 1807000000.0000 | 480000000.0000 |
| 200306 | 1989000000.0000 | -- | 862000000.0000 | 305000000.0000 |
| 200212 | 3781000000.0000 | -- | 1692000000.0000 | 755000000.0000 |
| 200206 | 1910000000.0000 | -- | 901000000.0000 | 383000000.0000 |
| 200112 | 4314000000.0000 | -- | 1579000000.0000 | 1106000000.0000 |
| 200106 | 2247000000.0000 | -- | 811000000.0000 | 632000000.0000 |
| 200012 | 5269000000.0000 | -- | 1536000000.0000 | 1593000000.0000 |
| 200006 | 2527000000.0000 | -- | 800000000.0000 | 844000000.0000 |
| 199912 | 4446000000.0000 | -- | 1748000000.0000 | 1939000000.0000 |