中商官网
研究报告
恒隆集团（HK0010）
主要经济指标
| 类别\年份 | 营业额 （港元) |
营业利润 （港元) |
利润总额 （港元) |
净利润 （港元) |
资产合计 （港元) |
负债合计 （港元) |
权益合计 （港元) |
| 1999 | 1454600000.0000 | 1097300000.0000 | 860000000.0000 | 458200000.0000 | -- | -- | -- |
| 2000 | 4194100000.0000 | 1177100000.0000 | 1013500000.0000 | 493400000.0000 | 49517700000.0000 | 15061100000.0000 | 34456600000.0000 |
| 2001 | 1615000000.0000 | 848500000.0000 | 692300000.0000 | 300400000.0000 | 50712400000.0000 | 16879100000.0000 | 33833300000.0000 |
| 2002 | 1851000000.0000 | 821100000.0000 | 633700000.0000 | 273600000.0000 | 48744500000.0000 | 18144700000.0000 | 30599800000.0000 |
| 2003 | 1713100000.0000 | 810900000.0000 | 670100000.0000 | 292000000.0000 | 46265400000.0000 | 17950500000.0000 | 28314900000.0000 |
| 2004 | 5351000000.0000 | 2266200000.0000 | 2556600000.0000 | 1395900000.0000 | 57625400000.0000 | 17597200000.0000 | 40028200000.0000 |
| 2005 | 2511000000.0000 | 1376900000.0000 | 2415500000.0000 | 1091100000.0000 | 63356900000.0000 | 19587400000.0000 | 43769500000.0000 |
| 2006 | 2146600000.0000 | 1374400000.0000 | 4460500000.0000 | 2295400000.0000 | 71453100000.0000 | 17273800000.0000 | 54179300000.0000 |
| 2007 | 7992000000.0000 | 4853100000.0000 | 9819100000.0000 | 4047000000.0000 | 84131200000.0000 | 19263200000.0000 | 64868000000.0000 |
| 2008 | 2317000000.0000 | 1867000000.0000 | 2809000000.0000 | 906000000.0000 | 94201600000.0000 | 22262400000.0000 | 71939200000.0000 |
| 2009 | 9994000000.0000 | 7353000000.0000 | 23595000000.0000 | 10036000000.0000 | 120576000000.0000 | 28925000000.0000 | 91651000000.0000 |
| 2010 | 2789000000.0000 | 2261000000.0000 | 4382000000.0000 | 1901000000.0000 | 146342000000.0000 | 29543000000.0000 | 116799000000.0000 |
| 2011 | 6286000000.0000 | 4968000000.0000 | 7228000000.0000 | 3206000000.0000 | 163088000000.0000 | 41920000000.0000 | 121168000000.0000 |
| 2012 | 7986000000.0000 | 6160000000.0000 | 11309000000.0000 | 5262000000.0000 | 182903000000.0000 | 53288000000.0000 | 129615000000.0000 |
| 2013 | 9734000000.0000 | 7252000000.0000 | 10128000000.0000 | 4557000000.0000 | 198965000000.0000 | 62557000000.0000 | 136408000000.0000 |
| 2014 | 17606000000.0000 | 13406000000.0000 | 15104000000.0000 | 6825000000.0000 | 205373000000.0000 | 60677000000.0000 | 144696000000.0000 |
| 2015 | 9528000000.0000 | 6955000000.0000 | 7207000000.0000 | 3211000000.0000 | 195706000000.0000 | 55404000000.0000 | 140302000000.0000 |
| 2016 | 13648000000.0000 | 9338000000.0000 | 8377000000.0000 | 3713000000.0000 | 186369000000.0000 | 48356000000.0000 | 138013000000.0000 |
| 2017 | 11774000000.0000 | 8312000000.0000 | 10785000000.0000 | 5314000000.0000 | 195788000000.0000 | 46232000000.0000 | 149556000000.0000 |
| 2018 | 10015000000.0000 | 7249000000.0000 | 10660000000.0000 | 5285000000.0000 | 198597000000.0000 | 47861000000.0000 | 150736000000.0000 |
| 2019 | 9435000000.0000 | 6898000000.0000 | 17978000000.0000 | 6816000000.0000 | 213239000000.0000 | 54912000000.0000 | 158327000000.0000 |
| 2020 | 9526000000.0000 | 6880000000.0000 | -924000000.0000 | -1541000000.0000 | 224739000000.0000 | 65400000000.0000 | 159339000000.0000 |
| 2021 | 10919000000.0000 | 7807000000.0000 | 7266000000.0000 | 2589000000.0000 | 238021000000.0000 | 73534000000.0000 | 164487000000.0000 |
| 2022 | 10941000000.0000 | 7683000000.0000 | 6352000000.0000 | 2718000000.0000 | 226534000000.0000 | 71321000000.0000 | 155213000000.0000 |
| 2023 | 10881000000.0000 | 7794000000.0000 | 6574000000.0000 | 2811000000.0000 | 231452000000.0000 | 76536000000.0000 | 154916000000.0000 |
| 2024 | 11760000000.0000 | 6826000000.0000 | 4252000000.0000 | 1613000000.0000 | 234968000000.0000 | 82280000000.0000 | 152688000000.0000 |
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) |
| 1999 | 75.44 | 57.0500 | -- | -- | -- | -- | -- |
| 2000 | 28.07 | 23.3900 | 2.05 | 2.5300 | 0.34 | -- | 0.08 |
| 2001 | 52.54 | 41.9900 | 1.37 | 1.5800 | 0.08 | -- | 0.03 |
| 2002 | 44.36 | 34.0600 | 1.30 | 1.5300 | 0.10 | -- | 0.04 |
| 2003 | 47.34 | 38.4600 | 1.45 | 1.7500 | 0.07 | -- | 0.04 |
| 2004 | 42.35 | 47.4500 | 4.44 | 6.9700 | 0.30 | -- | 0.09 |
| 2005 | 54.83 | 94.3100 | 3.81 | 4.6500 | 0.11 | -- | 0.04 |
| 2006 | 64.03 | 205.5400 | 6.24 | 8.5700 | 0.08 | -- | 0.03 |
| 2007 | 60.72 | 121.9200 | 11.67 | 12.4300 | 0.45 | -- | 0.09 |
| 2008 | 80.58 | 120.7600 | 2.98 | 2.4500 | 0.07 | -- | 0.02 |
| 2009 | 73.57 | 234.6800 | 19.57 | 21.1100 | 0.45 | -- | 0.08 |
| 2010 | 81.07 | 153.9600 | 2.99 | 3.3400 | 0.09 | -- | 0.02 |
| 2011 | 79.03 | 107.9400 | 4.43 | 5.3000 | 0.21 | -- | 0.04 |
| 2012 | 77.13 | 138.1500 | 6.18 | 8.0700 | 0.30 | -- | 0.04 |
| 2013 | 74.50 | 99.6200 | 5.09 | 6.4600 | 0.43 | -- | 0.05 |
| 2014 | 76.14 | 83.7700 | 7.35 | 8.9800 | 1.03 | -- | 0.09 |
| 2015 | 73.00 | 72.9500 | 3.68 | 4.2500 | 0.67 | -- | 0.05 |
| 2016 | 68.42 | 60.4300 | 4.49 | 4.9100 | 1.82 | -- | 0.07 |
| 2017 | 70.60 | 89.7200 | 5.51 | 6.3900 | 2.12 | -- | 0.06 |
| 2018 | 72.38 | 102.1000 | 5.37 | 6.1100 | 1.08 | -- | 0.05 |
| 2019 | 73.11 | 188.6100 | 8.43 | 7.4700 | 0.45 | -- | 0.04 |
| 2020 | 72.22 | -6.6400 | -0.41 | -1.6700 | 0.33 | -- | 0.04 |
| 2021 | 71.50 | 66.6700 | 3.05 | 2.7000 | 0.29 | -- | 0.05 |
| 2022 | 70.22 | 56.6600 | 2.80 | 2.9300 | 0.28 | -- | 0.05 |
| 2023 | 71.63 | 59.2500 | 2.84 | 2.9800 | 0.22 | -- | 0.05 |
| 2024 | 58.04 | 34.8200 | 1.81 | 1.6800 | 0.37 | -- | 0.05 |
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 |
| 1999 | -- | -- | -- | -- |
| 2000 | 30.42 | 69.58 | 2.09 | 0.65 |
| 2001 | 33.28 | 66.72 | 2.85 | 1.01 |
| 2002 | 37.22 | 62.78 | 3.01 | 0.82 |
| 2003 | 38.80 | 61.20 | 4.96 | 0.66 |
| 2004 | 30.54 | 69.46 | 6.32 | 3.28 |
| 2005 | 30.92 | 69.08 | 8.49 | 3.83 |
| 2006 | 24.18 | 75.82 | 7.62 | 3.44 |
| 2007 | 22.90 | 77.10 | 6.64 | 4.26 |
| 2008 | 23.63 | 76.37 | 2.77 | 1.69 |
| 2009 | 23.99 | 76.01 | 5.41 | 3.93 |
| 2010 | 20.19 | 79.81 | 2.22 | 1.80 |
| 2011 | 25.70 | 74.30 | 3.36 | 2.74 |
| 2012 | 29.13 | 70.87 | 7.13 | 6.22 |
| 2013 | 31.44 | 68.56 | 5.62 | 4.95 |
| 2014 | 29.54 | 70.46 | 2.60 | 2.38 |
| 2015 | 28.31 | 71.69 | 2.51 | 2.24 |
| 2016 | 25.95 | 74.05 | 3.71 | 3.43 |
| 2017 | 23.61 | 76.39 | 2.12 | 1.97 |
| 2018 | 24.10 | 75.90 | 1.47 | 1.23 |
| 2019 | 25.75 | 74.25 | 0.90 | 0.46 |
| 2020 | 29.10 | 70.90 | 0.95 | 0.54 |
| 2021 | 30.89 | 69.11 | 1.21 | 0.65 |
| 2022 | 31.48 | 68.52 | 1.41 | 0.63 |
| 2023 | 33.07 | 66.93 | 1.59 | 0.65 |
| 2024 | 35.02 | 64.98 | 1.46 | 0.74 |
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) |
| 1999 | 357300000.0000 | -- | 65400000.0000 | 202000000.0000 |
| 2000 | 3017000000.0000 | -- | 68500000.0000 | 298400000.0000 |
| 2001 | 766500000.0000 | -- | 71100000.0000 | 181000000.0000 |
| 2002 | 1029900000.0000 | -- | 66100000.0000 | 179100000.0000 |
| 2003 | 902200000.0000 | -- | 57600000.0000 | 160800000.0000 |
| 2004 | 3084800000.0000 | -- | 111500000.0000 | 123900000.0000 |
| 2005 | 1134100000.0000 | -- | 124200000.0000 | 240900000.0000 |
| 2006 | 772200000.0000 | -- | 167300000.0000 | 264400000.0000 |
| 2007 | 3138900000.0000 | -- | 174500000.0000 | 209700000.0000 |
| 2008 | 450000000.0000 | -- | 207000000.0000 | 116000000.0000 |
| 2009 | 2641000000.0000 | -- | 307000000.0000 | 53000000.0000 |
| 2010 | 528000000.0000 | -- | 351000000.0000 | 66000000.0000 |
| 2011 | 1318000000.0000 | -- | 439000000.0000 | 222000000.0000 |
| 2012 | 1826000000.0000 | -- | 695000000.0000 | -264000000.0000 |
| 2013 | 2482000000.0000 | -- | 698000000.0000 | -429000000.0000 |
| 2014 | 4200000000.0000 | -- | 705000000.0000 | -263000000.0000 |
| 2015 | 2573000000.0000 | -- | 728000000.0000 | 5000000.0000 |
| 2016 | 4310000000.0000 | -- | 671000000.0000 | 393000000.0000 |
| 2017 | 3462000000.0000 | -- | 656000000.0000 | 727000000.0000 |
| 2018 | 2766000000.0000 | -- | 707000000.0000 | 715000000.0000 |
| 2019 | 2537000000.0000 | -- | 623000000.0000 | -16000000.0000 |
| 2020 | 2646000000.0000 | -- | 559000000.0000 | 152000000.0000 |
| 2021 | 3112000000.0000 | -- | 618000000.0000 | 427000000.0000 |
| 2022 | 3258000000.0000 | -- | 673000000.0000 | 464000000.0000 |
| 2023 | 3087000000.0000 | -- | 680000000.0000 | 618000000.0000 |
| 2024 | 4934000000.0000 | -- | 672000000.0000 | 887000000.0000 |