中商官网
研究报告
联合地产(香港)（HK0056）
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 （%) |
| 201912 | 5061600000.0000 | 2.97 | 4461200000.0000 | 0.94 | 4261900000.0000 | 20.95 | 2880300000.0000 | 22.91 |
| 201906 | 2506200000.0000 | 5.79 | 2224400000.0000 | 3.29 | 2287500000.0000 | -14.53 | 1513000000.0000 | -19.74 |
| 201812 | 4915400000.0000 | 12.37 | 4419800000.0000 | 10.26 | 3523700000.0000 | -36.96 | 2343400000.0000 | -41.28 |
| 201806 | 2369100000.0000 | 15.01 | 2153500000.0000 | 14.79 | 2676400000.0000 | -12.16 | 1885200000.0000 | -20.11 |
| 201712 | 4374300000.0000 | 10.06 | 4008700000.0000 | 10.15 | 5589500000.0000 | 6.35 | 3991100000.0000 | -8.31 |
| 201706 | 2059900000.0000 | 5.52 | 1876100000.0000 | 5.58 | 3046800000.0000 | 208.35 | 2359600000.0000 | 213.53 |
| 201612 | 3974600000.0000 | -13.49 | 3639400000.0000 | -13.89 | 5255700000.0000 | 76.79 | 4352900000.0000 | 5.59 |
| 201606 | 1952200000.0000 | -17.56 | 1777000000.0000 | -19.10 | 988100000.0000 | -20.51 | 752600000.0000 | -70.56 |
| 201512 | 4594500000.0000 | 0.50 | 4226400000.0000 | -1.08 | 2972800000.0000 | -0.96 | 4122500000.0000 | 103.70 |
| 201506 | 2368100000.0000 | 8.66 | 2196600000.0000 | 7.74 | 1243000000.0000 | -5.86 | 2556800000.0000 | 228.30 |
| 201412 | 4571700000.0000 | -7.63 | 4272500000.0000 | -8.44 | 3001500000.0000 | 25.73 | 2023800000.0000 | 26.93 |
| 201406 | 2179300000.0000 | -7.49 | 2038800000.0000 | -8.41 | 1320400000.0000 | 25.88 | 778800000.0000 | 42.79 |
| 201312 | 4949400000.0000 | 21.35 | 4666400000.0000 | 20.49 | 2387300000.0000 | -14.81 | 1594400000.0000 | -6.78 |
| 201306 | 2355700000.0000 | 16.99 | 2225900000.0000 | 16.45 | 1048900000.0000 | -28.76 | 545400000.0000 | -38.81 |
| 201212 | 4078600000.0000 | 0.76 | 3873000000.0000 | 1.41 | 2802300000.0000 | -5.82 | 1710400000.0000 | -12.31 |
| 201206 | 2013600000.0000 | 2.70 | 1911400000.0000 | 3.46 | 1472300000.0000 | -21.26 | 891300000.0000 | -32.25 |
| 201112 | 4047900000.0000 | 15.87 | 3819100000.0000 | 16.72 | 2975500000.0000 | -10.44 | 1950500000.0000 | -35.05 |
| 201106 | 1960700000.0000 | 15.66 | 1847400000.0000 | 16.02 | 1869900000.0000 | 32.25 | 1315500000.0000 | 48.95 |
| 201012 | 3493600000.0000 | 0.65 | 3272100000.0000 | 0.77 | 3322300000.0000 | 20.64 | 3003100000.0000 | 63.19 |
| 201006 | 1695200000.0000 | -21.91 | 1592300000.0000 | -14.40 | 1413900000.0000 | 23.85 | 883200000.0000 | 17.62 |
| 200912 | 3471000000.0000 | -1.38 | 3247200000.0000 | 14.52 | 2753800000.0000 | 4097.87 | 1840300000.0000 | -1374.45 |
| 200906 | 2170900000.0000 | 14.70 | 1860100000.0000 | 17.86 | 1141600000.0000 | 105.29 | 750900000.0000 | 133.13 |
| 200812 | 3519700000.0000 | -27.17 | 2835600000.0000 | -31.16 | 65600000.0000 | -98.00 | -144400000.0000 | -106.41 |
| 200806 | 1892600000.0000 | -10.18 | 1578200000.0000 | -12.58 | 556100000.0000 | -53.65 | 322100000.0000 | -56.63 |
| 200712 | 4832686000.0000 | 123.07 | 4119146000.0000 | 116.83 | 3280804000.0000 | 152.46 | 2253707000.0000 | 115.08 |
| 200706 | 2107141000.0000 | 204.46 | 1805301000.0000 | 176.25 | 1199891000.0000 | 109.77 | 742735000.0000 | 49.05 |
| 200612 | 2166396000.0000 | 124.59 | 1899669000.0000 | 114.65 | 1299512000.0000 | 16.47 | 1047822000.0000 | 12.03 |
| 200606 | 692094000.0000 | 26.57 | 653499000.0000 | 46.63 | 571999000.0000 | -8.68 | 498299000.0000 | -6.48 |
| 200512 | 964603000.0000 | -14.50 | 884991000.0000 | -4.45 | 1115748000.0000 | 50.71 | 935342000.0000 | 66.13 |
| 200506 | 546795000.0000 | -4.73 | 445693000.0000 | -12.44 | 626369000.0000 | 91.25 | 532825000.0000 | 110.87 |
| 200412 | 1128169000.0000 | 30.76 | 926242000.0000 | 20.99 | 740336000.0000 | 69.93 | 563023000.0000 | 81.02 |
| 200406 | 573916000.0000 | 54.17 | 508999000.0000 | 60.45 | 327506000.0000 | 186.26 | 252675000.0000 | 264.86 |
| 200312 | 862783000.0000 | -4.52 | 765554000.0000 | 14.67 | 435675000.0000 | -264.45 | 311020000.0000 | -177.59 |
| 200306 | 372261000.0000 | -12.43 | 317227000.0000 | -6.25 | 114408000.0000 | -29.00 | 69252000.0000 | -18.63 |
| 200212 | 903629000.0000 | 36.84 | 667610000.0000 | 34.89 | -264927000.0000 | 438.86 | -400863000.0000 | 124.03 |
| 200206 | 425095000.0000 | 34.35 | 338372000.0000 | 55.93 | 161140000.0000 | -8.16 | 85110000.0000 | -6.27 |
| 200112 | 660361000.0000 | 148.85 | 494926000.0000 | 237.23 | -49164000.0000 | -87.07 | -178931000.0000 | -54.82 |
| 200106 | 316404000.0000 | 321.33 | 217008000.0000 | 303.06 | 175453000.0000 | 98.61 | 90807000.0000 | 30.74 |
| 200012 | 265364000.0000 | 15.11 | 146762000.0000 | 8.18 | -380203000.0000 | -328.22 | -396059000.0000 | -403.21 |
| 200006 | 75096000.0000 | -- | 53840000.0000 | -- | 88342000.0000 | -- | 69455000.0000 | -- |
| 199912 | 230522000.0000 | -- | 135661000.0000 | -- | 166596000.0000 | -- | 130621000.0000 | -- |
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) |
| 201912 | 88.14 | -- | 6.09 | 7.42 | 6004.00 | -- | 0.07 |
| 201906 | 88.76 | -- | 3.35 | 4.02 | 1409.00 | -- | 0.04 |
| 201812 | 89.92 | -- | 5.20 | 6.38 | 1652.00 | -- | 0.07 |
| 201806 | 90.90 | -- | 4.10 | 5.22 | 1078.00 | -- | 0.04 |
| 201712 | 91.64 | -- | 9.01 | 11.4 | 1828.00 | -- | 0.07 |
| 201706 | 91.08 | -- | 5.46 | 7.17 | 919.00 | -- | 0.04 |
| 201612 | 91.57 | -- | 9.67 | 14.05 | 7.55 | -- | 0.07 |
| 201606 | 91.03 | -- | 1.92 | 2.71 | 0.98 | -- | 0.04 |
| 201512 | 91.99 | -- | 5.85 | 14.89 | 2.05 | -- | 0.09 |
| 201506 | 92.76 | -- | 2.44 | 9.54 | 0.79 | -- | 0.05 |
| 201412 | 93.46 | -- | 6.01 | 8.33 | 1.00 | -- | 0.09 |
| 201406 | 93.55 | -- | 2.72 | 3.39 | 0.47 | -- | 0.04 |
| 201312 | 94.28 | -- | 5.34 | 7.07 | 0.83 | -- | 0.11 |
| 201306 | 94.49 | -- | 2.36 | 2.55 | 0.34 | -- | 0.05 |
| 201212 | 94.96 | -- | 6.68 | 8.19 | 0.56 | -- | 0.10 |
| 201206 | 94.92 | -- | 3.81 | 4.47 | 0.25 | -- | 0.05 |
| 201112 | 94.35 | -- | 7.78 | 9.86 | 0.52 | -- | 0.11 |
| 201106 | 94.22 | -- | 4.93 | 7.05 | 0.26 | -- | 0.05 |
| 201012 | 93.66 | -- | 9.70 | 17.3 | 0.54 | -- | 0.10 |
| 201006 | 93.93 | -- | 4.58 | 5.88 | 0.24 | -- | 0.05 |
| 200912 | 93.55 | -- | 9.76 | 14.56 | 0.60 | -- | 0.12 |
| 200906 | 85.68 | -- | 4.04 | 6.53 | 0.76 | -- | 0.08 |
| 200812 | 80.56 | -- | 0.26 | -1.4 | 1.67 | -- | 0.14 |
| 200806 | 83.39 | -- | 2.03 | 2.92 | 0.66 | -- | 0.07 |
| 200712 | 85.24 | -- | 11.83 | 20.22 | 1.48 | -- | 0.17 |
| 200706 | 85.68 | -- | 3.31 | 8.06 | 0.62 | -- | 0.06 |
| 200612 | 87.69 | -- | 5.81 | 12.35 | 0.51 | -- | 0.10 |
| 200606 | 94.42 | -- | 4.10 | 6.39 | 0.08 | -- | 0.05 |
| 200512 | 91.75 | -- | 9.36 | 13.23 | 0.15 | -- | 0.08 |
| 200506 | 81.51 | -- | 5.48 | 8.13 | 0.24 | -- | 0.05 |
| 200412 | 82.10 | -- | 7.41 | 10.47 | 0.50 | -- | 0.11 |
| 200406 | 88.69 | -- | 3.27 | 4.91 | 0.14 | -- | 0.06 |
| 200312 | 88.73 | -- | 4.25 | 6.36 | 0.22 | -- | 0.08 |
| 200306 | 85.22 | -- | 1.26 | 1.5 | 0.09 | -- | 0.04 |
| 200212 | 73.88 | -- | -2.92 | -8.91 | 0.32 | -- | 0.10 |
| 200206 | 79.60 | -- | 1.52 | 1.66 | 0.09 | -- | 0.04 |
| 200112 | 74.95 | -- | -0.47 | -3.58 | 0.17 | -- | 0.06 |
| 200106 | 68.59 | -- | 1.58 | 1.67 | 0.10 | -- | 0.03 |
| 200012 | 55.31 | -- | -5.24 | -7.95 | 0.13 | -- | 0.04 |
| 200006 | 71.69 | -- | -- | -- | -- | -- | -- |
| 199912 | 58.85 | -- | 2.18 | 2.35 | 1.84 | -- | 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 |
| 201912 | 29.00 | 71.00 | -- | -- |
| 201906 | 29.46 | 70.54 | -- | -- |
| 201812 | 29.36 | 70.64 | -- | -- |
| 201806 | 25.25 | 74.75 | -- | -- |
| 201712 | 23.80 | 76.20 | -- | -- |
| 201706 | 20.20 | 79.80 | -- | -- |
| 201612 | 21.85 | 78.15 | -- | -- |
| 201606 | 23.97 | 76.03 | -- | -- |
| 201512 | 22.65 | 77.35 | -- | -- |
| 201506 | 23.83 | 76.17 | -- | -- |
| 201412 | 30.39 | 69.61 | -- | -- |
| 201406 | 33.40 | 66.60 | -- | -- |
| 201312 | 28.81 | 71.19 | -- | -- |
| 201306 | 30.75 | 69.25 | -- | -- |
| 201212 | 27.93 | 72.07 | -- | -- |
| 201206 | 24.95 | 75.05 | -- | -- |
| 201112 | 26.26 | 73.74 | -- | -- |
| 201106 | 29.96 | 70.04 | -- | -- |
| 201012 | 27.03 | 72.97 | -- | -- |
| 201006 | 33.70 | 66.30 | -- | -- |
| 200912 | 31.39 | 68.61 | -- | -- |
| 200906 | 36.51 | 63.49 | -- | -- |
| 200812 | 36.34 | 63.66 | -- | -- |
| 200806 | 34.57 | 65.43 | -- | -- |
| 200712 | 34.82 | 65.18 | -- | -- |
| 200706 | 60.65 | 39.35 | -- | -- |
| 200612 | 40.39 | 59.61 | -- | -- |
| 200606 | 26.50 | 73.50 | -- | -- |
| 200512 | 28.28 | 71.72 | -- | -- |
| 200506 | 30.53 | 69.47 | -- | -- |
| 200412 | 33.52 | 66.48 | -- | -- |
| 200406 | 36.86 | 63.14 | -- | -- |
| 200312 | 41.08 | 58.92 | -- | -- |
| 200306 | 36.51 | 63.49 | -- | -- |
| 200212 | 31.41 | 68.59 | -- | -- |
| 200206 | 31.56 | 68.44 | -- | -- |
| 200112 | 31.94 | 68.06 | -- | -- |
| 200106 | 31.90 | 68.10 | -- | -- |
| 200012 | 31.13 | 68.87 | -- | -- |
| 200006 | -- | -- | -- | -- |
| 199912 | 26.90 | 73.10 | -- | -- |
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) |
| 201912 | 600400000.0000 | -- | 1304400000.0000 | 416300000.0000 |
| 201906 | 281800000.0000 | -- | 695400000.0000 | 220600000.0000 |
| 201812 | 495600000.0000 | -- | 1321600000.0000 | 466700000.0000 |
| 201806 | 215600000.0000 | -- | 751400000.0000 | 252600000.0000 |
| 201712 | 365600000.0000 | -- | 1348500000.0000 | 491700000.0000 |
| 201706 | 183800000.0000 | -- | 681800000.0000 | 209600000.0000 |
| 201612 | 335200000.0000 | -- | 1249300000.0000 | 289200000.0000 |
| 201606 | 175200000.0000 | -- | 640600000.0000 | 132800000.0000 |
| 201512 | 368100000.0000 | -- | 1411500000.0000 | 253000000.0000 |
| 201506 | 171500000.0000 | -- | 737500000.0000 | 133000000.0000 |
| 201412 | 299200000.0000 | -- | 1290800000.0000 | 251800000.0000 |
| 201406 | 140500000.0000 | -- | 616000000.0000 | 104700000.0000 |
| 201312 | 283000000.0000 | -- | 1780800000.0000 | 359100000.0000 |
| 201306 | 129800000.0000 | -- | 853100000.0000 | 184600000.0000 |
| 201212 | 205600000.0000 | -- | 1522600000.0000 | 126800000.0000 |
| 201206 | 102200000.0000 | -- | 688800000.0000 | 31000000.0000 |
| 201112 | 228800000.0000 | -- | 1468400000.0000 | 122900000.0000 |
| 201106 | 113300000.0000 | -- | 607900000.0000 | 31200000.0000 |
| 201012 | 221500000.0000 | -- | 1235800000.0000 | 71800000.0000 |
| 201006 | 102900000.0000 | -- | 627600000.0000 | 36200000.0000 |
| 200912 | 223800000.0000 | -- | 1210800000.0000 | 86100000.0000 |
| 200906 | 310800000.0000 | -- | 822800000.0000 | 49800000.0000 |
| 200812 | 684100000.0000 | -- | 1533300000.0000 | 203200000.0000 |
| 200806 | 314400000.0000 | -- | 766500000.0000 | 104500000.0000 |
| 200712 | 713540000.0000 | -- | 1764026000.0000 | 542346000.0000 |
| 200706 | 301840000.0000 | -- | 776265000.0000 | 240845000.0000 |
| 200612 | 266727000.0000 | -- | 873603000.0000 | 278612000.0000 |
| 200606 | 38595000.0000 | -- | 337682000.0000 | 98609000.0000 |
| 200512 | 79612000.0000 | -- | 492837000.0000 | 96778000.0000 |
| 200506 | 101102000.0000 | -- | 233400000.0000 | 38033000.0000 |
| 200412 | 201927000.0000 | -- | 509729000.0000 | 47208000.0000 |
| 200406 | 64917000.0000 | -- | 277984000.0000 | 27539000.0000 |
| 200312 | 97229000.0000 | -- | 425657000.0000 | 60016000.0000 |
| 200306 | 55034000.0000 | -- | 182553000.0000 | 29064000.0000 |
| 200212 | 236019000.0000 | -- | 363020000.0000 | 72183000.0000 |
| 200206 | 86723000.0000 | -- | 180273000.0000 | 40463000.0000 |
| 200112 | 165435000.0000 | -- | 249190000.0000 | 111391000.0000 |
| 200106 | 99396000.0000 | -- | 78303000.0000 | 65606000.0000 |
| 200012 | 118602000.0000 | -- | 48581000.0000 | 99954000.0000 |
| 200006 | 21256000.0000 | -- | 22303000.0000 | 43307000.0000 |
| 199912 | 94861000.0000 | -- | 48917000.0000 | 67734000.0000 |