中商官网
研究报告
兴发铝业（HK0098）
主要经济指标
| 类别\年份 | 营业额 （元) |
营业利润 （元) |
利润总额 （元) |
净利润 （元) |
资产合计 （元) |
负债合计 （元) |
权益合计 （元) |
| 2005 | 1309103000.0000 | 90640000.0000 | 36877000.0000 | 24774000.0000 | 990941000.0000 | 738990000.0000 | 251951000.0000 |
| 2006 | 1861244000.0000 | 136501000.0000 | 66164000.0000 | 59377000.0000 | 1291472000.0000 | 939232000.0000 | 352240000.0000 |
| 2007 | 2148674000.0000 | 199176000.0000 | 290923000.0000 | 291750000.0000 | 1061906000.0000 | 626578000.0000 | 435328000.0000 |
| 2008 | 2136368000.0000 | 175258000.0000 | 38017000.0000 | 29313000.0000 | 1420367000.0000 | 756605000.0000 | 663762000.0000 |
| 2009 | 1871480000.0000 | 187392000.0000 | 81696000.0000 | 70208000.0000 | 2040045000.0000 | 1323831000.0000 | 716214000.0000 |
| 2010 | 2305749000.0000 | 234049000.0000 | 82927000.0000 | 72883000.0000 | 2738628000.0000 | 1961215000.0000 | 777413000.0000 |
| 2011 | 3067450000.0000 | 253952000.0000 | 18388000.0000 | 14812000.0000 | 3912061000.0000 | 3136654000.0000 | 775407000.0000 |
| 2012 | 3546566000.0000 | 397044000.0000 | 109696000.0000 | 86560000.0000 | 3828141000.0000 | 2965770000.0000 | 862371000.0000 |
| 2013 | 3907457000.0000 | 510016000.0000 | 168892000.0000 | 130600000.0000 | 4244928000.0000 | 3269184000.0000 | 975744000.0000 |
| 2014 | 4843915000.0000 | 757627000.0000 | 269259000.0000 | 224606000.0000 | 5037744000.0000 | 3853783000.0000 | 1183961000.0000 |
| 2015 | 4977829000.0000 | 829761000.0000 | 320660000.0000 | 265767000.0000 | 4920317000.0000 | 3500471000.0000 | 1419846000.0000 |
| 2016 | 5576696000.0000 | 825049000.0000 | 351291000.0000 | 298476000.0000 | 5342455000.0000 | 3654535000.0000 | 1687920000.0000 |
| 2017 | 7239658000.0000 | 1014589000.0000 | 444445000.0000 | 382630000.0000 | 6444461000.0000 | 4375426000.0000 | 2069035000.0000 |
| 2018 | 9924517000.0000 | 1350772000.0000 | 607916000.0000 | 495230000.0000 | 7108483000.0000 | 4604625000.0000 | 2503858000.0000 |
| 2019 | 11280848000.0000 | 1489812000.0000 | 723470000.0000 | 606109000.0000 | 7761390000.0000 | 4722510000.0000 | 3038880000.0000 |
| 2020 | 11886862000.0000 | 1629419000.0000 | 873412000.0000 | 765385000.0000 | 8436061000.0000 | 4738128000.0000 | 3697933000.0000 |
| 2021 | 15432900000.0000 | 1811844000.0000 | 1055201000.0000 | 887800000.0000 | 11342188000.0000 | 6862788000.0000 | 4479400000.0000 |
| 2022 | 16933064000.0000 | 1774703000.0000 | 511884000.0000 | 457774000.0000 | 12095971000.0000 | 7440507000.0000 | 4655464000.0000 |
| 2023 | 17352551000.0000 | 1990202000.0000 | 916323000.0000 | 804171000.0000 | 12866226000.0000 | 7540395000.0000 | 5325831000.0000 |
| 2024 | 18854641000.0000 | 1763698000.0000 | 965354000.0000 | 826033000.0000 | 14542440000.0000 | 8634980000.0000 | 5907460000.0000 |
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) |
| 2005 | 6.92 | 2.8200 | 3.72 | 11.0700 | 12.37 | -- | 1.32 |
| 2006 | 7.33 | 3.5500 | 5.12 | 18.3800 | 9.96 | -- | 1.44 |
| 2007 | 9.27 | 13.5400 | 27.40 | 67.0200 | 8.14 | -- | 2.02 |
| 2008 | 8.20 | 1.7800 | 2.68 | 4.4200 | 9.99 | -- | 1.50 |
| 2009 | 10.01 | 4.3700 | 4.00 | 9.8000 | 6.90 | -- | 0.92 |
| 2010 | 10.15 | 3.6000 | 3.03 | 9.3800 | 5.26 | -- | 0.84 |
| 2011 | 8.28 | 0.6000 | 0.47 | 1.9100 | 7.23 | -- | 0.78 |
| 2012 | 11.20 | 3.0900 | 2.87 | 10.0400 | 8.49 | -- | 0.93 |
| 2013 | 13.05 | 4.3200 | 3.98 | 13.3800 | 7.62 | -- | 0.92 |
| 2014 | 15.64 | 5.5900 | 5.34 | 18.9700 | 6.47 | -- | 0.96 |
| 2015 | 16.67 | 6.4500 | 6.52 | 18.7200 | 6.12 | -- | 1.01 |
| 2016 | 14.79 | 6.1600 | 6.58 | 17.6800 | 4.93 | -- | 1.04 |
| 2017 | 14.01 | 6.0300 | 6.90 | 18.4900 | 4.93 | -- | 1.12 |
| 2018 | 13.61 | 6.0700 | 8.55 | 19.7800 | 7.49 | -- | 1.40 |
| 2019 | 13.21 | 6.3900 | 9.32 | 19.9500 | 8.63 | -- | 1.45 |
| 2020 | 13.71 | 7.2800 | 10.35 | 20.7000 | 8.19 | -- | 1.41 |
| 2021 | 11.74 | 6.7900 | 9.30 | 19.8200 | 9.19 | -- | 1.36 |
| 2022 | 10.48 | 3.0500 | 4.23 | 9.8400 | 10.43 | -- | 1.40 |
| 2023 | 11.47 | 5.2900 | 7.12 | 15.1200 | 11.28 | -- | 1.35 |
| 2024 | 9.35 | 5.1200 | 6.64 | 14.0100 | 10.33 | -- | 1.30 |
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 |
| 2005 | 74.57 | 25.43 | 0.95 | 0.82 |
| 2006 | 72.73 | 27.27 | 1.08 | 0.90 |
| 2007 | 59.01 | 40.99 | 1.69 | 1.25 |
| 2008 | 53.27 | 46.73 | 1.21 | 0.95 |
| 2009 | 64.89 | 35.11 | 1.12 | 0.89 |
| 2010 | 71.61 | 28.39 | 0.95 | 0.65 |
| 2011 | 80.18 | 19.82 | 0.88 | 0.72 |
| 2012 | 77.47 | 22.53 | 0.80 | 0.64 |
| 2013 | 77.01 | 22.99 | 0.75 | 0.59 |
| 2014 | 76.50 | 23.50 | 0.80 | 0.62 |
| 2015 | 71.14 | 28.86 | 0.85 | 0.63 |
| 2016 | 68.41 | 31.59 | 1.01 | 0.70 |
| 2017 | 67.89 | 32.11 | 1.09 | 0.76 |
| 2018 | 64.78 | 35.22 | 1.13 | 0.86 |
| 2019 | 60.85 | 39.15 | 1.19 | 0.93 |
| 2020 | 56.17 | 43.83 | 1.30 | 1.01 |
| 2021 | 60.51 | 39.49 | 1.48 | 1.21 |
| 2022 | 61.51 | 38.49 | 1.56 | 1.29 |
| 2023 | 58.61 | 41.39 | 1.80 | 1.52 |
| 2024 | 59.38 | 40.62 | 1.60 | 1.34 |
成本费用分析
| 类别\年份 | 销售成本 （元) |
销售费用 （元) |
管理费用 （元) |
财务费用 （元) |
| 2005 | 1218463000.0000 | -- | 22084000.0000 | 20080000.0000 |
| 2006 | 1724743000.0000 | -- | 32289000.0000 | 22535000.0000 |
| 2007 | 1949498000.0000 | -- | 29849000.0000 | 28043000.0000 |
| 2008 | 1961110000.0000 | -- | 61914000.0000 | 33282000.0000 |
| 2009 | 1684088000.0000 | -- | 58749000.0000 | 30965000.0000 |
| 2010 | 2071700000.0000 | -- | 83378000.0000 | 36825000.0000 |
| 2011 | 2813498000.0000 | -- | 119491000.0000 | 78371000.0000 |
| 2012 | 3149522000.0000 | -- | 148995000.0000 | 124100000.0000 |
| 2013 | 3397441000.0000 | -- | 181625000.0000 | 131185000.0000 |
| 2014 | 4086288000.0000 | -- | 258676000.0000 | 157586000.0000 |
| 2015 | 4148068000.0000 | -- | 293970000.0000 | 149138000.0000 |
| 2016 | 4751647000.0000 | -- | 279706000.0000 | 117950000.0000 |
| 2017 | 6225069000.0000 | -- | 322619000.0000 | 130329000.0000 |
| 2018 | 8573745000.0000 | -- | 360422000.0000 | 164221000.0000 |
| 2019 | 9791036000.0000 | -- | 383138000.0000 | 151480000.0000 |
| 2020 | 10257443000.0000 | -- | 396106000.0000 | 101592000.0000 |
| 2021 | 13621056000.0000 | -- | 401076000.0000 | 101063000.0000 |
| 2022 | 15158361000.0000 | -- | 410523000.0000 | 138874000.0000 |
| 2023 | 15362349000.0000 | -- | 439264000.0000 | 138056000.0000 |
| 2024 | 17090943000.0000 | -- | 447887000.0000 | 104558000.0000 |