中商官网
研究报告
恒隆地产（HK0101）
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 | 1144200000.0000 | 955200000.0000 | 742400000.0000 | 626400000.0000 | -- | -- | -- |
| 2000 | 1604600000.0000 | 988500000.0000 | 954400000.0000 | 830400000.0000 | 39160600000.0000 | 10980500000.0000 | 28180100000.0000 |
| 2001 | 1242600000.0000 | 800800000.0000 | 729600000.0000 | 633900000.0000 | 41067800000.0000 | 13095400000.0000 | 27972400000.0000 |
| 2002 | 1074000000.0000 | 742100000.0000 | 646100000.0000 | 522800000.0000 | 41610500000.0000 | 15291500000.0000 | 26319000000.0000 |
| 2003 | 1118000000.0000 | 790000000.0000 | 703800000.0000 | 526900000.0000 | 42019700000.0000 | 16095000000.0000 | 25924700000.0000 |
| 2004 | 5088000000.0000 | 2186000000.0000 | 2049000000.0000 | 1603300000.0000 | 53047300000.0000 | 15287100000.0000 | 37760200000.0000 |
| 2005 | 2255400000.0000 | 1258700000.0000 | 2083900000.0000 | 1615600000.0000 | 57441700000.0000 | 15962500000.0000 | 41479200000.0000 |
| 2006 | 1961000000.0000 | 1243800000.0000 | 3291700000.0000 | 2286400000.0000 | 64780200000.0000 | 12940900000.0000 | 51839300000.0000 |
| 2007 | 7792000000.0000 | 4765000000.0000 | 9289900000.0000 | 7272000000.0000 | 76343700000.0000 | 14710200000.0000 | 61633500000.0000 |
| 2008 | 2052000000.0000 | 1680000000.0000 | 2497000000.0000 | 1222000000.0000 | 84580700000.0000 | 16029600000.0000 | 68551100000.0000 |
| 2009 | 9733000000.0000 | 7172000000.0000 | 23155000000.0000 | 18150000000.0000 | 110696000000.0000 | 23213000000.0000 | 87483000000.0000 |
| 2010 | 2521000000.0000 | 2074000000.0000 | 4150000000.0000 | 3418000000.0000 | 135925000000.0000 | 24253000000.0000 | 111672000000.0000 |
| 2011 | 5712000000.0000 | 4573000000.0000 | 6391000000.0000 | 4890000000.0000 | 150663000000.0000 | 33645000000.0000 | 117018000000.0000 |
| 2012 | 7372000000.0000 | 5742000000.0000 | 10169000000.0000 | 8395000000.0000 | 167864000000.0000 | 43886000000.0000 | 123978000000.0000 |
| 2013 | 9138000000.0000 | 6837000000.0000 | 9204000000.0000 | 7212000000.0000 | 182280000000.0000 | 51113000000.0000 | 131167000000.0000 |
| 2014 | 17030000000.0000 | 13008000000.0000 | 14395000000.0000 | 11704000000.0000 | 193179000000.0000 | 54176000000.0000 | 139003000000.0000 |
| 2015 | 8948000000.0000 | 6548000000.0000 | 6662000000.0000 | 5092000000.0000 | 184018000000.0000 | 49126000000.0000 | 134892000000.0000 |
| 2016 | 13059000000.0000 | 8919000000.0000 | 7979000000.0000 | 6195000000.0000 | 174907000000.0000 | 42762000000.0000 | 132145000000.0000 |
| 2017 | 11199000000.0000 | 7910000000.0000 | 9902000000.0000 | 8124000000.0000 | 183586000000.0000 | 41341000000.0000 | 142245000000.0000 |
| 2018 | 9408000000.0000 | 6822000000.0000 | 9921000000.0000 | 8078000000.0000 | 186453000000.0000 | 42859000000.0000 | 143594000000.0000 |
| 2019 | 8852000000.0000 | 6487000000.0000 | 14809000000.0000 | 6172000000.0000 | 199980000000.0000 | 52168000000.0000 | 147812000000.0000 |
| 2020 | 8973000000.0000 | 6481000000.0000 | -863000000.0000 | -2571000000.0000 | 211316000000.0000 | 63128000000.0000 | 148188000000.0000 |
| 2021 | 10321000000.0000 | 7371000000.0000 | 6888000000.0000 | 3868000000.0000 | 224235000000.0000 | 71851000000.0000 | 152384000000.0000 |
| 2022 | 10347000000.0000 | 7253000000.0000 | 5850000000.0000 | 3836000000.0000 | 212688000000.0000 | 69542000000.0000 | 143146000000.0000 |
| 2023 | 10316000000.0000 | 7389000000.0000 | 6168000000.0000 | 3970000000.0000 | 217302000000.0000 | 75179000000.0000 | 142123000000.0000 |
| 2024 | 11242000000.0000 | 6455000000.0000 | 4045000000.0000 | 2153000000.0000 | 221648000000.0000 | 80598000000.0000 | 141050000000.0000 |
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 | 83.48 | 63.6900 | -- | -- | -- | -- | -- |
| 2000 | 61.60 | 58.1500 | 2.44 | 3.0000 | 0.09 | -- | 0.04 |
| 2001 | 64.45 | 56.3700 | 1.78 | 2.3000 | 0.06 | -- | 0.03 |
| 2002 | 69.10 | 56.7600 | 1.55 | 2.0300 | 0.03 | -- | 0.03 |
| 2003 | 70.66 | 61.8700 | 1.67 | 2.1700 | 0.03 | -- | 0.03 |
| 2004 | 42.96 | 40.0400 | 3.86 | 4.3500 | 0.28 | -- | 0.10 |
| 2005 | 55.81 | 90.4600 | 3.63 | 3.9800 | 0.10 | -- | 0.04 |
| 2006 | 63.43 | 166.0300 | 5.08 | 4.5100 | 0.07 | -- | 0.03 |
| 2007 | 61.15 | 118.5200 | 12.17 | 12.1500 | 0.44 | -- | 0.10 |
| 2008 | 81.87 | 122.3700 | 2.95 | 1.8600 | 0.05 | -- | 0.02 |
| 2009 | 73.69 | 236.7100 | 20.92 | 21.7800 | 0.44 | -- | 0.09 |
| 2010 | 82.27 | 162.2400 | 3.05 | 3.2000 | 0.08 | -- | 0.02 |
| 2011 | 80.06 | 110.4900 | 4.24 | 4.3900 | 0.19 | -- | 0.04 |
| 2012 | 77.89 | 136.5200 | 6.06 | 7.1200 | 0.27 | -- | 0.04 |
| 2013 | 74.82 | 99.6700 | 5.05 | 5.7900 | 0.40 | -- | 0.05 |
| 2014 | 76.38 | 84.0900 | 7.45 | 8.8400 | 0.99 | -- | 0.09 |
| 2015 | 73.18 | 73.6100 | 3.62 | 3.9500 | 0.63 | -- | 0.05 |
| 2016 | 68.30 | 60.6200 | 4.56 | 4.8900 | 1.76 | -- | 0.07 |
| 2017 | 70.63 | 87.7200 | 5.39 | 5.9700 | 2.04 | -- | 0.06 |
| 2018 | 72.51 | 104.4200 | 5.32 | 5.8700 | 1.06 | -- | 0.05 |
| 2019 | 73.28 | 167.1900 | 7.41 | 4.4500 | 0.42 | -- | 0.04 |
| 2020 | 72.23 | -8.6400 | -0.41 | -1.8600 | 0.31 | -- | 0.04 |
| 2021 | 71.42 | 66.6600 | 3.07 | 2.7300 | 0.27 | -- | 0.05 |
| 2022 | 70.10 | 56.3100 | 2.75 | 2.8800 | 0.27 | -- | 0.05 |
| 2023 | 71.63 | 59.4400 | 2.84 | 3.0000 | 0.21 | -- | 0.05 |
| 2024 | 57.42 | 35.7500 | 1.82 | 1.6400 | 0.35 | -- | 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 | 28.04 | 71.96 | 1.97 | 0.68 |
| 2001 | 31.89 | 68.11 | 5.60 | 1.87 |
| 2002 | 36.75 | 63.25 | 2.96 | 0.75 |
| 2003 | 38.30 | 61.70 | 5.16 | 0.50 |
| 2004 | 28.82 | 71.18 | 6.83 | 3.44 |
| 2005 | 27.79 | 72.21 | 9.27 | 3.95 |
| 2006 | 19.98 | 80.02 | 9.78 | 4.23 |
| 2007 | 19.27 | 80.73 | 7.38 | 4.64 |
| 2008 | 18.95 | 81.05 | 4.31 | 2.60 |
| 2009 | 20.97 | 79.03 | 6.35 | 4.59 |
| 2010 | 17.84 | 82.16 | 3.20 | 2.59 |
| 2011 | 22.33 | 77.67 | 3.56 | 2.87 |
| 2012 | 26.14 | 73.86 | 6.94 | 5.98 |
| 2013 | 28.04 | 71.96 | 5.19 | 4.50 |
| 2014 | 28.04 | 71.96 | 3.03 | 2.76 |
| 2015 | 26.70 | 73.30 | 3.02 | 2.71 |
| 2016 | 24.45 | 75.55 | 3.91 | 3.61 |
| 2017 | 22.52 | 77.48 | 2.40 | 2.22 |
| 2018 | 22.99 | 77.01 | 1.69 | 1.41 |
| 2019 | 26.09 | 73.91 | 0.90 | 0.45 |
| 2020 | 29.87 | 70.13 | 0.94 | 0.52 |
| 2021 | 32.04 | 67.96 | 1.17 | 0.62 |
| 2022 | 32.70 | 67.30 | 1.38 | 0.59 |
| 2023 | 34.60 | 65.40 | 1.52 | 0.58 |
| 2024 | 36.36 | 63.64 | 1.42 | 0.71 |
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 | 189000000.0000 | -- | 49400000.0000 | 177100000.0000 |
| 2000 | 616100000.0000 | -- | 42900000.0000 | 155300000.0000 |
| 2001 | 441800000.0000 | -- | 39500000.0000 | 116500000.0000 |
| 2002 | 331900000.0000 | -- | 42400000.0000 | 138400000.0000 |
| 2003 | 328000000.0000 | -- | 43100000.0000 | 135300000.0000 |
| 2004 | 2902000000.0000 | -- | 71200000.0000 | 100700000.0000 |
| 2005 | 996700000.0000 | -- | 107500000.0000 | 186700000.0000 |
| 2006 | 717200000.0000 | -- | 142800000.0000 | 183400000.0000 |
| 2007 | 3027000000.0000 | -- | 153400000.0000 | 115900000.0000 |
| 2008 | 372000000.0000 | -- | 177000000.0000 | 52000000.0000 |
| 2009 | 2561000000.0000 | -- | 280000000.0000 | 29000000.0000 |
| 2010 | 447000000.0000 | -- | 327000000.0000 | 43000000.0000 |
| 2011 | 1139000000.0000 | -- | 455000000.0000 | 154000000.0000 |
| 2012 | 1630000000.0000 | -- | 626000000.0000 | -273000000.0000 |
| 2013 | 2301000000.0000 | -- | 642000000.0000 | -395000000.0000 |
| 2014 | 4022000000.0000 | -- | 644000000.0000 | -253000000.0000 |
| 2015 | 2400000000.0000 | -- | 655000000.0000 | -78000000.0000 |
| 2016 | 4140000000.0000 | -- | 607000000.0000 | 317000000.0000 |
| 2017 | 3289000000.0000 | -- | 580000000.0000 | 654000000.0000 |
| 2018 | 2586000000.0000 | -- | 637000000.0000 | 624000000.0000 |
| 2019 | 2365000000.0000 | -- | 593000000.0000 | -100000000.0000 |
| 2020 | 2492000000.0000 | -- | 531000000.0000 | 111000000.0000 |
| 2021 | 2950000000.0000 | -- | 592000000.0000 | 414000000.0000 |
| 2022 | 3094000000.0000 | -- | 650000000.0000 | 449000000.0000 |
| 2023 | 2927000000.0000 | -- | 651000000.0000 | 621000000.0000 |
| 2024 | 4787000000.0000 | -- | 650000000.0000 | 884000000.0000 |