中商官网
研究报告
兴业控股（HK0132）
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 | 25114000.0000 | 11053000.0000 | -61921000.0000 | -61921000.0000 | 464603000.0000 | 63337000.0000 | 401266000.0000 |
| 2000 | 35609000.0000 | 15183000.0000 | -14128000.0000 | -14128000.0000 | 468403000.0000 | 59355000.0000 | 409048000.0000 |
| 2001 | 75905000.0000 | 13761000.0000 | -5967000.0000 | -5967000.0000 | 494335000.0000 | 66264000.0000 | 428071000.0000 |
| 2002 | 180842000.0000 | 62043000.0000 | 18045000.0000 | 18045000.0000 | 796170000.0000 | 292903000.0000 | 503267000.0000 |
| 2003 | 196782000.0000 | 46936000.0000 | -160879000.0000 | -160879000.0000 | 690404000.0000 | 339183000.0000 | 351221000.0000 |
| 2004 | 375602000.0000 | 16622000.0000 | -48867000.0000 | -48867000.0000 | 640897000.0000 | 300824000.0000 | 340073000.0000 |
| 2005 | 339865000.0000 | 41326000.0000 | 15604000.0000 | 10869000.0000 | 678111000.0000 | 332879000.0000 | 345232000.0000 |
| 2006 | 430016000.0000 | 95333000.0000 | 80687000.0000 | 70940000.0000 | 764171000.0000 | 357639000.0000 | 406532000.0000 |
| 2007 | 497834000.0000 | 115120000.0000 | 94197000.0000 | 87252000.0000 | 796768000.0000 | 239785000.0000 | 556983000.0000 |
| 2008 | 472503000.0000 | 20041000.0000 | 17941000.0000 | 17115000.0000 | 767877000.0000 | 187564000.0000 | 580313000.0000 |
| 2009 | 413730000.0000 | 49884000.0000 | -38761000.0000 | -42029000.0000 | 686907000.0000 | 177540000.0000 | 509367000.0000 |
| 2010 | 27300000.0000 | 13100000.0000 | -3862000.0000 | 20872000.0000 | 721642000.0000 | 186102000.0000 | 535540000.0000 |
| 2011 | 36560000.0000 | 19437000.0000 | 4598000.0000 | -60956000.0000 | 636739000.0000 | 159714000.0000 | 477025000.0000 |
| 2012 | 35738000.0000 | 20712000.0000 | -5712000.0000 | 105529000.0000 | 727366000.0000 | 139586000.0000 | 587780000.0000 |
| 2013 | 29616000.0000 | 14195000.0000 | 2249000.0000 | -1419000.0000 | 715412000.0000 | 123354000.0000 | 592058000.0000 |
| 2014 | 32448000.0000 | 12925000.0000 | 75674000.0000 | 81038000.0000 | 1458734000.0000 | 463152000.0000 | 995582000.0000 |
| 2015 | 35582000.0000 | 17665000.0000 | 15168000.0000 | 5773000.0000 | 1352241000.0000 | 377822000.0000 | 974419000.0000 |
| 2016 | 24554000.0000 | 13151000.0000 | 1253000.0000 | -4331000.0000 | 1316578000.0000 | 385291000.0000 | 931287000.0000 |
| 2017 | 29846000.0000 | 7295000.0000 | 31901000.0000 | 31266000.0000 | 2277412000.0000 | 1099553000.0000 | 1177859000.0000 |
| 2018 | 79550000.0000 | 42016000.0000 | 87930000.0000 | 42383000.0000 | 3460537000.0000 | 2129217000.0000 | 1331320000.0000 |
| 2019 | 161107000.0000 | 70282000.0000 | 114039000.0000 | 68612000.0000 | 5147666000.0000 | 3441696000.0000 | 1705970000.0000 |
| 2020 | 293571000.0000 | 155807000.0000 | -26703000.0000 | -83871000.0000 | 6105371000.0000 | 4117039000.0000 | 1988332000.0000 |
| 2021 | 520846000.0000 | 205238000.0000 | 27269000.0000 | -15500000.0000 | 8299701000.0000 | 6107245000.0000 | 2192456000.0000 |
| 2022 | 767632000.0000 | 290042000.0000 | 84442000.0000 | -13642000.0000 | 9069585000.0000 | 6976800000.0000 | 2092785000.0000 |
| 2023 | 917133000.0000 | 351786000.0000 | 194303000.0000 | 26930000.0000 | 9755709000.0000 | 7636412000.0000 | 2119297000.0000 |
| 2024 | 798962000.0000 | 343399000.0000 | 134444000.0000 | 60717000.0000 | 7484410000.0000 | 5647165000.0000 | 1837245000.0000 |
| 2025 | 883679000.0000 | 426959000.0000 | 128466000.0000 | 11960000.0000 | 8656104000.0000 | 6653031000.0000 | 2003073000.0000 |
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 | 44.01 | -246.5600 | -13.33 | -15.4300 | 0.10 | -- | 0.05 |
| 2000 | 42.64 | -39.6800 | -3.02 | -3.4500 | 0.21 | -- | 0.08 |
| 2001 | 18.13 | -7.8600 | -1.21 | -1.3900 | 0.53 | -- | 0.15 |
| 2002 | 34.31 | 9.9800 | 2.27 | 3.5900 | 0.93 | -- | 0.23 |
| 2003 | 23.85 | -81.7500 | -23.30 | -45.8100 | 0.97 | -- | 0.29 |
| 2004 | 4.43 | -13.0100 | -7.62 | -14.3700 | 2.50 | -- | 0.59 |
| 2005 | 12.16 | 4.5900 | 2.30 | 3.1500 | 2.07 | -- | 0.50 |
| 2006 | 22.17 | 18.7600 | 10.56 | 17.4500 | 1.94 | -- | 0.56 |
| 2007 | 23.12 | 18.9200 | 11.82 | 15.6700 | 2.09 | -- | 0.62 |
| 2008 | 4.24 | 3.8000 | 2.34 | 2.9500 | 2.75 | -- | 0.62 |
| 2009 | 12.06 | -9.3700 | -5.64 | -8.2500 | 2.41 | -- | 0.60 |
| 2010 | 47.99 | -14.1500 | -0.54 | 3.9000 | 0.08 | -- | 0.04 |
| 2011 | 53.16 | 12.5800 | 0.72 | -12.7800 | 0.26 | -- | 0.06 |
| 2012 | 57.96 | -15.9800 | -0.79 | 17.9500 | 0.25 | -- | 0.05 |
| 2013 | 47.93 | 7.5900 | 0.31 | -0.2400 | 0.26 | -- | 0.04 |
| 2014 | 39.83 | 165.3100 | 5.19 | 8.1400 | 0.33 | -- | 0.02 |
| 2015 | 49.65 | -158.7200 | 1.12 | 0.5900 | 0.32 | -- | 0.03 |
| 2016 | 53.56 | -270.8100 | 0.10 | -0.4700 | 0.20 | -- | 0.02 |
| 2017 | 24.44 | -146.0600 | 1.40 | 3.0600 | 0.47 | -- | 0.01 |
| 2018 | 52.82 | 12.2100 | 2.54 | 4.2700 | 0.95 | -- | 0.02 |
| 2019 | 43.62 | 18.4300 | 2.22 | 6.2100 | 10.53 | -- | 0.03 |
| 2020 | 53.07 | -32.2200 | -0.44 | -7.3300 | 11.72 | -- | 0.05 |
| 2021 | 39.40 | 0.3700 | 0.33 | -1.3000 | 21.77 | -- | 0.06 |
| 2022 | 37.78 | 10.3800 | 0.93 | -1.3500 | 54.46 | -- | 0.08 |
| 2023 | 38.36 | 15.5800 | 1.99 | 2.7500 | 78.62 | -- | 0.09 |
| 2024 | 42.98 | 11.7800 | 1.80 | 5.6700 | 62.09 | -- | 0.11 |
| 2025 | 48.32 | 11.1700 | 1.48 | 1.0100 | 28.24 | -- | 0.10 |
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 | 13.63 | 86.37 | 8.29 | 1.45 |
| 2000 | 12.67 | 87.33 | 5.87 | 1.71 |
| 2001 | 13.40 | 86.60 | 4.46 | 1.31 |
| 2002 | 36.79 | 63.21 | 3.22 | 1.44 |
| 2003 | 49.13 | 50.87 | 1.63 | 0.38 |
| 2004 | 46.94 | 53.06 | 1.47 | 0.39 |
| 2005 | 49.09 | 50.91 | 1.67 | 0.67 |
| 2006 | 46.80 | 53.20 | 1.04 | 0.56 |
| 2007 | 30.09 | 69.91 | 1.79 | 1.03 |
| 2008 | 24.43 | 75.57 | 1.75 | 0.87 |
| 2009 | 25.85 | 74.15 | 1.75 | 0.90 |
| 2010 | 25.79 | 74.21 | 1.73 | 0.75 |
| 2011 | 25.08 | 74.92 | 3.21 | 2.80 |
| 2012 | 19.19 | 80.81 | 4.33 | 3.89 |
| 2013 | 17.24 | 82.76 | 4.67 | 4.19 |
| 2014 | 31.75 | 68.25 | 1.39 | 1.15 |
| 2015 | 27.94 | 72.06 | 1.53 | 1.14 |
| 2016 | 29.26 | 70.74 | 1.39 | 1.03 |
| 2017 | 48.28 | 51.72 | 1.32 | 1.26 |
| 2018 | 61.53 | 38.47 | 1.15 | 1.12 |
| 2019 | 66.86 | 33.14 | 1.36 | 1.35 |
| 2020 | 67.43 | 32.57 | 0.95 | 0.95 |
| 2021 | 73.58 | 26.42 | 0.97 | 0.97 |
| 2022 | 76.93 | 23.07 | 1.02 | 1.02 |
| 2023 | 78.28 | 21.72 | 1.15 | 1.15 |
| 2024 | 75.45 | 24.55 | 1.42 | 1.42 |
| 2025 | 76.86 | 23.14 | 1.07 | 1.06 |
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 | 14061000.0000 | -- | 14655000.0000 | 4738000.0000 |
| 2000 | 20426000.0000 | -- | 14701000.0000 | 4557000.0000 |
| 2001 | 62144000.0000 | -- | 13310000.0000 | 3569000.0000 |
| 2002 | 118799000.0000 | -- | 26339000.0000 | 3810000.0000 |
| 2003 | 149846000.0000 | -- | 35923000.0000 | 3136000.0000 |
| 2004 | 358980000.0000 | -- | 42315000.0000 | 2196000.0000 |
| 2005 | 298539000.0000 | -- | 46681000.0000 | 8248000.0000 |
| 2006 | 334683000.0000 | -- | 47607000.0000 | 8527000.0000 |
| 2007 | 382714000.0000 | -- | 46397000.0000 | 3429000.0000 |
| 2008 | 452462000.0000 | -- | 50079000.0000 | 492000.0000 |
| 2009 | 363846000.0000 | -- | 57087000.0000 | 612000.0000 |
| 2010 | 14200000.0000 | -- | 25579000.0000 | -- |
| 2011 | 17123000.0000 | -- | 27102000.0000 | -- |
| 2012 | 15026000.0000 | -- | 28690000.0000 | -- |
| 2013 | 15421000.0000 | -- | 31291000.0000 | -- |
| 2014 | 19523000.0000 | -- | 54355000.0000 | 5229000.0000 |
| 2015 | 17917000.0000 | -- | 54429000.0000 | 23159000.0000 |
| 2016 | 11403000.0000 | -- | 60564000.0000 | 22362000.0000 |
| 2017 | 22551000.0000 | -- | 53623000.0000 | 25449000.0000 |
| 2018 | 37534000.0000 | -- | 70206000.0000 | 86296000.0000 |
| 2019 | 90825000.0000 | -- | 117882000.0000 | 109032000.0000 |
| 2020 | 137764000.0000 | -- | 149248000.0000 | 123742000.0000 |
| 2021 | 315608000.0000 | -- | 200249000.0000 | 107065000.0000 |
| 2022 | 477590000.0000 | -- | 220011000.0000 | 131447000.0000 |
| 2023 | 565347000.0000 | -- | 214241000.0000 | 139379000.0000 |
| 2024 | 455563000.0000 | -- | 179511000.0000 | 78427000.0000 |
| 2025 | 456720000.0000 | -- | 206455000.0000 | 71896000.0000 |