中商官网
研究报告
招商局港口（HK0144）
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 | 1348499000.0000 | 478520000.0000 | 816120000.0000 | 704475000.0000 | 12444900000.0000 | 2529499000.0000 | 9915401000.0000 |
| 2000 | 1381860000.0000 | 488230000.0000 | 1081178000.0000 | 878068000.0000 | 12569399000.0000 | 1723702000.0000 | 10845697000.0000 |
| 2001 | 1206105000.0000 | 457291000.0000 | 975099000.0000 | 800210000.0000 | 12289275000.0000 | 1283965000.0000 | 11005310000.0000 |
| 2002 | 1689136000.0000 | 550398000.0000 | 1084480000.0000 | 882487000.0000 | 12683089000.0000 | 1061364000.0000 | 11621725000.0000 |
| 2003 | 2130429000.0000 | 669598000.0000 | 1726266000.0000 | 1465616000.0000 | 14529646000.0000 | 854926000.0000 | 13674720000.0000 |
| 2004 | 2059000000.0000 | 593000000.0000 | 1753000000.0000 | 2054000000.0000 | 17772000000.0000 | 3014000000.0000 | 14758000000.0000 |
| 2005 | 2972000000.0000 | 825000000.0000 | 2587000000.0000 | 2364000000.0000 | 27419000000.0000 | 9792000000.0000 | 17627000000.0000 |
| 2006 | 3961000000.0000 | 1263000000.0000 | 2743000000.0000 | 2540000000.0000 | 35086000000.0000 | 11643000000.0000 | 23443000000.0000 |
| 2007 | 3345000000.0000 | 1701000000.0000 | 3613000000.0000 | 3545000000.0000 | 45686000000.0000 | 17211000000.0000 | 28475000000.0000 |
| 2008 | 4135000000.0000 | 1972000000.0000 | 4014000000.0000 | 3706000000.0000 | 50493000000.0000 | 17779000000.0000 | 32714000000.0000 |
| 2009 | 3588000000.0000 | 1533000000.0000 | 3243000000.0000 | 3238000000.0000 | 52468000000.0000 | 16849000000.0000 | 35619000000.0000 |
| 2010 | 5811000000.0000 | 2786000000.0000 | 7238000000.0000 | 5876000000.0000 | 78351000000.0000 | 28980000000.0000 | 49371000000.0000 |
| 2011 | 9470000000.0000 | 4052000000.0000 | 7686000000.0000 | 5589000000.0000 | 87086000000.0000 | 32279000000.0000 | 54807000000.0000 |
| 2012 | 11022000000.0000 | 4335000000.0000 | 6871000000.0000 | 3818000000.0000 | 77466000000.0000 | 23784000000.0000 | 53682000000.0000 |
| 2013 | 7758000000.0000 | 3236000000.0000 | 5781000000.0000 | 4213000000.0000 | 89191000000.0000 | 32765000000.0000 | 56426000000.0000 |
| 2014 | 8257000000.0000 | 3520000000.0000 | 6169000000.0000 | 4526000000.0000 | 102436000000.0000 | 27290000000.0000 | 75146000000.0000 |
| 2015 | 8233000000.0000 | 3631000000.0000 | 6315000000.0000 | 4808000000.0000 | 102349000000.0000 | 25700000000.0000 | 76649000000.0000 |
| 2016 | 7976000000.0000 | 3355000000.0000 | 6683000000.0000 | 5494000000.0000 | 103113000000.0000 | 29375000000.0000 | 73738000000.0000 |
| 2017 | 8692000000.0000 | 3441000000.0000 | 7445000000.0000 | 6028000000.0000 | 131951000000.0000 | 42310000000.0000 | 89641000000.0000 |
| 2018 | 10160000000.0000 | 4389000000.0000 | 9250000000.0000 | 7245000000.0000 | 139937000000.0000 | 51933000000.0000 | 88004000000.0000 |
| 2019 | 8898000000.0000 | 3716000000.0000 | 11756000000.0000 | 8362000000.0000 | 149082000000.0000 | 54948000000.0000 | 94134000000.0000 |
| 2020 | 8945000000.0000 | 3744000000.0000 | 7158000000.0000 | 5151000000.0000 | 170064000000.0000 | 56429000000.0000 | 113635000000.0000 |
| 2021 | 11850000000.0000 | 5357000000.0000 | 10626000000.0000 | 8144000000.0000 | 178690000000.0000 | 53892000000.0000 | 124798000000.0000 |
| 2022 | 12545000000.0000 | 5568000000.0000 | 10075000000.0000 | 7781000000.0000 | 172155000000.0000 | 49579000000.0000 | 122576000000.0000 |
| 2023 | 11482000000.0000 | 5155000000.0000 | 8559000000.0000 | 6233000000.0000 | 172314000000.0000 | 51469000000.0000 | 120845000000.0000 |
| 2024 | 11842000000.0000 | 5496000000.0000 | 10278000000.0000 | 7919000000.0000 | 169474000000.0000 | 48042000000.0000 | 121432000000.0000 |
| 2025 | 13354000000.0000 | 6505000000.0000 | 9075000000.0000 | 6457000000.0000 | 177534000000.0000 | 50496000000.0000 | 127038000000.0000 |
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 | 35.49 | 25.9900 | 6.56 | 7.6100 | 7.09 | -- | 0.11 |
| 2000 | 35.33 | 23.8100 | 8.60 | 8.4700 | 6.16 | -- | 0.11 |
| 2001 | 37.91 | 11.6400 | 7.93 | 7.3600 | 7.13 | -- | 0.10 |
| 2002 | 32.58 | 7.4200 | 8.55 | 7.7100 | 8.90 | -- | 0.13 |
| 2003 | 31.43 | 25.2300 | 11.88 | 11.4400 | 9.67 | -- | 0.15 |
| 2004 | 28.80 | 8.6000 | 9.86 | 15.1800 | 2.35 | -- | 0.12 |
| 2005 | 27.76 | 13.3200 | 9.44 | 14.6300 | 3.90 | -- | 0.11 |
| 2006 | 31.89 | 7.8300 | 7.82 | 12.1400 | 4.31 | -- | 0.11 |
| 2007 | 50.85 | 27.1400 | 7.91 | 13.2100 | 5.07 | -- | 0.07 |
| 2008 | 47.69 | 32.6700 | 7.95 | 12.2400 | 52.76 | -- | 0.08 |
| 2009 | 42.73 | 24.7800 | 6.18 | 9.6500 | 51.38 | -- | 0.07 |
| 2010 | 47.94 | 61.0600 | 9.24 | 15.0500 | 1.26 | -- | 0.07 |
| 2011 | 42.79 | 42.3500 | 8.83 | 12.8600 | 1.17 | -- | 0.11 |
| 2012 | 39.33 | 35.4200 | 8.87 | 8.3800 | 75.13 | -- | 0.14 |
| 2013 | 41.71 | 25.4200 | 6.48 | 8.6700 | 48.11 | -- | 0.09 |
| 2014 | 42.63 | 20.9800 | 6.02 | 6.7100 | 43.86 | -- | 0.08 |
| 2015 | 44.10 | 27.7100 | 6.17 | 6.9900 | 59.77 | -- | 0.08 |
| 2016 | 42.06 | 37.5800 | 6.48 | 8.3400 | 60.01 | -- | 0.08 |
| 2017 | 39.59 | 22.7000 | 5.64 | 8.2100 | 53.04 | -- | 0.07 |
| 2018 | 43.20 | 43.5400 | 6.61 | 9.6200 | 53.44 | -- | 0.07 |
| 2019 | 41.76 | 83.8500 | 7.89 | 10.4800 | 41.46 | -- | 0.06 |
| 2020 | 41.86 | 30.2000 | 4.21 | 5.8600 | 29.06 | -- | 0.05 |
| 2021 | 45.21 | 28.4600 | 5.95 | 8.2900 | 39.11 | -- | 0.07 |
| 2022 | 44.38 | 15.6500 | 5.85 | 8.0200 | 39.87 | -- | 0.07 |
| 2023 | 44.90 | 25.3700 | 4.97 | 6.1000 | 33.83 | -- | 0.07 |
| 2024 | 46.41 | 31.7900 | 6.06 | 7.6300 | 27.12 | -- | 0.07 |
| 2025 | 48.71 | 30.7400 | 5.11 | 5.8500 | 25.09 | -- | 0.08 |
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 | 20.33 | 79.67 | 2.24 | 2.13 |
| 2000 | 13.71 | 86.29 | 3.39 | 3.20 |
| 2001 | 10.45 | 89.55 | 4.12 | 3.91 |
| 2002 | 8.37 | 91.63 | 3.30 | 3.06 |
| 2003 | 5.88 | 94.12 | 3.47 | 3.20 |
| 2004 | 16.96 | 83.04 | 3.28 | 2.70 |
| 2005 | 35.71 | 64.29 | 1.61 | 1.31 |
| 2006 | 33.18 | 66.82 | 0.61 | 0.48 |
| 2007 | 37.67 | 62.33 | 0.40 | 0.37 |
| 2008 | 35.21 | 64.79 | 0.76 | 0.75 |
| 2009 | 32.11 | 67.89 | 0.98 | 0.98 |
| 2010 | 36.99 | 63.01 | 1.21 | 1.00 |
| 2011 | 37.07 | 62.93 | 1.30 | 0.90 |
| 2012 | 30.70 | 69.30 | 0.69 | 0.68 |
| 2013 | 36.74 | 63.26 | 1.22 | 1.20 |
| 2014 | 26.64 | 73.36 | 1.34 | 1.33 |
| 2015 | 25.11 | 74.89 | 2.57 | 2.55 |
| 2016 | 28.49 | 71.51 | 0.66 | 0.65 |
| 2017 | 32.06 | 67.94 | 0.84 | 0.83 |
| 2018 | 37.11 | 62.89 | 1.18 | 1.17 |
| 2019 | 36.86 | 63.14 | 0.81 | 0.80 |
| 2020 | 33.18 | 66.82 | 1.12 | 1.11 |
| 2021 | 30.16 | 69.84 | 0.74 | 0.73 |
| 2022 | 28.80 | 71.20 | 0.69 | 0.68 |
| 2023 | 29.87 | 70.13 | 0.87 | 0.86 |
| 2024 | 28.35 | 71.65 | 0.69 | 0.68 |
| 2025 | 28.44 | 71.56 | 0.72 | 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 | 869979000.0000 | -- | 113921000.0000 | 100425000.0000 |
| 2000 | 893630000.0000 | -- | 130724000.0000 | 101949000.0000 |
| 2001 | 748814000.0000 | -- | 127495000.0000 | 66561000.0000 |
| 2002 | 1138738000.0000 | -- | 147491000.0000 | 39707000.0000 |
| 2003 | 1460831000.0000 | -- | 206824000.0000 | 20474000.0000 |
| 2004 | 1466000000.0000 | -- | 239000000.0000 | 16000000.0000 |
| 2005 | 2147000000.0000 | -- | 368000000.0000 | 174000000.0000 |
| 2006 | 2698000000.0000 | -- | 385000000.0000 | 361000000.0000 |
| 2007 | 1644000000.0000 | -- | 467000000.0000 | 535000000.0000 |
| 2008 | 2163000000.0000 | -- | 582000000.0000 | 584000000.0000 |
| 2009 | 2055000000.0000 | -- | 388000000.0000 | 652000000.0000 |
| 2010 | 3025000000.0000 | -- | 690000000.0000 | 641000000.0000 |
| 2011 | 5418000000.0000 | -- | 1177000000.0000 | 874000000.0000 |
| 2012 | 6687000000.0000 | -- | 1241000000.0000 | 1166000000.0000 |
| 2013 | 4522000000.0000 | -- | 860000000.0000 | 1018000000.0000 |
| 2014 | 4737000000.0000 | -- | 1017000000.0000 | 859000000.0000 |
| 2015 | 4602000000.0000 | -- | 989000000.0000 | 700000000.0000 |
| 2016 | 4621000000.0000 | -- | 1019000000.0000 | 900000000.0000 |
| 2017 | 5251000000.0000 | -- | 1170000000.0000 | 1168000000.0000 |
| 2018 | 5771000000.0000 | -- | 1766000000.0000 | 1590000000.0000 |
| 2019 | 5182000000.0000 | -- | 1421000000.0000 | 1782000000.0000 |
| 2020 | 5201000000.0000 | -- | 1371000000.0000 | 1524000000.0000 |
| 2021 | 6493000000.0000 | -- | 1551000000.0000 | 1415000000.0000 |
| 2022 | 6977000000.0000 | -- | 1516000000.0000 | 1454000000.0000 |
| 2023 | 6327000000.0000 | -- | 1410000000.0000 | 1330000000.0000 |
| 2024 | 6346000000.0000 | -- | 1457000000.0000 | 1319000000.0000 |
| 2025 | 6849000000.0000 | -- | 1334000000.0000 | 1171000000.0000 |