中商官网
研究报告
嘉华国际（HK0173）
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 | 1078087000.0000 | 269515000.0000 | 96096000.0000 | 50093000.0000 | 5904563000.0000 | 2626906000.0000 | 3277657000.0000 |
| 2000 | 1778450000.0000 | 265557000.0000 | 158113000.0000 | 82075000.0000 | 5915307000.0000 | 2507031000.0000 | 3408276000.0000 |
| 2001 | 2274900000.0000 | 283833000.0000 | 159290000.0000 | 100236000.0000 | 6052629000.0000 | 2596911000.0000 | 3455718000.0000 |
| 2002 | 2134552000.0000 | 232973000.0000 | 136509000.0000 | 102334000.0000 | 6763233000.0000 | 3269514000.0000 | 3493719000.0000 |
| 2003 | 3076143000.0000 | 184511000.0000 | 183220000.0000 | 120380000.0000 | 5871887000.0000 | 2256331000.0000 | 3615556000.0000 |
| 2004 | 418257000.0000 | 128482000.0000 | 231153000.0000 | 241214000.0000 | 8319006000.0000 | 4922898000.0000 | 3396108000.0000 |
| 2005 | 289307000.0000 | 131161000.0000 | 393249000.0000 | 3644048000.0000 | 9983240000.0000 | 4310602000.0000 | 5672638000.0000 |
| 2006 | 275956000.0000 | 116195000.0000 | 1008763000.0000 | 229703000.0000 | 14935018000.0000 | 6613838000.0000 | 8321180000.0000 |
| 2007 | 4799504000.0000 | 1176778000.0000 | 2850701000.0000 | 2451142000.0000 | 16382150000.0000 | 6822805000.0000 | 9559345000.0000 |
| 2008 | 1152989000.0000 | 599871000.0000 | -406998000.0000 | -617247000.0000 | 14963476000.0000 | 6059221000.0000 | 8904255000.0000 |
| 2009 | 2627182000.0000 | 1524495000.0000 | 2047952000.0000 | 918873000.0000 | 18165806000.0000 | 7718588000.0000 | 10447218000.0000 |
| 2010 | 896056000.0000 | 651508000.0000 | 441714000.0000 | 193139000.0000 | 23258317000.0000 | 12152893000.0000 | 11105424000.0000 |
| 2011 | 3196361000.0000 | 2169643000.0000 | 1825726000.0000 | 1243514000.0000 | 27563316000.0000 | 13817665000.0000 | 13745651000.0000 |
| 2012 | 3346477000.0000 | 2133701000.0000 | 5105421000.0000 | 4300179000.0000 | 38265725000.0000 | 17856230000.0000 | 20409495000.0000 |
| 2013 | 7288415000.0000 | 3146567000.0000 | 3003950000.0000 | 1646773000.0000 | 44649616000.0000 | 15555670000.0000 | 29093946000.0000 |
| 2014 | 2393967000.0000 | 1409021000.0000 | 2707293000.0000 | 1829960000.0000 | 50170096000.0000 | 23479133000.0000 | 26690963000.0000 |
| 2015 | 4720487000.0000 | 3040636000.0000 | 2815345000.0000 | 1366754000.0000 | 46563644000.0000 | 23226884000.0000 | 23336760000.0000 |
| 2016 | 9619956000.0000 | 4523456000.0000 | 5071846000.0000 | 3181996000.0000 | 50472618000.0000 | 23346151000.0000 | 27126467000.0000 |
| 2017 | 11293887000.0000 | 5660376000.0000 | 6735327000.0000 | 3906182000.0000 | 72506719000.0000 | 35490032000.0000 | 37016687000.0000 |
| 2018 | 10759792000.0000 | 4830008000.0000 | 5538504000.0000 | 4046390000.0000 | 69893848000.0000 | 32892123000.0000 | 37001725000.0000 |
| 2019 | 10651931000.0000 | 5604217000.0000 | 5299400000.0000 | 3149738000.0000 | 74559040000.0000 | 34441104000.0000 | 40117936000.0000 |
| 2020 | 11732483000.0000 | 5993217000.0000 | 4860324000.0000 | 3268439000.0000 | 81754065000.0000 | 36929103000.0000 | 44824962000.0000 |
| 2021 | 16217700000.0000 | 5561104000.0000 | 5090122000.0000 | 3354877000.0000 | 78497598000.0000 | 33282164000.0000 | 45215434000.0000 |
| 2022 | 8793712000.0000 | 2668077000.0000 | 2068046000.0000 | 1372387000.0000 | 76635909000.0000 | 29993038000.0000 | 46642871000.0000 |
| 2023 | 6102809000.0000 | 2018166000.0000 | 1488934000.0000 | 802156000.0000 | 72506967000.0000 | 27409526000.0000 | 45097441000.0000 |
| 2024 | 7187433000.0000 | 1359999000.0000 | 706348000.0000 | 335070000.0000 | 66371047000.0000 | 24413298000.0000 | 41957749000.0000 |
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 | 25.00 | 9.1300 | 1.63 | 2.2700 | 0.27 | -- | 0.18 |
| 2000 | 14.93 | 9.1700 | 2.67 | 3.5700 | 0.54 | -- | 0.30 |
| 2001 | 12.48 | 7.4600 | 2.63 | 4.2000 | 0.66 | -- | 0.38 |
| 2002 | 10.91 | 6.0800 | 2.02 | 4.2200 | 0.54 | -- | 0.32 |
| 2003 | 6.00 | 4.1700 | 3.12 | 4.7500 | 1.12 | -- | 0.52 |
| 2004 | 30.72 | 11.1800 | 2.78 | 9.0200 | 0.06 | -- | 0.05 |
| 2005 | 45.34 | 119.4400 | 3.94 | 68.5400 | 0.04 | -- | 0.03 |
| 2006 | 42.11 | 362.1900 | 6.75 | 3.0800 | 0.03 | -- | 0.02 |
| 2007 | 24.52 | 56.1600 | 17.40 | 28.8300 | 0.75 | -- | 0.29 |
| 2008 | 52.03 | -40.0600 | -2.72 | -8.0100 | 0.10 | -- | 0.08 |
| 2009 | 58.03 | 76.4000 | 11.27 | 10.2600 | 0.16 | -- | 0.14 |
| 2010 | 72.71 | 44.6900 | 1.90 | 1.8900 | 0.03 | -- | 0.04 |
| 2011 | 67.88 | 58.6900 | 6.62 | 9.7500 | 0.09 | -- | 0.12 |
| 2012 | 63.76 | 68.8900 | 13.34 | 22.2200 | 0.09 | -- | 0.09 |
| 2013 | 43.17 | 39.3000 | 6.73 | 5.9600 | 0.27 | -- | 0.16 |
| 2014 | 58.86 | 106.5600 | 5.40 | 7.2800 | 0.04 | -- | 0.05 |
| 2015 | 64.41 | 55.5900 | 6.05 | 6.2600 | 0.06 | -- | 0.10 |
| 2016 | 47.02 | 43.4400 | 10.05 | 12.5500 | 0.22 | -- | 0.19 |
| 2017 | 50.12 | 57.9200 | 9.29 | 11.1600 | 0.19 | -- | 0.16 |
| 2018 | 44.89 | 50.6700 | 7.92 | 11.3500 | 0.20 | -- | 0.15 |
| 2019 | 52.61 | 47.2900 | 7.11 | 8.1000 | 0.18 | -- | 0.14 |
| 2020 | 51.08 | 40.9100 | 5.95 | 7.5000 | 0.21 | -- | 0.14 |
| 2021 | 34.29 | 31.3200 | 6.48 | 7.6400 | 0.40 | -- | 0.21 |
| 2022 | 30.34 | 24.1900 | 2.70 | 3.1300 | 0.28 | -- | 0.11 |
| 2023 | 33.07 | 22.3700 | 2.05 | 1.9000 | 0.18 | -- | 0.08 |
| 2024 | 18.92 | 9.6800 | 1.06 | 0.8400 | 0.31 | -- | 0.11 |
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 | 44.49 | 55.51 | 2.77 | 0.83 |
| 2000 | 42.38 | 57.62 | 2.98 | 0.92 |
| 2001 | 42.91 | 57.09 | 3.25 | 0.96 |
| 2002 | 48.34 | 51.66 | 3.49 | 0.93 |
| 2003 | 38.43 | 61.57 | 4.33 | 1.34 |
| 2004 | 59.18 | 40.82 | 3.32 | 0.87 |
| 2005 | 43.18 | 56.82 | 1.80 | 0.17 |
| 2006 | 44.28 | 55.72 | 1.53 | 0.26 |
| 2007 | 41.65 | 58.35 | 3.56 | 1.96 |
| 2008 | 40.49 | 59.51 | 2.53 | 0.72 |
| 2009 | 42.49 | 57.51 | 3.82 | 1.03 |
| 2010 | 52.25 | 47.75 | 2.26 | 0.59 |
| 2011 | 50.13 | 49.87 | 2.14 | 0.64 |
| 2012 | 46.66 | 53.34 | 2.83 | 1.15 |
| 2013 | 34.84 | 65.16 | 3.12 | 1.00 |
| 2014 | 46.80 | 53.20 | 5.22 | 1.40 |
| 2015 | 49.88 | 50.12 | 3.47 | 0.67 |
| 2016 | 46.26 | 53.74 | 2.44 | 0.73 |
| 2017 | 48.95 | 51.05 | 2.56 | 0.67 |
| 2018 | 47.06 | 52.94 | 3.04 | 0.70 |
| 2019 | 46.19 | 53.81 | 2.30 | 0.50 |
| 2020 | 45.17 | 54.83 | 2.82 | 0.98 |
| 2021 | 42.40 | 57.60 | 2.69 | 0.78 |
| 2022 | 39.14 | 60.86 | 2.13 | 0.68 |
| 2023 | 37.80 | 62.20 | 2.70 | 0.83 |
| 2024 | 36.78 | 63.22 | 2.74 | 1.04 |
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 | 808572000.0000 | -- | -- | 33392000.0000 |
| 2000 | 1512893000.0000 | -- | 123251000.0000 | 24518000.0000 |
| 2001 | 1991067000.0000 | -- | 105888000.0000 | 7072000.0000 |
| 2002 | 1901579000.0000 | -- | 82267000.0000 | 8619000.0000 |
| 2003 | 2891632000.0000 | -- | 77599000.0000 | 17144000.0000 |
| 2004 | 289775000.0000 | -- | 85851000.0000 | 10140000.0000 |
| 2005 | 158146000.0000 | -- | 91902000.0000 | 36689000.0000 |
| 2006 | 159761000.0000 | -- | 126605000.0000 | 71891000.0000 |
| 2007 | 3622726000.0000 | -- | 148411000.0000 | 110751000.0000 |
| 2008 | 553118000.0000 | -- | 221688000.0000 | 130694000.0000 |
| 2009 | 1102687000.0000 | -- | 199739000.0000 | 33398000.0000 |
| 2010 | 244548000.0000 | -- | 288367000.0000 | 19064000.0000 |
| 2011 | 1026718000.0000 | -- | 342834000.0000 | 38384000.0000 |
| 2012 | 1212776000.0000 | -- | 449057000.0000 | 49120000.0000 |
| 2013 | 4141848000.0000 | -- | 440531000.0000 | 93861000.0000 |
| 2014 | 984946000.0000 | -- | 442473000.0000 | 21799000.0000 |
| 2015 | 1679851000.0000 | -- | 446029000.0000 | 61930000.0000 |
| 2016 | 5096500000.0000 | -- | 427632000.0000 | 22308000.0000 |
| 2017 | 5633511000.0000 | -- | 493379000.0000 | 20353000.0000 |
| 2018 | 5929784000.0000 | -- | 490044000.0000 | 12465000.0000 |
| 2019 | 5047714000.0000 | -- | 507978000.0000 | 10958000.0000 |
| 2020 | 5739266000.0000 | -- | 525717000.0000 | 31583000.0000 |
| 2021 | 10656596000.0000 | -- | 658563000.0000 | 36122000.0000 |
| 2022 | 6125635000.0000 | -- | 573685000.0000 | 61028000.0000 |
| 2023 | 4084643000.0000 | -- | 608644000.0000 | 349469000.0000 |
| 2024 | 5827434000.0000 | -- | 552623000.0000 | 442038000.0000 |