中商官网
研究报告
莎莎国际（HK0178）
主要经济指标
| 类别\年份 | 营业额 （港元) |
营业额同比 （%) |
营业利润 （港元) |
营业利润同比 （%) |
利润总额 （港元) |
利润总额同比 （%) |
净利润 （港元) |
净利润同比 （%) |
| 202309 | 2144435000.0000 | 38.31 | 880476000.0000 | 53.58 | 125710000.0000 | -201.96 | 102422000.0000 | -176.90 |
| 202303 | 3500525000.0000 | 2.57 | 1401360000.0000 | 11.17 | -14361000.0000 | -95.74 | 58247000.0000 | -116.95 |
| 202209 | 1550493000.0000 | -2.93 | 573304000.0000 | -2.25 | -123288000.0000 | -31.66 | -133183000.0000 | -26.66 |
| 202203 | 3412727000.0000 | 12.15 | 1260546000.0000 | 19.84 | -336825000.0000 | -14.41 | -343732000.0000 | -2.17 |
| 202109 | 1597234000.0000 | 24.19 | 586518000.0000 | 40.01 | -180393000.0000 | -36.71 | -181601000.0000 | -24.96 |
| 202103 | 3043029000.0000 | -49.03 | 1051831000.0000 | -54.97 | -393551000.0000 | -34.72 | -351368000.0000 | -31.90 |
| 202009 | 1286128000.0000 | -63.19 | 418916000.0000 | -69.66 | -285034000.0000 | 645.23 | -242001000.0000 | 562.47 |
| 202003 | 5970505000.0000 | -28.72 | 2335687000.0000 | -33.94 | -602852000.0000 | -206.99 | -515936000.0000 | -209.60 |
| 201909 | 3494127000.0000 | -15.75 | 1380622000.0000 | -17.24 | -38248000.0000 | -115.58 | -36530000.0000 | -118.01 |
| 201903 | 8375900000.0000 | 4.47 | 3535933000.0000 | 4.80 | 563448000.0000 | 0.51 | 470752000.0000 | 6.96 |
| 201809 | 4147220000.0000 | 16.27 | 1668238000.0000 | 10.16 | 245436000.0000 | 62.57 | 202861000.0000 | 84.52 |
| 201803 | 8017613000.0000 | 6.18 | 3373866000.0000 | 7.43 | 560611000.0000 | 33.10 | 440120000.0000 | 34.71 |
| 201709 | 3566983000.0000 | -0.98 | 1514411000.0000 | 0.62 | 150968000.0000 | 17.69 | 109937000.0000 | 14.54 |
| 201703 | 7551074000.0000 | -3.08 | 3140509000.0000 | -6.89 | 421202000.0000 | -10.47 | 326705000.0000 | -14.80 |
| 201609 | 3602117000.0000 | -4.65 | 1505062000.0000 | -7.19 | 128272000.0000 | -33.65 | 95984000.0000 | -37.27 |
| 201603 | 7791244000.0000 | -13.36 | 3372828000.0000 | -16.50 | 470455000.0000 | -53.40 | 383470000.0000 | -54.28 |
| 201509 | 3777940000.0000 | -10.60 | 1621665000.0000 | -14.06 | 193324000.0000 | -53.18 | 153020000.0000 | -54.96 |
| 201503 | 8992837000.0000 | 2.70 | 4039247000.0000 | -0.83 | 1009492000.0000 | -10.34 | 838811000.0000 | -10.31 |
| 201409 | 4226004000.0000 | 8.38 | 1886875000.0000 | 3.07 | 412928000.0000 | -3.92 | 339762000.0000 | -4.93 |
| 201403 | 8756105000.0000 | 14.16 | 4072987000.0000 | 14.46 | 1125963000.0000 | 13.20 | 935235000.0000 | 13.27 |
| 201309 | 3899125000.0000 | 15.45 | 1830741000.0000 | 18.60 | 429782000.0000 | 23.42 | 357380000.0000 | 26.70 |
| 201303 | 7669798000.0000 | 19.74 | 3558344000.0000 | 22.84 | 994678000.0000 | 19.15 | 825634000.0000 | 19.71 |
| 201209 | 3377465000.0000 | 21.23 | 1543614000.0000 | 26.07 | 348232000.0000 | 27.60 | 282064000.0000 | 25.73 |
| 201203 | 6405121000.0000 | 30.68 | 2896681000.0000 | 30.96 | 834793000.0000 | 36.06 | 689709000.0000 | 35.43 |
| 201109 | 2786037000.0000 | 32.72 | 1224419000.0000 | 29.57 | 272918000.0000 | 26.60 | 224333000.0000 | 27.25 |
| 201103 | 4901364000.0000 | 19.22 | 2211880000.0000 | 21.88 | 613526000.0000 | 31.73 | 509270000.0000 | 33.36 |
| 201009 | 2099164000.0000 | 18.96 | 945015000.0000 | 22.01 | 215567000.0000 | 41.29 | 176291000.0000 | 42.27 |
| 201003 | 4111345000.0000 | 13.92 | 1814864000.0000 | 15.09 | 465736000.0000 | 21.50 | 381887000.0000 | 20.87 |
| 200909 | 1764556000.0000 | 8.27 | 774523000.0000 | 11.19 | 152573000.0000 | 39.48 | 123913000.0000 | 41.35 |
| 200903 | 3608990000.0000 | 12.03 | 1576866000.0000 | 13.49 | 383311000.0000 | 10.29 | 315951000.0000 | -9.27 |
| 200809 | 1629767000.0000 | 16.49 | 696588000.0000 | 17.91 | 109387000.0000 | -0.95 | 87663000.0000 | -3.32 |
| 200803 | 3221429000.0000 | 20.35 | 1389480000.0000 | 22.05 | 347555000.0000 | 28.46 | 348213000.0000 | 57.00 |
| 200709 | 1399012000.0000 | 4.35 | 590767000.0000 | 2.49 | 110431000.0000 | 18.25 | 90672000.0000 | 20.40 |
| 200703 | 2676816000.0000 | 2.15 | 1138413000.0000 | 4.75 | 270557000.0000 | 21.54 | 221793000.0000 | 19.78 |
| 200609 | 1340694000.0000 | 14.56 | 576438000.0000 | 11.44 | 93391000.0000 | 16.55 | 75309000.0000 | 11.09 |
| 200603 | 2620586000.0000 | 13.26 | 1086781000.0000 | 9.57 | 222610000.0000 | -9.37 | 185171000.0000 | -8.36 |
| 200509 | 1170348000.0000 | 14.51 | 517263000.0000 | 17.95 | 80130000.0000 | -10.44 | 67794000.0000 | -4.71 |
| 200503 | 2313706000.0000 | 22.85 | 991889000.0000 | 23.32 | 245616000.0000 | 32.65 | 202056000.0000 | 33.75 |
| 200409 | 1022008000.0000 | 30.09 | 438550000.0000 | 30.21 | 89466000.0000 | 54.70 | 71145000.0000 | 46.20 |
| 200403 | 1883334000.0000 | 14.74 | 804314000.0000 | 10.29 | 185162000.0000 | 99.56 | 151075000.0000 | 121.45 |
| 200309 | 785612000.0000 | 3.32 | 336794000.0000 | -2.01 | 57833000.0000 | 69.51 | 48664000.0000 | 51.21 |
| 200303 | 1641385000.0000 | 6.76 | 729275000.0000 | 10.16 | 92787000.0000 | -244.54 | 68222000.0000 | -195.85 |
| 200209 | 760377000.0000 | 5.62 | 343697000.0000 | 8.71 | 34117000.0000 | 92.75 | 32183000.0000 | 116.11 |
| 200203 | 1537411000.0000 | 6.81 | 662026000.0000 | 4.32 | -64196000.0000 | -13.73 | -71175000.0000 | -15.52 |
| 200109 | 719929000.0000 | 7.63 | 316162000.0000 | 13.73 | 17700000.0000 | -61.08 | 14892000.0000 | -61.09 |
| 200103 | 1439369000.0000 | 9.32 | 634581000.0000 | 38.16 | -74410000.0000 | -194.18 | -84251000.0000 | -214.63 |
| 200009 | 668896000.0000 | -- | 277999000.0000 | -- | 45475000.0000 | -- | 38270000.0000 | -- |
| 200003 | 1316614000.0000 | -- | 459323000.0000 | -- | 79012000.0000 | -- | 73496000.0000 | -- |
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) |
| 202309 | 41.06 | -- | 5.09 | 9.02 | 1.44 | -- | 0.87 |
| 202303 | 40.03 | -- | -0.65 | 5.59 | 3.14 | -- | 1.58 |
| 202209 | 36.98 | -- | -6.04 | -15.95 | 1.47 | -- | 0.76 |
| 202203 | 36.94 | -- | -16.14 | -34.97 | 2.88 | -- | 1.64 |
| 202109 | 36.72 | -- | -8.03 | -15.81 | 1.22 | -- | 0.71 |
| 202103 | 34.57 | -- | -15.67 | -26.42 | 2.60 | -- | 1.21 |
| 202009 | 32.57 | -- | -10.20 | -16.9 | 1.05 | -- | 0.46 |
| 202003 | 39.12 | -- | -18.45 | -31 | 3.61 | -- | 1.83 |
| 201909 | 39.51 | -- | -0.83 | -1.51 | 1.42 | -- | 0.76 |
| 201903 | 42.22 | -- | 16.54 | 18.93 | 3.42 | -- | 2.46 |
| 201809 | 40.23 | -- | 6.62 | 7.64 | 1.45 | -- | 1.12 |
| 201803 | 42.08 | -- | 15.67 | 17.73 | 3.47 | -- | 2.24 |
| 201709 | 42.46 | -- | 4.69 | 4.69 | 1.68 | -- | 1.11 |
| 201703 | 41.59 | -- | 14.38 | 14.72 | 3.61 | -- | 2.58 |
| 201609 | 41.78 | -- | 3.80 | 4.04 | 1.53 | -- | 1.07 |
| 201603 | 43.29 | -- | 15.83 | 16.76 | 4.01 | -- | 2.62 |
| 201509 | 42.92 | -- | 6.12 | 7.02 | 1.35 | -- | 1.20 |
| 201503 | 44.92 | -- | 29.78 | 33.9 | 3.58 | -- | 2.65 |
| 201409 | 44.65 | -- | 12.14 | 15.07 | 1.46 | -- | 1.24 |
| 201403 | 46.52 | -- | 34.78 | 40.22 | 3.41 | -- | 2.70 |
| 201309 | 46.95 | -- | 14.53 | 18.33 | 1.33 | -- | 1.32 |
| 201303 | 46.39 | -- | 35.56 | 41.79 | 3.33 | -- | 2.74 |
| 201209 | 45.70 | -- | 14.03 | 17.51 | 1.39 | -- | 1.36 |
| 201203 | 45.22 | -- | 33.85 | 42.29 | 2.95 | -- | 2.60 |
| 201109 | 43.95 | -- | 12.82 | 17.07 | 1.41 | -- | 1.31 |
| 201103 | 45.13 | -- | 32.70 | 37.65 | 3.35 | -- | 2.61 |
| 201009 | 45.02 | -- | 12.84 | 15.72 | 1.48 | -- | 1.25 |
| 201003 | 44.14 | -- | 29.67 | 32.23 | 4.08 | -- | 2.62 |
| 200909 | 43.89 | -- | 10.41 | 12.07 | 1.55 | -- | 1.20 |
| 200903 | 43.69 | -- | 27.09 | 28.14 | 4.34 | -- | 2.55 |
| 200809 | 42.74 | -- | 8.06 | 8.89 | 1.45 | -- | 1.20 |
| 200803 | 43.13 | -- | 24.08 | 31.41 | 3.89 | -- | 2.23 |
| 200709 | 42.23 | -- | 7.45 | 10.02 | 1.47 | -- | 0.94 |
| 200703 | 42.53 | -- | 19.02 | 23.33 | 4.01 | -- | 1.88 |
| 200609 | 43.00 | -- | 6.93 | 8.89 | 1.56 | -- | 1.00 |
| 200603 | 41.47 | -- | 16.23 | 20.26 | 4.26 | -- | 1.91 |
| 200509 | 44.20 | -- | 5.95 | 7.94 | 1.71 | -- | 0.87 |
| 200503 | 42.87 | -- | 17.97 | 22.2 | 3.63 | -- | 1.69 |
| 200409 | 42.91 | -- | 7.07 | 8.63 | 1.63 | -- | 0.81 |
| 200403 | 42.71 | -- | 15.21 | 17.78 | 4.12 | -- | 1.55 |
| 200309 | 42.87 | -- | 5.00 | 6.35 | 1.77 | -- | 0.68 |
| 200303 | 44.43 | -- | 8.31 | 8.97 | 4.23 | -- | 1.47 |
| 200209 | 45.20 | -- | 3.13 | 4.38 | 1.91 | -- | 0.70 |
| 200203 | 43.06 | -- | -5.87 | -8.98 | 4.04 | -- | 1.41 |
| 200109 | 43.92 | -- | 1.49 | 1.65 | 1.47 | -- | 0.61 |
| 200103 | 44.09 | -- | -6.33 | -8.91 | 2.54 | -- | 1.22 |
| 200009 | 41.56 | -- | -- | -- | -- | -- | -- |
| 200003 | 34.89 | -- | 6.43 | 6.88 | 3.23 | -- | 1.07 |
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 |
| 202309 | 54.00 | 46.00 | -- | -- |
| 202303 | 52.96 | 47.04 | -- | -- |
| 202209 | 59.09 | 40.91 | -- | -- |
| 202203 | 52.90 | 47.10 | -- | -- |
| 202109 | 48.89 | 51.11 | -- | -- |
| 202103 | 47.02 | 52.98 | -- | -- |
| 202009 | 48.74 | 51.26 | -- | -- |
| 202003 | 49.06 | 50.94 | -- | -- |
| 201909 | 47.31 | 52.69 | -- | -- |
| 201903 | 27.00 | 73.00 | -- | -- |
| 201809 | 28.42 | 71.58 | -- | -- |
| 201803 | 30.59 | 69.41 | -- | -- |
| 201709 | 27.16 | 72.84 | -- | -- |
| 201703 | 24.24 | 75.76 | -- | -- |
| 201609 | 29.70 | 70.30 | -- | -- |
| 201603 | 22.99 | 77.01 | -- | -- |
| 201509 | 30.98 | 69.02 | -- | -- |
| 201503 | 27.01 | 72.99 | -- | -- |
| 201409 | 33.71 | 66.29 | -- | -- |
| 201403 | 28.18 | 71.82 | -- | -- |
| 201309 | 34.08 | 65.92 | -- | -- |
| 201303 | 29.38 | 70.62 | -- | -- |
| 201209 | 35.09 | 64.91 | -- | -- |
| 201203 | 33.88 | 66.12 | -- | -- |
| 201109 | 38.30 | 61.70 | -- | -- |
| 201103 | 27.91 | 72.09 | -- | -- |
| 201009 | 33.17 | 66.83 | -- | -- |
| 201003 | 24.51 | 75.49 | -- | -- |
| 200909 | 29.94 | 70.06 | -- | -- |
| 200903 | 20.66 | 79.34 | -- | -- |
| 200809 | 27.36 | 72.64 | -- | -- |
| 200803 | 23.19 | 76.81 | -- | -- |
| 200709 | 38.96 | 61.04 | -- | -- |
| 200703 | 33.18 | 66.82 | -- | -- |
| 200609 | 37.07 | 62.93 | -- | -- |
| 200603 | 33.38 | 66.62 | -- | -- |
| 200509 | 36.53 | 63.47 | -- | -- |
| 200503 | 33.40 | 66.60 | -- | -- |
| 200409 | 34.79 | 65.21 | -- | -- |
| 200403 | 30.20 | 69.80 | -- | -- |
| 200309 | 33.76 | 66.24 | -- | -- |
| 200303 | 31.90 | 68.10 | -- | -- |
| 200209 | 32.41 | 67.59 | -- | -- |
| 200203 | 27.02 | 72.98 | -- | -- |
| 200109 | 26.23 | 73.77 | -- | -- |
| 200103 | 22.33 | 77.67 | -- | -- |
| 200009 | -- | -- | -- | -- |
| 200003 | 13.07 | 86.93 | -- | -- |
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) |
| 202309 | 1263959000.0000 | -- | 115292000.0000 | 9356000.0000 |
| 202303 | 2099165000.0000 | -- | 244833000.0000 | 15847000.0000 |
| 202209 | 977189000.0000 | -- | 124495000.0000 | 7428000.0000 |
| 202203 | 2152181000.0000 | -- | 249191000.0000 | 8729000.0000 |
| 202109 | 1010716000.0000 | -- | 121600000.0000 | 4286000.0000 |
| 202103 | 1991198000.0000 | -- | 208533000.0000 | 10000000.0000 |
| 202009 | 867212000.0000 | -- | 112309000.0000 | 4874000.0000 |
| 202003 | 3634818000.0000 | -- | 278868000.0000 | 8573000.0000 |
| 201909 | 2113505000.0000 | -- | 145849000.0000 | 3327000.0000 |
| 201903 | 4839967000.0000 | -- | 309155000.0000 | -20558000.0000 |
| 201809 | 2478982000.0000 | -- | 163741000.0000 | -10638000.0000 |
| 201803 | 4643747000.0000 | -- | 315474000.0000 | -11778000.0000 |
| 201709 | 2052572000.0000 | -- | 150165000.0000 | -4978000.0000 |
| 201703 | 4410565000.0000 | -- | 307067000.0000 | -9980000.0000 |
| 201609 | 2097055000.0000 | -- | 161912000.0000 | -5268000.0000 |
| 201603 | 4418416000.0000 | -- | 341694000.0000 | -9380000.0000 |
| 201509 | 2156275000.0000 | -- | 176808000.0000 | -5775000.0000 |
| 201503 | 4953590000.0000 | -- | 349957000.0000 | -17704000.0000 |
| 201409 | 2339129000.0000 | -- | 184183000.0000 | -10365000.0000 |
| 201403 | 4683118000.0000 | -- | 341209000.0000 | -12457000.0000 |
| 201309 | 2068384000.0000 | -- | 167618000.0000 | -5540000.0000 |
| 201303 | 4111454000.0000 | -- | 271659000.0000 | -7509000.0000 |
| 201209 | 1833851000.0000 | -- | 133742000.0000 | -3616000.0000 |
| 201203 | 3508440000.0000 | -- | 207474000.0000 | -6419000.0000 |
| 201109 | 1561618000.0000 | -- | 97928000.0000 | -3675000.0000 |
| 201103 | 2689484000.0000 | -- | 181435000.0000 | -5259000.0000 |
| 201009 | 1154149000.0000 | -- | 91923000.0000 | -2830000.0000 |
| 201003 | 2296481000.0000 | -- | 165510000.0000 | -6412000.0000 |
| 200909 | 990033000.0000 | -- | 85293000.0000 | -4133000.0000 |
| 200903 | 2032124000.0000 | -- | 170581000.0000 | -13196000.0000 |
| 200809 | 933179000.0000 | -- | 89233000.0000 | -8345000.0000 |
| 200803 | 1831949000.0000 | -- | 145169000.0000 | -24822000.0000 |
| 200709 | 808245000.0000 | -- | 68041000.0000 | -13341000.0000 |
| 200703 | 1538403000.0000 | -- | 131176000.0000 | -23083000.0000 |
| 200609 | 764256000.0000 | -- | 67750000.0000 | -13056000.0000 |
| 200603 | 1533805000.0000 | -- | 126178000.0000 | -17518000.0000 |
| 200509 | 653085000.0000 | -- | 225409000.0000 | 20615000.0000 |
| 200503 | 1321817000.0000 | -- | 424405000.0000 | -4062000.0000 |
| 200409 | 583458000.0000 | -- | 186965000.0000 | -251000.0000 |
| 200403 | 1079020000.0000 | -- | 332399000.0000 | 2000.0000 |
| 200309 | 448818000.0000 | -- | 148471000.0000 | 2000.0000 |
| 200303 | 912110000.0000 | -- | 337370000.0000 | 237000.0000 |
| 200209 | 416680000.0000 | -- | 167669000.0000 | 123000.0000 |
| 200203 | 875385000.0000 | -- | 352786000.0000 | 289000.0000 |
| 200109 | 403767000.0000 | -- | 166137000.0000 | 212000.0000 |
| 200103 | 804788000.0000 | -- | 326576000.0000 | 266000.0000 |
| 200009 | 390897000.0000 | -- | 137669000.0000 | 48000.0000 |
| 200003 | 857291000.0000 | -- | 232312000.0000 | 190000.0000 |