中商官网
研究报告
乐声电子（HK0213）
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 （%) |
| 202403 | 578222575.0000 | 15.34 | 120927099.0000 | 12.18 | 42243499.0000 | -35.50 | 41133258.0000 | -15.83 |
| 202309 | 269381000.0000 | 1.16 | 57416000.0000 | 26.00 | 17337000.0000 | -27.68 | 20242000.0000 | -5.10 |
| 202303 | 501313169.0000 | -27.82 | 107799872.0000 | 22.75 | 65498446.0000 | -22.09 | 48869383.0000 | -46.51 |
| 202209 | 266291000.0000 | -28.82 | 45569000.0000 | 0.82 | 23974000.0000 | -62.36 | 21330000.0000 | -66.86 |
| 202203 | 694563912.0000 | -51.86 | 87821864.0000 | -45.32 | 84073501.0000 | -6.13 | 91356972.0000 | -21.42 |
| 202109 | 374119000.0000 | -65.97 | 45200000.0000 | -61.07 | 63696000.0000 | -36.76 | 64354000.0000 | -17.77 |
| 202103 | 1442829063.0000 | 114.11 | 160600989.0000 | 40.85 | 89563727.0000 | -27.62 | 116262504.0000 | -3.78 |
| 202009 | 1099391000.0000 | 187.24 | 116097000.0000 | 61.25 | 100714000.0000 | 65.37 | 78260000.0000 | 23.77 |
| 202003 | 673878931.0000 | -23.55 | 114026154.0000 | -29.15 | 123738236.0000 | -58.74 | 120824879.0000 | -45.53 |
| 201909 | 382738000.0000 | -19.29 | 71998000.0000 | -10.12 | 60901000.0000 | -18.30 | 63229000.0000 | -11.45 |
| 201903 | 881447549.0000 | -37.30 | 160943090.0000 | -7.87 | 299910448.0000 | 17.95 | 221825779.0000 | 1.43 |
| 201809 | 474242000.0000 | -11.45 | 80104000.0000 | 0.44 | 74541000.0000 | -11.71 | 71408000.0000 | -5.09 |
| 201803 | 1405711077.0000 | 39.32 | 174694714.0000 | 14.87 | 254272043.0000 | 50.75 | 218708930.0000 | 50.67 |
| 201709 | 535557000.0000 | -1.88 | 79751000.0000 | 14.75 | 84429000.0000 | 67.82 | 75239000.0000 | 49.61 |
| 201703 | 1008976044.0000 | -12.22 | 152080109.0000 | -15.50 | 168668281.0000 | -32.92 | 145158827.0000 | -40.69 |
| 201609 | 545804000.0000 | -15.63 | 69501000.0000 | -35.49 | 50308000.0000 | 64.42 | 50290000.0000 | 64.39 |
| 201603 | 1149450963.0000 | -19.74 | 179966688.0000 | -24.17 | 251433283.0000 | 89.46 | 244730955.0000 | 83.91 |
| 201509 | 646944000.0000 | -22.65 | 107729000.0000 | -28.08 | 30598000.0000 | -62.56 | 30591000.0000 | -62.38 |
| 201503 | 1432142078.0000 | 22.27 | 237331798.0000 | 46.56 | 132712084.0000 | -40.66 | 133074103.0000 | -41.76 |
| 201409 | 836368000.0000 | 43.44 | 149788000.0000 | 63.11 | 81732000.0000 | 12.02 | 81326000.0000 | 14.34 |
| 201403 | 1171313881.0000 | 0.30 | 161929858.0000 | -8.77 | 223636228.0000 | -26.83 | 228475853.0000 | -22.93 |
| 201309 | 583097000.0000 | -2.14 | 91835000.0000 | -6.95 | 72963000.0000 | -74.29 | 71125000.0000 | -74.51 |
| 201303 | 1167853958.0000 | -9.80 | 177504853.0000 | -5.89 | 305630006.0000 | 72.43 | 296465353.0000 | 73.06 |
| 201209 | 595819000.0000 | -7.85 | 98690000.0000 | -7.63 | 283785000.0000 | 74.46 | 279026000.0000 | 78.36 |
| 201203 | 1294715363.0000 | 2.32 | 188621691.0000 | 24.78 | 177252236.0000 | -43.35 | 171306004.0000 | -39.66 |
| 201109 | 646547000.0000 | 1.06 | 106841000.0000 | 64.25 | 162662000.0000 | 88.99 | 156438000.0000 | 128.81 |
| 201103 | 1265369127.0000 | 13.62 | 151167536.0000 | 14.93 | 312874531.0000 | 132.67 | 283912424.0000 | 133.26 |
| 201009 | 639756000.0000 | 20.85 | 65046000.0000 | -3.13 | 86070000.0000 | 20.37 | 68371000.0000 | 8.96 |
| 201003 | 1113703911.0000 | -51.61 | 131530915.0000 | -49.66 | 134470531.0000 | -2.24 | 121716313.0000 | 11.84 |
| 200909 | 529396000.0000 | -69.71 | 67151000.0000 | -63.99 | 71506000.0000 | -61.50 | 62749000.0000 | -54.89 |
| 200903 | 2301703974.0000 | 83.15 | 261294426.0000 | 34.28 | 137545357.0000 | -39.30 | 108831486.0000 | -48.58 |
| 200809 | 1747918000.0000 | 206.27 | 186486000.0000 | 169.87 | 185735000.0000 | 142.25 | 139093000.0000 | 91.29 |
| 200803 | 1256702994.0000 | 17.86 | 194595099.0000 | 67.04 | 226604742.0000 | 87.97 | 211648779.0000 | 86.86 |
| 200709 | 570707000.0000 | 1.01 | 69103000.0000 | 8.61 | 76671000.0000 | -8.15 | 72713000.0000 | -10.15 |
| 200703 | 1066224323.0000 | 1.98 | 116493790.0000 | 22.12 | 120555287.0000 | 94.68 | 113266470.0000 | 88.45 |
| 200609 | 565002000.0000 | 3.86 | 63627000.0000 | 11.47 | 83471000.0000 | 221.02 | 80930000.0000 | 233.91 |
| 200603 | 1045505970.0000 | 1.80 | 95393590.0000 | -10.85 | 61925018.0000 | 2.13 | 60104762.0000 | 4.22 |
| 200509 | 544028000.0000 | 4.82 | 57082000.0000 | 1.91 | 26002000.0000 | 24.22 | 24237000.0000 | 20.99 |
| 200503 | 1026973336.0000 | 9.94 | 106999707.0000 | 21.51 | 60631928.0000 | 17.14 | 57672762.0000 | 12.66 |
| 200409 | 518992000.0000 | 18.43 | 56011000.0000 | 37.59 | 20933000.0000 | 143.32 | 20033000.0000 | 142.85 |
| 200403 | 934119101.0000 | 34.74 | 88060096.0000 | 19.87 | 51761618.0000 | 1819.28 | 51193421.0000 | 1759.37 |
| 200309 | 438235000.0000 | 32.07 | 40710000.0000 | 8.64 | 8603000.0000 | 79.60 | 8249000.0000 | 93.96 |
| 200303 | 693295745.0000 | -20.52 | 73462419.0000 | -14.66 | 2696925.0000 | -106.47 | 2753269.0000 | -106.14 |
| 200209 | 331820000.0000 | -37.74 | 37472000.0000 | -30.02 | 4790000.0000 | -29.03 | 4253000.0000 | -9.61 |
| 200203 | 872338673.0000 | -26.63 | 86085187.0000 | -38.66 | -41686158.0000 | 53.71 | -44819704.0000 | 14.99 |
| 200109 | 532923000.0000 | -30.75 | 53543000.0000 | 14.02 | 6749000.0000 | -4.01 | 4705000.0000 | -24.83 |
| 200103 | 1188956171.0000 | -3.40 | 140340464.0000 | 14.02 | -27119986.0000 | -22.81 | -38975888.0000 | 8.47 |
| 200009 | 769612000.0000 | -- | 46961000.0000 | -- | 7031000.0000 | -- | 6259000.0000 | -- |
| 200003 | 1230777581.0000 | -- | 123086373.0000 | -- | -35135451.0000 | -- | -35933625.0000 | -- |
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) |
| 202403 | 20.91 | -- | 0.49 | 1.61 | 0.21 | -- | 0.07 |
| 202309 | 21.31 | -- | 0.20 | 0.8 | 0.11 | -- | 0.03 |
| 202303 | 21.50 | -- | 0.77 | 1.92 | 0.23 | -- | 0.06 |
| 202209 | 17.11 | -- | 0.29 | 0.85 | 0.15 | -- | 0.03 |
| 202203 | 12.64 | -- | 1.01 | 3.49 | 0.41 | -- | 0.08 |
| 202109 | 12.08 | -- | 0.80 | 2.48 | 0.25 | -- | 0.05 |
| 202103 | 11.13 | -- | 1.22 | 4.55 | 1.35 | -- | 0.20 |
| 202009 | 10.56 | -- | 1.29 | 3.15 | 1.22 | -- | 0.14 |
| 202003 | 16.92 | -- | 1.73 | 5.03 | 0.42 | -- | 0.09 |
| 201909 | 18.81 | -- | 0.86 | 2.62 | 0.26 | -- | 0.05 |
| 201903 | 18.26 | -- | 4.35 | 9.34 | 0.71 | -- | 0.13 |
| 201809 | 16.89 | -- | 1.18 | 3.18 | 0.64 | -- | 0.08 |
| 201803 | 12.43 | -- | 4.07 | 9.8 | 2.17 | -- | 0.23 |
| 201709 | 14.89 | -- | 1.29 | 3.57 | 0.49 | -- | 0.08 |
| 201703 | 15.07 | -- | 2.82 | 7.14 | 1.16 | -- | 0.17 |
| 201609 | 12.73 | -- | 0.88 | 2.58 | 0.96 | -- | 0.10 |
| 201603 | 15.66 | -- | 4.83 | 12.59 | 2.11 | -- | 0.22 |
| 201509 | 16.65 | -- | 0.53 | 1.78 | 0.32 | -- | 0.11 |
| 201503 | 16.57 | -- | 2.52 | 7.63 | 0.91 | -- | 0.27 |
| 201409 | 17.91 | -- | 1.53 | 4.61 | 0.52 | -- | 0.16 |
| 201403 | 13.82 | -- | 5.56 | 13.22 | 0.72 | -- | 0.29 |
| 201309 | 15.75 | -- | 1.94 | 4.47 | 0.36 | -- | 0.16 |
| 201303 | 15.20 | -- | 8.52 | 18.65 | 0.75 | -- | 0.33 |
| 201209 | 16.56 | -- | 7.91 | 17.36 | 0.39 | -- | 0.17 |
| 201203 | 14.57 | -- | 6.56 | 12.33 | 2.92 | -- | 0.48 |
| 201109 | 16.52 | -- | 6.39 | 11.98 | 1.49 | -- | 0.25 |
| 201103 | 11.95 | -- | 11.53 | 23.2 | 3.26 | -- | 0.47 |
| 201009 | 10.17 | -- | 3.58 | 7.71 | 1.73 | -- | 0.27 |
| 201003 | 11.81 | -- | 6.22 | 14.55 | 2.86 | -- | 0.52 |
| 200909 | 12.68 | -- | 3.59 | 8.08 | 1.85 | -- | 0.27 |
| 200903 | 11.35 | -- | 6.50 | 15.05 | 7.57 | -- | 1.09 |
| 200809 | 10.67 | -- | 7.98 | 17.73 | 3.26 | -- | 0.75 |
| 200803 | 15.48 | -- | 7.27 | 31.66 | 0.75 | -- | 0.40 |
| 200709 | 12.11 | -- | 2.95 | 13.31 | 0.37 | -- | 0.22 |
| 200703 | 10.93 | -- | 6.26 | 22.4 | 0.87 | -- | 0.55 |
| 200609 | 11.26 | -- | 4.84 | 16.83 | 0.54 | -- | 0.33 |
| 200603 | 9.12 | -- | 3.95 | 14.12 | 1.00 | -- | 0.67 |
| 200509 | 10.49 | -- | 1.85 | 6.25 | 1.69 | -- | 0.39 |
| 200503 | 10.42 | -- | 5.14 | 15.48 | 1.26 | -- | 0.87 |
| 200409 | 10.79 | -- | 2.07 | 5.88 | 1.74 | -- | 0.51 |
| 200403 | 9.43 | -- | 5.70 | 15.39 | 3.36 | -- | 1.03 |
| 200309 | 9.29 | -- | 1.03 | 2.78 | 2.23 | -- | 0.52 |
| 200303 | 10.60 | -- | 0.35 | 0.94 | 3.70 | -- | 0.89 |
| 200209 | 11.29 | -- | 0.67 | 1.4 | 3.18 | -- | 0.46 |
| 200203 | 9.87 | -- | -5.84 | -15.34 | 6.37 | -- | 1.22 |
| 200109 | 10.05 | -- | 0.81 | 1.34 | 2.37 | -- | 0.64 |
| 200103 | 11.80 | -- | -3.37 | -11.06 | 6.62 | -- | 1.48 |
| 200009 | 6.10 | -- | -- | -- | -- | -- | -- |
| 200003 | 10.00 | -- | -2.90 | -9.1 | 2.34 | -- | 1.02 |
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 |
| 202403 | 70.30 | 29.70 | -- | -- |
| 202309 | 70.61 | 29.39 | -- | -- |
| 202303 | 70.07 | 29.93 | -- | -- |
| 202209 | 69.49 | 30.51 | -- | -- |
| 202203 | 68.62 | 31.38 | -- | -- |
| 202109 | 67.44 | 32.56 | -- | -- |
| 202103 | 65.25 | 34.75 | -- | -- |
| 202009 | 68.25 | 31.75 | -- | -- |
| 202003 | 66.42 | 33.58 | -- | -- |
| 201909 | 65.75 | 34.25 | -- | -- |
| 201903 | 65.54 | 34.46 | -- | -- |
| 201809 | 64.32 | 35.68 | -- | -- |
| 201803 | 64.26 | 35.74 | -- | -- |
| 201709 | 67.87 | 32.13 | -- | -- |
| 201703 | 66.00 | 34.00 | -- | -- |
| 201609 | 65.81 | 34.19 | -- | -- |
| 201603 | 62.67 | 37.33 | -- | -- |
| 201509 | 70.30 | 29.70 | -- | -- |
| 201503 | 66.94 | 33.06 | -- | -- |
| 201409 | 66.95 | 33.05 | -- | -- |
| 201403 | 57.05 | 42.95 | -- | -- |
| 201309 | 57.65 | 42.35 | -- | -- |
| 201303 | 55.69 | 44.31 | -- | -- |
| 201209 | 55.18 | 44.82 | -- | -- |
| 201203 | 48.57 | 51.43 | -- | -- |
| 201109 | 48.73 | 51.27 | -- | -- |
| 201103 | 54.90 | 45.10 | -- | -- |
| 201009 | 63.12 | 36.88 | -- | -- |
| 201003 | 61.29 | 38.71 | -- | -- |
| 200909 | 61.03 | 38.97 | -- | -- |
| 200903 | 65.83 | 34.17 | -- | -- |
| 200809 | 66.29 | 33.71 | -- | -- |
| 200803 | 78.55 | 21.45 | -- | -- |
| 200709 | 78.98 | 21.02 | -- | -- |
| 200703 | 73.75 | 26.25 | -- | -- |
| 200609 | 72.08 | 27.92 | -- | -- |
| 200603 | 72.83 | 27.17 | -- | -- |
| 200509 | 72.42 | 27.58 | -- | -- |
| 200503 | 68.40 | 31.60 | -- | -- |
| 200409 | 66.37 | 33.63 | -- | -- |
| 200403 | 63.40 | 36.60 | -- | -- |
| 200309 | 64.65 | 35.35 | -- | -- |
| 200303 | 62.36 | 37.64 | -- | -- |
| 200209 | 57.71 | 42.29 | -- | -- |
| 200203 | 59.11 | 40.89 | -- | -- |
| 200109 | 58.01 | 41.99 | -- | -- |
| 200103 | 56.17 | 43.83 | -- | -- |
| 200009 | -- | -- | -- | -- |
| 200003 | 67.37 | 32.63 | -- | -- |
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) |
| 202403 | 457295476.0000 | -- | 98612027.0000 | 213297264.0000 |
| 202309 | 211965000.0000 | -- | 51979000.0000 | 105545000.0000 |
| 202303 | 393513297.0000 | -- | 170207429.0000 | 140265781.0000 |
| 202209 | 220722000.0000 | -- | 87972000.0000 | 48746000.0000 |
| 202203 | 606742048.0000 | -- | 115232784.0000 | 74851187.0000 |
| 202109 | 328919000.0000 | -- | 56098000.0000 | 36021000.0000 |
| 202103 | 1282228074.0000 | -- | 117599009.0000 | 78950881.0000 |
| 202009 | 983294000.0000 | -- | 50486000.0000 | 41976000.0000 |
| 202003 | 559852777.0000 | -- | 142780411.0000 | 115362915.0000 |
| 201909 | 310740000.0000 | -- | 90250000.0000 | 58494000.0000 |
| 201903 | 720504459.0000 | -- | 201071032.0000 | 90375429.0000 |
| 201809 | 394138000.0000 | -- | 84234000.0000 | 42124000.0000 |
| 201803 | 1231016363.0000 | -- | 159006311.0000 | 76025841.0000 |
| 201709 | 455806000.0000 | -- | 66513000.0000 | 34094000.0000 |
| 201703 | 856895935.0000 | -- | 153506173.0000 | 75794029.0000 |
| 201609 | 476303000.0000 | -- | 54751000.0000 | 34893000.0000 |
| 201603 | 969484275.0000 | -- | 174129557.0000 | 67189564.0000 |
| 201509 | 539215000.0000 | -- | 49497000.0000 | 30195000.0000 |
| 201503 | 1194810280.0000 | -- | 151395027.0000 | 59530679.0000 |
| 201409 | 686580000.0000 | -- | 72822000.0000 | 28234000.0000 |
| 201403 | 1009384023.0000 | -- | 211687418.0000 | 29084270.0000 |
| 201309 | 491262000.0000 | -- | 102332000.0000 | 13392000.0000 |
| 201303 | 990349105.0000 | -- | 182217578.0000 | 24212583.0000 |
| 201209 | 497129000.0000 | -- | 124221000.0000 | 11930000.0000 |
| 201203 | 1106093672.0000 | -- | 183898579.0000 | 20832526.0000 |
| 201109 | 539706000.0000 | -- | 72470000.0000 | 9699000.0000 |
| 201103 | 1114201591.0000 | -- | 173307681.0000 | 20380190.0000 |
| 201009 | 574710000.0000 | -- | 59289000.0000 | 9270000.0000 |
| 201003 | 982172996.0000 | -- | 124781955.0000 | 15321717.0000 |
| 200909 | 462245000.0000 | -- | 43778000.0000 | 11284000.0000 |
| 200903 | 2040409548.0000 | -- | 145716267.0000 | 27525838.0000 |
| 200809 | 1561432000.0000 | -- | 45700000.0000 | 7187000.0000 |
| 200803 | 1062107895.0000 | -- | 108112983.0000 | 31768680.0000 |
| 200709 | 501604000.0000 | -- | 42475000.0000 | 14114000.0000 |
| 200703 | 949730533.0000 | -- | 92819771.0000 | 22879746.0000 |
| 200609 | 501375000.0000 | -- | 48904000.0000 | 9746000.0000 |
| 200603 | 950112380.0000 | -- | 67072947.0000 | 14986831.0000 |
| 200509 | 486946000.0000 | -- | 28207000.0000 | 5219000.0000 |
| 200503 | 919973629.0000 | -- | 63231151.0000 | 6075492.0000 |
| 200409 | 462981000.0000 | -- | 26795000.0000 | 4628000.0000 |
| 200403 | 846059005.0000 | -- | 61316098.0000 | 5830278.0000 |
| 200309 | 397525000.0000 | -- | 27644000.0000 | 2888000.0000 |
| 200303 | 619833326.0000 | -- | 60004643.0000 | 6939311.0000 |
| 200209 | 294348000.0000 | -- | 26242000.0000 | 4136000.0000 |
| 200203 | 786253486.0000 | -- | 74377722.0000 | 13768240.0000 |
| 200109 | 479380000.0000 | -- | 37443000.0000 | 7782000.0000 |
| 200103 | 1048615707.0000 | -- | 96210333.0000 | 24830979.0000 |
| 200009 | 722651000.0000 | -- | 29252000.0000 | 10711000.0000 |
| 200003 | 1107691208.0000 | -- | 91589216.0000 | 23957033.0000 |