中商官网
研究报告
和记电讯香港（HK0215）
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) |
| 2006 | 6607000000.0000 | 6160000000.0000 | 249000000.0000 | 290000000.0000 | 20239000000.0000 | 23871000000.0000 | -3632000000.0000 |
| 2007 | 7249000000.0000 | 6811000000.0000 | 321000000.0000 | 267000000.0000 | 18619000000.0000 | 21928000000.0000 | -3309000000.0000 |
| 2008 | 8124000000.0000 | 7426000000.0000 | 291000000.0000 | 230000000.0000 | 17868000000.0000 | 21429000000.0000 | -3561000000.0000 |
| 2009 | 8449000000.0000 | 7693000000.0000 | 591000000.0000 | 468000000.0000 | 17754000000.0000 | 8410000000.0000 | 9344000000.0000 |
| 2010 | 9880000000.0000 | 8104000000.0000 | 963000000.0000 | 755000000.0000 | 18176000000.0000 | 8374000000.0000 | 9802000000.0000 |
| 2011 | 13407000000.0000 | 8744000000.0000 | 1310000000.0000 | 1020000000.0000 | 20086000000.0000 | 9673000000.0000 | 10413000000.0000 |
| 2012 | 15536000000.0000 | 9028000000.0000 | 1569000000.0000 | 1215000000.0000 | 20900000000.0000 | 9809000000.0000 | 11091000000.0000 |
| 2013 | 12777000000.0000 | 8834000000.0000 | 1167000000.0000 | 916000000.0000 | 21005000000.0000 | 9669000000.0000 | 11336000000.0000 |
| 2014 | 16296000000.0000 | 8583000000.0000 | 1168000000.0000 | 833000000.0000 | 20698000000.0000 | 8989000000.0000 | 11709000000.0000 |
| 2015 | 22042000000.0000 | 7979000000.0000 | 1293000000.0000 | 915000000.0000 | 21274000000.0000 | 9183000000.0000 | 12091000000.0000 |
| 2016 | 8332000000.0000 | 4019000000.0000 | 450000000.0000 | 682000000.0000 | 21749000000.0000 | 9688000000.0000 | 12061000000.0000 |
| 2017 | 6752000000.0000 | 3911000000.0000 | -1869000000.0000 | 4766000000.0000 | 22492000000.0000 | 6537000000.0000 | 15955000000.0000 |
| 2018 | 7912000000.0000 | 3711000000.0000 | 505000000.0000 | 404000000.0000 | 18338000000.0000 | 2191000000.0000 | 16147000000.0000 |
| 2019 | 5582000000.0000 | 3641000000.0000 | 535000000.0000 | 429000000.0000 | 14476000000.0000 | 2513000000.0000 | 11963000000.0000 |
| 2020 | 4545000000.0000 | 3307000000.0000 | 444000000.0000 | 361000000.0000 | 14814000000.0000 | 2767000000.0000 | 12047000000.0000 |
| 2021 | 5385000000.0000 | 3303000000.0000 | 86000000.0000 | 4000000.0000 | 15446000000.0000 | 4631000000.0000 | 10815000000.0000 |
| 2022 | 4882000000.0000 | 3311000000.0000 | -109000000.0000 | -158000000.0000 | 14956000000.0000 | 4687000000.0000 | 10269000000.0000 |
| 2023 | 4896000000.0000 | 3556000000.0000 | 26000000.0000 | -52000000.0000 | 14560000000.0000 | 4702000000.0000 | 9858000000.0000 |
| 2024 | 4782000000.0000 | 3582000000.0000 | 85000000.0000 | 6000000.0000 | 13970000000.0000 | 4437000000.0000 | 9533000000.0000 |
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) |
| 2006 | 93.23 | 3.7700 | 1.23 | -9.5800 | 3.31 | -- | 0.33 |
| 2007 | 93.96 | 4.4300 | 1.72 | -9.7900 | 2.67 | -- | 0.39 |
| 2008 | 91.41 | 3.7200 | 1.63 | -7.8000 | 3.86 | -- | 0.45 |
| 2009 | 91.05 | 7.1800 | 3.33 | 4.7300 | 4.73 | -- | 0.48 |
| 2010 | 82.02 | 9.9600 | 5.30 | 7.4000 | 7.43 | -- | 0.54 |
| 2011 | 65.22 | 9.8000 | 6.52 | 9.6400 | 15.60 | -- | 0.67 |
| 2012 | 58.11 | 10.1200 | 7.51 | 11.0800 | 32.38 | -- | 0.74 |
| 2013 | 69.14 | 9.2300 | 5.56 | 8.3000 | 23.06 | -- | 0.61 |
| 2014 | 52.67 | 7.3800 | 5.64 | 7.3800 | 54.32 | -- | 0.79 |
| 2015 | 36.20 | 6.0200 | 6.08 | 7.9400 | 23.80 | -- | 1.04 |
| 2016 | 48.24 | 5.4500 | 2.07 | 5.9400 | 33.96 | -- | 0.38 |
| 2017 | 57.92 | -27.5900 | -8.31 | 30.0800 | 22.73 | -- | 0.30 |
| 2018 | 46.90 | 6.4300 | 2.75 | 2.5300 | 39.26 | -- | 0.43 |
| 2019 | 65.23 | 9.6600 | 3.70 | 3.5900 | 35.29 | -- | 0.39 |
| 2020 | 72.76 | 9.8600 | 3.00 | 3.0000 | 13.46 | -- | 0.31 |
| 2021 | 61.34 | 1.6700 | 0.56 | 0.0400 | 21.69 | -- | 0.35 |
| 2022 | 67.82 | -2.1500 | -0.73 | -1.5400 | 15.71 | -- | 0.33 |
| 2023 | 72.63 | 0.6100 | 0.18 | -0.5300 | 13.01 | -- | 0.34 |
| 2024 | 74.91 | 1.8600 | 0.61 | 0.0600 | 7.14 | -- | 0.34 |
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 |
| 2006 | 117.95 | -17.95 | 0.22 | 0.21 |
| 2007 | 117.77 | -17.77 | 0.09 | 0.08 |
| 2008 | 119.93 | -19.93 | 0.08 | 0.07 |
| 2009 | 47.37 | 52.63 | 0.46 | 0.41 |
| 2010 | 46.07 | 53.93 | 0.47 | 0.41 |
| 2011 | 48.16 | 51.84 | 0.27 | 0.23 |
| 2012 | 46.93 | 53.07 | 0.50 | 0.46 |
| 2013 | 46.03 | 53.97 | 0.57 | 0.52 |
| 2014 | 43.43 | 56.57 | 0.60 | 0.57 |
| 2015 | 43.17 | 56.83 | 0.81 | 0.67 |
| 2016 | 44.54 | 55.46 | 0.54 | 0.51 |
| 2017 | 29.06 | 70.94 | 2.38 | 2.36 |
| 2018 | 11.95 | 88.05 | 5.51 | 5.45 |
| 2019 | 17.36 | 82.64 | 3.18 | 3.15 |
| 2020 | 18.68 | 81.32 | 3.19 | 3.15 |
| 2021 | 29.98 | 70.02 | 2.32 | 2.28 |
| 2022 | 31.34 | 68.66 | 2.26 | 2.21 |
| 2023 | 32.29 | 67.71 | 2.24 | 2.19 |
| 2024 | 31.76 | 68.24 | 2.38 | 2.30 |
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) |
| 2006 | 447000000.0000 | -- | 2226000000.0000 | 265000000.0000 |
| 2007 | 438000000.0000 | -- | 2274000000.0000 | 359000000.0000 |
| 2008 | 698000000.0000 | -- | 2020000000.0000 | 206000000.0000 |
| 2009 | 756000000.0000 | -- | 1932000000.0000 | 180000000.0000 |
| 2010 | 1776000000.0000 | -- | 1733000000.0000 | 123000000.0000 |
| 2011 | 4663000000.0000 | -- | 2980000000.0000 | 118000000.0000 |
| 2012 | 6508000000.0000 | -- | 2739000000.0000 | 154000000.0000 |
| 2013 | 3943000000.0000 | -- | 2918000000.0000 | 160000000.0000 |
| 2014 | 7713000000.0000 | -- | 2733000000.0000 | 155000000.0000 |
| 2015 | 14063000000.0000 | -- | 2572000000.0000 | 103000000.0000 |
| 2016 | 4313000000.0000 | -- | 1559000000.0000 | 78000000.0000 |
| 2017 | 2841000000.0000 | -- | 3763000000.0000 | 60000000.0000 |
| 2018 | 4201000000.0000 | -- | 1302000000.0000 | -193000000.0000 |
| 2019 | 1941000000.0000 | -- | 1785000000.0000 | -153000000.0000 |
| 2020 | 1238000000.0000 | -- | 1600000000.0000 | -62000000.0000 |
| 2021 | 2082000000.0000 | -- | 1661000000.0000 | 30000000.0000 |
| 2022 | 1571000000.0000 | -- | 1834000000.0000 | 11000000.0000 |
| 2023 | 1340000000.0000 | -- | 1907000000.0000 | -116000000.0000 |
| 2024 | 1200000000.0000 | -- | 1946000000.0000 | -111000000.0000 |