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 （%) |
| 202406 | 2058000000.0000 | -11.60 | 1762000000.0000 | -2.38 | 19000000.0000 | 137.50 | -12000000.0000 | -36.84 |
| 202312 | 4896000000.0000 | 0.29 | 3556000000.0000 | 7.40 | 26000000.0000 | -123.85 | -52000000.0000 | -67.09 |
| 202306 | 2328000000.0000 | 1.31 | 1805000000.0000 | 14.60 | 8000000.0000 | -110.96 | -19000000.0000 | -80.21 |
| 202212 | 4882000000.0000 | -9.34 | 3311000000.0000 | 0.24 | -109000000.0000 | -226.74 | -158000000.0000 | -4050.00 |
| 202206 | 2298000000.0000 | -10.41 | 1575000000.0000 | -4.78 | -73000000.0000 | -198.65 | -96000000.0000 | -409.68 |
| 202112 | 5385000000.0000 | 18.48 | 3303000000.0000 | -0.12 | 86000000.0000 | -80.63 | 4000000.0000 | -98.89 |
| 202106 | 2565000000.0000 | 29.41 | 1654000000.0000 | -0.78 | 74000000.0000 | -60.43 | 31000000.0000 | -78.77 |
| 202012 | 4545000000.0000 | -18.58 | 3307000000.0000 | -9.17 | 444000000.0000 | -17.01 | 361000000.0000 | -15.85 |
| 202006 | 1982000000.0000 | -21.19 | 1667000000.0000 | -6.92 | 187000000.0000 | -21.76 | 146000000.0000 | -22.34 |
| 201912 | 5582000000.0000 | -29.45 | 3641000000.0000 | -1.89 | 535000000.0000 | 5.94 | 429000000.0000 | 6.19 |
| 201906 | 2515000000.0000 | -37.45 | 1791000000.0000 | -3.97 | 239000000.0000 | -8.43 | 188000000.0000 | -5.05 |
| 201812 | 7912000000.0000 | 17.18 | 3711000000.0000 | -5.11 | 505000000.0000 | -127.02 | 404000000.0000 | -91.52 |
| 201806 | 4021000000.0000 | 29.00 | 1865000000.0000 | -4.90 | 261000000.0000 | 57.23 | 198000000.0000 | -38.89 |
| 201712 | 6752000000.0000 | -18.96 | 3911000000.0000 | -2.69 | -1869000000.0000 | -515.33 | 4766000000.0000 | 598.83 |
| 201706 | 3117000000.0000 | -41.94 | 1961000000.0000 | -49.60 | 166000000.0000 | -65.34 | 324000000.0000 | -10.50 |
| 201612 | 8332000000.0000 | -62.20 | 4019000000.0000 | -49.63 | 450000000.0000 | -65.20 | 682000000.0000 | -25.46 |
| 201606 | 5369000000.0000 | -51.28 | 3891000000.0000 | -3.81 | 479000000.0000 | -33.47 | 362000000.0000 | -28.74 |
| 201512 | 22042000000.0000 | 35.26 | 7979000000.0000 | -7.04 | 1293000000.0000 | 10.70 | 915000000.0000 | 9.84 |
| 201506 | 11020000000.0000 | 76.97 | 4045000000.0000 | -2.93 | 720000000.0000 | 62.16 | 508000000.0000 | 57.28 |
| 201412 | 16296000000.0000 | 27.54 | 8583000000.0000 | -2.84 | 1168000000.0000 | 0.09 | 833000000.0000 | -9.06 |
| 201406 | 6227000000.0000 | 1.27 | 4167000000.0000 | -7.01 | 444000000.0000 | -39.92 | 323000000.0000 | -43.53 |
| 201312 | 12777000000.0000 | -17.76 | 8834000000.0000 | -2.15 | 1167000000.0000 | -25.62 | 916000000.0000 | -24.61 |
| 201306 | 6149000000.0000 | -8.63 | 4481000000.0000 | 2.75 | 739000000.0000 | 2.50 | 572000000.0000 | 1.78 |
| 201212 | 15536000000.0000 | 15.88 | 9028000000.0000 | 3.25 | 1569000000.0000 | 19.77 | 1215000000.0000 | 19.12 |
| 201206 | 6730000000.0000 | 11.83 | 4361000000.0000 | 3.19 | 721000000.0000 | 14.81 | 562000000.0000 | 13.77 |
| 201112 | 13407000000.0000 | 35.70 | 8744000000.0000 | 7.90 | 1310000000.0000 | 36.03 | 1020000000.0000 | 35.10 |
| 201106 | 6018000000.0000 | 40.51 | 4226000000.0000 | 6.05 | 628000000.0000 | 36.23 | 494000000.0000 | 36.84 |
| 201012 | 9880000000.0000 | 16.94 | 8104000000.0000 | 5.34 | 963000000.0000 | 62.94 | 755000000.0000 | 61.32 |
| 201006 | 4283000000.0000 | 4.54 | 3985000000.0000 | 4.37 | 461000000.0000 | 44.97 | 361000000.0000 | 41.02 |
| 200912 | 8449000000.0000 | 4.00 | 7693000000.0000 | 3.60 | 591000000.0000 | 103.09 | 468000000.0000 | 103.48 |
| 200906 | 4097000000.0000 | 8.30 | 3818000000.0000 | 4.75 | 318000000.0000 | -1.24 | 256000000.0000 | 3.64 |
| 200812 | 8124000000.0000 | 12.07 | 7426000000.0000 | 9.03 | 291000000.0000 | -9.35 | 230000000.0000 | -13.86 |
| 200806 | 3783000000.0000 | -- | 3645000000.0000 | -- | 322000000.0000 | -- | 247000000.0000 | -- |
| 200712 | 7249000000.0000 | 9.72 | 6811000000.0000 | 10.57 | 321000000.0000 | 28.92 | 267000000.0000 | -7.93 |
| 200612 | 6607000000.0000 | -- | 6160000000.0000 | -- | 249000000.0000 | -- | 290000000.0000 | -- |
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) |
| 202406 | 85.62 | -- | 0.13 | -0.13 | 4.11 | -- | 0.14 |
| 202312 | 72.63 | -- | 0.18 | -0.53 | 13.01 | -- | 0.34 |
| 202306 | 77.53 | -- | 0.05 | -0.19 | 7.58 | -- | 0.16 |
| 202212 | 67.82 | -- | -0.73 | -1.54 | 15.71 | -- | 0.33 |
| 202206 | 68.54 | -- | -0.48 | -0.92 | 12.25 | -- | 0.15 |
| 202112 | 61.34 | -- | 0.56 | 0.04 | 21.69 | -- | 0.35 |
| 202106 | 64.48 | -- | 0.50 | 0.26 | 8.93 | -- | 0.17 |
| 202012 | 72.76 | -- | 3.00 | 3 | 13.46 | -- | 0.31 |
| 202006 | 84.11 | -- | 1.26 | 1.22 | 4.57 | -- | 0.13 |
| 201912 | 65.23 | -- | 3.70 | 3.59 | 35.29 | -- | 0.39 |
| 201906 | 71.21 | -- | 1.67 | 1.59 | 10.34 | -- | 0.18 |
| 201812 | 46.90 | -- | 2.75 | 2.53 | 39.26 | -- | 0.43 |
| 201806 | 46.38 | -- | 1.42 | 1.24 | 20.73 | -- | 0.22 |
| 201712 | 57.92 | -- | -8.31 | 30.08 | 22.73 | -- | 0.30 |
| 201706 | 62.91 | -- | 0.78 | 2.82 | 7.97 | -- | 0.15 |
| 201612 | 48.24 | -- | 2.07 | 5.94 | 33.96 | -- | 0.38 |
| 201606 | 72.47 | -- | 2.31 | 3.16 | 12.74 | -- | 0.26 |
| 201512 | 36.20 | -- | 6.08 | 7.94 | 23.80 | -- | 1.04 |
| 201506 | 36.71 | -- | 3.42 | 4.46 | 52.84 | -- | 0.52 |
| 201412 | 52.67 | -- | 5.64 | 7.38 | 54.32 | -- | 0.79 |
| 201406 | 66.92 | -- | 2.15 | 2.94 | 19.07 | -- | 0.30 |
| 201312 | 69.14 | -- | 5.56 | 8.3 | 23.06 | -- | 0.61 |
| 201306 | 72.87 | -- | 3.50 | 5.25 | 9.70 | -- | 0.29 |
| 201212 | 58.11 | -- | 7.51 | 11.08 | 32.38 | -- | 0.74 |
| 201206 | 64.80 | -- | 3.58 | 5.28 | 7.52 | -- | 0.33 |
| 201112 | 65.22 | -- | 6.52 | 9.64 | 15.60 | -- | 0.67 |
| 201106 | 70.22 | -- | 3.22 | 4.76 | 6.20 | -- | 0.31 |
| 201012 | 82.02 | -- | 5.30 | 7.4 | 7.43 | -- | 0.54 |
| 201006 | 93.04 | -- | 2.62 | 3.63 | 2.66 | -- | 0.24 |
| 200912 | 91.05 | -- | 3.33 | 4.73 | 4.73 | -- | 0.48 |
| 200906 | 93.19 | -- | 1.77 | 2.64 | 2.38 | -- | 0.23 |
| 200812 | 91.41 | -- | 1.63 | -7.8 | 3.86 | -- | 0.45 |
| 200806 | 96.35 | -- | -- | -- | -- | -- | -- |
| 200712 | 93.96 | -- | 1.72 | -9.79 | 2.67 | -- | 0.39 |
| 200612 | 93.23 | -- | 1.23 | -9.58 | 3.31 | -- | 0.33 |
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 |
| 202406 | 32.56 | 67.44 | -- | -- |
| 202312 | 32.29 | 67.71 | -- | -- |
| 202306 | 32.22 | 67.78 | -- | -- |
| 202212 | 31.34 | 68.66 | -- | -- |
| 202206 | 30.82 | 69.18 | -- | -- |
| 202112 | 29.98 | 70.02 | -- | -- |
| 202106 | 20.55 | 79.45 | -- | -- |
| 202012 | 18.68 | 81.32 | -- | -- |
| 202006 | 19.39 | 80.61 | -- | -- |
| 201912 | 17.36 | 82.64 | -- | -- |
| 201906 | 17.10 | 82.90 | -- | -- |
| 201812 | 11.95 | 88.05 | -- | -- |
| 201806 | 12.27 | 87.73 | -- | -- |
| 201712 | 29.06 | 70.94 | -- | -- |
| 201706 | 43.76 | 56.24 | -- | -- |
| 201612 | 44.54 | 55.46 | -- | -- |
| 201606 | 42.13 | 57.87 | -- | -- |
| 201512 | 43.17 | 56.83 | -- | -- |
| 201506 | 43.52 | 56.48 | -- | -- |
| 201412 | 43.43 | 56.57 | -- | -- |
| 201406 | 45.30 | 54.70 | -- | -- |
| 201312 | 46.03 | 53.97 | -- | -- |
| 201306 | 47.22 | 52.78 | -- | -- |
| 201212 | 46.93 | 53.07 | -- | -- |
| 201206 | 47.36 | 52.64 | -- | -- |
| 201112 | 48.16 | 51.84 | -- | -- |
| 201106 | 48.38 | 51.62 | -- | -- |
| 201012 | 46.07 | 53.93 | -- | -- |
| 201006 | 46.17 | 53.83 | -- | -- |
| 200912 | 47.37 | 52.63 | -- | -- |
| 200906 | 49.22 | 50.78 | -- | -- |
| 200812 | 119.93 | -19.93 | -- | -- |
| 200806 | -- | -- | -- | -- |
| 200712 | 117.77 | -17.77 | -- | -- |
| 200612 | 117.95 | -17.95 | -- | -- |
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) |
| 202406 | 296000000.0000 | -- | 969000000.0000 | -58000000.0000 |
| 202312 | 1340000000.0000 | -- | 1907000000.0000 | -116000000.0000 |
| 202306 | 523000000.0000 | -- | 943000000.0000 | -53000000.0000 |
| 202212 | 1571000000.0000 | -- | 1834000000.0000 | 11000000.0000 |
| 202206 | 723000000.0000 | -- | 899000000.0000 | 23000000.0000 |
| 202112 | 2082000000.0000 | -- | 1661000000.0000 | 30000000.0000 |
| 202106 | 911000000.0000 | -- | 824000000.0000 | 10000000.0000 |
| 202012 | 1238000000.0000 | -- | 1600000000.0000 | -62000000.0000 |
| 202006 | 315000000.0000 | -- | 820000000.0000 | -52000000.0000 |
| 201912 | 1941000000.0000 | -- | 1785000000.0000 | -153000000.0000 |
| 201906 | 724000000.0000 | -- | 892000000.0000 | -92000000.0000 |
| 201812 | 4201000000.0000 | -- | 1302000000.0000 | -193000000.0000 |
| 201806 | 2156000000.0000 | -- | 571000000.0000 | -79000000.0000 |
| 201712 | 2841000000.0000 | -- | 3763000000.0000 | 60000000.0000 |
| 201706 | 1156000000.0000 | -- | 651000000.0000 | 37000000.0000 |
| 201612 | 4313000000.0000 | -- | 1559000000.0000 | 78000000.0000 |
| 201606 | 1478000000.0000 | -- | 1387000000.0000 | 54000000.0000 |
| 201512 | 14063000000.0000 | -- | 2572000000.0000 | 103000000.0000 |
| 201506 | 6975000000.0000 | -- | 1240000000.0000 | 51000000.0000 |
| 201412 | 7713000000.0000 | -- | 2733000000.0000 | 155000000.0000 |
| 201406 | 2060000000.0000 | -- | 1362000000.0000 | 71000000.0000 |
| 201312 | 3943000000.0000 | -- | 2918000000.0000 | 160000000.0000 |
| 201306 | 1668000000.0000 | -- | 1388000000.0000 | 77000000.0000 |
| 201212 | 6508000000.0000 | -- | 2739000000.0000 | 154000000.0000 |
| 201206 | 2369000000.0000 | -- | 1328000000.0000 | 72000000.0000 |
| 201112 | 4663000000.0000 | -- | 2980000000.0000 | 118000000.0000 |
| 201106 | 1792000000.0000 | -- | 1437000000.0000 | 55000000.0000 |
| 201012 | 1776000000.0000 | -- | 1733000000.0000 | 123000000.0000 |
| 201006 | 298000000.0000 | -- | 846000000.0000 | 62000000.0000 |
| 200912 | 756000000.0000 | -- | 1932000000.0000 | 180000000.0000 |
| 200906 | 279000000.0000 | -- | 960000000.0000 | 73000000.0000 |
| 200812 | 698000000.0000 | -- | 2020000000.0000 | 206000000.0000 |
| 200806 | 138000000.0000 | -- | 984000000.0000 | 96000000.0000 |
| 200712 | 438000000.0000 | -- | 2274000000.0000 | 359000000.0000 |
| 200612 | 447000000.0000 | -- | 2226000000.0000 | 265000000.0000 |