中商官网
研究报告
第一上海（HK0227）
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 | 719454505.0000 | 178444310.0000 | 82872742.0000 | 54321425.0000 | 1043037015.0000 | 66616452.0000 | 976420563.0000 |
| 2000 | 289810334.0000 | 64353096.0000 | 73570710.0000 | 58378974.0000 | 1108721969.0000 | 67783541.0000 | 1040938428.0000 |
| 2001 | 298331527.0000 | 49098817.0000 | 77961980.0000 | 64790162.0000 | 1228273676.0000 | 80791658.0000 | 1147482018.0000 |
| 2002 | 171614459.0000 | 50361502.0000 | 61810367.0000 | 49322685.0000 | 1256362367.0000 | 43686883.0000 | 1212675484.0000 |
| 2003 | 281351000.0000 | 104429000.0000 | 107510000.0000 | 93820000.0000 | 1760366000.0000 | 417967000.0000 | 1342399000.0000 |
| 2004 | 587845000.0000 | 201727000.0000 | 63059000.0000 | 80955000.0000 | 1609247000.0000 | 220756000.0000 | 1388491000.0000 |
| 2005 | 1148462000.0000 | 151551000.0000 | 32826000.0000 | 76320000.0000 | 1924210000.0000 | 510750000.0000 | 1413460000.0000 |
| 2006 | 1319289000.0000 | 314449000.0000 | 85088000.0000 | 236573000.0000 | 2092105000.0000 | 396434000.0000 | 1695671000.0000 |
| 2007 | 765246000.0000 | 522874000.0000 | 422389000.0000 | 382178000.0000 | 3569620000.0000 | 730653000.0000 | 2838967000.0000 |
| 2008 | 198702000.0000 | 52122000.0000 | -111681000.0000 | -111394000.0000 | 2660536000.0000 | 266800000.0000 | 2393736000.0000 |
| 2009 | 587498000.0000 | 299970000.0000 | 211734000.0000 | 187885000.0000 | 4680919000.0000 | 1926318000.0000 | 2754601000.0000 |
| 2010 | 291904000.0000 | 181619000.0000 | 165394000.0000 | 114367000.0000 | 4733083000.0000 | 1853345000.0000 | 2879738000.0000 |
| 2011 | 285409000.0000 | 116443000.0000 | -11047000.0000 | -45819000.0000 | 4934702000.0000 | 2220043000.0000 | 2714659000.0000 |
| 2012 | 349085000.0000 | 200680000.0000 | -108496000.0000 | -98266000.0000 | 4629316000.0000 | 2008376000.0000 | 2620940000.0000 |
| 2013 | 459579000.0000 | 276673000.0000 | 46452000.0000 | 42540000.0000 | 4946281000.0000 | 2198746000.0000 | 2747535000.0000 |
| 2014 | 501630000.0000 | 308551000.0000 | 214904000.0000 | 211091000.0000 | 6160867000.0000 | 2875916000.0000 | 3284951000.0000 |
| 2015 | 491923000.0000 | 349928000.0000 | 163203000.0000 | 134862000.0000 | 6912554000.0000 | 3744774000.0000 | 3167780000.0000 |
| 2016 | 390792000.0000 | 277423000.0000 | -35844000.0000 | -49909000.0000 | 6960638000.0000 | 4180768000.0000 | 2779870000.0000 |
| 2017 | 446445000.0000 | 330668000.0000 | 77639000.0000 | 61944000.0000 | 7253851000.0000 | 4392317000.0000 | 2861534000.0000 |
| 2018 | 473726000.0000 | 304620000.0000 | 50137000.0000 | 33403000.0000 | 6863028000.0000 | 4087870000.0000 | 2775158000.0000 |
| 2019 | 533529000.0000 | 315960000.0000 | 48888000.0000 | 10618000.0000 | 6007755000.0000 | 3296488000.0000 | 2711267000.0000 |
| 2020 | 457988000.0000 | 258468000.0000 | -77260000.0000 | -90331000.0000 | 6740394000.0000 | 4052766000.0000 | 2687628000.0000 |
| 2021 | 529850000.0000 | 303465000.0000 | -88338000.0000 | -139899000.0000 | 7112874000.0000 | 4554083000.0000 | 2558791000.0000 |
| 2022 | 342183000.0000 | 210335000.0000 | -64394000.0000 | -56044000.0000 | 5900789000.0000 | 3521319000.0000 | 2379470000.0000 |
| 2023 | 312875000.0000 | 207434000.0000 | 5968000.0000 | -10629000.0000 | 5616782000.0000 | 3185096000.0000 | 2431686000.0000 |
| 2024 | 390386000.0000 | 219880000.0000 | 86230000.0000 | 77974000.0000 | 5048502000.0000 | 2492474000.0000 | 2556028000.0000 |
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 | 24.80 | 7.4000 | 7.95 | 5.8100 | 425.19 | -- | 0.69 |
| 2000 | 22.21 | 7.0400 | 6.64 | 5.8700 | 194.71 | -- | 0.26 |
| 2001 | 16.46 | 5.6700 | 6.35 | 5.8700 | 225.83 | -- | 0.24 |
| 2002 | 29.35 | -3.9600 | 4.92 | 4.2500 | 95.44 | -- | 0.14 |
| 2003 | 37.12 | 7.8300 | 6.11 | 7.4500 | 3.10 | -- | 0.16 |
| 2004 | 34.32 | 2.1600 | 3.92 | 6.2200 | 65.58 | -- | 0.37 |
| 2005 | 13.20 | -1.8300 | 1.71 | 5.6900 | 53.80 | -- | 0.60 |
| 2006 | 23.83 | 6.3000 | 4.07 | 14.5800 | 53.19 | -- | 0.63 |
| 2007 | 68.33 | 46.3200 | 11.83 | 13.7300 | 17.94 | -- | 0.21 |
| 2008 | 26.23 | -36.8900 | -4.20 | -4.8000 | 1.53 | -- | 0.07 |
| 2009 | 51.06 | 31.3700 | 4.52 | 7.0500 | 1.36 | -- | 0.13 |
| 2010 | 62.22 | 38.3100 | 3.49 | 4.1200 | 0.18 | -- | 0.06 |
| 2011 | 40.80 | -5.3700 | -0.22 | -1.7500 | 0.27 | -- | 0.06 |
| 2012 | 57.49 | -17.4500 | -2.34 | -3.8800 | 0.26 | -- | 0.08 |
| 2013 | 60.20 | 7.0700 | 0.94 | 1.6000 | 0.33 | -- | 0.09 |
| 2014 | 61.51 | 37.6600 | 3.49 | 6.5800 | 0.29 | -- | 0.08 |
| 2015 | 71.13 | 26.1500 | 2.36 | 4.3700 | 0.21 | -- | 0.07 |
| 2016 | 70.99 | -13.1000 | -0.51 | -1.8400 | 0.19 | -- | 0.06 |
| 2017 | 74.07 | 14.3400 | 1.07 | 2.2200 | 0.18 | -- | 0.06 |
| 2018 | 64.30 | 8.4800 | 0.73 | 1.2400 | 0.30 | -- | 0.07 |
| 2019 | 59.22 | 8.5200 | 0.81 | 0.4000 | 0.44 | -- | 0.09 |
| 2020 | 56.44 | -16.8700 | -1.15 | -3.4700 | 0.56 | -- | 0.07 |
| 2021 | 57.27 | -16.6700 | -1.24 | -5.6300 | 0.64 | -- | 0.07 |
| 2022 | 61.47 | -18.8200 | -1.09 | -2.4200 | 0.37 | -- | 0.06 |
| 2023 | 66.30 | 1.9100 | 0.11 | -0.4500 | 0.29 | -- | 0.06 |
| 2024 | 56.32 | 22.0900 | 1.71 | 3.1300 | 0.49 | -- | 0.08 |
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 | 6.39 | 93.61 | 4.57 | 4.55 |
| 2000 | 6.11 | 93.89 | 4.70 | 4.69 |
| 2001 | 6.58 | 93.42 | 5.72 | 5.70 |
| 2002 | 3.48 | 96.52 | 8.97 | 8.94 |
| 2003 | 23.74 | 76.26 | 1.86 | 1.72 |
| 2004 | 13.72 | 86.28 | 2.44 | 2.41 |
| 2005 | 26.54 | 73.46 | 2.69 | 2.64 |
| 2006 | 18.95 | 81.05 | 4.77 | 4.69 |
| 2007 | 20.47 | 79.53 | 2.98 | 2.96 |
| 2008 | 10.03 | 89.97 | 6.35 | 5.99 |
| 2009 | 41.15 | 58.85 | 1.78 | 1.67 |
| 2010 | 39.16 | 60.84 | 2.02 | 1.64 |
| 2011 | 44.99 | 55.01 | 1.66 | 1.35 |
| 2012 | 43.38 | 56.62 | 1.96 | 1.60 |
| 2013 | 44.45 | 55.55 | 1.77 | 1.46 |
| 2014 | 46.68 | 53.32 | 1.62 | 1.35 |
| 2015 | 54.17 | 45.83 | 1.44 | 1.25 |
| 2016 | 60.06 | 39.94 | 1.42 | 1.27 |
| 2017 | 60.55 | 39.45 | 1.35 | 1.20 |
| 2018 | 59.56 | 40.44 | 1.34 | 1.19 |
| 2019 | 54.87 | 45.13 | 1.50 | 1.33 |
| 2020 | 60.13 | 39.87 | 1.34 | 1.24 |
| 2021 | 64.03 | 35.97 | 1.28 | 1.19 |
| 2022 | 59.68 | 40.32 | 1.36 | 1.26 |
| 2023 | 56.71 | 43.29 | 1.42 | 1.30 |
| 2024 | 49.37 | 50.63 | 1.57 | 1.43 |
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 | 541010195.0000 | -- | 82171301.0000 | 5360121.0000 |
| 2000 | 225457238.0000 | -- | 64246138.0000 | 377398.0000 |
| 2001 | 249232710.0000 | -- | 74946109.0000 | 260603.0000 |
| 2002 | 121252957.0000 | -- | 68569290.0000 | 262113.0000 |
| 2003 | 176922000.0000 | -- | 97785000.0000 | 1882000.0000 |
| 2004 | 386118000.0000 | -- | 172947000.0000 | 4709000.0000 |
| 2005 | 996911000.0000 | -- | 158030000.0000 | 8409000.0000 |
| 2006 | 1004840000.0000 | -- | 235921000.0000 | 20585000.0000 |
| 2007 | 242372000.0000 | -- | 272857000.0000 | 27537000.0000 |
| 2008 | 146580000.0000 | -- | -- | -24922000.0000 |
| 2009 | 287528000.0000 | -- | -- | -13517000.0000 |
| 2010 | 110285000.0000 | -- | -- | -7646000.0000 |
| 2011 | 168966000.0000 | -- | -- | -6013000.0000 |
| 2012 | 148405000.0000 | -- | -- | 3594000.0000 |
| 2013 | 182906000.0000 | -- | -- | 1238000.0000 |
| 2014 | 193079000.0000 | -- | -- | 671000.0000 |
| 2015 | 141995000.0000 | -- | -- | -2515000.0000 |
| 2016 | 113369000.0000 | -- | -- | -4922000.0000 |
| 2017 | 115777000.0000 | -- | -- | -2689000.0000 |
| 2018 | 169106000.0000 | -- | -- | -28408000.0000 |
| 2019 | 217569000.0000 | -- | -- | -10849000.0000 |
| 2020 | 199520000.0000 | -- | -- | 939000.0000 |
| 2021 | 226385000.0000 | -- | -- | 12483000.0000 |
| 2022 | 131848000.0000 | -- | -- | -32853000.0000 |
| 2023 | 105441000.0000 | -- | -- | -68269000.0000 |
| 2024 | 170506000.0000 | -- | -- | -60275000.0000 |