中商官网
研究报告
幸福控股（HK0260）
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) |
| 2002 | 131286000.0000 | 39855000.0000 | -5364000.0000 | -6472000.0000 | 285240000.0000 | 58881000.0000 | 226359000.0000 |
| 2003 | 74995000.0000 | 4207000.0000 | 2218000.0000 | 2218000.0000 | 257014000.0000 | 1532000.0000 | 255482000.0000 |
| 2004 | 52336000.0000 | 6472000.0000 | -7043000.0000 | -8220000.0000 | 501602000.0000 | 168279000.0000 | 333323000.0000 |
| 2005 | 170736000.0000 | 57369000.0000 | -143782000.0000 | -159767000.0000 | 479956000.0000 | 147635000.0000 | 332321000.0000 |
| 2006 | 160838000.0000 | 42490000.0000 | -176449000.0000 | -132748000.0000 | 579993000.0000 | 136473000.0000 | 443520000.0000 |
| 2007 | 169524000.0000 | 21542000.0000 | -184237000.0000 | -183282000.0000 | 722234000.0000 | 251371000.0000 | 470863000.0000 |
| 2008 | 331856000.0000 | 66057000.0000 | -19284000.0000 | -10536000.0000 | 734308000.0000 | 242308000.0000 | 492000000.0000 |
| 2009 | 614325000.0000 | 139258000.0000 | 31034000.0000 | -5023000.0000 | 858566000.0000 | 320632000.0000 | 537934000.0000 |
| 2010 | 808709000.0000 | 147328000.0000 | -25121000.0000 | -27937000.0000 | 925744000.0000 | 266120000.0000 | 659624000.0000 |
| 2011 | 1024588000.0000 | 209494000.0000 | 36317000.0000 | 8482000.0000 | 1017854000.0000 | 245655000.0000 | 772199000.0000 |
| 2012 | 1177611000.0000 | 229209000.0000 | 4036000.0000 | -25966000.0000 | 1513406000.0000 | 488155000.0000 | 1025251000.0000 |
| 2013 | 1282780000.0000 | 267849000.0000 | 6632000.0000 | -25417000.0000 | 2825389000.0000 | 1643599000.0000 | 1181790000.0000 |
| 2014 | 1619742000.0000 | 226766000.0000 | -56428000.0000 | -79799000.0000 | 3864552000.0000 | 2397548000.0000 | 1467004000.0000 |
| 2015 | 1236123000.0000 | 202073000.0000 | -266930000.0000 | -294968000.0000 | 4979131000.0000 | 3304122000.0000 | 1675009000.0000 |
| 2016 | 357628000.0000 | 84298000.0000 | -264316000.0000 | -259711000.0000 | 4292751000.0000 | 2960235000.0000 | 1332516000.0000 |
| 2017 | 252606000.0000 | 62118000.0000 | -310186000.0000 | -302643000.0000 | 4058098000.0000 | 2993002000.0000 | 1065096000.0000 |
| 2018 | 139822000.0000 | 44150000.0000 | -801112000.0000 | -517071000.0000 | 3088674000.0000 | 2813238000.0000 | 275436000.0000 |
| 2019 | 62419000.0000 | 32206000.0000 | -663395000.0000 | -440760000.0000 | 2526115000.0000 | 2872636000.0000 | -346521000.0000 |
| 2020 | 5903000.0000 | 5903000.0000 | -243448000.0000 | -85562000.0000 | 703982000.0000 | 1273126000.0000 | -569144000.0000 |
| 2021 | 3189000.0000 | 3189000.0000 | -49444000.0000 | -39859000.0000 | 698869000.0000 | 1310216000.0000 | -611347000.0000 |
| 2022 | 153068000.0000 | 3924000.0000 | -47162000.0000 | -43588000.0000 | 643148000.0000 | 1319258000.0000 | -676110000.0000 |
| 2023 | 3398000.0000 | 2956000.0000 | -48587000.0000 | -49386000.0000 | 618737000.0000 | 1349331000.0000 | -730594000.0000 |
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) |
| 2002 | 30.36 | -4.2500 | -1.88 | -3.0500 | -- | -- | 0.46 |
| 2003 | 5.61 | 3.2700 | 0.86 | 0.8700 | -- | -- | 0.29 |
| 2004 | 12.37 | -9.6200 | -1.40 | -2.6900 | 2.08 | -- | 0.10 |
| 2005 | 33.60 | -83.5900 | -29.96 | -55.8600 | 10.66 | -- | 0.36 |
| 2006 | 26.42 | -109.4600 | -30.42 | -31.5200 | 9.60 | -- | 0.28 |
| 2007 | 12.71 | -107.5600 | -25.51 | -42.5800 | 23.00 | -- | 0.23 |
| 2008 | 19.91 | -5.9100 | -2.63 | -2.3100 | 22.87 | -- | 0.45 |
| 2009 | 22.67 | 4.7600 | 3.61 | -1.0800 | 54.19 | -- | 0.72 |
| 2010 | 18.22 | -3.3900 | -2.71 | -4.6300 | 116.13 | -- | 0.87 |
| 2011 | 20.45 | 3.3700 | 3.57 | 1.2500 | 193.52 | -- | 1.01 |
| 2012 | 19.46 | -0.2700 | 0.27 | -2.7400 | 201.53 | -- | 0.78 |
| 2013 | 20.88 | 1.5100 | 0.23 | -2.3400 | 38.11 | -- | 0.45 |
| 2014 | 14.00 | -4.4800 | -1.46 | -7.2100 | 852.49 | -- | 0.42 |
| 2015 | 16.35 | -19.8200 | -5.36 | -22.9100 | 360.17 | -- | 0.25 |
| 2016 | 23.57 | -77.3900 | -6.16 | -27.6900 | 77.85 | -- | 0.08 |
| 2017 | 24.59 | -127.9000 | -7.64 | -44.1900 | 72.32 | -- | 0.06 |
| 2018 | 31.58 | -578.8300 | -25.94 | -625.6100 | 8697.45 | -- | 0.05 |
| 2019 | 51.60 | -1053.7900 | -26.26 | 115.4200 | -- | -- | 0.02 |
| 2020 | 100.00 | -4275.8400 | -34.58 | 17.0400 | -- | -- | 0.01 |
| 2021 | 100.00 | -2145.7200 | -7.07 | 7.4500 | -- | -- | 0.00 |
| 2022 | 2.56 | -35.7700 | -7.33 | 7.3000 | -- | -- | 0.24 |
| 2023 | 86.99 | -1429.8700 | -7.85 | 7.5600 | -- | -- | 0.01 |
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 |
| 2002 | 20.64 | 79.36 | 4.02 | 4.02 |
| 2003 | 0.60 | 99.40 | 83.01 | 83.01 |
| 2004 | 33.55 | 66.45 | 1.07 | 0.88 |
| 2005 | 30.76 | 69.24 | 0.77 | 0.70 |
| 2006 | 23.53 | 76.47 | 1.52 | 1.40 |
| 2007 | 34.80 | 65.20 | 1.64 | 1.59 |
| 2008 | 33.00 | 67.00 | 0.66 | 0.61 |
| 2009 | 37.35 | 62.65 | 0.85 | 0.81 |
| 2010 | 28.75 | 71.25 | 1.06 | 1.04 |
| 2011 | 24.13 | 75.87 | 1.43 | 1.42 |
| 2012 | 32.26 | 67.74 | 2.09 | 2.08 |
| 2013 | 58.17 | 41.83 | 1.20 | 1.18 |
| 2014 | 62.04 | 37.96 | 1.92 | 1.92 |
| 2015 | 66.36 | 33.64 | 1.17 | 1.16 |
| 2016 | 68.96 | 31.04 | 1.07 | 1.07 |
| 2017 | 73.75 | 26.25 | 1.12 | 1.12 |
| 2018 | 91.08 | 8.92 | 1.11 | 1.11 |
| 2019 | 113.72 | -13.72 | 1.20 | 1.20 |
| 2020 | 180.85 | -80.85 | 0.48 | 0.48 |
| 2021 | 187.48 | -87.48 | 0.46 | 0.46 |
| 2022 | 205.13 | -105.13 | 0.41 | 0.41 |
| 2023 | 218.08 | -118.08 | 0.39 | 0.39 |
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) |
| 2002 | 91431000.0000 | -- | 37424000.0000 | 17000.0000 |
| 2003 | 70788000.0000 | -- | 5808000.0000 | 10000.0000 |
| 2004 | 45864000.0000 | -- | 15312000.0000 | 1569000.0000 |
| 2005 | 113367000.0000 | -- | 40375000.0000 | 10545000.0000 |
| 2006 | 118348000.0000 | -- | 38841000.0000 | 3436000.0000 |
| 2007 | 147982000.0000 | -- | 61442000.0000 | 11863000.0000 |
| 2008 | 265799000.0000 | -- | 73155000.0000 | 11183000.0000 |
| 2009 | 475067000.0000 | -- | 76944000.0000 | 11562000.0000 |
| 2010 | 661381000.0000 | -- | 105621000.0000 | 15245000.0000 |
| 2011 | 815094000.0000 | -- | 95894000.0000 | 9632000.0000 |
| 2012 | 948402000.0000 | -- | 127807000.0000 | 16911000.0000 |
| 2013 | 1014931000.0000 | -- | 159272000.0000 | 21964000.0000 |
| 2014 | 1392976000.0000 | -- | 165643000.0000 | 47945000.0000 |
| 2015 | 1034050000.0000 | -- | 199285000.0000 | 115986000.0000 |
| 2016 | 273330000.0000 | -- | 117372000.0000 | 146132000.0000 |
| 2017 | 190488000.0000 | -- | 124191000.0000 | 148331000.0000 |
| 2018 | 95672000.0000 | -- | 76324000.0000 | 127799000.0000 |
| 2019 | 30213000.0000 | -- | 50337000.0000 | 133021000.0000 |
| 2020 | -- | -- | 30787000.0000 | 68275000.0000 |
| 2021 | -- | -- | 16772000.0000 | 55629000.0000 |
| 2022 | 149144000.0000 | -- | 18810000.0000 | 43877000.0000 |
| 2023 | 442000.0000 | -- | 14625000.0000 | 39108000.0000 |