中商官网
研究报告
四环医药（HK0460）
主要经济指标
| 类别\年份 | 营业额 （元) |
营业额同比 （%) |
营业利润 （元) |
营业利润同比 （%) |
利润总额 （元) |
利润总额同比 （%) |
净利润 （元) |
净利润同比 （%) |
| 202406 | 949697000.0000 | -10.04 | 608516000.0000 | -18.62 | -19212000.0000 | -41.88 | -33424000.0000 | -32.67 |
| 202312 | 1860539000.0000 | -21.85 | 1295644000.0000 | -15.20 | -161260000.0000 | -92.27 | -54017000.0000 | -97.18 |
| 202306 | 1055705000.0000 | -27.90 | 747733000.0000 | -25.50 | -33054000.0000 | -158.98 | -49644000.0000 | -222.95 |
| 202212 | 2380663000.0000 | -27.67 | 1527917000.0000 | -37.60 | -2086341000.0000 | -529.24 | -1914918000.0000 | -559.75 |
| 202206 | 1464197000.0000 | -23.23 | 1003689000.0000 | -31.59 | 56042000.0000 | -93.16 | 40376000.0000 | -93.40 |
| 202112 | 3291270000.0000 | 33.08 | 2448516000.0000 | 27.53 | 486049000.0000 | -33.50 | 416509000.0000 | -12.01 |
| 202106 | 1907219000.0000 | 80.86 | 1467123000.0000 | 86.64 | 819483000.0000 | 171.24 | 611424000.0000 | 307.64 |
| 202012 | 2473094000.0000 | -14.34 | 1919963000.0000 | -16.34 | 730927000.0000 | -129.63 | 473382000.0000 | -117.19 |
| 202006 | 1054537000.0000 | -36.56 | 786057000.0000 | -42.54 | 302120000.0000 | -117.50 | 149990000.0000 | -107.43 |
| 201912 | 2886979000.0000 | -1.04 | 2294927000.0000 | -3.54 | -2466923000.0000 | -222.60 | -2753332000.0000 | -269.96 |
| 201906 | 1662310000.0000 | 30.04 | 1368044000.0000 | 33.37 | -1726880000.0000 | -287.49 | -2019947000.0000 | -363.81 |
| 201812 | 2917405000.0000 | 6.25 | 2379088000.0000 | 19.74 | 2012165000.0000 | 16.37 | 1619956000.0000 | 11.80 |
| 201806 | 1278306000.0000 | -11.25 | 1025743000.0000 | 0.72 | 921046000.0000 | -7.64 | 765671000.0000 | -9.11 |
| 201712 | 2745809000.0000 | -13.81 | 1986853000.0000 | -9.23 | 1729075000.0000 | -19.67 | 1448935000.0000 | -15.18 |
| 201706 | 1440310000.0000 | 3.79 | 1018367000.0000 | 9.81 | 997186000.0000 | 11.98 | 842456000.0000 | 14.47 |
| 201612 | 3185699000.0000 | 0.58 | 2188946000.0000 | -1.76 | 2152570000.0000 | -24.25 | 1708239000.0000 | -17.17 |
| 201606 | 1387672000.0000 | -21.76 | 927421000.0000 | -27.48 | 890468000.0000 | -47.07 | 735968000.0000 | -49.30 |
| 201512 | 3167211000.0000 | 2.69 | 2228054000.0000 | 5.52 | 2841746000.0000 | 37.06 | 2062378000.0000 | 23.40 |
| 201506 | 1773521000.0000 | 28.19 | 1278850000.0000 | 33.14 | 1682282000.0000 | 66.16 | 1451550000.0000 | 76.29 |
| 201412 | 3084236000.0000 | 19.25 | 2111422000.0000 | 45.07 | 2073423000.0000 | 29.38 | 1671281000.0000 | 30.07 |
| 201406 | 1383462000.0000 | -40.49 | 960558000.0000 | -48.00 | 1012443000.0000 | 44.73 | 823384000.0000 | 33.33 |
| 201312 | 2586402000.0000 | -14.99 | 1455469000.0000 | -36.43 | 1602624000.0000 | 37.50 | 1284882000.0000 | 42.07 |
| 201306 | 2324747000.0000 | 67.33 | 1847116000.0000 | 72.40 | 699516000.0000 | 17.39 | 617535000.0000 | 33.83 |
| 201212 | 3042531000.0000 | 35.70 | 2289415000.0000 | 33.54 | 1165541000.0000 | 11.55 | 904402000.0000 | 9.75 |
| 201206 | 1389297000.0000 | 40.25 | 1071419000.0000 | 38.30 | 595889000.0000 | 21.06 | 461445000.0000 | 21.21 |
| 201112 | 2242063000.0000 | 116.23 | 1714464000.0000 | 130.21 | 1044856000.0000 | 64.52 | 824048000.0000 | 57.84 |
| 201106 | 990568000.0000 | 109.23 | 774730000.0000 | 123.68 | 492214000.0000 | 69.67 | 380685000.0000 | 49.38 |
| 201012 | 1036881000.0000 | 46.26 | 744743000.0000 | 44.05 | 635083000.0000 | 66.68 | 522065000.0000 | 59.99 |
| 201006 | 473437000.0000 | 46.85 | 346363000.0000 | 49.49 | 290095000.0000 | 97.11 | 254849000.0000 | 113.10 |
| 200912 | 708907000.0000 | 38.99 | 516992000.0000 | 37.32 | 381026000.0000 | 32.73 | 326316000.0000 | 37.65 |
| 200906 | 322394000.0000 | -- | 231698000.0000 | -- | 147171000.0000 | -- | 119594000.0000 | -- |
| 200812 | 510048000.0000 | 78.12 | 376497000.0000 | 66.72 | 287069000.0000 | 55.63 | 237059000.0000 | 32.24 |
| 200712 | 286349000.0000 | -- | 225823000.0000 | -- | 184452000.0000 | -- | 179266000.0000 | -- |
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 | 64.07 | -- | -0.17 | -0.76 | 0.72 | -- | 0.08 |
| 202312 | 69.64 | -- | -1.40 | -1.22 | 1.01 | -- | 0.16 |
| 202306 | 70.83 | -- | -0.28 | -1.13 | 0.50 | -- | 0.09 |
| 202212 | 64.18 | -- | -17.18 | -40.42 | 1.41 | -- | 0.20 |
| 202206 | 68.55 | -- | 0.39 | 0.56 | 0.66 | -- | 0.10 |
| 202112 | 74.39 | -- | 3.35 | 5.03 | 1.18 | -- | 0.23 |
| 202106 | 76.92 | -- | 5.73 | 6.21 | 0.78 | -- | 0.13 |
| 202012 | 77.63 | -- | 5.60 | 5.15 | 1.12 | -- | 0.19 |
| 202006 | 74.54 | -- | 2.30 | 1.74 | 0.61 | -- | 0.08 |
| 201912 | 79.49 | -- | -19.62 | -28.66 | 1.45 | -- | 0.23 |
| 201906 | 82.30 | -- | -12.55 | -19.49 | 0.81 | -- | 0.12 |
| 201812 | 81.55 | -- | 13.03 | 12.95 | 1.79 | -- | 0.19 |
| 201806 | 80.24 | -- | 6.27 | 6.54 | 0.90 | -- | 0.09 |
| 201712 | 72.36 | -- | 12.72 | 13.1 | 3.33 | -- | 0.20 |
| 201706 | 70.70 | -- | 7.39 | 7.94 | 1.85 | -- | 0.11 |
| 201612 | 68.71 | -- | 17.66 | 15.67 | 4.97 | -- | 0.26 |
| 201606 | 66.83 | -- | 6.82 | 6.51 | 1.73 | -- | 0.11 |
| 201512 | 70.35 | -- | 23.06 | 18.59 | 4.03 | -- | 0.26 |
| 201506 | 72.11 | -- | 13.63 | 13.49 | 2.22 | -- | 0.14 |
| 201412 | 68.46 | -- | 18.31 | 17.99 | 5.49 | -- | 0.27 |
| 201406 | 69.43 | -- | 9.70 | 9.55 | 3.27 | -- | 0.13 |
| 201312 | 56.27 | -- | 15.87 | 16.43 | 11.17 | -- | 0.26 |
| 201306 | 79.45 | -- | 7.45 | 8.34 | 3.68 | -- | 0.25 |
| 201212 | 75.25 | -- | 12.32 | 12.77 | 8.23 | -- | 0.32 |
| 201206 | 77.12 | -- | 6.78 | 6.68 | 4.59 | -- | 0.16 |
| 201112 | 76.47 | -- | 11.80 | 11.86 | 9.15 | -- | 0.25 |
| 201106 | 78.21 | -- | 5.48 | 5.41 | 2.78 | -- | 0.11 |
| 201012 | 71.83 | -- | 9.20 | 7.84 | 5.48 | -- | 0.15 |
| 201006 | 73.16 | -- | 21.28 | 21.93 | 2.58 | -- | 0.35 |
| 200912 | 72.93 | -- | 32.47 | 35.96 | 4.47 | -- | 0.60 |
| 200906 | 71.87 | -- | -- | -- | -- | -- | -- |
| 200812 | 73.82 | -- | 33.30 | 33.81 | 3.39 | -- | 0.59 |
| 200712 | 78.86 | -- | 29.25 | 34.16 | 2.64 | -- | 0.45 |
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 | 55.85 | 44.15 | -- | -- |
| 202312 | 55.47 | 44.53 | -- | -- |
| 202306 | 55.40 | 44.60 | -- | -- |
| 202212 | 53.55 | 46.45 | -- | -- |
| 202206 | 43.78 | 56.22 | -- | -- |
| 202112 | 36.88 | 63.12 | -- | -- |
| 202106 | 25.35 | 74.65 | -- | -- |
| 202012 | 23.73 | 76.27 | -- | -- |
| 202006 | 31.84 | 68.16 | -- | -- |
| 201912 | 20.91 | 79.09 | -- | -- |
| 201906 | 22.09 | 77.91 | -- | -- |
| 201812 | 17.28 | 82.72 | -- | -- |
| 201806 | 18.32 | 81.68 | -- | -- |
| 201712 | 16.60 | 83.40 | -- | -- |
| 201706 | 20.87 | 79.13 | -- | -- |
| 201612 | 9.98 | 90.02 | -- | -- |
| 201606 | 12.79 | 87.21 | -- | -- |
| 201512 | 9.17 | 90.83 | -- | -- |
| 201506 | 12.25 | 87.75 | -- | -- |
| 201412 | 16.93 | 83.07 | -- | -- |
| 201406 | 16.35 | 83.65 | -- | -- |
| 201312 | 21.39 | 78.61 | -- | -- |
| 201306 | 20.02 | 79.98 | -- | -- |
| 201212 | 24.02 | 75.98 | -- | -- |
| 201206 | 20.66 | 79.34 | -- | -- |
| 201112 | 21.01 | 78.99 | -- | -- |
| 201106 | 21.41 | 78.59 | -- | -- |
| 201012 | 3.52 | 96.48 | -- | -- |
| 201006 | 13.99 | 86.01 | -- | -- |
| 200912 | 21.24 | 78.76 | -- | -- |
| 200906 | -- | -- | -- | -- |
| 200812 | 16.96 | 83.04 | -- | -- |
| 200712 | 16.77 | 83.23 | -- | -- |
成本费用分析
| 类别\年份 | 销售成本 （元) |
销售费用 （元) |
管理费用 （元) |
财务费用 （元) |
| 202406 | 341181000.0000 | -- | 435928000.0000 | 132460000.0000 |
| 202312 | 564895000.0000 | -- | 1046614000.0000 | 269337000.0000 |
| 202306 | 307972000.0000 | -- | 506204000.0000 | 133542000.0000 |
| 202212 | 852746000.0000 | -- | 1488773000.0000 | 211176000.0000 |
| 202206 | 460508000.0000 | -- | 777578000.0000 | 99400000.0000 |
| 202112 | 842754000.0000 | -- | 1460288000.0000 | 117351000.0000 |
| 202106 | 440096000.0000 | -- | 612229000.0000 | 15778000.0000 |
| 202012 | 553131000.0000 | -- | 1218941000.0000 | 8217000.0000 |
| 202006 | 268480000.0000 | -- | 513008000.0000 | 1586000.0000 |
| 201912 | 592052000.0000 | -- | 1070519000.0000 | 4870000.0000 |
| 201906 | 294266000.0000 | -- | 455974000.0000 | 2518000.0000 |
| 201812 | 538317000.0000 | -- | 876431000.0000 | 6060000.0000 |
| 201806 | 252563000.0000 | -- | 359803000.0000 | 2039000.0000 |
| 201712 | 758956000.0000 | -- | 629028000.0000 | 46000.0000 |
| 201706 | 421943000.0000 | -- | 269004000.0000 | -- |
| 201612 | 996753000.0000 | -- | 540467000.0000 | 210000.0000 |
| 201606 | 460251000.0000 | -- | 216662000.0000 | 105000.0000 |
| 201512 | 939157000.0000 | -- | 455852000.0000 | 160000.0000 |
| 201506 | 494671000.0000 | -- | 253215000.0000 | -71628000.0000 |
| 201412 | 972814000.0000 | -- | 480144000.0000 | -98979000.0000 |
| 201406 | 422904000.0000 | -- | 183005000.0000 | -50905000.0000 |
| 201312 | 1130933000.0000 | -- | 326827000.0000 | -112375000.0000 |
| 201306 | 477631000.0000 | -- | 128402000.0000 | -58382000.0000 |
| 201212 | 753116000.0000 | -- | 206640000.0000 | -124133000.0000 |
| 201206 | 317878000.0000 | -- | 125397000.0000 | -62464000.0000 |
| 201112 | 527599000.0000 | -- | 201090000.0000 | -54508000.0000 |
| 201106 | 215838000.0000 | -- | 78174000.0000 | -45888000.0000 |
| 201012 | 292138000.0000 | -- | 128828000.0000 | -21770000.0000 |
| 201006 | 127074000.0000 | -- | 52420000.0000 | -3072000.0000 |
| 200912 | 191915000.0000 | -- | 78809000.0000 | -5644000.0000 |
| 200906 | 90696000.0000 | -- | 35276000.0000 | -177000.0000 |
| 200812 | 133551000.0000 | -- | 53405000.0000 | -470000.0000 |
| 200712 | 60526000.0000 | -- | 38856000.0000 | 2527000.0000 |