中商官网
研究报告
先思行（HK0595）
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 （%) |
| 202309 | 405739000.0000 | 5.05 | 10318000.0000 | -344.56 | 31787000.0000 | -17.73 | 31639000.0000 | -17.93 |
| 202303 | 660008000.0000 | -36.69 | 4283000.0000 | -88.66 | 40841000.0000 | -82.70 | 40718000.0000 | -82.37 |
| 202209 | 386222000.0000 | -15.74 | -4219000.0000 | -120.93 | 38637000.0000 | -70.01 | 38551000.0000 | -69.55 |
| 202203 | 1042449000.0000 | -16.01 | 37753000.0000 | -31.33 | 236034000.0000 | -14.70 | 231021000.0000 | -14.37 |
| 202109 | 458366000.0000 | -15.67 | 20160000.0000 | -18.48 | 128851000.0000 | 28.56 | 126623000.0000 | 25.60 |
| 202103 | 1241160000.0000 | -7.19 | 54977000.0000 | 81.48 | 276718000.0000 | 199.28 | 269788000.0000 | 188.72 |
| 202009 | 543539000.0000 | -25.10 | 24731000.0000 | 40.06 | 100223000.0000 | 97.56 | 100812000.0000 | 92.78 |
| 202003 | 1337326000.0000 | -21.28 | 30294000.0000 | 19.91 | 92462000.0000 | 66.28 | 93443000.0000 | 63.14 |
| 201909 | 725723000.0000 | -25.83 | 17657000.0000 | -5.19 | 50731000.0000 | -16.19 | 52293000.0000 | -13.84 |
| 201903 | 1698796000.0000 | 2.16 | 25263000.0000 | -35.83 | 55607000.0000 | -66.03 | 57278000.0000 | -64.92 |
| 201809 | 978399000.0000 | 15.60 | 18624000.0000 | -3.86 | 60532000.0000 | -8.31 | 60690000.0000 | -7.14 |
| 201803 | 1662878000.0000 | 23.87 | 39366000.0000 | -11.43 | 163690000.0000 | -40.78 | 163267000.0000 | -40.87 |
| 201709 | 846338000.0000 | 46.09 | 19371000.0000 | -24.97 | 66017000.0000 | -45.07 | 65355000.0000 | -45.48 |
| 201703 | 1342399000.0000 | 29.45 | 44444000.0000 | 70.09 | 276396000.0000 | 36412.02 | 276122000.0000 | 12760.83 |
| 201609 | 579335000.0000 | -6.07 | 25819000.0000 | 51.13 | 120184000.0000 | 1907.75 | 119869000.0000 | 1817.90 |
| 201603 | 1037023000.0000 | -47.03 | 26130000.0000 | -69.20 | 757000.0000 | -101.52 | 2147000.0000 | -102.28 |
| 201509 | 616741000.0000 | -44.54 | 17084000.0000 | -63.47 | 5986000.0000 | -83.05 | 6250000.0000 | -125.79 |
| 201503 | 1957690000.0000 | -28.81 | 84827000.0000 | -23.57 | -49839000.0000 | -192.49 | -94287000.0000 | -2912.02 |
| 201409 | 1112105000.0000 | -20.31 | 46773000.0000 | -21.83 | 35322000.0000 | 24.08 | -24230000.0000 | -221.07 |
| 201403 | 2749902000.0000 | 17.80 | 110981000.0000 | 4.05 | 53888000.0000 | 3.03 | 3353000.0000 | -63.70 |
| 201309 | 1395504000.0000 | 5.84 | 59835000.0000 | -44.69 | 28468000.0000 | 486.85 | 20014000.0000 | 24.71 |
| 201303 | 2334475000.0000 | -30.66 | 106662000.0000 | -59.01 | 52301000.0000 | 897.92 | 9237000.0000 | 282.33 |
| 201209 | 1318512000.0000 | -29.48 | 108178000.0000 | -19.61 | 4851000.0000 | 147.00 | 16048000.0000 | 461.32 |
| 201203 | 3366541000.0000 | 15.72 | 260190000.0000 | 86.40 | 5241000.0000 | -95.70 | 2416000.0000 | -98.05 |
| 201109 | 1869790000.0000 | 59.39 | 134560000.0000 | 101.33 | 1964000.0000 | -94.77 | 2859000.0000 | -92.29 |
| 201103 | 2909125000.0000 | 18.37 | 139584000.0000 | 10.77 | 121809000.0000 | 142.85 | 123601000.0000 | 60.49 |
| 201009 | 1173076000.0000 | -5.37 | 66837000.0000 | 4.67 | 37563000.0000 | -6.13 | 37063000.0000 | 2.48 |
| 201003 | 2457688000.0000 | 22.07 | 126015000.0000 | 22.32 | 50158000.0000 | -179.39 | 77017000.0000 | -216.15 |
| 200909 | 1239676000.0000 | 8.27 | 63852000.0000 | 16.87 | 40014000.0000 | -254.30 | 36165000.0000 | -231.70 |
| 200903 | 2013299000.0000 | -31.15 | 103019000.0000 | -7.71 | -63182000.0000 | -1206.13 | -66309000.0000 | -1659.48 |
| 200809 | 1144965000.0000 | -30.20 | 54633000.0000 | -18.02 | -25933000.0000 | -214.41 | -27461000.0000 | -263.10 |
| 200803 | 2924054000.0000 | -5.67 | 111629000.0000 | 24.97 | 5712000.0000 | -109.19 | 4252000.0000 | -106.08 |
| 200709 | 1640397000.0000 | 13.38 | 66639000.0000 | 33.93 | 22666000.0000 | 2514.30 | 16837000.0000 | 1841.98 |
| 200703 | 3099846000.0000 | 26.41 | 89322000.0000 | -22.20 | -62159000.0000 | -482.96 | -69881000.0000 | -763.57 |
| 200609 | 1446822000.0000 | 18.38 | 49755000.0000 | -26.38 | 867000.0000 | -98.38 | 867000.0000 | -98.20 |
| 200603 | 2452230000.0000 | 7.21 | 114804000.0000 | -30.80 | 16231000.0000 | -93.30 | 10531000.0000 | -94.99 |
| 200509 | 1222230000.0000 | 7.72 | 67588000.0000 | -19.55 | 53437000.0000 | -21.02 | 48113000.0000 | -17.25 |
| 200503 | 2287354000.0000 | 29.12 | 165901000.0000 | 10.48 | 242376000.0000 | 70.21 | 210110000.0000 | 66.79 |
| 200409 | 1134613000.0000 | 35.76 | 84017000.0000 | 13.55 | 67657000.0000 | 107.45 | 58146000.0000 | 106.78 |
| 200403 | 1771473000.0000 | 4.86 | 150166000.0000 | 48.87 | 142397000.0000 | 723.20 | 125970000.0000 | 902.47 |
| 200309 | 835764000.0000 | -4.51 | 73991000.0000 | 18.47 | 32614000.0000 | 107.73 | 28120000.0000 | 124.78 |
| 200303 | 1689296000.0000 | 41.43 | 100871000.0000 | 61.82 | 17298000.0000 | -133.14 | 12566000.0000 | -123.89 |
| 200209 | 875260000.0000 | 57.30 | 62455000.0000 | 55.79 | 15700000.0000 | 441.94 | 12510000.0000 | 450.62 |
| 200203 | 1194465000.0000 | 8.58 | 62335000.0000 | -36.01 | -52198000.0000 | -346.66 | -52593000.0000 | -426.12 |
| 200109 | 556423000.0000 | -5.38 | 40090000.0000 | -25.78 | 2897000.0000 | -82.32 | 2272000.0000 | -84.26 |
| 200103 | 1100080000.0000 | 14.88 | 97415000.0000 | 21.08 | 21162000.0000 | -15.67 | 16127000.0000 | -27.81 |
| 200009 | 588057000.0000 | -- | 54018000.0000 | -- | 16390000.0000 | -- | 14434000.0000 | -- |
| 200003 | 957597000.0000 | -- | 80454000.0000 | -- | 25093000.0000 | -- | 22340000.0000 | -- |
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) |
| 202309 | 2.54 | -- | 1.76 | 1.95 | 16.20 | -- | 0.22 |
| 202303 | 0.65 | -- | 2.33 | 2.54 | 41.36 | -- | 0.38 |
| 202209 | -1.09 | -- | 2.24 | 2.4 | 17.39 | -- | 0.22 |
| 202203 | 3.62 | -- | 13.52 | 14.33 | 22.43 | -- | 0.60 |
| 202109 | 4.40 | -- | 7.71 | 8.37 | 7.43 | -- | 0.27 |
| 202103 | 4.43 | -- | 17.44 | 19.07 | 35.16 | -- | 0.78 |
| 202009 | 4.55 | -- | 7.17 | 8.06 | 10.88 | -- | 0.39 |
| 202003 | 2.27 | -- | 6.63 | 7.99 | 15.81 | -- | 0.96 |
| 201909 | 2.43 | -- | 3.79 | 4.61 | 12.07 | -- | 0.54 |
| 201903 | 1.49 | -- | 4.22 | 5.2 | 26.90 | -- | 1.29 |
| 201809 | 1.90 | -- | 4.43 | 5.49 | 6.40 | -- | 0.72 |
| 201803 | 2.37 | -- | 11.64 | 15.2 | 10.14 | -- | 1.18 |
| 201709 | 2.29 | -- | 5.11 | 6.05 | 17.29 | -- | 0.65 |
| 201703 | 3.31 | -- | 21.58 | 25.88 | 16.58 | -- | 1.05 |
| 201609 | 4.46 | -- | 11.95 | 15.63 | 6.53 | -- | 0.58 |
| 201603 | 2.52 | -- | 0.09 | 0.33 | 14.60 | -- | 1.17 |
| 201509 | 2.77 | -- | 0.64 | 0.97 | 5.39 | -- | 0.66 |
| 201503 | 4.33 | -- | -4.37 | -14.6 | 12.73 | -- | 1.72 |
| 201409 | 4.21 | -- | 2.98 | -3.62 | 5.56 | -- | 0.94 |
| 201403 | 4.04 | -- | 4.04 | 0.48 | 10.06 | -- | 2.06 |
| 201309 | 4.29 | -- | 1.95 | 2.74 | 4.19 | -- | 0.96 |
| 201303 | 4.57 | -- | 3.53 | 1.38 | 6.38 | -- | 1.57 |
| 201209 | 8.20 | -- | 0.34 | 2.46 | 4.17 | -- | 0.93 |
| 201203 | 7.73 | -- | 0.36 | 0.38 | 10.48 | -- | 2.33 |
| 201109 | 7.20 | -- | 0.12 | 0.44 | 4.73 | -- | 1.13 |
| 201103 | 4.80 | -- | 8.78 | 18.14 | 10.74 | -- | 2.10 |
| 201009 | 5.70 | -- | 3.32 | 8.17 | 4.65 | -- | 1.04 |
| 201003 | 5.13 | -- | 5.76 | 20.21 | 21.92 | -- | 2.82 |
| 200909 | 5.15 | -- | 4.73 | 11.54 | 9.50 | -- | 1.46 |
| 200903 | 5.12 | -- | -8.26 | -23.96 | 12.11 | -- | 2.63 |
| 200809 | 4.77 | -- | -2.79 | -8.61 | 5.26 | -- | 1.23 |
| 200803 | 3.82 | -- | 0.59 | 1.21 | 11.16 | -- | 3.01 |
| 200709 | 4.06 | -- | 2.21 | 4.55 | 6.30 | -- | 1.60 |
| 200703 | 2.88 | -- | -6.61 | -20.23 | 12.71 | -- | 3.30 |
| 200609 | 3.44 | -- | 0.08 | 0.21 | 6.24 | -- | 1.39 |
| 200603 | 4.68 | -- | 1.67 | 2.52 | 11.67 | -- | 2.53 |
| 200509 | 5.53 | -- | 4.90 | 10.57 | 4.34 | -- | 1.12 |
| 200503 | 7.25 | -- | 23.06 | 44.34 | 7.68 | -- | 2.18 |
| 200409 | 7.40 | -- | 8.25 | 17.25 | 4.23 | -- | 1.38 |
| 200403 | 8.48 | -- | 17.93 | 41.05 | 7.52 | -- | 2.23 |
| 200309 | 8.85 | -- | 4.75 | 11.79 | 3.08 | -- | 1.22 |
| 200303 | 5.97 | -- | 3.04 | 5.94 | 7.70 | -- | 2.97 |
| 200209 | 7.14 | -- | 2.55 | 5.84 | 3.58 | -- | 1.42 |
| 200203 | 5.22 | -- | -10.72 | -30.8 | 7.95 | -- | 2.45 |
| 200109 | 7.20 | -- | 0.61 | 1.2 | 2.96 | -- | 1.18 |
| 200103 | 8.86 | -- | 4.23 | 8.73 | 5.37 | -- | 2.20 |
| 200009 | 9.19 | -- | -- | -- | -- | -- | -- |
| 200003 | 8.40 | -- | 6.78 | 12.59 | 7.98 | -- | 2.59 |
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 |
| 202309 | 9.44 | 90.56 | -- | -- |
| 202303 | 8.00 | 92.00 | -- | -- |
| 202209 | 6.13 | 93.87 | -- | -- |
| 202203 | 7.07 | 92.93 | -- | -- |
| 202109 | 8.89 | 91.11 | -- | -- |
| 202103 | 10.19 | 89.81 | -- | -- |
| 202009 | 9.77 | 90.23 | -- | -- |
| 202003 | 15.27 | 84.73 | -- | -- |
| 201909 | 14.38 | 85.62 | -- | -- |
| 201903 | 15.29 | 84.71 | -- | -- |
| 201809 | 17.98 | 82.02 | -- | -- |
| 201803 | 22.70 | 77.30 | -- | -- |
| 201709 | 15.46 | 84.54 | -- | -- |
| 201703 | 15.82 | 84.18 | -- | -- |
| 201609 | 22.66 | 77.34 | -- | -- |
| 201603 | 25.66 | 74.34 | -- | -- |
| 201509 | 28.98 | 71.02 | -- | -- |
| 201503 | 42.62 | 57.38 | -- | -- |
| 201409 | 43.12 | 56.88 | -- | -- |
| 201403 | 49.93 | 50.07 | -- | -- |
| 201309 | 51.36 | 48.64 | -- | -- |
| 201303 | 56.35 | 43.65 | -- | -- |
| 201209 | 54.63 | 45.37 | -- | -- |
| 201203 | 56.03 | 43.97 | -- | -- |
| 201109 | 60.71 | 39.29 | -- | -- |
| 201103 | 51.00 | 49.00 | -- | -- |
| 201009 | 59.55 | 40.45 | -- | -- |
| 201003 | 56.26 | 43.74 | -- | -- |
| 200909 | 62.96 | 37.04 | -- | -- |
| 200903 | 63.84 | 36.16 | -- | -- |
| 200809 | 65.67 | 34.33 | -- | -- |
| 200803 | 63.77 | 36.23 | -- | -- |
| 200709 | 63.97 | 36.03 | -- | -- |
| 200703 | 63.24 | 36.76 | -- | -- |
| 200609 | 60.08 | 39.92 | -- | -- |
| 200603 | 56.97 | 43.03 | -- | -- |
| 200509 | 58.19 | 41.81 | -- | -- |
| 200503 | 54.91 | 45.09 | -- | -- |
| 200409 | 58.90 | 41.10 | -- | -- |
| 200403 | 61.37 | 38.63 | -- | -- |
| 200309 | 65.29 | 34.71 | -- | -- |
| 200303 | 62.86 | 37.14 | -- | -- |
| 200209 | 65.24 | 34.76 | -- | -- |
| 200203 | 64.95 | 35.05 | -- | -- |
| 200109 | 60.10 | 39.90 | -- | -- |
| 200103 | 63.07 | 36.93 | -- | -- |
| 200009 | -- | -- | -- | -- |
| 200003 | 52.03 | 47.97 | -- | -- |
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) |
| 202309 | 395421000.0000 | -- | 30981000.0000 | 1328000.0000 |
| 202303 | 655725000.0000 | -- | 58652000.0000 | 461000.0000 |
| 202209 | 390441000.0000 | -- | 27472000.0000 | 60000.0000 |
| 202203 | 1004696000.0000 | -- | 61450000.0000 | 87000.0000 |
| 202109 | 438206000.0000 | -- | 35160000.0000 | 38000.0000 |
| 202103 | 1186183000.0000 | -- | 88973000.0000 | 971000.0000 |
| 202009 | 518808000.0000 | -- | 43225000.0000 | 875000.0000 |
| 202003 | 1307032000.0000 | -- | 84622000.0000 | 3763000.0000 |
| 201909 | 708066000.0000 | -- | 40443000.0000 | 2539000.0000 |
| 201903 | 1673533000.0000 | -- | 81736000.0000 | 6478000.0000 |
| 201809 | 959775000.0000 | -- | 38501000.0000 | 3605000.0000 |
| 201803 | 1623512000.0000 | -- | 83419000.0000 | 4737000.0000 |
| 201709 | 826967000.0000 | -- | 35595000.0000 | 2050000.0000 |
| 201703 | 1297955000.0000 | -- | 62902000.0000 | 3218000.0000 |
| 201609 | 553516000.0000 | -- | 32738000.0000 | 1699000.0000 |
| 201603 | 1010893000.0000 | -- | 81862000.0000 | 5829000.0000 |
| 201509 | 599657000.0000 | -- | 49467000.0000 | 3216000.0000 |
| 201503 | 1872863000.0000 | -- | 94577000.0000 | 8626000.0000 |
| 201409 | 1065332000.0000 | -- | 50019000.0000 | 7081000.0000 |
| 201403 | 2638921000.0000 | -- | 96580000.0000 | 13096000.0000 |
| 201309 | 1335669000.0000 | -- | 46404000.0000 | 10558000.0000 |
| 201303 | 2227813000.0000 | -- | 127342000.0000 | 14015000.0000 |
| 201209 | 1210334000.0000 | -- | 72479000.0000 | 10524000.0000 |
| 201203 | 3106351000.0000 | -- | 147207000.0000 | 17759000.0000 |
| 201109 | 1735230000.0000 | -- | 73906000.0000 | 11388000.0000 |
| 201103 | 2769541000.0000 | -- | 108174000.0000 | 10956000.0000 |
| 201009 | 1106239000.0000 | -- | 44862000.0000 | 7562000.0000 |
| 201003 | 2331673000.0000 | -- | 72122000.0000 | 8721000.0000 |
| 200909 | 1175824000.0000 | -- | 31961000.0000 | 4599000.0000 |
| 200903 | 1910280000.0000 | -- | 61454000.0000 | 11634000.0000 |
| 200809 | 1090332000.0000 | -- | 32808000.0000 | 5720000.0000 |
| 200803 | 2812425000.0000 | -- | 65564000.0000 | 21728000.0000 |
| 200709 | 1573758000.0000 | -- | 47911000.0000 | 12670000.0000 |
| 200703 | 3010524000.0000 | -- | 71417000.0000 | 21247000.0000 |
| 200609 | 1397067000.0000 | -- | 43009000.0000 | 10956000.0000 |
| 200603 | 2337426000.0000 | -- | 78142000.0000 | 19075000.0000 |
| 200509 | 1154642000.0000 | -- | 42116000.0000 | 8616000.0000 |
| 200503 | 2121453000.0000 | -- | 63832000.0000 | 11396000.0000 |
| 200409 | 1050596000.0000 | -- | 30447000.0000 | 4538000.0000 |
| 200403 | 1621307000.0000 | -- | 54676000.0000 | 9077000.0000 |
| 200309 | 761773000.0000 | -- | 20421000.0000 | 4582000.0000 |
| 200303 | 1588425000.0000 | -- | 45390000.0000 | 10125000.0000 |
| 200209 | 812805000.0000 | -- | 24877000.0000 | 5515000.0000 |
| 200203 | 1132130000.0000 | -- | 40825000.0000 | 13881000.0000 |
| 200109 | 516333000.0000 | -- | 15573000.0000 | 8544000.0000 |
| 200103 | 1002665000.0000 | -- | 36432000.0000 | 16269000.0000 |
| 200009 | 534039000.0000 | -- | 19615000.0000 | 7195000.0000 |
| 200003 | 877143000.0000 | -- | 33689000.0000 | 11967000.0000 |