中商官网
研究报告
首程控股（HK0697）
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 | 2656877000.0000 | 20033000.0000 | -707362000.0000 | -652767000.0000 | 3880819000.0000 | 2019168000.0000 | 1861651000.0000 |
| 2000 | 2211873000.0000 | 68721000.0000 | -314375000.0000 | -258402000.0000 | 3712224000.0000 | 2079710000.0000 | 1632514000.0000 |
| 2001 | 1942269000.0000 | 109093000.0000 | -780192000.0000 | -607378000.0000 | 3190866000.0000 | 1830575000.0000 | 1360291000.0000 |
| 2002 | 2000485000.0000 | 72561000.0000 | -377490000.0000 | -295051000.0000 | 1857257000.0000 | 1196457000.0000 | 660800000.0000 |
| 2003 | 2326692000.0000 | 374176000.0000 | 211162000.0000 | 67764000.0000 | 1983090000.0000 | 1041073000.0000 | 942017000.0000 |
| 2004 | 3289551000.0000 | 518979000.0000 | 372917000.0000 | 279343000.0000 | 2718116000.0000 | 847439000.0000 | 1870677000.0000 |
| 2005 | 4569979000.0000 | 426916000.0000 | 353227000.0000 | 303946000.0000 | 7448001000.0000 | 5014196000.0000 | 2433805000.0000 |
| 2006 | 6381328000.0000 | 853847000.0000 | 280030000.0000 | 221618000.0000 | 11259460000.0000 | 7997432000.0000 | 3262028000.0000 |
| 2007 | 10926391000.0000 | 2188433000.0000 | 1639335000.0000 | 1404196000.0000 | 16563541000.0000 | 8619608000.0000 | 7943933000.0000 |
| 2008 | 17464705000.0000 | 3439847000.0000 | 1854407000.0000 | 1419463000.0000 | 21027900000.0000 | 11966562000.0000 | 9061338000.0000 |
| 2009 | 11357623000.0000 | -731534000.0000 | -78390000.0000 | 71667000.0000 | 24246730000.0000 | 14505912000.0000 | 9740818000.0000 |
| 2010 | 15850276000.0000 | 712673000.0000 | 399566000.0000 | 499576000.0000 | 29628590000.0000 | 18931329000.0000 | 10697261000.0000 |
| 2011 | 21248664000.0000 | 160546000.0000 | 97215000.0000 | 152252000.0000 | 33560886000.0000 | 22445599000.0000 | 11115287000.0000 |
| 2012 | 16215940000.0000 | -1319032000.0000 | -2518364000.0000 | -1947206000.0000 | 29386120000.0000 | 20923316000.0000 | 8462804000.0000 |
| 2013 | 15266361000.0000 | -850317000.0000 | -1933497000.0000 | -1395502000.0000 | 28568892000.0000 | 21949741000.0000 | 6619151000.0000 |
| 2014 | 12756187000.0000 | -504937000.0000 | -2042440000.0000 | -1640708000.0000 | 25887668000.0000 | 21644268000.0000 | 4243400000.0000 |
| 2015 | 416121000.0000 | 62820000.0000 | -1445796000.0000 | -3349310000.0000 | 21262373000.0000 | 21042435000.0000 | 219938000.0000 |
| 2016 | 1035606000.0000 | 49394000.0000 | -427151000.0000 | -1621162000.0000 | 5847436000.0000 | 1142226000.0000 | 4705210000.0000 |
| 2017 | 3816145000.0000 | 9110000.0000 | 57286000.0000 | 57286000.0000 | 8186309000.0000 | 942657000.0000 | 7243652000.0000 |
| 2018 | 176504000.0000 | 108180000.0000 | 322512000.0000 | 353097000.0000 | 9430385000.0000 | 434929000.0000 | 8995456000.0000 |
| 2019 | 533166000.0000 | 210388000.0000 | 312860000.0000 | 443003000.0000 | 10997024000.0000 | 1174400000.0000 | 9822624000.0000 |
| 2020 | 705854000.0000 | 174394000.0000 | 672035000.0000 | 658613000.0000 | 14125632000.0000 | 2206334000.0000 | 11919298000.0000 |
| 2021 | 1195031000.0000 | 547203000.0000 | -989113000.0000 | -1095327000.0000 | 13382242000.0000 | 3153835000.0000 | 10228407000.0000 |
| 2022 | 1599809000.0000 | 1064418000.0000 | 1183438000.0000 | 922010000.0000 | 13656191000.0000 | 3632132000.0000 | 10024059000.0000 |
| 2023 | 883478000.0000 | 359719000.0000 | 466451000.0000 | 403565000.0000 | 13522517000.0000 | 3481782000.0000 | 10040735000.0000 |
| 2024 | 1215123000.0000 | 507092000.0000 | 474101000.0000 | 410200000.0000 | 13829083000.0000 | 4313239000.0000 | 9515844000.0000 |
| 2025 | 1436814000.0000 | 565075000.0000 | 390046000.0000 | 310172000.0000 | 15566710000.0000 | 4422655000.0000 | 11144055000.0000 |
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 | 0.75 | -22.0000 | -18.23 | -67.6100 | 12.01 | -- | 0.68 |
| 2000 | 3.11 | -15.0500 | -8.47 | -32.4800 | 8.68 | -- | 0.60 |
| 2001 | 5.62 | -39.2400 | -24.45 | -86.9500 | 6.40 | -- | 0.61 |
| 2002 | 3.63 | -19.8900 | -20.33 | -85.1200 | 10.82 | -- | 1.08 |
| 2003 | 16.08 | 8.0600 | 10.65 | 12.9800 | 8.79 | -- | 1.17 |
| 2004 | 15.78 | 9.6700 | 13.72 | 16.6800 | 9.85 | -- | 1.21 |
| 2005 | 9.34 | 4.8800 | 4.74 | 13.9700 | 7.65 | -- | 0.61 |
| 2006 | 13.38 | 4.0600 | 2.49 | 7.5300 | 6.53 | -- | 0.57 |
| 2007 | 20.03 | 14.7900 | 9.90 | 20.6100 | 6.73 | -- | 0.66 |
| 2008 | 19.70 | 10.7500 | 8.82 | 18.7700 | 7.44 | -- | 0.83 |
| 2009 | -6.44 | -4.2300 | -0.32 | 0.8400 | 7.46 | -- | 0.47 |
| 2010 | 4.50 | -0.4900 | 1.35 | 5.2200 | 4.34 | -- | 0.53 |
| 2011 | 0.76 | -2.2000 | 0.29 | 1.5000 | 5.18 | -- | 0.63 |
| 2012 | -8.13 | -17.8100 | -8.57 | -24.0600 | 5.38 | -- | 0.55 |
| 2013 | -5.57 | -14.5100 | -6.77 | -20.5200 | 5.17 | -- | 0.53 |
| 2014 | -3.96 | -14.1600 | -7.89 | -34.0000 | 5.51 | -- | 0.49 |
| 2015 | 15.10 | -281.3700 | -6.80 | -250.6400 | 0.23 | -- | 0.02 |
| 2016 | 4.77 | -42.1300 | -7.30 | -34.4500 | -- | -- | 0.18 |
| 2017 | 0.24 | -5.0100 | 0.70 | 0.8200 | -- | -- | 0.47 |
| 2018 | 61.29 | 24.8700 | 3.42 | 3.9400 | -- | -- | 0.02 |
| 2019 | 39.46 | 3.2400 | 2.84 | 4.5700 | -- | -- | 0.05 |
| 2020 | 24.71 | -2.1800 | 4.76 | 5.5900 | -- | -- | 0.05 |
| 2021 | 45.79 | 41.3900 | -7.39 | -10.8000 | -- | -- | 0.09 |
| 2022 | 66.53 | 77.7400 | 8.67 | 9.2900 | -- | -- | 0.12 |
| 2023 | 40.72 | 59.9100 | 3.45 | 4.0700 | -- | -- | 0.07 |
| 2024 | 41.73 | 40.7900 | 3.43 | 4.3500 | -- | -- | 0.09 |
| 2025 | 39.33 | 27.7100 | 2.51 | 2.8000 | 2441.85 | -- | 0.09 |
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 | 52.03 | 47.97 | 1.14 | 0.94 |
| 2000 | 56.02 | 43.98 | 0.77 | 0.60 |
| 2001 | 57.37 | 42.63 | 0.80 | 0.57 |
| 2002 | 64.42 | 35.58 | 0.91 | 0.65 |
| 2003 | 52.50 | 47.50 | 0.96 | 0.66 |
| 2004 | 31.18 | 68.82 | 1.66 | 1.25 |
| 2005 | 67.32 | 32.68 | 0.50 | 0.35 |
| 2006 | 71.03 | 28.97 | 0.57 | 0.42 |
| 2007 | 52.04 | 47.96 | 0.92 | 0.75 |
| 2008 | 56.91 | 43.09 | 1.24 | 1.00 |
| 2009 | 59.83 | 40.17 | 0.55 | 0.39 |
| 2010 | 63.90 | 36.10 | 0.54 | 0.33 |
| 2011 | 66.88 | 33.12 | 0.58 | 0.38 |
| 2012 | 71.20 | 28.80 | 0.42 | 0.26 |
| 2013 | 76.83 | 23.17 | 0.39 | 0.24 |
| 2014 | 83.61 | 16.39 | 0.35 | 0.23 |
| 2015 | 98.97 | 1.03 | 0.29 | 0.21 |
| 2016 | 19.53 | 80.47 | 0.85 | 0.85 |
| 2017 | 11.52 | 88.48 | 2.73 | 2.73 |
| 2018 | 4.61 | 95.39 | 8.33 | 8.33 |
| 2019 | 10.68 | 89.32 | 13.14 | 13.14 |
| 2020 | 15.62 | 84.38 | 6.88 | 6.88 |
| 2021 | 23.57 | 76.43 | 8.04 | 8.04 |
| 2022 | 26.60 | 73.40 | 4.00 | 4.00 |
| 2023 | 25.75 | 74.25 | 4.23 | 4.23 |
| 2024 | 31.19 | 68.81 | 6.65 | 6.65 |
| 2025 | 28.41 | 71.59 | 6.32 | 6.32 |
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 | 2636844000.0000 | -- | 208573000.0000 | 87595000.0000 |
| 2000 | 2143152000.0000 | -- | 177550000.0000 | 68422000.0000 |
| 2001 | 1833176000.0000 | -- | 191406000.0000 | 69800000.0000 |
| 2002 | 1927924000.0000 | -- | 175538000.0000 | 40286000.0000 |
| 2003 | 1952516000.0000 | -- | 157182000.0000 | 26030000.0000 |
| 2004 | 2770572000.0000 | -- | 164398000.0000 | 12870000.0000 |
| 2005 | 4143063000.0000 | -- | 207473000.0000 | 39947000.0000 |
| 2006 | 5527481000.0000 | -- | 315277000.0000 | 260780000.0000 |
| 2007 | 8737958000.0000 | -- | 504846000.0000 | 347714000.0000 |
| 2008 | 14024858000.0000 | -- | 643538000.0000 | 448748000.0000 |
| 2009 | 12089157000.0000 | -- | 461684000.0000 | 392863000.0000 |
| 2010 | 15137603000.0000 | -- | 474436000.0000 | 444527000.0000 |
| 2011 | 21088118000.0000 | -- | 515227000.0000 | 568223000.0000 |
| 2012 | 17534972000.0000 | -- | 508378000.0000 | 794135000.0000 |
| 2013 | 16116678000.0000 | -- | 466504000.0000 | 802085000.0000 |
| 2014 | 13261124000.0000 | -- | 486452000.0000 | 773125000.0000 |
| 2015 | 353301000.0000 | -- | 37069000.0000 | 39815000.0000 |
| 2016 | 986212000.0000 | -- | 58958000.0000 | 31036000.0000 |
| 2017 | 3807035000.0000 | -- | 42261000.0000 | 17392000.0000 |
| 2018 | 68324000.0000 | -- | 161849000.0000 | 5699000.0000 |
| 2019 | 322778000.0000 | -- | 235190000.0000 | 27358000.0000 |
| 2020 | 531460000.0000 | -- | 250972000.0000 | 77168000.0000 |
| 2021 | 647828000.0000 | -- | 343154000.0000 | 74343000.0000 |
| 2022 | 535391000.0000 | -- | 378568000.0000 | 102356000.0000 |
| 2023 | 523759000.0000 | -- | 299979000.0000 | 105689000.0000 |
| 2024 | 708031000.0000 | -- | 303284000.0000 | 116287000.0000 |
| 2025 | 871739000.0000 | -- | 341907000.0000 | 142041000.0000 |