中商官网
研究报告
合生创展集团（HK0754）
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 | 1328513000.0000 | 559998000.0000 | 475332000.0000 | 288911000.0000 | 3538162000.0000 | 1802806000.0000 | 1735356000.0000 |
| 2000 | 1198378000.0000 | 368590000.0000 | 240383000.0000 | 160864000.0000 | 4483558000.0000 | 2171694000.0000 | 2311864000.0000 |
| 2001 | 1170871000.0000 | 388207000.0000 | 215880000.0000 | 120965000.0000 | 5626529000.0000 | 3192835000.0000 | 2433694000.0000 |
| 2002 | 2126789000.0000 | 779053000.0000 | 510864000.0000 | 229082000.0000 | 8747022000.0000 | 6005076000.0000 | 2741946000.0000 |
| 2003 | 3325922000.0000 | 894310000.0000 | 635942000.0000 | 315354000.0000 | 10344430000.0000 | 7126567000.0000 | 3217863000.0000 |
| 2004 | 3973184000.0000 | 1077414000.0000 | 816146000.0000 | 432785000.0000 | 14099983000.0000 | 10771209000.0000 | 3328774000.0000 |
| 2005 | 6133894000.0000 | 1944619000.0000 | 1812627000.0000 | 1217323000.0000 | 19583644000.0000 | 13818369000.0000 | 5765275000.0000 |
| 2006 | 6920294000.0000 | 2410954000.0000 | 2461536000.0000 | 1553752000.0000 | 25704560000.0000 | 17476645000.0000 | 8227915000.0000 |
| 2007 | 11130643000.0000 | 4460645000.0000 | 5177451000.0000 | 3517312000.0000 | 47933442000.0000 | 27855132000.0000 | 20078310000.0000 |
| 2008 | 10774624000.0000 | 4858648000.0000 | 3861762000.0000 | 1963724000.0000 | 58271788000.0000 | 35707715000.0000 | 22564073000.0000 |
| 2009 | 11225246000.0000 | 4667261000.0000 | 8791918000.0000 | 5799573000.0000 | 70654264000.0000 | 40154788000.0000 | 30499476000.0000 |
| 2010 | 14379253000.0000 | 5687232000.0000 | 8843109000.0000 | 5889412000.0000 | 91160760000.0000 | 50167661000.0000 | 40993099000.0000 |
| 2011 | 8007537000.0000 | 3678376000.0000 | 2197184000.0000 | 1430031000.0000 | 109896725000.0000 | 65830616000.0000 | 44066109000.0000 |
| 2012 | 9926605000.0000 | 4242885000.0000 | 4248851000.0000 | 2982790000.0000 | 117480751000.0000 | 72486151000.0000 | 44994600000.0000 |
| 2013 | 15648207000.0000 | 5987351000.0000 | 6309673000.0000 | 3852073000.0000 | 135183672000.0000 | 80026486000.0000 | 55157186000.0000 |
| 2014 | 17044862000.0000 | 5251665000.0000 | 4995193000.0000 | 2947301000.0000 | 143686998000.0000 | 85701560000.0000 | 57985438000.0000 |
| 2015 | 12845184000.0000 | 3161988000.0000 | 2839305000.0000 | 1645942000.0000 | 140176692000.0000 | 83658301000.0000 | 56518391000.0000 |
| 2016 | 16255697000.0000 | 4479431000.0000 | 5628305000.0000 | 3868433000.0000 | 132992941000.0000 | 76587875000.0000 | 56405066000.0000 |
| 2017 | 13823946000.0000 | 5085471000.0000 | 8745804000.0000 | 5796385000.0000 | 153813395000.0000 | 87575737000.0000 | 66237658000.0000 |
| 2018 | 13293532000.0000 | 6527936000.0000 | 8994322000.0000 | 5775467000.0000 | 164110970000.0000 | 96337335000.0000 | 67773635000.0000 |
| 2019 | 18600580000.0000 | 9363144000.0000 | 14761975000.0000 | 9486000000.0000 | 204103643000.0000 | 129088241000.0000 | 75015402000.0000 |
| 2020 | 34371276000.0000 | 21831745000.0000 | 18640360000.0000 | 13633830000.0000 | 300871334000.0000 | 203003178000.0000 | 97868156000.0000 |
| 2021 | 30734196000.0000 | 13144874000.0000 | 16296858000.0000 | 9759179000.0000 | 346233856000.0000 | 233204687000.0000 | 113029169000.0000 |
| 2022 | 27252008000.0000 | 8280804000.0000 | 13067517000.0000 | 8762461000.0000 | 298714401000.0000 | 200336235000.0000 | 98378166000.0000 |
| 2023 | 34291809000.0000 | 9496472000.0000 | 6294102000.0000 | 2922321000.0000 | 288694135000.0000 | 187709286000.0000 | 100984849000.0000 |
| 2024 | 37834224000.0000 | 9558097000.0000 | 2805888000.0000 | 119582000.0000 | 256882175000.0000 | 157966693000.0000 | 98915482000.0000 |
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 | 42.15 | 35.7800 | 13.43 | 17.2000 | 0.70 | -- | 0.38 |
| 2000 | 30.76 | 20.0600 | 5.36 | 7.4600 | 0.61 | -- | 0.27 |
| 2001 | 33.16 | 17.3600 | 3.84 | 5.3700 | 0.37 | -- | 0.21 |
| 2002 | 36.63 | 19.8600 | 5.84 | 9.3700 | 0.36 | -- | 0.24 |
| 2003 | 26.89 | 15.8200 | 6.15 | 11.7000 | 0.56 | -- | 0.32 |
| 2004 | 27.12 | 19.1100 | 5.79 | 13.6400 | 0.37 | -- | 0.28 |
| 2005 | 31.70 | 26.4300 | 9.26 | 22.2800 | 0.40 | -- | 0.31 |
| 2006 | 34.84 | 33.7200 | 9.58 | 19.8200 | 0.34 | -- | 0.27 |
| 2007 | 40.08 | 45.6000 | 10.80 | 19.6900 | 0.28 | -- | 0.23 |
| 2008 | 45.09 | 35.8600 | 6.63 | 9.7300 | 0.16 | -- | 0.18 |
| 2009 | 41.58 | 74.9000 | 12.44 | 20.5700 | 0.17 | -- | 0.16 |
| 2010 | 39.55 | 61.5000 | 9.70 | 15.4200 | 0.20 | -- | 0.16 |
| 2011 | 45.94 | 27.4800 | 2.00 | 3.4800 | 0.07 | -- | 0.07 |
| 2012 | 42.74 | 42.7700 | 3.62 | 7.0700 | 0.08 | -- | 0.08 |
| 2013 | 38.26 | 31.2300 | 4.67 | 7.3000 | 0.13 | -- | 0.12 |
| 2014 | 30.81 | 28.7700 | 3.48 | 5.3000 | 0.15 | -- | 0.12 |
| 2015 | 24.62 | 20.9100 | 2.03 | 3.0300 | 0.13 | -- | 0.09 |
| 2016 | 27.56 | 33.7300 | 4.23 | 7.1100 | 0.18 | -- | 0.12 |
| 2017 | 36.79 | 62.6200 | 5.69 | 9.0400 | 0.13 | -- | 0.09 |
| 2018 | 49.11 | 67.6900 | 5.48 | 8.7900 | 0.09 | -- | 0.08 |
| 2019 | 50.34 | 78.7500 | 7.23 | 13.0700 | 0.10 | -- | 0.09 |
| 2020 | 63.52 | 54.1200 | 6.20 | 15.4900 | 0.11 | -- | 0.11 |
| 2021 | 42.77 | 49.6400 | 4.71 | 10.1300 | 0.14 | -- | 0.09 |
| 2022 | 30.39 | 48.0900 | 4.37 | 9.4100 | 0.17 | -- | 0.09 |
| 2023 | 27.69 | 18.0400 | 2.18 | 3.0600 | 0.21 | -- | 0.12 |
| 2024 | 25.26 | 8.0200 | 1.09 | 0.1300 | 0.28 | -- | 0.15 |
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 | 50.95 | 49.05 | 1.66 | 0.65 |
| 2000 | 48.44 | 51.56 | 1.65 | 0.65 |
| 2001 | 56.75 | 43.25 | 1.64 | 0.50 |
| 2002 | 68.65 | 31.35 | 1.16 | 0.19 |
| 2003 | 68.89 | 31.11 | 1.28 | 0.27 |
| 2004 | 76.39 | 23.61 | 1.09 | 0.18 |
| 2005 | 70.56 | 29.44 | 1.72 | 0.46 |
| 2006 | 67.99 | 32.01 | 1.88 | 0.52 |
| 2007 | 58.11 | 41.89 | 2.91 | 1.24 |
| 2008 | 61.28 | 38.72 | 2.49 | 0.53 |
| 2009 | 56.83 | 43.17 | 2.19 | 0.64 |
| 2010 | 55.03 | 44.97 | 2.75 | 0.98 |
| 2011 | 59.90 | 40.10 | 2.16 | 0.56 |
| 2012 | 61.70 | 38.30 | 1.97 | 0.44 |
| 2013 | 59.20 | 40.80 | 2.20 | 0.45 |
| 2014 | 59.64 | 40.36 | 2.32 | 0.46 |
| 2015 | 59.68 | 40.32 | 2.23 | 0.43 |
| 2016 | 57.59 | 42.41 | 2.44 | 0.54 |
| 2017 | 56.94 | 43.06 | 2.17 | 0.51 |
| 2018 | 58.70 | 41.30 | 2.15 | 0.59 |
| 2019 | 63.25 | 36.75 | 1.98 | 0.63 |
| 2020 | 67.47 | 32.53 | 2.23 | 1.03 |
| 2021 | 67.35 | 32.65 | 1.79 | 0.82 |
| 2022 | 67.07 | 32.93 | 1.64 | 0.62 |
| 2023 | 65.02 | 34.98 | 1.43 | 0.44 |
| 2024 | 61.49 | 38.51 | 1.61 | 0.51 |
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 | 768515000.0000 | -- | 26305000.0000 | -15907000.0000 |
| 2000 | 829788000.0000 | -- | 44095000.0000 | -7241000.0000 |
| 2001 | 782664000.0000 | -- | 57080000.0000 | 5938000.0000 |
| 2002 | 1347736000.0000 | -- | 146201000.0000 | 12644000.0000 |
| 2003 | 2431612000.0000 | -- | 139852000.0000 | 4280000.0000 |
| 2004 | 2895770000.0000 | -- | 241898000.0000 | 13375000.0000 |
| 2005 | 4189275000.0000 | -- | 331075000.0000 | 42584000.0000 |
| 2006 | 4509340000.0000 | -- | 296600000.0000 | 57994000.0000 |
| 2007 | 6669998000.0000 | -- | 510672000.0000 | 86522000.0000 |
| 2008 | 5915976000.0000 | -- | 690877000.0000 | 214389000.0000 |
| 2009 | 6557985000.0000 | -- | 995041000.0000 | 320088000.0000 |
| 2010 | 8692021000.0000 | -- | 1117712000.0000 | 236268000.0000 |
| 2011 | 4329161000.0000 | -- | 1271430000.0000 | 209441000.0000 |
| 2012 | 5683720000.0000 | -- | 1357088000.0000 | 180022000.0000 |
| 2013 | 9660856000.0000 | -- | 1411121000.0000 | -31069000.0000 |
| 2014 | 11793197000.0000 | -- | 1389354000.0000 | -65267000.0000 |
| 2015 | 9683196000.0000 | -- | 1296371000.0000 | -17398000.0000 |
| 2016 | 11776266000.0000 | -- | 1218331000.0000 | 53045000.0000 |
| 2017 | 8738475000.0000 | -- | 1349594000.0000 | -38676000.0000 |
| 2018 | 6765596000.0000 | -- | 1581856000.0000 | 404370000.0000 |
| 2019 | 9237436000.0000 | -- | 1831815000.0000 | 608128000.0000 |
| 2020 | 12539531000.0000 | -- | 2988358000.0000 | 1528239000.0000 |
| 2021 | 17589322000.0000 | -- | 5925157000.0000 | 1264791000.0000 |
| 2022 | 18971204000.0000 | -- | 2913217000.0000 | 952679000.0000 |
| 2023 | 24795337000.0000 | -- | 2289872000.0000 | 414732000.0000 |
| 2024 | 28276127000.0000 | -- | 1980131000.0000 | 1157879000.0000 |