中商官网
研究报告
中国联通（HK0762）
主要经济指标
| 类别\年份 | 营业额 （元) |
营业利润 （元) |
利润总额 （元) |
净利润 （元) |
资产合计 （元) |
负债合计 （元) |
权益合计 （元) |
| 1999 | 17450007000.0000 | 13462933000.0000 | 1759006000.0000 | 839147000.0000 | 45366065000.0000 | 34297437000.0000 | 11068628000.0000 |
| 2000 | 23692458000.0000 | 20120055000.0000 | 4482731000.0000 | 3234051000.0000 | 112828826000.0000 | 54721172000.0000 | 58107654000.0000 |
| 2001 | 29392886000.0000 | 25978058000.0000 | 5462588000.0000 | 4456761000.0000 | 127904892000.0000 | 65394324000.0000 | 62510568000.0000 |
| 2002 | 40576525000.0000 | 35110679000.0000 | 6303166000.0000 | 4598213000.0000 | 149628205000.0000 | 82409413000.0000 | 67218792000.0000 |
| 2003 | 67636325000.0000 | 58063487000.0000 | 6095849000.0000 | 4217097000.0000 | 149837930000.0000 | 80222440000.0000 | 69615490000.0000 |
| 2004 | 79087124000.0000 | 69007893000.0000 | 6470592000.0000 | 4493451000.0000 | 149038395000.0000 | 76596154000.0000 | 72442241000.0000 |
| 2005 | 87048831000.0000 | 75101145000.0000 | 7101697000.0000 | 4931052000.0000 | 142629989000.0000 | 66342910000.0000 | 76287079000.0000 |
| 2006 | 95347315000.0000 | 80761214000.0000 | 6564912000.0000 | 3800920000.0000 | 148296714000.0000 | 68432549000.0000 | 79864165000.0000 |
| 2007 | 150687000000.0000 | 123451000000.0000 | 27241000000.0000 | 21437000000.0000 | 334087000000.0000 | 155571000000.0000 | 178516000000.0000 |
| 2008 | 159792000000.0000 | 128018000000.0000 | 9653000000.0000 | 35398000000.0000 | 348752000000.0000 | 141025000000.0000 | 207727000000.0000 |
| 2009 | 153945000000.0000 | 117262000000.0000 | 12277000000.0000 | 9556000000.0000 | 417045000000.0000 | 210578000000.0000 | 206467000000.0000 |
| 2010 | 171370000000.0000 | 120568000000.0000 | 4584000000.0000 | 3701000000.0000 | 441269000000.0000 | 235608000000.0000 | 205661000000.0000 |
| 2011 | 209167000000.0000 | 133599000000.0000 | 5598000000.0000 | 4227000000.0000 | 456233000000.0000 | 250335000000.0000 | 205898000000.0000 |
| 2012 | 248926000000.0000 | 152689000000.0000 | 9521000000.0000 | 7096000000.0000 | 516124000000.0000 | 306619000000.0000 | 209505000000.0000 |
| 2013 | 295038000000.0000 | 177710000000.0000 | 13714000000.0000 | 10408000000.0000 | 529171000000.0000 | 310272000000.0000 | 218899000000.0000 |
| 2014 | 284681000000.0000 | 188834000000.0000 | 15931000000.0000 | 12055000000.0000 | 545072000000.0000 | 317531000000.0000 | 227541000000.0000 |
| 2015 | 277049000000.0000 | 177602000000.0000 | 14035000000.0000 | 10562000000.0000 | 610346000000.0000 | 379130000000.0000 | 231216000000.0000 |
| 2016 | 274197000000.0000 | 170990000000.0000 | 784000000.0000 | 625000000.0000 | 614154000000.0000 | 386472000000.0000 | 227682000000.0000 |
| 2017 | 274829000000.0000 | 181062000000.0000 | 2593000000.0000 | 1828000000.0000 | 571983000000.0000 | 267636000000.0000 | 304347000000.0000 |
| 2018 | 290877000000.0000 | 195617000000.0000 | 13081000000.0000 | 10197000000.0000 | 540320000000.0000 | 226034000000.0000 | 314286000000.0000 |
| 2019 | 290515000000.0000 | 209354000000.0000 | 14167000000.0000 | 11330000000.0000 | 562499000000.0000 | 241744000000.0000 | 320755000000.0000 |
| 2020 | 303838000000.0000 | 220116000000.0000 | 16027000000.0000 | 12493000000.0000 | 580616000000.0000 | 253096000000.0000 | 327520000000.0000 |
| 2021 | 327854000000.0000 | 232527000000.0000 | 17927000000.0000 | 14368000000.0000 | 591076000000.0000 | 257643000000.0000 | 333433000000.0000 |
| 2022 | 354944000000.0000 | 252852000000.0000 | 20588000000.0000 | 16745000000.0000 | 642663000000.0000 | 299127000000.0000 | 343536000000.0000 |
| 2023 | 372597000000.0000 | 264874000000.0000 | 22945000000.0000 | 18726000000.0000 | 661051000000.0000 | 307153000000.0000 | 353898000000.0000 |
| 2024 | 389589000000.0000 | 271579000000.0000 | 25254000000.0000 | 20613000000.0000 | 671237000000.0000 | 307667000000.0000 | 363570000000.0000 |
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 | 77.15 | 10.0800 | 3.88 | 9.8300 | 5.43 | -- | 0.38 |
| 2000 | 84.92 | 18.9200 | 3.97 | 5.6500 | 5.26 | -- | 0.21 |
| 2001 | 88.38 | 18.5800 | 4.27 | 7.2300 | 4.54 | -- | 0.23 |
| 2002 | 86.53 | 15.5300 | 4.21 | 6.9000 | 1.69 | -- | 0.27 |
| 2003 | 85.85 | 9.0100 | 4.07 | 6.0600 | 4.41 | -- | 0.45 |
| 2004 | 87.26 | 8.1800 | 4.34 | 6.2000 | 3.24 | -- | 0.53 |
| 2005 | 86.27 | 8.1600 | 4.98 | 6.4600 | 5.67 | -- | 0.61 |
| 2006 | 84.70 | 6.8900 | 4.43 | 4.7600 | 6.14 | -- | 0.64 |
| 2007 | 81.93 | 18.0800 | 8.15 | 12.0100 | 9.68 | -- | 0.45 |
| 2008 | 80.12 | 6.0400 | 2.77 | 17.0400 | 29.10 | -- | 0.46 |
| 2009 | 76.17 | 7.9700 | 2.94 | 4.6300 | 15.21 | -- | 0.37 |
| 2010 | 70.36 | 2.6700 | 1.04 | 1.8000 | 13.63 | -- | 0.39 |
| 2011 | 63.87 | 2.6800 | 1.23 | 2.0500 | 16.25 | -- | 0.46 |
| 2012 | 61.34 | 3.8200 | 1.84 | 3.3900 | 16.58 | -- | 0.48 |
| 2013 | 60.23 | 4.6500 | 2.59 | 4.7500 | 21.19 | -- | 0.56 |
| 2014 | 66.33 | 5.6000 | 2.92 | 5.3000 | 21.89 | -- | 0.52 |
| 2015 | 64.10 | 5.3600 | 2.30 | 4.5700 | 25.20 | -- | 0.45 |
| 2016 | 62.36 | 0.1600 | 0.13 | 0.2700 | 42.45 | -- | 0.45 |
| 2017 | 65.88 | 0.4100 | 0.45 | 0.6000 | 41.88 | -- | 0.48 |
| 2018 | 67.25 | 3.4400 | 2.42 | 3.2500 | 39.89 | -- | 0.54 |
| 2019 | 72.06 | 4.1900 | 2.52 | 3.5400 | 34.40 | -- | 0.52 |
| 2020 | 72.45 | 4.4900 | 2.76 | 3.8300 | 42.91 | -- | 0.52 |
| 2021 | 70.92 | 4.4600 | 3.03 | 4.3200 | 51.64 | -- | 0.55 |
| 2022 | 71.24 | 4.7400 | 3.20 | 4.9000 | 54.25 | -- | 0.55 |
| 2023 | 71.09 | 5.0000 | 3.47 | 5.3300 | 48.59 | -- | 0.56 |
| 2024 | 69.71 | 5.4400 | 3.76 | 5.7100 | 47.91 | -- | 0.58 |
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 | 75.60 | 24.40 | 0.48 | 0.45 |
| 2000 | 48.50 | 51.50 | 2.10 | 2.08 |
| 2001 | 51.13 | 48.87 | 1.73 | 1.70 |
| 2002 | 55.08 | 44.92 | 0.72 | 0.64 |
| 2003 | 53.54 | 46.46 | 0.51 | 0.46 |
| 2004 | 51.39 | 48.61 | 0.37 | 0.31 |
| 2005 | 46.51 | 53.49 | 0.30 | 0.26 |
| 2006 | 46.15 | 53.85 | 0.40 | 0.35 |
| 2007 | 46.57 | 53.43 | 0.26 | 0.24 |
| 2008 | 40.44 | 59.56 | 0.30 | 0.29 |
| 2009 | 50.49 | 49.51 | 0.15 | 0.14 |
| 2010 | 53.39 | 46.61 | 0.21 | 0.19 |
| 2011 | 54.87 | 45.13 | 0.18 | 0.16 |
| 2012 | 59.41 | 40.59 | 0.16 | 0.14 |
| 2013 | 58.63 | 41.37 | 0.18 | 0.16 |
| 2014 | 58.25 | 41.75 | 0.19 | 0.18 |
| 2015 | 62.12 | 37.88 | 0.17 | 0.16 |
| 2016 | 62.93 | 37.07 | 0.24 | 0.23 |
| 2017 | 46.79 | 53.21 | 0.32 | 0.31 |
| 2018 | 41.83 | 58.17 | 0.35 | 0.34 |
| 2019 | 42.98 | 57.02 | 0.41 | 0.40 |
| 2020 | 43.59 | 56.41 | 0.49 | 0.48 |
| 2021 | 43.59 | 56.41 | 0.53 | 0.53 |
| 2022 | 46.54 | 53.46 | 0.58 | 0.58 |
| 2023 | 46.46 | 53.54 | 0.60 | 0.59 |
| 2024 | 45.84 | 54.16 | 0.59 | 0.58 |
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) |
| 1999 | 3987074000.0000 | -- | 6724780000.0000 | 703211000.0000 |
| 2000 | 3572403000.0000 | -- | 10412944000.0000 | -395059000.0000 |
| 2001 | 3414828000.0000 | -- | 14646115000.0000 | -179406000.0000 |
| 2002 | 5465846000.0000 | -- | 19290098000.0000 | 1004159000.0000 |
| 2003 | 9572838000.0000 | -- | 28862196000.0000 | 1762989000.0000 |
| 2004 | 10079231000.0000 | -- | 23626131000.0000 | 1593168000.0000 |
| 2005 | 11947686000.0000 | -- | 25984493000.0000 | 1003125000.0000 |
| 2006 | 14586101000.0000 | -- | 29367247000.0000 | 396090000.0000 |
| 2007 | 27236000000.0000 | -- | 64909000000.0000 | 2946000000.0000 |
| 2008 | 31774000000.0000 | -- | 68719000000.0000 | 2158000000.0000 |
| 2009 | 36683000000.0000 | -- | 69518000000.0000 | 945000000.0000 |
| 2010 | 50802000000.0000 | -- | 78002000000.0000 | 1606000000.0000 |
| 2011 | 75568000000.0000 | -- | 84622000000.0000 | 1244000000.0000 |
| 2012 | 96237000000.0000 | -- | 89835000000.0000 | 3424000000.0000 |
| 2013 | 117328000000.0000 | -- | 99979000000.0000 | 2940000000.0000 |
| 2014 | 95847000000.0000 | -- | 108520000000.0000 | 4334000000.0000 |
| 2015 | 99447000000.0000 | -- | 111878000000.0000 | 6496000000.0000 |
| 2016 | 103207000000.0000 | -- | 113712000000.0000 | 3857000000.0000 |
| 2017 | 93767000000.0000 | -- | 119963000000.0000 | 4087000000.0000 |
| 2018 | 95260000000.0000 | -- | 123920000000.0000 | -87000000.0000 |
| 2019 | 81161000000.0000 | -- | 133596000000.0000 | 851000000.0000 |
| 2020 | 83722000000.0000 | -- | 138757000000.0000 | 381000000.0000 |
| 2021 | 95327000000.0000 | -- | 144596000000.0000 | 170000000.0000 |
| 2022 | 102092000000.0000 | -- | 147555000000.0000 | -652000000.0000 |
| 2023 | 107723000000.0000 | -- | 147786000000.0000 | -124000000.0000 |
| 2024 | 118010000000.0000 | -- | 148323000000.0000 | -197000000.0000 |