中商官网
研究报告
中国秦发（HK0866）
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) |
| 2006 | 2850489000.0000 | 235618000.0000 | 66682000.0000 | 51802000.0000 | 1198023000.0000 | 793230000.0000 | 404793000.0000 |
| 2007 | 3664632000.0000 | 571394000.0000 | 248316000.0000 | 207251000.0000 | 1909923000.0000 | 1274795000.0000 | 635128000.0000 |
| 2008 | 4192484000.0000 | 559916000.0000 | 395299000.0000 | 330690000.0000 | 2085482000.0000 | 1350527000.0000 | 734955000.0000 |
| 2009 | 3926993000.0000 | 425655000.0000 | 227564000.0000 | 129503000.0000 | 4160706000.0000 | 2783419000.0000 | 1377287000.0000 |
| 2010 | 6455805000.0000 | 757617000.0000 | 501888000.0000 | 377222000.0000 | 6421676000.0000 | 4647047000.0000 | 1774629000.0000 |
| 2011 | 9971106000.0000 | 1088408000.0000 | 697137000.0000 | 570470000.0000 | 13079089000.0000 | 9824241000.0000 | 3254848000.0000 |
| 2012 | 11085285000.0000 | 1513379000.0000 | 452268000.0000 | 257748000.0000 | 18186687000.0000 | 14298021000.0000 | 3888666000.0000 |
| 2013 | 10830133000.0000 | 1063016000.0000 | -14605000.0000 | -252399000.0000 | 18546277000.0000 | 14855639000.0000 | 3690638000.0000 |
| 2014 | 6449446000.0000 | -203274000.0000 | -1176823000.0000 | -1188054000.0000 | 14881169000.0000 | 12514827000.0000 | 2366342000.0000 |
| 2015 | 1377207000.0000 | -676678000.0000 | -8033305000.0000 | -6015912000.0000 | 5310782000.0000 | 9940178000.0000 | -4629396000.0000 |
| 2016 | 716187000.0000 | 36503000.0000 | -127033000.0000 | -335572000.0000 | 5662432000.0000 | 10583739000.0000 | -4921307000.0000 |
| 2017 | 3005671000.0000 | 686628000.0000 | 4686441000.0000 | 3153325000.0000 | 10298242000.0000 | 11502859000.0000 | -1204617000.0000 |
| 2018 | 3652869000.0000 | 390674000.0000 | 1759082000.0000 | 1499543000.0000 | 9874769000.0000 | 9391923000.0000 | 482846000.0000 |
| 2019 | 2799520000.0000 | 406558000.0000 | -4506000.0000 | 76213000.0000 | 9354633000.0000 | 8789369000.0000 | 565264000.0000 |
| 2020 | 2247363000.0000 | 355315000.0000 | -4312998000.0000 | -2906441000.0000 | 5297925000.0000 | 8194009000.0000 | -2896084000.0000 |
| 2021 | 4559180000.0000 | 1941119000.0000 | 3970096000.0000 | 2788686000.0000 | 7896513000.0000 | 7579998000.0000 | 316515000.0000 |
| 2022 | 3794039000.0000 | 1273283000.0000 | 766781000.0000 | 451489000.0000 | 7850531000.0000 | 7037320000.0000 | 813211000.0000 |
| 2023 | 3449182000.0000 | 878020000.0000 | 352137000.0000 | 195073000.0000 | 7857573000.0000 | 7538655000.0000 | 318918000.0000 |
| 2024 | 2600933000.0000 | 514543000.0000 | 588799000.0000 | 496610000.0000 | 8629329000.0000 | 5143084000.0000 | 3486245000.0000 |
| 2025 | 1839026000.0000 | 473370000.0000 | 130470000.0000 | -99192000.0000 | 6654646000.0000 | 3960705000.0000 | 2693941000.0000 |
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) |
| 2006 | 8.27 | 2.3400 | 5.57 | 12.8400 | 9.12 | -- | 2.38 |
| 2007 | 15.59 | 6.7800 | 13.00 | 32.6300 | 7.65 | -- | 1.92 |
| 2008 | 13.36 | 9.4300 | 18.95 | 44.9900 | 46.74 | -- | 2.01 |
| 2009 | 10.84 | 5.7900 | 5.47 | 9.4000 | 9.78 | -- | 0.94 |
| 2010 | 11.74 | 7.8000 | 7.82 | 21.9400 | 10.80 | -- | 1.01 |
| 2011 | 10.92 | 6.7600 | 5.33 | 25.4000 | 17.60 | -- | 0.76 |
| 2012 | 13.65 | 4.1000 | 2.49 | 9.7900 | 18.91 | -- | 0.61 |
| 2013 | 9.82 | -0.1100 | -0.08 | -10.9600 | 24.39 | -- | 0.58 |
| 2014 | -3.15 | -18.0700 | -7.91 | -106.5500 | 20.38 | -- | 0.43 |
| 2015 | -49.13 | -582.8300 | -151.26 | 126.0200 | 23.32 | -- | 0.26 |
| 2016 | 5.10 | -17.7400 | -2.24 | 6.6100 | 13.69 | -- | 0.13 |
| 2017 | 22.84 | 155.9200 | 45.51 | -163.0500 | 23.39 | -- | 0.29 |
| 2018 | 10.69 | 48.1600 | 17.81 | -352.4400 | 52.74 | -- | 0.37 |
| 2019 | 14.52 | -0.1600 | -0.05 | -22.2600 | 40.20 | -- | 0.30 |
| 2020 | 15.81 | -191.9100 | -81.41 | 88.9300 | 34.01 | -- | 0.42 |
| 2021 | 42.58 | 87.0800 | 50.28 | -619.5700 | 12.04 | -- | 0.58 |
| 2022 | 33.56 | 20.2100 | 9.77 | 3445.1700 | 5.74 | -- | 0.48 |
| 2023 | 25.46 | 10.2100 | 4.48 | -41.2500 | 12.79 | -- | 0.44 |
| 2024 | 19.78 | 22.6400 | 6.82 | 25.1900 | 4.79 | -- | 0.30 |
| 2025 | 25.74 | 7.0900 | 1.96 | -4.7900 | 3.35 | -- | 0.28 |
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 |
| 2006 | 66.21 | 33.79 | 1.22 | 0.86 |
| 2007 | 66.75 | 33.25 | 1.25 | 0.85 |
| 2008 | 64.76 | 35.24 | 1.05 | 0.98 |
| 2009 | 66.90 | 33.10 | 1.22 | 1.08 |
| 2010 | 72.37 | 27.63 | 1.21 | 1.07 |
| 2011 | 75.11 | 24.89 | 0.81 | 0.72 |
| 2012 | 78.62 | 21.38 | 0.82 | 0.77 |
| 2013 | 80.10 | 19.90 | 0.65 | 0.61 |
| 2014 | 84.10 | 15.90 | 0.36 | 0.32 |
| 2015 | 187.17 | -87.17 | 0.09 | 0.09 |
| 2016 | 186.91 | -86.91 | 0.07 | 0.07 |
| 2017 | 111.70 | -11.70 | 0.12 | 0.11 |
| 2018 | 95.11 | 4.89 | 0.15 | 0.14 |
| 2019 | 93.96 | 6.04 | 0.12 | 0.11 |
| 2020 | 154.66 | -54.66 | 0.18 | 0.17 |
| 2021 | 95.99 | 4.01 | 0.41 | 0.36 |
| 2022 | 89.64 | 10.36 | 0.33 | 0.25 |
| 2023 | 95.94 | 4.06 | 0.36 | 0.32 |
| 2024 | 59.60 | 40.40 | 0.50 | 0.39 |
| 2025 | 59.52 | 40.48 | 1.15 | 0.93 |
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) |
| 2006 | 2614871000.0000 | -- | 22157000.0000 | 17698000.0000 |
| 2007 | 3093238000.0000 | -- | 42833000.0000 | 30192000.0000 |
| 2008 | 3632568000.0000 | -- | 59579000.0000 | 48577000.0000 |
| 2009 | 3501338000.0000 | -- | 80267000.0000 | 30057000.0000 |
| 2010 | 5698188000.0000 | -- | 122906000.0000 | 52062000.0000 |
| 2011 | 8882698000.0000 | -- | 203614000.0000 | 186079000.0000 |
| 2012 | 9571906000.0000 | -- | 348857000.0000 | 476936000.0000 |
| 2013 | 9767117000.0000 | -- | 340619000.0000 | 536414000.0000 |
| 2014 | 6652720000.0000 | -- | 233380000.0000 | 516090000.0000 |
| 2015 | 2053885000.0000 | -- | 208260000.0000 | 367977000.0000 |
| 2016 | 679684000.0000 | -- | 189339000.0000 | 446955000.0000 |
| 2017 | 2319043000.0000 | -- | 178989000.0000 | 378712000.0000 |
| 2018 | 3262195000.0000 | -- | 240473000.0000 | 265118000.0000 |
| 2019 | 2392962000.0000 | -- | 140758000.0000 | 291577000.0000 |
| 2020 | 1892048000.0000 | -- | 208376000.0000 | 366840000.0000 |
| 2021 | 2618061000.0000 | -- | 250721000.0000 | 360761000.0000 |
| 2022 | 2520756000.0000 | -- | 305286000.0000 | 253689000.0000 |
| 2023 | 2571162000.0000 | -- | 310086000.0000 | 171722000.0000 |
| 2024 | 2086390000.0000 | -- | 239224000.0000 | 161619000.0000 |
| 2025 | 1365656000.0000 | -- | 214883000.0000 | 74083000.0000 |