中商官网
研究报告
万裕科技（HK0894）
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 | 286033000.0000 | 54564000.0000 | 2389000.0000 | 1729000.0000 | 297542000.0000 | 131063000.0000 | 166479000.0000 |
| 2000 | 338738000.0000 | 74782000.0000 | -19264000.0000 | -21175000.0000 | 374162000.0000 | 179743000.0000 | 194419000.0000 |
| 2001 | 330511000.0000 | 90464000.0000 | 5844000.0000 | 5215000.0000 | 394959000.0000 | 182225000.0000 | 212734000.0000 |
| 2002 | 477727000.0000 | 124954000.0000 | 26741000.0000 | 20348000.0000 | 455734000.0000 | 222609000.0000 | 233125000.0000 |
| 2003 | 626453000.0000 | 151186000.0000 | 42417000.0000 | 37053000.0000 | 641431000.0000 | 372361000.0000 | 269070000.0000 |
| 2004 | 870910000.0000 | 190556000.0000 | 69827000.0000 | 61867000.0000 | 755940000.0000 | 430831000.0000 | 325109000.0000 |
| 2005 | 1104134000.0000 | 265252000.0000 | 106730000.0000 | 95696000.0000 | 1023134000.0000 | 578693000.0000 | 444441000.0000 |
| 2006 | 1239119000.0000 | 313823000.0000 | 135523000.0000 | 121657000.0000 | 1236164000.0000 | 629861000.0000 | 606303000.0000 |
| 2007 | 1380334000.0000 | 289588000.0000 | 142933000.0000 | 135765000.0000 | 1880439000.0000 | 1039768000.0000 | 840671000.0000 |
| 2008 | 1285535000.0000 | 246048000.0000 | 107123000.0000 | 90197000.0000 | 2077490000.0000 | 1117240000.0000 | 960250000.0000 |
| 2009 | 1001258000.0000 | 227553000.0000 | 84058000.0000 | 78769000.0000 | 1865130000.0000 | 824371000.0000 | 1040759000.0000 |
| 2010 | 1353258000.0000 | 312076000.0000 | 109033000.0000 | 95542000.0000 | 2263424000.0000 | 1082769000.0000 | 1180655000.0000 |
| 2011 | 1540154000.0000 | 361540000.0000 | 124674000.0000 | 103965000.0000 | 2896969000.0000 | 1542648000.0000 | 1354321000.0000 |
| 2012 | 1391650000.0000 | 329716000.0000 | 98933000.0000 | 79875000.0000 | 2921938000.0000 | 1490332000.0000 | 1431606000.0000 |
| 2013 | 1322182000.0000 | 291144000.0000 | 80269000.0000 | 61021000.0000 | 2778270000.0000 | 1239528000.0000 | 1538742000.0000 |
| 2014 | 1186967000.0000 | 253362000.0000 | 55996000.0000 | 43257000.0000 | 2749435000.0000 | 1180290000.0000 | 1569145000.0000 |
| 2015 | 974421000.0000 | 175040000.0000 | -37396000.0000 | -45095000.0000 | 2553022000.0000 | 1156762000.0000 | 1396260000.0000 |
| 2016 | 987027000.0000 | 163552000.0000 | -4460000.0000 | -14905000.0000 | 2475167000.0000 | 1162592000.0000 | 1312575000.0000 |
| 2017 | 1275923000.0000 | 280046000.0000 | 62199000.0000 | 48177000.0000 | 2753087000.0000 | 1277548000.0000 | 1475539000.0000 |
| 2018 | 1361718000.0000 | 274126000.0000 | 56666000.0000 | 43046000.0000 | 2724673000.0000 | 1302145000.0000 | 1422528000.0000 |
| 2019 | 1292160000.0000 | 245293000.0000 | 43168000.0000 | 31578000.0000 | 2918812000.0000 | 1522499000.0000 | 1396313000.0000 |
| 2020 | 1599599000.0000 | 271877000.0000 | 32913000.0000 | 24064000.0000 | 3252607000.0000 | 1706560000.0000 | 1546047000.0000 |
| 2021 | 2091264000.0000 | 357489000.0000 | 90786000.0000 | 76494000.0000 | 3446333000.0000 | 1756704000.0000 | 1689629000.0000 |
| 2022 | 1846555000.0000 | 328006000.0000 | 66505000.0000 | 42686000.0000 | 3231347000.0000 | 1725341000.0000 | 1506006000.0000 |
| 2023 | 1470952000.0000 | 266408000.0000 | 11894000.0000 | 4076000.0000 | 3169118000.0000 | 1623253000.0000 | 1545865000.0000 |
| 2024 | 1611568000.0000 | 247329000.0000 | 18400000.0000 | 7818000.0000 | 3147877000.0000 | 1652549000.0000 | 1495328000.0000 |
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 | 19.08 | 0.5300 | 0.80 | 1.0400 | 4.56 | -- | 0.96 |
| 2000 | 22.08 | -6.1000 | -5.15 | -10.8900 | 3.75 | -- | 0.91 |
| 2001 | 27.37 | 1.3800 | 1.48 | 2.6000 | 3.47 | -- | 0.84 |
| 2002 | 26.16 | 5.8700 | 5.87 | 9.0900 | 3.90 | -- | 1.05 |
| 2003 | 24.13 | 7.4800 | 6.61 | 14.2700 | 3.64 | -- | 0.98 |
| 2004 | 21.88 | 8.5000 | 9.24 | 19.0300 | 4.32 | -- | 1.15 |
| 2005 | 24.02 | 9.5600 | 10.43 | 21.5300 | 3.77 | -- | 1.08 |
| 2006 | 25.33 | 10.8200 | 10.96 | 20.0700 | 4.48 | -- | 1.00 |
| 2007 | 20.98 | 9.0300 | 7.60 | 16.1500 | 4.12 | -- | 0.73 |
| 2008 | 19.14 | 7.3700 | 5.16 | 9.4500 | 3.40 | -- | 0.62 |
| 2009 | 22.73 | 7.4200 | 4.51 | 7.6000 | 3.52 | -- | 0.54 |
| 2010 | 23.06 | 7.2700 | 4.82 | 8.1200 | 2.92 | -- | 0.60 |
| 2011 | 23.47 | 6.5100 | 4.30 | 7.7000 | 2.58 | -- | 0.53 |
| 2012 | 23.69 | 6.7300 | 3.39 | 5.6000 | 2.60 | -- | 0.48 |
| 2013 | 22.02 | 4.6800 | 2.89 | 3.9800 | 2.48 | -- | 0.48 |
| 2014 | 21.35 | 4.5500 | 2.04 | 2.7700 | 2.08 | -- | 0.43 |
| 2015 | 17.96 | -3.7600 | -1.46 | -3.2400 | 1.72 | -- | 0.38 |
| 2016 | 16.57 | -1.0800 | -0.18 | -1.2000 | 1.80 | -- | 0.40 |
| 2017 | 21.95 | 3.9800 | 2.26 | 3.4000 | 1.86 | -- | 0.46 |
| 2018 | 20.13 | 1.8200 | 2.08 | 3.1200 | 1.79 | -- | 0.50 |
| 2019 | 18.98 | 0.9500 | 1.48 | 2.3200 | 1.76 | -- | 0.44 |
| 2020 | 17.00 | 1.2100 | 1.01 | 1.6000 | 1.96 | -- | 0.49 |
| 2021 | 17.09 | 3.4000 | 2.63 | 4.6300 | 2.20 | -- | 0.61 |
| 2022 | 17.76 | 3.6100 | 2.06 | 2.9000 | 2.24 | -- | 0.57 |
| 2023 | 18.11 | 0.6400 | 0.38 | 0.2700 | 1.95 | -- | 0.46 |
| 2024 | 15.35 | 1.2600 | 0.58 | 0.5300 | 2.25 | -- | 0.51 |
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 | 44.05 | 55.95 | 1.50 | 1.12 |
| 2000 | 48.04 | 51.96 | 1.30 | 0.87 |
| 2001 | 46.14 | 53.86 | 1.27 | 0.86 |
| 2002 | 48.85 | 51.15 | 1.15 | 0.73 |
| 2003 | 58.05 | 41.95 | 1.54 | 1.01 |
| 2004 | 56.99 | 43.01 | 1.28 | 0.81 |
| 2005 | 56.56 | 43.44 | 1.72 | 1.06 |
| 2006 | 50.95 | 49.05 | 1.72 | 1.19 |
| 2007 | 55.29 | 44.71 | 2.06 | 1.55 |
| 2008 | 53.78 | 46.22 | 1.55 | 1.14 |
| 2009 | 44.20 | 55.80 | 1.60 | 1.24 |
| 2010 | 47.84 | 52.16 | 1.78 | 1.30 |
| 2011 | 53.25 | 46.75 | 2.08 | 1.55 |
| 2012 | 51.00 | 49.00 | 1.98 | 1.50 |
| 2013 | 44.62 | 55.38 | 1.82 | 1.33 |
| 2014 | 42.93 | 57.07 | 1.87 | 1.28 |
| 2015 | 45.31 | 54.69 | 1.73 | 1.14 |
| 2016 | 46.97 | 53.03 | 1.55 | 1.03 |
| 2017 | 46.40 | 53.60 | 1.46 | 0.98 |
| 2018 | 47.79 | 52.21 | 1.32 | 0.80 |
| 2019 | 52.16 | 47.84 | 1.15 | 0.73 |
| 2020 | 52.47 | 47.53 | 1.16 | 0.73 |
| 2021 | 50.97 | 49.03 | 1.18 | 0.70 |
| 2022 | 53.39 | 46.61 | 1.12 | 0.71 |
| 2023 | 51.22 | 48.78 | 1.12 | 0.71 |
| 2024 | 52.50 | 47.50 | 1.10 | 0.69 |
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 | 231469000.0000 | -- | 34652000.0000 | 6971000.0000 |
| 2000 | 263956000.0000 | -- | 62164000.0000 | 7883000.0000 |
| 2001 | 240047000.0000 | -- | 61037000.0000 | 8117000.0000 |
| 2002 | 352773000.0000 | -- | 62836000.0000 | 5529000.0000 |
| 2003 | 475267000.0000 | -- | 65819000.0000 | 5364000.0000 |
| 2004 | 680354000.0000 | -- | 76229000.0000 | 7043000.0000 |
| 2005 | 838882000.0000 | -- | 93586000.0000 | 11602000.0000 |
| 2006 | 925296000.0000 | -- | 116908000.0000 | 20935000.0000 |
| 2007 | 1090746000.0000 | -- | 133260000.0000 | 20454000.0000 |
| 2008 | 1039487000.0000 | -- | 155400000.0000 | 14465000.0000 |
| 2009 | 773705000.0000 | -- | 115347000.0000 | 7819000.0000 |
| 2010 | 1041182000.0000 | -- | 140504000.0000 | 6626000.0000 |
| 2011 | 1178614000.0000 | -- | 166662000.0000 | 12241000.0000 |
| 2012 | 1061934000.0000 | -- | 159444000.0000 | 15407000.0000 |
| 2013 | 1031038000.0000 | -- | 158650000.0000 | 19527000.0000 |
| 2014 | 933605000.0000 | -- | 150868000.0000 | 21533000.0000 |
| 2015 | 799381000.0000 | -- | 143659000.0000 | 21634000.0000 |
| 2016 | 823475000.0000 | -- | 143723000.0000 | 25147000.0000 |
| 2017 | 995877000.0000 | -- | 142650000.0000 | 23915000.0000 |
| 2018 | 1087592000.0000 | -- | 161184000.0000 | 27495000.0000 |
| 2019 | 1046867000.0000 | -- | 154249000.0000 | 36045000.0000 |
| 2020 | 1327722000.0000 | -- | 147680000.0000 | 32524000.0000 |
| 2021 | 1733775000.0000 | -- | 189802000.0000 | 29500000.0000 |
| 2022 | 1518549000.0000 | -- | 181173000.0000 | 33814000.0000 |
| 2023 | 1204544000.0000 | -- | 160996000.0000 | 50796000.0000 |
| 2024 | 1364239000.0000 | -- | 157435000.0000 | 43051000.0000 |