中商官网
研究报告
海螺水泥（HK0914）
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 | 1066584000.0000 | 378579000.0000 | 51020000.0000 | 58588000.0000 | 4304576000.0000 | 2053611000.0000 | 2250965000.0000 |
| 2000 | 1323935000.0000 | 484489000.0000 | 137750000.0000 | 117611000.0000 | 4335195000.0000 | 2051234000.0000 | 2283961000.0000 |
| 2001 | 2043989000.0000 | 742301000.0000 | 320471000.0000 | 206658000.0000 | 5886330000.0000 | 3001579000.0000 | 2884751000.0000 |
| 2002 | 2980431000.0000 | 1024485000.0000 | 549231000.0000 | 267595000.0000 | 8710467000.0000 | 4770809000.0000 | 3939658000.0000 |
| 2003 | 5653986000.0000 | 2353507000.0000 | 1654669000.0000 | 743404000.0000 | 13146581000.0000 | 7629533000.0000 | 5517048000.0000 |
| 2004 | 8384947000.0000 | 2764386000.0000 | 1966527000.0000 | 960919000.0000 | 15897317000.0000 | 9527474000.0000 | 6369843000.0000 |
| 2005 | 10826214000.0000 | 2410546000.0000 | 871009000.0000 | 385832000.0000 | 19171525000.0000 | 12566471000.0000 | 6605054000.0000 |
| 2006 | 16096057000.0000 | 4486282000.0000 | 2604845000.0000 | 1543767000.0000 | 22737644000.0000 | 14152667000.0000 | 8584977000.0000 |
| 2007 | 18776098000.0000 | 5728911000.0000 | 3501423000.0000 | 2480146000.0000 | 30921284000.0000 | 19674182000.0000 | 11247102000.0000 |
| 2008 | 24228268000.0000 | 5907678000.0000 | 3269087000.0000 | 2607223000.0000 | 42383736000.0000 | 17496416000.0000 | 24887320000.0000 |
| 2009 | 24998007000.0000 | 7026768000.0000 | 4508496000.0000 | 3505936000.0000 | 47003951000.0000 | 18179216000.0000 | 28824735000.0000 |
| 2010 | 34508282000.0000 | 10942173000.0000 | 8111622000.0000 | 6159643000.0000 | 60407154000.0000 | 25157974000.0000 | 35249180000.0000 |
| 2011 | 48653809000.0000 | 19176736000.0000 | 15699292000.0000 | 11586382000.0000 | 84003416000.0000 | 37554590000.0000 | 46448826000.0000 |
| 2012 | 45766203000.0000 | 12501659000.0000 | 8125697000.0000 | 6331103000.0000 | 87523523000.0000 | 36720402000.0000 | 50803121000.0000 |
| 2013 | 55261677000.0000 | 17986709000.0000 | 12671169000.0000 | 9389298000.0000 | 93094480000.0000 | 34692721000.0000 | 58401759000.0000 |
| 2014 | 60758501000.0000 | 20198409000.0000 | 14927042000.0000 | 10980917000.0000 | 102253097000.0000 | 33026013000.0000 | 69227084000.0000 |
| 2015 | 50976036000.0000 | 13709044000.0000 | 10085520000.0000 | 7538700000.0000 | 105781392000.0000 | 32236883000.0000 | 73544509000.0000 |
| 2016 | 55931901000.0000 | 17535616000.0000 | 11699329000.0000 | 8573868000.0000 | 109514121000.0000 | 29536289000.0000 | 79977832000.0000 |
| 2017 | 75310820000.0000 | 25522225000.0000 | 21274880000.0000 | 15898689000.0000 | 122142585000.0000 | 30453291000.0000 | 91689294000.0000 |
| 2018 | 128402626000.0000 | 45761050000.0000 | 39675319000.0000 | 29858303000.0000 | 149547352000.0000 | 33358169000.0000 | 116189183000.0000 |
| 2019 | 157030328000.0000 | 50906205000.0000 | 44595861000.0000 | 33629803000.0000 | 178777182000.0000 | 36646408000.0000 | 142130774000.0000 |
| 2020 | 176294715000.0000 | 50199100000.0000 | 47173098000.0000 | 35192071000.0000 | 201852917000.0000 | 33391198000.0000 | 168461719000.0000 |
| 2021 | 167959693000.0000 | 48566962000.0000 | 44149358000.0000 | 33301181000.0000 | 230555682000.0000 | 38816795000.0000 | 191738887000.0000 |
| 2022 | 132021554000.0000 | 27190954000.0000 | 20232112000.0000 | 15860553000.0000 | 243976422000.0000 | 48067537000.0000 | 195908885000.0000 |
| 2023 | 141157207000.0000 | 22412353000.0000 | 13869972000.0000 | 10686594000.0000 | 246356360000.0000 | 48393428000.0000 | 197962932000.0000 |
| 2024 | 91029615000.0000 | 18812596000.0000 | 10392547000.0000 | 8051954000.0000 | 254635244000.0000 | 54298442000.0000 | 200336802000.0000 |
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 | 35.49 | 4.7800 | 1.19 | 3.0100 | 3.94 | -- | 0.25 |
| 2000 | 36.59 | 10.4000 | 3.18 | 6.2500 | 4.54 | -- | 0.31 |
| 2001 | 36.32 | 15.6800 | 5.44 | 9.9100 | 6.15 | -- | 0.35 |
| 2002 | 34.37 | 18.4300 | 6.31 | 8.6100 | 6.43 | -- | 0.34 |
| 2003 | 41.63 | 29.2700 | 12.59 | 16.8500 | 7.22 | -- | 0.43 |
| 2004 | 32.97 | 23.3000 | 12.37 | 18.3100 | 6.49 | -- | 0.53 |
| 2005 | 22.27 | 8.0100 | 4.54 | 6.9900 | 8.73 | -- | 0.56 |
| 2006 | 27.87 | 16.1600 | 11.46 | 21.6500 | 9.12 | -- | 0.71 |
| 2007 | 30.51 | 18.6300 | 11.32 | 23.0000 | 8.35 | -- | 0.61 |
| 2008 | 24.38 | 13.4800 | 7.71 | 10.6800 | 9.80 | -- | 0.57 |
| 2009 | 28.11 | 18.0400 | 9.59 | 12.3900 | 8.27 | -- | 0.53 |
| 2010 | 31.71 | 23.4300 | 13.43 | 17.7900 | 9.45 | -- | 0.57 |
| 2011 | 39.41 | 32.2100 | 18.69 | 26.0600 | 6.73 | -- | 0.58 |
| 2012 | 27.32 | 17.8000 | 9.28 | 13.0400 | 8.24 | -- | 0.52 |
| 2013 | 32.55 | 22.9800 | 13.61 | 16.8400 | 10.09 | -- | 0.59 |
| 2014 | 33.24 | 24.6700 | 14.60 | 16.6800 | 9.27 | -- | 0.59 |
| 2015 | 26.89 | 19.8600 | 9.53 | 10.7500 | 8.79 | -- | 0.48 |
| 2016 | 31.35 | 21.0900 | 10.68 | 11.2400 | 8.44 | -- | 0.51 |
| 2017 | 33.89 | 28.0900 | 17.42 | 17.8300 | 10.58 | -- | 0.62 |
| 2018 | 35.64 | 30.5400 | 26.53 | 26.5500 | 13.72 | -- | 0.86 |
| 2019 | 32.42 | 27.8600 | 24.94 | 24.5100 | 19.05 | -- | 0.88 |
| 2020 | 28.47 | 26.3000 | 23.37 | 21.7200 | 18.01 | -- | 0.87 |
| 2021 | 28.92 | 25.8900 | 19.15 | 18.1400 | 12.06 | -- | 0.73 |
| 2022 | 20.60 | 14.8200 | 8.29 | 8.6400 | 8.98 | -- | 0.54 |
| 2023 | 15.88 | 9.6100 | 5.63 | 5.7700 | 11.69 | -- | 0.57 |
| 2024 | 20.67 | 11.0900 | 4.08 | 4.2900 | 8.91 | -- | 0.36 |
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 | 47.71 | 52.29 | 0.57 | 0.43 |
| 2000 | 47.32 | 52.68 | 0.67 | 0.52 |
| 2001 | 50.99 | 49.01 | 0.61 | 0.50 |
| 2002 | 54.77 | 45.23 | 0.41 | 0.32 |
| 2003 | 58.03 | 41.97 | 0.64 | 0.55 |
| 2004 | 59.93 | 40.07 | 0.59 | 0.45 |
| 2005 | 65.55 | 34.45 | 0.46 | 0.33 |
| 2006 | 62.24 | 37.76 | 0.62 | 0.43 |
| 2007 | 63.63 | 36.37 | 0.77 | 0.61 |
| 2008 | 41.28 | 58.72 | 1.24 | 1.07 |
| 2009 | 38.68 | 61.32 | 0.87 | 0.69 |
| 2010 | 41.65 | 58.35 | 1.03 | 0.84 |
| 2011 | 44.71 | 55.29 | 1.54 | 1.29 |
| 2012 | 41.95 | 58.05 | 1.63 | 1.35 |
| 2013 | 37.27 | 62.73 | 1.72 | 1.46 |
| 2014 | 32.30 | 67.70 | 1.76 | 1.45 |
| 2015 | 30.48 | 69.52 | 1.30 | 1.09 |
| 2016 | 26.97 | 73.03 | 1.74 | 1.47 |
| 2017 | 24.93 | 75.07 | 2.18 | 1.96 |
| 2018 | 22.31 | 77.69 | 2.76 | 2.53 |
| 2019 | 20.50 | 79.50 | 3.55 | 3.34 |
| 2020 | 16.54 | 83.46 | 4.66 | 4.37 |
| 2021 | 16.84 | 83.16 | 3.80 | 3.49 |
| 2022 | 19.70 | 80.30 | 2.99 | 2.66 |
| 2023 | 19.64 | 80.36 | 3.41 | 3.07 |
| 2024 | 21.32 | 78.68 | 3.25 | 2.96 |
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 | 688005000.0000 | -- | 93821000.0000 | 109561000.0000 |
| 2000 | 839446000.0000 | -- | 101693000.0000 | 98427000.0000 |
| 2001 | 1301688000.0000 | -- | 139256000.0000 | 110373000.0000 |
| 2002 | 1955946000.0000 | -- | 192924000.0000 | 94629000.0000 |
| 2003 | 3300479000.0000 | -- | 299213000.0000 | 187617000.0000 |
| 2004 | 5620561000.0000 | -- | 270569000.0000 | 292122000.0000 |
| 2005 | 8415668000.0000 | -- | 368541000.0000 | 447442000.0000 |
| 2006 | 11609775000.0000 | -- | 564436000.0000 | 543175000.0000 |
| 2007 | 13047187000.0000 | -- | 722049000.0000 | 633161000.0000 |
| 2008 | 18320590000.0000 | -- | 840435000.0000 | 820758000.0000 |
| 2009 | 17971239000.0000 | -- | 977717000.0000 | 451145000.0000 |
| 2010 | 23566109000.0000 | -- | 1298708000.0000 | 514157000.0000 |
| 2011 | 29477073000.0000 | -- | 1798518000.0000 | 874630000.0000 |
| 2012 | 33264544000.0000 | -- | 2178352000.0000 | 1136577000.0000 |
| 2013 | 37274968000.0000 | -- | 2562816000.0000 | 1160565000.0000 |
| 2014 | 40560092000.0000 | -- | 2686838000.0000 | 1038936000.0000 |
| 2015 | 37266992000.0000 | -- | 3184451000.0000 | 962821000.0000 |
| 2016 | 38396285000.0000 | -- | 3529618000.0000 | 792038000.0000 |
| 2017 | 49788595000.0000 | -- | 3470351000.0000 | 683988000.0000 |
| 2018 | 82641576000.0000 | -- | 4037662000.0000 | 483382000.0000 |
| 2019 | 106124123000.0000 | -- | 6109168000.0000 | 446008000.0000 |
| 2020 | 126095615000.0000 | -- | 4862287000.0000 | 464542000.0000 |
| 2021 | 119392731000.0000 | -- | 6434525000.0000 | 333671000.0000 |
| 2022 | 104830600000.0000 | -- | 7395776000.0000 | 524630000.0000 |
| 2023 | 118744854000.0000 | -- | 7332213000.0000 | 930404000.0000 |
| 2024 | 72217019000.0000 | -- | 6868435000.0000 | 778705000.0000 |