中商官网
研究报告
华联国际（HK0969）
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 | 751724000.0000 | 141345000.0000 | 110662000.0000 | 88375000.0000 | 775130000.0000 | 239078000.0000 | 536052000.0000 |
| 2000 | 814387000.0000 | 110746000.0000 | 67311000.0000 | 52526000.0000 | 879925000.0000 | 232963000.0000 | 646962000.0000 |
| 2001 | 803674000.0000 | 99713000.0000 | 60179000.0000 | 42260000.0000 | 969943000.0000 | 280293000.0000 | 689650000.0000 |
| 2002 | 851428000.0000 | 93990000.0000 | 47633000.0000 | 35298000.0000 | 1045327000.0000 | 321210000.0000 | 724117000.0000 |
| 2003 | 819057000.0000 | 54659000.0000 | 13678000.0000 | 7141000.0000 | 1070327000.0000 | 345314000.0000 | 725013000.0000 |
| 2004 | 861163000.0000 | 59522000.0000 | 30460000.0000 | 19768000.0000 | 1004981000.0000 | 260926000.0000 | 744055000.0000 |
| 2005 | 874629000.0000 | 42624000.0000 | 11640000.0000 | 3585000.0000 | 1063839000.0000 | 316833000.0000 | 747006000.0000 |
| 2006 | 718909000.0000 | 24054000.0000 | -114436000.0000 | -73362000.0000 | 938353000.0000 | 291806000.0000 | 646547000.0000 |
| 2007 | 615203000.0000 | -137910000.0000 | -269402000.0000 | -293968000.0000 | 611218000.0000 | 208277000.0000 | 402941000.0000 |
| 2008 | -- | -- | -4416000.0000 | -217814000.0000 | 391892000.0000 | 210413000.0000 | 181479000.0000 |
| 2009 | 154317000.0000 | 87312000.0000 | -77333000.0000 | -179113000.0000 | 1217815000.0000 | 730729000.0000 | 487086000.0000 |
| 2010 | 205767000.0000 | 84837000.0000 | -28699000.0000 | 37851000.0000 | 1101291000.0000 | 609752000.0000 | 491539000.0000 |
| 2011 | 195052000.0000 | 91758000.0000 | -4869000.0000 | -4875000.0000 | 1213686000.0000 | 640389000.0000 | 573297000.0000 |
| 2012 | 649538000.0000 | 112514000.0000 | -17120000.0000 | -14860000.0000 | 2216843000.0000 | 1279203000.0000 | 937640000.0000 |
| 2013 | 561874000.0000 | 107971000.0000 | -272219000.0000 | -216844000.0000 | 1679034000.0000 | 733948000.0000 | 945086000.0000 |
| 2014 | 478267000.0000 | 51437000.0000 | -265585000.0000 | -210083000.0000 | 1693491000.0000 | 907104000.0000 | 786387000.0000 |
| 2015 | 366308000.0000 | 34179000.0000 | -704475000.0000 | -572389000.0000 | 1220598000.0000 | 1158431000.0000 | 62167000.0000 |
| 2016 | 328623000.0000 | 79310000.0000 | -659937000.0000 | -545300000.0000 | 544517000.0000 | 1143729000.0000 | -599212000.0000 |
| 2017 | 240458000.0000 | 57256000.0000 | -101288000.0000 | -91993000.0000 | 398207000.0000 | 1115173000.0000 | -716966000.0000 |
| 2018 | 134490000.0000 | -8994000.0000 | -93162000.0000 | -70911000.0000 | 271531000.0000 | 1077324000.0000 | -805793000.0000 |
| 2019 | 135534000.0000 | 6217000.0000 | -120283000.0000 | -91875000.0000 | 211222000.0000 | 1116883000.0000 | -905661000.0000 |
| 2020 | 118472000.0000 | 28221000.0000 | -121248000.0000 | -95956000.0000 | 132231000.0000 | 1117386000.0000 | -985155000.0000 |
| 2021 | 135619000.0000 | 21944000.0000 | -57299000.0000 | -33178000.0000 | 151265000.0000 | 1140218000.0000 | -988953000.0000 |
| 2022 | 142835000.0000 | 20846000.0000 | -45489000.0000 | -33138000.0000 | 107040000.0000 | 1160172000.0000 | -1053132000.0000 |
| 2023 | 142298000.0000 | 21595000.0000 | -58267000.0000 | -41212000.0000 | 86071000.0000 | 1188132000.0000 | -1102061000.0000 |
| 2024 | 147289000.0000 | 40757000.0000 | -41410000.0000 | -32180000.0000 | 65775000.0000 | 1192528000.0000 | -1126753000.0000 |
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 | 18.80 | 14.7200 | 14.28 | 18.5600 | 2.24 | -- | 0.97 |
| 2000 | 13.60 | 8.2700 | 7.65 | 8.8800 | 2.91 | -- | 0.93 |
| 2001 | 12.41 | 7.4900 | 6.20 | 6.7400 | 2.37 | -- | 0.83 |
| 2002 | 11.04 | 5.5900 | 4.56 | 5.2700 | 2.38 | -- | 0.81 |
| 2003 | 6.67 | 1.6700 | 1.28 | 1.0600 | 2.33 | -- | 0.77 |
| 2004 | 6.91 | 3.5400 | 3.03 | 2.8400 | 3.12 | -- | 0.86 |
| 2005 | 4.87 | 1.3300 | 1.09 | 0.5100 | 3.39 | -- | 0.82 |
| 2006 | 3.35 | -15.9200 | -12.20 | -11.3800 | 3.73 | -- | 0.77 |
| 2007 | -22.42 | -43.7900 | -44.08 | -73.3400 | 4.85 | -- | 1.01 |
| 2008 | -- | -- | -1.13 | -120.0200 | 0.00 | -- | 0.00 |
| 2009 | 56.58 | -50.1100 | -6.35 | -36.7700 | -- | -- | 0.13 |
| 2010 | 41.23 | -13.9500 | -2.61 | 7.7000 | -- | -- | 0.19 |
| 2011 | 47.04 | -2.5000 | -0.40 | -0.8500 | -- | -- | 0.16 |
| 2012 | 17.32 | -2.6400 | -0.77 | -1.5300 | 2.28 | -- | 0.29 |
| 2013 | 19.22 | -48.4500 | -16.21 | -29.9300 | 2.13 | -- | 0.33 |
| 2014 | 10.75 | -55.5300 | -15.68 | -33.0600 | 2.03 | -- | 0.28 |
| 2015 | 9.33 | -192.3200 | -57.72 | -1150.1600 | 1.75 | -- | 0.30 |
| 2016 | 24.13 | -200.8200 | -121.20 | 109.7900 | 3.01 | -- | 0.60 |
| 2017 | 23.81 | -42.1200 | -25.44 | 15.2800 | 1.89 | -- | 0.60 |
| 2018 | -6.69 | -69.2700 | -34.31 | 10.5800 | 1.33 | -- | 0.50 |
| 2019 | 4.59 | -88.7500 | -56.95 | 12.3100 | 1.55 | -- | 0.64 |
| 2020 | 23.82 | -102.3400 | -91.69 | 11.8100 | 1.88 | -- | 0.90 |
| 2021 | 16.18 | -42.2500 | -37.88 | 4.0700 | 2.01 | -- | 0.90 |
| 2022 | 14.59 | -31.8500 | -42.50 | 3.8800 | 2.38 | -- | 1.33 |
| 2023 | 15.18 | -40.9500 | -67.70 | 4.6300 | 3.02 | -- | 1.65 |
| 2024 | 27.67 | -28.1100 | -62.96 | 3.5400 | 3.94 | -- | 2.24 |
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 | 30.84 | 69.16 | 1.96 | 0.69 |
| 2000 | 26.48 | 73.52 | 2.10 | 1.05 |
| 2001 | 28.90 | 71.10 | 2.02 | 0.96 |
| 2002 | 30.73 | 69.27 | 2.21 | 1.11 |
| 2003 | 32.26 | 67.74 | 2.12 | 1.07 |
| 2004 | 25.96 | 74.04 | 2.72 | 1.61 |
| 2005 | 29.78 | 70.22 | 2.30 | 1.53 |
| 2006 | 31.10 | 68.90 | 2.21 | 1.58 |
| 2007 | 34.08 | 65.92 | 1.69 | 0.95 |
| 2008 | 53.69 | 46.31 | 1.10 | 0.61 |
| 2009 | 60.00 | 40.00 | 2.16 | 2.16 |
| 2010 | 55.37 | 44.63 | 4.52 | 4.52 |
| 2011 | 52.76 | 47.24 | 6.05 | 6.05 |
| 2012 | 57.70 | 42.30 | 3.88 | 3.24 |
| 2013 | 43.71 | 56.29 | 6.41 | 4.85 |
| 2014 | 53.56 | 46.44 | 1.56 | 1.03 |
| 2015 | 94.91 | 5.09 | 0.90 | 0.59 |
| 2016 | 210.04 | -110.04 | 0.67 | 0.54 |
| 2017 | 280.05 | -180.05 | 0.66 | 0.49 |
| 2018 | 396.76 | -296.76 | 0.24 | 0.14 |
| 2019 | 528.77 | -428.77 | 0.18 | 0.11 |
| 2020 | 845.03 | -745.03 | 0.11 | 0.07 |
| 2021 | 753.79 | -653.79 | 0.13 | 0.08 |
| 2022 | 1083.87 | -983.87 | 0.09 | 0.04 |
| 2023 | 1380.41 | -1280.41 | 0.07 | 0.03 |
| 2024 | 1813.04 | -1713.04 | 0.05 | 0.03 |
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 | 610379000.0000 | -- | 26309000.0000 | 8588000.0000 |
| 2000 | 703641000.0000 | -- | 35871000.0000 | 11871000.0000 |
| 2001 | 703961000.0000 | -- | 38836000.0000 | 11336000.0000 |
| 2002 | 757438000.0000 | -- | 44415000.0000 | 11630000.0000 |
| 2003 | 764398000.0000 | -- | 36874000.0000 | 11372000.0000 |
| 2004 | 801641000.0000 | -- | 27128000.0000 | 10743000.0000 |
| 2005 | 832005000.0000 | -- | 25555000.0000 | 10271000.0000 |
| 2006 | 694855000.0000 | -- | 31786000.0000 | 8619000.0000 |
| 2007 | 753113000.0000 | -- | 22707000.0000 | 11292000.0000 |
| 2008 | -- | -- | 4760000.0000 | -- |
| 2009 | 67005000.0000 | -- | 18827000.0000 | 33139000.0000 |
| 2010 | 120930000.0000 | -- | 26283000.0000 | 41491000.0000 |
| 2011 | 103294000.0000 | -- | 31415000.0000 | 44510000.0000 |
| 2012 | 537024000.0000 | -- | 95210000.0000 | 87243000.0000 |
| 2013 | 453903000.0000 | -- | 88956000.0000 | 95105000.0000 |
| 2014 | 426830000.0000 | -- | 109865000.0000 | 41667000.0000 |
| 2015 | 332129000.0000 | -- | 124883000.0000 | 48568000.0000 |
| 2016 | 249313000.0000 | -- | 69644000.0000 | 80593000.0000 |
| 2017 | 183202000.0000 | -- | 50952000.0000 | 47705000.0000 |
| 2018 | 143484000.0000 | -- | 71248000.0000 | 72151000.0000 |
| 2019 | 129317000.0000 | -- | 41925000.0000 | 59325000.0000 |
| 2020 | 90251000.0000 | -- | 29890000.0000 | 72445000.0000 |
| 2021 | 113675000.0000 | -- | 28363000.0000 | 76327000.0000 |
| 2022 | 121989000.0000 | -- | 33076000.0000 | 10077000.0000 |
| 2023 | 120703000.0000 | -- | 27483000.0000 | 34633000.0000 |
| 2024 | 106532000.0000 | -- | 35074000.0000 | 36581000.0000 |