中商官网
研究报告
中国南方航空股份（HK1055）
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 | 12825046000.0000 | 5131248000.0000 | 368545000.0000 | 82398000.0000 | 32557735000.0000 | 22941646000.0000 | 9616089000.0000 |
| 2000 | 14706159000.0000 | 4769443000.0000 | 931230000.0000 | 501771000.0000 | 30924045000.0000 | 20754166000.0000 | 10169879000.0000 |
| 2001 | 16461532000.0000 | 5243804000.0000 | 795256000.0000 | 340225000.0000 | 30653102000.0000 | 20053646000.0000 | 10599456000.0000 |
| 2002 | 17481892000.0000 | 5904646000.0000 | 1139099000.0000 | 575761000.0000 | 37188047000.0000 | 26058194000.0000 | 11129853000.0000 |
| 2003 | 16965000000.0000 | 4539000000.0000 | -511000000.0000 | -358000000.0000 | 39062000000.0000 | 25493000000.0000 | 13569000000.0000 |
| 2004 | 23344000000.0000 | 5964000000.0000 | 220000000.0000 | -48000000.0000 | 62383000000.0000 | 48480000000.0000 | 13903000000.0000 |
| 2005 | 37419000000.0000 | 7677000000.0000 | -1853000000.0000 | -1848000000.0000 | 71402000000.0000 | 59466000000.0000 | 11936000000.0000 |
| 2006 | 45087000000.0000 | 9003000000.0000 | 357000000.0000 | 188000000.0000 | 75584000000.0000 | 63463000000.0000 | 12121000000.0000 |
| 2007 | 54401000000.0000 | 25319000000.0000 | 2879000000.0000 | 1839000000.0000 | 82006000000.0000 | 67696000000.0000 | 14310000000.0000 |
| 2008 | 55288000000.0000 | 20306000000.0000 | -4724000000.0000 | -4823000000.0000 | 83042000000.0000 | 73563000000.0000 | 9479000000.0000 |
| 2009 | 54802000000.0000 | 25506000000.0000 | 432000000.0000 | 330000000.0000 | 94750000000.0000 | 81488000000.0000 | 13262000000.0000 |
| 2010 | 76495000000.0000 | 37902000000.0000 | 8089000000.0000 | 5792000000.0000 | 111335000000.0000 | 81019000000.0000 | 30316000000.0000 |
| 2011 | 90395000000.0000 | 42051000000.0000 | 6930000000.0000 | 5110000000.0000 | 129412000000.0000 | 91635000000.0000 | 37777000000.0000 |
| 2012 | 99514000000.0000 | 44824000000.0000 | 4738000000.0000 | 2619000000.0000 | 142454000000.0000 | 102720000000.0000 | 39734000000.0000 |
| 2013 | 98547000000.0000 | 44537000000.0000 | 3484000000.0000 | 1986000000.0000 | 165207000000.0000 | 122756000000.0000 | 42451000000.0000 |
| 2014 | 108584000000.0000 | 49683000000.0000 | 3066000000.0000 | 1777000000.0000 | 189688000000.0000 | 145195000000.0000 | 44493000000.0000 |
| 2015 | 111652000000.0000 | 61240000000.0000 | 6118000000.0000 | 3736000000.0000 | 185989000000.0000 | 136365000000.0000 | 49624000000.0000 |
| 2016 | 114981000000.0000 | 63520000000.0000 | 7661000000.0000 | 5044000000.0000 | 200442000000.0000 | 145466000000.0000 | 54976000000.0000 |
| 2017 | 127806000000.0000 | 64828000000.0000 | 8874000000.0000 | 5961000000.0000 | 218718000000.0000 | 156175000000.0000 | 62543000000.0000 |
| 2018 | 143623000000.0000 | 43028000000.0000 | 4364000000.0000 | 2895000000.0000 | 246949000000.0000 | 168480000000.0000 | 78469000000.0000 |
| 2019 | 154322000000.0000 | 57165000000.0000 | 4055000000.0000 | 2640000000.0000 | 306928000000.0000 | 229599000000.0000 | 77329000000.0000 |
| 2020 | 92561000000.0000 | 36273000000.0000 | -15195000000.0000 | -10847000000.0000 | 326383000000.0000 | 241252000000.0000 | 85131000000.0000 |
| 2021 | 101644000000.0000 | 34928000000.0000 | -13910000000.0000 | -12106000000.0000 | 323211000000.0000 | 238703000000.0000 | 84508000000.0000 |
| 2022 | 87059000000.0000 | 18312000000.0000 | -31550000000.0000 | -32699000000.0000 | 312246000000.0000 | 256887000000.0000 | 55359000000.0000 |
| 2023 | 159929000000.0000 | 56643000000.0000 | -1521000000.0000 | -4140000000.0000 | 309596000000.0000 | 257229000000.0000 | 52367000000.0000 |
| 2024 | 174224000000.0000 | 60172000000.0000 | 1451000000.0000 | -1769000000.0000 | 329979000000.0000 | 277143000000.0000 | 52836000000.0000 |
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 | 40.01 | 2.5900 | 1.13 | 0.9800 | 15.19 | -- | 0.39 |
| 2000 | 32.43 | 6.0200 | 3.01 | 5.6500 | 21.37 | -- | 0.48 |
| 2001 | 31.85 | 4.5300 | 2.59 | 3.6900 | 24.02 | -- | 0.54 |
| 2002 | 33.78 | 6.3200 | 3.06 | 5.9900 | 21.22 | -- | 0.47 |
| 2003 | 26.76 | -3.0700 | -1.31 | -3.0100 | 22.84 | -- | 0.43 |
| 2004 | 25.55 | 0.9700 | 0.35 | -0.4100 | 13.35 | -- | 0.37 |
| 2005 | 20.52 | -4.2900 | -2.60 | -18.4800 | 21.52 | -- | 0.52 |
| 2006 | 19.97 | 0.5300 | 0.47 | 1.8500 | 27.44 | -- | 0.60 |
| 2007 | 46.54 | 4.9600 | 3.51 | 15.5000 | 23.98 | -- | 0.66 |
| 2008 | 36.73 | -8.8300 | -5.69 | -68.6900 | 28.46 | -- | 0.67 |
| 2009 | 46.54 | 0.2700 | 0.46 | 3.1900 | 23.32 | -- | 0.58 |
| 2010 | 49.55 | 10.3500 | 7.27 | 21.6000 | 28.48 | -- | 0.69 |
| 2011 | 46.52 | 7.0200 | 5.35 | 15.8800 | 29.88 | -- | 0.70 |
| 2012 | 45.04 | 4.3200 | 3.33 | 7.9800 | 32.02 | -- | 0.70 |
| 2013 | 45.19 | 3.1400 | 2.11 | 5.7900 | 32.79 | -- | 0.60 |
| 2014 | 45.76 | 2.4500 | 1.62 | 4.9700 | 35.46 | -- | 0.57 |
| 2015 | 54.85 | 4.9700 | 3.29 | 9.5700 | 31.39 | -- | 0.60 |
| 2016 | 55.24 | 6.1300 | 3.82 | 11.6100 | 32.41 | -- | 0.57 |
| 2017 | 50.72 | 6.5300 | 4.06 | 11.9400 | 38.83 | -- | 0.58 |
| 2018 | 29.96 | 2.7200 | 1.77 | 4.4400 | 52.31 | -- | 0.58 |
| 2019 | 37.04 | 2.3300 | 1.32 | 4.1200 | 51.32 | -- | 0.50 |
| 2020 | 39.19 | -15.9600 | -4.66 | -15.5900 | 31.98 | -- | 0.28 |
| 2021 | 34.36 | -13.6600 | -4.30 | -17.8400 | 40.38 | -- | 0.31 |
| 2022 | 21.03 | -36.4200 | -10.10 | -79.2200 | 49.57 | -- | 0.28 |
| 2023 | 35.42 | -0.4400 | -0.49 | -11.1700 | 66.00 | -- | 0.52 |
| 2024 | 34.54 | 1.0700 | 0.44 | -5.0600 | 56.97 | -- | 0.53 |
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 | 70.46 | 29.54 | 0.94 | 0.87 |
| 2000 | 67.11 | 32.89 | 0.83 | 0.76 |
| 2001 | 65.42 | 34.58 | 0.54 | 0.48 |
| 2002 | 70.07 | 29.93 | 0.44 | 0.40 |
| 2003 | 65.26 | 34.74 | 0.27 | 0.23 |
| 2004 | 77.71 | 22.29 | 0.28 | 0.23 |
| 2005 | 83.28 | 16.72 | 0.22 | 0.18 |
| 2006 | 83.96 | 16.04 | 0.17 | 0.14 |
| 2007 | 82.55 | 17.45 | 0.21 | 0.18 |
| 2008 | 88.59 | 11.41 | 0.22 | 0.19 |
| 2009 | 86.00 | 14.00 | 0.25 | 0.22 |
| 2010 | 72.77 | 27.23 | 0.49 | 0.45 |
| 2011 | 70.81 | 29.19 | 0.44 | 0.40 |
| 2012 | 72.11 | 27.89 | 0.34 | 0.31 |
| 2013 | 74.30 | 25.70 | 0.42 | 0.38 |
| 2014 | 76.54 | 23.46 | 0.51 | 0.48 |
| 2015 | 73.32 | 26.68 | 0.22 | 0.19 |
| 2016 | 72.57 | 27.43 | 0.20 | 0.18 |
| 2017 | 71.40 | 28.60 | 0.26 | 0.23 |
| 2018 | 68.22 | 31.78 | 0.29 | 0.26 |
| 2019 | 74.81 | 25.19 | 0.18 | 0.16 |
| 2020 | 73.92 | 26.08 | 0.41 | 0.39 |
| 2021 | 73.85 | 26.15 | 0.34 | 0.33 |
| 2022 | 82.27 | 17.73 | 0.24 | 0.23 |
| 2023 | 83.09 | 16.91 | 0.21 | 0.20 |
| 2024 | 83.99 | 16.01 | 0.27 | 0.26 |
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 | 7693798000.0000 | -- | 2562266000.0000 | 1511329000.0000 |
| 2000 | 9936716000.0000 | -- | 2673014000.0000 | 665451000.0000 |
| 2001 | 11217728000.0000 | -- | 2707207000.0000 | 587062000.0000 |
| 2002 | 11577246000.0000 | -- | 2899881000.0000 | 1082026000.0000 |
| 2003 | 12426000000.0000 | -- | 3091000000.0000 | 975000000.0000 |
| 2004 | 17380000000.0000 | -- | 3736000000.0000 | 728000000.0000 |
| 2005 | 29742000000.0000 | -- | 6897000000.0000 | 341000000.0000 |
| 2006 | 36084000000.0000 | -- | 6912000000.0000 | 537000000.0000 |
| 2007 | 29082000000.0000 | -- | 20231000000.0000 | -614000000.0000 |
| 2008 | 34982000000.0000 | -- | 21153000000.0000 | -708000000.0000 |
| 2009 | 29296000000.0000 | -- | 21430000000.0000 | 1336000000.0000 |
| 2010 | 38593000000.0000 | -- | 25885000000.0000 | -574000000.0000 |
| 2011 | 48344000000.0000 | -- | 30364000000.0000 | -1867000000.0000 |
| 2012 | 54690000000.0000 | -- | 32732000000.0000 | 874000000.0000 |
| 2013 | 54010000000.0000 | -- | 34713000000.0000 | -1559000000.0000 |
| 2014 | 58901000000.0000 | -- | 37871000000.0000 | 2109000000.0000 |
| 2015 | 50412000000.0000 | -- | 42624000000.0000 | 7888000000.0000 |
| 2016 | 51461000000.0000 | -- | 46967000000.0000 | 5652000000.0000 |
| 2017 | 62978000000.0000 | -- | 51365000000.0000 | 857000000.0000 |
| 2018 | 100595000000.0000 | -- | 30782000000.0000 | 4930000000.0000 |
| 2019 | 97157000000.0000 | -- | 41750000000.0000 | 7248000000.0000 |
| 2020 | 56288000000.0000 | -- | 42053000000.0000 | 2909000000.0000 |
| 2021 | 66716000000.0000 | -- | 40066000000.0000 | 3952000000.0000 |
| 2022 | 68747000000.0000 | -- | 39001000000.0000 | 9168000000.0000 |
| 2023 | 103286000000.0000 | -- | 45705000000.0000 | 6254000000.0000 |
| 2024 | 114052000000.0000 | -- | 47629000000.0000 | 6455000000.0000 |