中商官网
研究报告
华润置地（HK1109）
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 | 443918000.0000 | 111813000.0000 | 161731000.0000 | 153595000.0000 | 7486558000.0000 | 2710497000.0000 | 4776061000.0000 |
| 2000 | 1632069000.0000 | 198672000.0000 | 185391000.0000 | 97254000.0000 | 8146569000.0000 | 3279396000.0000 | 4867173000.0000 |
| 2001 | 3421068000.0000 | 372519000.0000 | 36758000.0000 | 160115000.0000 | 7638677000.0000 | 2719788000.0000 | 4918889000.0000 |
| 2002 | 1130158000.0000 | 52259000.0000 | -4316000.0000 | 105636000.0000 | 8074706000.0000 | 3132874000.0000 | 4941832000.0000 |
| 2003 | 1252282000.0000 | 87162000.0000 | 36382000.0000 | 78871000.0000 | 9204084000.0000 | 4283895000.0000 | 4920189000.0000 |
| 2004 | 1889680000.0000 | 209891000.0000 | 79622000.0000 | 21361000.0000 | 10374708000.0000 | 5891661000.0000 | 4483047000.0000 |
| 2005 | 2706886000.0000 | 525215000.0000 | 485260000.0000 | 384512000.0000 | 17774703000.0000 | 9444860000.0000 | 8329843000.0000 |
| 2006 | 3936730000.0000 | 1274357000.0000 | 1332486000.0000 | 858675000.0000 | 26739315000.0000 | 15006141000.0000 | 11733174000.0000 |
| 2007 | 5681095000.0000 | 2083633000.0000 | 2771434000.0000 | 1431082000.0000 | 47779057000.0000 | 23872947000.0000 | 23906110000.0000 |
| 2008 | 9365833000.0000 | 3342283000.0000 | 3005535000.0000 | 1993973000.0000 | 68617656000.0000 | 37556044000.0000 | 31061612000.0000 |
| 2009 | 16650237000.0000 | 5976042000.0000 | 7030492000.0000 | 4303757000.0000 | 101186963000.0000 | 62306562000.0000 | 38880401000.0000 |
| 2010 | 25729158000.0000 | 10152309000.0000 | 11586829000.0000 | 6004618000.0000 | 131714833000.0000 | 82156707000.0000 | 49558126000.0000 |
| 2011 | 35794801000.0000 | 14182306000.0000 | 14476010000.0000 | 8121094000.0000 | 184590161000.0000 | 117533000000.0000 | 67057161000.0000 |
| 2012 | 44363629000.0000 | 16696412000.0000 | 17495034000.0000 | 10568598000.0000 | 228255503000.0000 | 151755719000.0000 | 76499784000.0000 |
| 2013 | 71388745000.0000 | 20107000000.0000 | 24278223000.0000 | 14696006000.0000 | 281756606000.0000 | 188169887000.0000 | 93586719000.0000 |
| 2014 | 89704532000.0000 | 27353290000.0000 | 27365728000.0000 | 15140938000.0000 | 362279042000.0000 | 245156020000.0000 | 117123022000.0000 |
| 2015 | 103906275000.0000 | 32344732000.0000 | 32721739000.0000 | 17697752000.0000 | 397616307000.0000 | 265128715000.0000 | 132487592000.0000 |
| 2016 | 109327527000.0000 | 36888972000.0000 | 38387292000.0000 | 19500880000.0000 | 427044754000.0000 | 287886112000.0000 | 139158642000.0000 |
| 2017 | 101942519000.0000 | 40961503000.0000 | 39425254000.0000 | 19690400000.0000 | 480450504000.0000 | 336210232000.0000 | 144240272000.0000 |
| 2018 | 121188926000.0000 | 52581689000.0000 | 51726285000.0000 | 24237875000.0000 | 655743327000.0000 | 475038586000.0000 | 180704741000.0000 |
| 2019 | 148167235000.0000 | 56138519000.0000 | 61144975000.0000 | 28783682000.0000 | 769888555000.0000 | 534097725000.0000 | 235790830000.0000 |
| 2020 | 179587269000.0000 | 55415215000.0000 | 60172049000.0000 | 29809959000.0000 | 869041400000.0000 | 612799222000.0000 | 256242178000.0000 |
| 2021 | 212108358000.0000 | 57199656000.0000 | 60365758000.0000 | 32401239000.0000 | 949804264000.0000 | 657728290000.0000 | 292075974000.0000 |
| 2022 | 207061119000.0000 | 54290610000.0000 | 55509355000.0000 | 28091865000.0000 | 1081331901000.0000 | 739624851000.0000 | 341707050000.0000 |
| 2023 | 251137103000.0000 | 63161914000.0000 | 66437894000.0000 | 31365372000.0000 | 1191177109000.0000 | 807028055000.0000 | 384149054000.0000 |
| 2024 | 278799425000.0000 | 60333505000.0000 | 58228191000.0000 | 25577359000.0000 | 1128393668000.0000 | 731654071000.0000 | 396739597000.0000 |
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 | 25.19 | 45.1300 | 2.16 | 4.1600 | 0.08 | -- | 0.06 |
| 2000 | 12.17 | 12.3200 | 2.28 | 2.5900 | 0.29 | -- | 0.20 |
| 2001 | 10.89 | 1.6000 | 0.48 | 4.1400 | 0.82 | -- | 0.45 |
| 2002 | 4.62 | -2.2300 | -0.05 | 2.6800 | 0.25 | -- | 0.14 |
| 2003 | 6.96 | 2.3100 | 0.40 | 1.9800 | 0.24 | -- | 0.14 |
| 2004 | 11.11 | 3.3600 | 0.77 | 0.5700 | 0.30 | -- | 0.18 |
| 2005 | 19.40 | 17.3400 | 2.73 | 4.7400 | 0.42 | -- | 0.15 |
| 2006 | 32.37 | 33.5500 | 4.98 | 7.4600 | 0.29 | -- | 0.15 |
| 2007 | 36.68 | 47.5900 | 5.80 | 6.4700 | 0.16 | -- | 0.12 |
| 2008 | 35.69 | 31.0500 | 4.38 | 6.5900 | 0.16 | -- | 0.14 |
| 2009 | 35.89 | 41.9800 | 6.95 | 11.4200 | 0.25 | -- | 0.16 |
| 2010 | 39.46 | 44.8500 | 8.80 | 13.0500 | 0.25 | -- | 0.20 |
| 2011 | 39.62 | 40.3200 | 7.84 | 13.3800 | 0.22 | -- | 0.19 |
| 2012 | 37.64 | 38.5000 | 7.66 | 15.2900 | 0.20 | -- | 0.19 |
| 2013 | 28.17 | 33.5700 | 8.62 | 17.3300 | 0.34 | -- | 0.25 |
| 2014 | 30.49 | 30.4400 | 7.55 | 14.3300 | 0.33 | -- | 0.25 |
| 2015 | 31.13 | 31.2000 | 8.23 | 15.3100 | 0.37 | -- | 0.26 |
| 2016 | 33.74 | 34.5600 | 8.99 | 16.7500 | 0.37 | -- | 0.26 |
| 2017 | 40.18 | 38.4800 | 8.21 | 16.4500 | 0.27 | -- | 0.21 |
| 2018 | 43.39 | 41.6100 | 7.89 | 17.5200 | 0.22 | -- | 0.18 |
| 2019 | 37.89 | 38.7600 | 7.94 | 16.3600 | 0.26 | -- | 0.19 |
| 2020 | 30.86 | 31.8400 | 6.92 | 14.6500 | 0.33 | -- | 0.21 |
| 2021 | 26.97 | 26.4300 | 6.36 | 14.3000 | 0.38 | -- | 0.22 |
| 2022 | 26.22 | 24.8300 | 5.13 | 11.5100 | 0.31 | -- | 0.19 |
| 2023 | 25.15 | 25.5200 | 5.58 | 11.8400 | 0.36 | -- | 0.21 |
| 2024 | 21.64 | 20.7500 | 5.16 | 9.3900 | 0.50 | -- | 0.25 |
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 | 36.20 | 63.80 | 3.37 | 1.13 |
| 2000 | 40.25 | 59.75 | 2.50 | 0.67 |
| 2001 | 35.61 | 64.39 | 2.14 | 0.76 |
| 2002 | 38.80 | 61.20 | 4.18 | 1.32 |
| 2003 | 46.54 | 53.46 | 3.72 | 1.31 |
| 2004 | 56.79 | 43.21 | 2.02 | 0.67 |
| 2005 | 53.14 | 46.86 | 1.79 | 0.74 |
| 2006 | 56.12 | 43.88 | 2.07 | 0.95 |
| 2007 | 49.97 | 50.03 | 3.41 | 1.17 |
| 2008 | 54.73 | 45.27 | 2.87 | 0.84 |
| 2009 | 61.58 | 38.42 | 2.30 | 1.05 |
| 2010 | 62.37 | 37.63 | 2.04 | 0.77 |
| 2011 | 63.67 | 36.33 | 1.93 | 0.54 |
| 2012 | 66.49 | 33.51 | 1.76 | 0.37 |
| 2013 | 66.78 | 33.22 | 1.58 | 0.44 |
| 2014 | 67.67 | 32.33 | 1.63 | 0.50 |
| 2015 | 66.68 | 33.32 | 1.51 | 0.49 |
| 2016 | 67.41 | 32.59 | 1.46 | 0.50 |
| 2017 | 69.98 | 30.02 | 1.39 | 0.46 |
| 2018 | 72.44 | 27.56 | 1.33 | 0.45 |
| 2019 | 69.37 | 30.63 | 1.32 | 0.42 |
| 2020 | 70.51 | 29.49 | 1.29 | 0.44 |
| 2021 | 69.25 | 30.75 | 1.32 | 0.46 |
| 2022 | 68.40 | 31.60 | 1.35 | 0.41 |
| 2023 | 67.75 | 32.25 | 1.34 | 0.44 |
| 2024 | 64.84 | 35.16 | 1.41 | 0.53 |
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 | 332105000.0000 | -- | 32152000.0000 | 39896000.0000 |
| 2000 | 1433397000.0000 | -- | 21452000.0000 | 8622000.0000 |
| 2001 | 3048549000.0000 | -- | 41914000.0000 | 17420000.0000 |
| 2002 | 1077899000.0000 | -- | 49640000.0000 | 5009000.0000 |
| 2003 | 1165120000.0000 | -- | 55749000.0000 | 34362000.0000 |
| 2004 | 1679789000.0000 | -- | 68455000.0000 | 28636000.0000 |
| 2005 | 2181671000.0000 | -- | 108267000.0000 | 67290000.0000 |
| 2006 | 2662373000.0000 | -- | 238324000.0000 | 176919000.0000 |
| 2007 | 3597462000.0000 | -- | 275233000.0000 | 152827000.0000 |
| 2008 | 6023550000.0000 | -- | 580302000.0000 | 151275000.0000 |
| 2009 | 10674195000.0000 | -- | 870693000.0000 | 154389000.0000 |
| 2010 | 15576849000.0000 | -- | 1051311000.0000 | 304445000.0000 |
| 2011 | 21612495000.0000 | -- | 2125867000.0000 | 698748000.0000 |
| 2012 | 27667217000.0000 | -- | 1809059000.0000 | 669582000.0000 |
| 2013 | 51281745000.0000 | -- | 1820157000.0000 | 145760000.0000 |
| 2014 | 62351242000.0000 | -- | 2252667000.0000 | 831839000.0000 |
| 2015 | 71561543000.0000 | -- | 3061769000.0000 | 929589000.0000 |
| 2016 | 72438555000.0000 | -- | 3082962000.0000 | 193318000.0000 |
| 2017 | 60981016000.0000 | -- | 3654767000.0000 | 1602700000.0000 |
| 2018 | 68607237000.0000 | -- | 4159441000.0000 | 1742695000.0000 |
| 2019 | 92028716000.0000 | -- | 5779010000.0000 | 1389547000.0000 |
| 2020 | 124172054000.0000 | -- | 5087244000.0000 | 1284073000.0000 |
| 2021 | 154908702000.0000 | -- | 5871565000.0000 | 1397227000.0000 |
| 2022 | 152770509000.0000 | -- | 5385588000.0000 | 1699518000.0000 |
| 2023 | 187975189000.0000 | -- | 6678829000.0000 | 1743918000.0000 |
| 2024 | 218465920000.0000 | -- | 6000911000.0000 | 3181775000.0000 |