中商官网
研究报告
华晨中国（HK1114）
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 | 4351169000.0000 | 1484967000.0000 | 1008465000.0000 | 645425000.0000 | 7021145000.0000 | 3568580000.0000 | 3452565000.0000 |
| 2000 | 6306430000.0000 | 1870275000.0000 | 1549480000.0000 | 958629000.0000 | 10537104000.0000 | 6177693000.0000 | 4359411000.0000 |
| 2001 | 6218436000.0000 | 1910448000.0000 | 1229680000.0000 | 900269000.0000 | 11676823000.0000 | 5741741000.0000 | 5935082000.0000 |
| 2002 | 7319455000.0000 | 1908321000.0000 | 905579000.0000 | 650847000.0000 | 13876753000.0000 | 7332746000.0000 | 6544007000.0000 |
| 2003 | 10109557000.0000 | 2382432000.0000 | 1253027000.0000 | 936447000.0000 | 18288042000.0000 | 9686504000.0000 | 8601538000.0000 |
| 2004 | 6541998000.0000 | 1054955000.0000 | -458083000.0000 | 48569000.0000 | 17769589000.0000 | 9707148000.0000 | 8062441000.0000 |
| 2005 | 5468990000.0000 | 504229000.0000 | -1156445000.0000 | -649608000.0000 | 14806946000.0000 | 8089496000.0000 | 6717450000.0000 |
| 2006 | 10484754000.0000 | 544794000.0000 | -656764000.0000 | -398422000.0000 | 14863191000.0000 | 8838051000.0000 | 6025140000.0000 |
| 2007 | 14149149000.0000 | 1133919000.0000 | 211567000.0000 | 97086000.0000 | 16869927000.0000 | 10610528000.0000 | 6259399000.0000 |
| 2008 | 5472738000.0000 | 686761000.0000 | 739134000.0000 | 80929000.0000 | 17315040000.0000 | 11447785000.0000 | 5867255000.0000 |
| 2009 | 6148962000.0000 | 855243000.0000 | -4987000.0000 | -1639835000.0000 | 11465050000.0000 | 7736469000.0000 | 3728581000.0000 |
| 2010 | 8948740000.0000 | 1223629000.0000 | 1464903000.0000 | 1270926000.0000 | 13220128000.0000 | 7963617000.0000 | 5256511000.0000 |
| 2011 | 6442858000.0000 | 855537000.0000 | 1949412000.0000 | 1812286000.0000 | 12810653000.0000 | 6573466000.0000 | 6237187000.0000 |
| 2012 | 5915991000.0000 | 696185000.0000 | 2294607000.0000 | 2301022000.0000 | 16057556000.0000 | 6859084000.0000 | 9198472000.0000 |
| 2013 | 6103487000.0000 | 686519000.0000 | 3324729000.0000 | 3374200000.0000 | 18990263000.0000 | 6848918000.0000 | 12141345000.0000 |
| 2014 | 5514804000.0000 | 562472000.0000 | 5342882000.0000 | 5403434000.0000 | 23206929000.0000 | 7252996000.0000 | 15953933000.0000 |
| 2015 | 4862855000.0000 | 207947000.0000 | 3324798000.0000 | 3494733000.0000 | 27072274000.0000 | 8008593000.0000 | 19063681000.0000 |
| 2016 | 5125118000.0000 | 171563000.0000 | 3424537000.0000 | 3682074000.0000 | 31043012000.0000 | 8444489000.0000 | 22598523000.0000 |
| 2017 | 5304723000.0000 | 186226000.0000 | 3899766000.0000 | 4376120000.0000 | 37856131000.0000 | 11155924000.0000 | 26700207000.0000 |
| 2018 | 4377263000.0000 | 286560000.0000 | 5359046000.0000 | 5820909000.0000 | 42099856000.0000 | 10275034000.0000 | 31824822000.0000 |
| 2019 | 3861949000.0000 | 74379000.0000 | 6196989000.0000 | 6667240000.0000 | 49374537000.0000 | 14994552000.0000 | 34379985000.0000 |
| 2020 | 3123210000.0000 | 18587000.0000 | -828590000.0000 | 11219000.0000 | 47974713000.0000 | 14617583000.0000 | 33357130000.0000 |
| 2021 | 2141946000.0000 | 180729000.0000 | 10459611000.0000 | 11960525000.0000 | 49950995000.0000 | 8776656000.0000 | 41174339000.0000 |
| 2022 | 1130725000.0000 | 235572000.0000 | 7142772000.0000 | 7146895000.0000 | 55426604000.0000 | 3209777000.0000 | 52216827000.0000 |
| 2023 | 1121454000.0000 | 288479000.0000 | 8262811000.0000 | 7734993000.0000 | 55154620000.0000 | 3263485000.0000 | 51891135000.0000 |
| 2024 | 1095949000.0000 | 193880000.0000 | 4519902000.0000 | 3101075000.0000 | 29105715000.0000 | 2007834000.0000 | 27097881000.0000 |
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 | 34.13 | 22.1300 | 14.36 | 25.4400 | 7.51 | -- | 0.62 |
| 2000 | 29.66 | 23.3900 | 14.70 | 25.0200 | 5.58 | -- | 0.60 |
| 2001 | 30.72 | 19.0400 | 10.53 | 16.6300 | 6.87 | -- | 0.53 |
| 2002 | 26.07 | 10.8200 | 6.53 | 10.8000 | 6.86 | -- | 0.53 |
| 2003 | 23.57 | 11.4500 | 6.85 | 13.5900 | 6.29 | -- | 0.55 |
| 2004 | 16.13 | -8.5800 | -2.58 | 0.6900 | 3.48 | -- | 0.37 |
| 2005 | 9.22 | -22.0400 | -7.81 | -10.3600 | 4.74 | -- | 0.37 |
| 2006 | 5.20 | -7.6900 | -4.42 | -6.7700 | 7.38 | -- | 0.71 |
| 2007 | 8.01 | 0.1400 | 1.25 | 1.6000 | 5.27 | -- | 0.84 |
| 2008 | 12.55 | 8.2900 | 4.27 | 1.3400 | 2.56 | -- | 0.32 |
| 2009 | 13.91 | -6.2000 | -0.04 | -32.6500 | 3.92 | -- | 0.54 |
| 2010 | 13.67 | 4.4500 | 11.08 | 20.0900 | 9.77 | -- | 0.68 |
| 2011 | 13.28 | 0.5800 | 15.22 | 25.9300 | 7.58 | -- | 0.50 |
| 2012 | 11.77 | -3.9100 | 14.29 | 22.9800 | 6.23 | -- | 0.37 |
| 2013 | 11.25 | -5.1900 | 17.51 | 25.9200 | 7.04 | -- | 0.32 |
| 2014 | 10.20 | -7.6700 | 23.02 | 31.9100 | 6.22 | -- | 0.24 |
| 2015 | 4.28 | -14.7700 | 12.28 | 17.5700 | 3.84 | -- | 0.18 |
| 2016 | 3.35 | -16.0300 | 11.03 | 15.5200 | 4.49 | -- | 0.17 |
| 2017 | 3.51 | -29.2300 | 10.30 | 16.5000 | 4.90 | -- | 0.14 |
| 2018 | 6.55 | -21.0000 | 12.73 | 18.7300 | 4.04 | -- | 0.10 |
| 2019 | 1.93 | -36.5700 | 12.55 | 19.7100 | 5.37 | -- | 0.08 |
| 2020 | 0.60 | -338.5200 | -1.73 | 0.0300 | 6.14 | -- | 0.07 |
| 2021 | 8.44 | -183.7400 | 20.94 | 28.2600 | 6.57 | -- | 0.04 |
| 2022 | 20.83 | -14.9400 | 12.89 | 13.8900 | 4.83 | -- | 0.02 |
| 2023 | 25.72 | 41.5500 | 14.98 | 15.1300 | 6.54 | -- | 0.02 |
| 2024 | 17.69 | 14.4700 | 15.53 | 11.9000 | 3.46 | -- | 0.04 |
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 | 50.83 | 49.17 | 1.34 | 1.23 |
| 2000 | 58.63 | 41.37 | 0.98 | 0.85 |
| 2001 | 49.17 | 50.83 | 1.07 | 0.96 |
| 2002 | 52.84 | 47.16 | 1.13 | 1.02 |
| 2003 | 52.97 | 47.03 | 1.28 | 1.13 |
| 2004 | 54.63 | 45.37 | 1.15 | 0.96 |
| 2005 | 54.63 | 45.37 | 0.89 | 0.76 |
| 2006 | 59.46 | 40.54 | 1.09 | 0.90 |
| 2007 | 62.90 | 37.10 | 1.11 | 0.83 |
| 2008 | 66.11 | 33.89 | 0.84 | 0.67 |
| 2009 | 67.48 | 32.52 | 0.90 | 0.71 |
| 2010 | 60.24 | 39.76 | 0.89 | 0.79 |
| 2011 | 51.31 | 48.69 | 0.92 | 0.81 |
| 2012 | 42.72 | 57.28 | 0.94 | 0.81 |
| 2013 | 36.07 | 63.93 | 0.96 | 0.85 |
| 2014 | 31.25 | 68.75 | 0.89 | 0.78 |
| 2015 | 29.58 | 70.42 | 0.91 | 0.76 |
| 2016 | 27.20 | 72.80 | 0.84 | 0.71 |
| 2017 | 29.47 | 70.53 | 0.82 | 0.73 |
| 2018 | 24.41 | 75.59 | 0.92 | 0.82 |
| 2019 | 30.37 | 69.63 | 1.28 | 1.24 |
| 2020 | 30.47 | 69.53 | 0.81 | 0.77 |
| 2021 | 17.57 | 82.43 | 0.58 | 0.54 |
| 2022 | 5.79 | 94.21 | 10.83 | 10.77 |
| 2023 | 5.92 | 94.08 | 11.11 | 11.07 |
| 2024 | 6.90 | 93.10 | 7.31 | 7.17 |
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 | 2866202000.0000 | -- | 233128000.0000 | 25558000.0000 |
| 2000 | 4436155000.0000 | -- | 210786000.0000 | -10071000.0000 |
| 2001 | 4307988000.0000 | -- | 382059000.0000 | 71743000.0000 |
| 2002 | 5411134000.0000 | -- | 625020000.0000 | 127669000.0000 |
| 2003 | 7727125000.0000 | -- | 615591000.0000 | 114439000.0000 |
| 2004 | 5487043000.0000 | -- | 732647000.0000 | 123658000.0000 |
| 2005 | 4964761000.0000 | -- | 616300000.0000 | 174660000.0000 |
| 2006 | 9939960000.0000 | -- | 643977000.0000 | 110544000.0000 |
| 2007 | 13015230000.0000 | -- | 547853000.0000 | -2147000.0000 |
| 2008 | 4785977000.0000 | -- | 292150000.0000 | 62221000.0000 |
| 2009 | 5293719000.0000 | -- | 331016000.0000 | 63076000.0000 |
| 2010 | 7725111000.0000 | -- | 363053000.0000 | 92157000.0000 |
| 2011 | 5587321000.0000 | -- | 360906000.0000 | 117395000.0000 |
| 2012 | 5219806000.0000 | -- | 338717000.0000 | 99963000.0000 |
| 2013 | 5416968000.0000 | -- | 399396000.0000 | 91700000.0000 |
| 2014 | 4952332000.0000 | -- | 401564000.0000 | 102706000.0000 |
| 2015 | 4654908000.0000 | -- | 394248000.0000 | 66262000.0000 |
| 2016 | 4953555000.0000 | -- | 383202000.0000 | 79959000.0000 |
| 2017 | 5118497000.0000 | -- | 1192936000.0000 | 82428000.0000 |
| 2018 | 4090703000.0000 | -- | 918058000.0000 | 53215000.0000 |
| 2019 | 3787570000.0000 | -- | 1153435000.0000 | -5935000.0000 |
| 2020 | 3104623000.0000 | -- | 2201127000.0000 | -49593000.0000 |
| 2021 | 1961217000.0000 | -- | 2941517000.0000 | 75866000.0000 |
| 2022 | 895153000.0000 | -- | 437802000.0000 | -403396000.0000 |
| 2023 | 832975000.0000 | -- | 432269000.0000 | -668430000.0000 |
| 2024 | 902069000.0000 | -- | 528637000.0000 | -414154000.0000 |