中商官网
研究报告
华住集团-S（HK1179）
主要经济指标
| 类别\年份 | 营业额 （元) |
营业额同比 （%) |
营业利润 （元) |
营业利润同比 （%) |
利润总额 （元) |
利润总额同比 （%) |
净利润 （元) |
净利润同比 （%) |
| 2024-09 | 17868000000.0000 | 9.63 | 6773000000.0000 | 13.77 | 4113000000.0000 | -4.75 | 2999000000.0000 | -10.26 |
| 2024-12 | 23891000000.0000 | 9.18 | 8606000000.0000 | 14.12 | 4764000000.0000 | -10.94 | 3048000000.0000 | -25.39 |
| 2025-03 | 5395000000.0000 | 2.22 | 1791000000.0000 | 4.55 | 1276000000.0000 | 33.33 | 894000000.0000 | 35.66 |
| 2024-03 | 5278000000.0000 | 17.81 | 1713000000.0000 | 39.27 | 957000000.0000 | -20.84 | 659000000.0000 | -33.43 |
| 2024-06 | 11426000000.0000 | 14.15 | 4130000000.0000 | 25.99 | 2451000000.0000 | -4.44 | 1726000000.0000 | -13.92 |
| 2023-12 | 21882000000.0000 | 57.86 | 7541000000.0000 | 370.72 | 5349000000.0000 | -433.06 | 4085000000.0000 | -324.33 |
| 2023-06 | 10010000000.0000 | 65.10 | 3278000000.0000 | 1079.14 | 2565000000.0000 | -280.25 | 2005000000.0000 | -304.59 |
| 2023-09 | 16298000000.0000 | 60.48 | 5953000000.0000 | 348.94 | 4318000000.0000 | -357.18 | 3342000000.0000 | -296.94 |
| 2022-12 | 13862000000.0000 | 8.42 | 1602000000.0000 | 6.59 | -1606000000.0000 | 293.63 | -1821000000.0000 | 291.61 |
| 2023-03 | 4480000000.0000 | 67.10 | 1230000000.0000 | -1031.82 | 1209000000.0000 | -261.85 | 990000000.0000 | -257.14 |
| 2022-06 | 6063000000.0000 | 2.52 | 278000000.0000 | -60.96 | -1423000000.0000 | -1048.67 | -980000000.0000 | -853.85 |
| 2022-03 | 2681000000.0000 | 15.21 | -132000000.0000 | -2.94 | -747000000.0000 | 107.50 | -630000000.0000 | 154.03 |
| 2022-09 | 10156000000.0000 | 7.62 | 1326000000.0000 | -1.78 | -1679000000.0000 | 83850.00 | -1697000000.0000 | 24142.86 |
| 2021-12 | 12785000000.0000 | 25.39 | 1503000000.0000 | 221.84 | -408000000.0000 | -82.10 | -465000000.0000 | -78.79 |
| 2021-03 | 2327000000.0000 | 15.60 | -136000000.0000 | -62.64 | -360000000.0000 | -83.08 | -248000000.0000 | -88.38 |
| 2021-09 | 9437000000.0000 | 32.47 | 1350000000.0000 | 850.70 | -2000000.0000 | -99.93 | -7000000.0000 | -99.76 |
| 2021-06 | 5914000000.0000 | 49.12 | 712000000.0000 | -230.40 | 150000000.0000 | -105.52 | 130000000.0000 | -104.85 |
| 2020-09 | 7124000000.0000 | -14.18 | 142000000.0000 | -95.25 | -2937000000.0000 | -265.00 | -2895000000.0000 | -351.74 |
| 2020-06 | 3966000000.0000 | -24.40 | -546000000.0000 | -130.88 | -2717000000.0000 | -347.68 | -2683000000.0000 | -473.16 |
| 2020-12 | 10196000000.0000 | -9.06 | 467000000.0000 | -88.39 | -2279000000.0000 | -188.85 | -2192000000.0000 | -223.91 |
| 2019-12 | 11212000000.0000 | 11.42 | 4022000000.0000 | 12.13 | 2565000000.0000 | 84.13 | 1769000000.0000 | 147.07 |
| 2020-03 | 2013000000.0000 | -15.67 | -364000000.0000 | -155.83 | -2128000000.0000 | -1405.52 | -2135000000.0000 | -2114.15 |
| 2019-09 | 8301000000.0000 | -- | 2989000000.0000 | -- | 1780000000.0000 | -- | 1150000000.0000 | -- |
| 2019-06 | 5246000000.0000 | -- | 1768000000.0000 | -- | 1097000000.0000 | -- | 719000000.0000 | -- |
| 2017-12 | 8229000000.0000 | -- | 2554000000.0000 | -- | 1597000000.0000 | -- | 1228000000.0000 | -- |
| 2019-03 | 2387000000.0000 | -- | 652000000.0000 | -- | 163000000.0000 | -- | 106000000.0000 | -- |
| 2018-12 | 10063000000.0000 | 22.29 | 3587000000.0000 | 40.45 | 1393000000.0000 | -12.77 | 716000000.0000 | -41.69 |
| 2025-06 | 11821000000.0000 | 3.46 | 4465000000.0000 | 8.11 | 3404000000.0000 | 38.88 | 2438000000.0000 | 41.25 |
| 2025-09 | 18782000000.0000 | 5.12 | 7364000000.0000 | 8.73 | 5543000000.0000 | 34.77 | 3907000000.0000 | 30.28 |
| 2025-12 | 25307000000.0000 | 5.93 | 9968000000.0000 | 15.83 | 7276000000.0000 | 52.73 | 5080000000.0000 | 66.67 |
| 2026-03 | 5996000000.0000 | 11.14 | 2341000000.0000 | 30.71 | 1300000000.0000 | 1.88 | 817000000.0000 | -8.61 |
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) |
| 2024-09 | 37.91 | 23.2800 | 6.63 | 24.7200 | 176.11 | -- | 0.29 |
| 2024-12 | 36.02 | 20.3900 | 7.62 | 25.0300 | 254.75 | -- | 0.38 |
| 2025-03 | 33.20 | 23.8600 | 2.07 | 8.5200 | 62.14 | -- | 0.09 |
| 2024-03 | 32.46 | 17.4100 | 1.56 | 5.3700 | 63.66 | -- | 0.09 |
| 2024-06 | 36.15 | 21.5600 | 3.92 | 13.7200 | 119.61 | -- | 0.18 |
| 2023-12 | 34.46 | 23.9500 | 8.42 | 33.6600 | 243.07 | -- | 0.34 |
| 2023-06 | 32.75 | 25.6800 | 4.06 | 15.4200 | 103.57 | -- | 0.16 |
| 2023-09 | 36.53 | 26.5900 | 6.88 | 23.2800 | 159.15 | -- | 0.26 |
| 2022-12 | 11.56 | -9.0000 | -2.61 | -20.8600 | 175.14 | -- | 0.23 |
| 2023-03 | 27.46 | 26.7000 | 1.86 | 8.4300 | 51.59 | -- | 0.07 |
| 2022-06 | 4.59 | -20.4000 | -2.30 | -10.4700 | 65.74 | -- | 0.10 |
| 2022-03 | -4.92 | -29.8800 | -1.21 | -6.4800 | 33.49 | -- | 0.04 |
| 2022-09 | 13.06 | -11.6200 | -2.74 | -19.5500 | 106.39 | -- | 0.17 |
| 2021-12 | 11.76 | -2.4400 | -0.64 | -4.2500 | 128.20 | -- | 0.20 |
| 2021-03 | -5.84 | -25.7000 | -0.58 | -2.2400 | 28.64 | -- | 0.04 |
| 2021-09 | 14.31 | 0.6100 | 0.00 | -0.0600 | 95.14 | -- | 0.15 |
| 2021-06 | 12.04 | -0.5100 | 0.23 | 1.1300 | 63.44 | -- | 0.09 |
| 2020-09 | 1.99 | -41.2300 | -4.47 | -29.3600 | 75.08 | -- | 0.11 |
| 2020-06 | -13.77 | -42.3600 | -4.43 | -56.6500 | 49.04 | -- | 0.06 |
| 2020-12 | 4.58 | -19.7500 | -3.50 | -19.3500 | 109.31 | -- | 0.16 |
| 2019-12 | 35.87 | 22.8800 | 4.84 | 23.9700 | 126.14 | -- | 0.21 |
| 2020-03 | -18.08 | -105.7100 | -3.57 | -41.0600 | 26.41 | -- | 0.03 |
| 2019-09 | 36.01 | 21.4400 | -- | -- | -- | -- | -- |
| 2019-06 | 33.70 | 20.9100 | -- | -- | -- | -- | -- |
| 2017-12 | 31.04 | 19.4100 | 9.12 | 19.8100 | 236.46 | -- | 0.47 |
| 2019-03 | 27.31 | 6.8300 | -- | -- | -- | -- | -- |
| 2018-12 | 35.65 | 13.8400 | 5.81 | 11.6000 | 157.95 | -- | 0.42 |
| 2025-06 | 37.77 | 28.9000 | 5.25 | 20.0600 | 118.65 | -- | 0.18 |
| 2025-09 | 39.21 | 29.5900 | 8.72 | 32.8900 | 187.18 | -- | 0.30 |
| 2025-12 | 39.39 | 28.8900 | 11.23 | 39.6800 | 269.11 | -- | 0.39 |
| 2026-03 | 39.04 | 21.5600 | 2.03 | 7.4600 | 70.29 | -- | 0.09 |
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 |
| 2024-09 | 80.31 | 19.69 | 0.88 | 0.87 |
| 2024-12 | 80.38 | 19.62 | 0.99 | 0.99 |
| 2025-03 | 82.75 | 17.25 | 0.88 | 0.88 |
| 2024-03 | 79.82 | 20.18 | 0.70 | 0.69 |
| 2024-06 | 79.64 | 20.36 | 0.97 | 0.96 |
| 2023-12 | 80.72 | 19.28 | 0.69 | 0.69 |
| 2023-06 | 79.24 | 20.76 | 0.67 | 0.67 |
| 2023-09 | 76.94 | 23.06 | 0.73 | 0.72 |
| 2022-12 | 85.69 | 14.31 | 0.70 | 0.69 |
| 2023-03 | 81.79 | 18.21 | 0.94 | 0.93 |
| 2022-06 | 84.73 | 15.27 | 0.61 | 0.60 |
| 2022-03 | 84.15 | 15.85 | 0.56 | 0.55 |
| 2022-09 | 85.72 | 14.28 | 0.70 | 0.69 |
| 2021-12 | 82.54 | 17.46 | 0.63 | 0.62 |
| 2021-03 | 82.08 | 17.92 | 1.15 | 1.14 |
| 2021-09 | 82.05 | 17.95 | 1.08 | 1.07 |
| 2021-06 | 82.05 | 17.95 | 1.08 | 1.07 |
| 2020-09 | 84.87 | 15.13 | 0.86 | 0.86 |
| 2020-06 | 92.17 | 7.83 | 0.58 | 0.58 |
| 2020-12 | 82.45 | 17.55 | 1.22 | 1.22 |
| 2019-12 | 85.84 | 14.16 | 1.06 | 1.05 |
| 2020-03 | 91.16 | 8.84 | 0.50 | 0.49 |
| 2019-09 | -- | -- | -- | -- |
| 2019-06 | -- | -- | -- | -- |
| 2017-12 | 64.39 | 35.61 | 1.53 | 1.52 |
| 2019-03 | -- | -- | -- | -- |
| 2018-12 | 73.66 | 26.34 | 1.17 | 1.16 |
| 2025-06 | 81.02 | 18.98 | 0.81 | 0.81 |
| 2025-09 | 81.08 | 18.92 | 0.85 | 0.84 |
| 2025-12 | 80.00 | 20.00 | 0.91 | 0.91 |
| 2026-03 | 82.70 | 17.30 | 0.93 | 0.93 |
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) |
| 2024/9/30 0:00:00 | 11095000000.0000 | -- | 1783000000.0000 | 204000000.0000 |
| 2024/12/31 0:00:00 | 15285000000.0000 | -- | 2508000000.0000 | 380000000.0000 |
| 2025/3/31 0:00:00 | 3604000000.0000 | -- | 512000000.0000 | -183000000.0000 |
| 2024/3/31 0:00:00 | 3565000000.0000 | -- | 509000000.0000 | 124000000.0000 |
| 2024/6/30 0:00:00 | 7296000000.0000 | -- | 1111000000.0000 | 176000000.0000 |
| 2023/12/31 0:00:00 | 14341000000.0000 | -- | 2086000000.0000 | 47000000.0000 |
| 2023/6/30 0:00:00 | 6732000000.0000 | -- | 902000000.0000 | 24000000.0000 |
| 2023/9/30 0:00:00 | 10345000000.0000 | -- | 1441000000.0000 | 195000000.0000 |
| 2022/12/31 0:00:00 | 12260000000.0000 | -- | 1675000000.0000 | 963000000.0000 |
| 2023/3/31 0:00:00 | 3250000000.0000 | -- | 425000000.0000 | -18000000.0000 |
| 2022/6/30 0:00:00 | 5785000000.0000 | -- | 830000000.0000 | 625000000.0000 |
| 2022/3/31 0:00:00 | 2813000000.0000 | -- | 462000000.0000 | 152000000.0000 |
| 2022/9/30 0:00:00 | 8830000000.0000 | -- | 1235000000.0000 | 1054000000.0000 |
| 2021/12/31 0:00:00 | 11282000000.0000 | -- | 1545000000.0000 | 633000000.0000 |
| 2021/3/31 0:00:00 | 2463000000.0000 | -- | 328000000.0000 | 285000000.0000 |
| 2021/9/30 0:00:00 | 8087000000.0000 | -- | 1108000000.0000 | 453000000.0000 |
| 2021/6/30 0:00:00 | 5202000000.0000 | -- | 720000000.0000 | 285000000.0000 |
| 2020/9/30 0:00:00 | 6982000000.0000 | -- | 922000000.0000 | 305000000.0000 |
| 2020/6/30 0:00:00 | 4512000000.0000 | -- | 579000000.0000 | 248000000.0000 |
| 2020/12/31 0:00:00 | 9729000000.0000 | -- | 1259000000.0000 | 239000000.0000 |
| 2019/12/31 0:00:00 | 7190000000.0000 | -- | 1061000000.0000 | 190000000.0000 |
| 2020/3/31 0:00:00 | 2377000000.0000 | -- | 316000000.0000 | 166000000.0000 |
| 2019/9/30 0:00:00 | 5312000000.0000 | -- | 730000000.0000 | 217000000.0000 |
| 2019/6/30 0:00:00 | 3478000000.0000 | -- | 453000000.0000 | 83000000.0000 |
| 2017/12/31 0:00:00 | 5675000000.0000 | -- | 691000000.0000 | -8000000.0000 |
| 2019/3/31 0:00:00 | 1735000000.0000 | -- | 206000000.0000 | 76000000.0000 |
| 2018/12/31 0:00:00 | 6476000000.0000 | -- | 851000000.0000 | 240000000.0000 |
| 2025/6/30 0:00:00 | 7356000000.0000 | -- | 1172000000.0000 | -510000000.0000 |
| 2025/9/30 0:00:00 | 11418000000.0000 | -- | 1717000000.0000 | -523000000.0000 |
| 2025/12/31 0:00:00 | 15339000000.0000 | -- | 2262000000.0000 | -455000000.0000 |
| 2026/3/31 0:00:00 | 3655000000.0000 | -- | 560000000.0000 | 177000000.0000 |