中商官网
研究报告
大湾区聚变力量（HK1189）
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) |
| 2002 | 1323286000.0000 | 152693000.0000 | -304153000.0000 | -302248000.0000 | 1431314000.0000 | 776738000.0000 | 654576000.0000 |
| 2003 | 1416235000.0000 | 157754000.0000 | -373047000.0000 | -370972000.0000 | 1107351000.0000 | 784252000.0000 | 323099000.0000 |
| 2004 | 1722177000.0000 | 295525000.0000 | -2852000.0000 | 8556000.0000 | 2572322000.0000 | 1643878000.0000 | 928444000.0000 |
| 2005 | 1815718000.0000 | 346420000.0000 | 30126000.0000 | 31109000.0000 | 3031623000.0000 | 1617579000.0000 | 1414044000.0000 |
| 2006 | 1992354000.0000 | 355899000.0000 | -81295000.0000 | -71748000.0000 | 3834882000.0000 | 2148095000.0000 | 1686787000.0000 |
| 2007 | 2266163000.0000 | 416635000.0000 | -42143000.0000 | -16199000.0000 | 4813625000.0000 | 2251098000.0000 | 2562527000.0000 |
| 2008 | 2216897000.0000 | 423698000.0000 | -825748000.0000 | -688918000.0000 | 4623726000.0000 | 2372211000.0000 | 2251515000.0000 |
| 2009 | 257989000.0000 | 75520000.0000 | -231170000.0000 | -357811000.0000 | 3706012000.0000 | 1831044000.0000 | 1874968000.0000 |
| 2010 | 309339000.0000 | 25391000.0000 | -290872000.0000 | 468446000.0000 | 3023269000.0000 | 754118000.0000 | 2269151000.0000 |
| 2011 | 391023000.0000 | 60313000.0000 | -217886000.0000 | -206643000.0000 | 3151655000.0000 | 1057409000.0000 | 2094246000.0000 |
| 2012 | 429466000.0000 | 110806000.0000 | -148112000.0000 | -143188000.0000 | 3130142000.0000 | 1240384000.0000 | 1889758000.0000 |
| 2013 | 447220000.0000 | 115287000.0000 | 502184000.0000 | 381966000.0000 | 3567266000.0000 | 1348673000.0000 | 2218593000.0000 |
| 2014 | 406647000.0000 | 145321000.0000 | 375531000.0000 | 380755000.0000 | 2972714000.0000 | 482643000.0000 | 2490071000.0000 |
| 2015 | 235412000.0000 | 83855000.0000 | -119811000.0000 | -105098000.0000 | 2678164000.0000 | 230521000.0000 | 2447643000.0000 |
| 2016 | 242296000.0000 | 97607000.0000 | -92529000.0000 | -86438000.0000 | 2535010000.0000 | 228487000.0000 | 2306523000.0000 |
| 2017 | 252311000.0000 | 100678000.0000 | -127806000.0000 | -116128000.0000 | 2474092000.0000 | 226217000.0000 | 2247875000.0000 |
| 2018 | 263011000.0000 | 106298000.0000 | -65765000.0000 | -3785000.0000 | 2391042000.0000 | 176111000.0000 | 2214931000.0000 |
| 2019 | 215376000.0000 | 61227000.0000 | -109498000.0000 | -95435000.0000 | 2301870000.0000 | 203878000.0000 | 2097992000.0000 |
| 2020 | 89920000.0000 | -8041000.0000 | -83439000.0000 | -71648000.0000 | 2123005000.0000 | 107197000.0000 | 2015808000.0000 |
| 2021 | 79067000.0000 | 40384000.0000 | -38248000.0000 | -33410000.0000 | 2072460000.0000 | 108998000.0000 | 1963462000.0000 |
| 2022 | 53241000.0000 | 26836000.0000 | -30985000.0000 | -23455000.0000 | 1925372000.0000 | 66463000.0000 | 1858909000.0000 |
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) |
| 2002 | 11.54 | -20.4600 | -21.25 | -46.1700 | 926.84 | -- | 0.92 |
| 2003 | 11.14 | -18.2400 | -33.69 | -126.4700 | 1886.78 | -- | 1.28 |
| 2004 | 17.16 | -0.1500 | -0.11 | 1.3600 | 241.60 | -- | 0.67 |
| 2005 | 19.08 | 1.2200 | 0.99 | 3.1800 | 236.56 | -- | 0.60 |
| 2006 | 17.86 | -4.0800 | -2.12 | -5.7200 | 217.41 | -- | 0.52 |
| 2007 | 18.39 | 0.1500 | -0.88 | -0.7900 | 199.24 | -- | 0.47 |
| 2008 | 19.11 | -34.9000 | -17.86 | -37.5200 | 237.23 | -- | 0.48 |
| 2009 | 29.27 | -78.7600 | -6.24 | -23.8000 | 28.28 | -- | 0.07 |
| 2010 | 8.21 | -93.4800 | -9.62 | 23.3600 | 48.34 | -- | 0.10 |
| 2011 | 15.42 | -53.9100 | -6.91 | -11.1400 | 54.32 | -- | 0.12 |
| 2012 | 25.80 | -34.0000 | -4.73 | -8.4000 | 51.53 | -- | 0.14 |
| 2013 | 25.78 | 113.2500 | 14.08 | 19.3300 | 95.14 | -- | 0.13 |
| 2014 | 35.74 | 93.4700 | 12.63 | 16.7800 | 93.16 | -- | 0.14 |
| 2015 | 35.62 | -47.7300 | -4.47 | -4.6800 | 60.84 | -- | 0.09 |
| 2016 | 40.28 | -38.1100 | -3.65 | -4.0900 | 59.27 | -- | 0.10 |
| 2017 | 39.90 | -50.6500 | -5.17 | -5.6500 | 59.32 | -- | 0.10 |
| 2018 | 40.42 | -25.0000 | -2.75 | -0.1900 | 102.03 | -- | 0.11 |
| 2019 | 28.43 | -50.8400 | -4.76 | -4.9600 | 72.10 | -- | 0.09 |
| 2020 | -8.94 | -92.7900 | -3.93 | -3.9100 | 99.15 | -- | 0.04 |
| 2021 | 51.08 | -67.4000 | -1.85 | -1.8700 | 44.72 | -- | 0.04 |
| 2022 | 50.40 | -58.2000 | -1.61 | -1.3900 | 29.94 | -- | 0.03 |
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 |
| 2002 | 54.27 | 45.73 | 1.12 | 1.12 |
| 2003 | 70.82 | 29.18 | 1.16 | 1.16 |
| 2004 | 63.91 | 36.09 | 0.97 | 0.96 |
| 2005 | 53.36 | 46.64 | 1.04 | 1.03 |
| 2006 | 56.01 | 43.99 | 2.61 | 2.60 |
| 2007 | 46.77 | 53.23 | 1.13 | 1.12 |
| 2008 | 51.31 | 48.69 | 0.69 | 0.69 |
| 2009 | 49.41 | 50.59 | 0.77 | 0.76 |
| 2010 | 24.94 | 75.06 | 0.92 | 0.91 |
| 2011 | 33.55 | 66.45 | 0.82 | 0.81 |
| 2012 | 39.63 | 60.37 | 0.70 | 0.69 |
| 2013 | 37.81 | 62.19 | 2.30 | 2.30 |
| 2014 | 16.24 | 83.76 | 6.11 | 6.10 |
| 2015 | 8.61 | 91.39 | 9.86 | 9.85 |
| 2016 | 9.01 | 90.99 | 10.49 | 10.47 |
| 2017 | 9.14 | 90.86 | 10.21 | 10.19 |
| 2018 | 7.37 | 92.63 | 13.59 | 13.58 |
| 2019 | 8.86 | 91.14 | 11.24 | 11.23 |
| 2020 | 5.05 | 94.95 | 22.52 | 22.51 |
| 2021 | 5.26 | 94.74 | 21.00 | 20.99 |
| 2022 | 3.45 | 96.55 | 34.38 | 34.36 |
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) |
| 2002 | 1170593000.0000 | -- | 172800000.0000 | 12708000.0000 |
| 2003 | 1258481000.0000 | -- | 203164000.0000 | 25045000.0000 |
| 2004 | 1426652000.0000 | -- | 241063000.0000 | 66282000.0000 |
| 2005 | 1469298000.0000 | -- | 259810000.0000 | 59376000.0000 |
| 2006 | 1636455000.0000 | -- | 287401000.0000 | 98650000.0000 |
| 2007 | 1849528000.0000 | -- | 337744000.0000 | 139123000.0000 |
| 2008 | 1793199000.0000 | -- | 462545000.0000 | 93733000.0000 |
| 2009 | 182469000.0000 | -- | 223869000.0000 | 104743000.0000 |
| 2010 | 283948000.0000 | -- | 230783000.0000 | 55838000.0000 |
| 2011 | 330710000.0000 | -- | 183091000.0000 | 23731000.0000 |
| 2012 | 318660000.0000 | -- | 151439000.0000 | 18408000.0000 |
| 2013 | 331933000.0000 | -- | 223485000.0000 | 30454000.0000 |
| 2014 | 261326000.0000 | -- | 193111000.0000 | -18457000.0000 |
| 2015 | 151557000.0000 | -- | 169338000.0000 | -37902000.0000 |
| 2016 | 144689000.0000 | -- | 159287000.0000 | -11808000.0000 |
| 2017 | 151633000.0000 | -- | 13715000.0000 | 1066000.0000 |
| 2018 | 156713000.0000 | -- | -- | 376000.0000 |
| 2019 | 154149000.0000 | -- | -- | 3448000.0000 |
| 2020 | 97961000.0000 | -- | -- | 2952000.0000 |
| 2021 | 38683000.0000 | -- | -- | 3330000.0000 |
| 2022 | 26405000.0000 | -- | -- | 3361000.0000 |