中商官网
研究报告
中国宏桥（HK1378）
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) |
| 2007 | 4508281000.0000 | 1390402000.0000 | 1356757000.0000 | 1302714000.0000 | 9355765000.0000 | 7204790000.0000 | 2150975000.0000 |
| 2008 | 8772162000.0000 | 533456000.0000 | 382504000.0000 | 420297000.0000 | 11151792000.0000 | 8571943000.0000 | 2579849000.0000 |
| 2009 | 8668428000.0000 | 899330000.0000 | 774007000.0000 | 556289000.0000 | 11387261000.0000 | 8239770000.0000 | 3147491000.0000 |
| 2010 | 15131591000.0000 | 5741869000.0000 | 5584584000.0000 | 4195738000.0000 | 13345696000.0000 | 6043155000.0000 | 7302541000.0000 |
| 2011 | 23626031000.0000 | 8176386000.0000 | 7953871000.0000 | 5875410000.0000 | 29669048000.0000 | 11272014000.0000 | 18397034000.0000 |
| 2012 | 24804742000.0000 | 8003448000.0000 | 7400553000.0000 | 5452592000.0000 | 44376717000.0000 | 22038820000.0000 | 22337897000.0000 |
| 2013 | 29404462000.0000 | 8142802000.0000 | 7379395000.0000 | 5592675000.0000 | 65178536000.0000 | 38295991000.0000 | 26882545000.0000 |
| 2014 | 36085800000.0000 | 9296468000.0000 | 7327733000.0000 | 5313632000.0000 | 83427737000.0000 | 50993723000.0000 | 32434014000.0000 |
| 2015 | 44109934000.0000 | 9028404000.0000 | 5335953000.0000 | 3706512000.0000 | 106517979000.0000 | 70223321000.0000 | 36294658000.0000 |
| 2016 | 61395578000.0000 | 14196333000.0000 | 9764337000.0000 | 6849829000.0000 | 142521467000.0000 | 96833165000.0000 | 45688302000.0000 |
| 2017 | 97941916000.0000 | 16380242000.0000 | 7116690000.0000 | 5130064000.0000 | 158684987000.0000 | 104947420000.0000 | 53737567000.0000 |
| 2018 | 90194924000.0000 | 15400562000.0000 | 8335692000.0000 | 5407422000.0000 | 176726892000.0000 | 114107395000.0000 | 62619497000.0000 |
| 2019 | 84179288000.0000 | 16464253000.0000 | 8771067000.0000 | 6095335000.0000 | 179604445000.0000 | 113588469000.0000 | 66015976000.0000 |
| 2020 | 86144641000.0000 | 19355188000.0000 | 12704350000.0000 | 10495936000.0000 | 181531000000.0000 | 104729330000.0000 | 76801670000.0000 |
| 2021 | 114490941000.0000 | 30453096000.0000 | 22553934000.0000 | 16073342000.0000 | 188420922000.0000 | 95982093000.0000 | 92438829000.0000 |
| 2022 | 131699427000.0000 | 18239300000.0000 | 12606558000.0000 | 8701953000.0000 | 185741791000.0000 | 89436014000.0000 | 96305777000.0000 |
| 2023 | 133623632000.0000 | 20954597000.0000 | 15890464000.0000 | 11460678000.0000 | 200320085000.0000 | 94063640000.0000 | 106256445000.0000 |
| 2024 | 156168720000.0000 | 42162692000.0000 | 32797312000.0000 | 22372331000.0000 | 229165032000.0000 | 110551534000.0000 | 118613498000.0000 |
| 2025 | 162353725000.0000 | 41505249000.0000 | 33046377000.0000 | -- | -- | 103668524000.0000 | 141710492000.0000 |
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) |
| 2007 | 30.84 | 30.0900 | 14.50 | 61.8000 | 4.10 | -- | 0.48 |
| 2008 | 6.08 | 4.3600 | 3.43 | 16.6200 | 11.07 | -- | 0.79 |
| 2009 | 10.37 | 8.9300 | 6.80 | 18.0300 | 14.17 | -- | 0.76 |
| 2010 | 37.95 | 36.9100 | 41.85 | 57.4600 | 8.37 | -- | 1.13 |
| 2011 | 34.61 | 33.6700 | 26.81 | 31.9400 | 8.09 | -- | 0.80 |
| 2012 | 32.27 | 29.8400 | 16.68 | 24.4400 | 5.40 | -- | 0.56 |
| 2013 | 27.69 | 25.1000 | 11.32 | 20.9700 | 2.10 | -- | 0.45 |
| 2014 | 25.76 | 20.3100 | 8.78 | 16.5600 | 2.40 | -- | 0.43 |
| 2015 | 20.47 | 12.1000 | 5.01 | 10.4200 | 2.87 | -- | 0.41 |
| 2016 | 23.12 | 15.6900 | 6.85 | 15.2900 | 2.75 | -- | 0.43 |
| 2017 | 16.72 | 6.8900 | 4.48 | 9.9600 | 5.23 | -- | 0.62 |
| 2018 | 17.07 | 8.7700 | 4.72 | 9.0200 | 3.78 | -- | 0.51 |
| 2019 | 19.56 | 9.8100 | 4.88 | 9.6500 | 3.10 | -- | 0.47 |
| 2020 | 22.47 | 14.1500 | 7.00 | 14.7400 | 3.39 | -- | 0.47 |
| 2021 | 26.60 | 19.6500 | 11.97 | 19.7700 | 3.70 | -- | 0.61 |
| 2022 | 13.85 | 9.1900 | 6.79 | 10.3000 | 3.04 | -- | 0.71 |
| 2023 | 15.68 | 11.0000 | 7.93 | 12.4200 | 3.32 | -- | 0.67 |
| 2024 | 27.00 | 19.8800 | 14.31 | 20.7500 | 3.05 | -- | 0.68 |
| 2025 | 25.56 | -- | -- | -- | 3.30 | -- | -- |
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 |
| 2007 | 77.01 | 22.99 | 0.57 | 0.46 |
| 2008 | 76.87 | 23.13 | 0.55 | 0.46 |
| 2009 | 72.36 | 27.64 | 0.67 | 0.61 |
| 2010 | 45.28 | 54.72 | 2.36 | 1.82 |
| 2011 | 37.99 | 62.01 | 1.51 | 1.24 |
| 2012 | 49.66 | 50.34 | 1.23 | 0.97 |
| 2013 | 58.76 | 41.24 | 1.02 | 0.55 |
| 2014 | 61.12 | 38.88 | 0.89 | 0.49 |
| 2015 | 65.93 | 34.07 | 0.78 | 0.49 |
| 2016 | 67.94 | 32.06 | 0.98 | 0.64 |
| 2017 | 66.14 | 33.86 | 1.19 | 0.91 |
| 2018 | 64.57 | 35.43 | 1.56 | 1.21 |
| 2019 | 63.24 | 36.76 | 1.43 | 1.09 |
| 2020 | 57.69 | 42.31 | 1.33 | 1.06 |
| 2021 | 50.94 | 49.06 | 1.64 | 1.28 |
| 2022 | 48.15 | 51.85 | 1.23 | 0.70 |
| 2023 | 46.96 | 53.04 | 1.18 | 0.72 |
| 2024 | 48.24 | 51.76 | 1.43 | 0.94 |
| 2025 | -- | -- | -- | -- |
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) |
| 2007 | 3117879000.0000 | -- | 42070000.0000 | 55970000.0000 |
| 2008 | 8238706000.0000 | -- | 83734000.0000 | 193018000.0000 |
| 2009 | 7769098000.0000 | -- | 92335000.0000 | 89243000.0000 |
| 2010 | 9389722000.0000 | -- | 112038000.0000 | 192990000.0000 |
| 2011 | 15449645000.0000 | -- | 167033000.0000 | 300819000.0000 |
| 2012 | 16801294000.0000 | -- | 306068000.0000 | 642731000.0000 |
| 2013 | 21261660000.0000 | -- | 440171000.0000 | 1359200000.0000 |
| 2014 | 26789332000.0000 | -- | 610884000.0000 | 1905377000.0000 |
| 2015 | 35081530000.0000 | -- | 878696000.0000 | 3217096000.0000 |
| 2016 | 47199245000.0000 | -- | 2080550000.0000 | 3345896000.0000 |
| 2017 | 81561674000.0000 | -- | 2083209000.0000 | 4080942000.0000 |
| 2018 | 74794362000.0000 | -- | 3867211000.0000 | 4433389000.0000 |
| 2019 | 67715035000.0000 | -- | 3645691000.0000 | 5219595000.0000 |
| 2020 | 66789453000.0000 | -- | 4052174000.0000 | 4506236000.0000 |
| 2021 | 84037845000.0000 | -- | 5708346000.0000 | 3625974000.0000 |
| 2022 | 113460127000.0000 | -- | 5933759000.0000 | 3019544000.0000 |
| 2023 | 112669035000.0000 | -- | 4952875000.0000 | 3267938000.0000 |
| 2024 | 114006028000.0000 | -- | 4992949000.0000 | 3363259000.0000 |
| 2025 | 120848476000.0000 | -- | 4274597000.0000 | 3483268000.0000 |