中商官网
研究报告
红星美凯龙（HK1528）
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) |
| 2012 | 5253733000.0000 | 3801473000.0000 | 3095249000.0000 | 1907090000.0000 | 61058843000.0000 | 27874674000.0000 | 33184169000.0000 |
| 2013 | 6360703000.0000 | 4571132000.0000 | 4468879000.0000 | 3013182000.0000 | 66860415000.0000 | 32381826000.0000 | 34478589000.0000 |
| 2014 | 7935131000.0000 | 5881061000.0000 | 5350171000.0000 | 3632917000.0000 | 71917892000.0000 | 34504799000.0000 | 37413093000.0000 |
| 2015 | 8756120000.0000 | 6514139000.0000 | 5942357000.0000 | 4098068000.0000 | 83189573000.0000 | 37921369000.0000 | 45268204000.0000 |
| 2016 | 9436081755.2900 | 6823314243.6200 | 4801517700.8700 | 3397183234.3200 | 81535404103.1200 | 41614630963.8800 | 39920773139.2400 |
| 2017 | 10959512669.7700 | 7796319153.3900 | 5986036595.5200 | 4077897749.4600 | 97014624091.3100 | 53082650707.2000 | 43931973384.1100 |
| 2018 | 13852422526.2100 | 9038722705.1400 | 6019319731.4100 | 4477411242.4600 | 110860717818.5600 | 65564892138.3400 | 45295825680.2200 |
| 2019 | 16040197187.1600 | 10304586175.6600 | 6203078019.5500 | 4479681652.6100 | 122294418558.6600 | 73309568163.9300 | 48984850394.7300 |
| 2020 | 13859045316.7100 | 8378875291.8500 | 2814148451.5800 | 1730581791.5600 | 131547918635.4900 | 80450075839.8600 | 51097842795.6300 |
| 2021 | 15512792000.0000 | 10160616000.0000 | 2684240000.0000 | 1963619000.0000 | 136611075000.0000 | 78031577000.0000 | 58579498000.0000 |
| 2022 | 14138320000.0000 | 8844699000.0000 | 1597653000.0000 | 678566000.0000 | 129482459000.0000 | 71479743000.0000 | 58002716000.0000 |
| 2023 | 11514983000.0000 | 7033253000.0000 | -2539604000.0000 | -2412713000.0000 | 124186609000.0000 | 69043474000.0000 | 55143135000.0000 |
| 2024 | 7821266000.0000 | 4987001000.0000 | -4319589000.0000 | -3492042000.0000 | 118635369000.0000 | 67330818000.0000 | 51304551000.0000 |
| 2025 | 6581941000.0000 | 4229676000.0000 | -28532777000.0000 | -24093718000.0000 | 89127081000.0000 | 63827199000.0000 | 25299882000.0000 |
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) |
| 2012 | 72.36 | 58.3200 | 5.07 | 6.5300 | 137.37 | -- | 0.09 |
| 2013 | 71.87 | 69.7600 | 6.68 | 9.8400 | 31.28 | -- | 0.10 |
| 2014 | 74.11 | 67.2000 | 7.44 | 10.8600 | 53.36 | -- | 0.11 |
| 2015 | 74.40 | 66.5700 | 7.14 | 9.9600 | 138.62 | -- | 0.11 |
| 2016 | 72.31 | 49.7900 | 5.89 | 9.2900 | 57.52 | -- | 0.12 |
| 2017 | 71.14 | 53.9800 | 6.17 | 10.0900 | 26.30 | -- | 0.11 |
| 2018 | 65.25 | 44.2600 | 5.43 | 10.7300 | 19.15 | -- | 0.12 |
| 2019 | 64.24 | 38.6400 | 5.07 | 9.8000 | 17.33 | -- | 0.13 |
| 2020 | 60.46 | 21.2600 | 2.14 | 3.6400 | 16.69 | -- | 0.11 |
| 2021 | 65.50 | 17.0100 | 1.96 | 3.5700 | 16.26 | -- | 0.11 |
| 2022 | 62.56 | 11.4900 | 1.23 | 1.2500 | 17.48 | -- | 0.11 |
| 2023 | 61.08 | -22.7300 | -2.04 | -4.6500 | 28.10 | -- | 0.09 |
| 2024 | 63.76 | -55.3300 | -3.64 | -7.2500 | 53.41 | -- | 0.07 |
| 2025 | 64.26 | -429.0600 | -32.01 | -100.9700 | 90.73 | -- | 0.07 |
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 |
| 2012 | 45.65 | 54.35 | 0.84 | 0.84 |
| 2013 | 48.43 | 51.57 | 0.53 | 0.53 |
| 2014 | 47.98 | 52.02 | 0.49 | 0.49 |
| 2015 | 45.58 | 54.42 | 0.74 | 0.74 |
| 2016 | 51.04 | 48.96 | 0.65 | 0.65 |
| 2017 | 54.72 | 45.28 | 0.64 | 0.64 |
| 2018 | 59.14 | 40.86 | 0.62 | 0.61 |
| 2019 | 59.95 | 40.05 | 0.50 | 0.49 |
| 2020 | 61.16 | 38.84 | 0.48 | 0.47 |
| 2021 | 57.12 | 42.88 | 0.46 | 0.45 |
| 2022 | 55.20 | 44.80 | 0.44 | 0.43 |
| 2023 | 55.60 | 44.40 | 0.35 | 0.34 |
| 2024 | 56.75 | 43.25 | 0.29 | 0.29 |
| 2025 | 71.61 | 28.39 | 0.20 | 0.20 |
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) |
| 2012 | 1452260000.0000 | -- | 654155000.0000 | 554396000.0000 |
| 2013 | 1789571000.0000 | -- | 771274000.0000 | 631358000.0000 |
| 2014 | 2054070000.0000 | -- | 922573000.0000 | 856162000.0000 |
| 2015 | 2241981000.0000 | -- | 882418000.0000 | 854285000.0000 |
| 2016 | 2612767511.6700 | -- | 935078887.4600 | 877707890.3800 |
| 2017 | 3163193516.3800 | -- | 1361788199.0400 | 1131840043.6500 |
| 2018 | 4813699821.0700 | -- | 1534127280.3100 | 1533151372.3500 |
| 2019 | 5735611011.5000 | -- | 1790073128.0900 | 2260079805.4000 |
| 2020 | 5480170024.8600 | -- | 1716892211.7100 | 2464418667.6800 |
| 2021 | 5352176000.0000 | -- | 2549934000.0000 | 2694541000.0000 |
| 2022 | 5293621000.0000 | -- | 1908164000.0000 | 2503313000.0000 |
| 2023 | 4481730000.0000 | -- | 1782139000.0000 | 2654625000.0000 |
| 2024 | 2834265000.0000 | -- | 1465081000.0000 | 2531193000.0000 |
| 2025 | 2352265000.0000 | -- | 1301638000.0000 | 2160297000.0000 |