中商官网
研究报告
小米集团-W（HK1810）
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 （%) |
| 2025-03 | 111293337000.0000 | 47.40 | 25405910000.0000 | 50.96 | 13167968000.0000 | 152.15 | 10924321000.0000 | 161.22 |
| 2024-06 | 164394650000.0000 | 29.62 | 35223894000.0000 | 36.78 | 11901763000.0000 | 14.15 | 9280063000.0000 | 17.86 |
| 2024-09 | 256901191000.0000 | 29.93 | 54105304000.0000 | 29.25 | 18718963000.0000 | 14.74 | 14632467000.0000 | 14.79 |
| 2024-12 | 365906350000.0000 | 35.04 | 76560194000.0000 | 33.20 | 28126653000.0000 | 27.78 | 23658126000.0000 | 35.38 |
| 2023-12 | 270970141000.0000 | -3.24 | 57476239000.0000 | 20.81 | 22011047000.0000 | 459.51 | 17475173000.0000 | 606.34 |
| 2024-03 | 75506822000.0000 | 26.95 | 16829717000.0000 | 45.19 | 5222378000.0000 | -4.54 | 4182061000.0000 | -0.52 |
| 2023-03 | 59477134000.0000 | -18.91 | 11591567000.0000 | -8.80 | 5470713000.0000 | -1415.30 | 4203839000.0000 | -815.43 |
| 2023-09 | 197726454000.0000 | -7.60 | 41862294000.0000 | 15.64 | 16313594000.0000 | 12428.29 | 12747675000.0000 | -1982.27 |
| 2023-06 | 126832042000.0000 | -11.63 | 25752583000.0000 | 5.21 | 10426394000.0000 | 689.33 | 7873814000.0000 | 885.71 |
| 2022-09 | 213996648000.0000 | -11.84 | 36199690000.0000 | -16.98 | 130214000.0000 | -99.37 | -677250000.0000 | -104.02 |
| 2022-06 | 143522379000.0000 | -12.84 | 24477781000.0000 | -16.48 | 1320909000.0000 | -92.95 | 798800000.0000 | -95.03 |
| 2022-12 | 280044016000.0000 | -14.70 | 47577190000.0000 | -18.34 | 3933956000.0000 | -83.89 | 2474030000.0000 | -87.21 |
| 2021-12 | 328309145000.0000 | 33.53 | 58260941000.0000 | 58.53 | 24417033000.0000 | 12.87 | 19339321000.0000 | -4.99 |
| 2021-09 | 242733978000.0000 | 38.39 | 43601494000.0000 | 71.49 | 20532535000.0000 | 60.75 | 16853622000.0000 | 46.02 |
| 2022-03 | 73351502000.0000 | -4.59 | 12709746000.0000 | -10.25 | -415930000.0000 | -104.59 | -587600000.0000 | -107.54 |
| 2021-06 | 164671123000.0000 | 59.50 | 29309273000.0000 | 92.07 | 18745422000.0000 | 156.02 | 16061366000.0000 | 141.10 |
| 2020-12 | 245865633000.0000 | 19.45 | 36751862000.0000 | 28.71 | 21633432000.0000 | 77.87 | 20355504000.0000 | 102.66 |
| 2021-03 | 76882163000.0000 | 54.69 | 14161231000.0000 | 87.36 | 9066880000.0000 | 269.46 | 7792889000.0000 | 260.20 |
| 2020-06 | 103239972000.0000 | 7.87 | 15259903000.0000 | 22.33 | 7321885000.0000 | 19.03 | 6661643000.0000 | 31.19 |
| 2020-09 | 175402749000.0000 | 17.43 | 25425559000.0000 | 22.77 | 12772566000.0000 | 35.21 | 11542239000.0000 | 51.81 |
| 2019-12 | 205838682000.0000 | 17.68 | 28554033000.0000 | 28.67 | 12162646000.0000 | -12.67 | 10044164000.0000 | -25.89 |
| 2019-09 | 149368958000.0000 | 14.46 | 20710730000.0000 | 25.29 | 9446306000.0000 | -10.74 | 7602978000.0000 | -25.06 |
| 2020-03 | 49702167000.0000 | 13.59 | 7558457000.0000 | 44.92 | 2454089000.0000 | -33.98 | 2163515000.0000 | -30.79 |
| 2019-03 | 43756823000.0000 | 27.15 | 5215577000.0000 | 21.25 | 3717140000.0000 | -155.57 | 3125959000.0000 | -144.62 |
| 2019-06 | 95707952000.0000 | 20.16 | 12474296000.0000 | 25.33 | 6151458000.0000 | -25.16 | 5077915000.0000 | -33.59 |
| 2018-06 | 79647835000.0000 | 75.39 | 9953239000.0000 | 57.69 | 8219377000.0000 | -143.58 | 7646195000.0000 | -138.60 |
| 2018-12 | 174915425000.0000 | 52.60 | 22191939000.0000 | 46.44 | 13927124000.0000 | -133.30 | 13553886000.0000 | -130.93 |
| 2018-09 | 130494049000.0000 | 64.12 | 16530797000.0000 | 43.57 | 10582984000.0000 | -136.33 | 10144983000.0000 | -132.94 |
| 2017-12 | 114624742000.0000 | 67.50 | 15154205000.0000 | 109.04 | -41829352000.0000 | -3658.40 | -43826016000.0000 | -8021.56 |
| 2017-09 | 79510682000.0000 | -- | 11513782000.0000 | -- | -29126169000.0000 | -- | -30796250000.0000 | -- |
| 2018-03 | 34412362000.0000 | 85.69 | 4301427000.0000 | 74.56 | -6689052000.0000 | -11.07 | -7005123000.0000 | -10.72 |
| 2017-06 | 45410802000.0000 | -- | 6311749000.0000 | -- | -18862490000.0000 | -- | -19806442000.0000 | -- |
| 2017-03 | 18531793000.0000 | -- | 2464118000.0000 | -- | -7522103000.0000 | -- | -7845891000.0000 | -- |
| 2016-12 | 68434161000.0000 | 2.43 | 7249355000.0000 | 168.50 | 1175509000.0000 | -115.73 | 553250000.0000 | -107.30 |
| 2015-12 | 66811258000.0000 | -- | 2699933000.0000 | -- | -7472511000.0000 | -- | -7581295000.0000 | -- |
| 2025-06 | 227249428000.0000 | 38.23 | 51506868000.0000 | 46.23 | 27570751000.0000 | 131.65 | -- | -100.00 |
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) |
| 2025-03 | 22.83 | 11.7700 | 2.93 | 4.5600 | 1.40 | -- | 0.25 |
| 2024-06 | 21.43 | 7.2400 | 3.48 | 5.3800 | 2.51 | -- | 0.48 |
| 2024-09 | 21.06 | 7.1800 | 5.33 | 8.2600 | 4.11 | -- | 0.73 |
| 2024-12 | 20.92 | 7.6100 | 6.98 | 12.5300 | 4.63 | -- | 0.91 |
| 2023-12 | 21.21 | 8.1100 | 6.79 | 10.6600 | 4.81 | -- | 0.84 |
| 2024-03 | 22.29 | 6.7100 | 1.60 | 2.5000 | 1.13 | -- | 0.23 |
| 2023-03 | 19.49 | 9.4200 | 2.07 | 2.8400 | 1.12 | -- | 0.23 |
| 2023-09 | 21.17 | 8.2700 | 5.41 | 7.9800 | 4.23 | -- | 0.66 |
| 2023-06 | 20.30 | 8.2200 | 3.58 | 5.0900 | 2.63 | -- | 0.44 |
| 2022-09 | 16.92 | 0.2500 | 0.05 | -0.4800 | 3.35 | -- | 0.77 |
| 2022-06 | 17.06 | 0.9200 | 0.45 | 0.5700 | 2.06 | -- | 0.49 |
| 2022-12 | 16.99 | 1.5500 | 1.44 | 1.7200 | 4.61 | -- | 1.02 |
| 2021-12 | 17.75 | 7.3500 | 8.34 | 14.0900 | 5.15 | -- | 1.12 |
| 2021-09 | 17.96 | 8.4600 | 7.12 | 12.4400 | 3.42 | -- | 0.84 |
| 2022-03 | 17.33 | -0.2900 | -0.14 | -0.4300 | 1.08 | -- | 0.25 |
| 2021-06 | 17.80 | 11.3800 | 6.32 | 11.8300 | 2.38 | -- | 0.56 |
| 2020-12 | 14.95 | 8.2400 | 8.53 | 16.4600 | 5.02 | -- | 0.97 |
| 2021-03 | 18.42 | 11.7800 | 3.27 | 5.9100 | 1.27 | -- | 0.28 |
| 2020-06 | 14.78 | 7.0900 | 3.69 | 7.4200 | 2.26 | -- | 0.52 |
| 2020-09 | 14.50 | 7.2800 | 6.04 | 12.2500 | 4.29 | -- | 0.83 |
| 2019-12 | 13.87 | 6.2400 | 6.62 | 12.3500 | 5.44 | -- | 1.12 |
| 2019-09 | 13.87 | 6.3200 | 5.62 | 9.5100 | 4.90 | -- | 0.89 |
| 2020-03 | 15.21 | 4.6700 | 1.40 | 2.5600 | 1.24 | -- | 0.28 |
| 2019-03 | 11.92 | 8.8300 | 2.69 | 4.2000 | 1.48 | -- | 0.32 |
| 2019-06 | 13.03 | 6.4300 | 3.89 | 6.6200 | 3.12 | -- | 0.60 |
| 2018-06 | 12.50 | 10.4600 | 7.27 | -6.9200 | 3.21 | -- | 0.70 |
| 2018-12 | 12.69 | 8.3100 | 9.59 | 19.0000 | 5.18 | -- | 1.20 |
| 2018-09 | 12.67 | 8.3400 | 7.18 | 15.0900 | 4.29 | -- | 0.89 |
| 2017-12 | 13.22 | -36.2900 | -46.54 | 34.4300 | 6.09 | -- | 1.28 |
| 2017-09 | 14.48 | -36.3600 | -- | -- | -- | -- | -- |
| 2018-03 | 12.50 | -19.4900 | -7.26 | 5.4700 | 1.99 | -- | 0.37 |
| 2017-06 | 13.90 | -41.2000 | -- | -- | -- | -- | -- |
| 2017-03 | 13.30 | -40.2300 | -- | -- | -- | -- | -- |
| 2016-12 | 10.59 | 1.9400 | 2.32 | -0.6000 | 7.30 | -- | 1.35 |
| 2015-12 | 4.04 | -11.0500 | -19.09 | 8.7400 | 7.42 | -- | 1.71 |
| 2025-06 | 22.67 | -- | -- | -- | 2.67 | -- | -- |
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 |
| 2025-03 | 46.70 | 53.30 | 1.50 | 1.14 |
| 2024-06 | 49.38 | 50.62 | 1.61 | 1.20 |
| 2024-09 | 49.33 | 50.67 | 1.58 | 1.19 |
| 2024-12 | 53.07 | 46.93 | 1.29 | 0.93 |
| 2023-12 | 49.34 | 50.66 | 1.72 | 1.34 |
| 2024-03 | 48.74 | 51.26 | 1.76 | 1.30 |
| 2023-03 | 43.84 | 56.16 | 2.00 | 1.44 |
| 2023-09 | 46.95 | 53.05 | 1.81 | 1.44 |
| 2023-06 | 46.82 | 53.18 | 1.83 | 1.43 |
| 2022-09 | 49.02 | 50.98 | 1.76 | 1.19 |
| 2022-06 | 51.95 | 48.05 | 1.67 | 1.14 |
| 2022-12 | 47.38 | 52.62 | 1.79 | 1.23 |
| 2021-12 | 53.08 | 46.92 | 1.61 | 1.15 |
| 2021-09 | 52.92 | 47.08 | 1.65 | 1.14 |
| 2022-03 | 52.88 | 47.12 | 1.62 | 1.12 |
| 2021-06 | 54.11 | 45.89 | 1.53 | 1.10 |
| 2020-12 | 51.11 | 48.89 | 1.63 | 1.25 |
| 2021-03 | 52.27 | 47.73 | 1.59 | 1.17 |
| 2020-06 | 54.58 | 45.42 | 1.53 | 1.11 |
| 2020-09 | 55.31 | 44.69 | 1.51 | 1.15 |
| 2019-12 | 55.53 | 44.47 | 1.49 | 1.14 |
| 2019-09 | 52.38 | 47.62 | 1.60 | 1.26 |
| 2020-03 | 51.69 | 48.31 | 1.55 | 1.13 |
| 2019-03 | 46.10 | 53.90 | 1.90 | 1.38 |
| 2019-06 | 51.44 | 48.56 | 1.67 | 1.29 |
| 2018-06 | 197.58 | -97.58 | 1.25 | 0.91 |
| 2018-12 | 50.94 | 49.06 | 1.71 | 1.24 |
| 2018-09 | 54.43 | 45.57 | 1.60 | 1.23 |
| 2017-12 | 241.55 | -141.55 | 1.30 | 0.95 |
| 2017-09 | -- | -- | -- | -- |
| 2018-03 | 238.98 | -138.98 | 1.35 | 1.01 |
| 2017-06 | -- | -- | -- | -- |
| 2017-03 | -- | -- | -- | -- |
| 2016-12 | 281.34 | -181.34 | 1.18 | 0.85 |
| 2015-12 | 321.37 | -221.37 | 1.52 | 0.99 |
| 2025-06 | -- | -- | -- | -- |
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) |
| 2025/3/31 0:00:00 | 85887427000.0000 | -- | 8241802000.0000 | -42561000.0000 |
| 2024/6/30 0:00:00 | 129170756000.0000 | -- | 13362647000.0000 | -2330004000.0000 |
| 2024/9/30 0:00:00 | 202795887000.0000 | -- | 20734847000.0000 | -3105904000.0000 |
| 2024/12/31 0:00:00 | 289346156000.0000 | -- | 29651732000.0000 | -3623757000.0000 |
| 2023/12/31 0:00:00 | 213493902000.0000 | -- | 24224497000.0000 | -2002377000.0000 |
| 2024/3/31 0:00:00 | 58677105000.0000 | -- | 6682394000.0000 | -1539340000.0000 |
| 2023/3/31 0:00:00 | 47885567000.0000 | -- | 5248533000.0000 | 429496000.0000 |
| 2023/9/30 0:00:00 | 155864160000.0000 | -- | 17278037000.0000 | -1361646000.0000 |
| 2023/6/30 0:00:00 | 101079459000.0000 | -- | 10946526000.0000 | -485659000.0000 |
| 2022/9/30 0:00:00 | 177796958000.0000 | -- | 15143072000.0000 | -669460000.0000 |
| 2022/6/30 0:00:00 | 119044598000.0000 | -- | 9817890000.0000 | -499144000.0000 |
| 2022/12/31 0:00:00 | 232466826000.0000 | -- | 21142009000.0000 | -1117458000.0000 |
| 2021/12/31 0:00:00 | 270048204000.0000 | -- | 17906007000.0000 | 1611631000.0000 |
| 2021/9/30 0:00:00 | 199132484000.0000 | -- | 12726453000.0000 | 1080565000.0000 |
| 2022/3/31 0:00:00 | 60641756000.0000 | -- | 4739112000.0000 | -495333000.0000 |
| 2021/6/30 0:00:00 | 135361850000.0000 | -- | 8214155000.0000 | 137997000.0000 |
| 2020/12/31 0:00:00 | 209113771000.0000 | -- | 13002588000.0000 | 2401297000.0000 |
| 2021/3/31 0:00:00 | 62720932000.0000 | -- | 3999643000.0000 | -909217000.0000 |
| 2020/6/30 0:00:00 | 87980069000.0000 | -- | 5447215000.0000 | 414330000.0000 |
| 2020/9/30 0:00:00 | 149977190000.0000 | -- | 8621194000.0000 | 1660268000.0000 |
| 2019/12/31 0:00:00 | 177284649000.0000 | -- | 10596455000.0000 | -402429000.0000 |
| 2019/9/30 0:00:00 | 128658228000.0000 | -- | 7439134000.0000 | -383243000.0000 |
| 2020/3/31 0:00:00 | 42143710000.0000 | -- | 2652517000.0000 | -130901000.0000 |
| 2019/3/31 0:00:00 | 38541246000.0000 | -- | 2282601000.0000 | -102964000.0000 |
| 2019/6/30 0:00:00 | 83233656000.0000 | -- | 4562259000.0000 | -201175000.0000 |
| 2018/6/30 0:00:00 | 69694596000.0000 | -- | 13389633000.0000 | 14496000.0000 |
| 2018/12/31 0:00:00 | 152723486000.0000 | -- | 17875904000.0000 | -216373000.0000 |
| 2018/9/30 0:00:00 | 113963252000.0000 | -- | 15507324000.0000 | -85554000.0000 |
| 2017/12/31 0:00:00 | 99470537000.0000 | -- | 4367511000.0000 | -26784000.0000 |
| 2017/9/30 0:00:00 | 67996900000.0000 | -- | 2882775000.0000 | -10588000.0000 |
| 2018/3/31 0:00:00 | 30110935000.0000 | -- | 1569098000.0000 | -17834000.0000 |
| 2017/6/30 0:00:00 | 39099053000.0000 | -- | 1781048000.0000 | 7641000.0000 |
| 2017/3/31 0:00:00 | 16067675000.0000 | -- | 844898000.0000 | 12121000.0000 |
| 2016/12/31 0:00:00 | 61184806000.0000 | -- | 3031059000.0000 | 86246000.0000 |
| 2015/12/31 0:00:00 | 64111325000.0000 | -- | 2278067000.0000 | 85867000.0000 |
| 2025/6/30 0:00:00 | 175742560000.0000 | -- | 17632323000.0000 | -1008625000.0000 |