中商官网
研究报告
周大福（HK1929）
主要经济指标
| 类别\年份 | 营业额 （港元) |
营业额同比 （%) |
营业利润 （港元) |
营业利润同比 （%) |
利润总额 （港元) |
利润总额同比 （%) |
净利润 （港元) |
净利润同比 （%) |
| 2024-09 | 39407700000.0000 | -20.43 | 12378000000.0000 | 0.55 | 3373700000.0000 | -44.45 | 2530400000.0000 | -44.40 |
| 2023-09 | 49526300000.0000 | 6.43 | 12310700000.0000 | 12.30 | 6073700000.0000 | 34.42 | 4551100000.0000 | 36.44 |
| 2023-03 | 94684400000.0000 | -4.30 | 21171500000.0000 | -5.23 | 7446500000.0000 | -17.10 | 5384400000.0000 | -19.78 |
| 2024-03 | 108713000000.0000 | 14.82 | 22285000000.0000 | 5.26 | 8728300000.0000 | 17.21 | 6499300000.0000 | 20.71 |
| 2022-09 | 46535400000.0000 | 5.32 | 10962000000.0000 | 1.55 | 4518500000.0000 | -6.05 | 3335500000.0000 | -6.85 |
| 2022-03 | 98937700000.0000 | 41.01 | 22339700000.0000 | 11.28 | 8983000000.0000 | 7.01 | 6712300000.0000 | 11.38 |
| 2020-09 | 24673400000.0000 | -16.46 | 8142600000.0000 | -0.05 | 3283800000.0000 | 49.28 | 2232000000.0000 | 45.63 |
| 2021-09 | 44186000000.0000 | 79.08 | 10794200000.0000 | 32.56 | 4809300000.0000 | 46.46 | 3580600000.0000 | 60.42 |
| 2021-03 | 70163800000.0000 | 23.63 | 20074700000.0000 | 24.72 | 8394600000.0000 | 99.66 | 6026400000.0000 | 107.74 |
| 2019-03 | 66660900000.0000 | 12.69 | 18601800000.0000 | 14.73 | 6352000000.0000 | 8.92 | 4576800000.0000 | 11.77 |
| 2020-03 | 56750800000.0000 | -14.87 | 16096200000.0000 | -13.47 | 4204500000.0000 | -33.81 | 2901000000.0000 | -36.62 |
| 2019-09 | 29533200000.0000 | -0.57 | 8146500000.0000 | -4.48 | 2199700000.0000 | -19.19 | 1532600000.0000 | -20.85 |
| 2017-09 | 24754300000.0000 | 15.00 | 7165700000.0000 | 4.95 | 2503900000.0000 | 33.98 | 1779100000.0000 | 45.61 |
| 2018-03 | 59156400000.0000 | 15.44 | 16213400000.0000 | 8.36 | 5831900000.0000 | 33.20 | 4094900000.0000 | 34.03 |
| 2018-09 | 29702900000.0000 | 19.99 | 8528500000.0000 | 19.02 | 2721900000.0000 | 8.71 | 1936300000.0000 | 8.84 |
| 2016-09 | 21526100000.0000 | -23.46 | 6828000000.0000 | -13.09 | 1868900000.0000 | -7.68 | 1221800000.0000 | -21.55 |
| 2017-03 | 51245500000.0000 | -9.45 | 14962700000.0000 | -4.34 | 4378400000.0000 | 11.24 | 3055300000.0000 | 3.87 |
| 2015-09 | 28123600000.0000 | -4.08 | 7856800000.0000 | -15.77 | 2024400000.0000 | -41.16 | 1557400000.0000 | -42.16 |
| 2015-03 | 64277000000.0000 | -16.96 | 19072400000.0000 | -9.83 | 6659100000.0000 | -27.33 | 5456000000.0000 | -24.97 |
| 2016-03 | 56591500000.0000 | -11.96 | 15641400000.0000 | -17.99 | 3936100000.0000 | -40.89 | 2941400000.0000 | -46.09 |
| 2013-09 | 37768100000.0000 | 48.48 | 9978400000.0000 | 48.80 | 4530400000.0000 | 81.48 | 3509100000.0000 | 92.31 |
| 2014-03 | 77407100000.0000 | 34.78 | 21152300000.0000 | 29.90 | 9163000000.0000 | 29.15 | 7272000000.0000 | 32.09 |
| 2014-09 | 29319500000.0000 | -22.37 | 9327900000.0000 | -6.52 | 3440700000.0000 | -24.05 | 2692800000.0000 | -23.26 |
| 2012-09 | 25436000000.0000 | 6.54 | 6705700000.0000 | -6.09 | 2496300000.0000 | -31.00 | 1824700000.0000 | -32.21 |
| 2013-03 | 57433900000.0000 | 1.53 | 16283100000.0000 | -1.00 | 7095000000.0000 | -13.11 | 5505300000.0000 | -13.17 |
| 2012-03 | 56571100000.0000 | 61.44 | 16447900000.0000 | 65.68 | 8165900000.0000 | 76.76 | 6340600000.0000 | 79.23 |
| 2011-09 | 23874500000.0000 | 79.31 | 7140900000.0000 | 92.93 | 3618000000.0000 | 131.63 | 2691500000.0000 | 128.97 |
| 2011-03 | 35042500000.0000 | 52.80 | 9927600000.0000 | 51.45 | 4619800000.0000 | 69.93 | 3537600000.0000 | 65.42 |
| 2009-03 | 18410900000.0000 | -- | 5326000000.0000 | -- | 2223500000.0000 | -- | 1896700000.0000 | -- |
| 2010-03 | 22933600000.0000 | 24.57 | 6555000000.0000 | 23.08 | 2718600000.0000 | 22.27 | 2138600000.0000 | 12.75 |
| 2010-09 | 13315000000.0000 | -- | 3701200000.0000 | -- | 1562000000.0000 | -- | 1175500000.0000 | -- |
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) |
| 2024-09 | 31.41 | 8.5800 | 3.88 | 9.9800 | 0.40 | -- | 0.45 |
| 2023-09 | 24.86 | 12.2800 | 7.14 | 17.3600 | 0.59 | -- | 0.58 |
| 2023-03 | 22.36 | 7.8600 | 8.53 | 16.6200 | 1.24 | -- | 1.08 |
| 2024-03 | 20.50 | 8.0500 | 9.83 | 25.2700 | 1.34 | -- | 1.22 |
| 2022-09 | 23.56 | 9.7000 | 4.96 | 10.5100 | 0.57 | -- | 0.51 |
| 2022-03 | 22.58 | 9.0700 | 10.24 | 19.9700 | 1.34 | -- | 1.13 |
| 2020-09 | 33.00 | 13.3000 | 4.95 | 7.9800 | 0.38 | -- | 0.37 |
| 2021-09 | 24.43 | 10.8800 | 6.07 | 11.1300 | 0.60 | -- | 0.56 |
| 2021-03 | 28.61 | 11.9600 | 13.05 | 19.5900 | 1.16 | -- | 1.09 |
| 2019-03 | 27.91 | 9.5300 | 10.21 | 14.8800 | 1.22 | -- | 1.07 |
| 2020-03 | 28.36 | 7.4000 | 6.44 | 11.0100 | 0.96 | -- | 0.87 |
| 2019-09 | 27.58 | 7.4400 | 3.42 | 5.8100 | 0.50 | -- | 0.46 |
| 2017-09 | 28.95 | 10.1200 | 4.53 | 5.6800 | 0.49 | -- | 0.45 |
| 2018-03 | 27.41 | 9.8600 | 10.13 | 12.2500 | 1.23 | -- | 1.03 |
| 2018-09 | 28.71 | 9.1600 | 4.70 | 6.6300 | 0.55 | -- | 0.51 |
| 2016-09 | 31.72 | 8.7000 | 3.51 | 3.7600 | 0.45 | -- | 0.40 |
| 2017-03 | 29.20 | 8.5600 | 8.86 | 9.6100 | 1.24 | -- | 1.04 |
| 2015-09 | 27.94 | 7.2000 | 3.39 | 4.0100 | 0.54 | -- | 0.47 |
| 2015-03 | 29.67 | 10.3800 | 10.89 | 13.8400 | 1.14 | -- | 1.05 |
| 2016-03 | 27.64 | 6.9600 | 7.07 | 8.4300 | 1.31 | -- | 1.02 |
| 2013-09 | 26.42 | 12.0000 | 8.50 | 10.0000 | 0.78 | -- | 0.71 |
| 2014-03 | 27.33 | 11.8400 | 14.82 | 19.5600 | 1.32 | -- | 1.25 |
| 2014-09 | 31.81 | 11.7500 | 5.81 | 7.0900 | 0.51 | -- | 0.50 |
| 2012-09 | 26.36 | 9.8100 | 5.57 | 6.1400 | 0.59 | -- | 0.57 |
| 2013-03 | 28.35 | 12.3500 | 16.42 | 16.7200 | 1.51 | -- | 1.33 |
| 2012-03 | 29.07 | 14.4300 | 17.22 | 21.8800 | 1.35 | -- | 1.19 |
| 2011-09 | 29.91 | 15.1500 | 9.48 | 24.6300 | 0.58 | -- | 0.63 |
| 2011-03 | 28.33 | 13.2000 | 15.90 | 31.2900 | 1.47 | -- | 1.21 |
| 2009-03 | 28.93 | 12.0700 | 15.43 | 29.9000 | 1.62 | -- | 1.28 |
| 2010-03 | 28.58 | 11.8200 | 15.98 | 26.2200 | 1.77 | -- | 1.35 |
| 2010-09 | 27.80 | 11.7300 | -- | -- | -- | -- | -- |
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 | 69.63 | 30.37 | 1.33 | 0.17 |
| 2023-09 | 68.03 | 31.97 | 1.39 | 0.23 |
| 2023-03 | 61.80 | 38.20 | 1.51 | 0.35 |
| 2024-03 | 69.89 | 30.11 | 1.38 | 0.25 |
| 2022-09 | 64.22 | 35.78 | 1.51 | 0.36 |
| 2022-03 | 60.62 | 39.38 | 1.57 | 0.42 |
| 2020-09 | 56.83 | 43.17 | 1.70 | 0.40 |
| 2021-09 | 58.36 | 41.64 | 1.62 | 0.34 |
| 2021-03 | 50.91 | 49.09 | 1.90 | 0.42 |
| 2019-03 | 49.54 | 50.46 | 1.96 | 0.52 |
| 2020-03 | 58.63 | 41.37 | 1.55 | 0.36 |
| 2019-09 | 58.01 | 41.99 | 1.55 | 0.33 |
| 2017-09 | 42.04 | 57.96 | 2.30 | 0.56 |
| 2018-03 | 40.77 | 59.23 | 2.38 | 0.69 |
| 2018-09 | 48.53 | 51.47 | 1.92 | 0.44 |
| 2016-09 | 37.54 | 62.46 | 2.48 | 0.74 |
| 2017-03 | 34.21 | 65.79 | 2.68 | 0.82 |
| 2015-09 | 33.64 | 66.36 | 2.73 | 0.81 |
| 2015-03 | 33.67 | 66.33 | 2.72 | 0.72 |
| 2016-03 | 35.79 | 64.21 | 2.61 | 0.94 |
| 2013-09 | 32.07 | 67.93 | 3.06 | 0.85 |
| 2014-03 | 37.80 | 62.20 | 2.56 | 0.67 |
| 2014-09 | 34.01 | 65.99 | 2.75 | 0.72 |
| 2012-09 | 32.41 | 67.59 | 2.95 | 0.74 |
| 2013-03 | 21.65 | 78.35 | 4.73 | 1.48 |
| 2012-03 | 37.63 | 62.37 | 3.18 | 1.09 |
| 2011-09 | 70.10 | 29.90 | 1.36 | 0.28 |
| 2011-03 | 59.82 | 40.18 | 1.60 | 0.60 |
| 2009-03 | 55.29 | 44.71 | 1.73 | 0.70 |
| 2010-03 | 51.00 | 49.00 | 1.88 | 0.79 |
| 2010-09 | -- | -- | -- | -- |
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) |
| 2024/9/30 0:00:00 | 27029700000.0000 | -- | 1808900000.0000 | 228200000.0000 |
| 2023/9/30 0:00:00 | 37215600000.0000 | -- | 1755900000.0000 | 217200000.0000 |
| 2023/3/31 0:00:00 | 73512900000.0000 | -- | 3721400000.0000 | 357600000.0000 |
| 2024/3/31 0:00:00 | 86428000000.0000 | -- | 3787000000.0000 | 521500000.0000 |
| 2022/9/30 0:00:00 | 35573400000.0000 | -- | 1708700000.0000 | 99400000.0000 |
| 2022/3/31 0:00:00 | 76598000000.0000 | -- | 3441900000.0000 | 267900000.0000 |
| 2020/9/30 0:00:00 | 16530800000.0000 | -- | 1284900000.0000 | 172200000.0000 |
| 2021/9/30 0:00:00 | 33391800000.0000 | -- | 1512800000.0000 | 109300000.0000 |
| 2021/3/31 0:00:00 | 50089100000.0000 | -- | 3213700000.0000 | 294500000.0000 |
| 2019/3/31 0:00:00 | 48059100000.0000 | -- | 2986700000.0000 | 287600000.0000 |
| 2020/3/31 0:00:00 | 40654600000.0000 | -- | 2867100000.0000 | 481600000.0000 |
| 2019/9/30 0:00:00 | 21386700000.0000 | -- | 1431100000.0000 | 218100000.0000 |
| 2017/9/30 0:00:00 | 17588600000.0000 | -- | 1203900000.0000 | 47700000.0000 |
| 2018/3/31 0:00:00 | 42943000000.0000 | -- | 2681600000.0000 | 163400000.0000 |
| 2018/9/30 0:00:00 | 21174400000.0000 | -- | 1405900000.0000 | 95200000.0000 |
| 2016/9/30 0:00:00 | 14698100000.0000 | -- | 1117800000.0000 | 19900000.0000 |
| 2017/3/31 0:00:00 | 36282800000.0000 | -- | 2296000000.0000 | 96600000.0000 |
| 2015/9/30 0:00:00 | 20266800000.0000 | -- | 1187600000.0000 | 31000000.0000 |
| 2015/3/31 0:00:00 | 45204600000.0000 | -- | 2408600000.0000 | 229000000.0000 |
| 2016/3/31 0:00:00 | 40950100000.0000 | -- | 2426600000.0000 | 88400000.0000 |
| 2013/9/30 0:00:00 | 27789700000.0000 | -- | 1002100000.0000 | 77700000.0000 |
| 2014/3/31 0:00:00 | 56254800000.0000 | -- | 2171600000.0000 | 222800000.0000 |
| 2014/9/30 0:00:00 | 19991600000.0000 | -- | 1046900000.0000 | 183500000.0000 |
| 2012/9/30 0:00:00 | 18730300000.0000 | -- | 812400000.0000 | 213300000.0000 |
| 2013/3/31 0:00:00 | 41150800000.0000 | -- | 1736200000.0000 | 329500000.0000 |
| 2012/3/31 0:00:00 | 40123200000.0000 | -- | 1714600000.0000 | 363100000.0000 |
| 2011/9/30 0:00:00 | 16733600000.0000 | -- | 709600000.0000 | 116700000.0000 |
| 2011/3/31 0:00:00 | 25114900000.0000 | -- | 911400000.0000 | 102200000.0000 |
| 2009/3/31 0:00:00 | 13084900000.0000 | -- | 508800000.0000 | 157100000.0000 |
| 2010/3/31 0:00:00 | 16378600000.0000 | -- | 643100000.0000 | 62000000.0000 |
| 2010/9/30 0:00:00 | 9613800000.0000 | -- | 432600000.0000 | 29600000.0000 |