中商官网
研究报告
石四药集团（HK2005）
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 | 860863000.0000 | 467140000.0000 | 116517000.0000 | 60819000.0000 | 595453000.0000 | 299531000.0000 | 295922000.0000 |
| 2003 | 896307000.0000 | 478536000.0000 | 102790000.0000 | 70333000.0000 | 661711000.0000 | 335658000.0000 | 326053000.0000 |
| 2004 | 903006000.0000 | 453688000.0000 | 131392000.0000 | 88632000.0000 | 786614000.0000 | 441273000.0000 | 345341000.0000 |
| 2005 | 884709000.0000 | 447867000.0000 | 131668000.0000 | 93311000.0000 | 937618000.0000 | 343246000.0000 | 594372000.0000 |
| 2006 | 860641000.0000 | 444835000.0000 | 92401000.0000 | 84575000.0000 | 914908000.0000 | 412591000.0000 | 502317000.0000 |
| 2007 | 1139431000.0000 | 578495000.0000 | 132002000.0000 | 119530000.0000 | 2072843000.0000 | 876747000.0000 | 1196096000.0000 |
| 2008 | 1591028000.0000 | 727532000.0000 | 93282000.0000 | 102106000.0000 | 2511447000.0000 | 1141658000.0000 | 1369789000.0000 |
| 2009 | 1739628000.0000 | 859364000.0000 | 240997000.0000 | 216095000.0000 | 2500259000.0000 | 874439000.0000 | 1625820000.0000 |
| 2010 | 1971657000.0000 | 991626000.0000 | 305681000.0000 | 260592000.0000 | 3372711000.0000 | 1016414000.0000 | 2356297000.0000 |
| 2011 | 2155215000.0000 | 913690000.0000 | -2194000.0000 | -41401000.0000 | 3444540000.0000 | 1148247000.0000 | 2296293000.0000 |
| 2012 | 2430684000.0000 | 1033094000.0000 | 336504000.0000 | 281003000.0000 | 3991438000.0000 | 1502342000.0000 | 2489096000.0000 |
| 2013 | 1723256000.0000 | 828579000.0000 | 442292000.0000 | 411814000.0000 | 5083908000.0000 | 2217012000.0000 | 2866896000.0000 |
| 2014 | 2091471000.0000 | 1065403000.0000 | 580150000.0000 | 602929000.0000 | 4797655000.0000 | 1544485000.0000 | 3253170000.0000 |
| 2015 | 2221921000.0000 | 1049569000.0000 | 478312000.0000 | 403416000.0000 | 5008094000.0000 | 2612915000.0000 | 2395179000.0000 |
| 2016 | 2361250000.0000 | 1217442000.0000 | 587918000.0000 | 489535000.0000 | 4744074000.0000 | 2059652000.0000 | 2684422000.0000 |
| 2017 | 3076369000.0000 | 1807188000.0000 | 797375000.0000 | 664719000.0000 | 5903946000.0000 | 2417204000.0000 | 3486742000.0000 |
| 2018 | 4180788000.0000 | 2606373000.0000 | 1079143000.0000 | 911774000.0000 | 6880745000.0000 | 2502499000.0000 | 4378246000.0000 |
| 2019 | 4635675000.0000 | 2876833000.0000 | 1361143000.0000 | 1136101000.0000 | 7724342000.0000 | 2537194000.0000 | 5187148000.0000 |
| 2020 | 4260898000.0000 | 2708375000.0000 | 725215000.0000 | 611971000.0000 | 9253707000.0000 | 3338496000.0000 | 5915211000.0000 |
| 2021 | 5356763000.0000 | 3170246000.0000 | 948397000.0000 | 785533000.0000 | 10708720000.0000 | 4216012000.0000 | 6492708000.0000 |
| 2022 | 6434025000.0000 | 3567586000.0000 | 1399152000.0000 | 1122837000.0000 | 10966512000.0000 | 4420688000.0000 | 6545824000.0000 |
| 2023 | 6463009000.0000 | 3619639000.0000 | 1583569000.0000 | 1318616000.0000 | 11966336000.0000 | 4697644000.0000 | 7268692000.0000 |
| 2024 | 5773251000.0000 | 2908262000.0000 | 1281603000.0000 | 1061150000.0000 | 12603680000.0000 | 5068030000.0000 | 7535650000.0000 |
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 | 54.26 | 13.5300 | 19.57 | 27.3000 | 4.82 | -- | 1.45 |
| 2003 | 53.39 | 11.5000 | 15.53 | 29.0000 | 4.51 | -- | 1.35 |
| 2004 | 50.24 | 14.5500 | 16.70 | 34.1800 | 5.54 | -- | 1.15 |
| 2005 | 50.62 | 14.8800 | 14.04 | 18.6400 | 4.68 | -- | 0.94 |
| 2006 | 51.69 | 10.7400 | 10.10 | 16.8400 | 4.86 | -- | 0.94 |
| 2007 | 50.77 | 11.5800 | 6.37 | 10.0000 | 2.95 | -- | 0.55 |
| 2008 | 45.73 | 5.8600 | 3.71 | 7.4600 | 3.82 | -- | 0.63 |
| 2009 | 49.40 | 13.8500 | 9.64 | 13.3000 | 3.84 | -- | 0.70 |
| 2010 | 50.29 | 15.5000 | 9.06 | 11.0600 | 3.28 | -- | 0.58 |
| 2011 | 42.39 | -0.1000 | -0.06 | -1.8000 | 3.63 | -- | 0.63 |
| 2012 | 42.50 | 13.8400 | 8.43 | 11.2900 | 3.50 | -- | 0.61 |
| 2013 | 48.08 | 25.6700 | 8.70 | 14.3700 | 2.21 | -- | 0.34 |
| 2014 | 50.94 | 27.7400 | 12.09 | 18.5400 | 3.67 | -- | 0.44 |
| 2015 | 47.24 | 21.6000 | 9.55 | 16.8500 | 4.15 | -- | 0.44 |
| 2016 | 51.56 | 24.9900 | 12.39 | 18.2900 | 4.11 | -- | 0.50 |
| 2017 | 58.74 | 25.9200 | 13.51 | 19.1300 | 3.19 | -- | 0.52 |
| 2018 | 62.34 | 25.8100 | 15.68 | 21.5100 | 3.73 | -- | 0.61 |
| 2019 | 62.06 | 29.3600 | 17.62 | 22.7800 | 3.47 | -- | 0.60 |
| 2020 | 63.56 | 17.0200 | 7.84 | 10.8300 | 2.43 | -- | 0.46 |
| 2021 | 59.18 | 17.6000 | 8.86 | 12.6300 | 2.64 | -- | 0.50 |
| 2022 | 55.45 | 21.5300 | 12.76 | 18.0700 | 3.54 | -- | 0.59 |
| 2023 | 56.01 | 24.0300 | 13.23 | 19.0200 | 2.62 | -- | 0.54 |
| 2024 | 50.37 | 21.7400 | 10.17 | 14.7000 | 2.58 | -- | 0.46 |
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 | 50.30 | 49.70 | 1.12 | 0.81 |
| 2003 | 50.73 | 49.27 | 1.00 | 0.70 |
| 2004 | 56.10 | 43.90 | 1.11 | 0.90 |
| 2005 | 36.61 | 63.39 | 1.79 | 1.51 |
| 2006 | 45.10 | 54.90 | 1.43 | 1.20 |
| 2007 | 42.30 | 57.70 | 1.25 | 0.92 |
| 2008 | 45.46 | 54.54 | 1.04 | 0.78 |
| 2009 | 34.97 | 65.03 | 1.16 | 0.87 |
| 2010 | 30.14 | 69.86 | 1.76 | 1.43 |
| 2011 | 33.34 | 66.66 | 1.42 | 1.08 |
| 2012 | 37.64 | 62.36 | 1.55 | 1.21 |
| 2013 | 43.61 | 56.39 | 1.11 | 0.88 |
| 2014 | 32.19 | 67.81 | 1.46 | 1.22 |
| 2015 | 52.17 | 47.83 | 1.14 | 0.94 |
| 2016 | 43.42 | 56.58 | 1.53 | 1.28 |
| 2017 | 40.94 | 59.06 | 1.67 | 1.41 |
| 2018 | 36.37 | 63.63 | 2.22 | 1.92 |
| 2019 | 32.85 | 67.15 | 2.13 | 1.81 |
| 2020 | 36.08 | 63.92 | 2.01 | 1.71 |
| 2021 | 39.37 | 60.63 | 2.04 | 1.69 |
| 2022 | 40.31 | 59.69 | 1.82 | 1.52 |
| 2023 | 39.26 | 60.74 | 2.03 | 1.60 |
| 2024 | 40.21 | 59.79 | 2.78 | 2.17 |
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 | 393723000.0000 | -- | 95734000.0000 | 1507000.0000 |
| 2003 | 417771000.0000 | -- | 113104000.0000 | 3933000.0000 |
| 2004 | 449318000.0000 | -- | 96686000.0000 | 7111000.0000 |
| 2005 | 436842000.0000 | -- | 108414000.0000 | 5500000.0000 |
| 2006 | 415806000.0000 | -- | 123992000.0000 | 4892000.0000 |
| 2007 | 560936000.0000 | -- | 150778000.0000 | 29315000.0000 |
| 2008 | 863496000.0000 | -- | 221817000.0000 | 39122000.0000 |
| 2009 | 880264000.0000 | -- | 175555000.0000 | 39783000.0000 |
| 2010 | 980031000.0000 | -- | 215429000.0000 | 19312000.0000 |
| 2011 | 1241525000.0000 | -- | 243231000.0000 | 15340000.0000 |
| 2012 | 1397590000.0000 | -- | 290201000.0000 | 35712000.0000 |
| 2013 | 894677000.0000 | -- | 178368000.0000 | 31687000.0000 |
| 2014 | 1026068000.0000 | -- | 221658000.0000 | 41354000.0000 |
| 2015 | 1172352000.0000 | -- | 277992000.0000 | 61688000.0000 |
| 2016 | 1143808000.0000 | -- | 268438000.0000 | 51858000.0000 |
| 2017 | 1269181000.0000 | -- | 306195000.0000 | 53926000.0000 |
| 2018 | 1574415000.0000 | -- | 336260000.0000 | 34312000.0000 |
| 2019 | 1758842000.0000 | -- | 378929000.0000 | 30513000.0000 |
| 2020 | 1552523000.0000 | -- | 408240000.0000 | 33667000.0000 |
| 2021 | 2186517000.0000 | -- | 557933000.0000 | 45114000.0000 |
| 2022 | 2866439000.0000 | -- | 543936000.0000 | 38350000.0000 |
| 2023 | 2843370000.0000 | -- | 598069000.0000 | 85942000.0000 |
| 2024 | 2864989000.0000 | -- | 565179000.0000 | 88390000.0000 |