中商官网
研究报告
碧桂园（HK2007）
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) |
| 2004 | 3240347000.0000 | 922300000.0000 | 408158000.0000 | 254983000.0000 | 9855747000.0000 | 8108503000.0000 | 1747244000.0000 |
| 2005 | 5191485000.0000 | 1722208000.0000 | 964532000.0000 | 615425000.0000 | 14026716000.0000 | 11704878000.0000 | 2321838000.0000 |
| 2006 | 7940937000.0000 | 3018356000.0000 | 2190703000.0000 | 1519473000.0000 | 15311367000.0000 | 13836005000.0000 | 1475362000.0000 |
| 2007 | 17735011000.0000 | 8174121000.0000 | 6810882000.0000 | 4135908000.0000 | 38634015000.0000 | 19234895000.0000 | 19399120000.0000 |
| 2008 | 15712790000.0000 | 7025584000.0000 | 3261325000.0000 | 1378207000.0000 | 50115060000.0000 | 30734391000.0000 | 19380669000.0000 |
| 2009 | 17585704000.0000 | 4618106000.0000 | 3385938000.0000 | 2190199000.0000 | 63939788000.0000 | 42398866000.0000 | 21540922000.0000 |
| 2010 | 25804105000.0000 | 8351166000.0000 | 6719785000.0000 | 4290578000.0000 | 82081247000.0000 | 56663172000.0000 | 25418075000.0000 |
| 2011 | 34748305000.0000 | 11995671000.0000 | 9606735000.0000 | 5813180000.0000 | 107310425000.0000 | 77243161000.0000 | 30067264000.0000 |
| 2012 | 41890984000.0000 | 15339505000.0000 | 11541913000.0000 | 6852651000.0000 | 136522148000.0000 | 97637740000.0000 | 38884408000.0000 |
| 2013 | 62724729000.0000 | 19011473000.0000 | 13473153000.0000 | 8514104000.0000 | 206239428000.0000 | 160228261000.0000 | 46011167000.0000 |
| 2014 | 84548803000.0000 | 22055133000.0000 | 16369125000.0000 | 10229159000.0000 | 268032209000.0000 | 205589783000.0000 | 62442426000.0000 |
| 2015 | 113222640000.0000 | 22863299000.0000 | 14833109000.0000 | 9276485000.0000 | 361956327000.0000 | 272615921000.0000 | 89340406000.0000 |
| 2016 | 153086977000.0000 | 32236086000.0000 | 21390572000.0000 | 11516815000.0000 | 591571601000.0000 | 509956431000.0000 | 81615170000.0000 |
| 2017 | 226900000000.0000 | 58785000000.0000 | 46522000000.0000 | 26064000000.0000 | 1049669000000.0000 | 933057000000.0000 | 116612000000.0000 |
| 2018 | 379079000000.0000 | 102476000000.0000 | 79563000000.0000 | 34618000000.0000 | 1629694000000.0000 | 1456286000000.0000 | 173408000000.0000 |
| 2019 | 485908000000.0000 | 126637000000.0000 | 98939000000.0000 | 39550000000.0000 | 1907152000000.0000 | 1688544000000.0000 | 218608000000.0000 |
| 2020 | 462856000000.0000 | 100905000000.0000 | 85529000000.0000 | 35022000000.0000 | 2015809000000.0000 | 1758806000000.0000 | 257003000000.0000 |
| 2021 | 523064000000.0000 | 92782000000.0000 | 68949000000.0000 | 26797000000.0000 | 1948365000000.0000 | 1647738000000.0000 | 300627000000.0000 |
| 2022 | 430371000000.0000 | 32883000000.0000 | 5361000000.0000 | -6052000000.0000 | 1744467000000.0000 | 1434894000000.0000 | 309573000000.0000 |
| 2023 | 401015000000.0000 | -93609000000.0000 | -167253000000.0000 | -178400000000.0000 | 1292992000000.0000 | 1204383000000.0000 | 88609000000.0000 |
| 2024 | 252756000000.0000 | -1687000000.0000 | -22369000000.0000 | -32835000000.0000 | 1035843000000.0000 | 984589000000.0000 | 51254000000.0000 |
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) |
| 2004 | 28.46 | 12.6000 | 4.14 | 15.3200 | 0.88 | -- | 0.33 |
| 2005 | 33.17 | 18.5800 | 6.88 | 26.7000 | 0.75 | -- | 0.37 |
| 2006 | 38.01 | 27.5900 | 14.31 | 116.0100 | 0.90 | -- | 0.52 |
| 2007 | 46.09 | 38.4000 | 17.63 | 21.5900 | 1.34 | -- | 0.46 |
| 2008 | 44.71 | 20.7600 | 6.51 | 7.2200 | 0.47 | -- | 0.31 |
| 2009 | 26.26 | 19.2500 | 5.30 | 10.3500 | 0.50 | -- | 0.28 |
| 2010 | 32.36 | 26.2300 | 8.19 | 17.2900 | 0.54 | -- | 0.31 |
| 2011 | 34.52 | 27.3000 | 8.95 | 20.0500 | 0.55 | -- | 0.32 |
| 2012 | 36.62 | 27.7800 | 8.45 | 18.2400 | 0.46 | -- | 0.31 |
| 2013 | 30.31 | 21.5200 | 6.53 | 19.3700 | 0.50 | -- | 0.30 |
| 2014 | 26.09 | 19.4100 | 6.11 | 18.0500 | 0.48 | -- | 0.32 |
| 2015 | 20.19 | 13.1500 | 4.10 | 14.2100 | 0.53 | -- | 0.31 |
| 2016 | 21.06 | 13.7400 | 3.62 | 16.4200 | 0.48 | -- | 0.26 |
| 2017 | 25.91 | 20.6600 | 4.43 | 27.8300 | 0.43 | -- | 0.22 |
| 2018 | 27.03 | 20.6700 | 4.88 | 28.5300 | 0.41 | -- | 0.23 |
| 2019 | 26.06 | 19.3100 | 5.19 | 26.0300 | 0.41 | -- | 0.25 |
| 2020 | 21.80 | 17.1300 | 4.24 | 20.0000 | 0.33 | -- | 0.23 |
| 2021 | 17.74 | 12.2200 | 3.54 | 13.4800 | 0.40 | -- | 0.27 |
| 2022 | 7.64 | 0.3800 | 0.31 | -2.9700 | 0.42 | -- | 0.25 |
| 2023 | -23.34 | -41.7500 | -12.94 | -687.5600 | 0.67 | -- | 0.31 |
| 2024 | -0.67 | -9.5500 | -2.16 | 456.9900 | 0.44 | -- | 0.24 |
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 |
| 2004 | 82.27 | 17.73 | 1.16 | 0.68 |
| 2005 | 83.45 | 16.55 | 1.37 | 0.74 |
| 2006 | 90.36 | 9.64 | 1.05 | 0.55 |
| 2007 | 49.79 | 50.21 | 1.65 | 1.17 |
| 2008 | 61.33 | 38.67 | 1.71 | 0.80 |
| 2009 | 66.31 | 33.69 | 1.62 | 0.64 |
| 2010 | 69.03 | 30.97 | 1.34 | 0.58 |
| 2011 | 71.98 | 28.02 | 1.30 | 0.53 |
| 2012 | 71.52 | 28.48 | 1.40 | 0.55 |
| 2013 | 77.69 | 22.31 | 1.27 | 0.52 |
| 2014 | 76.70 | 23.30 | 1.23 | 0.39 |
| 2015 | 75.32 | 24.68 | 1.35 | 0.50 |
| 2016 | 86.20 | 13.80 | 1.20 | 0.58 |
| 2017 | 88.89 | 11.11 | 1.13 | 0.62 |
| 2018 | 89.36 | 10.64 | 1.15 | 0.59 |
| 2019 | 88.54 | 11.46 | 1.17 | 0.55 |
| 2020 | 87.25 | 12.75 | 1.17 | 0.43 |
| 2021 | 84.57 | 15.43 | 1.24 | 0.47 |
| 2022 | 82.25 | 17.75 | 1.25 | 0.48 |
| 2023 | 93.15 | 6.85 | 1.03 | 0.37 |
| 2024 | 95.05 | 4.95 | 0.97 | 0.35 |
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) |
| 2004 | 2318047000.0000 | -- | 233880000.0000 | 125444000.0000 |
| 2005 | 3469277000.0000 | -- | 273681000.0000 | 220981000.0000 |
| 2006 | 4922581000.0000 | -- | 407388000.0000 | 244584000.0000 |
| 2007 | 9560890000.0000 | -- | 933236000.0000 | 153810000.0000 |
| 2008 | 8687206000.0000 | -- | 1046031000.0000 | 999070000.0000 |
| 2009 | 12967598000.0000 | -- | 695784000.0000 | 651920000.0000 |
| 2010 | 17452939000.0000 | -- | 833183000.0000 | 224777000.0000 |
| 2011 | 22752634000.0000 | -- | 1319473000.0000 | 120246000.0000 |
| 2012 | 26551479000.0000 | -- | 1568279000.0000 | 126443000.0000 |
| 2013 | 43713256000.0000 | -- | 2033277000.0000 | -803249000.0000 |
| 2014 | 62493670000.0000 | -- | 3159928000.0000 | 195582000.0000 |
| 2015 | 90359341000.0000 | -- | 3230024000.0000 | 1289510000.0000 |
| 2016 | 120850891000.0000 | -- | 4970364000.0000 | 1095305000.0000 |
| 2017 | 168115000000.0000 | -- | 7962000000.0000 | -3276000000.0000 |
| 2018 | 276603000000.0000 | -- | 17825000000.0000 | -1348000000.0000 |
| 2019 | 359271000000.0000 | -- | 19511000000.0000 | -1171000000.0000 |
| 2020 | 361951000000.0000 | -- | 16568000000.0000 | -7306000000.0000 |
| 2021 | 430282000000.0000 | -- | 16826000000.0000 | -3497000000.0000 |
| 2022 | 397488000000.0000 | -- | 10602000000.0000 | 4807000000.0000 |
| 2023 | 494624000000.0000 | -- | 8145000000.0000 | 5458000000.0000 |
| 2024 | 254443000000.0000 | -- | 5192000000.0000 | 6449000000.0000 |