中商官网
研究报告
西部水泥（HK2233）
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) |
| 2007 | 525929000.0000 | 175764000.0000 | 150273000.0000 | 150273000.0000 | 1218617000.0000 | 536176000.0000 | 682441000.0000 |
| 2008 | 866126000.0000 | 310053000.0000 | 257729000.0000 | 246163000.0000 | 1926073000.0000 | 995989000.0000 | 930084000.0000 |
| 2009 | 1516766000.0000 | 638679000.0000 | 375147000.0000 | 330460000.0000 | 3673579000.0000 | 2378353000.0000 | 1295226000.0000 |
| 2010 | 2960781000.0000 | 1192423000.0000 | 1057604000.0000 | 925143000.0000 | 5545674000.0000 | 1971658000.0000 | 3574016000.0000 |
| 2011 | 3190479000.0000 | 884391000.0000 | 763289000.0000 | 662128000.0000 | 8420684000.0000 | 4242143000.0000 | 4178541000.0000 |
| 2012 | 3524117000.0000 | 675197000.0000 | 458584000.0000 | 364881000.0000 | 10298888000.0000 | 5452086000.0000 | 4846802000.0000 |
| 2013 | 4167843000.0000 | 729340000.0000 | 475082000.0000 | 378321000.0000 | 10664709000.0000 | 5579451000.0000 | 5085258000.0000 |
| 2014 | 3883385000.0000 | 598053000.0000 | 135036000.0000 | 35902000.0000 | 10768012000.0000 | 5751513000.0000 | 5016499000.0000 |
| 2015 | 3500931000.0000 | 463484000.0000 | -256537000.0000 | -309205000.0000 | 11382495000.0000 | 5478595000.0000 | 5903900000.0000 |
| 2016 | 3719280000.0000 | 676652000.0000 | 119398000.0000 | 10319000.0000 | 11181577000.0000 | 5268220000.0000 | 5913357000.0000 |
| 2017 | 4760038000.0000 | 1185909000.0000 | 974206000.0000 | 710843000.0000 | 11671939000.0000 | 5043233000.0000 | 6628706000.0000 |
| 2018 | 5911744000.0000 | 1985756000.0000 | 1632111000.0000 | 1159449000.0000 | 12392057000.0000 | 4793102000.0000 | 7598955000.0000 |
| 2019 | 7247389000.0000 | 2440484000.0000 | 2243801000.0000 | 1801281000.0000 | 14579813000.0000 | 5354149000.0000 | 9225664000.0000 |
| 2020 | 7131052000.0000 | 2342466000.0000 | 1847456000.0000 | 1560480000.0000 | 18906232000.0000 | 8379015000.0000 | 10527217000.0000 |
| 2021 | 8002791000.0000 | 2376567000.0000 | 2083591000.0000 | 1585070000.0000 | 26648351000.0000 | 14856724000.0000 | 11791627000.0000 |
| 2022 | 8489135000.0000 | 2181830000.0000 | 1513299000.0000 | 1214746000.0000 | 30239253000.0000 | 16847502000.0000 | 13391751000.0000 |
| 2023 | 9020901000.0000 | 2460019000.0000 | 954309000.0000 | 421278000.0000 | 32902850000.0000 | 18734900000.0000 | 14167950000.0000 |
| 2024 | 8344946000.0000 | 1973785000.0000 | 1090182000.0000 | 626181000.0000 | 36289921000.0000 | 22473436000.0000 | 13816485000.0000 |
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) |
| 2007 | 33.42 | 28.5700 | 12.33 | 22.0200 | 7.67 | -- | 0.43 |
| 2008 | 35.80 | 29.7600 | 13.38 | 26.4700 | 6.82 | -- | 0.45 |
| 2009 | 42.11 | 24.7300 | 10.21 | 26.0200 | 6.81 | -- | 0.41 |
| 2010 | 40.27 | 35.7200 | 19.07 | 26.1300 | 10.60 | -- | 0.53 |
| 2011 | 27.72 | 23.9200 | 9.06 | 16.2700 | 6.04 | -- | 0.38 |
| 2012 | 19.16 | 13.0100 | 4.45 | 7.6700 | 6.08 | -- | 0.34 |
| 2013 | 17.50 | 11.4000 | 4.45 | 7.5000 | 6.48 | -- | 0.39 |
| 2014 | 15.40 | 3.4800 | 1.25 | 0.7200 | 5.99 | -- | 0.36 |
| 2015 | 13.24 | -7.3300 | -2.25 | -5.2800 | 5.28 | -- | 0.31 |
| 2016 | 18.19 | 2.9500 | 1.07 | 0.1800 | 5.98 | -- | 0.33 |
| 2017 | 24.91 | 20.1300 | 8.35 | 10.8100 | 8.19 | -- | 0.41 |
| 2018 | 33.59 | 27.2100 | 13.17 | 15.4100 | 7.99 | -- | 0.48 |
| 2019 | 33.67 | 30.6500 | 15.39 | 19.9000 | 7.22 | -- | 0.50 |
| 2020 | 32.85 | 25.6700 | 9.77 | 15.1100 | 6.55 | -- | 0.38 |
| 2021 | 29.70 | 26.0100 | 7.82 | 14.0100 | 5.06 | -- | 0.30 |
| 2022 | 25.70 | 17.9000 | 5.00 | 10.1000 | 4.24 | -- | 0.28 |
| 2023 | 27.27 | 10.6200 | 2.90 | 3.4300 | 2.80 | -- | 0.27 |
| 2024 | 23.65 | 13.0400 | 3.00 | 5.1000 | 2.03 | -- | 0.23 |
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 |
| 2007 | 44.00 | 56.00 | 0.44 | 0.34 |
| 2008 | 51.71 | 48.29 | 0.52 | 0.37 |
| 2009 | 64.74 | 35.26 | 0.43 | 0.36 |
| 2010 | 35.55 | 64.45 | 0.62 | 0.53 |
| 2011 | 50.38 | 49.62 | 1.00 | 0.75 |
| 2012 | 52.94 | 47.06 | 0.60 | 0.44 |
| 2013 | 52.32 | 47.68 | 0.81 | 0.58 |
| 2014 | 53.41 | 46.59 | 0.79 | 0.55 |
| 2015 | 48.13 | 51.87 | 0.74 | 0.53 |
| 2016 | 47.12 | 52.88 | 1.04 | 0.83 |
| 2017 | 43.21 | 56.79 | 1.40 | 1.19 |
| 2018 | 38.68 | 61.32 | 0.68 | 0.58 |
| 2019 | 36.72 | 63.28 | 1.22 | 1.01 |
| 2020 | 44.32 | 55.68 | 1.05 | 0.90 |
| 2021 | 55.75 | 44.25 | 1.14 | 1.00 |
| 2022 | 55.71 | 44.29 | 0.72 | 0.57 |
| 2023 | 56.94 | 43.06 | 0.80 | 0.56 |
| 2024 | 61.93 | 38.07 | 0.72 | 0.48 |
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) |
| 2007 | 350165000.0000 | -- | 29038000.0000 | 24638000.0000 |
| 2008 | 556073000.0000 | -- | 55224000.0000 | 25515000.0000 |
| 2009 | 878087000.0000 | -- | 77846000.0000 | 241091000.0000 |
| 2010 | 1768358000.0000 | -- | 179028000.0000 | 100508000.0000 |
| 2011 | 2306088000.0000 | -- | 183123000.0000 | 174380000.0000 |
| 2012 | 2848920000.0000 | -- | 202117000.0000 | 138065000.0000 |
| 2013 | 3438503000.0000 | -- | 243862000.0000 | 212257000.0000 |
| 2014 | 3285332000.0000 | -- | 258243000.0000 | 222193000.0000 |
| 2015 | 3037447000.0000 | -- | 270629000.0000 | 218231000.0000 |
| 2016 | 3042628000.0000 | -- | 242249000.0000 | 248803000.0000 |
| 2017 | 3574129000.0000 | -- | 266245000.0000 | 215817000.0000 |
| 2018 | 3925988000.0000 | -- | 336745000.0000 | 88218000.0000 |
| 2019 | 4806905000.0000 | -- | 360319000.0000 | -41155000.0000 |
| 2020 | 4788586000.0000 | -- | 405389000.0000 | -30578000.0000 |
| 2021 | 5626224000.0000 | -- | 554316000.0000 | 91665000.0000 |
| 2022 | 6307305000.0000 | -- | 604845000.0000 | 247718000.0000 |
| 2023 | 6560882000.0000 | -- | 796404000.0000 | 219650000.0000 |
| 2024 | 6371161000.0000 | -- | 702267000.0000 | 225637000.0000 |