中商官网
研究报告
李宁（HK2331）
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) |
| 2001 | 734935000.0000 | 287199000.0000 | 59090000.0000 | 49620000.0000 | 489118000.0000 | 324232000.0000 | 164886000.0000 |
| 2002 | 958005000.0000 | 429857000.0000 | 95955000.0000 | 66889000.0000 | 570633000.0000 | 337760000.0000 | 232873000.0000 |
| 2003 | 1276224000.0000 | 605919000.0000 | 114563000.0000 | 93960000.0000 | 767778000.0000 | 362877000.0000 | 404901000.0000 |
| 2004 | 1878102000.0000 | 873524000.0000 | 181239000.0000 | 122414000.0000 | 1481431000.0000 | 454206000.0000 | 1027225000.0000 |
| 2005 | 2450536000.0000 | 1126189000.0000 | 273451000.0000 | 186800000.0000 | 1582811000.0000 | 404515000.0000 | 1178296000.0000 |
| 2006 | 3180543000.0000 | 1508552000.0000 | 401153000.0000 | 294846000.0000 | 2165285000.0000 | 748206000.0000 | 1417079000.0000 |
| 2007 | 4348747000.0000 | 2082846000.0000 | 618532000.0000 | 473606000.0000 | 2780851000.0000 | 1036250000.0000 | 1744601000.0000 |
| 2008 | 6690073000.0000 | 3220374000.0000 | 929238000.0000 | 721267000.0000 | 4336929000.0000 | 2247981000.0000 | 2088948000.0000 |
| 2009 | 8386910000.0000 | 3969864000.0000 | 1283130000.0000 | 944524000.0000 | 5377870000.0000 | 2515759000.0000 | 2862111000.0000 |
| 2010 | 9478527000.0000 | 4481599000.0000 | 1509514000.0000 | 1108487000.0000 | 6561792000.0000 | 3002410000.0000 | 3559382000.0000 |
| 2011 | 8928526000.0000 | 4042086000.0000 | 547377000.0000 | 385813000.0000 | 7328818000.0000 | 3664159000.0000 | 3664659000.0000 |
| 2012 | 6676441000.0000 | 2514300000.0000 | -1805919000.0000 | -1979114000.0000 | 6019572000.0000 | 4207331000.0000 | 1812241000.0000 |
| 2013 | 5824110000.0000 | 2593976000.0000 | -317172000.0000 | -391540000.0000 | 6016851000.0000 | 3125087000.0000 | 2891764000.0000 |
| 2014 | 6047195000.0000 | 2717759000.0000 | -777888000.0000 | -781481000.0000 | 6039806000.0000 | 3870365000.0000 | 2169441000.0000 |
| 2015 | 7089495000.0000 | 3192659000.0000 | 30814000.0000 | 14309000.0000 | 6897458000.0000 | 3486918000.0000 | 3410540000.0000 |
| 2016 | 8015293000.0000 | 3705228000.0000 | 287946000.0000 | 643254000.0000 | 6780494000.0000 | 2783345000.0000 | 3997149000.0000 |
| 2017 | 8873912000.0000 | 4176483000.0000 | 537524000.0000 | 515155000.0000 | 7321349000.0000 | 2247752000.0000 | 5073597000.0000 |
| 2018 | 10510898000.0000 | 5052774000.0000 | 850321000.0000 | 715263000.0000 | 8727305000.0000 | 2907715000.0000 | 5819590000.0000 |
| 2019 | 13869630000.0000 | 6805462000.0000 | 1856546000.0000 | 1499139000.0000 | 12547474000.0000 | 5423281000.0000 | 7124193000.0000 |
| 2020 | 14456971000.0000 | 7094344000.0000 | 2247865000.0000 | 1698484000.0000 | 14593865000.0000 | 5904448000.0000 | 8689417000.0000 |
| 2021 | 22572281000.0000 | 11969098000.0000 | 5328237000.0000 | 4010881000.0000 | 30274816000.0000 | 9170709000.0000 | 21104107000.0000 |
| 2022 | 25803383000.0000 | 12484793000.0000 | 5415100000.0000 | 4063834000.0000 | 33646519000.0000 | 9314591000.0000 | 24331928000.0000 |
| 2023 | 27598491000.0000 | 13352055000.0000 | 4256169000.0000 | 3186910000.0000 | 34207803000.0000 | 9801162000.0000 | 24406641000.0000 |
| 2024 | 28675643000.0000 | 14156103000.0000 | 4109609000.0000 | 3012918000.0000 | 35708406000.0000 | 9604717000.0000 | 26103689000.0000 |
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) |
| 2001 | 39.08 | 8.0400 | 12.08 | 33.3700 | 2.49 | -- | 1.50 |
| 2002 | 44.87 | 10.0200 | 16.82 | 31.0300 | 2.31 | -- | 1.68 |
| 2003 | 47.48 | 8.9800 | 14.92 | 24.1500 | 2.26 | -- | 1.66 |
| 2004 | 46.51 | 9.6500 | 12.23 | 12.1200 | 3.16 | -- | 1.27 |
| 2005 | 45.96 | 11.1600 | 17.28 | 16.0900 | 4.56 | -- | 1.55 |
| 2006 | 47.43 | 12.6100 | 18.53 | 21.0700 | 4.77 | -- | 1.47 |
| 2007 | 47.90 | 14.2200 | 22.24 | 27.1500 | 4.41 | -- | 1.56 |
| 2008 | 48.14 | 13.8900 | 21.43 | 38.0300 | 5.33 | -- | 1.54 |
| 2009 | 47.33 | 15.3000 | 23.86 | 35.3200 | 6.99 | -- | 1.56 |
| 2010 | 47.28 | 15.9300 | 23.00 | 32.9000 | 6.20 | -- | 1.44 |
| 2011 | 45.27 | 6.1500 | 7.47 | 11.1100 | 4.31 | -- | 1.22 |
| 2012 | 37.66 | -26.9700 | -30.00 | -122.6500 | 4.62 | -- | 1.11 |
| 2013 | 44.54 | -5.4800 | -5.27 | -14.5900 | 3.43 | -- | 0.97 |
| 2014 | 44.94 | -12.9900 | -12.88 | -40.0400 | 2.58 | -- | 1.00 |
| 2015 | 45.03 | 0.3400 | 0.45 | 0.4500 | 4.06 | -- | 1.03 |
| 2016 | 46.23 | 3.4700 | 4.25 | 16.1000 | 4.46 | -- | 1.18 |
| 2017 | 47.06 | 5.2300 | 7.34 | 10.1600 | 4.26 | -- | 1.21 |
| 2018 | 48.07 | 8.0900 | 9.74 | 12.3000 | 4.40 | -- | 1.20 |
| 2019 | 49.07 | 10.9100 | 14.80 | 21.0500 | 5.02 | -- | 1.11 |
| 2020 | 49.07 | 14.9700 | 15.40 | 19.5500 | 5.47 | -- | 0.99 |
| 2021 | 53.03 | 22.9000 | 17.60 | 19.0100 | 5.98 | -- | 0.75 |
| 2022 | 48.38 | 20.2100 | 16.09 | 16.7000 | 5.49 | -- | 0.77 |
| 2023 | 48.38 | 14.0500 | 12.44 | 13.0600 | 5.71 | -- | 0.81 |
| 2024 | 49.37 | 13.4400 | 11.51 | 11.5400 | 5.59 | -- | 0.80 |
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 |
| 2001 | 66.29 | 33.71 | 1.23 | 0.67 |
| 2002 | 59.19 | 40.81 | 1.43 | 0.76 |
| 2003 | 47.26 | 52.74 | 1.87 | 1.05 |
| 2004 | 30.66 | 69.34 | 3.04 | 2.33 |
| 2005 | 25.56 | 74.44 | 3.62 | 2.90 |
| 2006 | 34.55 | 65.45 | 2.74 | 2.23 |
| 2007 | 37.26 | 62.74 | 2.22 | 1.70 |
| 2008 | 51.83 | 48.17 | 1.35 | 1.04 |
| 2009 | 46.78 | 53.22 | 1.70 | 1.36 |
| 2010 | 45.76 | 54.24 | 1.77 | 1.43 |
| 2011 | 50.00 | 50.00 | 1.56 | 1.19 |
| 2012 | 69.89 | 30.11 | 1.20 | 0.92 |
| 2013 | 51.94 | 48.06 | 1.96 | 1.50 |
| 2014 | 64.08 | 35.92 | 1.48 | 1.00 |
| 2015 | 50.55 | 49.45 | 2.22 | 1.83 |
| 2016 | 41.05 | 58.95 | 1.74 | 1.38 |
| 2017 | 30.70 | 69.30 | 2.40 | 1.88 |
| 2018 | 33.32 | 66.68 | 2.30 | 1.85 |
| 2019 | 43.22 | 56.78 | 1.81 | 1.51 |
| 2020 | 40.46 | 59.54 | 1.95 | 1.68 |
| 2021 | 30.29 | 69.71 | 2.42 | 2.19 |
| 2022 | 27.68 | 72.32 | 1.71 | 1.38 |
| 2023 | 28.65 | 71.35 | 1.88 | 1.54 |
| 2024 | 26.90 | 73.10 | 2.71 | 2.36 |
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) |
| 2001 | 447736000.0000 | -- | 88846000.0000 | 6111000.0000 |
| 2002 | 528148000.0000 | -- | 104561000.0000 | 7392000.0000 |
| 2003 | 670305000.0000 | -- | 121049000.0000 | 4546000.0000 |
| 2004 | 1004578000.0000 | -- | 160734000.0000 | -821000.0000 |
| 2005 | 1324347000.0000 | -- | 204168000.0000 | -1954000.0000 |
| 2006 | 1671991000.0000 | -- | 234730000.0000 | 1365000.0000 |
| 2007 | 2265901000.0000 | -- | 282357000.0000 | -8677000.0000 |
| 2008 | 3469699000.0000 | -- | 441842000.0000 | 30975000.0000 |
| 2009 | 4417046000.0000 | -- | 602929000.0000 | 58766000.0000 |
| 2010 | 4996928000.0000 | -- | 618280000.0000 | 37261000.0000 |
| 2011 | 4886440000.0000 | -- | 644641000.0000 | 82052000.0000 |
| 2012 | 4162141000.0000 | -- | 1670210000.0000 | 201582000.0000 |
| 2013 | 3230134000.0000 | -- | 235860000.0000 | 149997000.0000 |
| 2014 | 3329436000.0000 | -- | 627944000.0000 | 142178000.0000 |
| 2015 | 3896836000.0000 | -- | 346149000.0000 | 133203000.0000 |
| 2016 | 4310065000.0000 | -- | 424129000.0000 | 107575000.0000 |
| 2017 | 4697429000.0000 | -- | 512051000.0000 | -18040000.0000 |
| 2018 | 5458124000.0000 | -- | 679873000.0000 | -9511000.0000 |
| 2019 | 7064168000.0000 | -- | 968264000.0000 | 30132000.0000 |
| 2020 | 7362627000.0000 | -- | 805058000.0000 | 31591000.0000 |
| 2021 | 10603183000.0000 | -- | 1110675000.0000 | -32639000.0000 |
| 2022 | 13318590000.0000 | -- | 1113218000.0000 | -327187000.0000 |
| 2023 | 14246436000.0000 | -- | 1256152000.0000 | -319110000.0000 |
| 2024 | 14519540000.0000 | -- | 1427907000.0000 | -175104000.0000 |