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) |
营业额同比 （%) |
营业利润 （元) |
营业利润同比 （%) |
利润总额 （元) |
利润总额同比 （%) |
净利润 （元) |
净利润同比 （%) |
| 202312 | 27598491000.0000 | 6.96 | 13352055000.0000 | 6.95 | 4256169000.0000 | -21.40 | 3186910000.0000 | -21.58 |
| 202306 | 14018947000.0000 | 12.98 | 6838764000.0000 | 10.29 | 2800801000.0000 | -4.05 | 2121231000.0000 | -3.11 |
| 202212 | 25803383000.0000 | 14.31 | 12484793000.0000 | 4.31 | 5415100000.0000 | 1.63 | 4063834000.0000 | 1.32 |
| 202206 | 12408665000.0000 | 21.69 | 6200775000.0000 | 8.80 | 2919001000.0000 | 11.18 | 2189308000.0000 | 11.57 |
| 202112 | 22572281000.0000 | 56.13 | 11969098000.0000 | 68.71 | 5328237000.0000 | 137.04 | 4010881000.0000 | 136.14 |
| 202106 | 10196584000.0000 | 64.97 | 5699064000.0000 | 86.44 | 2625447000.0000 | 189.41 | 1962223000.0000 | 187.18 |
| 202012 | 14456971000.0000 | 4.23 | 7094344000.0000 | 4.24 | 2247865000.0000 | 21.08 | 1698484000.0000 | 13.30 |
| 202006 | 6180935000.0000 | -1.18 | 3056791000.0000 | -1.65 | 907181000.0000 | -7.46 | 683271000.0000 | -14.05 |
| 201912 | 13869630000.0000 | 31.95 | 6805462000.0000 | 34.69 | 1856546000.0000 | 118.33 | 1499139000.0000 | 109.59 |
| 201906 | 6254730000.0000 | 32.72 | 3107958000.0000 | 35.49 | 980302000.0000 | 199.40 | 794999000.0000 | 196.01 |
| 201812 | 10510898000.0000 | 18.45 | 5052774000.0000 | 20.98 | 850321000.0000 | 58.19 | 715263000.0000 | 38.84 |
| 201806 | 4712773000.0000 | 17.94 | 2293867000.0000 | 20.47 | 327423000.0000 | 33.69 | 268569000.0000 | 41.97 |
| 201712 | 8873912000.0000 | 10.71 | 4176483000.0000 | 12.72 | 537524000.0000 | 86.68 | 515155000.0000 | -19.91 |
| 201706 | 3996051000.0000 | 11.14 | 1904169000.0000 | 13.51 | 244906000.0000 | 176.46 | 189170000.0000 | 66.79 |
| 201612 | 8015293000.0000 | 13.06 | 3705228000.0000 | 16.05 | 287946000.0000 | 834.46 | 643254000.0000 | 4395.45 |
| 201606 | 3595635000.0000 | 12.84 | 1677541000.0000 | 16.40 | 88588000.0000 | -4792.16 | 113421000.0000 | -485.69 |
| 201512 | 7089495000.0000 | 17.24 | 3192659000.0000 | 17.47 | 30814000.0000 | -103.96 | 14309000.0000 | -101.83 |
| 201506 | 3186507000.0000 | 1.58 | 1441248000.0000 | 2.97 | -1888000.0000 | -99.63 | -29407000.0000 | -94.98 |
| 201412 | 6047195000.0000 | 3.83 | 2717759000.0000 | 4.77 | -777888000.0000 | 145.26 | -781481000.0000 | 99.59 |
| 201406 | 3137078000.0000 | 7.96 | 1399611000.0000 | 10.51 | -508103000.0000 | 293.35 | -585774000.0000 | 217.95 |
| 201312 | 5824110000.0000 | -12.77 | 2593976000.0000 | 3.17 | -317172000.0000 | -82.44 | -391540000.0000 | -80.22 |
| 201306 | 2905908000.0000 | -24.63 | 1266454000.0000 | -23.98 | -129172000.0000 | -239.78 | -184237000.0000 | -515.94 |
| 201212 | 6676441000.0000 | -25.22 | 2514300000.0000 | -37.80 | -1805919000.0000 | -429.92 | -1979114000.0000 | -612.97 |
| 201206 | 3855403000.0000 | -10.12 | 1665985000.0000 | -17.90 | 92412000.0000 | -77.56 | 44294000.0000 | -84.92 |
| 201112 | 8928526000.0000 | -5.80 | 4042086000.0000 | -9.81 | 547377000.0000 | -63.74 | 385813000.0000 | -65.19 |
| 201106 | 4289303000.0000 | -4.78 | 2029135000.0000 | -5.99 | 411863000.0000 | -47.92 | 293740000.0000 | -49.49 |
| 201012 | 9478527000.0000 | 13.02 | 4481599000.0000 | 12.89 | 1509514000.0000 | 17.64 | 1108487000.0000 | 17.36 |
| 201006 | 4504565000.0000 | 11.17 | 2158440000.0000 | 11.46 | 790781000.0000 | 21.61 | 581566000.0000 | 23.07 |
| 200912 | 8386910000.0000 | 25.36 | 3969864000.0000 | 23.27 | 1283130000.0000 | 38.08 | 944524000.0000 | 30.95 |
| 200906 | 4051855000.0000 | 32.38 | 1936560000.0000 | 30.65 | 650256000.0000 | 45.41 | 472540000.0000 | 41.59 |
| 200812 | 6690073000.0000 | 53.84 | 3220374000.0000 | 54.61 | 929238000.0000 | 50.23 | 721267000.0000 | 52.29 |
| 200806 | 3060768000.0000 | 60.30 | 1482194000.0000 | 59.30 | 447181000.0000 | 67.77 | 333732000.0000 | 68.32 |
| 200712 | 4348747000.0000 | 36.73 | 2082846000.0000 | 38.07 | 618532000.0000 | 54.19 | 473606000.0000 | 60.63 |
| 200706 | 1909431000.0000 | 39.18 | 930433000.0000 | 39.19 | 266540000.0000 | 53.78 | 198273000.0000 | 52.59 |
| 200612 | 3180543000.0000 | 29.79 | 1508552000.0000 | 33.95 | 401153000.0000 | 46.70 | 294846000.0000 | 57.84 |
| 200606 | 1371929000.0000 | 24.23 | 668445000.0000 | 25.97 | 173328000.0000 | 45.02 | 129939000.0000 | 65.92 |
| 200512 | 2450536000.0000 | 30.48 | 1126189000.0000 | 28.92 | 273451000.0000 | 50.88 | 186800000.0000 | 52.60 |
| 200506 | 1104307000.0000 | 40.02 | 530630000.0000 | 46.77 | 119524000.0000 | 37.36 | 78313000.0000 | 42.64 |
| 200412 | 1878102000.0000 | 47.16 | 873524000.0000 | 44.17 | 181239000.0000 | 58.20 | 122414000.0000 | 30.28 |
| 200406 | 788667000.0000 | 51.83 | 361545000.0000 | 52.00 | 87014000.0000 | 63.63 | 54903000.0000 | 46.12 |
| 200312 | 1276224000.0000 | 33.22 | 605919000.0000 | 40.96 | 114563000.0000 | 19.39 | 93960000.0000 | 40.47 |
| 200306 | 519442000.0000 | -- | 237859000.0000 | -- | 53178000.0000 | -- | 37573000.0000 | -- |
| 200212 | 958005000.0000 | 30.35 | 429857000.0000 | 49.67 | 95955000.0000 | 62.39 | 66889000.0000 | 34.80 |
| 200112 | 734935000.0000 | -- | 287199000.0000 | -- | 59090000.0000 | -- | 49620000.0000 | -- |
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) |
| 202312 | 48.38 | -- | 12.44 | 13.06 | 5.71 | -- | 0.81 |
| 202306 | 48.78 | -- | 8.17 | 8.36 | 3.39 | -- | 0.41 |
| 202212 | 48.38 | -- | 16.09 | 16.7 | 5.49 | -- | 0.77 |
| 202206 | 49.97 | -- | 9.40 | 9.88 | 3.14 | -- | 0.40 |
| 202112 | 53.03 | -- | 17.60 | 19.01 | 5.98 | -- | 0.75 |
| 202106 | 55.89 | -- | 14.87 | 18.99 | 3.44 | -- | 0.58 |
| 202012 | 49.07 | -- | 15.40 | 19.55 | 5.47 | -- | 0.99 |
| 202006 | 49.46 | -- | 7.17 | 9.01 | 2.09 | -- | 0.49 |
| 201912 | 49.07 | -- | 14.80 | 21.05 | 5.02 | -- | 1.11 |
| 201906 | 49.69 | -- | 9.01 | 12.31 | 2.38 | -- | 0.57 |
| 201812 | 48.07 | -- | 9.74 | 12.3 | 4.40 | -- | 1.20 |
| 201806 | 48.67 | -- | 4.07 | 4.97 | 2.09 | -- | 0.59 |
| 201712 | 47.06 | -- | 7.34 | 10.16 | 4.26 | -- | 1.21 |
| 201706 | 47.65 | -- | 3.53 | 3.98 | 2.09 | -- | 0.58 |
| 201612 | 46.23 | -- | 4.25 | 16.1 | 4.46 | -- | 1.18 |
| 201606 | 46.65 | -- | 1.30 | 3.44 | 1.86 | -- | 0.53 |
| 201512 | 45.03 | -- | 0.45 | 0.45 | 4.06 | -- | 1.03 |
| 201506 | 45.23 | -- | -0.03 | -0.94 | 1.55 | -- | 0.48 |
| 201412 | 44.94 | -- | -12.88 | -40.04 | 2.58 | -- | 1.00 |
| 201406 | 44.62 | -- | -8.87 | -27.4 | 1.59 | -- | 0.55 |
| 201312 | 44.54 | -- | -5.27 | -14.59 | 3.43 | -- | 0.97 |
| 201306 | 43.58 | -- | -2.07 | -6.4 | 1.95 | -- | 0.46 |
| 201212 | 37.66 | -- | -30.00 | -122.65 | 4.62 | -- | 1.11 |
| 201206 | 43.21 | -- | 1.22 | 1.22 | 1.92 | -- | 0.51 |
| 201112 | 45.27 | -- | 7.47 | 11.11 | 4.31 | -- | 1.22 |
| 201106 | 47.31 | -- | 6.13 | 8.42 | 2.28 | -- | 0.64 |
| 201012 | 47.28 | -- | 23.00 | 32.9 | 6.20 | -- | 1.44 |
| 201006 | 47.92 | -- | 13.69 | 18.96 | 3.84 | -- | 0.78 |
| 200912 | 47.33 | -- | 23.86 | 35.32 | 6.99 | -- | 1.56 |
| 200906 | 47.79 | -- | 13.07 | 20.56 | 3.26 | -- | 0.81 |
| 200812 | 48.14 | -- | 21.43 | 38.03 | 5.33 | -- | 1.54 |
| 200806 | 48.43 | -- | 11.45 | 17.59 | 2.84 | -- | 0.78 |
| 200712 | 47.90 | -- | 22.24 | 27.15 | 4.41 | -- | 1.56 |
| 200706 | 48.73 | -- | 11.48 | 12.91 | 2.32 | -- | 0.82 |
| 200612 | 47.43 | -- | 18.53 | 21.07 | 4.77 | -- | 1.47 |
| 200606 | 48.72 | -- | 9.63 | 10.38 | 2.38 | -- | 0.76 |
| 200512 | 45.96 | -- | 17.28 | 16.09 | 4.56 | -- | 1.55 |
| 200506 | 48.05 | -- | 8.81 | 7.45 | 1.97 | -- | 0.81 |
| 200412 | 46.51 | -- | 12.23 | 12.12 | 3.16 | -- | 1.27 |
| 200406 | 45.84 | -- | 6.61 | 6.53 | 1.49 | -- | 0.60 |
| 200312 | 47.48 | -- | 14.92 | 24.15 | 2.26 | -- | 1.66 |
| 200306 | 45.79 | -- | -- | -- | -- | -- | -- |
| 200212 | 44.87 | -- | 16.82 | 31.03 | 2.31 | -- | 1.68 |
| 200112 | 39.08 | -- | 12.08 | 33.37 | 2.49 | -- | 1.50 |
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 |
| 202312 | 28.65 | 71.35 | -- | -- |
| 202306 | 26.01 | 73.99 | -- | -- |
| 202212 | 27.68 | 72.32 | -- | -- |
| 202206 | 28.62 | 71.38 | -- | -- |
| 202112 | 30.29 | 69.71 | -- | -- |
| 202106 | 41.45 | 58.55 | -- | -- |
| 202012 | 40.46 | 59.54 | -- | -- |
| 202006 | 40.01 | 59.99 | -- | -- |
| 201912 | 43.22 | 56.78 | -- | -- |
| 201906 | 40.61 | 59.39 | -- | -- |
| 201812 | 33.32 | 66.68 | -- | -- |
| 201806 | 32.70 | 67.30 | -- | -- |
| 201712 | 30.70 | 69.30 | -- | -- |
| 201706 | 31.39 | 68.61 | -- | -- |
| 201612 | 41.05 | 58.95 | -- | -- |
| 201606 | 47.98 | 52.02 | -- | -- |
| 201512 | 50.55 | 49.45 | -- | -- |
| 201506 | 48.85 | 51.15 | -- | -- |
| 201412 | 64.08 | 35.92 | -- | -- |
| 201406 | 58.65 | 41.35 | -- | -- |
| 201312 | 51.94 | 48.06 | -- | -- |
| 201306 | 50.42 | 49.58 | -- | -- |
| 201212 | 69.89 | 30.11 | -- | -- |
| 201206 | 49.37 | 50.63 | -- | -- |
| 201112 | 50.00 | 50.00 | -- | -- |
| 201106 | 45.00 | 55.00 | -- | -- |
| 201012 | 45.76 | 54.24 | -- | -- |
| 201006 | 43.44 | 56.56 | -- | -- |
| 200912 | 46.78 | 53.22 | -- | -- |
| 200906 | 49.68 | 50.32 | -- | -- |
| 200812 | 51.83 | 48.17 | -- | -- |
| 200806 | 51.39 | 48.61 | -- | -- |
| 200712 | 37.26 | 62.74 | -- | -- |
| 200706 | 33.85 | 66.15 | -- | -- |
| 200612 | 34.55 | 65.45 | -- | -- |
| 200606 | 29.45 | 70.55 | -- | -- |
| 200512 | 25.56 | 74.44 | -- | -- |
| 200506 | 21.29 | 78.71 | -- | -- |
| 200412 | 30.66 | 69.34 | -- | -- |
| 200406 | 34.94 | 65.06 | -- | -- |
| 200312 | 47.26 | 52.74 | -- | -- |
| 200306 | -- | -- | -- | -- |
| 200212 | 59.19 | 40.81 | -- | -- |
| 200112 | 66.29 | 33.71 | -- | -- |
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) |
| 202312 | 14246436000.0000 | -- | 1256152000.0000 | -319110000.0000 |
| 202306 | 7180183000.0000 | -- | 590757000.0000 | -223704000.0000 |
| 202212 | 13318590000.0000 | -- | 1113218000.0000 | -327187000.0000 |
| 202206 | 6207890000.0000 | -- | 518104000.0000 | -173731000.0000 |
| 202112 | 10603183000.0000 | -- | 1110675000.0000 | -32639000.0000 |
| 202106 | 4497520000.0000 | -- | 437460000.0000 | -7463000.0000 |
| 202012 | 7362627000.0000 | -- | 805058000.0000 | 31591000.0000 |
| 202006 | 3124144000.0000 | -- | 346276000.0000 | 12494000.0000 |
| 201912 | 7064168000.0000 | -- | 968264000.0000 | 30132000.0000 |
| 201906 | 3146772000.0000 | -- | 450913000.0000 | 8239000.0000 |
| 201812 | 5458124000.0000 | -- | 679873000.0000 | -9511000.0000 |
| 201806 | 2418906000.0000 | -- | 297106000.0000 | -1496000.0000 |
| 201712 | 4697429000.0000 | -- | 512051000.0000 | -18040000.0000 |
| 201706 | 2091882000.0000 | -- | 229355000.0000 | -8268000.0000 |
| 201612 | 4310065000.0000 | -- | 424129000.0000 | 107575000.0000 |
| 201606 | 1918094000.0000 | -- | 202996000.0000 | 67482000.0000 |
| 201512 | 3896836000.0000 | -- | 346149000.0000 | 133203000.0000 |
| 201506 | 1745259000.0000 | -- | 157674000.0000 | 62416000.0000 |
| 201412 | 3329436000.0000 | -- | 627944000.0000 | 142178000.0000 |
| 201406 | 1737467000.0000 | -- | 494499000.0000 | 62375000.0000 |
| 201312 | 3230134000.0000 | -- | 235860000.0000 | 149997000.0000 |
| 201306 | 1639454000.0000 | -- | 157425000.0000 | 90378000.0000 |
| 201212 | 4162141000.0000 | -- | 1670210000.0000 | 201582000.0000 |
| 201206 | 2189418000.0000 | -- | 466759000.0000 | 87221000.0000 |
| 201112 | 4886440000.0000 | -- | 644641000.0000 | 82052000.0000 |
| 201106 | 2260168000.0000 | -- | 336605000.0000 | 30423000.0000 |
| 201012 | 4996928000.0000 | -- | 618280000.0000 | 37261000.0000 |
| 201006 | 2346125000.0000 | -- | 324508000.0000 | 22476000.0000 |
| 200912 | 4417046000.0000 | -- | 602929000.0000 | 58766000.0000 |
| 200906 | 2115295000.0000 | -- | 281165000.0000 | 35587000.0000 |
| 200812 | 3469699000.0000 | -- | 441842000.0000 | 30975000.0000 |
| 200806 | 1578574000.0000 | -- | 191257000.0000 | 5375000.0000 |
| 200712 | 2265901000.0000 | -- | 282357000.0000 | -8677000.0000 |
| 200706 | 978998000.0000 | -- | 148159000.0000 | 72000.0000 |
| 200612 | 1671991000.0000 | -- | 234730000.0000 | 1365000.0000 |
| 200606 | 703484000.0000 | -- | 123180000.0000 | -815000.0000 |
| 200512 | 1324347000.0000 | -- | 204168000.0000 | -1954000.0000 |
| 200506 | 573677000.0000 | -- | 96662000.0000 | -6355000.0000 |
| 200412 | 1004578000.0000 | -- | 160734000.0000 | -821000.0000 |
| 200406 | 427122000.0000 | -- | 56112000.0000 | 1957000.0000 |
| 200312 | 670305000.0000 | -- | 121049000.0000 | 4546000.0000 |
| 200306 | 281583000.0000 | -- | 52493000.0000 | 2551000.0000 |
| 200212 | 528148000.0000 | -- | 104561000.0000 | 7392000.0000 |
| 200112 | 447736000.0000 | -- | 88846000.0000 | 6111000.0000 |