中商官网
研究报告
首创置业（HK2868）
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) |
| 2000 | 1469165000.0000 | 370201000.0000 | 285852000.0000 | 78603000.0000 | 2592771000.0000 | 1939835000.0000 | 652936000.0000 |
| 2001 | 1339638000.0000 | 330165000.0000 | 299617000.0000 | 169509000.0000 | 3993100000.0000 | 2680413000.0000 | 1312687000.0000 |
| 2002 | 2283672000.0000 | 508972000.0000 | 405245000.0000 | 218069000.0000 | 5463876000.0000 | 4029406000.0000 | 1434470000.0000 |
| 2003 | 1920522000.0000 | 510370000.0000 | 460207000.0000 | 255351000.0000 | 7833412000.0000 | 5040915000.0000 | 2792497000.0000 |
| 2004 | 1629332000.0000 | 414952000.0000 | 391776000.0000 | 260082000.0000 | 8772438000.0000 | 5969496000.0000 | 2802942000.0000 |
| 2005 | 1134769000.0000 | 259764000.0000 | 230559000.0000 | 211505000.0000 | 10058779000.0000 | 6873312000.0000 | 3185467000.0000 |
| 2006 | 2039352000.0000 | 355479000.0000 | 357371000.0000 | 266009000.0000 | 15386861000.0000 | 10720930000.0000 | 4665931000.0000 |
| 2007 | 4870929000.0000 | 1494905000.0000 | 1319768000.0000 | 526009000.0000 | 19803326000.0000 | 14045002000.0000 | 5758324000.0000 |
| 2008 | 5167098000.0000 | 1659589000.0000 | 1266520000.0000 | 382890000.0000 | 19067502000.0000 | 12908182000.0000 | 6159320000.0000 |
| 2009 | 5393150000.0000 | 1728151000.0000 | 1510295000.0000 | 538435000.0000 | 22421735000.0000 | 15744990000.0000 | 6676745000.0000 |
| 2010 | 6493795000.0000 | 2596435000.0000 | 1436156000.0000 | 918155000.0000 | 30513787000.0000 | 22883841000.0000 | 7629946000.0000 |
| 2011 | 7523321000.0000 | 2908904000.0000 | 1679407000.0000 | 998578000.0000 | 37794202000.0000 | 29482884000.0000 | 8311318000.0000 |
| 2012 | 9134054000.0000 | 2973716000.0000 | 1898986000.0000 | 1110925000.0000 | 47536488000.0000 | 37533477000.0000 | 10003011000.0000 |
| 2013 | 11320840000.0000 | 3765328000.0000 | 2624192000.0000 | 1522006000.0000 | 56190688000.0000 | 39962204000.0000 | 16228484000.0000 |
| 2014 | 10057967000.0000 | 3001442000.0000 | 2946181000.0000 | 1689741000.0000 | 78679556000.0000 | 57266030000.0000 | 21413526000.0000 |
| 2015 | 15994770000.0000 | 2914605000.0000 | 4008818000.0000 | 2079382000.0000 | 107471949000.0000 | 81814364000.0000 | 25657585000.0000 |
| 2016 | 20349404000.0000 | 3478834000.0000 | 3938468000.0000 | 2017558000.0000 | 119459640000.0000 | 91908938000.0000 | 27550702000.0000 |
| 2017 | 21292040000.0000 | 6076627000.0000 | 3839317000.0000 | 2016844000.0000 | 141421169000.0000 | 109489636000.0000 | 31931533000.0000 |
| 2018 | 23257053000.0000 | 6307610000.0000 | 3159963000.0000 | 1375013000.0000 | 169716823000.0000 | 131516141000.0000 | 38200682000.0000 |
| 2019 | 18749491000.0000 | 5035585000.0000 | 3570224000.0000 | 1316469000.0000 | 185269318000.0000 | 143228212000.0000 | 42041106000.0000 |
| 2020 | 20275252000.0000 | 4367167000.0000 | 1819053000.0000 | 37623000.0000 | 210549900000.0000 | 163219964000.0000 | 47329936000.0000 |
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) |
| 2000 | 25.20 | 19.7600 | 11.02 | 42.5500 | 1.07 | -- | 0.57 |
| 2001 | 24.65 | 22.3100 | 7.50 | 24.2700 | 0.57 | -- | 0.34 |
| 2002 | 22.29 | 18.0000 | 7.42 | 29.5100 | 1.02 | -- | 0.42 |
| 2003 | 26.57 | 24.0700 | 5.87 | 11.7100 | 0.42 | -- | 0.25 |
| 2004 | 25.47 | 21.1300 | 4.47 | 11.4300 | 2.54 | -- | 0.19 |
| 2005 | 22.89 | 11.2800 | 2.29 | 8.0900 | 0.57 | -- | 0.11 |
| 2006 | 17.43 | 13.8600 | 2.32 | 7.0500 | 0.48 | -- | 0.13 |
| 2007 | 30.69 | 25.8900 | 6.66 | 11.5200 | 0.50 | -- | 0.25 |
| 2008 | 32.12 | 24.1100 | 6.64 | 9.0100 | 0.45 | -- | 0.27 |
| 2009 | 32.04 | 27.7500 | 6.74 | 11.6400 | 0.44 | -- | 0.24 |
| 2010 | 39.98 | 21.7300 | 4.71 | 17.5700 | 0.25 | -- | 0.21 |
| 2011 | 38.67 | 22.2000 | 4.44 | 17.3700 | 0.20 | -- | 0.20 |
| 2012 | 32.56 | 20.7200 | 3.99 | 14.5900 | 0.26 | -- | 0.19 |
| 2013 | 33.26 | 21.4300 | 4.67 | 17.4800 | 0.25 | -- | 0.20 |
| 2014 | 29.84 | 28.5900 | 3.74 | 18.5300 | 0.14 | -- | 0.13 |
| 2015 | 18.22 | 23.4200 | 3.73 | 13.5500 | 0.22 | -- | 0.15 |
| 2016 | 17.10 | 18.7500 | 3.30 | 12.1100 | 0.26 | -- | 0.17 |
| 2017 | 28.54 | 18.0100 | 2.71 | 9.6300 | 0.23 | -- | 0.15 |
| 2018 | 27.12 | 13.5900 | 1.86 | 4.7200 | 0.22 | -- | 0.14 |
| 2019 | 26.86 | 18.9500 | 1.93 | 4.1300 | 0.16 | -- | 0.10 |
| 2020 | 21.54 | 8.8800 | 0.86 | 0.1300 | 0.16 | -- | 0.10 |
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 |
| 2000 | 74.82 | 25.18 | 1.11 | 0.43 |
| 2001 | 67.13 | 32.87 | 1.39 | 0.48 |
| 2002 | 73.75 | 26.25 | 1.12 | 0.52 |
| 2003 | 64.35 | 35.65 | 1.94 | 0.86 |
| 2004 | 68.05 | 31.95 | 1.09 | 0.97 |
| 2005 | 68.33 | 31.67 | 1.96 | 1.39 |
| 2006 | 69.68 | 30.32 | 1.90 | 1.23 |
| 2007 | 70.92 | 29.08 | 1.09 | 0.40 |
| 2008 | 67.70 | 32.30 | 1.75 | 0.66 |
| 2009 | 70.22 | 29.78 | 1.63 | 0.82 |
| 2010 | 75.00 | 25.00 | 1.76 | 0.76 |
| 2011 | 78.01 | 21.99 | 1.55 | 0.49 |
| 2012 | 78.96 | 21.04 | 1.73 | 0.64 |
| 2013 | 71.12 | 28.88 | 1.85 | 0.73 |
| 2014 | 72.78 | 27.22 | 1.99 | 0.55 |
| 2015 | 76.13 | 23.87 | 2.39 | 0.76 |
| 2016 | 76.94 | 23.06 | 1.97 | 0.62 |
| 2017 | 77.42 | 22.58 | 1.69 | 0.70 |
| 2018 | 77.49 | 22.51 | 2.16 | 0.97 |
| 2019 | 77.31 | 22.69 | 2.24 | 1.00 |
| 2020 | 77.52 | 22.48 | 1.84 | 0.73 |
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) |
| 2000 | 1098964000.0000 | -- | -- | 3651000.0000 |
| 2001 | 1009473000.0000 | -- | -- | 20001000.0000 |
| 2002 | 1774700000.0000 | -- | -- | 31213000.0000 |
| 2003 | 1410152000.0000 | -- | -- | 11146000.0000 |
| 2004 | 1214380000.0000 | -- | 98111000.0000 | 84840000.0000 |
| 2005 | 875005000.0000 | -- | 104328000.0000 | 75795000.0000 |
| 2006 | 1683873000.0000 | -- | 87125000.0000 | 119738000.0000 |
| 2007 | 3376024000.0000 | -- | 137971000.0000 | 134747000.0000 |
| 2008 | 3507509000.0000 | -- | 129477000.0000 | 177928000.0000 |
| 2009 | 3664999000.0000 | -- | 140806000.0000 | 189004000.0000 |
| 2010 | 3897360000.0000 | -- | 175280000.0000 | 36650000.0000 |
| 2011 | 4614417000.0000 | -- | 292295000.0000 | 18214000.0000 |
| 2012 | 6160338000.0000 | -- | 298175000.0000 | -93727000.0000 |
| 2013 | 7555512000.0000 | -- | 347545000.0000 | 271730000.0000 |
| 2014 | 7056525000.0000 | -- | 385908000.0000 | -133337000.0000 |
| 2015 | 13080165000.0000 | -- | 503753000.0000 | -52015000.0000 |
| 2016 | 16870570000.0000 | -- | 464252000.0000 | -58364000.0000 |
| 2017 | 15215413000.0000 | -- | 743866000.0000 | 1097256000.0000 |
| 2018 | 16949443000.0000 | -- | 1069626000.0000 | 2869242000.0000 |
| 2019 | 13713906000.0000 | -- | 1425045000.0000 | 3097009000.0000 |
| 2020 | 15908085000.0000 | -- | 909624000.0000 | 2326946000.0000 |