中商官网
研究报告
中国恒大（HK3333）
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 （%) |
| 202306 | 128181000000.0000 | 43.57 | 9796000000.0000 | 37.74 | -32412000000.0000 | -59.97 | -33012000000.0000 | -50.25 |
| 202212 | 230067000000.0000 | -7.98 | 24987000000.0000 | -235.45 | -112763000000.0000 | -83.87 | -105914000000.0000 | -77.75 |
| 202206 | 89281000000.0000 | -42.06 | 7112000000.0000 | -184.82 | -80968000000.0000 | 244.97 | -66350000000.0000 | 124.31 |
| 202112 | 250013000000.0000 | -50.71 | -18448000000.0000 | -114.94 | -698895000000.0000 | -1124.10 | -476035000000.0000 | -5994.44 |
| 202106 | 154082000000.0000 | -42.21 | -8385000000.0000 | -112.57 | -23471000000.0000 | -163.74 | -29580000000.0000 | -552.29 |
| 202012 | 507248000000.0000 | 6.22 | 123504000000.0000 | -7.10 | 68245000000.0000 | -7.99 | 8076000000.0000 | -53.26 |
| 202006 | 266631000000.0000 | 17.47 | 66682000000.0000 | -13.69 | 36825000000.0000 | -27.73 | 6540000000.0000 | -56.15 |
| 201912 | 477561000000.0000 | 2.44 | 132937000000.0000 | -21.31 | 74172000000.0000 | -41.49 | 17280000000.0000 | -53.78 |
| 201906 | 226976000000.0000 | -24.43 | 77256000000.0000 | -29.03 | 50956000000.0000 | -45.32 | 14915000000.0000 | -51.58 |
| 201812 | 466196000000.0000 | 49.89 | 168947000000.0000 | 50.49 | 126765000000.0000 | 63.62 | 37390000000.0000 | 53.41 |
| 201806 | 300348000000.0000 | 59.78 | 108859000000.0000 | 61.74 | 93190000000.0000 | 92.77 | 30805000000.0000 | 63.56 |
| 201712 | 311022000000.0000 | 47.09 | 112262000000.0000 | 88.92 | 77473000000.0000 | 110.17 | 24372000000.0000 | 378.73 |
| 201706 | 187981000000.0000 | 114.84 | 67304000000.0000 | 171.72 | 48343000000.0000 | 237.19 | 18834000000.0000 | 833.76 |
| 201612 | 211444000000.0000 | 58.83 | 59422000000.0000 | 58.83 | 36862000000.0000 | 17.23 | 5091000000.0000 | -51.33 |
| 201606 | 87498000000.0000 | 12.55 | 24770000000.0000 | 12.23 | 14337000000.0000 | -34.59 | 2017000000.0000 | -78.60 |
| 201512 | 133130000000.0000 | 19.51 | 37413000000.0000 | 17.71 | 31445000000.0000 | 0.81 | 10460000000.0000 | -17.01 |
| 201506 | 77743000000.0000 | 22.75 | 22070000000.0000 | 21.97 | 21918000000.0000 | 32.39 | 9427000000.0000 | 32.89 |
| 201412 | 111398000000.0000 | 18.92 | 31784000000.0000 | 14.96 | 31191000000.0000 | 22.82 | 12604000000.0000 | -0.06 |
| 201406 | 63336747000.0000 | 50.97 | 18094633000.0000 | 58.00 | 16555349000.0000 | 46.50 | 7093578000.0000 | 13.73 |
| 201312 | 93671780000.0000 | 43.53 | 27648758000.0000 | 51.83 | 25396360000.0000 | 54.01 | 12611778000.0000 | 37.52 |
| 201306 | 41952314000.0000 | 13.26 | 11452017000.0000 | 8.05 | 11300906000.0000 | 8.81 | 6237273000.0000 | 10.14 |
| 201212 | 65260838000.0000 | 5.40 | 18210367000.0000 | -11.63 | 16489801000.0000 | -19.07 | 9170837000.0000 | -19.01 |
| 201206 | 37041343000.0000 | 15.54 | 10598376000.0000 | -5.68 | 10385456000.0000 | -0.28 | 5662819000.0000 | 1.07 |
| 201112 | 61918185000.0000 | 35.19 | 20607627000.0000 | 54.14 | 20374848000.0000 | 44.58 | 11323663000.0000 | 49.22 |
| 201106 | 32058058000.0000 | 57.41 | 11236723000.0000 | 127.15 | 10414239000.0000 | 135.65 | 5602961000.0000 | 140.61 |
| 201012 | 45801401000.0000 | 700.35 | 13369169000.0000 | 586.88 | 14092711000.0000 | 874.48 | 7588786000.0000 | 625.21 |
| 201006 | 20366292000.0000 | 1145.55 | 4946780000.0000 | 807.09 | 4419324000.0000 | 767.13 | 2328682000.0000 | 365.58 |
| 200912 | 5722657000.0000 | 58.66 | 1946349000.0000 | 31.30 | 1446175000.0000 | 49.65 | 1046428000.0000 | 99.41 |
| 200906 | 1635130000.0000 | -35.25 | 545348000.0000 | -41.99 | 509652000.0000 | -56.25 | 500172000.0000 | -34.18 |
| 200812 | 3606791000.0000 | 13.90 | 1482371000.0000 | 21.36 | 966388000.0000 | -36.29 | 524760000.0000 | -51.48 |
| 200806 | 2525413000.0000 | -- | 940134000.0000 | -- | 1165044000.0000 | -- | 759883000.0000 | -- |
| 200712 | 3166692000.0000 | 59.67 | 1221431000.0000 | 119.28 | 1516870000.0000 | 156.86 | 1081533000.0000 | 232.31 |
| 200612 | 1983304000.0000 | -- | 557026000.0000 | -- | 590533000.0000 | -- | 325459000.0000 | -- |
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) |
| 202306 | 7.64 | -- | -1.86 | 5.99 | 0.10 | -- | 0.07 |
| 202212 | 10.86 | -- | -6.13 | 21.21 | 0.17 | -- | 0.13 |
| 202206 | 7.97 | -- | -4.23 | 14.52 | 0.06 | -- | 0.05 |
| 202112 | -7.38 | -- | -33.17 | 121.64 | 0.18 | -- | 0.12 |
| 202106 | -5.44 | -- | -0.99 | -15.5 | 0.11 | -- | 0.06 |
| 202012 | 24.35 | -- | 2.97 | 5.5 | 0.27 | -- | 0.22 |
| 202006 | 25.01 | -- | 1.60 | 5.02 | 0.14 | -- | 0.12 |
| 201912 | 27.84 | -- | 3.36 | 11.86 | 0.26 | -- | 0.22 |
| 201906 | 34.04 | -- | 2.43 | 10.2 | 0.13 | -- | 0.11 |
| 201812 | 36.24 | -- | 6.74 | 28.11 | 0.27 | -- | 0.25 |
| 201806 | 36.24 | -- | 5.27 | 21.13 | 0.20 | -- | 0.17 |
| 201712 | 36.09 | -- | 4.40 | 21.24 | 0.21 | -- | 0.18 |
| 201706 | 35.80 | -- | 3.24 | 18.64 | 0.15 | -- | 0.13 |
| 201612 | 28.10 | -- | 2.73 | 11.51 | 0.23 | -- | 0.16 |
| 201606 | 28.31 | -- | 1.43 | 4.28 | 0.13 | -- | 0.09 |
| 201512 | 28.10 | -- | 4.15 | 20.51 | 0.25 | -- | 0.18 |
| 201506 | 28.39 | -- | 4.06 | 16.24 | 0.19 | -- | 0.14 |
| 201412 | 28.53 | -- | 6.57 | 24.66 | 0.32 | -- | 0.23 |
| 201406 | 28.57 | -- | 3.93 | 15.41 | 0.21 | -- | 0.15 |
| 201312 | 29.52 | -- | 7.29 | 25.96 | 0.36 | -- | 0.27 |
| 201306 | 27.30 | -- | 4.12 | 13.02 | 0.20 | -- | 0.15 |
| 201212 | 27.90 | -- | 6.90 | 23.97 | 0.32 | -- | 0.27 |
| 201206 | 28.61 | -- | 5.24 | 16.36 | 0.23 | -- | 0.19 |
| 201112 | 33.28 | -- | 11.38 | 35.43 | 0.41 | -- | 0.35 |
| 201106 | 35.05 | -- | 7.03 | 20.43 | 0.27 | -- | 0.22 |
| 201012 | 29.19 | -- | 13.49 | 36.78 | 0.59 | -- | 0.44 |
| 201006 | 24.29 | -- | 5.56 | 15.33 | 0.73 | -- | 0.26 |
| 200912 | 34.01 | -- | 2.29 | 8.14 | 0.10 | -- | 0.09 |
| 200906 | 33.35 | -- | 1.40 | 5.71 | 0.07 | -- | 0.04 |
| 200812 | 41.10 | -- | 3.39 | 6.35 | 0.11 | -- | 0.13 |
| 200806 | 37.23 | -- | -- | -- | -- | -- | -- |
| 200712 | 38.57 | -- | 7.09 | 169.6 | 0.46 | -- | 0.15 |
| 200612 | 28.09 | -- | 7.58 | -64.02 | 1.04 | -- | 0.25 |
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 |
| 202306 | 136.94 | -36.94 | -- | -- |
| 202212 | 132.59 | -32.59 | -- | -- |
| 202206 | 129.13 | -29.13 | -- | -- |
| 202112 | 122.45 | -22.45 | -- | -- |
| 202106 | 82.71 | 17.29 | -- | -- |
| 202012 | 84.77 | 15.23 | -- | -- |
| 202006 | 86.24 | 13.76 | -- | -- |
| 201912 | 83.75 | 16.25 | -- | -- |
| 201906 | 83.55 | 16.45 | -- | -- |
| 201812 | 83.58 | 16.42 | -- | -- |
| 201806 | 81.66 | 18.34 | -- | -- |
| 201712 | 86.25 | 13.75 | -- | -- |
| 201706 | 88.74 | 11.26 | -- | -- |
| 201612 | 85.75 | 14.25 | -- | -- |
| 201606 | 81.79 | 18.21 | -- | -- |
| 201512 | 81.22 | 18.78 | -- | -- |
| 201506 | 77.61 | 22.39 | -- | -- |
| 201412 | 76.31 | 23.69 | -- | -- |
| 201406 | 76.79 | 23.21 | -- | -- |
| 201312 | 77.21 | 22.79 | -- | -- |
| 201306 | 78.88 | 21.12 | -- | -- |
| 201212 | 82.56 | 17.44 | -- | -- |
| 201206 | 81.66 | 18.34 | -- | -- |
| 201112 | 80.94 | 19.06 | -- | -- |
| 201106 | 80.24 | 19.76 | -- | -- |
| 201012 | 79.54 | 20.46 | -- | -- |
| 201006 | 80.29 | 19.71 | -- | -- |
| 200912 | 79.14 | 20.86 | -- | -- |
| 200906 | 75.29 | 24.71 | -- | -- |
| 200812 | 69.91 | 30.09 | -- | -- |
| 200806 | -- | -- | -- | -- |
| 200712 | 96.02 | 3.98 | -- | -- |
| 200612 | 106.52 | -6.52 | -- | -- |
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) |
| 202306 | 118385000000.0000 | -- | 3763000000.0000 | 19726000000.0000 |
| 202212 | 205080000000.0000 | -- | 6678000000.0000 | 47482000000.0000 |
| 202206 | 82169000000.0000 | -- | 5598000000.0000 | 42150000000.0000 |
| 202112 | 268461000000.0000 | -- | 16527000000.0000 | 41623000000.0000 |
| 202106 | 162467000000.0000 | -- | 8781000000.0000 | 4573000000.0000 |
| 202012 | 383744000000.0000 | -- | 21064000000.0000 | 2240000000.0000 |
| 202006 | 199949000000.0000 | -- | 9050000000.0000 | 10772000000.0000 |
| 201912 | 344624000000.0000 | -- | 19811000000.0000 | 22763000000.0000 |
| 201906 | 149720000000.0000 | -- | 8907000000.0000 | 8955000000.0000 |
| 201812 | 297249000000.0000 | -- | 14813000000.0000 | 14623000000.0000 |
| 201806 | 191489000000.0000 | -- | 6458000000.0000 | 6219000000.0000 |
| 201712 | 198760000000.0000 | -- | 12176000000.0000 | 7917000000.0000 |
| 201706 | 120677000000.0000 | -- | 5430000000.0000 | 5151000000.0000 |
| 201612 | 152022000000.0000 | -- | 9598000000.0000 | 11301000000.0000 |
| 201606 | 62728000000.0000 | -- | 3664000000.0000 | 1782000000.0000 |
| 201512 | 95717000000.0000 | -- | 6139000000.0000 | 2994000000.0000 |
| 201506 | 55673000000.0000 | -- | 2977000000.0000 | 607000000.0000 |
| 201412 | 79614000000.0000 | -- | 4039000000.0000 | 1015000000.0000 |
| 201406 | 45242114000.0000 | -- | 1939506000.0000 | 224984000.0000 |
| 201312 | 66023022000.0000 | -- | 3472494000.0000 | -352618000.0000 |
| 201306 | 30500297000.0000 | -- | 1243705000.0000 | -118285000.0000 |
| 201212 | 47050471000.0000 | -- | 2600664000.0000 | 33056000.0000 |
| 201206 | 26442967000.0000 | -- | 1051652000.0000 | 63725000.0000 |
| 201112 | 41310558000.0000 | -- | 2161218000.0000 | -448598000.0000 |
| 201106 | 20821335000.0000 | -- | 935102000.0000 | -198892000.0000 |
| 201012 | 32432232000.0000 | -- | 1384263000.0000 | -271798000.0000 |
| 201006 | 15419512000.0000 | -- | 542392000.0000 | -48314000.0000 |
| 200912 | 3776308000.0000 | -- | 744960000.0000 | -193694000.0000 |
| 200906 | 1089782000.0000 | -- | 349034000.0000 | -134033000.0000 |
| 200812 | 2124420000.0000 | -- | 545273000.0000 | -120523000.0000 |
| 200806 | 1585279000.0000 | -- | 218146000.0000 | -151665000.0000 |
| 200712 | 1945261000.0000 | -- | 470579000.0000 | -118765000.0000 |
| 200612 | 1426278000.0000 | -- | 150964000.0000 | 55809000.0000 |