中商官网
研究报告
联邦制药（HK3933）
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 （%) |
| 2024-12 | 13758937000.0000 | 0.14 | 6082391000.0000 | -3.99 | 3288898000.0000 | -1.65 | 2659704000.0000 | -1.54 |
| 2024-06 | 7175804000.0000 | 3.90 | 3344365000.0000 | 4.08 | 1901702000.0000 | 17.96 | 1491404000.0000 | 16.11 |
| 2023-06 | 6906524000.0000 | 33.28 | 3213298000.0000 | 42.56 | 1612155000.0000 | 94.95 | 1284496000.0000 | 104.04 |
| 2023-12 | 13739879000.0000 | 21.22 | 6334837000.0000 | 27.49 | 3344148000.0000 | 66.64 | 2701350000.0000 | 70.85 |
| 2022-12 | 11334262000.0000 | 16.81 | 4968990000.0000 | 18.00 | 2006766000.0000 | 66.86 | 1581094000.0000 | 60.01 |
| 2022-06 | 5181925000.0000 | 9.81 | 2253965000.0000 | 7.54 | 826954000.0000 | 14.50 | 629517000.0000 | 1.03 |
| 2021-12 | 9703438000.0000 | 10.61 | 4211047000.0000 | 10.64 | 1202647000.0000 | 36.30 | 988098000.0000 | 40.56 |
| 2020-12 | 8772488000.0000 | 4.53 | 3806218000.0000 | 5.11 | 882334000.0000 | 4.83 | 702989000.0000 | 9.54 |
| 2020-06 | 4304591000.0000 | 5.25 | 1798005000.0000 | 4.47 | 325896000.0000 | -3.22 | 202836000.0000 | -31.46 |
| 2021-06 | 4719054000.0000 | 9.63 | 2095872000.0000 | 16.57 | 722204000.0000 | 121.61 | 623076000.0000 | 207.18 |
| 2018-12 | 7510586000.0000 | 10.02 | 3052140000.0000 | 22.17 | 793879000.0000 | 1051.37 | 682928000.0000 | 735.30 |
| 2019-12 | 8392600000.0000 | 11.74 | 3621264000.0000 | 18.65 | 841652000.0000 | 6.02 | 641764000.0000 | -6.03 |
| 2019-06 | 4090023000.0000 | 7.84 | 1721034000.0000 | 8.47 | 336756000.0000 | 125.71 | 295919000.0000 | 224.55 |
| 2017-12 | 6826645000.0000 | 12.32 | 2498217000.0000 | 15.52 | 68951000.0000 | -150.16 | 81758000.0000 | -130.02 |
| 2018-06 | 3792714000.0000 | 13.56 | 1586587000.0000 | 34.19 | 149199000.0000 | -1.95 | 91177000.0000 | -16.45 |
| 2017-06 | 3339798000.0000 | 12.68 | 1182359000.0000 | 9.05 | 152169000.0000 | 80.75 | 109129000.0000 | -909.56 |
| 2016-06 | 2964050000.0000 | -27.04 | 1084265000.0000 | -33.81 | 84189000.0000 | -67.54 | -13480000.0000 | -104.81 |
| 2016-12 | 6077944000.0000 | -21.01 | 2162624000.0000 | -26.97 | -137472000.0000 | -158.39 | -272363000.0000 | -346.80 |
| 2014-12 | 8029835000.0000 | 4.99 | 3228391000.0000 | 22.40 | 663546000.0000 | -26.38 | 681076000.0000 | 1317.82 |
| 2015-12 | 7694563000.0000 | -4.18 | 2961185000.0000 | -8.28 | 235422000.0000 | -64.52 | 110358000.0000 | -83.80 |
| 2015-06 | 4062365000.0000 | 9.76 | 1638082000.0000 | 6.30 | 259380000.0000 | -67.18 | 280279000.0000 | -60.52 |
| 2013-06 | 3745899000.0000 | 2.73 | 1146760000.0000 | 7.15 | 84290000.0000 | -63.17 | 42992000.0000 | -74.58 |
| 2014-06 | 3701221000.0000 | -1.19 | 1540952000.0000 | 34.37 | 790413000.0000 | 837.73 | 709906000.0000 | 1551.25 |
| 2013-12 | 7648443000.0000 | 8.93 | 2637661000.0000 | 24.58 | 901348000.0000 | 262.99 | 48037000.0000 | -70.34 |
| 2011-12 | 6405039000.0000 | -1.50 | 1828778000.0000 | -28.79 | 183189000.0000 | -84.25 | 104273000.0000 | -89.30 |
| 2012-12 | 7021624000.0000 | 9.63 | 2117286000.0000 | 15.78 | 248313000.0000 | 35.55 | 161977000.0000 | 55.34 |
| 2012-06 | 3646477000.0000 | 8.08 | 1070222000.0000 | -10.78 | 228847000.0000 | -38.13 | 169116000.0000 | -45.04 |
| 2011-06 | 3373885000.0000 | 9.57 | 1199497000.0000 | -3.99 | 369877000.0000 | -35.54 | 307682000.0000 | -36.41 |
| 2010-12 | 6502817000.0000 | 40.05 | 2568054000.0000 | 41.57 | 1163280000.0000 | 67.77 | 974157000.0000 | 79.92 |
| 2010-06 | 3079118000.0000 | 48.31 | 1249323000.0000 | 68.35 | 573846000.0000 | 185.78 | 483868000.0000 | 259.90 |
| 2009-06 | 2076173000.0000 | 5.30 | 742077000.0000 | -5.94 | 200800000.0000 | -45.43 | 134445000.0000 | -55.19 |
| 2009-12 | 4643177000.0000 | 23.63 | 1814018000.0000 | 26.89 | 693370000.0000 | 30.20 | 541443000.0000 | 25.87 |
| 2008-12 | 3755856000.0000 | 44.74 | 1429600000.0000 | 18.56 | 532530000.0000 | -4.62 | 430169000.0000 | -15.73 |
| 2008-06 | 1971720000.0000 | 62.15 | 788912000.0000 | 48.53 | 367975000.0000 | 75.70 | 300039000.0000 | 72.15 |
| 2007-12 | 2594937000.0000 | 24.73 | 1205785000.0000 | 63.76 | 558341000.0000 | 151.76 | 510463000.0000 | 193.64 |
| 2007-06 | 1215989000.0000 | 28.18 | 531151000.0000 | 54.75 | 209431000.0000 | 92.00 | 174294000.0000 | 108.32 |
| 2006-12 | 2080479000.0000 | 20.93 | 736299000.0000 | 22.77 | 221778000.0000 | 26.39 | 173838000.0000 | 49.13 |
| 2006-06 | 948626000.0000 | -- | 343241000.0000 | -- | 109081000.0000 | -- | 83666000.0000 | -- |
| 2004-12 | 1200104000.0000 | -- | 398548000.0000 | -- | 176276000.0000 | -- | 132111000.0000 | -- |
| 2005-12 | 1720442000.0000 | 43.36 | 599760000.0000 | 50.49 | 175471000.0000 | -0.46 | 116566000.0000 | -11.77 |
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) |
| 2024-12 | 44.21 | 23.9100 | 12.73 | 18.4900 | 3.15 | -- | 0.53 |
| 2024-06 | 46.61 | 26.5000 | 8.33 | 11.0300 | 1.61 | -- | 0.31 |
| 2023-06 | 46.53 | 23.3400 | 8.15 | 11.1400 | 1.69 | -- | 0.35 |
| 2023-12 | 46.11 | 24.3400 | 15.91 | 21.2100 | 3.31 | -- | 0.65 |
| 2022-12 | 43.84 | 17.7100 | 10.57 | 14.9000 | 2.94 | -- | 0.60 |
| 2022-06 | 43.50 | 15.9600 | 4.77 | 6.4600 | 1.32 | -- | 0.30 |
| 2021-12 | 43.40 | 12.3900 | 7.36 | 10.5800 | 2.74 | -- | 0.59 |
| 2020-12 | 43.39 | 10.0600 | 5.90 | 8.1600 | 3.48 | -- | 0.59 |
| 2020-06 | 41.77 | 7.5700 | 2.15 | 2.5900 | 1.63 | -- | 0.28 |
| 2021-06 | 44.41 | 15.3000 | 4.56 | 6.8500 | 1.59 | -- | 0.30 |
| 2018-12 | 40.64 | 10.5700 | 5.44 | 11.1600 | 3.04 | -- | 0.51 |
| 2019-12 | 43.15 | 10.0300 | 5.36 | 9.6200 | 3.03 | -- | 0.53 |
| 2019-06 | 42.08 | 8.2300 | 2.21 | 4.6800 | 1.55 | -- | 0.27 |
| 2017-12 | 36.60 | 1.0100 | 0.49 | 1.5000 | 3.69 | -- | 0.48 |
| 2018-06 | 41.83 | 3.9300 | 1.04 | 1.6500 | 1.59 | -- | 0.26 |
| 2017-06 | 35.40 | 4.5600 | 1.03 | 2.0000 | 1.95 | -- | 0.23 |
| 2016-06 | 36.58 | 2.8400 | 0.49 | -0.2100 | 1.35 | -- | 0.17 |
| 2016-12 | 35.58 | -2.2600 | -0.92 | -5.0900 | 4.06 | -- | 0.41 |
| 2014-12 | 40.20 | 8.2600 | 3.51 | 9.7700 | 3.39 | -- | 0.42 |
| 2015-12 | 38.48 | 3.0600 | 1.35 | 1.6400 | 3.34 | -- | 0.44 |
| 2015-06 | 40.32 | 6.3800 | 1.38 | 3.8700 | 1.47 | -- | 0.22 |
| 2013-06 | 30.61 | 2.2500 | 0.48 | 0.6900 | 1.72 | -- | 0.21 |
| 2014-06 | 41.63 | 21.3600 | 4.07 | 10.2200 | 1.27 | -- | 0.19 |
| 2013-12 | 34.49 | 11.7800 | 4.60 | 0.7400 | 3.94 | -- | 0.39 |
| 2011-12 | 28.55 | 2.8600 | 1.54 | 2.0100 | 2.98 | -- | 0.54 |
| 2012-12 | 30.15 | 3.5400 | 1.54 | 2.6600 | 2.70 | -- | 0.43 |
| 2012-06 | 29.35 | 6.2800 | 1.70 | 2.8200 | 1.74 | -- | 0.27 |
| 2011-06 | 35.55 | 10.9600 | 3.44 | 5.8200 | 1.40 | -- | 0.31 |
| 2010-12 | 39.49 | 17.8900 | 12.11 | 19.0600 | 3.15 | -- | 0.68 |
| 2010-06 | 40.57 | 18.6400 | 6.59 | 12.4000 | 1.70 | -- | 0.35 |
| 2009-06 | 35.74 | 9.6700 | 3.01 | 4.8300 | 2.09 | -- | 0.31 |
| 2009-12 | 39.07 | 14.9300 | 9.29 | 16.9600 | 3.20 | -- | 0.62 |
| 2008-12 | 38.06 | 14.1800 | 8.63 | 15.2700 | 3.01 | -- | 0.61 |
| 2008-06 | 40.01 | 18.6600 | 6.04 | 11.2100 | 1.43 | -- | 0.32 |
| 2007-12 | 46.47 | 21.5200 | 11.75 | 20.8100 | 2.52 | -- | 0.55 |
| 2007-06 | 43.68 | 17.2200 | 5.06 | 8.6000 | 1.66 | -- | 0.29 |
| 2006-12 | 35.39 | 10.7900 | 5.97 | 13.2500 | 3.91 | -- | 0.56 |
| 2006-06 | 36.18 | 11.7900 | -- | -- | -- | -- | -- |
| 2004-12 | 33.21 | 15.1100 | 7.09 | 14.9900 | 5.12 | -- | 0.48 |
| 2005-12 | 34.86 | 10.6800 | 5.27 | 11.5100 | 4.08 | -- | 0.52 |
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 |
| 2024-12 | 44.12 | 55.88 | 1.83 | 1.55 |
| 2024-06 | 40.53 | 59.47 | 2.04 | 1.72 |
| 2023-06 | 41.67 | 58.33 | 1.87 | 1.56 |
| 2023-12 | 39.35 | 60.65 | 2.08 | 1.74 |
| 2022-12 | 44.10 | 55.90 | 1.78 | 1.47 |
| 2022-06 | 43.82 | 56.18 | 1.60 | 1.28 |
| 2021-12 | 42.81 | 57.19 | 1.53 | 1.22 |
| 2020-12 | 42.45 | 57.55 | 1.69 | 1.40 |
| 2020-06 | 48.19 | 51.81 | 1.75 | 1.43 |
| 2021-06 | 42.65 | 57.35 | 1.67 | 1.37 |
| 2018-12 | 58.07 | 41.93 | 1.03 | 0.80 |
| 2019-12 | 57.50 | 42.50 | 1.35 | 1.11 |
| 2019-06 | 58.61 | 41.39 | 0.95 | 0.76 |
| 2017-12 | 61.44 | 38.56 | 1.20 | 0.96 |
| 2018-06 | 61.65 | 38.35 | 1.16 | 0.90 |
| 2017-06 | 63.05 | 36.95 | 1.03 | 0.83 |
| 2016-06 | 61.74 | 38.26 | 0.78 | 0.60 |
| 2016-12 | 64.27 | 35.73 | 0.86 | 0.71 |
| 2014-12 | 63.16 | 36.84 | 0.74 | 0.58 |
| 2015-12 | 61.40 | 38.60 | 0.68 | 0.51 |
| 2015-06 | 61.52 | 38.48 | 0.74 | 0.56 |
| 2013-06 | 64.47 | 35.53 | 0.71 | 0.56 |
| 2014-06 | 64.21 | 35.79 | 0.72 | 0.53 |
| 2013-12 | 66.93 | 33.07 | 0.66 | 0.53 |
| 2011-12 | 56.37 | 43.63 | 1.03 | 0.75 |
| 2012-12 | 62.24 | 37.76 | 0.75 | 0.54 |
| 2012-06 | 55.38 | 44.62 | 1.01 | 0.75 |
| 2011-06 | 50.90 | 49.10 | 1.00 | 0.71 |
| 2010-12 | 46.82 | 53.18 | 1.06 | 0.78 |
| 2010-06 | 55.18 | 44.82 | 1.01 | 0.75 |
| 2009-06 | 58.27 | 41.73 | 0.87 | 0.66 |
| 2009-12 | 57.20 | 42.80 | 0.77 | 0.56 |
| 2008-12 | 54.35 | 45.65 | 0.84 | 0.57 |
| 2008-06 | 56.11 | 43.89 | 1.07 | 0.77 |
| 2007-12 | 48.37 | 51.63 | 1.27 | 0.96 |
| 2007-06 | 51.01 | 48.99 | 1.23 | 1.00 |
| 2006-12 | 64.67 | 35.33 | 1.00 | 0.83 |
| 2006-06 | -- | -- | -- | -- |
| 2004-12 | 60.78 | 39.22 | 1.01 | 0.85 |
| 2005-12 | 66.23 | 33.77 | 0.85 | 0.70 |
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) |
| 2024/12/31 0:00:00 | 7676546000.0000 | -- | 1784869000.0000 | 34958000.0000 |
| 2024/6/30 0:00:00 | 3831439000.0000 | -- | 800850000.0000 | 25172000.0000 |
| 2023/6/30 0:00:00 | 3693226000.0000 | -- | 719366000.0000 | 38736000.0000 |
| 2023/12/31 0:00:00 | 7405042000.0000 | -- | 1547107000.0000 | 66896000.0000 |
| 2022/12/31 0:00:00 | 6365272000.0000 | -- | 703354000.0000 | 81595000.0000 |
| 2022/6/30 0:00:00 | 2927960000.0000 | -- | 587454000.0000 | 21802000.0000 |
| 2021/12/31 0:00:00 | 5492391000.0000 | -- | 698335000.0000 | 60231000.0000 |
| 2020/12/31 0:00:00 | 4966270000.0000 | -- | 742002000.0000 | 181273000.0000 |
| 2020/6/30 0:00:00 | 2506586000.0000 | -- | 490141000.0000 | 127047000.0000 |
| 2021/6/30 0:00:00 | 2623182000.0000 | -- | 539665000.0000 | 32361000.0000 |
| 2018/12/31 0:00:00 | 4458446000.0000 | -- | 646830000.0000 | 246897000.0000 |
| 2019/12/31 0:00:00 | 4771336000.0000 | -- | 740653000.0000 | 280838000.0000 |
| 2019/6/30 0:00:00 | 2368989000.0000 | -- | 478786000.0000 | 137957000.0000 |
| 2017/12/31 0:00:00 | 4328428000.0000 | -- | 596746000.0000 | 266735000.0000 |
| 2018/6/30 0:00:00 | 2206127000.0000 | -- | 428775000.0000 | 126125000.0000 |
| 2017/6/30 0:00:00 | 2157439000.0000 | -- | 343647000.0000 | 140031000.0000 |
| 2016/6/30 0:00:00 | 1879785000.0000 | -- | 330819000.0000 | 122494000.0000 |
| 2016/12/31 0:00:00 | 3915320000.0000 | -- | 608732000.0000 | 234497000.0000 |
| 2014/12/31 0:00:00 | 4801444000.0000 | -- | 719065000.0000 | 371961000.0000 |
| 2015/12/31 0:00:00 | 4733378000.0000 | -- | 733683000.0000 | 349508000.0000 |
| 2015/6/30 0:00:00 | 2424283000.0000 | -- | 404042000.0000 | 179331000.0000 |
| 2013/6/30 0:00:00 | 2599139000.0000 | -- | 315781000.0000 | 103063000.0000 |
| 2014/6/30 0:00:00 | 2160269000.0000 | -- | 355000000.0000 | 164552000.0000 |
| 2013/12/31 0:00:00 | 5010782000.0000 | -- | 556073000.0000 | 201146000.0000 |
| 2011/12/31 0:00:00 | 4576261000.0000 | -- | 460226000.0000 | 154749000.0000 |
| 2012/12/31 0:00:00 | 4904338000.0000 | -- | 590305000.0000 | 214931000.0000 |
| 2012/6/30 0:00:00 | 2576255000.0000 | -- | 321746000.0000 | 110206000.0000 |
| 2011/6/30 0:00:00 | 2174388000.0000 | -- | 237391000.0000 | 55303000.0000 |
| 2010/12/31 0:00:00 | 3934763000.0000 | -- | 359927000.0000 | 91818000.0000 |
| 2010/6/30 0:00:00 | 1829795000.0000 | -- | 151115000.0000 | 49334000.0000 |
| 2009/6/30 0:00:00 | 1334096000.0000 | -- | 126844000.0000 | 50072000.0000 |
| 2009/12/31 0:00:00 | 2829159000.0000 | -- | 291582000.0000 | 88490000.0000 |
| 2008/12/31 0:00:00 | 2326256000.0000 | -- | 240780000.0000 | 117181000.0000 |
| 2008/6/30 0:00:00 | 1182808000.0000 | -- | 105980000.0000 | 51687000.0000 |
| 2007/12/31 0:00:00 | 1389152000.0000 | -- | 173267000.0000 | 79961000.0000 |
| 2007/6/30 0:00:00 | 684838000.0000 | -- | 68941000.0000 | 40386000.0000 |
| 2006/12/31 0:00:00 | 1344180000.0000 | -- | 122956000.0000 | 85485000.0000 |
| 2006/6/30 0:00:00 | 605385000.0000 | -- | 54461000.0000 | 38285000.0000 |
| 2004/12/31 0:00:00 | 801556000.0000 | -- | 93952000.0000 | 18684000.0000 |
| 2005/12/31 0:00:00 | 1120682000.0000 | -- | 104938000.0000 | 47353000.0000 |