中商官网
研究报告
碧桂园服务（HK6098）
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 （%) |
| 2024-06 | 21046154000.0000 | 1.51 | 4453398000.0000 | -13.65 | 2033757000.0000 | -37.77 | 1440367000.0000 | -38.74 |
| 2023-12 | 42611511000.0000 | 3.01 | 8731947000.0000 | -14.87 | 1079650000.0000 | -69.03 | 292335000.0000 | -84.96 |
| 2024-12 | 43992889000.0000 | 3.24 | 8400607000.0000 | -3.79 | 2706706000.0000 | 150.70 | 1808357000.0000 | 518.59 |
| 2023-06 | 20733133000.0000 | 3.38 | 5157675000.0000 | -4.26 | 3268247000.0000 | -8.47 | 2351168000.0000 | -8.72 |
| 2022-12 | 41366573000.0000 | 43.42 | 10257466000.0000 | 15.72 | 3485638000.0000 | -38.56 | 1943422000.0000 | -51.82 |
| 2021-06 | 11559848000.0000 | 84.33 | 3859739000.0000 | 65.47 | 3000527000.0000 | 65.43 | 2113001000.0000 | 60.70 |
| 2022-06 | 20055434000.0000 | 73.49 | 5386951000.0000 | 39.57 | 3570665000.0000 | 19.00 | 2575786000.0000 | 21.90 |
| 2021-12 | 28843011000.0000 | 84.89 | 8863997000.0000 | 67.25 | 5672839000.0000 | 52.71 | 4033395000.0000 | 50.16 |
| 2020-12 | 15600421000.0000 | 61.75 | 5299768000.0000 | 73.64 | 3714727000.0000 | 78.93 | 2686128000.0000 | 60.78 |
| 2020-06 | 6271278000.0000 | 78.38 | 2332547000.0000 | 69.28 | 1813789000.0000 | 81.80 | 1314838000.0000 | 60.96 |
| 2018-12 | 4675287000.0000 | 49.76 | 1761622000.0000 | 70.11 | 1069387000.0000 | 75.83 | 923154000.0000 | 129.79 |
| 2019-12 | 9644947000.0000 | 106.30 | 3052241000.0000 | 73.26 | 2076112000.0000 | 94.14 | 1670664000.0000 | 80.97 |
| 2019-06 | 3515687000.0000 | 74.41 | 1377928000.0000 | 75.30 | 997691000.0000 | 93.43 | 816891000.0000 | 73.41 |
| 2017-06 | 1414934000.0000 | -- | 486737000.0000 | -- | 295554000.0000 | -- | 202060000.0000 | -- |
| 2017-12 | 3121852000.0000 | 32.37 | 1035586000.0000 | 29.41 | 608197000.0000 | 25.06 | 401743000.0000 | 23.93 |
| 2018-06 | 2015771000.0000 | 42.46 | 786061000.0000 | 61.50 | 515791000.0000 | 74.52 | 471082000.0000 | 133.14 |
| 2015-12 | 1672464000.0000 | -- | 511237000.0000 | -- | 294913000.0000 | -- | 220453000.0000 | -- |
| 2016-12 | 2358449000.0000 | 41.02 | 800214000.0000 | 56.53 | 486332000.0000 | 64.91 | 324181000.0000 | 47.05 |
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) |
| 2024-06 | 21.16 | 9.8400 | 2.86 | 3.9300 | 43.77 | -- | 0.30 |
| 2023-12 | 20.49 | 2.6500 | 1.56 | 0.8100 | 65.62 | -- | 0.62 |
| 2024-12 | 19.10 | 6.1800 | 3.80 | 4.9400 | 58.04 | -- | 0.62 |
| 2023-06 | 24.88 | 15.6700 | 4.48 | 6.1400 | 48.58 | -- | 0.28 |
| 2022-12 | 24.80 | 8.3400 | 4.97 | 5.1900 | 114.90 | -- | 0.59 |
| 2021-06 | 33.39 | 25.9100 | 5.82 | 7.4100 | 49.52 | -- | 0.22 |
| 2022-06 | 26.86 | 17.6800 | 5.26 | 6.8000 | 78.34 | -- | 0.30 |
| 2021-12 | 30.73 | 19.5200 | 8.49 | 11.1500 | 94.91 | -- | 0.43 |
| 2020-12 | 33.97 | 23.5500 | 11.90 | 18.4400 | 75.24 | -- | 0.50 |
| 2020-06 | 37.19 | 28.8300 | 10.05 | 20.4000 | 130.88 | -- | 0.35 |
| 2018-12 | 37.68 | 22.8000 | 19.37 | 40.8300 | 344.40 | -- | 0.85 |
| 2019-12 | 31.65 | 21.4400 | 16.92 | 31.0900 | 472.83 | -- | 0.79 |
| 2019-06 | 39.19 | 28.3400 | 11.56 | 18.2700 | 245.61 | -- | 0.41 |
| 2017-06 | 34.40 | 20.8900 | -- | -- | -- | -- | -- |
| 2017-12 | 33.17 | 19.7400 | 17.49 | 28.2700 | 340.73 | -- | 0.90 |
| 2018-06 | 39.00 | 25.5900 | 13.31 | 26.2900 | 171.60 | -- | 0.52 |
| 2015-12 | 30.57 | 17.6300 | 20.56 | 38.1900 | 205.64 | -- | 1.17 |
| 2016-12 | 33.93 | 20.9100 | 19.71 | 31.8000 | 287.98 | -- | 0.96 |
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 |
| 2024-06 | 44.65 | 55.35 | 1.37 | 1.36 |
| 2023-12 | 43.99 | 56.01 | 1.36 | 1.34 |
| 2024-12 | 45.16 | 54.84 | 1.49 | 1.47 |
| 2023-06 | 44.06 | 55.94 | 1.41 | 1.40 |
| 2022-12 | 43.05 | 56.95 | 1.39 | 1.38 |
| 2021-06 | 40.88 | 59.12 | 1.85 | 1.84 |
| 2022-06 | 40.75 | 59.25 | 1.33 | 1.32 |
| 2021-12 | 42.57 | 57.43 | 1.26 | 1.25 |
| 2020-12 | 48.21 | 51.79 | 1.64 | 1.63 |
| 2020-06 | 62.41 | 37.59 | 1.43 | 1.42 |
| 2018-12 | 57.81 | 42.19 | 1.49 | 1.49 |
| 2019-12 | 53.71 | 46.29 | 1.59 | 1.59 |
| 2019-06 | 47.49 | 52.51 | 1.89 | 1.89 |
| 2017-06 | -- | -- | -- | -- |
| 2017-12 | 55.65 | 44.35 | 1.75 | 1.74 |
| 2018-06 | 53.08 | 46.92 | 1.83 | 1.83 |
| 2015-12 | 59.75 | 40.25 | 1.62 | 1.61 |
| 2016-12 | 56.10 | 43.90 | 1.73 | 1.73 |
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) |
| 2024/6/30 0:00:00 | 16592756000.0000 | -- | 1793880000.0000 | -3492000.0000 |
| 2023/12/31 0:00:00 | 33879564000.0000 | -- | 3866360000.0000 | -38181000.0000 |
| 2024/12/31 0:00:00 | 35592282000.0000 | -- | 4442718000.0000 | -48155000.0000 |
| 2023/6/30 0:00:00 | 15575458000.0000 | -- | 1815550000.0000 | -2444000.0000 |
| 2022/12/31 0:00:00 | 31109107000.0000 | -- | 4270325000.0000 | 72132000.0000 |
| 2021/6/30 0:00:00 | 7700109000.0000 | -- | 1224005000.0000 | 16292000.0000 |
| 2022/6/30 0:00:00 | 14668483000.0000 | -- | 1939072000.0000 | 80085000.0000 |
| 2021/12/31 0:00:00 | 19979014000.0000 | -- | 3259384000.0000 | 97848000.0000 |
| 2020/12/31 0:00:00 | 10300653000.0000 | -- | 1950478000.0000 | -43689000.0000 |
| 2020/6/30 0:00:00 | 3938731000.0000 | -- | 646436000.0000 | -51001000.0000 |
| 2018/12/31 0:00:00 | 2913665000.0000 | -- | 759735000.0000 | -53845000.0000 |
| 2019/12/31 0:00:00 | 6592706000.0000 | -- | 1207591000.0000 | -91900000.0000 |
| 2019/6/30 0:00:00 | 2137759000.0000 | -- | 465408000.0000 | -36390000.0000 |
| 2017/6/30 0:00:00 | 928197000.0000 | -- | 202284000.0000 | -7491000.0000 |
| 2017/12/31 0:00:00 | 2086266000.0000 | -- | 455272000.0000 | -34995000.0000 |
| 2018/6/30 0:00:00 | 1229710000.0000 | -- | 293594000.0000 | -12895000.0000 |
| 2015/12/31 0:00:00 | 1161227000.0000 | -- | 226070000.0000 | -1622000.0000 |
| 2016/12/31 0:00:00 | 1558235000.0000 | -- | 332871000.0000 | -15913000.0000 |