中商官网
研究报告
百济神州（HK6160）
主要经济指标
| 类别\年份 | 营业额 （美元) |
营业额同比 （%) |
营业利润 （美元) |
营业利润同比 （%) |
利润总额 （美元) |
利润总额同比 （%) |
净利润 （美元) |
净利润同比 （%) |
| 2025-03 | 1117279000.0000 | 48.64 | 952277000.0000 | 51.95 | 20900000.0000 | -108.59 | 1270000.0000 | -100.51 |
| 2024-06 | 1680818000.0000 | 61.14 | 1417751000.0000 | 63.85 | -349346000.0000 | -50.41 | -371555000.0000 | -49.07 |
| 2024-12 | 3810241000.0000 | 54.96 | 3216152000.0000 | 54.71 | -533001000.0000 | -35.46 | -644786000.0000 | -26.87 |
| 2024-09 | 2682417000.0000 | 47.03 | 2248888000.0000 | 45.06 | -447650000.0000 | -5.77 | -492905000.0000 | -4.13 |
| 2024-03 | 751652000.0000 | 67.85 | 626717000.0000 | 71.23 | -243426000.0000 | -27.75 | -251150000.0000 | -27.92 |
| 2023-12 | 2458779000.0000 | 73.65 | 2078859000.0000 | 84.06 | -825836000.0000 | -57.89 | -881708000.0000 | -56.00 |
| 2023-09 | 1824370000.0000 | 76.13 | 1550282000.0000 | 88.40 | -475064000.0000 | -68.95 | -514155000.0000 | -67.01 |
| 2023-03 | 447801000.0000 | 46.04 | 366012000.0000 | 51.63 | -336939000.0000 | -20.01 | -348431000.0000 | -19.94 |
| 2023-06 | 1043062000.0000 | 60.92 | 865283000.0000 | 69.07 | -704402000.0000 | -28.04 | -729568000.0000 | -27.11 |
| 2022-09 | 1035826000.0000 | 7.64 | 822873000.0000 | -2.73 | -1530072000.0000 | 79.63 | -1558480000.0000 | 79.73 |
| 2022-12 | 1415921000.0000 | 20.37 | 1129446000.0000 | 11.67 | -1961037000.0000 | 36.32 | -2003815000.0000 | 37.45 |
| 2022-06 | 648198000.0000 | -14.24 | 511788000.0000 | -25.49 | -978834000.0000 | 133.78 | -1000924000.0000 | 141.86 |
| 2021-12 | 1176283000.0000 | 280.83 | 1011377000.0000 | 324.56 | -1438588000.0000 | -11.10 | -1457816000.0000 | -8.71 |
| 2021-09 | 962304000.0000 | 360.93 | 845943000.0000 | 431.39 | -851784000.0000 | -25.03 | -867138000.0000 | -22.86 |
| 2022-03 | 306626000.0000 | -49.39 | 241389000.0000 | -57.89 | -421249000.0000 | -780.92 | -435198000.0000 | -754.48 |
| 2021-06 | 755864000.0000 | 542.23 | 686916000.0000 | 669.76 | -418706000.0000 | -40.29 | -413846000.0000 | -40.79 |
| 2020-12 | 308874000.0000 | -27.87 | 238217000.0000 | -33.28 | -1618194000.0000 | 71.49 | -1596906000.0000 | 68.34 |
| 2021-03 | 605872000.0000 | 1063.82 | 573187000.0000 | 1411.97 | 61865000.0000 | -117.02 | 66495000.0000 | -118.28 |
| 2020-06 | 117694000.0000 | -63.36 | 89238000.0000 | -72.22 | -701178000.0000 | 178.94 | -698937000.0000 | 176.03 |
| 2020-09 | 208774000.0000 | -43.78 | 159195000.0000 | -49.96 | -1136218000.0000 | 101.72 | -1124161000.0000 | 100.54 |
| 2019-09 | 371320000.0000 | 166.08 | 318114000.0000 | 165.01 | -563252000.0000 | 35.86 | -560567000.0000 | 38.24 |
| 2019-12 | 428212000.0000 | 116.03 | 357022000.0000 | 110.61 | -943586000.0000 | 36.79 | -948628000.0000 | 40.79 |
| 2020-03 | 52059000.0000 | -33.11 | 37910000.0000 | -39.41 | -363385000.0000 | 116.88 | -363735000.0000 | 116.97 |
| 2018-12 | 198220000.0000 | -16.85 | 169515000.0000 | -27.38 | -689829000.0000 | 657.52 | -673769000.0000 | 623.67 |
| 2019-06 | 321179000.0000 | 276.32 | 321179000.0000 | 276.32 | -251375000.0000 | -6.76 | -253210000.0000 | -3.16 |
| 2019-03 | 77833000.0000 | 139.16 | 62572000.0000 | 123.52 | -167550000.0000 | 54.38 | -167640000.0000 | 60.27 |
| 2018-06 | 85348000.0000 | -- | 85348000.0000 | -- | -269611000.0000 | -- | -261483000.0000 | -- |
| 2018-09 | 139550000.0000 | -36.63 | 120038000.0000 | -45.00 | -414575000.0000 | -12659.07 | -405514000.0000 | -6621.61 |
| 2018-03 | 32544000.0000 | -- | 27994000.0000 | -- | -108528000.0000 | -- | -104596000.0000 | -- |
| 2017-12 | 238387000.0000 | 22179.16 | 233413000.0000 | 21714.30 | -91064000.0000 | -23.58 | -93105000.0000 | -21.90 |
| 2017-09 | 220213000.0000 | -- | 218269000.0000 | -- | 3301000.0000 | -- | 6218000.0000 | -- |
| 2017-06 | -- | -- | -- | -- | -110922000.0000 | -- | -111168000.0000 | -- |
| 2016-12 | 1070000.0000 | -- | 1070000.0000 | -- | -119163000.0000 | -- | -119217000.0000 | -- |
| 2017-03 | -- | -- | -- | -- | -50443000.0000 | -- | -50623000.0000 | -- |
| 2025-06 | 2432579000.0000 | 44.73 | 2102971000.0000 | 48.33 | 120449000.0000 | -134.48 | 95590000.0000 | -125.73 |
| 2025-09 | 3844863000.0000 | 43.34 | 3318745000.0000 | 47.57 | 267613000.0000 | -159.78 | 220431000.0000 | -144.72 |
| 2025-12 | 5343033000.0000 | 40.23 | 4674493000.0000 | 45.34 | 416854000.0000 | -178.21 | 286933000.0000 | -144.50 |
| 2026-03 | 1513438000.0000 | 35.46 | 1346223000.0000 | 41.37 | 259215000.0000 | 1140.26 | 227357000.0000 | 17802.13 |
| 2026-06 | 3218509000.0000 | 32.31 | 2876764000.0000 | 36.80 | 571674000.0000 | 374.62 | -- | -100.00 |
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) |
| 2025-03 | 85.23 | 1.8700 | 0.36 | 0.0400 | 0.33 | -- | 0.19 |
| 2024-06 | 84.35 | -20.7800 | -6.12 | -11.0400 | 0.59 | -- | 0.29 |
| 2024-12 | 84.41 | -13.9900 | -9.00 | -19.3500 | 1.20 | -- | 0.64 |
| 2024-09 | 83.84 | -16.6900 | -7.68 | -- | 1.00 | -- | 0.46 |
| 2024-03 | 83.38 | -32.3900 | -4.29 | -- | 0.28 | -- | 0.13 |
| 2023-12 | 84.55 | -33.5900 | -14.23 | -24.9300 | 0.91 | -- | 0.42 |
| 2023-09 | 84.98 | -26.0400 | -8.60 | -- | 0.86 | -- | 0.33 |
| 2023-03 | 81.74 | -75.2400 | -5.66 | -8.3800 | 0.28 | -- | 0.08 |
| 2023-06 | 82.96 | -67.5300 | -12.30 | -19.2100 | 0.55 | -- | 0.18 |
| 2022-09 | 79.44 | -147.7200 | -22.75 | -- | 0.73 | -- | 0.15 |
| 2022-12 | 79.77 | -138.5000 | -30.74 | -45.7100 | 1.01 | -- | 0.22 |
| 2022-06 | 78.96 | -151.0100 | -13.27 | -18.8800 | 0.52 | -- | 0.09 |
| 2021-12 | 85.98 | -122.3000 | -16.85 | -23.7700 | 0.68 | -- | 0.14 |
| 2021-09 | 87.91 | -88.5200 | -16.11 | -- | -- | -- | 0.18 |
| 2022-03 | 78.72 | -137.3800 | -5.25 | -7.3900 | -- | -- | 0.04 |
| 2021-06 | 90.88 | -55.3900 | -7.58 | -11.4700 | 0.59 | -- | 0.14 |
| 2020-12 | 77.12 | -523.9000 | -28.89 | -41.2700 | 0.79 | -- | 0.06 |
| 2021-03 | 94.61 | 10.2100 | 1.06 | 1.6600 | -- | -- | 0.10 |
| 2020-06 | 75.82 | -595.7600 | -17.96 | -27.5600 | 0.86 | -- | 0.03 |
| 2020-09 | 76.25 | -544.2300 | -20.41 | -26.2200 | -- | -- | 0.04 |
| 2019-09 | 85.67 | -151.6900 | -29.94 | -43.8500 | -- | -- | 0.20 |
| 2019-12 | 83.38 | -220.3500 | -58.52 | -98.5900 | 2.49 | -- | 0.27 |
| 2020-03 | 72.82 | -698.0300 | -8.93 | -12.9300 | -- | -- | 0.01 |
| 2018-12 | 85.52 | -348.0100 | -30.66 | -38.7400 | 1.77 | -- | 0.09 |
| 2019-06 | 100.00 | -78.2700 | -11.69 | -16.3000 | 0.00 | -- | 0.15 |
| 2019-03 | 80.39 | -215.2700 | -7.71 | -10.4200 | -- | -- | 0.04 |
| 2018-06 | 100.00 | -315.9000 | -16.30 | -21.5500 | 0.00 | -- | 0.05 |
| 2018-09 | 86.02 | -297.0800 | -17.21 | -20.5800 | -- | -- | 0.06 |
| 2018-03 | 86.02 | -333.4800 | -6.35 | -7.7800 | 0.61 | -- | 0.02 |
| 2017-12 | 97.91 | -38.2000 | -8.70 | -13.9000 | 0.46 | -- | 0.23 |
| 2017-09 | 99.12 | 1.5000 | -- | -- | -- | -- | -- |
| 2017-06 | -- | -- | -- | -- | -- | -- | -- |
| 2016-12 | 100.00 | -11136.7300 | -29.36 | -33.7800 | -- | -- | 0.00 |
| 2017-03 | -- | -- | -- | -- | -- | -- | -- |
| 2025-06 | 86.45 | 4.9500 | 1.91 | 2.5400 | 0.66 | -- | 0.39 |
| 2025-09 | 86.32 | 6.9600 | 3.51 | -- | 0.99 | -- | 0.50 |
| 2025-12 | 87.49 | 7.8000 | 5.09 | 6.5800 | 1.10 | -- | 0.65 |
| 2026-03 | 88.95 | 17.1300 | 3.03 | 4.7800 | 0.25 | -- | 0.18 |
| 2026-06 | 89.38 | -- | 6.23 | -- | -- | -- | 0.35 |
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 |
| 2025-03 | 40.09 | 59.91 | 1.76 | 1.53 |
| 2024-06 | 41.07 | 58.93 | 1.98 | 1.75 |
| 2024-12 | 43.72 | 56.28 | 1.67 | 1.46 |
| 2024-09 | 41.07 | 58.93 | -- | -- |
| 2024-03 | 40.71 | 59.29 | -- | -- |
| 2023-12 | 39.07 | 60.93 | 2.32 | 2.09 |
| 2023-09 | 31.89 | 68.11 | -- | -- |
| 2023-03 | 30.21 | 69.79 | 3.87 | 3.61 |
| 2023-06 | 33.69 | 66.31 | 3.13 | 2.90 |
| 2022-09 | 30.79 | 69.21 | -- | -- |
| 2022-12 | 31.29 | 68.71 | 3.55 | 3.35 |
| 2022-06 | 28.13 | 71.87 | 4.54 | 4.35 |
| 2021-12 | 28.15 | 71.85 | 4.76 | 4.61 |
| 2021-09 | 36.50 | 63.50 | -- | -- |
| 2022-03 | 26.63 | 73.37 | 5.23 | 5.23 |
| 2021-06 | 34.71 | 65.29 | 3.86 | 3.77 |
| 2020-12 | 30.92 | 69.08 | 4.61 | 4.53 |
| 2021-03 | 31.22 | 68.78 | 8.05 | 8.05 |
| 2020-06 | 34.76 | 65.24 | 6.15 | 6.09 |
| 2020-09 | 22.81 | 77.19 | -- | -- |
| 2019-09 | 31.20 | 68.80 | -- | -- |
| 2019-12 | 39.32 | 60.68 | 3.78 | 3.69 |
| 2020-03 | 30.49 | 69.51 | 12.40 | 12.40 |
| 2018-12 | 22.05 | 77.95 | 7.89 | 7.82 |
| 2019-06 | 26.93 | 73.07 | 6.46 | 6.28 |
| 2019-03 | 25.30 | 74.70 | -- | -- |
| 2018-06 | 25.83 | 74.17 | 8.14 | 8.10 |
| 2018-09 | 17.65 | 82.35 | -- | -- |
| 2018-03 | 20.49 | 79.51 | 11.18 | 11.12 |
| 2017-12 | 34.62 | 65.38 | 6.09 | 6.02 |
| 2017-09 | -- | -- | -- | -- |
| 2017-06 | -- | -- | -- | -- |
| 2016-12 | 13.04 | 86.96 | 10.68 | 10.68 |
| 2017-03 | -- | -- | -- | -- |
| 2025-06 | 40.14 | 59.86 | 1.95 | 1.72 |
| 2025-09 | 45.90 | 54.10 | -- | -- |
| 2025-12 | 46.74 | 53.26 | 3.41 | 3.08 |
| 2026-03 | 44.35 | 55.65 | 1.84 | 1.64 |
| 2026-06 | 43.61 | 56.39 | 3.40 | 3.40 |
成本费用分析
| 类别\年份 | 销售成本 （美元) |
销售费用 （美元) |
管理费用 （美元) |
财务费用 （美元) |
| 2025/3/31 0:00:00 | 165002000.0000 | -- | 481887000.0000 | -5848000.0000 |
| 2024/6/30 0:00:00 | 263067000.0000 | -- | 915104000.0000 | -29385000.0000 |
| 2024/12/31 0:00:00 | 594089000.0000 | -- | 1953295000.0000 | -47836000.0000 |
| 2024/9/30 0:00:00 | 433529000.0000 | -- | 1411283000.0000 | -40028000.0000 |
| 2024/3/31 0:00:00 | 124935000.0000 | -- | 460638000.0000 | -16160000.0000 |
| 2023/12/31 0:00:00 | 379920000.0000 | -- | 1782094000.0000 | -74009000.0000 |
| 2023/9/30 0:00:00 | 274088000.0000 | -- | 1284607000.0000 | -57735000.0000 |
| 2023/3/31 0:00:00 | 81789000.0000 | -- | 408771000.0000 | -16016000.0000 |
| 2023/6/30 0:00:00 | 177779000.0000 | -- | 831723000.0000 | -31086000.0000 |
| 2022/9/30 0:00:00 | 212953000.0000 | -- | 1195048000.0000 | -34261000.0000 |
| 2022/12/31 0:00:00 | 286475000.0000 | -- | 1641259000.0000 | -52480000.0000 |
| 2022/6/30 0:00:00 | 136410000.0000 | -- | 768498000.0000 | -21502000.0000 |
| 2021/12/31 0:00:00 | 164906000.0000 | -- | 1459989000.0000 | 15757000.0000 |
| 2021/9/30 0:00:00 | 116361000.0000 | -- | 1029317000.0000 | 11275000.0000 |
| 2022/3/31 0:00:00 | 65237000.0000 | -- | 390103000.0000 | -10071000.0000 |
| 2021/6/30 0:00:00 | 68948000.0000 | -- | 677192000.0000 | 9045000.0000 |
| 2020/12/31 0:00:00 | 70657000.0000 | -- | 1295723000.0000 | -1998000.0000 |
| 2021/3/31 0:00:00 | 32685000.0000 | -- | 320914000.0000 | 4179000.0000 |
| 2020/6/30 0:00:00 | 28456000.0000 | -- | 590741000.0000 | -7798000.0000 |
| 2020/9/30 0:00:00 | 49579000.0000 | -- | 939998000.0000 | -7184000.0000 |
| 2019/9/30 0:00:00 | 53206000.0000 | -- | 645073000.0000 | -9569000.0000 |
| 2019/12/31 0:00:00 | 71190000.0000 | -- | 928664000.0000 | -9131000.0000 |
| 2020/3/31 0:00:00 | 14149000.0000 | -- | 304585000.0000 | -6690000.0000 |
| 2018/12/31 0:00:00 | 28705000.0000 | -- | 679899000.0000 | -13947000.0000 |
| 2019/6/30 0:00:00 | -- | -- | 407774000.0000 | -7363000.0000 |
| 2019/3/31 0:00:00 | 15261000.0000 | -- | 178682000.0000 | -4477000.0000 |
| 2018/6/30 0:00:00 | -- | -- | 274326000.0000 | -3444000.0000 |
| 2018/9/30 0:00:00 | 19512000.0000 | -- | 422104000.0000 | -7997000.0000 |
| 2018/3/31 0:00:00 | 4550000.0000 | -- | 109888000.0000 | -1552000.0000 |
| 2017/12/31 0:00:00 | 4974000.0000 | -- | 269268000.0000 | 4108000.0000 |
| 2017/9/30 0:00:00 | 1944000.0000 | -- | 177741000.0000 | 3581000.0000 |
| 2017/6/30 0:00:00 | -- | -- | 90018000.0000 | 1796000.0000 |
| 2016/12/31 0:00:00 | -- | -- | 98033000.0000 | -383000.0000 |
| 2017/3/31 0:00:00 | -- | -- | 42773000.0000 | -186000.0000 |
| 2025/6/30 0:00:00 | 329608000.0000 | -- | 1006783000.0000 | -9345000.0000 |
| 2025/9/30 0:00:00 | 526118000.0000 | -- | 1530445000.0000 | -12374000.0000 |
| 2025/12/31 0:00:00 | 668540000.0000 | -- | 2145868000.0000 | -12271000.0000 |
| 2026/3/31 0:00:00 | 167215000.0000 | -- | 541224000.0000 | 5223000.0000 |
| 2026/6/30 0:00:00 | 341745000.0000 | -- | 1153504000.0000 | 17062000.0000 |