中商官网
研究报告
高鑫零售（HK6808）
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) |
| 2008 | 37852000000.0000 | 7089000000.0000 | 1380000000.0000 | 680000000.0000 | 20514000000.0000 | 15726000000.0000 | 4788000000.0000 |
| 2009 | 45394000000.0000 | 8580000000.0000 | 1804000000.0000 | 811000000.0000 | 23668000000.0000 | 17476000000.0000 | 6192000000.0000 |
| 2010 | 56168000000.0000 | 10968000000.0000 | 2391000000.0000 | 1031000000.0000 | 29853000000.0000 | 23033000000.0000 | 6820000000.0000 |
| 2011 | 68084000000.0000 | 13857000000.0000 | 2816000000.0000 | 1600000000.0000 | 41346000000.0000 | 25829000000.0000 | 15517000000.0000 |
| 2012 | 77851000000.0000 | 16150000000.0000 | 3506000000.0000 | 2409000000.0000 | 44585000000.0000 | 27227000000.0000 | 17358000000.0000 |
| 2013 | 86195000000.0000 | 18613000000.0000 | 4134000000.0000 | 2775000000.0000 | 49910000000.0000 | 30529000000.0000 | 19381000000.0000 |
| 2014 | 91855000000.0000 | 20998000000.0000 | 4199000000.0000 | 2899000000.0000 | 52492000000.0000 | 31942000000.0000 | 20550000000.0000 |
| 2015 | 96414000000.0000 | 22463000000.0000 | 3552000000.0000 | 2443000000.0000 | 55509000000.0000 | 33882000000.0000 | 21627000000.0000 |
| 2016 | 100441000000.0000 | 23981000000.0000 | 3909000000.0000 | 2571000000.0000 | 60341000000.0000 | 37532000000.0000 | 22809000000.0000 |
| 2017 | 102320000000.0000 | 24674000000.0000 | 4469000000.0000 | 2793000000.0000 | 59737000000.0000 | 36188000000.0000 | 23549000000.0000 |
| 2018 | 99359000000.0000 | 25119000000.0000 | 4020000000.0000 | 2478000000.0000 | 69875000000.0000 | 46226000000.0000 | 23649000000.0000 |
| 2019 | 95357000000.0000 | 25731000000.0000 | 4252000000.0000 | 2834000000.0000 | 71186000000.0000 | 45828000000.0000 | 25358000000.0000 |
| 2020 | 95486000000.0000 | 24343000000.0000 | 4114000000.0000 | 2872000000.0000 | 70627000000.0000 | 43469000000.0000 | 27158000000.0000 |
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) |
| 2008 | 18.73 | 3.6500 | 6.73 | 21.3100 | 6.24 | -- | 1.85 |
| 2009 | 18.90 | 3.9700 | 7.62 | 20.2500 | 7.15 | -- | 1.92 |
| 2010 | 19.53 | 4.2600 | 8.01 | 23.4200 | 6.12 | -- | 1.88 |
| 2011 | 20.35 | 4.1400 | 6.81 | 10.5700 | 5.29 | -- | 1.65 |
| 2012 | 20.74 | 4.5000 | 7.86 | 14.3100 | 6.08 | -- | 1.75 |
| 2013 | 21.59 | 4.8000 | 8.28 | 14.8000 | 6.00 | -- | 1.73 |
| 2014 | 22.86 | 4.5700 | 8.00 | 14.7300 | 6.35 | -- | 1.75 |
| 2015 | 23.30 | 3.6900 | 6.40 | 11.7800 | 5.85 | -- | 1.74 |
| 2016 | 23.88 | 3.9000 | 6.48 | 11.8000 | 4.96 | -- | 1.66 |
| 2017 | 24.11 | 4.3700 | 7.48 | 12.5200 | 5.47 | -- | 1.71 |
| 2018 | 25.28 | 4.0500 | 5.75 | 11.1200 | 5.13 | -- | 1.42 |
| 2019 | 26.98 | 4.4700 | 5.97 | 11.8500 | 3.93 | -- | 1.34 |
| 2020 | 25.49 | 4.3100 | 5.82 | 11.2700 | 4.77 | -- | 1.35 |
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 |
| 2008 | 76.66 | 23.34 | 0.66 | 0.34 |
| 2009 | 73.84 | 26.16 | 0.63 | 0.33 |
| 2010 | 77.15 | 22.85 | 0.63 | 0.30 |
| 2011 | 62.47 | 37.53 | 0.84 | 0.44 |
| 2012 | 61.07 | 38.93 | 0.79 | 0.42 |
| 2013 | 61.17 | 38.83 | 0.73 | 0.36 |
| 2014 | 60.85 | 39.15 | 0.67 | 0.32 |
| 2015 | 61.04 | 38.96 | 0.67 | 0.30 |
| 2016 | 62.20 | 37.80 | 0.72 | 0.31 |
| 2017 | 60.58 | 39.42 | 0.78 | 0.38 |
| 2018 | 66.16 | 33.84 | 0.82 | 0.43 |
| 2019 | 64.38 | 35.62 | 0.91 | 0.45 |
| 2020 | 61.55 | 38.45 | 1.00 | 0.59 |
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) |
| 2008 | 30763000000.0000 | -- | 1186000000.0000 | 147000000.0000 |
| 2009 | 36814000000.0000 | -- | 1402000000.0000 | 149000000.0000 |
| 2010 | 45200000000.0000 | -- | 8768000000.0000 | 83000000.0000 |
| 2011 | 54227000000.0000 | -- | 11365000000.0000 | 90000000.0000 |
| 2012 | 61701000000.0000 | -- | 13196000000.0000 | 12000000.0000 |
| 2013 | 67582000000.0000 | -- | 15114000000.0000 | 13000000.0000 |
| 2014 | 70857000000.0000 | -- | 17485000000.0000 | 15000000.0000 |
| 2015 | 73951000000.0000 | -- | 19635000000.0000 | 20000000.0000 |
| 2016 | 76460000000.0000 | -- | 20918000000.0000 | 23000000.0000 |
| 2017 | 77646000000.0000 | -- | 2895000000.0000 | 13000000.0000 |
| 2018 | 74240000000.0000 | -- | 2847000000.0000 | 670000000.0000 |
| 2019 | 69626000000.0000 | -- | 22330000000.0000 | 623000000.0000 |
| 2020 | 71143000000.0000 | -- | 21598000000.0000 | 547000000.0000 |