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 （%) |
| 2024-03 | 72567000000.0000 | -13.26 | 17958000000.0000 | -12.74 | -1434000000.0000 | -298.61 | -1605000000.0000 | -1572.48 |
| 2025-03 | 71552000000.0000 | -1.40 | 17236000000.0000 | -4.02 | 1030000000.0000 | -171.83 | 405000000.0000 | -125.23 |
| 2024-09 | 34708000000.0000 | -2.96 | 8526000000.0000 | -4.08 | 410000000.0000 | -311.34 | 206000000.0000 | -157.38 |
| 2023-09 | 35768000000.0000 | -11.93 | 8889000000.0000 | -12.09 | -194000000.0000 | -173.21 | -359000000.0000 | 420.29 |
| 2022-09 | 40611000000.0000 | -2.22 | 10112000000.0000 | -7.51 | 265000000.0000 | -9.86 | -69000000.0000 | -158.97 |
| 2023-03 | 83662000000.0000 | -5.07 | 20581000000.0000 | -4.15 | 722000000.0000 | -243.54 | 109000000.0000 | -114.75 |
| 2021-09 | 41534000000.0000 | -4.97 | 10933000000.0000 | -6.94 | 294000000.0000 | -78.25 | 117000000.0000 | -85.95 |
| 2022-03 | 88134000000.0000 | -29.27 | 21473000000.0000 | -31.54 | -503000000.0000 | -109.91 | -739000000.0000 | -120.69 |
| 2020-09 | 43706000000.0000 | -- | 11748000000.0000 | -- | 1352000000.0000 | -- | 833000000.0000 | -- |
| 2021-03 | 124612000000.0000 | -- | 31365000000.0000 | -- | 5074000000.0000 | -- | 3572000000.0000 | -- |
| 2020-12 | 95486000000.0000 | 0.14 | 24343000000.0000 | -5.39 | 4114000000.0000 | -3.25 | 2872000000.0000 | 1.34 |
| 2019-06 | 50586000000.0000 | -6.43 | 13188000000.0000 | 2.06 | 2691000000.0000 | 4.26 | 1766000000.0000 | 4.99 |
| 2019-12 | 95357000000.0000 | -4.03 | 25731000000.0000 | 2.44 | 4252000000.0000 | 5.77 | 2834000000.0000 | 14.37 |
| 2020-06 | 53170000000.0000 | 5.11 | 13054000000.0000 | -1.02 | 3062000000.0000 | 13.79 | 2062000000.0000 | 16.76 |
| 2018-06 | 54060000000.0000 | -0.04 | 12922000000.0000 | 2.70 | 2581000000.0000 | -11.58 | 1682000000.0000 | -4.27 |
| 2018-12 | 99359000000.0000 | -2.89 | 25119000000.0000 | 1.80 | 4020000000.0000 | -10.05 | 2478000000.0000 | -11.28 |
| 2017-12 | 102320000000.0000 | 1.87 | 24674000000.0000 | 2.89 | 4469000000.0000 | 14.33 | 2793000000.0000 | 8.63 |
| 2017-06 | 54080000000.0000 | 2.15 | 12582000000.0000 | 4.34 | 2919000000.0000 | 33.72 | 1757000000.0000 | 22.70 |
| 2017-09 | 79030000000.0000 | -- | 18689000000.0000 | -- | -- | -- | 2315000000.0000 | -- |
| 2017-03 | 31617000000.0000 | 1.95 | 6836000000.0000 | 2.00 | 1593000000.0000 | 3.37 | 1041000000.0000 | 1.46 |
| 2016-12 | 100441000000.0000 | 4.18 | 23981000000.0000 | 6.76 | 3909000000.0000 | 10.05 | 2571000000.0000 | 5.24 |
| 2016-09 | 77319000000.0000 | -- | 18058000000.0000 | -- | -- | -- | 2031000000.0000 | -- |
| 2016-06 | 52943000000.0000 | 4.41 | 12059000000.0000 | 5.55 | 2183000000.0000 | 0.55 | 1432000000.0000 | -2.65 |
| 2016-03 | 31012000000.0000 | -- | 6702000000.0000 | -- | 1541000000.0000 | -- | 1026000000.0000 | -- |
| 2015-12 | 96414000000.0000 | 4.96 | 22463000000.0000 | 6.98 | 3552000000.0000 | -15.41 | 2443000000.0000 | -15.73 |
| 2015-06 | 50708000000.0000 | 5.56 | 11425000000.0000 | 8.57 | 2171000000.0000 | -12.74 | 1471000000.0000 | -13.98 |
| 2015-09 | 74065000000.0000 | -- | 17006000000.0000 | -- | -- | -- | 2010000000.0000 | -- |
| 2015-03 | 29294000000.0000 | -- | 6318000000.0000 | -- | -- | -- | 1063000000.0000 | -- |
| 2014-09 | 70240000000.0000 | -- | 15669000000.0000 | -- | -- | -- | 2341000000.0000 | -- |
| 2014-06 | 48038000000.0000 | 7.91 | 10523000000.0000 | 14.00 | 2488000000.0000 | 8.60 | 1710000000.0000 | 8.50 |
| 2014-12 | 91855000000.0000 | 6.57 | 20998000000.0000 | 12.81 | 4199000000.0000 | 1.57 | 2899000000.0000 | 4.47 |
| 2014-03 | 27751000000.0000 | -- | 5794000000.0000 | -- | -- | -- | 1179000000.0000 | -- |
| 2013-12 | 86195000000.0000 | 10.72 | 18613000000.0000 | 15.25 | 4134000000.0000 | 17.91 | 2775000000.0000 | 15.19 |
| 2013-09 | 65691000000.0000 | -- | 13804000000.0000 | -- | -- | -- | 2179000000.0000 | -- |
| 2013-06 | 44515000000.0000 | 12.94 | 9231000000.0000 | 14.44 | 2291000000.0000 | 12.80 | 1576000000.0000 | 14.79 |
| 2012-12 | 77851000000.0000 | 14.35 | 16150000000.0000 | 16.55 | 3506000000.0000 | 24.50 | 2409000000.0000 | 50.56 |
| 2013-03 | 25399000000.0000 | -- | 5097000000.0000 | -- | -- | -- | 1063000000.0000 | -- |
| 2012-06 | 39416000000.0000 | 14.39 | 8066000000.0000 | 17.86 | 2031000000.0000 | 25.68 | 1373000000.0000 | 75.13 |
| 2012-03 | 22497000000.0000 | 13.48 | 4367000000.0000 | 17.05 | -- | -100.00 | 919000000.0000 | 76.05 |
| 2012-09 | 58800000000.0000 | -- | 11880000000.0000 | -- | -- | -- | 1724000000.0000 | -- |
| 2011-12 | 68084000000.0000 | 21.21 | 13857000000.0000 | 26.34 | 2816000000.0000 | 17.77 | 1600000000.0000 | 55.19 |
| 2011-06 | 34459000000.0000 | 24.13 | 6844000000.0000 | 29.77 | 1616000000.0000 | 24.98 | 784000000.0000 | 41.52 |
| 2010-06 | 27760000000.0000 | -- | 5274000000.0000 | -- | 1293000000.0000 | -- | 554000000.0000 | -- |
| 2011-03 | 19824000000.0000 | 26.62 | 3731000000.0000 | 29.91 | 1137000000.0000 | 26.61 | 522000000.0000 | 31.82 |
| 2010-12 | 56168000000.0000 | 23.73 | 10968000000.0000 | 27.83 | 2391000000.0000 | 32.54 | 1031000000.0000 | 27.13 |
| 2010-03 | 15656000000.0000 | -- | 2872000000.0000 | -- | 898000000.0000 | -- | 396000000.0000 | -- |
| 2008-12 | 37852000000.0000 | -- | 7089000000.0000 | -- | 1380000000.0000 | -- | 680000000.0000 | -- |
| 2009-12 | 45394000000.0000 | 19.92 | 8580000000.0000 | 21.03 | 1804000000.0000 | 30.72 | 811000000.0000 | 19.26 |
| 2025-09 | 30502000000.0000 | -12.12 | 7719000000.0000 | -9.47 | -- | -100.00 | -- | -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) |
| 2024-03 | 24.75 | -1.9800 | -2.36 | -7.5000 | 7.10 | -- | 1.20 |
| 2025-03 | 24.09 | 1.4400 | 1.84 | 2.0200 | 7.27 | -- | 1.28 |
| 2024-09 | 24.56 | 1.1800 | 0.66 | 0.9600 | 3.25 | -- | 0.56 |
| 2023-09 | 24.85 | -0.5400 | -0.30 | -1.5800 | 3.08 | -- | 0.55 |
| 2022-09 | 24.90 | 0.6500 | 0.40 | -0.2900 | 3.20 | -- | 0.61 |
| 2023-03 | 24.60 | 0.8600 | 1.13 | 0.4600 | 7.44 | -- | 1.30 |
| 2021-09 | 26.32 | 0.7100 | 0.42 | 0.4600 | 3.05 | -- | 0.60 |
| 2022-03 | 24.36 | -0.5700 | -0.77 | -3.0800 | 6.86 | -- | 1.34 |
| 2020-09 | 26.88 | 3.0900 | -- | -- | -- | -- | -- |
| 2021-03 | 25.17 | 4.0700 | 7.33 | 13.6200 | 9.33 | -- | 1.80 |
| 2020-12 | 25.49 | 4.3100 | 5.82 | 11.2700 | 4.77 | -- | 1.35 |
| 2019-06 | 26.07 | 5.3400 | 4.20 | 7.7200 | 4.13 | -- | 0.79 |
| 2019-12 | 26.98 | 4.4700 | 5.97 | 11.8500 | 3.93 | -- | 1.34 |
| 2020-06 | 24.55 | 5.7600 | 4.79 | 8.3600 | 4.50 | -- | 0.83 |
| 2018-06 | 23.90 | 4.7800 | 4.60 | 7.3700 | 4.34 | -- | 0.96 |
| 2018-12 | 25.28 | 4.0500 | 5.75 | 11.1200 | 5.13 | -- | 1.42 |
| 2017-12 | 24.11 | 4.3700 | 7.48 | 12.5200 | 5.47 | -- | 1.71 |
| 2017-06 | 23.27 | 5.4000 | 5.44 | 8.1800 | 4.72 | -- | 1.01 |
| 2017-09 | 23.65 | 4.8600 | 0.00 | 10.0200 | -- | -- | 1.35 |
| 2017-03 | 21.62 | 5.0400 | 2.77 | 4.3500 | -- | -- | 0.55 |
| 2016-12 | 23.88 | 3.9000 | 6.48 | 11.8000 | 4.96 | -- | 1.66 |
| 2016-09 | 23.36 | 4.0500 | 0.00 | 9.1200 | -- | -- | 1.39 |
| 2016-06 | 22.78 | 4.1300 | 4.27 | 6.9700 | 4.96 | -- | 1.04 |
| 2016-03 | 21.61 | 4.9700 | 2.81 | 4.5200 | -- | -- | 0.57 |
| 2015-12 | 23.30 | 3.6900 | 6.40 | 11.7800 | 5.85 | -- | 1.74 |
| 2015-06 | 22.53 | 4.2800 | 4.33 | 7.4100 | 5.26 | -- | 1.01 |
| 2015-09 | 22.96 | 4.0300 | 0.00 | 9.4400 | -- | -- | 1.38 |
| 2015-03 | 21.57 | 5.3700 | 0.00 | 4.9100 | -- | -- | 0.54 |
| 2014-09 | 22.31 | 4.8200 | 0.00 | 11.8900 | -- | -- | 1.43 |
| 2014-06 | 21.91 | 5.1800 | 5.46 | 9.3300 | 5.18 | -- | 1.05 |
| 2014-12 | 22.86 | 4.5700 | 8.00 | 14.7300 | 6.35 | -- | 1.75 |
| 2014-03 | 20.88 | 6.1500 | 0.00 | 5.7200 | -- | -- | 0.56 |
| 2013-12 | 21.59 | 4.8000 | 8.28 | 14.8000 | 6.00 | -- | 1.73 |
| 2013-09 | 21.01 | 4.8300 | 0.00 | 11.6000 | -- | -- | 1.39 |
| 2013-06 | 20.74 | 5.1500 | 5.35 | 9.0100 | 5.74 | -- | 1.04 |
| 2012-12 | 20.74 | 4.5000 | 7.86 | 14.3100 | 6.08 | -- | 1.75 |
| 2013-03 | 20.07 | 6.0200 | 0.00 | 5.7500 | -- | -- | 0.56 |
| 2012-06 | 20.46 | 5.1500 | 5.41 | 8.7200 | 5.20 | -- | 1.05 |
| 2012-03 | 19.41 | 5.9400 | 0.00 | 5.5700 | -- | -- | 0.58 |
| 2012-09 | 20.20 | 4.3000 | 0.00 | 10.3800 | -- | -- | 1.36 |
| 2011-12 | 20.35 | 4.1400 | 6.81 | 10.5700 | 5.29 | -- | 1.65 |
| 2011-06 | 19.86 | 4.6900 | 5.32 | 11.9200 | 5.62 | -- | 1.13 |
| 2010-06 | 19.00 | 4.6600 | -- | -- | -- | -- | -- |
| 2011-03 | 18.82 | 5.7400 | 3.83 | 10.5600 | 3.40 | -- | 0.67 |
| 2010-12 | 19.53 | 4.2600 | 8.01 | 23.4200 | 6.12 | -- | 1.88 |
| 2010-03 | 18.34 | 5.7400 | -- | -- | -- | -- | -- |
| 2008-12 | 18.73 | 3.6500 | 6.73 | 21.3100 | 6.24 | -- | 1.85 |
| 2009-12 | 18.90 | 3.9700 | 7.62 | 20.2500 | 7.15 | -- | 1.92 |
| 2025-09 | 25.31 | -- | -- | -- | -- | -- | -- |
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 |
| 2024-03 | 64.10 | 35.90 | 0.91 | 0.68 |
| 2025-03 | 63.50 | 36.50 | 0.96 | 0.72 |
| 2024-09 | 64.84 | 35.16 | 0.93 | 0.70 |
| 2023-09 | 64.12 | 35.88 | 0.98 | 0.73 |
| 2022-09 | 63.22 | 36.78 | 1.01 | 0.74 |
| 2023-03 | 62.26 | 37.74 | 0.97 | 0.72 |
| 2021-09 | 61.30 | 38.70 | 1.01 | 0.73 |
| 2022-03 | 61.87 | 38.13 | 0.99 | 0.70 |
| 2020-09 | -- | -- | -- | -- |
| 2021-03 | 59.76 | 40.24 | 1.01 | 0.72 |
| 2020-12 | 61.55 | 38.45 | 1.00 | 0.59 |
| 2019-06 | 61.95 | 38.05 | 0.84 | 0.55 |
| 2019-12 | 64.38 | 35.62 | 0.91 | 0.45 |
| 2020-06 | 58.83 | 41.17 | 0.96 | 0.66 |
| 2018-06 | 56.83 | 43.17 | 0.80 | 0.50 |
| 2018-12 | 66.16 | 33.84 | 0.82 | 0.43 |
| 2017-12 | 60.58 | 39.42 | 0.78 | 0.38 |
| 2017-06 | 57.67 | 42.33 | 0.69 | 0.41 |
| 2017-09 | 60.44 | 39.56 | -- | -- |
| 2017-03 | 58.49 | 41.51 | -- | -- |
| 2016-12 | 62.20 | 37.80 | 0.72 | 0.31 |
| 2016-09 | 60.02 | 39.98 | -- | -- |
| 2016-06 | 57.74 | 42.26 | 0.62 | 0.34 |
| 2016-03 | 58.63 | 41.37 | -- | -- |
| 2015-12 | 61.04 | 38.96 | 0.67 | 0.30 |
| 2015-06 | 58.58 | 41.42 | 0.65 | 0.39 |
| 2015-09 | 60.25 | 39.75 | -- | -- |
| 2015-03 | 59.94 | 40.06 | -- | -- |
| 2014-09 | 59.93 | 40.07 | -- | -- |
| 2014-06 | 58.21 | 41.79 | 0.65 | 0.38 |
| 2014-12 | 60.85 | 39.15 | 0.67 | 0.32 |
| 2014-03 | 58.52 | 41.48 | -- | -- |
| 2013-12 | 61.17 | 38.83 | 0.73 | 0.36 |
| 2013-09 | 60.29 | 39.71 | -- | -- |
| 2013-06 | 57.69 | 42.31 | 0.75 | 0.49 |
| 2012-12 | 61.07 | 38.93 | 0.79 | 0.42 |
| 2013-03 | 59.14 | 40.86 | -- | -- |
| 2012-06 | 56.88 | 43.12 | 0.81 | 0.53 |
| 2012-03 | 57.36 | 42.64 | -- | -- |
| 2012-09 | 61.54 | 38.46 | -- | -- |
| 2011-12 | 62.47 | 37.53 | 0.84 | 0.44 |
| 2011-06 | 77.48 | 22.52 | 0.56 | 0.35 |
| 2010-06 | -- | -- | -- | -- |
| 2011-03 | 74.18 | 25.82 | 0.62 | 0.40 |
| 2010-12 | 77.15 | 22.85 | 0.63 | 0.30 |
| 2010-03 | -- | -- | -- | -- |
| 2008-12 | 76.66 | 23.34 | 0.66 | 0.34 |
| 2009-12 | 73.84 | 26.16 | 0.63 | 0.33 |
| 2025-09 | -- | -- | -- | -- |
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) |
| 2024/3/31 0:00:00 | 54609000000.0000 | -- | 2251000000.0000 | 425000000.0000 |
| 2025/3/31 0:00:00 | 54316000000.0000 | -- | 1709000000.0000 | 395000000.0000 |
| 2024/9/30 0:00:00 | 26182000000.0000 | -- | 859000000.0000 | 211000000.0000 |
| 2023/9/30 0:00:00 | 26879000000.0000 | -- | 898000000.0000 | 213000000.0000 |
| 2022/9/30 0:00:00 | 30499000000.0000 | -- | 1036000000.0000 | 234000000.0000 |
| 2023/3/31 0:00:00 | 63081000000.0000 | -- | 2369000000.0000 | 454000000.0000 |
| 2021/9/30 0:00:00 | 30601000000.0000 | -- | 1175000000.0000 | 266000000.0000 |
| 2022/3/31 0:00:00 | 66661000000.0000 | -- | 2551000000.0000 | 520000000.0000 |
| 2020/9/30 0:00:00 | 31958000000.0000 | -- | 1209000000.0000 | 279000000.0000 |
| 2021/3/31 0:00:00 | 93247000000.0000 | -- | 3175000000.0000 | 680000000.0000 |
| 2020/12/31 0:00:00 | 71143000000.0000 | -- | 21598000000.0000 | 547000000.0000 |
| 2019/6/30 0:00:00 | 37398000000.0000 | -- | 1410000000.0000 | 314000000.0000 |
| 2019/12/31 0:00:00 | 69626000000.0000 | -- | 22330000000.0000 | 623000000.0000 |
| 2020/6/30 0:00:00 | 40116000000.0000 | -- | 1225000000.0000 | 286000000.0000 |
| 2018/6/30 0:00:00 | 41138000000.0000 | -- | 1445000000.0000 | 336000000.0000 |
| 2018/12/31 0:00:00 | 74240000000.0000 | -- | 2847000000.0000 | 670000000.0000 |
| 2017/12/31 0:00:00 | 77646000000.0000 | -- | 2895000000.0000 | 13000000.0000 |
| 2017/6/30 0:00:00 | 41498000000.0000 | -- | 1417000000.0000 | 5000000.0000 |
| 2017/9/30 0:00:00 | -- | -- | -- | -- |
| 2017/3/31 0:00:00 | -- | -- | -- | -- |
| 2016/12/31 0:00:00 | 76460000000.0000 | -- | 20918000000.0000 | 23000000.0000 |
| 2016/9/30 0:00:00 | -- | -- | -- | -- |
| 2016/6/30 0:00:00 | 40884000000.0000 | -- | 1410000000.0000 | 12000000.0000 |
| 2016/3/31 0:00:00 | -- | -- | -- | -- |
| 2015/12/31 0:00:00 | 73951000000.0000 | -- | 19635000000.0000 | 20000000.0000 |
| 2015/6/30 0:00:00 | 39283000000.0000 | -- | 1305000000.0000 | 9000000.0000 |
| 2015/9/30 0:00:00 | -- | -- | -- | -- |
| 2015/3/31 0:00:00 | -- | -- | -- | -- |
| 2014/9/30 0:00:00 | -- | -- | -- | -- |
| 2014/6/30 0:00:00 | 37515000000.0000 | -- | 1121000000.0000 | 7000000.0000 |
| 2014/12/31 0:00:00 | 70857000000.0000 | -- | 17485000000.0000 | 15000000.0000 |
| 2014/3/31 0:00:00 | -- | -- | -- | -- |
| 2013/12/31 0:00:00 | 67582000000.0000 | -- | 15114000000.0000 | 13000000.0000 |
| 2013/9/30 0:00:00 | -- | -- | -- | -- |
| 2013/6/30 0:00:00 | 35284000000.0000 | -- | 1020000000.0000 | 7000000.0000 |
| 2012/12/31 0:00:00 | 61701000000.0000 | -- | 13196000000.0000 | 12000000.0000 |
| 2013/3/31 0:00:00 | -- | -- | -- | -- |
| 2012/6/30 0:00:00 | 31350000000.0000 | -- | 969000000.0000 | 6000000.0000 |
| 2012/3/31 0:00:00 | -- | -- | -- | -- |
| 2012/9/30 0:00:00 | -- | -- | -- | -- |
| 2011/12/31 0:00:00 | 54227000000.0000 | -- | 11365000000.0000 | 90000000.0000 |
| 2011/6/30 0:00:00 | 27615000000.0000 | -- | 801000000.0000 | 42000000.0000 |
| 2010/6/30 0:00:00 | 22486000000.0000 | -- | 625000000.0000 | 47000000.0000 |
| 2011/3/31 0:00:00 | 16093000000.0000 | -- | 445000000.0000 | 17000000.0000 |
| 2010/12/31 0:00:00 | 45200000000.0000 | -- | 8768000000.0000 | 83000000.0000 |
| 2010/3/31 0:00:00 | 12784000000.0000 | -- | 351000000.0000 | 22000000.0000 |
| 2008/12/31 0:00:00 | 30763000000.0000 | -- | 1186000000.0000 | 147000000.0000 |
| 2009/12/31 0:00:00 | 36814000000.0000 | -- | 1402000000.0000 | 149000000.0000 |
| 2025/9/30 0:00:00 | -- | -- | -- | 174000000.0000 |