中商官网
研究报告
天福（HK6868）
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 | 1562648000.0000 | -9.89 | 806334000.0000 | -14.26 | 201188000.0000 | -31.88 | 138875000.0000 | -34.87 |
| 2024-06 | 811278000.0000 | -3.74 | 424050000.0000 | -8.29 | 99819000.0000 | -27.44 | 69114000.0000 | -30.12 |
| 2022-12 | 1715400000.0000 | -10.87 | 920117000.0000 | -19.57 | 288221000.0000 | -43.35 | 206452000.0000 | -42.57 |
| 2023-06 | 842760000.0000 | 5.03 | 462360000.0000 | 4.63 | 137571000.0000 | 27.90 | 98910000.0000 | 31.77 |
| 2023-12 | 1734061000.0000 | 1.09 | 940416000.0000 | 2.21 | 295341000.0000 | 2.47 | 213238000.0000 | 3.29 |
| 2021-06 | 942069000.0000 | 25.46 | 538383000.0000 | 15.56 | 224149000.0000 | 35.47 | 158642000.0000 | 40.90 |
| 2021-12 | 1924651000.0000 | 12.38 | 1144047000.0000 | 9.39 | 508732000.0000 | 8.91 | 359481000.0000 | 17.70 |
| 2022-06 | 802411000.0000 | -14.82 | 441919000.0000 | -17.92 | 107562000.0000 | -52.01 | 75065000.0000 | -52.68 |
| 2019-12 | 1796834000.0000 | 9.86 | 1057603000.0000 | 7.29 | 415979000.0000 | 12.04 | 273137000.0000 | 1.68 |
| 2020-06 | 750897000.0000 | -10.58 | 465903000.0000 | -9.42 | 165455000.0000 | -8.56 | 112589000.0000 | -9.79 |
| 2020-12 | 1712595000.0000 | -4.69 | 1045840000.0000 | -1.11 | 467091000.0000 | 12.29 | 305409000.0000 | 11.82 |
| 2018-06 | 818941000.0000 | 5.02 | 500850000.0000 | 5.25 | 183759000.0000 | 19.15 | 130034000.0000 | 12.80 |
| 2019-06 | 839774000.0000 | 2.54 | 514363000.0000 | 2.70 | 180939000.0000 | -1.53 | 124809000.0000 | -4.02 |
| 2018-12 | 1635562000.0000 | 3.74 | 985750000.0000 | 3.19 | 371272000.0000 | 10.79 | 268618000.0000 | 10.31 |
| 2017-12 | 1576561000.0000 | 6.19 | 955273000.0000 | 5.06 | 335106000.0000 | 36.39 | 243511000.0000 | 47.21 |
| 2017-06 | 779784000.0000 | 5.24 | 475886000.0000 | 4.76 | 154230000.0000 | 31.01 | 115278000.0000 | 40.41 |
| 2015-12 | 1518045000.0000 | -10.10 | 931600000.0000 | -11.27 | 227640000.0000 | -39.84 | 146354000.0000 | -45.83 |
| 2016-12 | 1484718000.0000 | -2.20 | 909281000.0000 | -2.40 | 245703000.0000 | 7.93 | 165420000.0000 | 13.03 |
| 2016-06 | 740945000.0000 | -5.77 | 454244000.0000 | -7.05 | 117720000.0000 | -18.83 | 82101000.0000 | -17.85 |
| 2015-06 | 786276000.0000 | -10.98 | 488704000.0000 | -10.65 | 145029000.0000 | -25.03 | 99942000.0000 | -28.55 |
| 2014-12 | 1688589000.0000 | 1.63 | 1049869000.0000 | 3.21 | 378362000.0000 | 2.53 | 270198000.0000 | 1.15 |
| 2014-06 | 883236000.0000 | 6.14 | 546977000.0000 | 7.21 | 193454000.0000 | 9.14 | 139872000.0000 | 9.15 |
| 2013-06 | 832135000.0000 | -8.07 | 510211000.0000 | -13.88 | 177257000.0000 | -18.74 | 128150000.0000 | -19.98 |
| 2013-12 | 1661577000.0000 | -2.64 | 1017189000.0000 | -7.08 | 369035000.0000 | -9.36 | 267133000.0000 | -9.32 |
| 2012-12 | 1706598000.0000 | -2.66 | 1094704000.0000 | 1.40 | 407135000.0000 | -0.38 | 294597000.0000 | 0.37 |
| 2012-06 | 905189000.0000 | 8.37 | 592461000.0000 | 16.07 | 218135000.0000 | 4.52 | 160147000.0000 | 4.59 |
| 2011-12 | 1753317000.0000 | 40.60 | 1079558000.0000 | 56.52 | 408706000.0000 | 30.28 | 293510000.0000 | 31.60 |
| 2011-06 | 835270000.0000 | 63.62 | 510422000.0000 | 96.17 | 208704000.0000 | 72.34 | 153124000.0000 | 79.78 |
| 2011-03 | 459567000.0000 | 70.86 | 279596000.0000 | 132.58 | 128828000.0000 | 106.44 | 94488000.0000 | 120.17 |
| 2010-12 | 1246993000.0000 | 80.02 | 689729000.0000 | 127.35 | 313707000.0000 | 62.35 | 223024000.0000 | 60.53 |
| 2009-12 | 692715000.0000 | 21.32 | 303372000.0000 | 18.45 | 193233000.0000 | 35.42 | 138932000.0000 | 27.20 |
| 2010-03 | 268965000.0000 | -- | 120217000.0000 | -- | 62404000.0000 | -- | 42915000.0000 | -- |
| 2010-06 | 510501000.0000 | -- | 260197000.0000 | -- | 121099000.0000 | -- | 85171000.0000 | -- |
| 2008-12 | 570963000.0000 | -- | 256116000.0000 | -- | 142694000.0000 | -- | 109224000.0000 | -- |
| 2025-06 | 672943000.0000 | -17.05 | 354221000.0000 | -16.47 | 71830000.0000 | -28.04 | 48747000.0000 | -29.47 |
| 2025-12 | 1327251000.0000 | -15.06 | 696990000.0000 | -13.56 | 169078000.0000 | -15.96 | -- | -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) |
| 2024-12 | 51.60 | 12.8700 | 6.77 | 7.8700 | 0.79 | -- | 0.53 |
| 2024-06 | 52.27 | 12.5600 | 3.38 | 3.9900 | 0.38 | -- | 0.27 |
| 2022-12 | 53.64 | 16.5100 | 9.18 | 11.6600 | 0.75 | -- | 0.55 |
| 2023-06 | 54.86 | 16.0800 | 4.55 | 5.6800 | 0.37 | -- | 0.28 |
| 2023-12 | 54.23 | 16.5600 | 9.84 | 11.9400 | 0.78 | -- | 0.58 |
| 2021-06 | 57.15 | 23.7400 | 7.92 | 9.2300 | 0.45 | -- | 0.33 |
| 2021-12 | 59.44 | 26.2900 | 15.84 | 19.6100 | 0.74 | -- | 0.60 |
| 2022-06 | 55.07 | 13.0300 | 3.62 | 4.4500 | 0.36 | -- | 0.27 |
| 2019-12 | 58.86 | 23.0200 | 14.33 | 16.1200 | 0.94 | -- | 0.62 |
| 2020-06 | 62.05 | 22.3000 | 5.63 | 6.8000 | 0.35 | -- | 0.26 |
| 2020-12 | 61.07 | 27.1500 | 15.74 | 17.4400 | 0.76 | -- | 0.58 |
| 2018-06 | 61.16 | 22.3400 | 6.70 | 6.2100 | 0.54 | -- | 0.30 |
| 2019-06 | 61.25 | 21.3500 | 6.57 | 6.9400 | 0.47 | -- | 0.30 |
| 2018-12 | 60.27 | 22.5500 | 13.08 | 13.1800 | 1.00 | -- | 0.58 |
| 2017-12 | 60.59 | 21.2700 | 12.43 | 11.5900 | 1.14 | -- | 0.58 |
| 2017-06 | 61.03 | 19.7100 | 5.87 | 5.6900 | 0.63 | -- | 0.30 |
| 2015-12 | 61.37 | 15.0100 | 9.10 | 7.6000 | 1.24 | -- | 0.61 |
| 2016-12 | 61.24 | 16.7200 | 10.21 | 8.3300 | 1.29 | -- | 0.62 |
| 2016-06 | 61.31 | 16.0800 | 4.81 | 4.2200 | 0.65 | -- | 0.30 |
| 2015-06 | 62.15 | 18.3600 | 5.06 | 5.1800 | 0.68 | -- | 0.27 |
| 2014-12 | 62.17 | 22.3400 | 13.30 | 13.7600 | 1.51 | -- | 0.59 |
| 2014-06 | 61.93 | 21.8500 | 7.34 | 7.3500 | 0.84 | -- | 0.33 |
| 2013-06 | 61.31 | 21.2200 | 7.93 | 7.0400 | 0.86 | -- | 0.37 |
| 2013-12 | 61.22 | 22.1000 | 15.76 | 14.1300 | 1.52 | -- | 0.71 |
| 2012-12 | 64.15 | 23.7700 | 19.08 | 16.1100 | 1.42 | -- | 0.80 |
| 2012-06 | 65.45 | 24.0600 | 10.28 | 9.0300 | 0.75 | -- | 0.43 |
| 2011-12 | 61.57 | 23.2300 | 16.49 | 15.5300 | 1.77 | -- | 0.71 |
| 2011-06 | 61.11 | 24.9200 | 14.66 | 18.7500 | 0.97 | -- | 0.59 |
| 2011-03 | 60.84 | 27.9600 | 9.09 | 12.4600 | 0.67 | -- | 0.32 |
| 2010-12 | 55.31 | 25.0600 | 20.55 | 33.6000 | 1.86 | -- | 0.82 |
| 2009-12 | 43.79 | 27.7600 | 18.68 | 25.1500 | 2.04 | -- | 0.67 |
| 2010-03 | 44.70 | 23.0900 | -- | -- | -- | -- | -- |
| 2010-06 | 50.97 | 23.6200 | -- | -- | -- | -- | -- |
| 2008-12 | 44.86 | 24.7800 | 19.92 | 26.4100 | 2.12 | -- | 0.80 |
| 2025-06 | 52.64 | 10.4800 | 2.43 | 2.8100 | 0.36 | -- | 0.23 |
| 2025-12 | 52.51 | -- | 5.80 | -- | 0.71 | -- | 0.46 |
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 | 40.63 | 59.37 | 1.73 | 0.74 |
| 2024-06 | 41.38 | 58.62 | 1.82 | 0.69 |
| 2022-12 | 43.62 | 56.38 | 1.59 | 0.64 |
| 2023-06 | 42.44 | 57.56 | 1.57 | 0.57 |
| 2023-12 | 40.51 | 59.49 | 1.70 | 0.62 |
| 2021-06 | 39.33 | 60.67 | 1.74 | 0.78 |
| 2021-12 | 42.94 | 57.06 | 1.58 | 0.69 |
| 2022-06 | 43.27 | 56.73 | 1.54 | 0.59 |
| 2019-12 | 41.64 | 58.36 | 1.42 | 0.67 |
| 2020-06 | 43.62 | 56.38 | 1.40 | 0.67 |
| 2020-12 | 40.98 | 59.02 | 1.58 | 0.73 |
| 2018-06 | 23.76 | 76.24 | 2.88 | 1.88 |
| 2019-06 | 34.69 | 65.31 | 1.70 | 0.84 |
| 2018-12 | 28.19 | 71.81 | 2.28 | 1.41 |
| 2017-12 | 22.05 | 77.95 | 3.02 | 2.00 |
| 2017-06 | 22.82 | 77.18 | 2.83 | 1.95 |
| 2015-12 | 23.09 | 76.91 | 2.61 | 1.72 |
| 2016-12 | 17.43 | 82.57 | 3.41 | 2.20 |
| 2016-06 | 20.47 | 79.53 | 2.91 | 1.95 |
| 2015-06 | 32.67 | 67.33 | 1.94 | 1.38 |
| 2014-12 | 30.96 | 69.04 | 2.30 | 1.73 |
| 2014-06 | 27.82 | 72.18 | 2.41 | 1.85 |
| 2013-06 | 18.63 | 81.37 | 3.62 | 2.70 |
| 2013-12 | 19.26 | 80.74 | 3.41 | 2.43 |
| 2012-12 | 14.33 | 85.67 | 4.78 | 3.32 |
| 2012-06 | 16.42 | 83.58 | 4.34 | 3.08 |
| 2011-12 | 23.71 | 76.29 | 3.47 | 2.81 |
| 2011-06 | 42.64 | 57.36 | 1.63 | 1.07 |
| 2011-03 | 46.49 | 53.51 | 1.54 | 1.13 |
| 2010-12 | 56.53 | 43.47 | 1.39 | 1.04 |
| 2009-12 | 46.60 | 53.40 | 1.64 | 1.23 |
| 2010-03 | -- | -- | -- | -- |
| 2010-06 | -- | -- | -- | -- |
| 2008-12 | 42.26 | 57.74 | 1.46 | 0.96 |
| 2025-06 | 41.32 | 58.68 | 1.72 | 0.81 |
| 2025-12 | 0.00 | 61.22 | 2.01 | 0.99 |
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 | 756314000.0000 | -- | 280535000.0000 | 18321000.0000 |
| 2024/6/30 0:00:00 | 387228000.0000 | -- | 144064000.0000 | 8894000.0000 |
| 2022/12/31 0:00:00 | 795283000.0000 | -- | 272598000.0000 | 10022000.0000 |
| 2023/6/30 0:00:00 | 380400000.0000 | -- | 137705000.0000 | 7661000.0000 |
| 2023/12/31 0:00:00 | 793645000.0000 | -- | 283048000.0000 | 18998000.0000 |
| 2021/6/30 0:00:00 | 403686000.0000 | -- | 120244000.0000 | 10596000.0000 |
| 2021/12/31 0:00:00 | 780604000.0000 | -- | 236961000.0000 | 21481000.0000 |
| 2022/6/30 0:00:00 | 360492000.0000 | -- | 142348000.0000 | -2852000.0000 |
| 2019/12/31 0:00:00 | 739231000.0000 | -- | 232971000.0000 | 29154000.0000 |
| 2020/6/30 0:00:00 | 284994000.0000 | -- | 119304000.0000 | 14636000.0000 |
| 2020/12/31 0:00:00 | 666755000.0000 | -- | 222486000.0000 | 22836000.0000 |
| 2018/6/30 0:00:00 | 318091000.0000 | -- | 112171000.0000 | -1088000.0000 |
| 2019/6/30 0:00:00 | 325411000.0000 | -- | 119632000.0000 | 14354000.0000 |
| 2018/12/31 0:00:00 | 649812000.0000 | -- | 224734000.0000 | 921000.0000 |
| 2017/12/31 0:00:00 | 621288000.0000 | -- | 205555000.0000 | -2671000.0000 |
| 2017/6/30 0:00:00 | 303898000.0000 | -- | 106239000.0000 | -339000.0000 |
| 2015/12/31 0:00:00 | 586445000.0000 | -- | 200384000.0000 | 34986000.0000 |
| 2016/12/31 0:00:00 | 575437000.0000 | -- | 203792000.0000 | -6632000.0000 |
| 2016/6/30 0:00:00 | 286701000.0000 | -- | 106186000.0000 | -4250000.0000 |
| 2015/6/30 0:00:00 | 297572000.0000 | -- | 102837000.0000 | -6623000.0000 |
| 2014/12/31 0:00:00 | 638720000.0000 | -- | 204891000.0000 | -15150000.0000 |
| 2014/6/30 0:00:00 | 336259000.0000 | -- | 105856000.0000 | -4993000.0000 |
| 2013/6/30 0:00:00 | 321924000.0000 | -- | 95514000.0000 | -1998000.0000 |
| 2013/12/31 0:00:00 | 644388000.0000 | -- | 192443000.0000 | -11164000.0000 |
| 2012/12/31 0:00:00 | 611894000.0000 | -- | 204697000.0000 | 1819000.0000 |
| 2012/6/30 0:00:00 | 312728000.0000 | -- | 110559000.0000 | -523000.0000 |
| 2011/12/31 0:00:00 | 673759000.0000 | -- | 176506000.0000 | 19298000.0000 |
| 2011/6/30 0:00:00 | 324848000.0000 | -- | 79157000.0000 | 9006000.0000 |
| 2011/3/31 0:00:00 | 179971000.0000 | -- | 37018000.0000 | 4775000.0000 |
| 2010/12/31 0:00:00 | 557264000.0000 | -- | 107143000.0000 | 8845000.0000 |
| 2009/12/31 0:00:00 | 389343000.0000 | -- | 55144000.0000 | 8975000.0000 |
| 2010/3/31 0:00:00 | 148748000.0000 | -- | 15158000.0000 | 2687000.0000 |
| 2010/6/30 0:00:00 | 250304000.0000 | -- | 29635000.0000 | 4334000.0000 |
| 2008/12/31 0:00:00 | 314847000.0000 | -- | 40269000.0000 | 9118000.0000 |
| 2025/6/30 0:00:00 | 318722000.0000 | -- | 127243000.0000 | 9077000.0000 |
| 2025/12/31 0:00:00 | 630261000.0000 | -- | 252224000.0000 | 14362000.0000 |