中商官网
研究报告
百胜中国（HK9987）
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 （%) |
| 2024-12 | 11165000000.0000 | 2.88 | 7778000000.0000 | 1.97 | 1331000000.0000 | 8.56 | 911000000.0000 | 10.16 |
| 2025-03 | 2949000000.0000 | 0.79 | 2075000000.0000 | 2.22 | 432000000.0000 | 2.86 | 292000000.0000 | 1.74 |
| 2024-09 | 8708000000.0000 | 2.63 | 6097000000.0000 | 1.30 | 1161000000.0000 | 6.71 | 796000000.0000 | 9.04 |
| 2024-06 | 5572000000.0000 | 1.00 | 3879000000.0000 | -0.77 | 725000000.0000 | 0.28 | 499000000.0000 | 2.67 |
| 2024-03 | 2926000000.0000 | 1.25 | 2030000000.0000 | -1.22 | 420000000.0000 | -3.89 | 287000000.0000 | -0.69 |
| 2023-12 | 10852000000.0000 | 14.50 | 7628000000.0000 | 14.84 | 1226000000.0000 | 78.46 | 827000000.0000 | 87.10 |
| 2023-09 | 8485000000.0000 | 13.42 | 6019000000.0000 | 14.10 | 1088000000.0000 | 79.24 | 730000000.0000 | 87.66 |
| 2023-03 | 2890000000.0000 | 9.10 | 2055000000.0000 | 10.66 | 437000000.0000 | 163.25 | 289000000.0000 | 189.00 |
| 2023-06 | 5517000000.0000 | 16.00 | 3909000000.0000 | 17.14 | 723000000.0000 | 157.30 | 486000000.0000 | 165.57 |
| 2022-12 | 9478000000.0000 | -3.06 | 6642000000.0000 | -4.64 | 687000000.0000 | -50.65 | 442000000.0000 | -55.35 |
| 2022-09 | 7481000000.0000 | -1.07 | 5275000000.0000 | -2.84 | 607000000.0000 | -19.82 | 389000000.0000 | -24.47 |
| 2022-06 | 4756000000.0000 | -4.48 | 3337000000.0000 | -7.02 | 281000000.0000 | -53.32 | 183000000.0000 | -55.47 |
| 2021-09 | 7562000000.0000 | 26.92 | 5429000000.0000 | 27.83 | 757000000.0000 | -14.37 | 515000000.0000 | -18.64 |
| 2021-12 | 9777000000.0000 | 19.36 | 6965000000.0000 | 19.08 | 1392000000.0000 | 25.63 | 990000000.0000 | 26.28 |
| 2022-03 | 2649000000.0000 | 4.13 | 1857000000.0000 | 0.92 | 166000000.0000 | -51.88 | 100000000.0000 | -56.52 |
| 2021-06 | 4979000000.0000 | 37.16 | 3589000000.0000 | 39.16 | 602000000.0000 | 115.77 | 411000000.0000 | 111.86 |
| 2021-03 | 2544000000.0000 | 45.87 | 1840000000.0000 | 47.32 | 345000000.0000 | 252.04 | 230000000.0000 | 270.97 |
| 2020-09 | 5958000000.0000 | -11.35 | 4247000000.0000 | -11.98 | 884000000.0000 | 1.03 | 633000000.0000 | 1.61 |
| 2020-12 | 8191000000.0000 | -6.14 | 5849000000.0000 | -6.39 | 1108000000.0000 | 10.47 | 784000000.0000 | 9.96 |
| 2020-03 | 1744000000.0000 | -- | 1249000000.0000 | -- | 98000000.0000 | -- | 62000000.0000 | -- |
| 2019-12 | 8727000000.0000 | 4.18 | 6248000000.0000 | 3.26 | 1003000000.0000 | 5.58 | 713000000.0000 | 0.71 |
| 2020-06 | 3630000000.0000 | -17.76 | 2579000000.0000 | -18.62 | 279000000.0000 | -49.55 | 194000000.0000 | -51.50 |
| 2019-06 | 4414000000.0000 | -- | 3169000000.0000 | -- | 553000000.0000 | -- | 400000000.0000 | -- |
| 2019-09 | 6721000000.0000 | -- | 4825000000.0000 | -- | 875000000.0000 | -- | 623000000.0000 | -- |
| 2018-12 | 8377000000.0000 | 8.33 | 6051000000.0000 | 6.18 | 950000000.0000 | 18.31 | 708000000.0000 | 77.89 |
| 2017-12 | 7733000000.0000 | -- | 5699000000.0000 | -- | 803000000.0000 | -- | 398000000.0000 | -- |
| 2025-06 | 5701000000.0000 | 2.32 | 4017000000.0000 | 3.56 | 745000000.0000 | 2.76 | 507000000.0000 | 1.60 |
| 2025-09 | 8974000000.0000 | 3.05 | 6351000000.0000 | 4.17 | 1152000000.0000 | -0.78 | -- | -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 | 69.66 | 11.5600 | 11.97 | 15.9000 | 8.36 | -- | 1.00 |
| 2025-03 | 70.36 | 14.4100 | 3.93 | 5.0500 | 2.66 | -- | 0.27 |
| 2024-09 | 70.02 | 12.7600 | 9.84 | 13.2300 | 7.27 | -- | 0.74 |
| 2024-06 | 69.62 | 12.7200 | 6.27 | 8.5900 | 4.68 | -- | 0.48 |
| 2024-03 | 69.38 | 14.0800 | 3.72 | 4.8900 | 2.60 | -- | 0.26 |
| 2023-12 | 70.29 | 11.7500 | 10.19 | 12.9100 | 7.60 | -- | 0.90 |
| 2023-09 | 70.94 | 13.2000 | 9.01 | 11.1100 | 5.89 | -- | 0.70 |
| 2023-03 | 71.11 | 15.7100 | 3.65 | 4.3300 | 2.21 | -- | 0.24 |
| 2023-06 | 70.85 | 13.6100 | 6.19 | 7.4200 | 4.06 | -- | 0.47 |
| 2022-12 | 70.08 | 7.5200 | 5.81 | 6.8200 | 6.80 | -- | 0.80 |
| 2022-09 | 70.51 | 8.5400 | 5.19 | 6.0600 | 6.87 | -- | 0.64 |
| 2022-06 | 70.16 | 6.2700 | 2.33 | 2.8000 | 4.02 | -- | 0.39 |
| 2021-09 | 71.79 | 10.0100 | 6.58 | 7.7900 | 5.47 | -- | 0.66 |
| 2021-12 | 71.24 | 14.7900 | 10.53 | 14.0300 | 6.51 | -- | 0.74 |
| 2022-03 | 70.10 | 7.6600 | 1.31 | 1.4500 | 2.30 | -- | 0.21 |
| 2021-06 | 72.08 | 12.0900 | 5.33 | 6.2500 | 3.66 | -- | 0.44 |
| 2021-03 | 72.33 | 14.0300 | 3.18 | 3.6100 | 2.04 | -- | 0.23 |
| 2020-09 | 71.28 | 14.8400 | 8.51 | 10.6200 | 4.95 | -- | 0.57 |
| 2020-12 | 71.41 | 12.2600 | 10.19 | 12.6300 | 5.88 | -- | 0.75 |
| 2020-03 | 71.62 | 6.0800 | -- | -- | -- | -- | -- |
| 2019-12 | 71.59 | 10.7700 | 14.43 | 23.1700 | 6.52 | -- | 1.26 |
| 2020-06 | 71.05 | 7.6900 | 4.01 | 6.0600 | 3.04 | -- | 0.52 |
| 2019-06 | 71.79 | 12.5300 | -- | -- | -- | -- | -- |
| 2019-09 | 71.79 | 13.0200 | -- | -- | -- | -- | -- |
| 2018-12 | 72.23 | 11.6600 | 20.61 | 24.6400 | 7.58 | -- | 1.82 |
| 2017-12 | 73.70 | 10.3800 | 18.73 | 14.3900 | 6.85 | -- | 1.80 |
| 2025-06 | 70.46 | 13.2300 | 6.78 | 8.7600 | 4.68 | -- | 0.52 |
| 2025-09 | 70.77 | -- | 10.44 | -- | 6.74 | -- | 0.81 |
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 | 42.33 | 57.79 | 1.18 | 1.00 |
| 2025-03 | 41.47 | 58.53 | 1.26 | 1.11 |
| 2024-09 | 43.10 | 56.90 | 1.29 | 1.15 |
| 2024-06 | 44.08 | 55.92 | 1.23 | 1.09 |
| 2024-03 | 41.79 | 58.21 | 1.39 | 1.24 |
| 2023-12 | 40.94 | 59.17 | 1.42 | 1.24 |
| 2023-09 | 39.97 | 60.03 | 1.59 | 1.42 |
| 2023-03 | 38.01 | 61.99 | 1.77 | 1.59 |
| 2023-06 | 38.18 | 61.82 | 1.71 | 1.53 |
| 2022-12 | 39.56 | 60.44 | 1.82 | 1.63 |
| 2022-09 | 38.83 | 61.17 | 2.24 | 2.09 |
| 2022-06 | 39.53 | 60.47 | 2.13 | 1.96 |
| 2021-09 | 40.34 | 59.66 | 2.32 | 2.14 |
| 2021-12 | 40.20 | 59.80 | 1.98 | 1.80 |
| 2022-03 | 39.12 | 60.88 | 2.05 | 1.88 |
| 2021-06 | 39.70 | 60.30 | 2.38 | 2.20 |
| 2021-03 | 39.09 | 60.91 | 2.47 | 2.30 |
| 2020-09 | 40.35 | 59.65 | 2.39 | 2.22 |
| 2020-12 | 40.61 | 59.39 | 2.39 | 2.20 |
| 2020-03 | -- | -- | -- | -- |
| 2019-12 | 54.32 | 45.68 | 1.30 | 1.08 |
| 2020-06 | 52.97 | 47.03 | 1.34 | 1.14 |
| 2019-06 | -- | -- | -- | -- |
| 2019-09 | -- | -- | -- | -- |
| 2018-12 | 35.44 | 64.56 | 1.56 | 1.31 |
| 2017-12 | 33.71 | 66.29 | 1.76 | 1.47 |
| 2025-06 | 41.10 | 58.90 | 1.39 | 1.22 |
| 2025-09 | 42.12 | 57.88 | -- | -- |
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) |
| 2024/12/31 0:00:00 | 3387000000.0000 | -- | 6153000000.0000 | -129000000.0000 |
| 2025/3/31 0:00:00 | 874000000.0000 | -- | 1545000000.0000 | -26000000.0000 |
| 2024/9/30 0:00:00 | 2611000000.0000 | -- | 4640000000.0000 | -100000000.0000 |
| 2024/6/30 0:00:00 | 1693000000.0000 | -- | 3018000000.0000 | -69000000.0000 |
| 2024/3/31 0:00:00 | 896000000.0000 | -- | 1545000000.0000 | -38000000.0000 |
| 2023/12/31 0:00:00 | 3224000000.0000 | -- | 6115000000.0000 | -169000000.0000 |
| 2023/9/30 0:00:00 | 2466000000.0000 | -- | 4630000000.0000 | -124000000.0000 |
| 2023/3/31 0:00:00 | 835000000.0000 | -- | 1537000000.0000 | -38000000.0000 |
| 2023/6/30 0:00:00 | 1608000000.0000 | -- | 3030000000.0000 | -78000000.0000 |
| 2022/12/31 0:00:00 | 2836000000.0000 | -- | 5587000000.0000 | -84000000.0000 |
| 2022/9/30 0:00:00 | 2206000000.0000 | -- | 4302000000.0000 | -51000000.0000 |
| 2022/6/30 0:00:00 | 1419000000.0000 | -- | 2851000000.0000 | -26000000.0000 |
| 2021/9/30 0:00:00 | 2133000000.0000 | -- | 4078000000.0000 | -47000000.0000 |
| 2021/12/31 0:00:00 | 2812000000.0000 | -- | 5486000000.0000 | -60000000.0000 |
| 2022/3/31 0:00:00 | 792000000.0000 | -- | 1556000000.0000 | -12000000.0000 |
| 2021/6/30 0:00:00 | 1390000000.0000 | -- | 2651000000.0000 | -31000000.0000 |
| 2021/3/31 0:00:00 | 704000000.0000 | -- | 1322000000.0000 | -15000000.0000 |
| 2020/9/30 0:00:00 | 1711000000.0000 | -- | 3196000000.0000 | -28000000.0000 |
| 2020/12/31 0:00:00 | 2342000000.0000 | -- | 4435000000.0000 | -43000000.0000 |
| 2020/3/31 0:00:00 | 495000000.0000 | -- | 987000000.0000 | -9000000.0000 |
| 2019/12/31 0:00:00 | 2479000000.0000 | -- | 4667000000.0000 | -39000000.0000 |
| 2020/6/30 0:00:00 | 1051000000.0000 | -- | 2005000000.0000 | -17000000.0000 |
| 2019/6/30 0:00:00 | 1245000000.0000 | -- | 2324000000.0000 | -19000000.0000 |
| 2019/9/30 0:00:00 | 1896000000.0000 | -- | 3515000000.0000 | -29000000.0000 |
| 2018/12/31 0:00:00 | 2326000000.0000 | -- | 4564000000.0000 | -36000000.0000 |
| 2017/12/31 0:00:00 | 2034000000.0000 | -- | 4283000000.0000 | -25000000.0000 |
| 2025/6/30 0:00:00 | 1684000000.0000 | -- | 3057000000.0000 | -51000000.0000 |
| 2025/9/30 0:00:00 | 2623000000.0000 | -- | 4740000000.0000 | -74000000.0000 |