上市公司績效評價課程設(shè)計

1、財務(wù)分析課程設(shè)計報告報告題目xxx上市公司績效評價專業(yè)年級學生姓名聯(lián)系電話學生學號課程時間st康達爾（000048）上市公司績效評價一、公司概況本公司系于1994年根據(jù)深圳市人民政府批準在深圳康達爾實業(yè)總公司的基礎(chǔ)上進行股份制改組,由深圳市龍崗區(qū)投資管理有限公司作為獨家發(fā)起人,向社會公眾募集面值1元的2,180萬股普通股而成立的股份有限公司。主營:養(yǎng)殖肉雞、雞苗、禽蛋、生產(chǎn)制造肉制品、飲料、雞場設(shè)備、自釀鮮啤、興辦實業(yè)(具體項目另行申報);生產(chǎn)銷售飼料;商貿(mào);公共交通;自來水供應(yīng);在合法取得使用權(quán)的土地上從事房地產(chǎn)開發(fā)經(jīng)營;房屋租賃等。 二、評價依據(jù)（一）評價年限 2011年度。（二

2、）評價標準st康達爾 企業(yè)效績評價標準（2010）農(nóng)林牧漁業(yè)范圍：大型企業(yè)權(quán)數(shù)1權(quán)數(shù)2項目單位優(yōu)秀值良好值平均值較低值較差值3434一、盈利能力狀況20凈資產(chǎn)收益率14.4 10.2 5.1 -1.8 -7.2 14總資產(chǎn)報酬率11.2 8.5 4.9 -0.9 -7.1 10銷售(營業(yè))利潤率 24.4 17.5 13.1 7.1 -1.9 9盈余現(xiàn)金保障倍數(shù)倍10.8 4.7 1.8 0.8 -1.1 8成本費用利潤率11.5 9.5 5.0 -1.1 -11.7 7資本收益率%17.1 12.3 5.2 -2.8 -10.7 2222二、周轉(zhuǎn)能力狀況10總資產(chǎn)周轉(zhuǎn)率1.6 1.2 0.9

3、 0.5 0.2 12應(yīng)收賬款周轉(zhuǎn)率25.8 17.5 9.9 7.8 3.9 9不良資產(chǎn)比率（新制度）0.7 2.8 5.9 11.1 17.6 7流動資產(chǎn)周轉(zhuǎn)率次3.3 2.2 1.4 1.1 0.8 6資產(chǎn)現(xiàn)金回收率10.7 6.2 1.8 0.2 -6.6 2222三、償債能力情況12資產(chǎn)負債率38.4 49.0 66.1 80.8 86.8 10已獲利息倍數(shù)倍6.6 4.3 2.8 2.6 0.8 6速動比率117.8 90.7 66.8 49.5 34.7 6現(xiàn)金流動負債比率24.2 16.3 8.1 2.2 -9.0 5帶息負債比率21.1 31.6 40.6 62.1 82.4

4、 5或有負債比率1.1 2.1 6.8 15.5 24.1 2222四、發(fā)展能力狀況12銷售(營業(yè))增長率29.9 24.7 19.0 8.7 -6.5 10資本保值增值率111.8 107.3 102.4 96.8 91.2 10銷售(營業(yè))利潤增長率 24.3 17.6 10.7 -6.1 -20.0 7總資產(chǎn)增長率14.2 7.8 2.7 -4.6 -9.8 5技術(shù)投入比率1.6 1.1 0.8 0.5 0.2 三、企業(yè)效績評價結(jié)論（一）企業(yè)財務(wù)效益狀況評價（1） 盈利能力是企業(yè)財務(wù)評價中的核心，包括銷售盈利能力分析，對資產(chǎn)企業(yè)能力分析和對股份公司盈利能力分析。（2） 其中，資本收益率和

5、凈資產(chǎn)收益率都有大幅度的增長，而這兩項指標都是企業(yè)資本的盈利能力，是凈利潤和資本的比值，說明企業(yè)在2011年獲取利潤的能力增強，投資帶來的收提高。（3） 隨著企業(yè)營業(yè)利潤的增長，營業(yè)利潤率卻增長緩慢，表明企業(yè)營業(yè)收入中成本和期間費用的比重增大，成本費用利潤率的大幅增長也影響也企業(yè)的盈利能力。（4） 而總資產(chǎn)報酬率三年以來都穩(wěn)定大幅提高，這個指標是對企業(yè)資產(chǎn)的使用效益進行評價，表明資產(chǎn)的利用效益好，利用資產(chǎn)創(chuàng)造的利潤多，整個企業(yè)盈利能力增強，財務(wù)管理水平提高。（二）資產(chǎn)營運狀況評價（1） 營運能力是企業(yè)使用資產(chǎn)的效率。其分析要考慮企業(yè)資產(chǎn)質(zhì)量，變現(xiàn)能力和周轉(zhuǎn)能力。（2） 企業(yè)2011年的總資產(chǎn)周

6、轉(zhuǎn)率，流動資產(chǎn)周轉(zhuǎn)率都要低于2010年，說明資產(chǎn)的周轉(zhuǎn)速度變慢，企業(yè)運用資產(chǎn)賺取利潤的能力減弱，從而影響營運能力。（3） 應(yīng)收賬款周轉(zhuǎn)率也在下降，表示企業(yè)平均收賬期變長，應(yīng)收賬款收回越慢，企業(yè)的營運資金過多的呆滯在應(yīng)收賬款上，影響企業(yè)的資金周轉(zhuǎn)。（4） 資產(chǎn)現(xiàn)金回收率是企業(yè)經(jīng)營活動現(xiàn)金凈流量與平均總資產(chǎn)的比值，在2011年企業(yè)有2009年逐步下降，影響營運能力。（三） 償債能力狀況評價（1） 償債能力分析的核心是企業(yè)資產(chǎn)與負債的對稱程度，包括短期償債能和長期償債能力。對償債能力分析主要從負債內(nèi)部結(jié)構(gòu)和資產(chǎn)與負債的對稱兩方面評價。（2） 公司在2001年速動比率，相對往年有顯著增加，從2000年

7、的13.49%上升到2011年的91.31%，反映了企業(yè)的流動資產(chǎn)的變現(xiàn)能力增強，流動負債的安全性和穩(wěn)定性有所提高，短期償債能力提高?，F(xiàn)金流動負債比率，是經(jīng)營活動現(xiàn)金進流入與流動負債的比值，在2011年也體改到189.30%，共同說明了企業(yè)在2011年短期償債能力增強。（3） 資產(chǎn)負債率下降至64.27%，表示企業(yè)債務(wù)籌資占企業(yè)全部資產(chǎn)的比重在減小，企業(yè)對債權(quán)人投入資本的保障程度越高，長期償債能力在增強。已獲利息倍數(shù)增長幅度較大，說明企業(yè)獲得的息稅前利潤來承擔支付債務(wù)利息的能力越強，從而長期償債能力增強。（4） 企業(yè)資產(chǎn)負債表結(jié)構(gòu)分析顯示，在本年度企業(yè)的流動負債略有下降，非流動負債有增長，負債

8、總額的結(jié)構(gòu)比重顯著下降。綜上所訴，企業(yè)在2011年的償債能力有所提高。（四）發(fā)展能力狀況評價（1） 發(fā)展能力又稱成長能力，通常是對企業(yè)未來盈利能力進行分析。（2） 2011年企業(yè)的銷售增長率有所提高，說明企業(yè)產(chǎn)品市場前景好，有良好的銷售業(yè)績不僅帶動企業(yè)的生產(chǎn)規(guī)模以及相關(guān)業(yè)務(wù)的發(fā)展，還為企業(yè)贏得了一個更加廣闊的發(fā)展空間，主營業(yè)務(wù)收入增加，盈利趨勢略見樂觀。但是企業(yè)的利潤增長率卻急劇下降，有可能是成本費用過高對盈利能力產(chǎn)生了重大影響。（3） 資本保值增值與本期籌資和其他事項無關(guān)，與本期利潤分配也無關(guān)，而是取決于當期實現(xiàn)的經(jīng)濟效益。該指標表示企業(yè)當年資本在企業(yè)自身的努力下的實際增減變動情況，企業(yè)在2

9、011年資本保值增值了驟降，表明企業(yè)的資本保全狀況不好，所有者權(quán)益增長急劇下降，債權(quán)人的債務(wù)缺乏保障，企業(yè)發(fā)展能力減弱。（五）結(jié)論與建議(1) 綜合分析顯示，st康達爾公司基本指標得分為70.63分，修正指標得分69.33分，評議指標得分46.90分，最后得分60.60分，評價級別為c級。(2) 綜上所述，企業(yè)在2011年盈利能力，償債能力都在提高，而運營能力和發(fā)展能力卻不容樂觀，因此，企業(yè)應(yīng)該在保證盈利能力和償債能力的基礎(chǔ)上，增強對企業(yè)資產(chǎn)的運用效率和效果，增強營運能力和發(fā)展能力。(3) 建議： (4) 加強應(yīng)收賬款的管理，建立適合公司實際情況的信用期、信用標準和現(xiàn)金折扣政策，通過比較各種收

10、賬方案，選擇資金占用成本最小的方案，以實現(xiàn)利潤的最大化。(5) 盡量將銀行融資改成通過二級市場增發(fā)來募集資金，由于權(quán)益融資沒有還款期，短期償債壓力就會減少很多，而且沒有固定的利率，不需要定期支付利息，這也會減少一定量的現(xiàn)金支出；(6) 當短期內(nèi)通過二級市場難以融資時，應(yīng)盡量與銀行協(xié)商，將短期的貸款變成中長期貸款，這樣雖然會在利息成本上有所損失，但是可以緩解短期內(nèi)的償債壓力，減少現(xiàn)金流出。(7) 提高生產(chǎn)效率，降低成本費用，增加企業(yè)的凈利潤，增強發(fā)展能力。(8) 加大科技支出，增強企業(yè)的自主創(chuàng)新意識，從而提高企業(yè)的可持續(xù)增長力。(9) 促進企業(yè)生產(chǎn)經(jīng)營的多元化，以增加利潤，降低經(jīng)營風險。四、效績

11、評價附表st康達爾（000048）比較資產(chǎn)負債表報告期2008-12-312009-12-312010-12-312011-12-31流動資產(chǎn)貨幣資金157,535,213.15115,438,676.5349,372,505.71553,267,835.04交易性金融資產(chǎn)0000應(yīng)收票據(jù)200,000應(yīng)收賬款25,874,817.8422,328,691.4617,492,637.2030,686,481.45預(yù)付賬款44,233,334.183,390,740.255,000,712.0116,009,910.19應(yīng)收股利0000應(yīng)收利息0000其他應(yīng)收款23,222,617.6227,9

12、94,636.5424,443,781.1435,826,879.22存貨453,831,740.17152,639,806.12104,169,697.4297,093,386.27待攤費用0000流動資產(chǎn)合計704,897,722.96321,792,550.90200,479,333.48732,884,492.17非流動資產(chǎn)投資性房地產(chǎn)14,787,635.0214,124,546.1021,078,624.9420,079,356.14長期股權(quán)投資17,351,208.1820,737,521.0820,167,278.456,404,847.24長期應(yīng)收款0000固定資產(chǎn)359,6

13、93,220.92327,191,658.79317,220,389.60306,859,290.99在建工程1,340,171.169,174,571.7133,970,738.2755,260,842.71固定資產(chǎn)清理0000生產(chǎn)性生物資產(chǎn)15,473,524.0218,370,559.5219,676,961.5013,619,653.96無形資產(chǎn)135,539,125.83134,108,120.42151,532,598.8594,120,963.10開發(fā)支出0000商譽0000長期待攤費用003,952,359.396,847,022.31遞延所得稅資產(chǎn)7,086,631.7271

14、7,851.781,172,069.913,385,424.95非流動資產(chǎn)合計551,271,516.85524,424,829.40568,771,020.91506,577,401.40資產(chǎn)總計1,256,169,239.81846,217,380.30769,250,354.391,239,461,893.57流動負債短期借款397,568,126.10255,150,233.21258,127,733.94151,530,871.97應(yīng)付票據(jù)應(yīng)付賬款39,717,524.23140,038,460.17118,290,195.03141,815,151.98預(yù)收賬款464,864,24

15、3.7546,932,764.8922,651,371.3915,366,063.51應(yīng)付職工薪酬19,661,46520,462,762.8524,349,701.9911,523,444.99應(yīng)交稅費31,587,406.4148,660,680.0330,673,747.09162,989,055.47應(yīng)付利息52,127,581.2250,055,720.3659,175,373.3638,639,797.98應(yīng)付股利6,136,861.046,136,861.046,136,861.046,136,861.04其他應(yīng)付款220,352,381.64164,958,805.66173,

16、501,031.09161,291,590.25預(yù)計負債15,277,254.3218,367,800.0400一年內(nèi)到期的非流動負債33,040,00024,040,00021,154,138.287,040,000流動負債合計1,265,055,589.39756,436,288.21714,060,153.21696,332,837.19非流動負債長期借款49,153,110.8217,976,035.5700應(yīng)付債券00000長期應(yīng)付款2,690,866.983,050,163.683,513,441.314,203,923.28專項應(yīng)付款51,250,00051,250,00051,

17、250,00055,358,107.58遞延所得稅負債0000其他非流動負債8,005,741.296,975,741.296,873,741.296,358,741.29影響非流動負債其他科目0042,074,305.940非流動負債合計126,376,973.4197,619,740.58103,711,488.54100,223,123.23負債合計1,391,432,562.80854,056,028.79817,771,641.75796,555,960.42所有者權(quán)益實收資本（或股本）390,768,671390,768,671390,768,671390,768,671資本公積金

18、43,347,482.2944,366,748.8944,366,748.8944,366,748.89盈余公積金921,230.05921,230.05921,230.05921,230.05未分配利潤-640,186,445.47-522,644,557.81-569,829,070.23-86,780,968.29庫存股外幣報表折算差額7,297,486.637,348,013.868,353,243.609,641,398.70未確認的投資損失0000少數(shù)股東權(quán)益0000歸屬于母公司股東權(quán)益合計-197,851,575.50-79,239,894.01-125,419,176.6935

19、8,917,080.35所有者權(quán)益合計-135,263,322.99-7,838,648.49-48,521,287.36442,905,933.15負債及所有者權(quán)益總計1,256,169,239.81846,217,380.30769,250,354.391,239,461,893.57st康達爾（000048）比較利潤表報告期2008-12-312009-12-312010-12-312011-12-31一、營業(yè)總收入945,739,226.381,435,632,063.521,162,208,056.261,329,788,759.26營業(yè)收入938,872,220.561,430,6

20、21,858.871,162,208,056.261,329,788,759.26二、營業(yè)總成本973,501,203.971,364,657,277.391,166,868,361.761,300,734,304.05營業(yè)成本829,018,808.341,217,785,209.381,013,299,932.691,167,874,695.09營業(yè)稅金及附加3,681,050.4632,283,860.9811,897,249.407,061,463.71銷售費用31,517,097.1123,424,365.7223,515,408.9323,472,213.08管理費用71,073,

21、672.6862,079,013.3385,481,118.5985,038,529.04財務(wù)費用34,144,806.8028,329,297.5018,667,036.8514,790,420.68資產(chǎn)減值損失4,065,768.58755,530.4814,007,615.302,496,982.45三、其他經(jīng)營收益1,069,793.831,005,229.741,288,155.10投資凈收益937,692.531,815,133.42-1,190,780.85-766,431.21四、營業(yè)利潤-26,824,285.0672,789,919.55-5,851,086.3528,28

22、8,024營業(yè)外收入75,658,932.975,556,410.202,707,389.32616,556,719.05營業(yè)外支出2,826,161.413,995,170.6829,735,204.6815,659,720.89非流動資產(chǎn)處置凈損失7,585.791,416,910.64五、利潤總額46,008,486.5074,351,159.07-32,878,901.71629,185,022.16所得稅4,225,262.8423,277,482.459,472,509.29137,404,327.90未確認的投資損失六、凈利潤41,783,223.6651,073,676.62-

23、42,351,411491,780,694.26少數(shù)股東損益5,663,251.495,322,548.124,833,101.428,732,592.32歸屬于母公司股東的凈利潤36,119,972.1745,751,128.50-47,184,512.42483,048,101.94七、每股收益基本每股收益0.090.12-0.121.24稀釋每股收益0.090.12-0.121.24st康達爾（000048）比較現(xiàn)金流量表報告期2008-12-312009-12-312010-12-312011-12-31一、經(jīng)營活動產(chǎn)生的現(xiàn)金流量銷售商品、提供勞務(wù)收到的現(xiàn)金1,239,505,241.

24、221,233,351,707.011,130,400,212.321,298,027,726.63收到其他與經(jīng)營活動有關(guān)的現(xiàn)金22,803,660.4228,077,392.5219,385,981.5420,128,581.38經(jīng)營活動現(xiàn)金流入小計1,262,308,901.641,261,429,099.531,149,786,193.861,318,156,308.01購買商品、接受勞務(wù)支付的現(xiàn)金931,925,671.11852,869,337.65899,652,498.911,075,413,538.06支付給職工以及為職工支付的現(xiàn)金67,701,247.2169,336,183

25、.0577,160,306.0295,546,214.39支付的各項稅費32,222,583.1163,170,339.0957,358,567.7829,668,582.04支付其他與經(jīng)營活動有關(guān)的現(xiàn)金69,335,913.9270,888,010.4973,641,414.6087,611,214.95經(jīng)營活動現(xiàn)金流出小計1,101,185,415.351,056,263,870.281,107,812,787.311,288,239,549.44經(jīng)營活動產(chǎn)生的現(xiàn)金流量凈額161,123,486.29205,165,229.2541,973,406.5529,916,758.57二、投資活

26、動產(chǎn)生的現(xiàn)金流量收回投資收到的現(xiàn)金1,443,2000986,00015,206,696處置固定資產(chǎn)、無形資產(chǎn)和其他長期6,347,524.14796,892567,008698,970,774.75資產(chǎn)收回的現(xiàn)金凈額投資活動現(xiàn)金流入小計7,790,724.14796,8921,553,008714,177,470.75購建固定資產(chǎn)、無形資產(chǎn)和其他長期資產(chǎn)支付的現(xiàn)金68,733,715.6533,923,930.9283,719,895.0974,667,753.92投資支付的現(xiàn)金04,332,00000支付其他與投資活動有關(guān)的現(xiàn)金01,362,381.98010,000,000投資活動現(xiàn)金流

27、出小計68,733,715.6539,618,312.9083,719,895.0984,667,753.92投資活動產(chǎn)生的現(xiàn)金流量凈額-60,942,991.51-38,821,420.90-82,166,887.09629,509,716.83三、籌資活動產(chǎn)生的現(xiàn)金流量吸收投資收到的現(xiàn)金04,900,00000取得借款收到的現(xiàn)金163,851,000102,332,00090,418,200.60111,557,700收到其他與籌資活動有關(guān)的現(xiàn)金50,000,000000籌資活動現(xiàn)金流入小計213,851,000107,232,00090,418,200.60111,557,700償還債務(wù)

28、支付的現(xiàn)金216,130,969.23281,435,604.61105,592,462.29231,813,326.47支付其他與籌資活動有關(guān)的現(xiàn)金69,335,91370,888,010.4973,641,414.6087,611,214.95籌資活動現(xiàn)金流出小計264,231,285312,383,288115,462,479272,959,027籌資活動產(chǎn)生的現(xiàn)金流量凈額-50,380,285-205,151,288-25,044,279-161,401,327資產(chǎn)負債表結(jié)構(gòu)分析項目結(jié)構(gòu)（%）變動率2008200920102011200920102011流動資產(chǎn)貨幣資金12.54%13

29、.64%6.42%44.64%1.10%-7.22%38.22%交易性金融資產(chǎn)0.00%0.00%0.00%0.00%0.00%0.00%0.00%應(yīng)收票據(jù)0.02%0.00%0.00%0.00%-0.02%0.00%0.00%應(yīng)收賬款2.06%2.64%2.27%2.48%0.58%-0.36%0.20%預(yù)付賬款3.52%0.40%0.65%1.29%-3.12%0.25%0.64%應(yīng)收股利0.00%0.00%0.00%0.00%0.00%0.00%0.00%應(yīng)收利息0.00%0.00%0.00%0.00%0.00%0.00%0.00%其他應(yīng)收款1.85%3.31%3.18%2.89%1.4

30、6%-0.13%-0.29%存貨36.13%18.04%13.54%7.83%-18.09%-4.50%-5.71%流動資產(chǎn)合計56.11%38.03%26.06%59.13%-18.09%-11.97%33.07%非流動資產(chǎn)投資性房地產(chǎn)1.18%1.67%2.74%1.62%0.49%1.07%-1.12%長期股權(quán)投資1.38%2.45%2.62%0.52%1.07%0.17%-2.10%長期應(yīng)收款0.00%0.00%0.00%0.00%0.00%0.00%0.00%固定資產(chǎn)28.63%38.67%41.24%24.76%10.03%2.57%-16.48%工程物資0.00%0.00%0.0

31、0%0.00%0.00%0.00%0.00%在建工程0.11%1.08%4.42%4.46%0.98%3.33%0.04%生產(chǎn)性生物資產(chǎn)1.23%2.17%2.56%1.10%0.94%0.39%-1.46%油氣資產(chǎn)0.00%0.00%0.00%0.00%0.00%0.00%0.00%無形資產(chǎn)10.79%15.85%19.70%7.59%5.06%3.85%-12.11%商譽0.00%0.00%0.00%0.00%0.00%0.00%0.00%長期待攤費用0.00%0.00%0.51%0.55%0.00%0.51%0.04%遞延所得稅資產(chǎn)0.56%0.08%0.15%0.27%-0.48%0.

32、07%0.12%非流動資產(chǎn)合計43.89%61.97%73.94%40.87%18.09%11.97%-33.07%資產(chǎn)總計100.00%100.00%100.00%100.00%0.00%0.00%0.00%流動負債短期借款28.57%29.88%31.56%19.02%1.30%1.69%-12.54%應(yīng)付賬款2.85%16.40%14.46%17.80%13.54%-1.93%3.34%預(yù)收賬款33.41%5.50%2.77%1.93%-27.91%-2.73%-0.84%應(yīng)付職工薪酬1.41%2.40%2.98%1.45%0.98%0.58%-1.53%應(yīng)交稅費2.27%5.70%3.

33、75%20.46%3.43%-1.95%16.71%應(yīng)付利息3.75%5.86%7.24%4.85%2.11%1.38%-2.39%應(yīng)付股利0.44%0.72%0.75%0.77%0.28%0.03%0.02%其他應(yīng)付款15.84%19.31%21.22%20.25%3.48%1.90%-0.97%預(yù)提費用0.00%0.00%0.00%0.00%0.00%0.00%0.00%預(yù)計負債1.10%2.15%0.00%0.00%1.05%-2.15%0.00%一年內(nèi)到期的非流動負債2.37%2.81%2.59%0.88%0.44%-0.23%-1.70%流動負債合計90.92%88.57%87.32

34、%87.42%-2.35%-1.25%0.10%非流動負債0.00%0.00%0.00%0.00%0.00%0.00%0.00%長期借款3.53%2.10%0.00%0.00%-1.43%-2.10%0.00%應(yīng)付債券0.00%0.00%0.00%0.00%0.00%0.00%0.00%長期應(yīng)付款0.19%0.36%0.43%0.53%0.16%0.07%0.10%專項應(yīng)付款3.68%6.00%6.27%6.95%2.32%0.27%0.68%遞延所得稅負債0.00%0.00%0.00%0.00%0.00%0.00%0.00%其他非流動負債0.58%0.82%0.84%0.80%0.24%0.

35、02%-0.04%影響非流動負債其他科目0.00%0.00%5.14%0.00%0.00%5.14%-5.14%非流動負債合計9.08%11.43%12.68%12.58%2.35%1.25%-0.10%負債合計110.77%100.93%106.31%64.27%-9.84%5.38%-42.04%所有者權(quán)益實收資本（或股本）-288.89%-4985.15%-805.36%88.23%-4696.26%4179.80%893.58%資本公積金-32.05%-566.00%-91.44%10.02%-533.95%474.56%101.45%盈余公積金-0.68%-11.75%-1.90%0

36、.21%-11.07%9.85%2.11%未分配利潤473.29%6667.53%1174.39%-19.59%6194.25%-5493.14%-1193.98%庫存股0.00%0.00%0.00%0.00%0.00%0.00%0.00%外幣報表折算差額-5.40%-93.74%-17.22%2.18%-88.35%76.53%19.39%歸屬于母公司股東權(quán)益合計146.27%1010.89%258.48%81.04%864.62%-752.40%-177.45%所有者權(quán)益合計-10.77%-0.93%-6.31%35.73%9.84%-5.38%42.04%利潤表結(jié)構(gòu)分析項目結(jié)構(gòu)（%）變動

37、比率報告期20082009 2010 2011 200920102011一、營業(yè)總收入100.00%100.00%100.00%100.00%0.00%0.00%0.00%營業(yè)收入99.27%99.65%100.00%100.00%0.38%0.35%0.00%二、營業(yè)總成本102.94%95.06%100.40%97.82%-7.88%5.34%-2.59%營業(yè)成本87.66%84.83%87.19%87.82%-2.83%2.36%0.64%營業(yè)稅金及附加0.39%2.25%1.02%0.53%1.86%-1.23%-0.49%銷售費用3.33%1.63%2.02%1.77%-1.70%0

38、.39%-0.26%管理費用7.52%4.32%7.36%6.39%-3.19%3.03%-0.96%財務(wù)費用3.61%1.97%1.61%1.11%-1.64%-0.37%-0.49%資產(chǎn)減值損失0.43%0.05%1.21%0.19%-0.38%1.15%-1.02%三、其他經(jīng)營收益0.00%0.07%0.09%0.10%0.07%0.01%0.01%投資凈收益0.10%0.13%-0.10%-0.06%0.03%-0.23%0.04%四、營業(yè)利潤-2.84%5.07%-0.50%2.13%7.91%-5.57%2.63%營業(yè)外收入8.00%0.39%0.23%46.37%-7.61%-0

39、.15%46.13%營業(yè)外支出0.30%0.28%2.56%1.18%-0.02%2.28%-1.38%非流動資產(chǎn)處置凈損失0.00%0.00%0.00%0.11%0.00%0.00%0.11%五、利潤總額4.86%5.18%-2.83%47.31%0.31%-8.01%50.14%所得稅0.45%1.62%0.82%10.33%1.17%-0.81%9.52%六、凈利潤4.42%3.56%-3.64%36.98%-0.86%-7.20%40.63%少數(shù)股東損益0.60%0.37%0.42%0.66%-0.23%0.05%0.24%歸屬于母公司股東的凈利潤3.82%3.19%-4.06%36.

40、33%-0.63%-7.25%40.39%現(xiàn)金流量表結(jié)構(gòu)分析結(jié)構(gòu)（%）變動比率報告期2008200920102011200920102011一、經(jīng)營活動產(chǎn)生的現(xiàn)金流量銷售商品、提供勞務(wù)收到的現(xiàn)金98.19%97.77%98.31%98.47%-0.42%0.54%0.16%收到的稅費返還0.00%0.00%0.00%0.00%0.00%0.00%0.00%收到其他與經(jīng)營活動有關(guān)的現(xiàn)金1.81%2.23%1.69%1.53%0.42%-0.54%-0.16%經(jīng)營活動現(xiàn)金流入小計85.06%92.11%92.59%61.48%7.05%0.48%-31.11%購買商品、接受勞務(wù)支付的現(xiàn)金84.63

41、%80.74%81.21%83.48%-3.89%0.47%2.27%支付給職工以及為職工支付的現(xiàn)金6.15%6.56%6.97%7.42%0.42%0.40%0.45%支付的各項稅費2.93%5.98%5.18%2.30%3.05%-0.80%-2.87%支付其他與經(jīng)營活動有關(guān)的現(xiàn)金6.30%6.71%6.65%6.80%0.41%-0.06%0.15%經(jīng)營活動現(xiàn)金流出小計76.78%75.00%84.76%78.27%-1.78%9.76%-6.49%經(jīng)營活動產(chǎn)生的現(xiàn)金流量凈額323.54%-528.67%-64.34%6.01%-852.21%464.34%70.35%二、投資活動產(chǎn)生的

42、現(xiàn)金流量收回投資收到的現(xiàn)金18.52%0.00%63.49%2.13%-18.52%63.49%-61.36%處置固定資產(chǎn)、無形資產(chǎn)和其他長期81.48%100.00%36.51%97.87%18.52%-63.49%61.36%投資活動現(xiàn)金流入小計0.52%0.06%0.13%33.31%-0.47%0.07%33.19%購建固定資產(chǎn)、無形資產(chǎn)和其他長期資產(chǎn)支付的現(xiàn)金100.00%85.63%100.00%88.19%-14.37%14.37%-11.81%支付其他與投資活動有關(guān)的現(xiàn)金0.00%3.44%0.00%11.81%3.44%-3.44%11.81%投資活動現(xiàn)金流出小計4.79%2

43、.81%6.41%5.14%-1.98%3.59%-1.26%投資活動產(chǎn)生的現(xiàn)金流量凈額-122.37%100.04%125.95%126.40%222.41%25.91%0.45%三、籌資活動產(chǎn)生的現(xiàn)金流量吸收投資收到的現(xiàn)金0.00%4.57%0.00%0.00%4.57%-4.57%0.00%取得借款收到的現(xiàn)金76.62%95.43%100.00%100.00%18.81%4.57%0.00%收到其他與籌資活動有關(guān)的現(xiàn)金23.38%0.00%0.00%0.00%-23.38%0.00%0.00%籌資活動現(xiàn)金流入小計14.41%7.83%7.28%5.20%-6.58%-0.55%-2.08

44、%償還債務(wù)支付的現(xiàn)金81.80%90.09%91.45%84.93%8.30%1.36%-6.53%支付其他與籌資活動有關(guān)的現(xiàn)金26.24%22.69%63.78%32.10%-3.55%41.09%-31.68%籌資活動現(xiàn)金流出小計18.42%22.18%8.83%16.58%3.76%-13.35%7.75%籌資活動產(chǎn)生的現(xiàn)金流量凈額-101.16%528.64%38.39%-32.41%629.80%-490.25%-70.80%資產(chǎn)負債表趨勢分析報告期200920102011200920102011流動資產(chǎn)貨幣資金-42,096,537 -66,066,171 503,895,329

45、-26.72%-57.23%1020.60%應(yīng)收票據(jù)-200,000 -100.00%#div/0!#div/0!應(yīng)收賬款-3,546,126 -4,836,054 13,193,844 -13.70%-21.66%75.43%預(yù)付賬款-40,842,594 1,609,972 11,009,198 -92.33%47.48%220.15%其他應(yīng)收款4,772,019 -3,550,855 11,383,098 20.55%-12.68%46.57%存貨-301,191,934 -48,470,109 -7,076,311 -66.37%-31.75%-6.79%流動資產(chǎn)合計-383,105,

46、172 -121,313,217 532,405,159 -54.35%-37.70%265.57%非流動資產(chǎn)#div/0!#div/0!#div/0!投資性房地產(chǎn)-663,089 6,954,079 -999,269 -4.48%49.23%-4.74%長期股權(quán)投資3,386,313 -570,243 -13,762,431 19.52%-2.75%-68.24%固定資產(chǎn)-32,501,562 -9,971,269 -10,361,099 -9.04%-3.05%-3.27%在建工程7,834,401 24,796,167 21,290,104 584.58%270.27%62.67%生產(chǎn)性生物資產(chǎn)2,897,036 1,306,402 -6,057,308 18.72%7.11%-30.78%無形資產(chǎn)-1,431,005 17,424,478 -57,411,636 -1.06%12.99%-37.89%長期待攤費用0 3,952,359 2,894,663 #div/0!#div/0!7