XX集團(tuán)財(cái)務(wù)分析圖表講課講稿

1、Good is good, but better carries it.精益求精，善益求善。XX集團(tuán)財(cái)務(wù)分析圖表-2002200320042005200605-2Q05-3Q05-4Q06-1Q06-2Q06-3Q06-4Q07-1Q07-2Q07-3Q每股收益0.911.082.371.321.25每股收益1.021.311.320.260.671.081.250.260.500.72每股經(jīng)營(yíng)活動(dòng)現(xiàn)金流-0.591.291.442.640.58每股經(jīng)營(yíng)活動(dòng)現(xiàn)金流0.401.912.640.050.160.070.58-0.59-0.63-0.072002200320042005200605-

2、2Q05-3Q05-4Q06-1Q06-2Q06-3Q06-4Q07-1Q07-2Q07-3Q主營(yíng)業(yè)務(wù)收入9078.713800.226567.830959.333167.8主營(yíng)業(yè)務(wù)收入18127.525763.230959.35501.214572.925333.433167.810204.623388.136699.1凈利潤(rùn)464.9682.72389.02669.12771.7凈利潤(rùn)2051.02649.62669.1517.81350.72185.52771.7578.91323.11926.9主營(yíng)收入增長(zhǎng)率52%93%17%7%主營(yíng)收入增長(zhǎng)率-20%-2%7%85%60%45%凈利潤(rùn)

3、增長(zhǎng)率47%250%12%4%凈利潤(rùn)增長(zhǎng)率-34%-18%4%12%-2%-12%營(yíng)業(yè)利潤(rùn)579.7958.43013.33023.42760.2營(yíng)業(yè)利潤(rùn)2305.33029.23023.4492.91271.62303.02760.2649.11443.31310.52002200320042005200605-2Q05-3Q05-4Q06-1Q06-2Q06-3Q06-4Q07-1Q07-2Q07-3Q營(yíng)業(yè)費(fèi)用占比50%43%32%36%51%營(yíng)業(yè)費(fèi)用占比35%36%36%110%69%52%51%41%38%41%管理費(fèi)用占比41%53%65%58%45%管理費(fèi)用占比56%54%58%-

4、19%28%43%45%52%50%46%財(cái)務(wù)費(fèi)用占比10%4%3%7%3%財(cái)務(wù)費(fèi)用占比9%10%7%9%3%5%3%7%12%12%2002200320042005200605-2Q05-3Q05-4Q06-1Q06-2Q06-3Q06-4Q07-1Q07-2Q07-3Q主營(yíng)業(yè)務(wù)成本7844.111900.122053.125894.028688.6主營(yíng)業(yè)務(wù)成本14804.021318.525894.04870.512746.721824.128688.68959.520749.732991.7三大費(fèi)用702.61027.01717.92253.61965.5三大費(fèi)用1132.41587.6

5、2253.6173.7670.41464.21965.5655.71594.52345.4主營(yíng)業(yè)務(wù)成本增長(zhǎng)率52%85%17%11%主營(yíng)業(yè)務(wù)成本增長(zhǎng)率-14%2%11%84%63%51%三大費(fèi)用增長(zhǎng)率46%67%31%-13%三大費(fèi)用增長(zhǎng)率-41%-8%-13%277%138%60%2002200320042005200605-2Q05-3Q05-4Q06-1Q06-2Q06-3Q06-4Q07-1Q07-2Q07-3Q主營(yíng)業(yè)務(wù)成本86%86%83%84%86%主營(yíng)業(yè)務(wù)成本82%83%84%89%87%86%86%88%89%90%主營(yíng)業(yè)務(wù)稅金及附加0.1%0.1%0.0%0.0%0.1%主營(yíng)

6、業(yè)務(wù)稅金及附加0.0%0.0%0.0%0.1%0.0%0.0%0.1%0.0%0.0%0.0%設(shè)主營(yíng)收入為100%設(shè)主營(yíng)收入為100%2002200320042005200605-2Q05-3Q05-4Q06-1Q06-2Q06-3Q06-4Q07-1Q07-2Q07-3Q凈利率5.1%4.9%9.0%8.6%8.36%凈利率11.3%10.3%8.6%9.4%9.3%8.6%8.4%5.7%5.7%5.3%凈資產(chǎn)收益率16.3%12.9%32.0%28.2%24.93%凈資產(chǎn)收益率22.7%28.1%28.2%5.2%13.6%20.5%24.9%4.6%9.8%13.8%200220032

7、0042005200605-2Q05-3Q05-4Q06-1Q06-2Q06-3Q06-4Q07-1Q07-2Q07-3Q毛利率13.6%13.8%17.0%16.4%13.5%毛利率18.3%17.3%16.4%11.5%12.5%13.9%13.5%12.2%11.3%10.1%資產(chǎn)負(fù)債率55.2%39.8%50.7%39.7%47.8%資產(chǎn)負(fù)債率52.7%44.7%39.7%40.9%52.2%49.7%47.8%51.6%55.9%58.4%2002200320042005200605-2Q05-3Q05-4Q06-1Q06-2Q06-3Q06-4Q07-1Q07-2Q07-3Q應(yīng)收帳

8、款凈額周轉(zhuǎn)率4.86.57.47.7應(yīng)收帳款凈額周轉(zhuǎn)率7.41.53.24.87.71.73.34.7應(yīng)收及其他應(yīng)收帳款凈額周轉(zhuǎn)率4.66.37.17.3應(yīng)收及其他應(yīng)收帳款凈額周轉(zhuǎn)率7.11.43.04.67.31.53.14.3應(yīng)收及其他應(yīng)收帳款周轉(zhuǎn)率4.46.16.97.12002200320042005200605-2Q05-3Q05-4Q06-1Q06-2Q06-3Q06-4Q07-1Q07-2Q07-3Q存貨周轉(zhuǎn)天數(shù)42.049.555.350.8存貨周轉(zhuǎn)天數(shù)55.367.061.449.750.854.249.337.8應(yīng)收帳款(含其他+票據(jù))周轉(zhuǎn)天數(shù)81.258.852.452.

9、3應(yīng)收帳款凈額周轉(zhuǎn)天數(shù)48.560.956.656.346.953.654.338.1營(yíng)業(yè)周期123.2108.3107.8103.12002200320042005200605-2Q05-3Q05-4Q06-1Q06-2Q06-3Q06-4Q07-1Q07-2Q07-3Q經(jīng)營(yíng)現(xiàn)金流負(fù)債比-0.070.210.170.780.12經(jīng)營(yíng)現(xiàn)金流負(fù)債比0.070.460.780.010.030.010.12-0.09-0.09-0.01主營(yíng)收入現(xiàn)金含量0.880.970.991.070.99主營(yíng)收入現(xiàn)金含量0.930.981.070.900.840.870.990.820.820.86凈利潤(rùn)現(xiàn)金含量

10、-0.651.190.611.990.47凈利潤(rùn)現(xiàn)金含量0.391.451.990.190.240.070.47-2.25-1.27-0.09利息保障倍數(shù)10.2120.5253.4621.6450.04利息保障倍數(shù)22.6920.2921.6437.6067.5734.2350.0415.648.488.422002200320042005200605-2Q05-3Q05-4Q06-1Q06-2Q06-3Q06-4Q07-1Q07-2Q07-3Q存貨周轉(zhuǎn)率8.67.36.57.1存貨周轉(zhuǎn)率6.51.32.95.47.11.73.74.8總資產(chǎn)周轉(zhuǎn)率1.62.01.81.7總資產(chǎn)周轉(zhuǎn)率1.80

11、.30.71.31.70.40.81.22002200320042005200605-2Q05-3Q05-4Q06-1Q06-2Q06-3Q06-4Q07-1Q07-2Q07-3Q流動(dòng)比率1.091.851.581.781.49流動(dòng)比率1.471.651.781.691.441.611.491.481.501.46速動(dòng)比率0.781.440.981.251.02速動(dòng)比率0.831.121.251.150.971.141.020.991.030.972002200320042005200605-2Q05-3Q05-4Q06-1Q06-2Q06-3Q06-4Q07-1Q07-2Q07-3Q三大費(fèi)用

12、8%7%6%7%6%三大費(fèi)用6%6%7%3%5%6%6%6%7%6%其他利潤(rùn)1.1%0.2%0.0%0.8%2.0%其他利潤(rùn)0.6%0.6%0.8%2.2%2.7%1.7%2.0%0.6%1.1%1.2%凈利潤(rùn)5.1%4.9%9.0%8.6%8.4%凈利潤(rùn)11.3%10.3%8.6%9.4%9.3%8.6%8.4%5.7%5.7%5.3%其他利潤(rùn)97.6222.758.49254.72667.41其他利潤(rùn)108.60166.85254.72123.61394.58423.01667.4161.01254.14450.87資產(chǎn)構(gòu)成非流動(dòng)資產(chǎn)構(gòu)成2007-2Q流動(dòng)資產(chǎn)#長(zhǎng)期投資#固定資產(chǎn)#工程物資0.0在建工程0.0無(wú)形資產(chǎn)及其他#流動(dòng)資產(chǎn)構(gòu)成2007-2Q非流動(dòng)資產(chǎn)#貨幣資金#短期投資740.3應(yīng)收票據(jù)184.6應(yīng)收帳款凈額#其他應(yīng)收帳款凈額818.0存貨#預(yù)付帳款#非流動(dòng)資產(chǎn)構(gòu)成2006流動(dòng)資產(chǎn)#長(zhǎng)期投資#固定資產(chǎn)#工程物資0.0在建工程666.8無(wú)形資產(chǎn)及其他