七喜控股公司財務(wù)報表分析

1、戰(zhàn)略風(fēng)險險透視七喜喜控股財財務(wù)報表表分析Evaluation Warning : The document was created with Spire.Presentation for .NETLIBRRA團(tuán)隊成員員2.3.1.戴軼偉5. 倪志靖4劉識楊曉君任雯雯Evaluation Warning : The document was created with Spire.Presentation for .NET分析角度戰(zhàn)略咨詢詢顧問Evaluation Warning : The document was created with Spire.Presentation for .NET

2、分析問題七喜絕對對不做不不賺錢的的生意，任何投投資都要立竿見見影的，這就是是跟隨戰(zhàn)略略。易賢忠20033年Evaluation Warning : The document was created with Spire.Presentation for .NETPCLLAAPTOOPPCLLAPPTOPP主營業(yè)務(wù)務(wù)戰(zhàn)略PC 臺式機(jī)代銷和配件通訊產(chǎn)品筆記本電腦PC 臺式機(jī)代銷和配件20088年P(guān)C臺式機(jī)代銷和配配件通訊產(chǎn)品品筆記本電電腦OEM液晶顯示示器跟隨戰(zhàn)略略Evaluation Warning : The document was created with Spire.Presentati

3、on for .NET分析問題七喜絕對對不做不不賺錢的的生意，任何投投資都要立竿見見影的，這就是是跟隨戰(zhàn)略略。易賢忠20033年主要特點點:1.等待市場場條件成成熟才進(jìn)進(jìn)入2.各項業(yè)務(wù)務(wù)規(guī)模小小3.產(chǎn)品結(jié)構(gòu)構(gòu)不穩(wěn)定定4.以價格戰(zhàn)戰(zhàn)為主要要競爭手手段Evaluation Warning : The document was created with Spire.Presentation for .NET分析問題短期表現(xiàn)現(xiàn)長期發(fā)展七喜絕對對不做不不賺錢的的生意，任何投投資都要立竿見見影的，這就是是跟隨戰(zhàn)略略。易賢忠20033年Evaluation Warning : The document wa

4、s created with Spire.Presentation for .NET分析結(jié)構(gòu)構(gòu)財務(wù)分析析盈利透視視戰(zhàn)略風(fēng)險險短期表現(xiàn)現(xiàn)長期發(fā)展展Evaluation Warning : The document was created with Spire.Presentation for .NET財務(wù)分析析現(xiàn)金流量量分析主成份分分析比率分析析Evaluation Warning : The document was created with Spire.Presentation for .NET現(xiàn)金流量量分析04，05年現(xiàn)金流流量為負(fù)負(fù)值，增加風(fēng)險險Evaluation Warning :

5、The document was created with Spire.Presentation for .NET現(xiàn)金流分分析經(jīng)營活動動產(chǎn)生的的現(xiàn)金流流量投資活動動產(chǎn)生的的現(xiàn)金流流量-48,9400,0668.668-1077,3995,7712.80在建工程程49333萬籌資活動動產(chǎn)生的的現(xiàn)金流流量73,9914,1244.422存貨與應(yīng)應(yīng)收帳款款大幅增增加短期借款款1.166億Evaluation Warning : The document was created with Spire.Presentation for .NET主成份分分析綜合盈利能力股本擴(kuò)張能力主營業(yè)務(wù) 增長速度資產(chǎn)使

6、用效率 及增長速度銷售和利潤增長速度綜合經(jīng)營業(yè)績得 分排名得 分排名得 分排名得 分排名得 分排名得 分排名SH600850G 華電腦-4.236 6-1.11860.303 4-0.5545-1.4935-4.133 6SZ000997G 新大陸0.399 3-0.6724-0.342 5-1.246-0.741 3-0.877 4SZ000066長城電腦3.673 10.78020.425 30.763 23.103 13.643 1SH600185G 海 星-1.2464-0.89453.500 1-0.543 4-0.188 4-0.5423SZ000977G 浪 潮-1.4251.3

7、461-4.591 60.326 3-3.308 6-0.965 5SZ002027七喜控股2.827 20.54930.706 21.246 12.58522.981 2Evaluation Warning : The document was created with Spire.Presentation for .NET比率分析盈利能力力分析經(jīng)營能力力分析成長能力力分析償債能力力分析Evaluation Warning : The document was created with Spire.Presentation for .NET償債能力力分析05年短期借借款增加加存貨占流流動資產(chǎn)

8、產(chǎn)太多Evaluation Warning : The document was created with Spire.Presentation for .NET經(jīng)營能力力分析放松信貸貸政策05年存貨大大幅增加加Evaluation Warning : The document was created with Spire.Presentation for .NET成長能力力分析指標(biāo)波動動明顯Evaluation Warning : The document was created with Spire.Presentation for .NET盈利能力力分析盈利能力力較高Evaluation

9、 Warning : The document was created with Spire.Presentation for .NET盈利能力力分析盈利能力力?!Evaluation Warning : The document was created with Spire.Presentation for .NET盈利能力力分析主營成本本高期間費用用低Evaluation Warning : The document was created with Spire.Presentation for .NET分析結(jié)構(gòu)構(gòu)財務(wù)分析析盈利透視視戰(zhàn)略風(fēng)險險短期表現(xiàn)現(xiàn)長期發(fā)展展短期經(jīng)營營較好盈利質(zhì)量量懷

10、疑Evaluation Warning : The document was created with Spire.Presentation for .NET費用透視視管理費用應(yīng)收帳款壞帳準(zhǔn)備存貨跌價準(zhǔn)備固定資產(chǎn)折舊計提比例例都遠(yuǎn)低低于行業(yè)業(yè)水平三項資產(chǎn)產(chǎn)合計占占總資產(chǎn)產(chǎn)68.446%Evaluation Warning : The document was created with Spire.Presentation for .NET應(yīng)收帳款款壞帳準(zhǔn)準(zhǔn)備七喜控股 壞帳準(zhǔn)備 計提比例長城電腦壞帳準(zhǔn)備計提比例方正科技壞帳準(zhǔn)備計提比例根據(jù)行業(yè)水平調(diào)整以后的壞帳計提比例1年以內(nèi)2%10%5%5%1

11、2年10%20%20%15%23年50%50%30%50%3年上100%100%100%100%應(yīng)收帳款款高估7,7445,3332.93，占到凈凈利潤總總額的9.444Evaluation Warning : The document was created with Spire.Presentation for .NET存貨周轉(zhuǎn)轉(zhuǎn)率比較較05年有大幅幅下降,同時低與與同行水水平對存貨的的減值準(zhǔn)準(zhǔn)備計提提比例又又低于同同行Evaluation Warning : The document was created with Spire.Presentation for .NET存貨跌價價準(zhǔn)備長

12、城電腦方正科技七喜控股調(diào)整后原材料跌價準(zhǔn)備計提比例9%8%1.16%8%產(chǎn)成品跌價準(zhǔn)備計提比例20%10%0.1%10%存貨總額214,809,579521,811,558488,260,231存貨高估估更是高高達(dá)35,6619,7977.100,占到凈利利潤總額額的43.442Evaluation Warning : The document was created with Spire.Presentation for .NET固定資產(chǎn)產(chǎn)折舊固定資產(chǎn)原值方正科技 長城電腦 七喜調(diào)整后機(jī)器設(shè)備折舊年限5-10年 5-8年 10年 8年年折舊率9.5%-19% 11.88%-19% 9.5%

13、11.88%固定資產(chǎn)產(chǎn)高估達(dá)達(dá)1,0004,0024.11,占到凈利利潤總額額的1.222Evaluation Warning : The document was created with Spire.Presentation for .NET凈利潤調(diào)調(diào)整 原減值準(zhǔn)備 調(diào)整后減值準(zhǔn)備 少提數(shù) 占凈利潤百分比 存 貨 5,371,159.72 40,990,956.82 35,619,797.10 43.42% 應(yīng)收帳款 7,800,481.72 15,545,814.65 7,745,332.93 9.44% 固定資產(chǎn) 機(jī)器設(shè)備 4,670,923.39 5,674,947.50 1,004

14、,024.11 1.22% 合計 17,842,564.83 62,211,718.97 44,369,154.14 54.08%Evaluation Warning : The document was created with Spire.Presentation for .NET分析結(jié)構(gòu)構(gòu)財務(wù)分析析盈利透視視戰(zhàn)略風(fēng)險險短期盈利利長期盈利利短期經(jīng)營營較好盈利質(zhì)量量懷疑費用計提提不夠謹(jǐn)謹(jǐn)慎利潤質(zhì)量量不高Evaluation Warning : The document was created with Spire.Presentation for .NET戰(zhàn)略風(fēng)險險戰(zhàn)略風(fēng)險險預(yù)警戰(zhàn)略深入入透

15、視戰(zhàn)略遠(yuǎn)景景展望Evaluation Warning : The document was created with Spire.Presentation for .NET戰(zhàn)略風(fēng)險險預(yù)警費用計提提不謹(jǐn)慎慎利潤質(zhì)量量不高收入價格格接受者者成本缺乏乏規(guī)模效效應(yīng)各項業(yè)務(wù)務(wù)規(guī)模小小產(chǎn)品結(jié)構(gòu)構(gòu)不穩(wěn)定定等待市場場條件成成熟才進(jìn)進(jìn)入以價格戰(zhàn)戰(zhàn)為主要要競爭手手段 盈利透視視主要特點點Evaluation Warning : The document was created with Spire.Presentation for .NET戰(zhàn)略風(fēng)險險預(yù)警隨著企業(yè)業(yè)規(guī)模的的日漸擴(kuò)擴(kuò)大，跟隨戰(zhàn)略略的風(fēng)險險也日益益加大

16、。Evaluation Warning : The document was created with Spire.Presentation for .NET戰(zhàn)略深入入透視利潤收入成本、費費用品牌牌科研研Evaluation Warning : The document was created with Spire.Presentation for .NET成本透視視主營業(yè)務(wù)成本人 工材料費制造費用高于行業(yè)平均高于行業(yè)平均差異不大采購量小小，對于于上游廠廠商的議價價能力有有限單位產(chǎn)品品費用分?jǐn)傒^高高缺乏規(guī)模模效應(yīng)Evaluation Warning : The document was cre

17、ated with Spire.Presentation for .NET戰(zhàn)略深入入透視利潤收入成本、費費用品牌牌科研研擴(kuò)大規(guī)模模Evaluation Warning : The document was created with Spire.Presentation for .NETOEM遠(yuǎn)景展望望行業(yè)內(nèi)競競爭對手手上游供應(yīng)應(yīng)商新進(jìn)入者者下游進(jìn)銷銷商替代品Evaluation Warning : The document was created with Spire.Presentation for .NET分析結(jié)構(gòu)構(gòu)財務(wù)分析析盈利透視視戰(zhàn)略風(fēng)險險短期盈利利長期盈利利短期經(jīng)營營較好盈利質(zhì)量量懷疑穩(wěn)定業(yè)務(wù)務(wù)結(jié)構(gòu)擴(kuò)大市場場規(guī)模費用計提提不夠謹(jǐn)謹(jǐn)慎利潤質(zhì)量量不高Evaluation Warn