宝钢10年财务分析.doc

宝钢股份600019(更新:2011.08.31)【历年简要财务指标】主要指标2011-06-302011-03-312010-12-312010-09-30每股收益(元)0.29000.18000.74000.6100每股收益(扣除)(元)0.29000.17000.72000.6000每股净资产(元)5.98006.16005.98005.8400调整后每股净资产(元)-每股资本公积金(元)2.14902.15122.14512.1317每股盈余公积金(元)1.14921.14921.14921.0180每股未分配利润(元)1.68461.86981.69451.6950每股现金净流量(元)-0.02740.27070.17780.2240每股经营现金净流量(元)0.30870.14811.07670.8036净资产收益率(扣除)(%)-2.880012.640010.6000净资产收益率(%)4.85402.845012.305010.3690总资产(万)22484646.0422812639.1621606510.3721576748.50股东权益(万)10465174.2210792840.6410474647.8310224734.22主营业务收入(万)11024511.39-20097979.48-主营成本(万)9974108.90-17684877.40-营业收入(万)11098909.645394003.8520214915.2414895164.46营业成本(万)10034823.744790894.7917781674.3212964000.22投资收益(万)-利润总额(万)678701.14417329.241707623.301381215.99净利润(万)507949.23307003.521288908.331060182.72主要指标2010-06-302010-03-312009-12-312009-09-30每股收益(元)0.46000.22000.33000.2100每股收益(扣除)(元)0.45000.22000.31000.1900每股净资产(元)5.68005.65005.43005.3000调整后每股净资产(元)-每股资本公积金(元)2.12252.13022.13082.1225每股盈余公积金(元)1.01801.01801.01800.9600每股未分配利润(元)1.54941.51411.28961.2270每股现金净流量(元)0.20390.1410-0.0827-0.0880每股经营现金净流量(元)0.57020.18141.37011.0812净资产收益率(扣除)(%)-3.94005.8900-净资产收益率(%)8.09403.96906.11403.9900总资产(万)21124009.3720921442.0520114278.2520118962.40股东权益(万)9947104.829902217.019513689.759289365.92主营业务收入(万)9723135.62-14728202.03-主营成本(万)8290850.04-13338939.98-营业收入(万)9781191.334427766.1814832636.3910651482.29营业成本(万)8337286.563757089.8713433245.839689877.04投资收益(万)-利润总额(万)1083548.59526906.69729455.54507327.88净利润(万)805087.75393009.48581622.74370458.44【每股指标】每股指标2011-06-302010-12-312009-12-312008-12-31审计意见-标准无保留标准无保留标准无保留意见意见意见每股收益(元)0.29000.74000.33000.3700每股收益(扣除)(元)0.29000.72000.31000.4000每股净资产(元)5.98005.98005.43005.2500每股资本公积金(元)2.14902.14512.13082.1018每股未分配利润(元)1.68461.69451.28961.1955每股经营现金净流量(元)0.30871.07671.37010.9276每股现金净流量(元)-0.02740.1778-0.0827-0.5046【利润构成与盈利能力】利润构成与盈利能力2011-06-302010-12-312009-12-312008-12-31主营业务收入(万)11024511.3920097979.4814728202.0319925434.04主营成本(万)9974108.9017684877.4013338939.9817538689.92营业收入(万)11098909.6420214915.2414832636.3920033200.00营业成本(万)10034823.7417781674.3213433245.8317589382.73营业费用(万)88333.40178462.01145874.09185251.96管理费用(万)280997.24530437.04459211.51567634.58财务费用(万)6609.4580657.45167550.35209574.11三项费用增长率(%)-营业利润(万)676011.241666576.51725376.62830416.91补贴收入(万)-净利润(万)507949.231288908.33581622.74645920.75投资收益(万)-营业外收支净额(万)2689.9041046.804078.92-14980.34利润总额(万)678701.141707623.30729455.54815436.56所得税(万元)146205.83371534.54119935.37155327.25销售毛利率(%)9.5912.049.4312.33主营业务利润率(%)-净资产收益率(%)4.854012.30506.11407.0200【经营发展能力】经营发展能力2011-06-302010-12-312009-12-312008-12-31存货周转率(%)2.595.274.134.66应收帐款周转率(%)14.3732.8827.3834.65总资产周转率(%)0.510.970.741.00主营收入增长率(%)13.3836.46-26.14.97主营利润增长率(%)-36.8129.8-12.6-57.4利润总额率增长(%)-37.36134.10-10.54-57.77税后利润增长率(%)-35.98119.20-7.66-50.82总资产增长率(%)6.447.420.56-0.98股东权益增长率(%)5.3310.003.46-7.77净资产增长率(%)5.2110.103.46-8.03【资产与负债】资产与负债2011-06-302010-12-312009-12-312008-12-31资产总额(万)22484646.0421606510.3720114278.2520002113.69负债总额(万元)11346716.5310472260.839992348.1710218344.96流动负债合计(万元)8315467.677317597.867072194.647204242.01长期负债(万元)-货币资金(万)837720.06920067.58555827.62685160.44应收账款(万元)819981.54672895.20556628.73526919.09其他应收款(万元)145744.91108868.9575385.7173621.46股东权益(万)10465174.2210474647.839513689.759195686.97资产负债比率(%)50.4648.4749.6851.09负债权益比率(%)98.16106.3101.395.75股东权益比率(%)46.5448.4847.3045.97流动比率0.920.940.740.82速动比率0.400.420.330.32【现金流量】现金流量2011-06-302010-12-312009-12-312008-12-31销售商品收到现金(万)12581373.2023196553.5517030210.0623328685.32经营现金净额(万)540650.501885552.642399312.201624355.20现金净流量(万)-47983.11311383.65-144848.21-883692.43经营现金流量增长率(%)-45.85-21.4147.71-13.99销售商品收到现金与主营收入比(%)113.36114.75114.82116.27经营活动现金流量与净利润比(%)101.53141.12393.64246.07现金净流量与净利润比(%)-9.0123.31-23.76-133.87投资活动的现金净额(万)-598466.23-1261041.32-1749247.22-2760169.10筹资活动的现金净额(万)8327.57-316709.75-794208.76270372.81【异动财务指标】异动财务指标2011-06-302010-06-30变动幅度%货币资金(万元)837720.06954630.45-12.25短期借款(万元)2704301.892594102.034.25应收账款(万元)819981.54725025.6513.10其他应收款(万元)145744.91133730.078.98应付账款(万元)2354358.612095093.6112.37应付股利(万元)7387.644642.5359.13在建工程(万元)1166255.631175400.11-0.78工程物资(万元)48992.0355816.40-12.23长期应付款(万元)265027.61525166.64-49.53存货的减少(万元)-526002.05-512628.952.61流动负债合计(万元)8315467.677516079.5910.64长期借款(万元)692513.20585105.2018.36负债合计(万元)11346716.5310550115.547.55主营业务收入(万)11024511.399723135.6213.38主营业务利润(万)676011.241069947.68-36.82营业利润(万)676011.241069947.68-36.82净利润(万)507949.23805087.75-36.91未分配利润(万)2949992.502713247.268.73营业外收支净额(万)2689.9013600.91-80.22利润总额(万)678701.141083548.59-37.36购买商品、接受劳务支付的现金(万元)11136503.499181736.5921.29经营活动产生的现金流入小计(万元)12820400.4711113896.1715.35经营活动产生的现金流出小计(万元)12279749.9610115375.1521.40经营活动产生的现金现金流量净额(万元)540650.50998521.03-45.85投资活动产生的现金流入小计(万元)184552.67205547.06-10.21投资活动产生的现金流出小计(万元)783018.91715168.769.49投资活动产生的现金流量净额(万元)-598466.23-509621.7017.43购建固定资产、无形资产、其他长期资产所支付的现金(万元)567623.62592991.23-4.28筹资活动产生的现金流入小计(万元)3424242.383432746.01-0.25筹资活动产生的现金流出小计(万元)3415914.813559036.82-4.02筹资活动产生的现金流量净额(万元)8327.57-126290.81-106.59分配股利利润或偿付利息所支付的现金(万元)604409.33399543.1151.28现金及现金等价物净增加额(万元)-47983.11357008.40-113.44加：经营性应收项目减少(万元)-230839.08-412217.92-44.00加：经营性应收项目增加(万元)99722.48394310.06-74.71(附注)经营活动产生的现金流量净额(万元)540650.50998521.03-45.85现金期末余额(万元)678007.33819416.69-17.26【环比分析】【单季度财务分析】2010年营业收入(万元)占年度比重净利润(万元)占年度比重%第四季度5319750.7726.32228725.6117.75第三季度5113973.1325.30255094.9719.79第二季度5353425.1526.48412078.2731.97第一季度4427766.1821.90393009.4830.492009年营业收入(万元)占年度比重净利润(万元)占年度