步步高商业连锁股份有限公司2018年度财务报表分析报告

1、步步高商业连锁股份有限公司2018年度财务报表分析报告本报告以上市公司2016-2018年度财务报表数据为分析基础 包括资产负债表、利润表、现金流量表和所有者权益变动表水平、垂直分析财务指标盈利能力、偿债能力、营运能力、发展成长能力、杜邦等分析This report is based on the data of financial statements of Listed Companies in 2016-2018.Including horizontal and vertical analysis of SOFP, profit statement, cash flow statemen

2、t and owner's equity statementFinancial Indicators Profit, Debt Payment, Operations, Development, DuPont, etc.目录CONTENTS1 财务报表数据4.2杜邦分析图161.1 资产负债表 11 Financial Statement Data1.2 禾1J润表2Blance Sheets 11.3 现金流量表 3Income Sheets 21.4 所有者权益变动表 4Cash Flow Sheets 32 会计报表分析Changes in Owner's Equity

3、Sheets 42.1 资产负债表分析 52 Analysis of Accounting Statements2.1.1 水平趋势分析 5Analysis of Blance Sheets 52.1.2 垂直结构分析 6Horizontal analysis 52.2 利润表分析8Vertical Analysis 62.2.1 水平趋势分析 8Analysis of Income Sheets .82.2.2 垂直结构分析8Horizontal analysis 82.3 现金流量表分析9Vertical Analysis 82.3.1 水平趋势分析 9Analysis of Cash F

4、low Sheets 92.3.2 垂直结构分析10Horizontal analysis 92.4 所有者权益变动表分析 11Vertical Analysis 102.4.1 水平趋势分析 11Analysis of Owner's Equity Sheets . 112.4.2 垂直结构分析12Horizontal analysis 113 财务指标分析Vertical Analysis 123.1 偿债能力分析 123 Financial Index Analysis3.1.1 短期偿债能力分析 12Analysis of Solvency123.1.2 长期偿债能力分析 12

5、Short-term Solvency123.2 营运能力分析 13Long-term Solvency 123.2.1 流动资产周转分析 13Analysis of Operating Capability 133.2.2 固定资产周转分析 13Current Assets133.2.3 总资产周转分析 14Fixed Assets 133.3 盈利能力分析 14Total Assets143.3.1 资产经营盈利能力分析 14Analysis of Profitability 143.3.2 资本经营盈利能力分析14Profitabilityof Assets 143.3.3 商品经营盈利

6、能力分析14Profitabilityof Capital 143.3.4 盈利质量分析 15Profitabilityof Goods 143.4 发展能力分析 15Profit Quality 153.4.1 资产资本成长分析 15Analysis of Growth Ability153.4.2 营业收益成长分析 15Capital Asset Growth 153.4.3 每股净资产分析 15Income Growth154 杜邦分析Net Assets per Share 154.1 杜邦分析表154 Du Pont AnalysisDuPont Analysis TableDuPo

7、nt Analysis Chart16151财务报表数据1.1 资产负债表表格1 2016-2018 年度 资产负债表Table 1 Balance Sheets for 2016-20182017 年2018 年项目（万元）2016 年货币资金181,661.13161,226.33117,013.02应收票据净额19.8630.00421.77应收账款净额12,620.228,295.057,074.29预付款项净额71,647.9193,741.00112,397.68应收利息净额314.89744.99-其他应收款净额24,143.0653,162.2720,987.51存货净额215

8、,126.19202,659.27226,142.45其他流动资产64,975.6858,107.9273,544.30流动资产合计572,068.19577,966.81557,581.00发放贷款及垫款净额4,406.1410,154.982,910.59可供出售金融资产净额11,475.0011,475.0010,471.20长期股权投资净额420.59258.33703.56投资性房地产净额898.86796.22464,596.69固定资产净额413,592.31497,884.81398,799.53在建工程净额45,398.2529,059.5145,410.45无形资产净额98

9、,885.91151,952.19146,113.89开发支出1,453.791,080.632,243.69商誉净额84,707.34103,141.21100,991.78长期待摊费用124,941.52136,281.91155,702.13递延所得税资产17,393.9722,162.5523,748.08其他非流动资产79,036.0459,732.14181,748.98非流动资产合计882,609.751,023,979.501,533,440.63资产总计1,454,678.001,601,946.252,091,021.63短期借款122,000.00239,402.0037

10、5,145.09应付票据40,926.4832,957.65410,320.47应付账款248,364.61287,001.47-预收款项97,641.6197,755.59114,749.23应付职，薪酬12,480.4613,559.0915,310.21应交税费10,176.1015,280.454,831.37应付利息225.55789.38-其他应付款183,497.59151,570.63201,004.83一年内到期的非流动负债30,100.0031,217.9837,557.14流动负债合计745,412.38869,534.251,158,918.38长期借款51,000.0

11、076,171.4298,514.28长期应付款13,500.865,009.434,156.16长期负债合计64,500.8681,180.85102,670.44递延所得税负债1,642.081,517.0351,931.46递延收益-非流动负债2,651.861,504.071,637.72非流动负债合计68,794.8084,201.95156,239.61负债合计814,207.19953,736.191,315,158.00实收资本（或股本）86,390.4086,390.4086,390.40资本公积413,164.25413,164.00385,250.31盈余公积22,006

12、.1123,202.4728,024.82未分配利润95,057.6999,867.61101,622.95其他综合收益115.7812.22148,046.58归属于母公司所有者权益合计616,734.25622,636.69749,335.06少数股东权益23,736.5225,573.3726,528.59所有者权益合计640,470.75648,210.06775,863.63负债与所有者权益总计1,454,678.001,601,946.252,091,021.631.2 利润表表格2 2016-2018 年度 利润表Table 2 Income Sheets for 2016-20

13、18项目（万元）2016 年2017 年2018 年营业总收入1,551,947.881,730,622.251,845,569.50营业收入1,547,040.131,725,041.001,839,787.13利息净收入4,907.735,581.185,782.33利息收入4,987.596,023.195,782.33利息支出79.86442.01-营业总成本1,538,079.001,711,942.881,826,509.88营业成本1,215,679.131,353,815.001,416,104.75营业税金及附加10,885.2612,270.3914,097.32销售费用2

14、75,248.28306,061.31332,980.59管理费用27,265.8829,986.6843,022.16财务费用8,098.108,995.6118,387.54资产减值损失902.22813.851,917.43公允价值艾动收益-1,356.81投资收益-342.32491.38523.20其中：对联营和合营企业的投资收益-155.26-162.26-54.77其他业务利润-2,522.523,078.83营业利润13,526.5921,693.2524,018.45营业外收入10,082.122,741.063,345.80营业外支出3,596.202,834.035,30

15、7.40利润总额20,012.5121,600.2722,056.84所得税费用6,052.086,432.606,032.68净利润13,960.4315,167.6816,024.16归属于母公司所有者的净利润13,270.4714,645.3315,555.98少数股东损益689.96522.35468.18基本每股收益0.000.000.00稀释每股收益0.000.000.00其他综合收益（损失）97.31-103.56148,716.41综合收益总额14,057.7415,064.12164,740.58归属于母公司所有者的综合收益13,367.7814,541.77163,590.

16、33归属少数股东的综合收益689.96522.351,150.251.3 现金流量表表格3 2016-2018 年度现金流量表Table 3 Cash Flow Sheets for 2016-2018项目（万元）2016 年2017 年2018 年销售商品、提供劳务收到的现金1,783,732.881,989,971.882,087,365.75收到的其他与经营活动有美的现金15,533.8215,353.0521,662.56购买商品、接受劳务支付的现金1,405,911.131,529,482.251,561,868.13支付给职工以及为职工支付的现金99,079.01117,993.2

17、5145,849.70支付的各项税费47,984.0153,079.9546,483.49支付其他与经营活动有美的现金147,881.56192,265.72211,442.28经营活动产生的现金流量净额98,411.05112,503.80143,384.77收回投资收到的现金-1,003.80取得投资收益收到的现金-653.64541.66处置长期资产收回的现金净额763.901,751.609,308.87收到的其他与投资活动有美的现金71,989.37266,693.75121,068.59购建长期资产支付的现金136,919.17153,153.50277,498.75投资支付的现金

18、11,989.5010,295.3235,500.00取得其他营业单位支付的现金-19,211.733,725.21支付其他与投资活动有美的现金84,747.08257,962.9190,197.62投资活动产生的现金流量净额-160,902.48-171,524.44-274,998.66吸收投资收到的现金139,730.771,269.23-吸收权益性投资收到的现金139,730.771,269.23-其中：子公司吸收投资收到的现金16,730.771,269.23-取得借款收到的现金229,300.00293,402.00450,145.09收到其他与筹资活动有美的现金99,500.00

19、127,240.00224,180.00偿还债务支付的现金193,857.39151,500.00277,130.59分配股利.利润或利息支付的现金26,275.3321,690.8829,083.35其中：子公司支付给少数股东的现金-218.36203.49支付其他与筹资活动有美的现金136,477.34190,538.13284,445.63筹资活动产生的现金流量净额111,920.7058,182.2283,665.55汇率变动对现金的影响-103.56101.58现金及现金等价物净增加额49,429.27-941.97-47,846.77期初现金及现金等价物余额92,058.47141

20、,487.73140,605.97期末现金及现金等价物余额141,487.73140,545.7792,759.201.4所有者权益变动表表格4 2016-2018年度所有者权益变动表Table 4 Changes in Owner's Equity Sheets For 2016-2018项目（万元）2016 年2017 年2018 年上期期末余额499,793.00640,470.75649,650.81会计政策变更-598.97-前期调整的其他项目-449.64-本期期初余额499,793.00641,519.38649,650.81本期增减文动金额140,677.778,131

21、.45126,212.81综合收益总额14,057.7415,456.25164,740.58所有者投入和减少资本139,604.271,532.60-1,000.00所有者投入资本139,604.271,269.23-和投资相关的其他项目-263.37-1,000.00利润分配-11,684.78-8,857.40-8,842.53对股东的分配-11,684.78-8,857.40-8,842.53其他-1,299.45-28,685.24期末余额640,470.75649,650.81775,863.632会计报表分析2.1资产负债表分析2.1.1水平趋势分析表格5 2018年度水平分析T

22、able 5 Horizontal Analysis In 2018项目（万元）2017 年2018 年变动额变动比影响总资产货币资金161,226.33117,013.02-44,213.30-27.42%-2.76%应收票据净额30.00421.77391.771305.89%0.02%应收账款净额8,295.057,074.29-1,220.76-14.72%-0.08%预付款项净额93,741.00112,397.6818,656.6819.90%1.16%应收利息净额744.99-744.99-100.00%-0.05%其他应收款净额53,162.2720,987.51-32,174

23、.76-60.52%-2.01%存货净额202,659.27226,142.4523,483.1911.59%1.47%其他流动资产58,107.9273,544.3015,436.3826.57%0.96%流动资产合计577,966.81557,581.00-20,385.81-3.53%-1.27%发放贷款及垫款净额10,154.982,910.59-7,244.39-71.34%-0.45%可供出售金融资产净额11,475.0010,471.20-1,003.80-8.75%-0.06%长期股权投资净额258.33703.56445.23172.35%0.03%投资性房地产净额796.2

24、2464,596.69463,800.4758250.12%28.95%固定资产净额497,884.81398,799.53-99,085.28-19.90%-6.19%在建工程净额29,059.5145,410.4516,350.9456.27%1.02%无形资产净额151,952.19146,113.89-5,838.30-3.84%-0.36%开发支出1,080.632,243.691,163.06107.63%0.07%商誉净额103,141.21100,991.78-2,149.43-2.08%-0.13%长期待摊费用136,281.91155,702.1319,420.2214.2

25、5%1.21%递延所得税资产22,162.5523,748.081,585.527.15%0.10%其他非流动资产59,732.14181,748.98122,016.84204.27%7.62%非流动资产合计1,023,979.501,533,440.63509,461.1349.75%31.80%资产总计1,601,946.252,091,021.63489,075.3830.53%30.53%短期借款239,402.00375,145.09135,743.0956.70%8.47%应付票据32,957.65410,320.47377,362.811144.99%23.56%应付账款287

26、,001.47-287,001.47-100.00%-17.92%预收款项97,755.59114,749.2316,993.6317.38%1.06%应付职工薪酬13,559.0915,310.211,751.1212.91%0.11%应交税费15,280.454,831.37-10,449.09-68.38%-0.65%应付利息789.38-789.38-100.00%-0.05%其他应付款151,570.63201,004.8349,434.2032.61%3.09%一年内到期的非流动负债31,217.9837,557.146,339.1620.31%0.40%流动负债合计869,534

27、.251,158,918.38289,384.1333.28%18.06%长期借款76,171.4298,514.2822,342.8629.33%1.39%长期应付款5,009.434,156.16-853.28-17.03%-0.05%长期负债合计81,180.85102,670.4421,489.5926.47%1.34%递延所得税负债1,517.0351,931.4650,414.433323.23%3.15%递延收益-非流动负债1,504.071,637.72133.668.89%0.01%非流动负债合计84,201.95156,239.6172,037.6685.55%4.50%负

28、债合计953,736.191,315,158.00361,421.8137.90%22.56%实收资本（或股本）86,390.4086,390.40-0.00%0.00%资本公积413,164.00385,250.31-27,913.69-6.76%-1.74%盈余公积23,202.4728,024.824,822.3520.78%0.30%未分配利润99,867.61101,622.951,755.341.76%0.11%其他综合收益12.22148,046.58148,034.361211071.48%9.24%归属于母公司所有者权益合计622,636.69749,335.06126,69

29、8.3820.35%7.91%少数股东权益25,573.3726,528.59955.213.74%0.06%所有者权益合计648,210.06775,863.63127,653.5619.69%7.97%负债与所有者权益总计1,601,946.252,091,021.63489,075.3830.53%30.53%2.1.2 垂直结构分析表格62018年度垂直分析Table 6 Vertical Analysis In 2018项目（万元）2017年2018年变动额变动比货币资金10.065.60-4.47-44.40%应收票据净额0.000.020.02977.06%应收账款净额0.520

30、.34-0.18-34.66%预付款项净额5.855.38-0.48-8.14%应收利息净额0.05-0.05-100.00%其他应收款净额3.321.00-2.31-69.76%存货净额12.6510.81-1.84-14.51%其他流动资产3.633.52-0.11-3.04%流动资产合计36.0826.67-9.41-26.09%发放贷款及垫款净额0.630.14-0.49-78.04%可供出售金融资产净额0.720.50-0.22-30.09%长期股权投资净额0.020.030.02108.65%投资性房地产净额0.0522.2222.1744602.44%固定资产净额31.0819.

31、07-12.01-38.64%在建工程净额1.812.170.3619.72%无形资产净额9.496.99-2.50-26.33%开发支出0.070.110.0459.07%商誉净额6.444.83-1.61-24.99%长期待摊费用8.517.45-1.06-12.47%递延所得税资产1.381.14-0.25-17.91%其他非流动资产3.738.694.96133.11%非流动资产合计63.9273.339.4114.73%资产总计100.00100.00-0.00%短期借款14.9417.943.0020.05%应付票据2.0619.6217.57853.80%应付账款17.92-17

32、.92-100.00%预收款项6.105.49-0.61-10.07%应付职，薪酬0.850.73-0.11-13.50%应交税费0.950.23-0.72-75.78%应付利息0.05-0.05-100.00%其他应付款9.469.610.151.60%一年内到期的非流动负债1.951.80-0.15-7.83%流动负债合计54.2855.421.142.11%长期借款4.754.71-0.04-0.92%长期应付款0.310.20-0.11-36.44%长期负债合计5.074.91-0.16-3.11%递延所得税负债0.092.482.392522.56%递延收益-非流动负债0.090.0

33、8-0.02-16.58%非流动负债合计5.267.472.2242.15%负债合计59.5462.903.365.64%实收资本（或股本）5.394.13-1.26-23.39%资本公积25.7918.42-7.37-28.57%盈余公积1.451.34-0.11-7.47%未分配利润6.234.86-1.37-22.04%其他综合收益0.007.087.08927786.91%归属于母公司所有者权益合计38.8735.84-3.03-7.80%少数股东权益1.601.27-0.33-20.53%所有者权益合计40.4637.10-3.36-8.30%负债与所有者权益总计100.00100.

34、00-0.00%2.2 利润表分析2.2.1 水平趋势分析表格7 2018年度水平分析Table 7 Horizontal Analysis In 2018项目（万元）2017 年2018 年变动额变动比影响总收入营业总收入1,730,622.251,845,569.50114,947.256.64%6.64%营业收入1,725,041.001,839,787.13114,746.136.65%6.63%利息净收入5,581.185,782.33201.153.60%0.01%利息收入6,023.195,782.33-240.86-4.00%-0.01%利息支出442.01-442.01-10

35、0.00%-0.03%营业总成本1,711,942.881,826,509.88114,567.006.69%6.62%营业成本1,353,815.001,416,104.7562,289.754.60%3.60%营业税金及附加12,270.3914,097.321,826.9314.89%0.11%销售费用306,061.31332,980.5926,919.288.80%1.56%管理费用29,986.6843,022.1613,035.4843.47%0.75%财务费用8,995.6118,387.549,391.92104.41%0.54%资产减值损失813.851,917.431,1

36、03.58135.60%0.06%公允价值变动收益-1,356.811,356.810.00%0.08%投资收益491.38523.2031.826.48%0.00%其中：对联营和合营企业的投资收益-162.26-54.77107.49-66.25%0.01%其他业务利润2,522.523,078.83556.3122.05%0.03%营业利润21,693.2524,018.452,325.2010.72%0.13%营业外收入2,741.063,345.80604.7422.06%0.03%营业外支出2,834.035,307.402,473.3787.27%0.14%利润总额21,600.2

37、722,056.84456.572.11%0.03%所得税费用6,432.606,032.68-399.92-6.22%-0.02%净利润15,167.6816,024.16856.495.65%0.05%归属于母公司所有者的净利润14,645.3315,555.98910.656.22%0.05%少数股东损益522.35468.18-54.16-10.37%0.00%基本每股收益0.000.000.006.25%0.00%稀释每股收益0.000.000.006.25%0.00%其他综合收益（损失）-103.56148,716.41148,819.97-143709.61%8.60%综合收益总

38、额15,064.12164,740.58149,676.45993.60%8.65%归属于母公司所有者的综合收益14,541.77163,590.33149,048.561024.97%8.61%归属少数股东的综合收益522.351,150.25627.90120.21%0.04%2.2.2 垂直结构分析表格8 2018年度垂直分析Table 8 Vertical Analysis In 2018项目（万元）2017 年2018 年变动变动比营业总收入100.00100.00-0.00%营业收入99.6899.690.010.01%利息净收入0.320.31-0.01-2.85%利息收入0.3

39、50.31-0.03-9.98%利息支出0.03-0.03-100.00%营业总成本98.9298.970.050.05%营业成本78.2376.73-1.50-1.91%营业税金及附加0.710.760.057.73%销售费用17.6918.040.362.02%管理费用1.732.330.6034.54%财务费用0.521.000.4891.67%资产减值损失0.050.100.06120.93%公允价值艾动收益-0.070.070.00%投资收益0.030.03-0.00-0.16%其中：对联营和合营企业的投资收益-0.01-0.000.01-68.35%其他业务利润0.150.170.

40、0214.45%营业利润1.251.300.053.82%营业外收入0.160.180.0214.46%营业外支出0.160.290.1275.61%利润总额1.251.20-0.05-4.25%所得税费用0.370.33-0.04-12.06%净利润0.880.87-0.01-0.93%归属于母公司所有者的净利润0.850.84-0.00-0.40%少数股东损益0.030.03-0.00-15.95%基本每股收益0.000.00-0.00-0.36%稀释每股收益0.000.00-0.00-0.36%其他综合收益（损失）-0.018.068.06-134765.20%综合收益总额0.878.9

41、38.06925.48%归属于母公司所有者的综合收益0.848.868.02954.90%归属少数股东的综合收益0.030.060.03106.49%2.3 现金流量表分析2.3.1 水平趋势分析表格9 2018年度水平分析Table 9 Horizontal Analysis In 20182018 年变动额变动比影响期末额项目（万元）2017 年销售商品、提供劳务收到的现金1,989,971.882,087,365.7597,393.884.89%69.30%收到的其他与经营活动有关的现金15,353.0521,662.566,309.5241.10%4.49%购买商品、接受劳务支付的现金

42、1,529,482.251,561,868.1332,385.882.12%23.04%支付给职工以及为职工支付的现金117,993.25145,849.7027,856.4523.61%19.82%支付的各项税费53,079.9546,483.49-6,596.46-12.43%-4.69%支付其他与经营活动有关的现金192,265.72211,442.2819,176.569.97%13.64%经营活动产生的现金流量净额112,503.80143,384.7730,880.9627.45%21.97%收回投资收到的现金-1,003.801,003.800.00%0.71%取得投资收益收到的

43、现金653.64541.66-111.98-17.13%-0.08%处置长期资产收回的现金净额1,751.609,308.877,557.26431.45%5.38%收到的其他与投资活动有关的现金266,693.75121,068.59-145,625.16-54.60%-103.61%购建长期资产支付的现金153,153.50277,498.75124,345.2581.19%88.47%投资支付的现金10,295.3235,500.0025,204.68244.82%17.93%取得其他营业单位支付的现金19,211.733,725.21-15,486.52-80.61%-11.02%支付

44、其他与投资活动有关的现金257,962.9190,197.62-167,765.28-65.03%-119.37%投资活动产生的现金流量净额-171,524.44-274,998.66-103,474.2260.33%-73.62%吸收投资收到的现金1,269.23-1,269.23-100.00%-0.90%吸收权益性投资收到的现金1,269.23-1,269.23-100.00%-0.90%其中：子公司吸收投资收到的现金1,269.23-1,269.23-100.00%-0.90%取得借款收到的现金293,402.00450,145.09156,743.0953.42%111.52%收到其

45、他与筹资活动有关的现金127,240.00224,180.0096,940.0076.19%68.97%偿还债务支付的现金151,500.00277,130.59125,630.5982.92%89.39%分配股利.利润或利息支付的现金21,690.8829,083.357,392.4734.08%5.26%其中：子公司支付给少数股东的现金218.36203.49-14.87-6.81%-0.01%支付其他与筹资活动有关的现金190,538.13284,445.6393,907.5049.29%66.82%筹资活动产生的现金流量净额58,182.2283,665.5525,483.3343.8

46、0%18.13%汇率变动对现金的影响-103.56101.58205.13-198.09%0.15%现金及现金等价物净增加额-941.97-47,846.77-46,904.804979.44%-33.37%期初现金及现金等价物余额141,487.73140,605.97-881.77-0.62%-0.63%期末现金及现金等价物余额140,545.7792,759.20-47,786.57-34.00%-34.00%2.3,2垂直结构分析表格10 2018年度垂直分析Table 10 Vertical Analysis In 2018项目（万元）2016 年2017 年变动变动比销售商品、提供

47、劳务收到的现金1,415.892,250.31834.4258.93%收到的其他与经营活动有美的现金10.9223.3512.43113.78%购买商品、接受劳务支付的现金1,088.241,683.79595.5454.73%支付给职工以及为职工支付的现金83.95157.2373.2887.29%支付的各项税费37.7750.1112.3432.69%支付其他与经营活动有美的现金136.80227.9591.1566.63%经营活动产生的现金流量净额80.05154.5874.5393.11%收回投资收到的现金-1.081.080.00%取得投资收益收到的现金0.470.580.1225.56%处置长期资产收回的现金净额1.2510.048.79705.23%收到的其他与投资活动有美的现金189.76130.52-59.24-31.22%购建长期资产支付的现金108.97299.16