嘉寓股份近五年年报财务造假风险分析

1、嘉寓股份近五年年报财努造假风险分析-S货币资金造假分析2015*12-)120112-312017-1212018-12-i1201 »-12-31货不责金258.547 C6B 73A24,B31 63793S3 4S2.W6 25621.556.475)67.410.082 16274 2142SS09乖均货？5密含«671936336412.187.242 12510,68« 701.95妙饥8.3恃32520 812163»5.23 15AS93 621.46a713,621 37D.fi95,437,077 718 290 500.6868,0

2、27 41428GBS2713,0979.377 57D.56HIl(J71l7( 20152 384 457.5267.BB3SO1576271,721.4377.641 (M5.330.3229552025 52523fi.471 47QBe0.71%0 7B1 S9*i2i%¢0 44¾001%18232%矽%经过计算可以得出,嘉寓股份近五年利息收入/平均货币资金的比率均 2% f所以货 币资金有一定风险。近五年利息支出/净利润的比值均超过100% ,说明企业公司的账 上有钱，但同时又有较多的有息负债，每年需要支付高额利息，公司的货币资金很可 能有问题。二、应收账款造

3、假分析井资产负fSSKffis7ll.46.9W67»7714.982501.026719.954 521.5a99.4S75!,©7.202.319 44®安恢項Ji嗾中的应收J 如理0.000.00o.360.683.058.77½P=i+A244.637.C50.984.53a.173.84B.135560.538.824.316.76539,012.01609&653.790.55EWMRv+=*7l1.46.SW67»7714.982.501.026719.954 52I.e99.ww1.«77.885.388 21

4、应欢珠欧合计/资产总计16.76%15.15184%23.18%X2.43%2O1S-12-31201& 12-312017-12-312018-12-312019-12-31经过分析，嘉寓股份近五年应收账款/资产总计的比值分别为16.76%s 15.15%. 18.46%、23.16%、32.43% ,且近五年呈上升趋势，应收账款占资产总计的比值均超 过15% f所以嘉寓股份存在虚增应收账款的方式增加收入、虚增利润的可能。三、预付款项造假分析M 付？WS103.825.446 98128.837.56435233.352.C27.18242.339.369.50160.181.412

5、.45149.992.042 3146.5.624 69246.272,203 73247.87M742115.155.73693泌产总计4244,637.050 984.538,173.a48.l3S5O.538.e24 3!6.763.539.012 016.098.650.7«) 55s÷as253.317.409,62275.4CG.3Q9.M479.624,2W.9140).216,544275,337t 140.3(Sm5SmL畑 / 总出产598%607%86魏7 25%451%2015-12-312016-12-312017-12-312018-12-312

6、019-12-31嘉寓股份2015年-2019年预付款项与其他应常之和与总资产的比率为5.98%、6.07%、8.63%、7.25%、4.51% ,均小于10% ,且无明显变化趋势，所以嘉寓股份 预付款项造假的可能性较小。四、在建工程造假分析n2015-12-312016-12-3!2017-12-312018-12-312019-12-31e6.663.2-5459,424,910546,129,963348.618.10U33236.07笳总计4244.637.050. %4538.171843.13&5加5和24316t73.539.012.01098.G50.7905Salss

7、zr155L31083Q0l720.01H嘉寓股份在建工程占总资产的比率近五年呈下降趋势，分别为1.55%s 1.31%.0.83%、0.72%s 0.01% ,通过在建工程虚增收入的可能性较小。五、存货造假的分析ts 忖 mas374.282.543.98349.796.742 86X3.461.024 02W2.527.144 25&8.709.20304EWSKK791.066.167 82S67.703.395 991.052.404.232 741 344.074.495 &91225.503.032 04253.m902.703O5.4.450.25513.O15.

8、4S.67379.788.914.16»4,462746.62合同仗鳴0.0.0.0.应忖哋今计1.419.340.614 501.612.504.589 101878.880.7164326«娥),5&笑2018.674.951 90124.946.310 6636.496.354 153.S5l.V175.688.758 34Qoo(WSM0.0.0.030.0020,633.058.77应姻缺711.485,960.67687.714,932.501.02&719,954.521.566.e©9.487,851.627,202.319.44合

9、同资产Oa)OoOO(X)OoOOIoOSWSKK103.825.446 98128&7.564 85233.352,027 18242嗣,369 50IeOj81.412 45应攻JS付合计940,2M.7C8.31653,048,901.501.299.C23.946.871.984,727.615.692138.6.D0.66479.081.9C6.19759.455.687.60579.fi56.76.56681.662,938.61119.391.84 B.76!份2015-12-312016-12-312017-12-312018*12 3120191231从上表可以看出，

10、2015年2018年嘉寓股份应付预收应收预付均 O ,且金额较大， 公司竞争力较强,具有"两头吃"的能力，但2019年出现负数，说明公司的竞争力突 然下降需要重点关注。2015-12-312016-12-312017-12-312018-12-312019-12-31存货t .943.957.472.02338.063.071.77Z581.549,822.282M9,3O3.673.4O2720.½5.313.76资产总计4,244.637.050.934.538J 73.848.13a 560.53 &824.316,763,S39.012.016096.0790.55股/资产总计45.83%51.52%46.45%43.