中国化工行业的发展报告

1、目 录TOC o 1-2 h z u HYPERLINK l _Toc85012216 上篇：化工行业分析提要 PAGEREF _Toc85012216 h 1 HYPERLINK l _Toc85012217 I行业进入/退出定性趋势预测 PAGEREF _Toc85012217 h 1 HYPERLINK l _Toc85012218 II行业进入/退出指标分析 PAGEREF _Toc85012218 h 2 HYPERLINK l _Toc85012219 一、行业业平均利利润率分分析 PAGEREF _Toc85012219 h 2 HYPERLINK l _Toc85012220

2、二、企业业主要指指标较好好值、中中间值和和较差值值 PAGEREF _Toc85012220 h 3 HYPERLINK l _Toc85012221 三、行业业规模分分析 PAGEREF _Toc85012221 h 3 HYPERLINK l _Toc85012222 四、行业业集中度度分析 PAGEREF _Toc85012222 h 55 HYPERLINK l _Toc85012223 五、行业业效率分分析 PAGEREF _Toc85012223 h 5 HYPERLINK l _Toc85012224 六、行业业主要财财务指标标分析 PAGEREF _Toc85012224 h

3、77 HYPERLINK l _Toc85012225 七、投入入产出结结构分析析 PAGEREF _Toc85012225 h 13 HYPERLINK l _Toc85012226 八、行业业经济运运行指标标 PAGEREF _Toc85012226 h 17 HYPERLINK l _Toc85012227 III行行业风险险揭示、政策分分析及负负面信息息 PAGEREF _Toc85012227 h 19 HYPERLINK l _Toc85012228 一、风险险揭示 PAGEREF _Toc85012228 h 119 HYPERLINK l _Toc85012229 二、政策策分

4、析 PAGEREF _Toc85012229 h 119 HYPERLINK l _Toc85012230 三、负面面信息 PAGEREF _Toc85012230 h 223 HYPERLINK l _Toc85012231 IV行业业动态跟跟踪分析析评价 PAGEREF _Toc85012231 h 226 HYPERLINK l _Toc85012232 一、行业业及上下下游运行行情况 PAGEREF _Toc85012232 h 226 HYPERLINK l _Toc85012233 二、行业业强势、弱势、机会与与风险（SWOOT） PAGEREF _Toc85012233 h 27

5、 HYPERLINK l _Toc85012234 三、贷款款建议 PAGEREF _Toc85012234 h 227 HYPERLINK l _Toc85012235 V龙头/重点联联系企业业分析 PAGEREF _Toc85012235 h 228 HYPERLINK l _Toc85012236 一、龙头头/重点联联系企业业财务指指标 PAGEREF _Toc85012236 h 288 HYPERLINK l _Toc85012237 二、企业业在全国国各地的的分布 PAGEREF _Toc85012237 h 228 HYPERLINK l _Toc85012238 VI资本本市场

6、分分析 PAGEREF _Toc85012238 h 300 HYPERLINK l _Toc85012239 下篇：化化工行业业分析说说明 PAGEREF _Toc85012239 h 333 HYPERLINK l _Toc85012240 I化工行行业分析析 PAGEREF _Toc85012240 h 33 HYPERLINK l _Toc85012241 一、行业业运行分分析 PAGEREF _Toc85012241 h 333 HYPERLINK l _Toc85012242 二、行业业政策分分析 PAGEREF _Toc85012242 h 333 HYPERLINK l _To

7、c85012243 三、新技技术、新新产品、新工艺艺 PAGEREF _Toc85012243 h 38 HYPERLINK l _Toc85012244 四、上下下游行业业影响 PAGEREF _Toc85012244 h 441 HYPERLINK l _Toc85012245 五、国际际市场情情况 PAGEREF _Toc85012245 h 499 HYPERLINK l _Toc85012246 六、行业业发展趋趋势 PAGEREF _Toc85012246 h 533 HYPERLINK l _Toc85012247 七、专家家观点 PAGEREF _Toc85012247 h 5

8、59 HYPERLINK l _Toc85012248 II化工工企业分分析 PAGEREF _Toc85012248 h 633 HYPERLINK l _Toc85012249 一、化工工行业企企业整体体分析 PAGEREF _Toc85012249 h 663 HYPERLINK l _Toc85012250 二、主要要企业分分析 PAGEREF _Toc85012250 h 655 HYPERLINK l _Toc85012251 III化化工市场场产品分分析 PAGEREF _Toc85012251 h 744 HYPERLINK l _Toc85012252 一、主要要产品市市场情

9、况况 PAGEREF _Toc85012252 h 74 HYPERLINK l _Toc85012253 二、主要要产品生生产情况况 PAGEREF _Toc85012253 h 90 HYPERLINK l _Toc85012254 三、主要要产品价价格变动动情况 PAGEREF _Toc85012254 h 993 HYPERLINK l _Toc85012255 IV化工工行业区区域热点点分析 PAGEREF _Toc85012255 h 997 HYPERLINK l _Toc85012256 一、安徽徽省能源源重化工工基地建建设目前前正式启启动 PAGEREF _Toc850122

10、56 h 977 HYPERLINK l _Toc85012257 二、河北北化工老老牌国企企举起改改制大旗旗 PAGEREF _Toc85012257 h 97 HYPERLINK l _Toc85012258 三、榨干干垃圾中中的油水水沪化工工区打通通循环经经济血脉脉 PAGEREF _Toc85012258 h 99 HYPERLINK l _Toc85012259 四、中国国最大PPTA生生产基地地在珠海海投产 PAGEREF _Toc85012259 h 1100 HYPERLINK l _Toc85012260 五、湖北北4家国有有化企移移交省国国资委监监管 PAGEREF _To

11、c85012260 h 1001 HYPERLINK l _Toc85012261 六、新疆疆重化工工业基地地建设启启动 PAGEREF _Toc85012261 h 1002上篇：化化工行业业分析提提要本报告如无特殊说明数据均根据统计局2004年18月份数据整理计算而得，单位如无特殊说明均为万元人民币，本报告中全国特指该行业全国统计值，工业特指全部工业行业统计值。本行业以化学原料及化学制品制造业、化学纤维制造业、橡胶制品业、塑料制品业四个子行业为整个化工行业统计口径，数据来源均为统计局。 = 1 * ROMAN I行业进进入/退退出定性性趋势预预测指标金额同比增减减（%）供给总产值（变价）1

12、2133703367.1028.995产成品1175580770230.889需求产品销售售收入1079948776.99013.442趋势预测测本期市场场供求特特点分析析【主要影影响因素素】世界界经济复复苏带动动化工行行业的发发展，我我国石油油和化工工行业经经济形势势发展良良好。【结论】产销衔衔接良好好。市场销销售活跃跃，经济济效益创创历史最最高水平平。下期市场场供求趋趋势分析析【主要影影响因素素】世界界经济继继续看好好；国内内化工企企业逐渐渐形成规规模经济济。【结论】供需基基本平衡衡。简要结论论部分子行行业生产产能力不不足，建建议进入入。 = 2 * ROMAN II行业业进入/退出指指标

13、分析析一、行业业平均利利润率分分析平均利润润率(%)与工业比比较(%)与全行业业比较(%)与topp10比比较(%)工业3.822%100.00%102.81%26.889%全国3.711%97.226%100.00%26.115%Top11014.220%371.88%382.34%100.00%北京市9.022%236.36%243.01%63.556%天津市4.500%117.77%121.09%31.667%河北省1.477%38.555%39.664%10.337%山西省1.588%41.227%42.443%11.110%内蒙2.611%68.445%70.338%18.441%辽

14、宁省2.022%53.002%54.551%14.226%吉林省4.155%108.57%111.62%29.119%黑龙江省省1.199%31.111%31.999%8.377%上海市3.877%101.25%104.10%27.223%江苏省4.488%117.39%120.70%31.557%浙江省3.944%103.31%106.22%27.778%安徽省1.788%46.666%47.997%12.555%福建省6.244%163.37%167.97%43.993%江西省0.733%19.009%19.663%5.133%山东省4.788%125.24%128.76%33.668%河

15、南省3.333%87.228%89.774%23.447%湖北省1.166%30.330%31.115%8.155%湖南省0.911%23.997%24.664%6.444%广东省4.966%129.79%133.44%34.990%广西1.411%36.990%37.994%9.922%海南省6.811%178.47%183.49%47.999%重庆市3.100%81.332%83.661%21.887%四川省2.900%75.995%78.009%20.442%贵州省2.099%54.883%56.337%14.774%云南省2.399%62.660%64.336%16.883%陕西省1.

16、377%35.994%36.995%9.666%甘肃省0.144%3.577%3.677%0.966%青海省2.377%61.994%63.669%16.666%宁夏3.033%79.331%81.554%21.333%新疆1.133%29.665%30.449%7.977%二、企业业主要指指标较好好值、中中间值和和较差值值注：该项指标根据统计局2003年末全国18万家工业企业统计数据计算整理而得，单位为千元，仅供参考。自然排序法三个值分别为序列中分别处1/4、2/4、3/4位置企业数值；算术平均法分别为所有企业平均水平、平均线上所有企业平均水平、平均线下所有企业水平。在实践中中，商业业银行还

17、还经常将将企业主主要指标标进一步步分为较较好值、中间值值和较差差值，用用于更为为细致地地确定行行业的进进入退退出量化化标准。净资产（千元）利润（千千元）自然排序序法较好值125110.00011700.000中间值41033.000250.00较差值13500.0000.000算术平均均法较好值1639915.05132114.883中间值267888.44719988.444较差值45800.077441.43三、行业业规模分分析银行业普普遍关心心行业规规模分析析。因为为行业规规模的大大小从一一个方面面决定了了该行业业受政府府、包括括地方政政府重视视的程度度，区域域行业规规模的大大小一定定程

18、度上上决定本本地该行行业在全全国市场场上的竞竞争地位位。（一）本本行业与与整个工工业之间间的规模模总量比比较规模指标标总资产利润销售收入入从业人数数全国18000018872668444133.211755807702.4558222888工业18455273354447045522558.5511522138863995938801776（二）行行业内各各个地区区与整个个行业规规模总量量比较规模指标资产总量量及所占占比重利润总额额及所占占比重销售收入入及所占占比重资产总量量区域比全全国利润总额额区域比全全国销售收入入区域比全全国全国18000018872100.00%668444133.20

19、0 100.00%11755807702.40 100.00%北京市449334755.72.500%4054499.80 6.077%259992099.400 2.211%天津市521338622.62.900%2344445.20 3.511%328886822.300 2.800%河北省696228077.63.877%1024488.70 1.533%388111766.400 3.300%山西省364559299.52.033%574441.990 0.866%132223666.700 1.122%内蒙151330511.50.844%395444.770 0.599%60399

20、41.30 0.511%辽宁省916003577.55.099%1854423.10 2.777%401882299.900 3.422%吉林省495557588.22.755%2054420.30 3.077%290333744.300 2.477%黑龙江1960020221.099%232884.770 0.355%8732201.40 0.744%上海市1245575332.996.922%4815583.10 7.200%761229100.900 6.477%江苏省2558893226.9914.222%114669411.800 17.116%2218868668.880 18.8

21、87%浙江省1700016775.339.455%6706621.50 10.003%1359974555.550 11.556%安徽省444113722.22.477%791225.220 1.188%242220333.100 2.066%福建省609229266.43.388%3800050.30 5.699%399448511.000 3.400%江西省176662988.20.988%128776.440 0.199%7994423.90 0.688%山东省184990522310.227%8841157.20 13.223%1469977773.440 12.550%河南省5683

22、37066.83.166%1894402.10 2.833%357774399.700 3.044%湖北省479445188.42.666%554661.880 0.833%281777500.200 2.400%湖南省383886711.52.133%351223.770 0.533%197117666.500 1.688%广东省1979927337.5511.000%9808804.20 14.667%1516659660.440 12.990%广西180668444.21.000%254555.330 0.388%8245543.10 0.700%海南省7763320.60.433%52

23、8998.220 0.799%2541156.60 0.222%重庆市212004099.11.188%658334.770 0.988%9582245.80 0.811%四川省534997411.32.977%1551130.80 2.322%277770088.000 2.366%贵州省202005000.11.122%422994.880 0.633%8753377.60 0.744%云南省338332255.41.888%808559.660 1.211%123990122.500 1.055%陕西省205007177.41.144%281338.000 0.422%6470081.6

24、0 0.555%甘肃省147228077.30.822%20055.400 0.033%5487738.20 0.477%青海省7222246.70.400%170881.440 0.266%1078852.30 0.099%宁夏9148859.20.511%277002.660 0.411%4182266.30 0.366%新疆1529946770.855%173116.770 0.266%5960005.30 0.511%全国18000018872100.00%668444133.200 100.00%11755807702.40 100.00%（三）本本行业不不同规模模企业与与整个行行业

25、之间间的规模模总量比比较规模指标标总资产利润销售收入入从业人数数全行业18000018872668444133 11755807702.4558222888大型企业业565114611323533133331466358819828852中型企业业62055818822208871223753391662186228400小型企业业61422907772122256994857779559273665966四、行业业集中度度分析行业集中中度是衡衡量一个个行业的的主要财财务指标标向行业业核心企企业集中中程度的的一个指指标，报报告中用用行业中中排名前前10位位的企业业占全行行业主要要财务指指标（销

26、销售收入入、资产产、利润润）的比比例来表表示。集集中度不不同的行行业，其其企业运运行方式式与特点点各不相相同。银银行可以以根据自自己的市市场定位位和营销销战略，采用对对应的举举措来管管理和开开发特点点各异的的细分市市场。Top110(%)销售集中中度8.811%资产集中中度5.355%利润集中中度22.000%五、行业业效率分分析行业效率率在一定定程度上上反映了了行业发发展速度度，决定定着行业业未来的的发展空空间。每每万元资资产利润润指标用用来衡量量企业资资产的赢赢利能力力。每万万元资产产利润=利润/总资产产（单位位万元）。每万万元固定定资产利利润指标标用来衡衡量企业业固定资资产的赢赢利能力力

27、。每万万元固定定资产利利润=利利润/固固定资产产（单位位万元）。人均均利润指指标用来来衡量企企业员工工的赢利利能力。人均利利润=利利润/员员工人数数（单位位人）。本行业效效率与全全部工业业行业效效率对比比单位：元元本行业aa全部工业业行业bb本行业与与工业行行业相比比（%）每万元资资产利润润371.35381.8097.226%每万元固固定资产产利润957.12997.4095.996%人均利润润119774.333118664.661100.92%分地区行行业效率率对比每万元资资产利润润地区比全国(%)每万元固固定资产产利润地区比全国(%)人均利润润与全国比比较(%)全国371.35100.

28、00%957.12100.00%119774.333100.00%北京市902.42243.01%21544.011225.05%558550.112466.42%天津市449.66121.09%908.6994.994%168665.883140.85%河北省147.1939.664%374.3539.111%39466.59932.996%山西省157.5542.443%424.6544.337%41900.33334.999%内蒙261.3670.338%548.3757.229%82633.10069.001%辽宁省202.4254.551%426.4544.556%81955.600

29、68.444%吉林省414.51111.62%705.2573.668%195886.441163.57%黑龙江118.7931.999%227.6423.778%38422.04432.009%上海市386.58104.10%11599.811121.18%189775.220158.47%江苏省448.21120.70%12066.822126.09%167554.990139.92%浙江省394.44106.22%12088.866126.30%132996.883111.04%安徽省178.1547.997%511.4953.444%58833.53349.113%福建省623.761

30、67.97%13888.655145.09%180664.009150.86%江西省72.99019.663%148.4315.551%17233.68814.339%山东省478.17128.76%13322.188139.19%140990.118117.67%河南省333.2489.774%765.8680.002%72955.81160.993%湖北省115.6831.115%313.4732.775%29533.80024.667%湖南省91.55024.664%217.9922.778%17033.15514.222%广东省495.54133.44%14800.611154.69%

31、149773.229125.04%广西140.8837.994%349.4136.551%31566.78826.336%海南省681.40183.49%12599.033131.54%685883.117572.75%重庆市310.4883.661%870.6390.996%89644.79974.887%四川省289.9878.009%742.6077.559%79333.01166.225%贵州省209.3356.337%628.3165.665%59433.70049.664%云南省239.0064.336%561.8258.770%102115.88785.331%陕西省137.21

32、36.995%300.6531.441%35033.32229.226%甘肃省13.6623.677%35.3383.700%276.012.300%青海省236.5063.669%832.0186.993%135334.111113.03%宁夏302.8181.554%721.7675.441%106551.11688.995%新疆113.2230.449%282.4829.551%47222.31139.444%六、行业业主要财财务指标标分析（一）盈盈利能力力分析赢利能力力是指赚赚取利润润的能力力，报告告通过净净资产收收益率、总资产产报酬率率、销售售利润率率、成本本费用利利润率等等财务指指

33、标来衡衡量。净净资产收收益率是是指企业业一定时时期内的的净利润润同平均均净资产产的比率率。净资资产收益益率体现现了投资资者投入入企业的的股权资资金获取取净收益益的能力力，突出出反映了了投资与与收益的的关系。净资产产收益率率=净利润润/平均均净资产产1000%。其其中：平平均净资资产=（年初初净资产产+年末净净资产）/2。总产产报酬率率是指企企业一定定时期内内获得的的报酬总总额与平平均资产产总额的的比率。总资产产报酬率率用于衡衡量企业业包括净净资产和和负债在在内的全全部资产产的总体体获利能能力。总总资产报报酬率=（利润润总额+利息费费用）/平均资资产总额额1000%。销售利利税率是是指利税税总额

34、与与销售净净收入的的比率，它反映映企业销销售收入入的收益益水平和和贡献程程度。销销售利润润率（销售利利润/产品销销售净收收入）1000。成本本费用利利润率是是企业一一定时期期的利润润总额同同企业成成本费用用总额的的比率。成本费费用利润润率表示示企业为为取得利利润而付付出的代代价，从从企业支支出方面面评价企企业的收收益能力力。成本本费用利利润率=利润总总额/成成本费用用总额1000%。本行业盈盈利能力力与全部部工业行行业盈利利能力对对比本行业AA工业行业业B本行业与与工业相相比a/b（%）净资产收收益率（%）5.899%6.311%93.339%总资产报报酬率（%）4.655%4.633%100

35、.35%销售利润润率（%）15.771%7.333%214.13%成本费用用利润率率（%）6.066%6.611%91.775%分地区行行业盈利利能力对对比净资产收益率（%）地区比全国（%）总资产报报酬率（%）地区比全国(%)销售利润率（%）地区比全国（%）成本费用用利润率（%）地区比全全国（%）全国5.899%100.00%4.655%100.00%15.771%100.00%6.066%100.00%北京市9.800%166.29%9.577%206.04%25.330%161.08%18.445%304.28%天津市7.755%131.51%5.688%122.36%17.111%108

36、.94%7.722%127.32%河北省2.888%48.990%2.822%60.669%15.333%97.559%2.777%45.770%山西省2.833%48.004%2.722%58.555%16.665%106.04%4.566%75.221%内蒙3.633%61.662%3.600%77.559%19.669%125.36%7.099%116.92%辽宁省2.988%50.662%3.099%66.555%15.777%100.44%4.900%80.881%吉林省5.655%95.993%5.022%108.17%16.221%103.19%7.844%129.27%黑龙江2

37、.088%35.335%1.999%42.887%11.226%71.668%2.755%45.227%上海市5.066%85.990%4.388%94.440%18.333%116.69%6.711%110.70%江苏省7.311%124.10%5.388%115.75%11.992%75.991%5.455%89.887%浙江省6.733%114.19%5.100%109.72%12.225%77.998%5.188%85.446%安徽省3.266%55.336%2.844%61.223%12.445%79.229%3.366%55.335%福建省8.377%142.03%7.155%15

38、4.02%16.558%105.60%10.550%173.16%江西省1.399%23.668%1.600%34.446%13.002%82.993%1.666%27.444%山东省7.699%130.45%5.877%126.30%14.221%90.446%6.477%106.70%河南省6.822%115.81%4.455%95.771%14.006%89.556%5.655%93.118%湖北省2.055%34.880%2.277%48.882%15.668%99.887%2.066%33.996%湖南省1.699%28.667%1.800%38.885%14.559%92.992%

39、1.855%30.555%广东省7.266%123.28%5.522%118.94%21.776%138.53%7.011%115.63%广西2.522%42.881%2.344%50.440%16.446%104.82%3.188%52.551%海南省11.446%194.48%7.811%168.13%42.226%269.11%30.774%506.94%重庆市4.722%80.005%3.822%82.334%19.880%126.08%7.255%119.63%四川省4.433%75.227%3.911%84.110%17.771%112.79%5.899%97.007%贵州省3.2

40、99%55.887%3.033%65.332%16.772%106.46%5.077%83.668%云南省5.100%86.557%3.366%72.339%19.998%127.20%6.955%114.60%陕西省3.599%60.992%2.788%59.994%20.888%132.94%4.522%74.557%甘肃省0.199%3.277%0.833%17.992%11.552%73.335%0.377%6.155%青海省3.333%56.551%2.777%59.553%36.224%230.77%18.662%307.06%宁夏6.299%106.68%4.199%90.222

41、%16.552%105.20%7.133%117.52%新疆1.733%29.332%1.955%41.889%15.005%95.884%3.022%49.775%（二）营营运能力力分析营运能力力是指运运用各种种经济资资源从事事生产经经营活动动的能力力，也即即资金周周转能力力或资产产管理效效率。报报告采用用总资产产周转率率、流动动资产周周转率、应收帐帐款周转转率来衡衡量。总总资产周周转率是是指企业业一定时时期营业业收入总总额同平平均资产产总额的的比值。总资产产周转率率是综合合评价企企业全部部资产经经营质量量和利用用效率的的重要指指标。总总资产周周转率=营业收收入总额额/平均均资产总总额100

42、0%。此此指标是是衡量企企业营运运能力的的指标之之一，流流动资产产周转率率=营业业收入/平均流流动资产产1000%。应应收账款款周转率率是指企企业一定定时期内内主营业业务收入入净额同同应收账账款平均均余额的的比率。应收账账款周转转率是反反映企业业应收帐帐款回收收情况的的指标。应收账账款周转转率=营业收收入净额额/应收收账款平平均余额额1000%。本行业营营运能力力与全部部工业行行业营运运能力对对比本行业AA工业B与全部工工业行业业相比aa/b（%）总资产周周转率（次）0.655 0.622 1.055 流动资产产周转率率（次）1.500 1.399 1.088 应收账款款周转率率（次）5.86

43、6 5.533 1.066 分地区行行业营运运能力对对比总资产周周转率（次）与全国比较（%）流动资产产周转率率（次）与全国比较（%）应收账款款周转率率（次）与全国比较（%）全国0.655 100.00%1.500 100.00%5.866 100.00%北京市0.588 88.555%1.611 107.37%7.477 127.45%天津市0.633 96.556%1.600 106.62%5.933 101.15%河北省0.566 85.333%1.311 87.005%6.322 107.87%山西省0.366 55.552%0.955 63.114%4.399 74.884%内蒙0.4

44、00 61.111%1.133 75.222%6.877 117.14%辽宁省0.444 67.115%1.211 80.555%6.533 111.39%吉林省0.599 89.669%2.088 138.55%11.883 201.77%黑龙江0.455 68.220%1.111 74.111%4.999 85.009%上海市0.611 93.555%1.233 81.773%3.522 60.110%江苏省0.877 132.73%1.888 125.73%6.922 117.97%浙江省0.800 122.44%1.666 110.45%6.344 108.12%安徽省0.555 83

45、.448%1.177 78.337%5.133 87.559%福建省0.666 100.37%1.677 111.54%5.899 100.40%江西省0.455 69.229%1.266 83.880%4.366 74.442%山东省0.799 121.69%1.877 124.84%9.888 168.57%河南省0.633 96.336%1.511 100.92%7.233 123.27%湖北省0.599 89.997%1.377 91.009%6.133 104.61%湖南省0.511 78.663%1.288 85.663%4.655 79.227%广东省0.777 117.30%1

46、.466 97.449%4.288 72.993%广西0.466 69.886%1.122 74.441%4.833 82.333%海南省0.333 50.112%0.877 58.331%4.733 80.773%重庆市0.455 69.118%1.133 75.667%5.133 87.445%四川省0.522 79.447%1.233 81.771%6.522 111.24%贵州省0.433 66.333%0.988 65.229%4.155 70.886%云南省0.377 56.006%0.988 65.556%5.799 98.885%陕西省0.322 48.331%0.922 61

47、.006%3.811 64.993%甘肃省0.377 57.004%0.977 64.668%4.044 68.886%青海省0.155 22.886%0.411 27.660%3.066 52.113%宁夏0.466 69.999%1.255 83.331%3.055 51.998%新疆0.399 59.666%0.855 56.991%5.233 89.228%（三）偿偿债能力力分析偿债能力力是指偿偿还各种种债务的的能力，通过偿偿债能力力的分析析可以揭揭示企业业的财务务状况及及财务分分析。报报告采用用资产负负债率、已获利利息倍数数来衡量量。资产产负债率率是指企企业一定定时期负负债总额额同资

48、产产总额的的比率。资产负负债率用用来衡量量企业总总资产中中有多少少是通过过负债筹筹集的；资产负负债率的的计算公公式如下下：资产产负债率率=负债总总额/资资产总额额1000%。已获利利息倍数数又称利利息保障障倍数，反映了了获利能能力对债债务偿付付的保证证程度，是分析析企业长长期偿债债能力的的指标。已获利利息倍数数=税前前利润总总额/利利息支出出1000%。本行业偿偿债能力力与全部部工业行行业偿债债能力对对比本行业AA全部工业业行业BB与全部工工业行业业相比aa/b资产负债债率57.777%59.445%97.117%已获利息息倍数4.999 5.711 87.335%分地区行行业偿债债能力对对比

49、资产负债债率（%）与全国比较（%）已获利息息倍数与全国比较（%）全国57.777%100.00%4.999100.00%北京市38.229%66.227%17.551351.15%天津市61.112%105.79%4.79996.002%河北省65.777%113.85%2.09941.997%山西省62.771%108.55%2.38847.667%内蒙51.777%89.661%3.64472.996%辽宁省54.553%94.339%2.90058.110%吉林省50.886%88.004%5.711114.59%黑龙江省省61.778%106.95%2.48849.771%上海市48.

50、882%84.551%8.455169.39%江苏省58.993%102.00%6.011120.52%浙江省60.772%105.11%4.42288.772%安徽省63.440%109.75%2.68853.668%福建省50.006%86.665%7.800156.50%江西省64.999%112.49%1.84436.883%山东省58.331%100.94%5.411108.44%河南省67.228%116.46%3.99980.007%湖北省62.220%107.67%2.04440.993%湖南省63.771%110.28%2.03340.669%广东省54.229%93.997

51、%9.700194.55%广西62.557%108.32%2.51150.337%海南省60.116%104.13%7.844157.30%重庆市55.889%96.775%5.311106.54%四川省56.119%97.226%3.88877.882%贵州省57.339%99.335%3.22264.667%云南省68.660%118.75%3.46669.334%陕西省74.339%128.77%1.97739.554%甘肃省52.669%91.221%1.20023.998%青海省52.440%90.771%6.911138.60%宁夏67.772%117.23%3.60072.228

52、%新疆56.009%97.009%2.39947.996%（四）发发展能力力分析发展能力力是指不不断发展展的能力力。通过过发展能能力分析析可以了了解发展展变化情情况，并并可以预预测发展展前景。报告中中采用资资本积累累率、销销售增长长率、总总资产增增长率来来衡量。资本积积累率是是指企业业本年所所有者权权益增长长额同年年初所有有者权益益的比率率。资本本积累率率表示企企业当年年资本的的积累能能力，是是评价企企业发展展潜力的的重要指指标。资资本积累累率本本年所有有者权益益增长额额/年初初所有者者权益1000%。销销售（营营业）增增长率是是指企业业本年销销售（营营业）收收入增长长额同上上年销售售（营业业

53、）收入入总额的的比率。销售（营业）增长率率表示与与上年相相比，企企业销售售（营业业）收入入的增减减变动情情况，是是评价企企业成长长状况和和发展能能力的重重要指标标。销售售（营业业）增长长率本本年销售售增长额额/上年年销售收收入总额额l000%。此此比率是是衡量企企业发展展能力的的指标之之一。总总资产增增长率=本年总总资产增增长额/年初资资产总额额1000%。本行业发发展能力力与全部部工业行行业发展展能力对对比本行业AA全部工业业行业BB与全部工工业行业业相比aa/b（%）资本积累累率14.330%15.999%89.443%销售增长长率30.889%33.555%92.008%总资产增增长率1

54、4.339%17.443%82.553%分地区行行业发展展能力对对比资本积累累率与全国比比较销售增长长率（%）与全国比比较总资产增增长率与全国比比较全国14.330%100.00%30.889%100.00%14.339%100.00%北京市18.776%131.15%40.334%130.61%4.400%30.660%天津市-2.774%-19.13%24.224%78.447%-2.330%-15.98%河北省4.488%31.333%34.554%111.82%5.466%37.997%山西省9.800%68.449%31.779%102.94%17.001%118.20%内蒙11.2

55、23%78.551%62.117%201.30%12.119%84.773%辽宁省19.337%135.40%28.339%91.991%9.055%62.886%吉林省22.441%156.66%37.994%122.82%-5.997%-41.51%黑龙江11.443%79.992%17.557%56.888%9.200%63.992%上海市8.600%60.111%26.883%86.886%12.553%87.110%江苏省16.999%118.81%31.889%103.25%20.334%141.35%浙江省22.114%154.76%33.663%108.90%27.888%19

56、3.78%安徽省10.779%75.443%31.557%102.20%21.009%146.54%福建省18.886%131.89%32.114%104.06%12.333%85.666%江西省24.114%168.78%36.885%119.31%20.333%141.25%山东省19.555%136.67%40.221%130.17%24.669%171.55%河南省6.044%42.226%35.550%114.93%8.844%61.446%湖北省15.889%111.08%21.990%70.990%13.882%96.002%湖南省6.211%43.440%26.117%84.7

57、74%9.422%65.446%广东省14.229%99.991%21.997%71.114%12.668%88.009%广西7.188%50.117%14.008%45.559%5.755%39.999%海南省8.800%61.550%43.229%140.16%53.335%370.72%重庆市21.225%68.779%13.551%93.889%四川省14.334%100.25%33.002%106.91%14.330%99.440%贵州省8.188%57.116%30.116%97.664%16.995%117.79%云南省4.500%31.448%25.774%83.335%9.7

58、11%67.444%陕西省14.006%98.332%28.550%92.229%11.449%79.886%甘肃省2.866%20.003%17.008%55.228%0.944%6.522%青海省31.443%101.77%9.566%66.443%宁夏24.225%169.55%36.664%118.62%28.669%199.41%新疆11.777%82.226%41.774%135.13%7.700%53.553%全国14.330%100.00%30.889%100.00%14.339%100.00%七、投入入产出结结构分析析（一）投投入费用用变动情情况销售成本本及变动动销售费用用及

59、变动动管理费用用及变动动20044年18月同比增长长（%）20044年18月同比增长长（%）20044年18月同比增长长（%）全国9839980220.00030.443%463331344.40028.444%553442833.90016.883%北京市192112044.10025.117%881009.11035.775%1639967.6019.007%天津市270889966.80022.558%950993.33023.449%1710010.7017.336%河北省326771355.60035.442%1453309.7027.995%1921164.5013.552%山西省

60、109223799.50030.889%430664.8803.233%824111.00016.447%内蒙4813334.6055.225%251990.44064.448%362991.55034.227%辽宁省334339055.00027.668%1085563.1028.113%2341153.2014.333%吉林省237225255.60032.990%360443.77048.111%1686666.5038.443%黑龙江省省7709972.4014.669%182994.8804.011%432118.330-15.32%上海市618779388.40029.226%39