燕京啤酒股份有限公司财务分析报告

《财务分析》结课论文——燕京啤酒股份财务分析报告《财务分析》结课论文——燕京啤酒股份财务分析报告1刘卫清1刘卫清班燕京啤酒股份财务分析报告一，公司简介：燕京1980年建厂，1993年组建集团。经过30多年快速、安康的进展，燕京已经成为中国最大啤酒企业集团之一。燕京用20年的时间跨越了世界啤酒业100年的进展历程。2023年燕京进展成为拥有有形资产187亿元、2023年燕京商标商誉价值总计365.94亿元。员工43000389〔厂〕4240500益工业企业、中国行业百强企业。燕京啤酒集团一九九六年开头股份制改造，经过一年筹备工作，燕京啤酒集团公司于1997年完成了股份制改造，并在半年内获得了两个融资渠道：一个是 1997年5月参加了北京控股在香港的红筹股上市，二是 市场A股上市。二，财务报表分析：〔一〕资产负债表分析〔1〕水平分析：表1 燕京啤酒期资产负债表水平分析表 单位：元工程流淌资产：2023-12-312023-12-31变动状况变动额变动〔%〕对总资产的影响〔%〕货币资金1,516,375,960.511,042,269,671.22474,106,289.2945.494．00应收票据2,678,750.0033,759,689.00-31,080,939.00-92.07-0.26应收账款75,108,413.82108,432,777.60-33,324,363.78-30.73-0.28预付款项430,857,176.44225,212,737.54205,644,438.9091.311.73其他应收款70,060,513.2670,782,351.89-721,838.63-1.02-0.01存货2,983,040,905.262,430,027,096.67553,013,808.5922.764.66其他流淌资产5,078,121,719.293,910,484,323.92流淌资产合计1,516,375,960.511,042,269,671.221,167,637,395.3729.869.85非流淌资产：长期股权投资198,542,876.0366,542,876.03132,000,000.00198.371.11固定资产7,475,613,917.516,850,940,119.97624,673,797.549.125.27在建工程1,008,393,367.71352,494,134.30655,899,233.41186.075.53《财务分析》结课论文——燕京啤酒股份财务分析报告《财务分析》结课论文——燕京啤酒股份财务分析报告2刘卫清2刘卫清班工程物资579,477.31-579,477.31-1000无形资产711,308,967.89612,786,381.7198,522,586.1816.080.83商誉187,407,536.8850,461,810.27136,945,726.61271.381.16递延所得税资产11,315,477.1411,647,092.95-331,615.81-2.850非流淌资产合计9,592,582,143.167,945,451,892.541,647,130,250.6220.7313.89资产总计14,670,703,862.4511,855,936,216.462,814,767,645.9923.7423.74流淌负债：短期借款1,621,000,000.001,205,000,000.00416,000,000.0034.523.51应付票据39,454,050.6323,828,276.3315,625,774.3065.580.13应付账款802,619,269.28553,317,880.95249,301,388.3345.062.1预收款项288,388,274.32277,819,275.3210,568,999.003.80.09应付职工薪酬42,871,115.1036,250,252.856,620,862.2518.260.06应交税费63,053,449.3792,002,020.10-28,948,570.73-31.47-0.24应付利息3,411,438.331,509,000.001,902,438.33126.070.02应付股利22,390,405.1324,301,708.88-1,911,303.75-7.86-0.02其他应付款1,216,968,875.65884,206,275.99332,762,599.6637.632.81一年内到期的非流淌负债9,614,656.8190,000,000.00-80,385,343.19-89.32-0.68流淌负债合计4,109,771,534.623,188,234,690.42921,536,844.2028.97.77非流淌负债：长期借款150,000,000.008,800,000.00141,200,000.001604.551.19应付债券882,710,506.93882,710,506.937.45递延所得税负债291,665.000291,665.000其他非流淌负债18,949,350.5616,578,664.182,370,686.3814.30.02非流淌负债合计1,051,951,522.4925,378,664.181,026,572,858.314045.028.66负债合计5,161,723,057.103,213,613,354.601,948,109,702.5060.6216.43股东权益：股本1,210,266,963.001,210,266,963.000.0000资本公积3,896,225,752.473,652,993,855.91243,231,896.566.662.05盈余公积878,373,742.44760,796,815.59117,576,926.8515.450.99未安排利润2,189,925,051.311,731,271,434.69458,653,616.6226.493.87归属于母公司全部者权益合计8,174,791,509.227,355,329,069.19819,462,440.0311.146.91少数股东权益1,334,189,296.121,286,993,792.6747,195,503.453.670.4股东权益合计9,508,980,805.348,642,322,861.86866,657,943.4810.037.31负债和股东权益总计14,670,703,862.4511,855,936,216.462,814,767,645.9923.7423.74资产负债表构造变动状况的分析评价依据表1，可以对燕京啤酒总资产变动状况作如下分析评价：2,814,767,645.9923.74%，说明该公司2023年资产规模有较大幅度增长。进一步分析可以觉察：1，1,167,637,395.3729.86%，使总资产规模增加了1,647,130,250.6220.73%，使总资产规模增13.892,814,767,645.9923.74%。2，本期总资产的增长主要表达在非流淌资产的增长上。尽管非流淌资产的各工程都有不加，说明企业生产规模的扩大，生产力量的增加。3，流淌资产的变动主要表达在两个方面。一是存货的大规模增长。存货本期增加了22.76%，4.66%。结合固定资产和在建工45.494.00%。货币资金的增长应结合企业现金需要量，从资金利用效果方面进展分析，这样才能做出恰当的评价。垂直分析工程2023-12-312023-12-312023工程2023-12-312023-12-3120232023变动状况〔%〕〔%〕(%)流淌资产：非流淌资产：货币资金1,516,375,960.511,042,269,671.2210.348.791.55应收票据2,678,750.0033,759,689.000.020.28-0.26应收账款75,108,413.82108,432,777.600.510.91-0.40预付款项430,857,176.44225,212,737.542.941.901.04其他应收款70,060,513.2670,782,351.890.480.60-0.12存货2,983,040,905.262,430,027,096.6720.3320.50-0.17流淌资产合计5,078,121,719.293,910,484,323.9234.6132.981.63长期股权投资198,542,876.0366,542,876.031.350.560.79固定资产7,475,613,917.516,850,940,119.9750.9657.78-6.82在建工程1,008,393,367.71352,494,134.306.872.973.90工程物资579,477.31无形资产711,308,967.89612,786,381.714.855.17-0.32商誉187,407,536.8850,461,810.271.280.430.85递延所得税资产11,315,477.1411,647,092.950.080.10-0.02非流淌资产合计9,592,582,143.167,945,451,892.5465.3967.02-1.63资产总计14,670,703,862.451,621,000,000.0011,855,936,216.461,205,000,000.00100.001.05100.0010.160.89应付票据39,454,050.6323,828,276.330.270.200.07应付账款802,619,269.28553,317,880.955.474.670.80预收款项288,388,274.32277,819,275.321.972.34-0.37应付职工薪酬42,871,115.1036,250,252.850.290.31-0.01应交税费63,053,449.3792,002,020.100.430.78-0.35应付利息3,411,438.331,509,000.000.020.010.01应付股利22,390,405.1324,301,708.880.150.20-0.05其他应付款1,216,968,875.65884,206,275.998.307.460.84一年内到期的非流淌负债9,614,656.8190,000,000.000.070.76-0.69流淌负债合计4,109,771,534.623,188,234,690.4228.0126.891.12非流淌负债：长期借款150,000,000.008,800,000.001.020.070.95应付债券882,710,506.9300.020.000.02递延所得税负债291,665.0000.000.000.00其他非流淌负债18,949,350.5616,578,664.180.130.140.01非流淌负债合计1,051,951,522.4925,378,664.187.170.216.96负债合计5,161,723,057.103,213,613,354.6035.1827.118.08股东权益：股本1,210,266,963.001,210,266,963.008.2510.21-1.96资本公积3,896,225,752.473,652,993,855.9126.5630.81-4.25盈余公积878,373,742.44760,796,815.595.996.42-0.43未安排利润2,189,925,051.311,731,271,434.6914.9314.600.32归属于母公司全部者权益合计8,174,791,509.227,355,329,069.1955.7262.04-6.32少数股东权益1,334,189,296.121,286,993,792.679.0910.86-1.76股东权益合计9,508,980,805.348,642,322,861.8664.8272.89-8.08负债和股东权益总计14,670,703,862.4511,855,936,216.46100.00100.000.00资产负债表构造变动状况的分析评价1，资产构造的分析评价2从静态方面分析。就一般意义而言，企业流淌资产变现力量强，其资产风险小；非流淌资产变现力量较差，其资产风险较大。该公司本期流淌资产比重为34.61%，而非流淌资产比重高达65.39%。依据该公司的资产构造，可认为该公司资产的流淌性较差，资产风险较大。1.63%1.63%。结合各资产工程的构造变动状况来看，除货币资金比重上升了1.55%，预付款项比重上升了1.04%，固定资产比重下降了6.82%，在建工程比重上升了3.90%外，其他资产比重变动不大，定。2，资本构造的分析评价从静态方面看，该公司股东权益比重为64.82%，负债比重为35.18%，资产负债率35.18%，该比率相对较小，说明企业经营相比照较安全，但企业同时也会较多的负担资金本钱。从动态方面看，该公司股东权益比重下降了8.08%，负债比重上升了8.08%，除归6.32%，4.25%变动较大外，其他各项比重变动幅度不大，说明该公司资本构造还是相对稳定的，财务实力有所下降。〔二〕利润表分析表3 报告期内公司的利润构造单位：元利润构造 2023-12-312023-12-31金额金额营业总收入 1,516,375,960.511,042,269,671.22营业总本钱 9,314,859,564.118,671,928,860.28营业本钱 6,041,722,029.505,712,954,138.04营业税金及附加 1,178,222,140.841,120,646,653.91销售费用 1,212,126,350.401,012,826,603.80治理费用 829,091,325.07743,497,517.09财务费用 46,109,408.8368,148,046.16资产减值损失 7,588,309.4713,855,901.28投资收益 571,841.16465,941.51对联营企业和合营企业的投资收-187,222.96益营业利润 984,103,724.45818,655,442.03加：营业外收入 125,983,901.43125,055,433.66减：营业外支出 22,187,094.0715,365,301.08其中：非流淌资产处置损失 7,255,779.239,722,723.94四、利润总额〔亏损总额以“-”1,087,900,531.81928,345,574.61号填列〕净利润〔净亏损以“-”号填列〕868,252,169.06752,309,213.66归属于母公司全部者的净利润769,873,257.55627,492,974.16营业利润对总利润的奉献0.900.88202320.2%。其增长的缘由主要是扩大市场等缘由。2023产减值损失有所削减，主要是集团内部加以掌握，降低了减值损失。〔三〕现金流量表分析现金流量4报告期内公司的现金流量构造2023-12-31金额单位：元2023-12-31金额经营活动现金流出小计12,603,153,137.6511,816,354,013.69经营活动现金流出小计1,516,375,960.511,042,269,671.22投资活动现金流入小计2,678,750.0033,759,689.00投资活动现金流出小计75,108,413.82108,432,777.60筹资活动现金流入小计430,857,176.44225,212,737.54筹资活动现金流出小计70,060,513.2670,782,351.89汇率变动对现金及现金等价物的影响2,983,040,905.262,430,027,096.67现金及现金等价物净增加额5,078,121,719.293,910,484,323.92期末现金及现金等价物余额1,008,393,367.71352,494,134.30经营活动现金流出小计8,724,083,366.147,782,234,781.90投资活动现金流入小计27,670,035.6748,698,537.42投资活动现金流出小计1,641,065,289.42986,778,087.57筹资活动现金流入小计5,214,284,150.361,214,420,000.00筹资活动现金流出小计4,907,913,118.01389,209,493.13汇率变动对现金及现金等价物的影响2,983,040,905.262,430,027,096.67现金及现金等价物净增加额777.77期末现金及现金等价物余额854,395,703.231,168,260,375.28从表4中可以看出，在2023年现金流量有变化，公司的经营活动现金流出增加，筹集活2023会导致经营上的问题。三，财务效率分析〔一〕偿债力量分析1，短期偿债力量流淌比率：流淌比率＝(流淌资产/流淌负债)*100%流淌比率越高说明资产流淌性强，短期偿债力量强。5报告期内流淌比率表单位：元2023-12-312023-12-31流淌资产合计5,078,121,719.293,910,484,323.92流淌负债合计4,109,771,534.623,188,234,690.42流淌比率1.2356214151.226535906从表5很强。速动比率速动比率＝〔速动资产/流淌负债〕*100%产的流淌性越强，短期偿债力量越强。资产负债率资产负债率负债总额/资产总额6资产负债率表单位：元2023-12-312023-12-31负债总额5,161,723,057.113,213,613,354.60资产总额14,670,703,862.4511,855,936,216.46资产负债率0.3518388150.27105521660.4公司的长期偿债力量不是很强。〔二，营运力量分析流淌资产周转率＝主营业务收入÷平均流淌资产其中：平均流淌资产=〔年初流淌资产+年末流淌资产〕/2降低企业盈利力量。下面从总资产周转率，存货周转率和流淌资产周转率来说明燕京啤酒的营运力量：7营运力量分析表单位：元主营业务收入1,516,375,960