包鋼鋼鐵上市公司財(cái)務(wù)報(bào)表分析報(bào)告----2011年報(bào)10商會(huì)計(jì)浦笑月1010404113資產(chǎn)負(fù)債表分析期末余額年初余額增減金額增減百分比年初結(jié)構(gòu)百分比年末結(jié)構(gòu)百分比流淌資產(chǎn)貨幣資金4,046,437,097.303,490,823,138.53555,613,958.7715.92%8.23%8.14%交易性金融資產(chǎn)26,070,449.2631,381,597.22-5,311,147.96-16.92%0.07%0.05%應(yīng)收票據(jù)6,226,356,384.613,680,299,588.972,546,056,795.6469.18%8.68%12.52%應(yīng)收賬款1,000,995,213.14885,570,733.17115,424,479.9713.03%2.09%2.01%預(yù)付款項(xiàng)524,422,800.13988,822,994.71-464,400,194.58-46.96%2.33%1.05%其他應(yīng)收款745,156,775.37232,947,127.71512,209,647.66219.88%0.55%1.50%存貨13,724,715,113.5911,232,271,001.412,492,444,112.1822.19%26.49%27.60%其他流淌資產(chǎn)30,570,918.9838,870,918.97-8,299,999.99-21.35%0.09%0.06%流淌資產(chǎn)合計(jì)26,324,724,752.3820,580,987,100.695,743,737,651.6927.91%48.54%52.93%非流淌資產(chǎn)長(zhǎng)期股權(quán)投資357,745,697.01289,401,362.3468,344,334.6723.62%0.68%0.72%固定資產(chǎn)16,562,659,819.1916,540,808,602.3121,851,216.880.13%39.01%33.30%在建工程5,848,137,463.294,208,338,634.331,639,798,828.9638.97%9.92%11.76%工程物資829,059.83829,059.830.00%0.00%無(wú)形資產(chǎn)206,864.00232,722.00-25,858.00-11.11%0.00%0.00%遞延所得稅資產(chǎn)638,779,090.43783,102,803.67-144,323,713.24-18.43%1.85%1.28%非流淌資產(chǎn)合計(jì)23,408,357,993.7521,821,884,124.651,586,473,869.107.27%51.46%47.07%資產(chǎn)總計(jì)49,733,082,746.1342,402,871,225.347,330,211,520.7917.29%100.00%100.00%流淌負(fù)債短期借款3,025,300,000.001,520,000,000.001,505,300,000.0099.03%3.58%6.08%應(yīng)付票據(jù)4,209,830,000.003,253,980,000.00955,850,000.0029.37%7.67%8.46%應(yīng)付賬款9,544,811,797.187,356,535,056.802,188,276,740.3829.75%17.35%19.19%預(yù)收款項(xiàng)4,702,030,909.174,767,616,019.04-65,585,109.87-1.38%11.24%9.45%應(yīng)付職工薪酬287,490,958.04237,396,596.4250,094,361.6221.10%0.56%0.58%應(yīng)交稅費(fèi)-605,165,162.05-581,798,054.73-23,367,107.324.02%-1.37%-1.22%應(yīng)付利息143,856,159.4046,810,000.0097,046,159.40207.32%0.11%0.29%應(yīng)付股利267,940.08267,940.080.000.00%0.00%0.00%其他應(yīng)付款935,931,203.221,010,697,526.25-74,766,323.03-7.40%2.38%1.88%一年內(nèi)到期的非流淌負(fù)債4,968,476,300.002,199,165,111.662,769,311,188.34125.93%5.19%9.99%流淌負(fù)債合計(jì)27,212,830,105.0419,810,670,195.527,402,159,909.5237.36%46.72%54.72%非流淌負(fù)債長(zhǎng)期借款4,983,242,894.827,260,817,914.82-2,277,575,020.00-31.37%17.12%10.02%應(yīng)付債券3,000,000,000.001,000,000,000.002,000,000,000.00200.00%2.36%6.03%長(zhǎng)期應(yīng)付款1,514,368,292.001,513,651,266.00717,026.000.05%3.57%3.04%遞延所得稅負(fù)債1,435,164.342,762,951.33-1,327,786.99-48.06%0.01%0.00%非流淌負(fù)債合計(jì)9,499,046,351.169,777,232,132.15-278,185,780.99-2.85%23.06%19.10%負(fù)債合計(jì)36,711,876,456.2029,587,902,327.677,123,974,128.5324.08%69.78%73.82%所得稅權(quán)益實(shí)收資本6,423,643,659.006,423,643,659.000.000.00%15.15%12.92%資本公積3,790,600,601.344,092,326,505.24-301,725,903.90-7.37%9.65%7.62%專項(xiàng)儲(chǔ)備11,686,062.808,111,784.983,574,277.8244.06%0.02%0.02%盈余公積874,646,179.09874,646,179.090.000.00%2.06%1.76%未安排利潤(rùn)1,791,605,295.951,373,774,510.92417,830,785.0330.41%3.24%3.60%歸屬于母公司全部者12,892,181,798.1812,772,502,639.23119,679,158.950.94%30.12%25.92%權(quán)益合計(jì)少數(shù)股東權(quán)益129,024,491.7542,466,258.4486,558,233.31203.83%0.10%0.26%全部者權(quán)益合計(jì)13,021,206,289.9312,814,968,897.67206,237,392.261.61%30.22%26.18%負(fù)債和全部者權(quán)益49,733,082,746.1342,402,871,225.347,330,211,520.7917.29%100.00%100.00%通過(guò)計(jì)算得出該公司資產(chǎn)總額增加，該公司呈現(xiàn)旺盛的趨勢(shì)。該公司負(fù)債總額增加，流淌負(fù)債增加，非流淌負(fù)債削減。該公司全部者權(quán)益增加，未安排利潤(rùn)增加。公司呈現(xiàn)盈利狀態(tài)。經(jīng)分析，該公司屬于負(fù)債變動(dòng)型。資產(chǎn)的增長(zhǎng)大多數(shù)由于負(fù)債所引起的，該企業(yè)經(jīng)營(yíng)規(guī)模擴(kuò)大了，但并不代表企業(yè)經(jīng)營(yíng)精彩。對(duì)于這種改變，是不能作出良好評(píng)價(jià)的，只能說(shuō)是企業(yè)理財(cái)?shù)慕Y(jié)果。資產(chǎn)負(fù)債表的橫向結(jié)構(gòu)分析：1、其他應(yīng)收款、應(yīng)收票據(jù)較快增長(zhǎng)，但預(yù)付款項(xiàng)、其他流淌資產(chǎn)和遞延所得稅資產(chǎn)的下降，使總資產(chǎn)改變不大；2、應(yīng)付利息、應(yīng)付債券和少數(shù)股東權(quán)益大幅增加，短期借款、一年內(nèi)到期的非流淌負(fù)債稍有增加，未安排利潤(rùn)有所增加資產(chǎn)負(fù)債表的縱向結(jié)構(gòu)分析：1、固定資產(chǎn)占總資產(chǎn)比重較大，其次是存貨、應(yīng)收票據(jù)和在建工程，應(yīng)收票據(jù)和固定資產(chǎn)變動(dòng)比較大；2、歸屬于母公司全部者所占比重較大，其次是應(yīng)付賬款、長(zhǎng)期借款和實(shí)收資本，而長(zhǎng)期借款所占比重明顯下降。二、利潤(rùn)表分析項(xiàng)目本期金額上期金額上期結(jié)構(gòu)百分比本期結(jié)構(gòu)百分比增減金額增減百分比營(yíng)業(yè)總收入42,814,922,834.1440,090,326,471.67100%100%2,724,596,362.476.80%其中：營(yíng)業(yè)收入42,814,922,834.1440,090,326,471.672,724,596,362.476.80%營(yíng)業(yè)總成本42,158,308,572.0539,718,774,690.972,439,533,881.086.14%其中：營(yíng)業(yè)成本39,866,243,776.7838,001,409,280.5494.79%93.11%1,864,834,496.244.91%營(yíng)業(yè)稅金及附加183,635,925.24163,578,854.060.41%0.43%20,057,071.1812.26%銷售費(fèi)用470,373,186.45440,625,717.361.10%1.10%29,747,469.096.75%管理費(fèi)用635,118,789.50506,903,219.251.26%1.48%128,215,570.2525.29%財(cái)務(wù)費(fèi)用933,345,374.70708,052,898.201.77%2.18%225,292,476.5031.82%資產(chǎn)減值損失69,591,519.38-101,795,478.44-0.25%0.16%171,386,997.82-168.36%加：公允價(jià)值變動(dòng)損益-5,311,147.96-17,466,559.67-0.04%-0.01%12,155,411.71-69.59%投資收益22,183,817.9027,214,276.340.07%0.05%-5,030,458.44-18.48%其中：對(duì)聯(lián)營(yíng)企業(yè)和合營(yíng)企業(yè)的投資收益4,641,070.332,430,209.740.01%0.01%2,210,860.5990.97%匯總收益45.0045.00營(yíng)業(yè)利潤(rùn)673,486,932.03381,299,497.370.95%1.57%292,187,434.6676.63%加：營(yíng)業(yè)外收入38,628,909.6616,472,963.270.04%0.09%22,155,946.39134.50%減：營(yíng)業(yè)外支出65,628,497.3732,894,028.280.08%0.15%32,734,469.0999.51%其中：非流淌資產(chǎn)處置損失63,330,496.1729,967,544.220.07%0.15%33,362,951.95111.33%利潤(rùn)總額646,487,344.32364,878,432.360.91%1.51%281,608,911.9677.18%減：所得稅費(fèi)用149,935,802.6163,613,063.980.16%0.35%86,322,738.63135.70%凈利潤(rùn)496,551,541.71301,265,368.380.75%1.16%195,286,173.3364.82%圖SEQ圖\*ARABIC1利潤(rùn)表的橫向結(jié)構(gòu)分析：資產(chǎn)減值損失、公允價(jià)值變動(dòng)損益大幅下降，投資收益略微有些削減。非流淌資產(chǎn)處置損失比例較大幅度增加，隨之導(dǎo)致?tīng)I(yíng)業(yè)外收入增加較多。所得稅費(fèi)用也增加較多。利潤(rùn)表的縱向結(jié)構(gòu)分析：1.通過(guò)收支結(jié)構(gòu)分析：企業(yè)盈利的主要緣由是營(yíng)業(yè)成本。2.通過(guò)盈利結(jié)構(gòu)分析：總收入中營(yíng)業(yè)成本的比例占據(jù)大部分，表明絕大多數(shù)收入來(lái)自于貨物的銷售。2011年度金額占利潤(rùn)總額%經(jīng)營(yíng)利潤(rùn)673486932.03104.18%投資收益22183817.93.43%公允價(jià)值變動(dòng)收益-5311147.96-0.82%營(yíng)業(yè)外收支凈額-26999587.71-4.18%利潤(rùn)總額646487344.3100%圖SEQ圖\*ARABIC2經(jīng)計(jì)算，利潤(rùn)隨著經(jīng)營(yíng)利潤(rùn)和投資收益的增加而增加，經(jīng)營(yíng)利潤(rùn)占最大比例。公允價(jià)值變動(dòng)損益和營(yíng)業(yè)外收支凈額略微削減，但由于經(jīng)營(yíng)利潤(rùn)占大多數(shù)，所以不影響利潤(rùn)總額的增加。利潤(rùn)結(jié)構(gòu)----是指構(gòu)成利潤(rùn)的各組成要素相互之間的比例關(guān)系或在利潤(rùn)總額中所占的比重。企業(yè)的利潤(rùn)來(lái)源主要有：（1）主營(yíng)業(yè)務(wù)利潤(rùn)----持續(xù)穩(wěn)定（2）其他業(yè)務(wù)利潤(rùn)----較穩(wěn)定（3）投資收益----不太穩(wěn)定（4）資產(chǎn)減值損失----不穩(wěn)定（5）公允價(jià)值變動(dòng)收益----不穩(wěn)定（6）營(yíng)業(yè)外收支凈額----不穩(wěn)定三、現(xiàn)金流量表項(xiàng)目本年金額上年金額增減變動(dòng)額增減變動(dòng)率一、經(jīng)營(yíng)活動(dòng)產(chǎn)生的現(xiàn)金流量銷售商品、供應(yīng)勞務(wù)收到的現(xiàn)金12,192,376,430.954,292,697,202.097,899,679,228.86184.03%收到的稅費(fèi)返還5,059,133.244,332,037.90727,095.3416.78%收到其他和經(jīng)營(yíng)活動(dòng)有關(guān)的現(xiàn)金188,601,655.93195,661,027.89-7,059,371.96-3.61%現(xiàn)金流入小計(jì)12,386,037,220.124,492,690,267.887,893,346,952.24175.69%購(gòu)買商品、接受勞務(wù)支付的現(xiàn)金6,548,662,926.202,026,512,566.564,522,150,359.64223.15%支付給職工以及為職工支付的現(xiàn)金638,967,621.62471,735,677.74167,231,943.8835.45%支付的各項(xiàng)稅費(fèi)2,897,208,995.04827,972,304.542,069,236,690.50249.92%支付其他和經(jīng)營(yíng)活動(dòng)有關(guān)的現(xiàn)金353,389,960.07223,032,156.10130,357,803.9758.45%現(xiàn)金流出小計(jì)10,438,229,502.933,549,252,704.946,888,976,797.99194.10%經(jīng)營(yíng)活動(dòng)產(chǎn)生的現(xiàn)金流量?jī)纛~1,947,807,717.19943,437,562.941,004,370,154.25106.46%二、投資活動(dòng)產(chǎn)生的現(xiàn)金流量收回投資收到的現(xiàn)金2,000,000.0012,722,471.27-10,722,471.27-84.28%取得投資收益收到的現(xiàn)金2,206,491.516,314,288.38-4,107,796.87-65.06%處置固定資產(chǎn)、無(wú)形資產(chǎn)和其他長(zhǎng)期資產(chǎn)收回的現(xiàn)金凈額1,334,933.0025,500.001,309,433.005135.03%現(xiàn)金流入小計(jì)5,541,424.5119,062,259.65-13,520,835.14-70.93%購(gòu)建固定資產(chǎn)、無(wú)形資產(chǎn)和其他長(zhǎng)期資產(chǎn)支付的現(xiàn)金271,401,210.99207,082,162.7764,319,048.2231.06%投資支付的現(xiàn)金24,153,714.50383,941,765.09-359,788,050.59-93.71%取得子公司及其他營(yíng)業(yè)單位支付的現(xiàn)金凈額14,073,683.2014,073,683.20支付其他和投資活動(dòng)有關(guān)的現(xiàn)金127,748.57127,748.57現(xiàn)金流出小計(jì)295,554,925.49605,225,359.63-309,670,434.14-51.17%投資活動(dòng)產(chǎn)生的現(xiàn)金流量?jī)纛~-290,013,500.98-586,163,099.98296,149,599.00-50.52%三、籌資活動(dòng)產(chǎn)生的現(xiàn)金流量汲取投資收到的現(xiàn)金21,600,000.0021,600,000.00其中：子公司汲取少數(shù)股東投資收到的現(xiàn)金21,600,000.0021,600,000.00取得借款收到的現(xiàn)金2,046,572,901.901,741,747,222.26304,825,679.6417.50%發(fā)行債券收到的現(xiàn)金398,400,000.00398,400,000.00收到其他和籌資活動(dòng)有關(guān)的現(xiàn)金24,961,778.15144,199,035.00-119,237,256.85-82.69%現(xiàn)金流入小計(jì)2,093,134,680.052,284,346,257.26-191,211,577.21-8.37%償還債務(wù)支付的現(xiàn)金1,981,732,750.002,009,512,000.00-27,779,250.00-1.38%安排股利、利潤(rùn)或償付利息支付的現(xiàn)金445,254,409.41180,668,056.29264,586,353.12146.45%其中：子公司支付給少數(shù)股東的股利、利潤(rùn)275,840,333.5977,277,607.00198,562,726.59256.95%支付其他和籌資活動(dòng)有關(guān)的現(xiàn)金492,216,650.08120,507,178.71371,709,471.37308.45%現(xiàn)金流出小計(jì)2,919,203,809.492,310,687,235.00608,516,574.4926.33%籌資活動(dòng)產(chǎn)生的現(xiàn)金流量?jī)纛~-826,069,129.44-26,340,977.74-799,728,151.703036.06%四、匯率變動(dòng)對(duì)現(xiàn)金及現(xiàn)金等價(jià)物的影響-21,752.451,920.96-23,673.41-1232.37%五、現(xiàn)金及現(xiàn)金等價(jià)物凈增加額831,703,334.32330,935,406.18500,767,928.14151.32%加：期初現(xiàn)金及現(xiàn)金等價(jià)物余額1,564,110,086.691,233,174,680.51330,935,406.1826.84%六、期末現(xiàn)金及現(xiàn)金等價(jià)物余額2,395,813,421.011,564,110,086.69831,703,334.3253.17%圖SEQ圖\*ARABIC32011年經(jīng)營(yíng)活動(dòng)現(xiàn)金凈流量為1,947,807,717.19,從流入、流出分析緣由如下1、現(xiàn)金流入分析:現(xiàn)金流入相比比上年增加7,893,346,952.24元，主要緣由為：銷售現(xiàn)金流入增加7,899,679,228.86元。銷售現(xiàn)金流入增加和公司主營(yíng)業(yè)務(wù)銷售量進(jìn)一步增加有關(guān)。2、現(xiàn)金流出分析：現(xiàn)金流出相比其次季度增加6,888,976,797.99元，但留意到以下流出項(xiàng)目有大幅增加：1）購(gòu)買商品、接受勞務(wù)支付的現(xiàn)金增加4,522,150,359.64元，這和可變成本增加、應(yīng)收賬款削減有關(guān)。2）支付給職工以及為職工支付的現(xiàn)金增加167,231,943.88元，這和公司