目錄 1 1 1 2 4 12 13 15 17 18Z值模型指標(biāo)2014201520162017201820192020X147.8513.6816.4623.7028.9621.7125.76X210.133.369.4015.85-38.70-33.91-51.00X30.972.586.987.75-55.972.31-11.28X43,915.892,578.551,248.951,153.65243.85181.58202.66X553.6735.05101.0298.09260.44227.24311.35Z值21.7816.129.068.662.023.283.44Z值結(jié)果描述良好良好良好良好不穩(wěn)定良好良好指標(biāo)201520162017201820192020流動(dòng)比率佳云科技1.691.762.451.561.431.38行業(yè)均值2.112.382.082.082.451.80速動(dòng)比率佳云科技1.521.501.911.151.151.24行業(yè)均值1.551.761.621.622.041.49指標(biāo)201520162017201820192020資產(chǎn)負(fù)債率佳云科技0.240.240.160.520.570.68行業(yè)均值0.400.370.400.540.460.57佳云科技扣除商譽(yù)后0.570.500.360.600.650.69指標(biāo)201520162017201820192020總資產(chǎn)收益率佳云科技1.617.277.70-49.082.61-13.51行業(yè)均值11.238.371.24-9.158.53-9.36凈資產(chǎn)收益率佳云科技5.008.911.10-75.100.82-42.89行業(yè)均值63.7010.5715.70-15.00-10.00-13.14營業(yè)凈利率佳云科技6.146.457.13-22.190.31-5.16行業(yè)均值8.012.79-1.65-33.3659.54-50.75營業(yè)利潤率佳云科技8.707.408.41-21.181.21-1.29行業(yè)均值15.887.982.68-28.3061.95-41.22指標(biāo)201520162017201820192020應(yīng)收賬款周轉(zhuǎn)率佳云科技1.345.811.377.035.316.01行業(yè)均值27.248.327.836.936.245.46總資產(chǎn)周轉(zhuǎn)率佳云科技0.621.050.972.282.413.00行業(yè)均值0.980.930.951.031.091.06指標(biāo)201520162017201820192020總資產(chǎn)增長率佳云科技7.160.09-0.01-0.220.13-0.09行業(yè)均值0.640.620.270.040.150.13營業(yè)利潤增長率佳云科技1958.82216.189.24-732.21101.02-2898.29行業(yè)均值-59.53122.32-17.89-86.36-221.98-359.77凈資產(chǎn)增長率佳云科技6.610.090.08-0.550.01-0.33行業(yè)均值0.011.630.180.070.020.28基本每股收益增長率佳云科技1200.00129.293.45-757.40100.68-4431.34行業(yè)均值149.17123.08-103.89-193.49-73.26-542.72公司金源互動(dòng)云時(shí)空微贏互動(dòng)并購股份100%100%100%并購公司性質(zhì)非上市公司非上市公司非上市公司評(píng)估方法收益法收益法收益法評(píng)估價(jià)值429,348,000.00376,027,800.001,009,758,800.00賬面價(jià)值15,935,300.0024,500,800.0097,576,600.00評(píng)估增值率（%）2,591.321,431.76931.84合并對(duì)價(jià)409,200,000.00375,015,269.081,008,000,000.00可辨認(rèn)凈資產(chǎn)公允價(jià)值38,545,888.2363,490,621.94207,574,371.04商譽(yù)賬面價(jià)值370,654,111.77311,524,647.14800,425,625.96商譽(yù)減值金額370,654,111.77311,524,647.14800,425,625.96商譽(yù)凈額0.000.000.00年度2014年2015年2016年2017年金源互動(dòng)3100400048005500云時(shí)空-300039005070微贏互動(dòng)-7150933012000年度承諾的扣除非經(jīng)常性損益后的凈利潤扣除非經(jīng)常性損益后和未計(jì)提業(yè)績獎(jiǎng)勵(lì)前的凈利潤實(shí)現(xiàn)的扣除非經(jīng)常性損益后的凈利潤承諾業(yè)績未實(shí)現(xiàn)缺口未實(shí)現(xiàn)比例（%）20143,100.003,441.043,129.790.000.0020154,000.005,828.385,440.150.000.0020164,800.004,968.905,146.040.000.0020175,500.003,580.494,730.64769.3613.99年度承諾的扣除非經(jīng)常性損益后的凈利潤扣除非經(jīng)常性損益后和未計(jì)提業(yè)績獎(jiǎng)勵(lì)前的凈利潤實(shí)現(xiàn)的扣除非經(jīng)常性損益后的凈利潤承諾業(yè)績未實(shí)現(xiàn)缺口未實(shí)現(xiàn)比例（%）20153,000.003,171.093,126.420.000.0020163,900.004,100.094,062.330.000.0020175,070.005,002.795,026.74769.360.85年度承諾的扣除非經(jīng)常性損益后的凈利潤扣除非經(jīng)常性損益后和未計(jì)提業(yè)績獎(jiǎng)勵(lì)前的凈利潤實(shí)現(xiàn)的扣除非經(jīng)常性損益后的凈利潤承諾業(yè)績未實(shí)現(xiàn)缺口未實(shí)