【財(cái)務(wù)分析】海螺水泥的財(cái)務(wù)分析報(bào)告

1、安徽海螺水泥有限公司2011年前三季度財(cái)芻分析報(bào)告財(cái)務(wù)分析又稱財(cái)務(wù)表報(bào)分析簡單的來講財(cái)務(wù)分析就是以財(cái) 務(wù)報(bào)表和其他資料為依據(jù),系統(tǒng)的來分析公司的財(cái)務(wù)狀況、經(jīng)營 成果和現(xiàn)金流量的過程。它是通評(píng)價(jià)過去的經(jīng)營業(yè)績和衡量現(xiàn)在 財(cái)務(wù)狀況從而推測出未來成長方向的一個(gè)行之有效的辦法。這篇 對(duì)海螺水泥的財(cái)務(wù)分析報(bào)告是從投資者的角度通過對(duì)公司的營 運(yùn)能力、償債能力、盈利能力、現(xiàn)金流量情況等方面作出分析, 得出投資者所需的一些信息。一、海螺公司的基本情況:安徽海螺水泥股份有限公司成立于1997年9月1日，是中 國最大的水泥生產(chǎn)商和供應(yīng)商,現(xiàn)有水泥和商品熟料的總產(chǎn)能已 達(dá)1660萬噸,擁有27家子公司和1家參股公司

2、,其中六大熟 料生產(chǎn)基地分別位于安徽省寧國、蕪湖、銅陵、池州、楓陽等地, 于199年10月21日在香港聯(lián)合交易所掛牌上市（股票代碼0914 ）公司總股本為98,348萬股其中國有股為62,248萬股,H股流通股為36,100萬股。公司憑借自身資源、能源、區(qū)位優(yōu)勢并結(jié)合技術(shù)、人才、管理優(yōu)勢，在中國建材行業(yè)有很高的知名 度和可觀的市場份額,生產(chǎn)能力在亞洲居第三位,世界居第十二 位。二、主要財(cái)務(wù)報(bào)表1、資產(chǎn)負(fù)債表I會(huì)計(jì)年JS2011-09-302011-06-302011-03-15貨幣資金6,803,674,986.008,063,111766,003,070,029,060.00交易性金融資產(chǎn)4

3、9,654,845-00113,598,548.004,152,155.00應(yīng)收票據(jù)9,103,077,122-007,297,447,075.005,512,789,984.00應(yīng)收賬款425386,066.00475,736,886.00441,010,116.00預(yù)付款項(xiàng)624,236,416.00609,396,596.00515,152,80&00輿他應(yīng)收款4,898,452344-004,373,548,289,00440,176,970-00應(yīng)收關(guān)朕公司款應(yīng)收利息32,401.199-007770719,00-應(yīng)收股利-存貨4,065,865,839.003,819,45

4、6,890.003,768,703,227.00輿中：淸耗性生物資產(chǎn)一年內(nèi)到期的非流動(dòng)資產(chǎn)奠他流動(dòng)資產(chǎn)591,370,634.00684,072,017.00605,671,669-00流動(dòng)資產(chǎn)合計(jì)26.594.119,451.0025,444,13&786.0014,357,685,989-00可供出e金融資產(chǎn)Z966,841,768-004,286,174,702.004,742,925350.00持育至到期投資長期應(yīng)收款-長期股權(quán)投資292.513,977.00283,582,029.001,042,010,130.00投資性房地產(chǎn)園定資產(chǎn)3&86Z589,214.003

5、6,690,92&462.0034,150,267,437-00在建工程4.65&473,183-004,523,395,996.003,361,520,443.00工程物資2,315,781,697.002,791,865,671.002,938,067,081.00園定資產(chǎn)清理生產(chǎn)性生物資產(chǎn)油氣資產(chǎn)無形資產(chǎn)3,388,802,318.003,220,656,51 &002,788,069,433.00幵炭支出-商S76.157,940-0039,344,971.0016,119,621-00長期待罐費(fèi)用遞延所得稅資產(chǎn)124209,652.00114,102,384.

6、00111,446,159-00其他非流動(dòng)資產(chǎn)209,599,309-0096,533,966.00110,216,199-00耳電流動(dòng)資產(chǎn)合計(jì)5Z894,969,05&0052,046,584,699.0049,260,641,853-00資產(chǎn)總計(jì)79,489,08&509.0077,490,723,485.0063,61 &32乙84200短期借款982,900,000-001,665,000,000.002,447,449,873.00交易性金融負(fù)債應(yīng)付票據(jù)40.000,000-0010,000,000,00應(yīng)付賬款4,535,254,735-004,380,38

7、0,058.003,787,268,17&00預(yù)收款項(xiàng)1,205,591,579-00844,920,854.0072&715,723-00應(yīng)付職工薪酬53372726.0041,008,050,0029,055790-00應(yīng)交稅費(fèi)1,711,384,960-001,402,466,909.001,124,407,782.00應(yīng)付利息343,882,985.00211,498,033.0087,278,434-00應(yīng)付股利-域他應(yīng)付款4,061,126,487.003,859,066,941,003,310,674,719.00應(yīng)付關(guān)朕公司款一年內(nèi)到期的非流動(dòng)負(fù)債2,039,4

8、10,532-00Z239,543,863.001,672,403,865.00輿他流動(dòng)負(fù)債流動(dòng)負(fù)債合計(jì)14,972,924,004.0014,653,884,708.0013,187,254,364-00長期借款10,500,886,365-0010,576,113,637,0010,823,909,09ZOO應(yīng)付債券9,464,072,84&009,462,505,988.00長期應(yīng)付款171,357,997.00175,294,951.00174,235,265.00妄項(xiàng)應(yīng)付款-預(yù)計(jì)負(fù)債遞延所得稅負(fù)債373,041,083.00708,327,525.00770,654,571-

9、00域朋E流動(dòng)負(fù)債30,64&662.0031,067,909,0031,614,532-00非流動(dòng)負(fù)債合計(jì)20,540,006,955-0020,953310,010.0011,800,413,460.00負(fù)債合計(jì)35,512,930,959-0035,607,194718,0024,987,667,824.00實(shí)收資本（或股本）5,299,302,579-005,299,302,579.003,532,86&386.00資本公積11,536341.178.0012,623,182,293.0014,730,299,472-00盈余公枳1,141,881,369.001,14

10、1,881,369.001,141,881,369.00減；庫存股-未分配利潤24334,76&：L540021,273,608,928,001&555,499,200-00少數(shù)股東權(quán)益1,663,864,270-001,545,553,59&00670,111,591.00外甫報(bào)表折算價(jià)甦非正常經(jīng)營項(xiàng)目收益調(diào)整歸屬母公司所有言權(quán)益（或股東權(quán) 益）42312,293,280.0040,337,975,169.0037,960,548,427-00所有者權(quán)益（或股東權(quán)益）合計(jì)43,976157,550.0041,883,52&767.003&630,660

11、,018.00負(fù)債和所有吉（或股東權(quán)益）合計(jì)79,489,08&509.0077,490,723,485.0063,61 &327.842.002利潤表會(huì)計(jì)年康2011-09-302011-06-302011-03-15-營業(yè)收入34,974,813,908.0022,327,264,574.009,314,519,670-00減：營業(yè)成本20,438,110,944-0012,844,766,161.005,610,280,022-00營業(yè)稅金及附加193708,694-00122,869,661.0044,289,815-00請(qǐng)售費(fèi)用1,24&82&365.

12、00800,614,875.0035&779,760.00管理費(fèi)用1,125,685,360-00702,229,165.00344,616,528.00勘探費(fèi)用-財(cái)務(wù)費(fèi)用434,597,538-00282,139,983.00131,21 &608.00資產(chǎn)減值攝失-27,976.00-27,976-00-20,000.00加：公允價(jià)值變動(dòng)凈收益-7,078,869-006,850,353.002,399,155-00投資收益124,259,521.0087,728,979.005,137,055-00輿中：對(duì)朕曹企業(yè)和合營企業(yè)的投 資收益22,59&047.0020

13、,434,014.005,137,055-00影營業(yè)利潤的具他科目-二.營業(yè)利潤11,651,091,635-007,669,252,037.002,832,891,147-00加:補(bǔ)貼收入-營業(yè)外收入526,789,360-00382,292,235.0017&866,452.00減：營業(yè)外支出1,862,55&001,712,815,00512,599.00輿中：非流動(dòng)資產(chǎn)處置凈5失932737-00916,291.00327,627.00加:影利潤總饌的輿他科目-三.利潤總離12,176,018,437.00&049,831,457.003,011,245,000

14、-00減：所得稅2,930,189,278-001,951,475,440.00753,594704.00加：影響凈利潤的輿他科目-四.凈利潤9,245,829,159-006,09&356,017,002,257,650,296-00歸屬于母公司所有番的凈利潤9,055,209,131-005,994,049,905.002,216,079,661-00少數(shù)股東廈益190,620,028.00104,306,112.0041,570,635.00五.每股收益(-)基本每股收益1711130-63(二)稀澤每股收益1711130-633、 現(xiàn)金流量表報(bào)吿年廈2011-09-302011

15、-06-302011-03-15-活動(dòng)產(chǎn)生的現(xiàn)金流量銷S商品、堤供勞務(wù)收到的現(xiàn)金41,548,800,617-0027,139,391,860.0011,587,026,776-00收到的稅費(fèi)返還97,945,504-0061,803,609,0032,978,459-00收到輿他與經(jīng)活動(dòng)構(gòu)關(guān)的現(xiàn)金410,177,843-00325,521,161,00145,695,713-00經(jīng)S活動(dòng)現(xiàn)金汛入小計(jì)42,056,923,964.0027,526,716,630.0011,765700,948.00購買商品、接S勞務(wù)支付的現(xiàn)金26,292,646,510-0017,347,162,499.00

16、7,927,917,938.00支付給職工以及為職工支付的現(xiàn)金1,71&131,676-001.169.162,834-00667,682,423-00支付的項(xiàng)稅費(fèi)5,587,066,421-003,416,285,241.001,320,34&707.00支付集他與經(jīng)曹活動(dòng)育關(guān)的現(xiàn)金654,149,19&00419,074,215.00101,209,993-00經(jīng)童活動(dòng)現(xiàn)金流出小計(jì)34,251,993,805-0022,351,684,789.0010,017,159,061-00經(jīng)螢活動(dòng)產(chǎn)生的現(xiàn)金流量凈額7,804,930,159-005,175,031,841-

17、001,748,541,887.00二.投資活動(dòng)產(chǎn)生的現(xiàn)金:寫宣收回投資收到的現(xiàn)金1,061,822,622-00800,000,000,00-取得投資收益收到的現(xiàn)金處aa定資產(chǎn)、無形資產(chǎn)和典他長 期資產(chǎn)收回的現(xiàn)金凈饌2,504,337-001,639,906-001,450,81ZOO處置子公司及輿他營業(yè)單位收到的 現(xiàn)金凈離363(356423.00363,356,423.00收到毀他與投資活動(dòng)有關(guān)的現(xiàn)金139,803,468-0062,307,579.0022,434,466-00投資活動(dòng)現(xiàn)金流入小計(jì)1,567,486,850-001,227,303,90&0023,885,278

18、-00購建固定資產(chǎn)、無形資產(chǎn)和輿他長 期資產(chǎn)支付的現(xiàn)金6,279,800,966-004,017,281355-002,042,575,069.00投資支付的現(xiàn)金5,313,497,046-004,909,899795-00取得子公司及典他童業(yè)單位支付的157,487,734.0019,134,000.00現(xiàn)金凈饌支付輿他與投資活動(dòng)構(gòu)關(guān)的現(xiàn)金110,000,000.00投資活動(dòng)現(xiàn)金汛出小計(jì)11,860,785746-00&946,315,150-002,042,575,069.00投資活動(dòng)產(chǎn)生的現(xiàn)金流量凈談-10,293,29&896.00-7,719,011,242.00-2

19、,018,689791.00三.籌資活動(dòng)產(chǎn)生的現(xiàn)金流S吸收投資收到的現(xiàn)金-取得借款收到的現(xiàn)金3,145,000,000.003,145,000,000-001,187,449,873.00收到輿他與籌資活動(dòng)育關(guān)的現(xiàn)金16,932,344-006,631,925-00籌資活動(dòng)現(xiàn)金流入小計(jì)12,625,067,046-0012,608,134,702,001,194,081,79&00償還債務(wù)支付的現(xiàn)金4,821,522,727-003,574,022,728.00465,500,000-00分配股利.利潤或償付利息支付的 現(xiàn)金1,480,442,571.001,320,20&72

20、5.00115,290,000-00支付輿他與籌資活動(dòng)構(gòu)關(guān)的現(xiàn)金15,619,197-0016761,633,009,474,026-00籌資活動(dòng)現(xiàn)金流出小計(jì)6,317,584,495-004,910,993,086-00590,264,026-00籌資活動(dòng)產(chǎn)生的現(xiàn)金流量凈顫6,307,482,551-007,697,141,616.00603,817772-00四.匯率變動(dòng)對(duì)現(xiàn)金的影四(2)、輿他原因?qū)ΜF(xiàn)金的影響五現(xiàn)金及現(xiàn)金等價(jià)物凈熠加饌期初現(xiàn)金及現(xiàn)金等價(jià)物余離2,689,148,569-002,689,14&569.002,689,148,569.00期末現(xiàn)金及現(xiàn)金等價(jià)物余離6,508,262,383-007,842310,784-003,022,818,437.00附注：1.將凈利潤調(diào)節(jié)為經(jīng)S活動(dòng)現(xiàn)金流量凈利潤6,09&356,017-00加:資產(chǎn)減值準(zhǔn)備-27,976.00s定資產(chǎn)折舊.油氣資產(chǎn)折