上海復(fù)星醫(yī)藥(集團(tuán))股份有限公司2018年度財(cái)務(wù)報(bào)表分析報(bào)告

1、上海復(fù)星醫(yī)藥（集團(tuán)）股份有限公司2018年度財(cái)務(wù)報(bào)表分析報(bào)告本報(bào)告以復(fù)星醫(yī)藥2016-2018年度財(cái)務(wù)報(bào)表數(shù)據(jù)為分析基礎(chǔ)包括資產(chǎn)負(fù)債表、利潤表、現(xiàn)金流量表和所有者權(quán)益變動(dòng)表水平、垂直分析財(cái)務(wù)指標(biāo)盈利能力、償債能力、營運(yùn)能力、發(fā)展成長能力、杜邦等分析This report is based on the data of financial statements of Listed Companies in 2016-2018.Including horizontal and vertical analysis of SOFP, profit statement, cash flow statem

2、ent and owner's equity statementFinancial Indicators Profit, Debt Payment, Operations, Development, DuPont, etc.1 財(cái)務(wù)報(bào)表數(shù)據(jù)1.1 資產(chǎn)負(fù)債表11.2 利潤表41.3 現(xiàn)金流量表51.4 所有者權(quán)益變動(dòng)表72 會(huì)計(jì)報(bào)表分析2.1 資產(chǎn)負(fù)債表分析 82.1.1 水平趨勢(shì)分析 82.1.2 垂直結(jié)構(gòu)分析142.2 利潤表分析182.2.1 水平趨勢(shì)分析 182.2.2 垂直結(jié)構(gòu)分析212.3 現(xiàn)金流量表分析242.3.1 水平趨勢(shì)分析 242.3.2 垂直結(jié)構(gòu)分析 262.4

3、 所有者權(quán)益變動(dòng)表分析 272.4.1 水平趨勢(shì)分析272.4.2 垂直結(jié)構(gòu)分析283 財(cái)務(wù)指標(biāo)分析3.1 償債能力分析293.1.1 短期償債能力分析293.1.2 長期償債能力分析 313.2 營運(yùn)能力分析343.2.1 流動(dòng)資產(chǎn)周轉(zhuǎn)分析343.2.2 固定資產(chǎn)周轉(zhuǎn)分析363.2.3 總資產(chǎn)周轉(zhuǎn)分析373.3 盈利能力分析373.3.1 資產(chǎn)經(jīng)營盈利能力分析.373.3.2 資本經(jīng)營盈利能力分析.383.3.3 商品經(jīng)營盈利能力分析.403.3.4 盈利質(zhì)量分析 463.4 發(fā)展能力分析473.4.1 資產(chǎn)資本成長分析473.4.2 營業(yè)收益成長分析483.4.3 每股凈資產(chǎn)分析 494

4、杜邦分析4.1 杜邦分析表504.2 杜邦分析圖505 數(shù)據(jù)來源及計(jì)算說明5.1 數(shù)據(jù)來源525.2 計(jì)算說明52上海復(fù)星醫(yī)藥（集團(tuán)）股份有FM公司2018年度財(cái)務(wù)報(bào)表分析報(bào)告1財(cái)務(wù)報(bào)表數(shù)據(jù)1.1 資產(chǎn)負(fù)債表表格1 2016-2018年度 資產(chǎn)負(fù)債表Table 1 Balance Sheets for 2016-2018項(xiàng)目（萬元）2016 年2017 年2018 年貨幣資金599,602.97724,886.72854,652.18交易性金融資產(chǎn)4,848.8821,932.6861,612.38應(yīng)收票據(jù)42,485.6857,801.1871,251.06應(yīng)收賬款196,500.55324

5、,753.77362,364.07預(yù)付款項(xiàng)27,122.7027,340.0147,214.46應(yīng)收利息273.25680.990.00應(yīng)收股利8,220.823,636.910.00其他應(yīng)收款23,087.3638,034.8244,743.46存貨167,073.84275,051.68328,739.22其他流動(dòng)資產(chǎn)7,214.6431,530.0229,595.90流動(dòng)資產(chǎn)合計(jì)1,076,430.691,505,648.781,800,172.72可供出售金融資產(chǎn)267,443.59267,324.910.00長期股權(quán)投資1,617,556.991,845,057.512,142,75

6、2.78固定資產(chǎn)514,000.46655,600.45708,325.15在建工程115,989.53175,794.48203,980.03工程物資483.18192.100.00308,035.93724,813.46715,134.31開發(fā)支出57,020.42102,641.05204,077.35商管347,311.04846,428.40885,391.34長期待攤費(fèi)用2,074.713,697.799,519.86遞延所得稅資產(chǎn)12,955.0614,452.3517,313.48其他非流動(dòng)資產(chǎn)57,477.1355,449.60368,469.11非流動(dòng)資產(chǎn)合計(jì)3,300,3

7、48.034,691,452.105,254,963.42資產(chǎn)總計(jì)4,376,778.736,197,100.887,055,136.14短期借款382,620.97971,486.63560,719.30應(yīng)付票據(jù)12,458.8112,985.8114,900.31應(yīng)付賬款102,479.11165,202.54218,428.03預(yù)收款項(xiàng)38,574.4552,726.350.00應(yīng)付職，薪酬44,419.3555,883.0357,870.15應(yīng)交稅費(fèi)47,819.7948,007.2247,890.53應(yīng)付利息17,616.8915,394.480.00應(yīng)付股利171.1011,681

8、.310.00其他應(yīng)付款126,365.24242,613.30323,721.79一年內(nèi)到期的非流動(dòng)負(fù)債182,417.6776,332.88492,960.34其他流動(dòng)負(fù)債55,911.997,733.6975,834.21流動(dòng)負(fù)債合計(jì)1,010,855.371,660,047.251,792,324.64長期借款218,290.50557,951.37863,066.15應(yīng)付債券338,805.26423,538.19403,945.70長期應(yīng)付款70,481.7257,633.8741,688.98長期負(fù)債合計(jì)627,577.481,039,123.431,308,700.83遞延所得

9、稅負(fù)債178,642.68298,114.94290,835.90其他非流動(dòng)負(fù)債0.00185,956.38267,654.51遞延收益-非流動(dòng)負(fù)債34,670.6139,713.5036,348.92非流動(dòng)負(fù)債合計(jì)840,890.771,562,908.241,903,540.16負(fù)債合計(jì)1,851,746.133,222,955.493,695,864.80實(shí)收資本（或股本）241,451.20249,513.10256,306.09資本公積785,757.16907,826.791,054,464.84其中:庫存股2,681.89952.34171.12盈余公積212,154.53225

10、,497.42237,499.93未分配利潤899,379.071,111,156.551,277,151.88其他綜合收益82,961.4839,645.28-27,477.97歸屬于母公司所有者權(quán)益合計(jì)2,219,021.552,532,686.812,797,773.64少數(shù)股東權(quán)益306,011.04441,458.59561,497.69所有者權(quán)益合計(jì)2,525,032.592,974,145.393,359,271.34負(fù)債與所有者權(quán)益總計(jì)4,376,778.736,197,100.887,055,136.14上海復(fù)星醫(yī)藥（集團(tuán)）股份有限公司，簡(jiǎn)稱復(fù)星醫(yī)藥，所屬的行業(yè)是化學(xué)藥，公司

11、總部位于上海市。2018年，復(fù)星醫(yī)藥的資產(chǎn)總計(jì)是 7,055,136.14萬元，負(fù)債合計(jì)是 3,695,864.80 萬元，所有者權(quán)益合計(jì)是3,359,271.34萬元。66資產(chǎn)構(gòu)成負(fù)債 所有者權(quán)益從資產(chǎn)的角度看復(fù)星醫(yī)藥的資產(chǎn)負(fù)債表，2016-2018年最近三年的資產(chǎn)總計(jì)分別是4,376,778.73 萬元、6,197,100.88 萬元、7,055,136.14 萬元，其中，2018年的流動(dòng)資產(chǎn)合 計(jì)為1,800,172.72萬元，包括854,652.18萬元的貨幣資金和328,739.22萬元的存貨；非流 動(dòng)資產(chǎn)合計(jì)為5,254,963.42萬元，其中的固定資產(chǎn)占到了 708,325.15

12、萬元。資產(chǎn)總額變動(dòng)趨勢(shì)4,376,778.736,197,100.887,055,136.148,000,000.007,000,000.006,000,000.005,000,000.004,000,000.003,000,000.002,000,000.001,000,000.000.002016 年2017 年2018 年負(fù)債方面，復(fù)星醫(yī)藥最近三年的負(fù)債總額分別是 1,851,746.13萬元、3,222,955.49萬元、 3,695,864.80 萬元，其中， 2018年的流動(dòng)負(fù)債是 1,792,324.64 萬元，非流動(dòng) 負(fù)債是 1,903,540.16 萬元。所有者權(quán)益方面，20

13、16-2018年復(fù)星醫(yī)藥的所有者權(quán)益總額分別為2,525,032.59萬元、2,974,145.39 萬元、3,359,271.34 萬元，2018 年的股本為 256,306.09 萬元。1.2 利潤表表格2 2016-2018年度利潤表Table 2 Income Sheets for 2016-2018項(xiàng)目（萬元）2016 年2017 年2018 年?duì)I業(yè)總收入1,462,882.041,853,355.542,491,827.36營業(yè)收入1,462,882.041,853,355.542,491,827.36營業(yè)總成本1,336,710.631,698,895.962,367,627.5

14、7營業(yè)成本671,836.40760,895.321,036,530.87營業(yè)稅金及附加15,254.3522,292.4325,584.02銷售費(fèi)用370,405.64579,053.56848,753.27管理費(fèi)用231,185.69274,935.43371,904.96財(cái)務(wù)費(fèi)用40,094.0355,478.4772,419.22資產(chǎn)減值損失7,934.536,240.7612,435.23公允價(jià)值艾動(dòng)收益1,230.124,407.1720,436.17投資收益212,540.08230,698.92181,545.41其中:對(duì)聯(lián)營和合營企業(yè)的投資收益134,280.79135,13

15、2.30134,899.63其他業(yè)務(wù)利潤0.0017,923.7127,372.01營業(yè)利潤339,941.61407,489.37353,553.38營業(yè)外收入19,511.301,348.258,286.01營業(yè)外支出2,298.032,665.973,880.10利潤總額357,154.88406,171.65357,959.28所得稅費(fèi)用35,020.7047,645.7655,971.07凈利潤322,134.18358,525.89301,988.21歸屬于母公司所有者的凈利潤280,583.71312,449.95270,792.34少數(shù)股東損益41,550.4746,075.9

16、431,195.87基本每股收益0.000.000.00稀釋每股收益0.000.000.00其他綜合收益（損失）-7,213.93-46,596.86-66,868.46綜合收益總額314,920.25311,929.04235,119.76歸屬于母公司所有者的綜合收益271,670.71269,133.76209,938.74歸屬少數(shù)股東的綜合收益43,249.5542,795.2825,181.022016-2018 年復(fù)星醫(yī)藥的營業(yè)總收入分別為1,462,882.04 萬元、1,853,355.54 萬元、2,491,827.36 萬元，營業(yè)總成本分別為1,336,710.63 萬元、1

17、,698,895.96 萬元、2,367,627.57 萬元，凈利潤分別為 322,134.18 萬元、358,525.89 萬元、301,988.21 萬元。主要利潤表項(xiàng)目營業(yè)總收入1,462,882.041,853,355.542,491,827.36'營業(yè)總成本1,336,710.631,698,895.962,367,627.57凈利潤322,134.18358,525.89301,988.212018年，復(fù)星醫(yī)藥的營業(yè)收入和營業(yè)成本分別為 2,491,827.36萬元、1,036,530.87萬 元，銷售費(fèi)用、管理費(fèi)用和財(cái)務(wù)費(fèi)用分別為 848,753.27萬元、371,904

18、.96萬元和72,419.22 萬元，營業(yè)利潤和利潤總額分別為 353,553.38萬元、357,959.28萬元。1.3 現(xiàn)金流量表表格3 2016-2018年度 現(xiàn)金流量表Table 3 Cash Flow Sheets for 2016-2018項(xiàng)目（萬元）2016 年2017 年2018 年銷售商品、提供勞務(wù)收到的現(xiàn)金1,684,150.251,991,085.302,716,242.67收到的稅費(fèi)返還7,085.869,370.1727,945.27收到的其他與經(jīng)營活動(dòng)有美的現(xiàn)金33,620.1665,388.9055,902.82購買商品、接受勞務(wù)支付的現(xiàn)金719,444.5079

19、4,655.781,044,178.40支付給職工以及為職工支付的現(xiàn)金219,600.39287,168.16391,438.90支付的各項(xiàng)稅費(fèi)163,135.63205,330.20269,004.97支付其他與經(jīng)營活動(dòng)有美的現(xiàn)金411,671.84520,667.66800,457.97經(jīng)營活動(dòng)產(chǎn)生的現(xiàn)金流量211,003.93258,022.58295,010.52收回投資收到的現(xiàn)金107,044.35101,574.5870,327.65取得投資收益收到的現(xiàn)金42,220.0953,481.0654,008.38處置長期資產(chǎn)收回的現(xiàn)金6,180.7310,017.562,917.86處

20、置其他營業(yè)單位收到的現(xiàn)金0.001,055.362,029.59收到的其他與投資活動(dòng)有美的現(xiàn)金4,315.4042,110.8923,566.92購建長期資產(chǎn)支付的現(xiàn)金192,196.17217,061.68317,491.10投資支付的現(xiàn)金139,568.95252,566.74213,337.68取得其他營業(yè)單位支付的現(xiàn)金24,944.11783,315.1164,288.48支付其他與投資活動(dòng)有美的現(xiàn)金47,760.955,706.1482,224.62投資活動(dòng)產(chǎn)生的現(xiàn)金流量-244,709.61-1,050,410.22-524,491.48吸收投資收到的現(xiàn)金272,848.40301

21、,763.79485,137.43吸收權(quán)益性投資收到的現(xiàn)金272,848.40301,763.79485,137.43其中:子公司吸收投資收到的現(xiàn)金45,263.4098,035.12262,679.98取得借款收到的現(xiàn)金1,052,697.441,801,412.121,238,563.35收到其他與籌資活動(dòng)有美的現(xiàn)金7,885.9420,076.5018,425.39償還債務(wù)支付的現(xiàn)金995,612.07908,534.01999,512.11分配股利.利潤或利息支付的現(xiàn)金129,752.02160,882.56198,054.87其中:子公司支付給少數(shù)股東的現(xiàn)金10,399.9817,5

22、28.8420,501.48支付其他與籌資活動(dòng)有美的現(xiàn)金63,464.7362,973.13230,805.75籌資活動(dòng)產(chǎn)生的現(xiàn)金流量144,602.95990,862.71313,753.43匯率變動(dòng)對(duì)現(xiàn)金的影響8,047.04-17,246.79-1,803.90現(xiàn)金及現(xiàn)金等價(jià)物凈增加額118,944.31181,228.2782,468.58期初現(xiàn)金及現(xiàn)金等價(jià)物余額334,859.35453,803.66635,031.94期末現(xiàn)金及現(xiàn)金等價(jià)物余額453,803.66635,031.94717,500.512018年，復(fù)星醫(yī)藥的期末現(xiàn)金及現(xiàn)金等價(jià)物余額為717,500.51萬元，其中，經(jīng)

23、營活動(dòng)產(chǎn)生的現(xiàn)金流量是295,010.52萬元，投資活動(dòng)產(chǎn)生的現(xiàn)金流量是-524,491.48萬元，籌資活動(dòng)產(chǎn)生的現(xiàn)金流量是313,753.43萬元現(xiàn)金及現(xiàn)金等價(jià)物余額趨勢(shì)453,803.66800,000.00700,000.00600,000.00500,000.00400,000.00300,000.00200,000.00100,000.000.002016 年2017 年2018 年1.4所有者權(quán)益變動(dòng)表表格4 2016-2018年度 所有者權(quán)益變動(dòng)表Table 4 Changes in Owner's Equity Sheets For 2016-2018項(xiàng)目（萬元）201

24、6 年2017 年2018 年上期期末余額2,066,964.862,525,032.592,974,145.39會(huì)計(jì)政策變更0.000.00-2,177.29本期期初余額2,066,964.862,525,032.592,971,968.10綜合收益總額314,920.25311,929.04235,119.76所有者投入資本227,524.96203,728.68222,457.45對(duì)股東的分配-87,141.83-113,736.49-112,404.31利潤分配的其他項(xiàng)目0.00-8,993.540.00其他-46,657.420.0045,340.02期末余額2,525,032.59

25、2,974,145.393,359,271.34所有者權(quán)益期末余額變動(dòng)趨勢(shì)4,000,000.002,525,032.592,974,145.39 3,359,271.343,500,000.003,000,000.002,500,000.002,000,000.001,500,000.001,000,000.00500,000.000.002016 年2017 年2018 年2會(huì)計(jì)報(bào)表分析2.1 資產(chǎn)負(fù)債表分析2.1.1 水平趨勢(shì)分析表格5 2018年度水平分析Table 5 Horizontal Analysis In 2018項(xiàng)目（萬元）2017 年2018 年變動(dòng)額變動(dòng)比影響總資產(chǎn)貨幣

26、資金724,886.72854,652.18129,765.4617.90%2.09%交易性金融資產(chǎn)21,932.6861,612.3839,679.69180.92%0.64%應(yīng)收票據(jù)57,801.1871,251.0613,449.8823.27%0.22%應(yīng)收賬款324,753.77362,364.0737,610.3111.58%0.61%預(yù)付款項(xiàng)27,340.0147,214.4619,874.4572.69%0.32%應(yīng)收利息680.990.00-680.99-100.00%-0.01%應(yīng)收股利3,636.910.00-3,636.91-100.00%-0.06%其他應(yīng)收款38,0

27、34.8244,743.466,708.6417.64%0.11%存貨275,051.68328,739.2253,687.5419.52%0.87%其他流動(dòng)資產(chǎn)31,530.0229,595.90-1,934.13-6.13%-0.03%流動(dòng)資產(chǎn)合計(jì)1,505,648.781,800,172.72294,523.9419.56%4.75%可供出售金融資產(chǎn)267,324.910.00-267,324.91-100.00%-4.31%長期股權(quán)投資1,845,057.512,142,752.78297,695.2716.13%4.80%固定資產(chǎn)655,600.45708,325.1552,724.

28、708.04%0.85%在建工程175,794.48203,980.0328,185.5616.03%0.45%工程物資192.100.00-192.10-100.00%0.00%無形資產(chǎn)724,813.46715,134.31-9,679.15-1.34%-0.16%開發(fā)支出102,641.05204,077.35101,436.3098.83%1.64%商譽(yù)846,428.40885,391.3438,962.944.60%0.63%長期待攤費(fèi)用3,697.799,519.865,822.08157.45%0.09%遞延所得稅資產(chǎn)14,452.3517,313.482,861.1319.8

29、0%0.05%其他非流動(dòng)資產(chǎn)55,449.60368,469.11313,019.50564.51%5.05%非流動(dòng)資產(chǎn)合計(jì)4,691,452.105,254,963.42563,511.3212.01%9.09%資產(chǎn)總計(jì)6,197,100.887,055,136.14858,035.2613.85%13.85%短期借款971,486.63560,719.30-410,767.34-42.28%-6.63%應(yīng)付票據(jù)12,985.8114,900.311,914.5014.74%0.03%應(yīng)付賬款165,202.54218,428.0353,225.4932.22%0.86%預(yù)收款項(xiàng)52,726

30、.350.00-52,726.35-100.00%-0.85%應(yīng)付職工薪酬55,883.0357,870.151,987.123.56%0.03%應(yīng)交稅費(fèi)48,007.2247,890.53-116.69-0.24%0.00%應(yīng)付利息15,394.480.00-15,394.48-100.00%-0.25%應(yīng)付股利11,681.310.00-11,681.31-100.00%-0.19%其他應(yīng)付款242,613.30323,721.7981,108.4933.43%1.31%一年內(nèi)到期的非流動(dòng)負(fù)債76,332.88492,960.34416,627.45545.80%6.72%其他流動(dòng)負(fù)債7,

31、733.6975,834.2168,100.51880.57%1.10%流動(dòng)負(fù)債合計(jì)1,660,047.251,792,324.64132,277.397.97%2.13%長期借款557,951.37863,066.15305,114.7954.68%4.92%應(yīng)付債券423,538.19403,945.70-19,592.49-4.63%-0.32%長期應(yīng)付款57,633.8741,688.98-15,944.89-27.67%-0.26%長期負(fù)債合計(jì)1,039,123.431,308,700.83269,577.4025.94%4.35%遞延所得稅負(fù)債298,114.94290,835.9

32、0-7,279.03-2.44%-0.12%其他非流動(dòng)負(fù)債185,956.38267,654.5181,698.1343.93%1.32%遞延收益-非流動(dòng)負(fù)債39,713.5036,348.92-3,364.58-8.47%-0.05%非流動(dòng)負(fù)債合計(jì)1,562,908.241,903,540.16340,631.9221.79%5.50%負(fù)債合計(jì)3,222,955.493,695,864.80472,909.3114.67%7.63%實(shí)收資本（或股本）249,513.10256,306.096,792.992.72%0.11%資本公積907,826.791,054,464.84146,638.

33、0416.15%2.37%其中：庫存股952.34171.12-781.22-82.03%-0.01%盈余公積225,497.42237,499.9312,002.515.32%0.19%未分配利潤1,111,156.551,277,151.88165,995.3314.94%2.68%其他綜合收益39,645.28-27,477.97-67,123.26-169.31%-1.08%歸屬于母公司所有者權(quán)益合計(jì)2,532,686.812,797,773.64265,086.8410.47%4.28%少數(shù)股東權(quán)益441,458.59561,497.69120,039.1127.19%1.94%所有

34、者權(quán)益合計(jì)2,974,145.393,359,271.34385,125.9412.95%6.21%負(fù)債與所有者權(quán)益總計(jì)6,197,100.887,055,136.14858,035.2613.85%13.85%從資產(chǎn)的角度對(duì)復(fù)星醫(yī)藥的資產(chǎn)負(fù)債表進(jìn)行水平分析，2018年的資產(chǎn)總計(jì)是 7,055,136.14萬元，相比2017年變動(dòng)了 858,035.26萬元，變動(dòng)了 13.85%,其中，流動(dòng)資 產(chǎn)合計(jì)為1,800,172.72萬元，相比2017年變動(dòng)了 294,523.94萬元，變動(dòng)了 19.56%。貨幣 資金為854,652.18萬元，相比2017年變動(dòng)了 129,765.46萬元，變動(dòng)了

35、17.90%,存貨為 328,739.22萬元，相比2017年變動(dòng)了 53,687.54萬元，變動(dòng)了 19.52%;非流動(dòng)資產(chǎn)合計(jì)為 5,254,963.42萬元，相比2017年變動(dòng)了 563,511.32萬元，變動(dòng)了 12.01%,其中的固定資 產(chǎn)為708,325.15萬元，相比2017年變動(dòng)了 52,724.70萬元，變動(dòng)了 8.04%。流動(dòng)資產(chǎn)變動(dòng)趨勢(shì)2,000,000.001,800,000.001,600,000.001,400,000.001,200,000.001,000,000.00800,000.00600,000.00400,000.00200,000.000.002016

36、 年2017 年2018 年6,000,000.005,000,000.004,000,000.003,000,000.002,000,000.001,000,000.000.002,000,000.001,800,000.001,600,000.001,400,000.001,200,000.001,000,000.00800,000.00600,000.00400,000.00200,000.000.00非流動(dòng)資產(chǎn)變動(dòng)趨勢(shì)4,691,452.103,300,348.032016 年2017 年流動(dòng)負(fù)債變動(dòng)趨勢(shì)1,660,047.255,254,963.422018 年 1,792,324.

37、64. 1,010,855.372016 年2017 年2018 年非流動(dòng)負(fù)債變動(dòng)趨勢(shì)2,000,000.001,800,000.001,600,000.001,400,000.001,200,000.001,000,000.00800,000.00600,000.00400,000.00200,000.000.002016 年2017 年2018 年貨幣資金變動(dòng)趨勢(shì)900,000.00800,000.00700,000.00600,000.00500,000.00400,000.00300,000.00200,000.00100,000.000.002016 年2017 年2018 年存貨變

38、動(dòng)趨勢(shì)350,000.00300,000.00250,000.00200,000.00150,000.00100,000.0050,000.000.002016 年2017 年2018 年固定資產(chǎn)變動(dòng)趨勢(shì)800,000.00700,000.00600,000.00500,000.00400,000.00300,000.00200,000.00100,000.000.002016 年2017 年2018 年負(fù)債方面，復(fù)星醫(yī)藥 2018年的負(fù)債總額為 3,695,864.80萬元，相比2017年變動(dòng)了 472,909.31萬元，變動(dòng)了 14.67% ,其中，流動(dòng)負(fù)債是 1,792,324.64 萬

39、元，非流動(dòng)負(fù)債是 1,903,540.16萬元，相比2017年，分別變動(dòng)了 132,277.39萬元和340,631.92萬元，變動(dòng) 比率分別是7.97%和21.79% 。應(yīng)付職工薪酬變動(dòng)趨勢(shì)70,000.0060,000.0050,000.0040,000.0030,000.0020,000.0010,000.000.00 2016 年2017 年2018 年應(yīng)交稅費(fèi)變動(dòng)趨勢(shì)48,050.0048,000.0047,950.0047,900.0047,850.0047,800.0047,750.0047,700.002016 年2017 年2018 年負(fù)債總額變動(dòng)趨勢(shì)4,000,000.00

40、3,500,000.003,000,000.002,500,000.002,000,000.001,500,000.001,000,000.00500,000.000.002016 年2017 年2018 年所有者權(quán)益變動(dòng)趨勢(shì)4,000,000.003,500,000.003,000,000.002,500,000.002,000,000.001,500,000.001,000,000.00500,000.000.002,974,145.392,525,032.592016 年2017 年股本變動(dòng)趨勢(shì)3,359,271.342018 年260,000.00255,000.00250,000.0

41、0245,000.00240,000.00235,000.00230,000.002016 年2017 年2018 年所有者權(quán)益方面，2018年復(fù)星醫(yī)藥的所有者權(quán)益總額為 3,359,271.34萬元，相比2017 年變動(dòng)了 385,125.94萬元，變動(dòng)了 12.95% ;股本為256,306.09萬元，相比2017年變動(dòng)了 6,792.99 萬元，變動(dòng)了 2.72%。2.1.2 垂直結(jié)構(gòu)分析表格6 2018年度垂直分析Table 6 Vertical Analysis In 2018項(xiàng)目（萬元）2017 年2018 年變動(dòng)額變動(dòng)比貨幣資金11.7012.110.423.56%交易性金融資產(chǎn)

42、0.350.870.52146.75%應(yīng)收票據(jù)0.931.010.088.28%應(yīng)收賬款5.245.14-0.10-1.99%預(yù)付款項(xiàng)0.440.670.2351.69%應(yīng)收利息0.010.00-0.01-100.00%應(yīng)收股利0.060.00-0.06-100.00%其他應(yīng)收款0.610.630.023.33%存貨4.444.660.224.98%其他流動(dòng)資產(chǎn)0.510.42-0.09-17.55%流動(dòng)資產(chǎn)合計(jì)24.3025.521.225.02%可供出售金融資產(chǎn)4.310.00-4.31-100.00%長期股權(quán)投資29.7730.370.602.01%固定資產(chǎn)10.5810.04-0.54

43、-5.10%在建工程2.842.890.051.92%工程物資0.000.000.00-100.00%11.7010.14-1.56-13.33%開發(fā)支出1.662.891.2474.65%商管13.6612.55-1.11-8.12%長期待攤費(fèi)用0.060.130.08126.14%遞延所得稅資產(chǎn)0.230.250.015.23%其他非流動(dòng)資產(chǎn)0.895.224.33483.69%非流動(dòng)資產(chǎn)合計(jì)75.7074.48-1.22-1.61%資產(chǎn)總計(jì)100.00100.000.000.00%短期借款15.687.95-7.73-49.30%應(yīng)付票據(jù)0.210.210.000.79%應(yīng)付賬款2.67

44、3.100.4316.14%預(yù)收款項(xiàng)0.850.00-0.85-100.00%應(yīng)付職，薪酬0.900.82-0.08-9.04%應(yīng)交稅費(fèi)0.770.68-0.10-12.38%應(yīng)付利息0.250.00-0.25-100.00%應(yīng)付股利0.190.00-0.19-100.00%其他應(yīng)付款3.914.590.6717.20%一年內(nèi)到期的非流動(dòng)負(fù)債1.236.995.76467.26%其他流動(dòng)負(fù)債0.121.070.95761.31%流動(dòng)負(fù)債合計(jì)26.7925.40-1.38-5.16%長期借款9.0012.233.2335.87%應(yīng)付債券6.835.73-1.11-16.23%長期應(yīng)付款0.930

45、.59-0.34-36.46%長期負(fù)債合計(jì)16.7718.551.7810.63%遞延所得稅負(fù)債4.814.12-0.69-14.31%其他非流動(dòng)負(fù)債3.003.790.7926.43%遞延收益-非流動(dòng)負(fù)債0.640.52-0.13-19.60%非流動(dòng)負(fù)債合計(jì)25.2226.981.766.98%負(fù)債合計(jì)52.0152.390.380.73%實(shí)收資本（或股本）4.033.63-0.39-9.77%資本公積14.6514.950.302.03%其中:庫存股0.020.00-0.01-84.22%盈余公積3.643.37-0.27-7.49%未分配利潤17.9318.100.170.96%其他綜合

46、收益0.64-0.39-1.03-160.88%歸屬于母公司所有者權(quán)益合計(jì)40.8739.66-1.21-2.97%少數(shù)股東權(quán)益7.127.960.8411.72%所有者權(quán)益合計(jì)47.9947.61-0.38-0.79%負(fù)債與所有者權(quán)益總計(jì)100.00100.000.000.00%負(fù)債占總資產(chǎn)比重2016 年2017 年2018 年100%90%80%70%60%50%40%30%20%10%0%流動(dòng)負(fù)債占總資產(chǎn)比重100%90%80%70%60%50%40%30%20%10%0%2017 年2016 年2018 年非流動(dòng)負(fù)債占總資產(chǎn)比重100%90%80%70%60%50%40%30%20%

47、10%0%2016 年2017 年2018 年所有者權(quán)益占總資產(chǎn)比重100%90%80%70%60%50%40%30%20%10%0%流動(dòng)資產(chǎn)占總資產(chǎn)比重100%90%80%70%60%50%40%30%20%10%0%2016 年2017 年2018 年非流動(dòng)資產(chǎn)占總資產(chǎn)比重100%90%80%70%60%50%40%30%20%10%0%2016 年2017 年2018 年貨幣資金占總資產(chǎn)比重100%90%80%70%60%50%40%30%20%10%0%2016 年2017 年2018 年固定資產(chǎn)占總資產(chǎn)比重100%90%80%70%60%50%40%30%20%10%0%2016 年2017 年2018 年從資產(chǎn)的來源看，2018年度，復(fù)星醫(yī)藥的負(fù)債占總資產(chǎn)的比重為14.67% ,所有者權(quán)益占總資產(chǎn)的比重為12.95% ,其中，流動(dòng)負(fù)債占據(jù)了7.97% ,非流動(dòng)負(fù)債占據(jù)了21.79% 。從資產(chǎn)的構(gòu)成看，2018年度，復(fù)星醫(yī)藥的流動(dòng)資產(chǎn)占總資產(chǎn)的比重為19.56% ,其中,貨幣資金占據(jù)了 17.90%,非流動(dòng)資產(chǎn)占總資產(chǎn)的比重為 12.01%,其中，固定