财务分析
| 发布日期：2008-2-29 13:33:00 |
≈≈南方航空600029≈≈(更新:2007.10.25)
【历年简要财务指标】
┌───────────┬─────┬─────┬─────┬─────┐
│主要指标 │2007-09-30│2007-06-30│2007-03-31│2006-12-31│
├───────────┼─────┼─────┼─────┼─────┤
│每股收益(元) │ 0.5000│ 0.0700│ -0.0400│ 0.0300│
│每股收益(扣除)(元) │ 0.4700│ 0.0500│ --│ -0.1276│
│每股净资产(元) │ 2.7900│ 2.3600│ 2.2500│ 2.3000│
│调整后每股净资产(元) │ --│ --│ --│ 2.1800│
│每股收益(摊薄)(元) │ 0.4991│ 0.0704│ -0.0430│ 0.0270│
│每股净资产(摊薄)(元) │ 2.7859│ 2.3572│ 2.2454│ 2.2868│
│每股资本公积金(元) │ 1.3484│ 1.3484│ 1.3484│ 1.3484│
│每股盈余公积金(元) │ 0.1673│ 0.1673│ 0.1696│ 0.1673│
│每股未分配利润(元) │ 0.2702│ -0.1584│ -0.2725│ -0.2288│
│每股现金净流量(元) │ 0.7137│ 0.2942│ 0.2913│ -0.1527│
│每股经营现金净流量(元)│ 1.7398│ 0.6945│ 0.3857│ 0.9584│
│净资产收益率(扣除)(%) │ 17.0200│ --│ -2.4100│ -5.5400│
│净资产收益率(%) │ 17.9100│ 2.9900│ -1.9100│ 1.1700│
│总资产(万) │8445600.00│7928000.00│7763500.00│7536700.00│
│股东权益(万) │1218600.00│1031100.00│ 982200.00│1000300.00│
│主营业务收入(万) │ --│ --│ --│4734800.00│
│主营业务利润(万) │ --│ --│ --│ -53700.00│
│营业务收入(万) │4171200.00│2521000.00│1188600.00│ --│
│营业务利润(万) │ 282500.00│ 37300.00│ -27600.00│ --│
│投资收益(万) │ --│ --│ --│ 7600.00│
│利润总额(万) │ 315800.00│ 62300.00│ -21600.00│ 30600.00│
│净利润(万) │ 218300.00│ 30800.00│ -18800.00│ 11800.00│
└───────────┴─────┴─────┴─────┴─────┘
┌───────────┬─────┬─────┬─────┬─────┐
│主要指标 │2006-09-30│2006-06-30│2006-03-31│2005-12-31│
├───────────┼─────┼─────┼─────┼─────┤
│每股收益(元) │ 0.0900│ -0.2000│ -0.1400│ -0.4100│
│每股收益(扣除)(元) │ --│ -0.2213│ -0.1500│ -0.4300│
│每股净资产(元) │ 2.3800│ 2.0800│ 2.1200│ 2.2800│
│调整后每股净资产(元) │ 2.2900│ 1.9500│ 2.0300│ 2.1900│
│每股收益(摊薄)(元) │ 0.0930│ -0.1952│ -0.1379│ -0.4101│
│每股净资产(摊薄)(元) │ 2.3790│ 2.0845│ 2.1229│ 2.2749│
│每股资本公积金(元) │ 1.3477│ 1.3477│ 1.3472│ 1.3472│
│每股盈余公积金(元) │ 0.1580│ 0.1580│ 0.1580│ 0.1580│
│每股未分配利润(元) │ -0.1267│ -0.4211│ -0.3822│ -0.2266│
│每股现金净流量(元) │ 0.2929│ 0.3438│ 0.1621│ -0.0329│
│每股经营现金净流量(元)│ 0.9323│ 0.3571│ 0.1193│ 1.3527│
│净资产收益率(扣除)(%) │ 3.0300│ -10.6200│ -7.0000│ 18.8000│
│净资产收益率(%) │ 4.4500│ -9.1600│ -6.9000│ -16.6100│
│总资产(万) │7864800.00│7546400.00│7355400.00│7230400.00│
│股东权益(万) │1040600.00│ 911800.00│ 928600.00│ 995100.00│
│主营业务收入(万) │3525100.00│2114400.00│ 943400.00│3905200.00│
│主营业务利润(万) │ 38600.00│ -94000.00│ -60100.00│ 362600.00│
│营业务收入(万) │ --│ --│ --│ --│
│营业务利润(万) │ --│ --│ --│ --│
│投资收益(万) │ 500.00│ -500.00│ -1100.00│ -20200.00│
│利润总额(万) │ 54200.00│ -79500.00│ -59100.00│-177300.00│
│净利润(万) │ 40700.00│ -85400.00│ -60300.00│-179400.00│
└───────────┴─────┴─────┴─────┴─────┘
【每股指标】
┌───────────┬─────┬─────┬─────┬─────┐
│每股指标 │2007-09-30│2006-12-31│2005-12-31│2004-12-31│
├───────────┼─────┼─────┼─────┼─────┤
│审计意见 │ --│标准无保留│标准无保留│标准无保留│
│ │ │ 意见│ 意见│ 意见│
│每股收益(元) │ 0.5000│ 0.0300│ -0.4100│ 0.0240│
│每股收益(扣除)(元) │ 0.4700│ -0.1276│ -0.4300│ 0.0210│
│每股净资产(元) │ 2.7900│ 2.3000│ 2.2800│ 2.6600│
│每股资本公积金(元) │ 1.3484│ 1.3484│ 1.3472│ 1.3262│
│每股未分配利润(元) │ 0.2702│ -0.2288│ -0.2266│ 0.1843│
│每股经营现金净流量(元)│ 1.7398│ 0.9584│ 1.3527│ 0.9853│
│每股现金净流量(元) │ 0.7137│ -0.1527│ -0.0329│ 0.2179│
└───────────┴─────┴─────┴─────┴─────┘
【利润构成与盈利能力】
┌───────────┬─────┬─────┬─────┬─────┐
│利润构成与盈利能力 │2007-09-30│2006-12-31│2005-12-31│2004-12-31│
├───────────┼─────┼─────┼─────┼─────┤
│主营业务收入(万) │ --│4734800.00│3905200.00│2419400.00│
│营业务收入(万) │4171200.00│ --│ --│ --│
│主营业务利润(万) │ --│ 532600.00│ 362600.00│ 420600.00│
│营业费用(万) │ 252900.00│ 297600.00│ 295300.00│ 205800.00│
│管理费用(万) │ 135200.00│ 224200.00│ 209200.00│ 122600.00│
│财务费用(万) │ -7200.00│ 102200.00│ 43900.00│ 72700.00│
│三项费用增长率(%) │ --│ 13.79│ 36.72│ 17.68│
│营业利润(万) │ 282500.00│ -53700.00│-168800.00│ 33000.00│
│补贴收入(万) │ --│ 14500.00│ 7700.00│ --│
│净利润(万) │ 218300.00│ 11800.00│-179400.00│ 10300.00│
│投资收益(万) │ --│ 7600.00│ -20200.00│ 6300.00│
│营业外收支净额(万) │ 33300.00│ 69800.00│ 4000.00│ -100.00│
│利润总额(万) │ 315800.00│ 30600.00│-177300.00│ 39200.00│
│所得税(万元) │ 81600.00│ 13600.00│ -400.00│ 8700.00│
│销售毛利率(%) │ 17.77│ 14.67│ 12.18│ 20.24│
│主营业务利润率(%) │ --│ 11.25│ 9.29│ 17.38│
│净资产收益率(%) │ 17.9100│ 1.1700│ -16.6100│ 0.8840│
└───────────┴─────┴─────┴─────┴─────┘
【经营发展能力】
┌───────────┬─────┬─────┬─────┬─────┐
│经营发展能力 │2007-09-30│2006-12-31│2005-12-31│2004-12-31│
├───────────┼─────┼─────┼─────┼─────┤
│存货周转率(%) │ 25.51│ 28.95│ 23.87│ 19.01│
│应收帐款周转率(%) │ 21.79│ 29.50│ 23.74│ 19.48│
│总资产周转率(%) │ 0.52│ 0.64│ 0.58│ 0.47│
│主营收入增长率(%) │ 18.33│ 21.24│ 61.41│ 39.44│
│主营利润增长率(%) │ 631.9│ -115│ -13.8│ --│
│利润总额率增长(%) │ 482.66│ -117.26│ -552.30│ -208.43│
│税后利润增长率(%) │ 358.32│ -106.58│ -1841.75│ 610.93│
│总资产增长率(%) │ 12.06│ 4.24│ 14.49│ 60.41│
│股东权益增长率(%) │ 21.62│ 20.00│ -14.6│ 0.89│
│净资产增长率(%) │ 17.11│ 0.52│ -14.61│ 0.89│
└───────────┴─────┴─────┴─────┴─────┘
【资产与负债】
┌───────────┬─────┬─────┬─────┬─────┐
│资产与负债 │2007-09-30│2006-12-31│2005-12-31│2004-12-31│
├───────────┼─────┼─────┼─────┼─────┤
│资产总额(万) │8445600.00│7536700.00│7230400.00│6315500.00│
│负债总额(万元) │6993300.00│6342600.00│6021200.00│4928200.00│
│流动负债合计(万元) │4185200.00│3881600.00│3335400.00│2661400.00│
│长期负债(万元) │ --│2441000.00│2651800.00│2238600.00│
│货币资金(万) │ 538600.00│ 226400.00│ 313000.00│ 327400.00│
│应收账款(万元) │ 231700.00│ 151200.00│ 169800.00│ 159200.00│
│其他应收款(万元) │ 119400.00│ 95600.00│ 99400.00│ 73100.00│
│股东权益(万) │1218600.00│1000300.00│ 995100.00│1165300.00│
│资产负债比率(%) │ 82.80│ 84.16│ 83.28│ 78.03│
│负债权益比率(%) │ 20.77│ 18.83│ 16.53│ 23.65│
│股东权益比率(%) │ 14.43│ 13.27│ 13.76│ 18.45│
│流动比率 │ 0.26│ 0.17│ 0.23│ 0.31│
│速动比率 │ 0.23│ 0.14│ 0.19│ 0.25│
└───────────┴─────┴─────┴─────┴─────┘
【现金流量】
┌───────────┬─────┬─────┬─────┬─────┐
│现金流量 │2007-09-30│2006-12-31│2005-12-31│2004-12-31│
├───────────┼─────┼─────┼─────┼─────┤
│销售商品收到现金(万) │4136900.00│4837800.00│3951300.00│2413400.00│
│经营现金净额(万) │ 761000.00│ 419200.00│ 591700.00│ 431000.00│
│现金净流量(万) │ 312200.00│ -66800.00│ -14400.00│ 95300.00│
│经营现金流量增长率(%) │ 86.61│ -29.15│ 37.29│ 51.65│
│销售商品收到现金与主营│ │ │ │ │
│收入比(%) │ 99.18│ 102.18│ 101.18│ 99.75│
│经营活动现金流量与净利│ │ │ │ │
│润比(%) │ 324.94│ 3552.54│ -329.82│ 4184.47│
│现金净流量与净利润比(%│ │ │ │ │
│) │ 133.30│ -566.10│ 8.03│ 925.24│
│投资活动的现金净额(万)│-341800.00│-508400.00│-838000.00│-912900.00│
│筹资活动的现金净额(万)│-107000.00│ 22400.00│ 231900.00│ 577200.00│
└───────────┴─────┴─────┴─────┴─────┘
【异动财务指标】
┌────────────────┬─────┬─────┬─────┐
│异动财务指标 │2007-09-30│2006-09-30│ 变动幅度%│
├────────────────┼─────┼─────┼─────┤
│货币资金(万元) │ 538600.00│ 427300.00│ 26.05│
│短期借款(万元) │2244900.00│2030500.00│ 10.56│
│应收账款(万元) │ 231700.00│ 188300.00│ 23.05│
│其他应收款(万元) │ 119400.00│ 160600.00│ -25.65│
│应付账款(万元) │ 770500.00│ 240700.00│ 220.11│
│固定资产原价(万元) │ --│7703800.00│ --│
│累计折旧(万元) │ --│-2111400.00│ --│
│固定资产净值(万元) │ --│5592400.00│ --│
│在建工程(万元) │1200600.00│ 96600.00│ 1142.86│
│其他长期资产(万元) │ --│ 1600.00│ --│
│无形资产 │ --│ 59300.00│ --│
│无形资产及其他资产合计 │ --│1117400.00│ --│
│预提费用(万元) │ --│ 562000.00│ --│
│长期应付款(万元) │1530000.00│ --│ --│
│一年内到期的长期负债(万元) │ --│ 656700.00│ --│
│长期待摊费用(万元) │ --│ 1500.00│ --│
│待摊费用减少(万元) │ --│ -1800.00│ --│
│待摊费用增加(万元) │ --│ 174500.00│ --│
│存货的减少(万元) │ --│ -9800.00│ --│
│少数股东损益(万元) │ --│ 12400.00│ --│
│递延税款贷项(万元) │ --│ -100.00│ --│
│流动负债合计(万元) │4185200.00│4105700.00│ 1.94│
│长期借款(万元) │1016500.00│1147300.00│ -11.40│
│长期负债合计(万元) │ --│2457500.00│ --│
│负债合计(万元) │6993300.00│6598600.00│ 5.98│
│主营业务收入(万) │4171200.00│3525100.00│ 18.33│
│主营业务成本(万) │ --│2923400.00│ --│
│主营业务利润(万) │ 282500.00│ 38600.00│ 631.87│
│其他业务利润(万) │ --│ 15800.00│ --│
│营业利润(万) │ 282500.00│ 38600.00│ 631.87│
│补贴收入(万) │ --│ 10300.00│ --│
│净利润(万) │ 218300.00│ 40700.00│ 436.36│
│未分配利润(万) │ 118200.00│ -55400.00│ -313.36│
│投资收益(万) │ --│ 500.00│ --│
│营业外收支净额(万) │ 33300.00│ 15600.00│ 113.46│
│利润总额(万) │ 315800.00│ 54200.00│ 482.66│
│购买商品、接受劳务支付的现金(万 │ │ │ │
│元) │2781300.00│2668100.00│ 4.24│
│经营活动产生的现金流入小计(万元)│4163300.00│3579400.00│ 16.31│
│经营活动产生的现金流出小计(万元)│3402300.00│3171600.00│ 7.27│
│经营活动产生的现金现金流量净额( │ │ │ │
│万元) │ 761000.00│ 407800.00│ 86.61│
│投资活动产生的现金流入小计(万元)│ 33100.00│ 9900.00│ 234.34│
│投资活动产生的现金流出小计(万元)│ 374900.00│ 519400.00│ -27.82│
│投资活动产生的现金流量净额(万元)│-341800.00│-509500.00│ -32.91│
│购建固定资产、无形资产、其他长期│ │ │ │
│资产所支付的现金(万元) │ 374900.00│ 519000.00│ -27.76│
│借款所收到的现金(万元) │ --│1852500.00│ --│
│筹资活动产生的现金流入小计(万元)│1881900.00│1849700.00│ 1.74│
│筹资活动产生的现金流出小计(万元)│1988900.00│1619900.00│ 22.78│
│筹资活动产生的现金流量净额(万元)│-107000.00│ 229800.00│ -146.56│
│分配股利利润或偿付利息所支付的现│ │ │ │
│金(万元) │ 217400.00│ 172700.00│ 25.88│
│现金及现金等价物净增加额(万元) │ 312200.00│ 128100.00│ 143.72│
│加:固定资产折旧(万元) │ --│ 325000.00│ --│
│加：经营性应收项目减少(万元) │ --│ -79600.00│ --│
│加：经营性应收项目增加(万元) │ --│-182400.00│ --│
│(附注)经营活动产生的现金流量净额│ │ │ │
│(万元) │ --│ 396300.00│ --│
│现金期末余额(万元) │ --│ 427300.00│ --│
└────────────────┴─────┴─────┴─────┘
【环比分析】
【单季度财务分析】
┌────┬───────┬──────┬───────┬──────┐
│2006年 │主营收入(万元)│占年度比重％│ 净利润(万元)│ 占年度比重%│
├────┼───────┼──────┼───────┼──────┤
│第四季度│ 1209700.00│ 25.55│ -28900.00│ -244.92│
│第三季度│ 1410700.00│ 29.79│ 126100.00│ 1068.64│
│第二季度│ 1171000.00│ 24.73│ -25100.00│ -212.71│
│第一季度│ 943400.00│ 19.92│ -60300.00│ -511.02│
└────┴───────┴──────┴───────┴──────┘
┌────┬───────┬──────┬───────┬──────┐
│2005年 │主营收入(万元)│占年度比重％│ 净利润(万元)│ 占年度比重%│
├────┼───────┼──────┼───────┼──────┤
│第四季度│ 959800.00│ 24.58│ -180300.00│ 100.50│
│第三季度│ 1140100.00│ 29.19│ 85200.00│ -47.49│
│第二季度│ 978700.00│ 25.06│ -55800.00│ 31.10│
│第一季度│ 826600.00│ 21.17│ -28500.00│ 15.89│
└────┴───────┴──────┴───────┴──────┘
【财务预警】
【Z值预警】
截至日期：2007-09-30
┌───────────┬──────┬─────┬──────┐
│ 指标名称 │ 指标值 │ Z值 │ 警度 │
├───────────┼──────┼─────┼──────┤
│净营运资金/资产总计 │ -0.3666│ │ │
│留存收益/资产总计 │ 0.0227│ │ │
│息税前利润/资产总计 │ │ │ │
│股东权益合计/负债合计 │ 0.2077│ │ │
│主营业务收入/资产总计 │ 0.4939│ │ │
└───────────┴──────┴─────┴──────┘
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