中國化工行業(yè)的發(fā)展報告

1、目 錄TOC o 1-2 h z u HYPERLINK l _Toc85012216 上篇：化工行業(yè)分析提要 PAGEREF _Toc85012216 h 1 HYPERLINK l _Toc85012217 I行業(yè)進入/退出定性趨勢預(yù)測 PAGEREF _Toc85012217 h 1 HYPERLINK l _Toc85012218 II行業(yè)進入/退出指標分析 PAGEREF _Toc85012218 h 2 HYPERLINK l _Toc85012219 一、行業(yè)業(yè)平均利利潤率分分析 PAGEREF _Toc85012219 h 2 HYPERLINK l _Toc85012220

2、二、企業(yè)業(yè)主要指指標較好好值、中中間值和和較差值值 PAGEREF _Toc85012220 h 3 HYPERLINK l _Toc85012221 三、行業(yè)業(yè)規(guī)模分分析 PAGEREF _Toc85012221 h 3 HYPERLINK l _Toc85012222 四、行業(yè)業(yè)集中度度分析 PAGEREF _Toc85012222 h 55 HYPERLINK l _Toc85012223 五、行業(yè)業(yè)效率分分析 PAGEREF _Toc85012223 h 5 HYPERLINK l _Toc85012224 六、行業(yè)業(yè)主要財財務(wù)指標標分析 PAGEREF _Toc85012224 h

3、77 HYPERLINK l _Toc85012225 七、投入入產(chǎn)出結(jié)結(jié)構(gòu)分析析 PAGEREF _Toc85012225 h 13 HYPERLINK l _Toc85012226 八、行業(yè)業(yè)經(jīng)濟運運行指標標 PAGEREF _Toc85012226 h 17 HYPERLINK l _Toc85012227 III行行業(yè)風(fēng)險險揭示、政策分分析及負負面信息息 PAGEREF _Toc85012227 h 19 HYPERLINK l _Toc85012228 一、風(fēng)險險揭示 PAGEREF _Toc85012228 h 119 HYPERLINK l _Toc85012229 二、政策策分

4、析 PAGEREF _Toc85012229 h 119 HYPERLINK l _Toc85012230 三、負面面信息 PAGEREF _Toc85012230 h 223 HYPERLINK l _Toc85012231 IV行業(yè)業(yè)動態(tài)跟跟蹤分析析評價 PAGEREF _Toc85012231 h 226 HYPERLINK l _Toc85012232 一、行業(yè)業(yè)及上下下游運行行情況 PAGEREF _Toc85012232 h 226 HYPERLINK l _Toc85012233 二、行業(yè)業(yè)強勢、弱勢、機會與與風(fēng)險（SWOOT） PAGEREF _Toc85012233 h 27

5、 HYPERLINK l _Toc85012234 三、貸款款建議 PAGEREF _Toc85012234 h 227 HYPERLINK l _Toc85012235 V龍頭/重點聯(lián)聯(lián)系企業(yè)業(yè)分析 PAGEREF _Toc85012235 h 228 HYPERLINK l _Toc85012236 一、龍頭頭/重點聯(lián)聯(lián)系企業(yè)業(yè)財務(wù)指指標 PAGEREF _Toc85012236 h 288 HYPERLINK l _Toc85012237 二、企業(yè)業(yè)在全國國各地的的分布 PAGEREF _Toc85012237 h 228 HYPERLINK l _Toc85012238 VI資本本市場

6、分分析 PAGEREF _Toc85012238 h 300 HYPERLINK l _Toc85012239 下篇：化化工行業(yè)業(yè)分析說說明 PAGEREF _Toc85012239 h 333 HYPERLINK l _Toc85012240 I化工行行業(yè)分析析 PAGEREF _Toc85012240 h 33 HYPERLINK l _Toc85012241 一、行業(yè)業(yè)運行分分析 PAGEREF _Toc85012241 h 333 HYPERLINK l _Toc85012242 二、行業(yè)業(yè)政策分分析 PAGEREF _Toc85012242 h 333 HYPERLINK l _To

7、c85012243 三、新技技術(shù)、新新產(chǎn)品、新工藝藝 PAGEREF _Toc85012243 h 38 HYPERLINK l _Toc85012244 四、上下下游行業(yè)業(yè)影響 PAGEREF _Toc85012244 h 441 HYPERLINK l _Toc85012245 五、國際際市場情情況 PAGEREF _Toc85012245 h 499 HYPERLINK l _Toc85012246 六、行業(yè)業(yè)發(fā)展趨趨勢 PAGEREF _Toc85012246 h 533 HYPERLINK l _Toc85012247 七、專家家觀點 PAGEREF _Toc85012247 h 5

8、59 HYPERLINK l _Toc85012248 II化工工企業(yè)分分析 PAGEREF _Toc85012248 h 633 HYPERLINK l _Toc85012249 一、化工工行業(yè)企企業(yè)整體體分析 PAGEREF _Toc85012249 h 663 HYPERLINK l _Toc85012250 二、主要要企業(yè)分分析 PAGEREF _Toc85012250 h 655 HYPERLINK l _Toc85012251 III化化工市場場產(chǎn)品分分析 PAGEREF _Toc85012251 h 744 HYPERLINK l _Toc85012252 一、主要要產(chǎn)品市市場情

9、況況 PAGEREF _Toc85012252 h 74 HYPERLINK l _Toc85012253 二、主要要產(chǎn)品生生產(chǎn)情況況 PAGEREF _Toc85012253 h 90 HYPERLINK l _Toc85012254 三、主要要產(chǎn)品價價格變動動情況 PAGEREF _Toc85012254 h 993 HYPERLINK l _Toc85012255 IV化工工行業(yè)區(qū)區(qū)域熱點點分析 PAGEREF _Toc85012255 h 997 HYPERLINK l _Toc85012256 一、安徽徽省能源源重化工工基地建建設(shè)目前前正式啟啟動 PAGEREF _Toc850122

10、56 h 977 HYPERLINK l _Toc85012257 二、河北北化工老老牌國企企舉起改改制大旗旗 PAGEREF _Toc85012257 h 97 HYPERLINK l _Toc85012258 三、榨干干垃圾中中的油水水滬化工工區(qū)打通通循環(huán)經(jīng)經(jīng)濟血脈脈 PAGEREF _Toc85012258 h 99 HYPERLINK l _Toc85012259 四、中國國最大PPTA生生產(chǎn)基地地在珠海海投產(chǎn) PAGEREF _Toc85012259 h 1100 HYPERLINK l _Toc85012260 五、湖北北4家國有有化企移移交省國國資委監(jiān)監(jiān)管 PAGEREF _To

11、c85012260 h 1001 HYPERLINK l _Toc85012261 六、新疆疆重化工工業(yè)基地地建設(shè)啟啟動 PAGEREF _Toc85012261 h 1002上篇：化化工行業(yè)業(yè)分析提提要本報告如無特殊說明數(shù)據(jù)均根據(jù)統(tǒng)計局2004年18月份數(shù)據(jù)整理計算而得，單位如無特殊說明均為萬元人民幣，本報告中全國特指該行業(yè)全國統(tǒng)計值，工業(yè)特指全部工業(yè)行業(yè)統(tǒng)計值。本行業(yè)以化學(xué)原料及化學(xué)制品制造業(yè)、化學(xué)纖維制造業(yè)、橡膠制品業(yè)、塑料制品業(yè)四個子行業(yè)為整個化工行業(yè)統(tǒng)計口徑，數(shù)據(jù)來源均為統(tǒng)計局。 = 1 * ROMAN I行業(yè)進進入/退退出定性性趨勢預(yù)預(yù)測指標金額同比增減減（%）供給總產(chǎn)值（變價）1

12、2133703367.1028.995產(chǎn)成品1175580770230.889需求產(chǎn)品銷售售收入1079948776.99013.442趨勢預(yù)測測本期市場場供求特特點分析析【主要影影響因素素】世界界經(jīng)濟復(fù)復(fù)蘇帶動動化工行行業(yè)的發(fā)發(fā)展，我我國石油油和化工工行業(yè)經(jīng)經(jīng)濟形勢勢發(fā)展良良好?！窘Y(jié)論】產(chǎn)銷銜銜接良好好。市場銷銷售活躍躍，經(jīng)濟濟效益創(chuàng)創(chuàng)歷史最最高水平平。下期市場場供求趨趨勢分析析【主要影影響因素素】世界界經(jīng)濟繼繼續(xù)看好好；國內(nèi)內(nèi)化工企企業(yè)逐漸漸形成規(guī)規(guī)模經(jīng)濟濟?！窘Y(jié)論】供需基基本平衡衡。簡要結(jié)論論部分子行行業(yè)生產(chǎn)產(chǎn)能力不不足，建建議進入入。 = 2 * ROMAN II行業(yè)業(yè)進入/退出指指標

13、分析析一、行業(yè)業(yè)平均利利潤率分分析平均利潤潤率(%)與工業(yè)比比較(%)與全行業(yè)業(yè)比較(%)與topp10比比較(%)工業(yè)3.822%100.00%102.81%26.889%全國3.711%97.226%100.00%26.115%Top11014.220%371.88%382.34%100.00%北京市9.022%236.36%243.01%63.556%天津市4.500%117.77%121.09%31.667%河北省1.477%38.555%39.664%10.337%山西省1.588%41.227%42.443%11.110%內(nèi)蒙2.611%68.445%70.338%18.441%遼

14、寧省2.022%53.002%54.551%14.226%吉林省4.155%108.57%111.62%29.119%黑龍江省省1.199%31.111%31.999%8.377%上海市3.877%101.25%104.10%27.223%江蘇省4.488%117.39%120.70%31.557%浙江省3.944%103.31%106.22%27.778%安徽省1.788%46.666%47.997%12.555%福建省6.244%163.37%167.97%43.993%江西省0.733%19.009%19.663%5.133%山東省4.788%125.24%128.76%33.668%河

15、南省3.333%87.228%89.774%23.447%湖北省1.166%30.330%31.115%8.155%湖南省0.911%23.997%24.664%6.444%廣東省4.966%129.79%133.44%34.990%廣西1.411%36.990%37.994%9.922%海南省6.811%178.47%183.49%47.999%重慶市3.100%81.332%83.661%21.887%四川省2.900%75.995%78.009%20.442%貴州省2.099%54.883%56.337%14.774%云南省2.399%62.660%64.336%16.883%陜西省1.

16、377%35.994%36.995%9.666%甘肅省0.144%3.577%3.677%0.966%青海省2.377%61.994%63.669%16.666%寧夏3.033%79.331%81.554%21.333%新疆1.133%29.665%30.449%7.977%二、企業(yè)業(yè)主要指指標較好好值、中中間值和和較差值值注：該項指標根據(jù)統(tǒng)計局2003年末全國18萬家工業(yè)企業(yè)統(tǒng)計數(shù)據(jù)計算整理而得，單位為千元，僅供參考。自然排序法三個值分別為序列中分別處1/4、2/4、3/4位置企業(yè)數(shù)值；算術(shù)平均法分別為所有企業(yè)平均水平、平均線上所有企業(yè)平均水平、平均線下所有企業(yè)水平。在實踐中中，商業(yè)業(yè)銀行還

17、還經(jīng)常將將企業(yè)主主要指標標進一步步分為較較好值、中間值值和較差差值，用用于更為為細致地地確定行行業(yè)的進進入退退出量化化標準。凈資產(chǎn)（千元）利潤（千千元）自然排序序法較好值125110.00011700.000中間值41033.000250.00較差值13500.0000.000算術(shù)平均均法較好值1639915.05132114.883中間值267888.44719988.444較差值45800.077441.43三、行業(yè)業(yè)規(guī)模分分析銀行業(yè)普普遍關(guān)心心行業(yè)規(guī)規(guī)模分析析。因為為行業(yè)規(guī)規(guī)模的大大小從一一個方面面決定了了該行業(yè)業(yè)受政府府、包括括地方政政府重視視的程度度，區(qū)域域行業(yè)規(guī)規(guī)模的大大小一定定程

18、度上上決定本本地該行行業(yè)在全全國市場場上的競競爭地位位。（一）本本行業(yè)與與整個工工業(yè)之間間的規(guī)模模總量比比較規(guī)模指標標總資產(chǎn)利潤銷售收入入從業(yè)人數(shù)數(shù)全國18000018872668444133.211755807702.4558222888工業(yè)18455273354447045522558.5511522138863995938801776（二）行行業(yè)內(nèi)各各個地區(qū)區(qū)與整個個行業(yè)規(guī)規(guī)?？偭苛勘容^規(guī)模指標資產(chǎn)總量量及所占占比重利潤總額額及所占占比重銷售收入入及所占占比重資產(chǎn)總量量區(qū)域比全全國利潤總額額區(qū)域比全全國銷售收入入?yún)^(qū)域比全全國全國18000018872100.00%668444133.20

19、0 100.00%11755807702.40 100.00%北京市449334755.72.500%4054499.80 6.077%259992099.400 2.211%天津市521338622.62.900%2344445.20 3.511%328886822.300 2.800%河北省696228077.63.877%1024488.70 1.533%388111766.400 3.300%山西省364559299.52.033%574441.990 0.866%132223666.700 1.122%內(nèi)蒙151330511.50.844%395444.770 0.599%60399

20、41.30 0.511%遼寧省916003577.55.099%1854423.10 2.777%401882299.900 3.422%吉林省495557588.22.755%2054420.30 3.077%290333744.300 2.477%黑龍江1960020221.099%232884.770 0.355%8732201.40 0.744%上海市1245575332.996.922%4815583.10 7.200%761229100.900 6.477%江蘇省2558893226.9914.222%114669411.800 17.116%2218868668.880 18.8

21、87%浙江省1700016775.339.455%6706621.50 10.003%1359974555.550 11.556%安徽省444113722.22.477%791225.220 1.188%242220333.100 2.066%福建省609229266.43.388%3800050.30 5.699%399448511.000 3.400%江西省176662988.20.988%128776.440 0.199%7994423.90 0.688%山東省184990522310.227%8841157.20 13.223%1469977773.440 12.550%河南省5683

22、37066.83.166%1894402.10 2.833%357774399.700 3.044%湖北省479445188.42.666%554661.880 0.833%281777500.200 2.400%湖南省383886711.52.133%351223.770 0.533%197117666.500 1.688%廣東省1979927337.5511.000%9808804.20 14.667%1516659660.440 12.990%廣西180668444.21.000%254555.330 0.388%8245543.10 0.700%海南省7763320.60.433%52

23、8998.220 0.799%2541156.60 0.222%重慶市212004099.11.188%658334.770 0.988%9582245.80 0.811%四川省534997411.32.977%1551130.80 2.322%277770088.000 2.366%貴州省202005000.11.122%422994.880 0.633%8753377.60 0.744%云南省338332255.41.888%808559.660 1.211%123990122.500 1.055%陜西省205007177.41.144%281338.000 0.422%6470081.6

24、0 0.555%甘肅省147228077.30.822%20055.400 0.033%5487738.20 0.477%青海省7222246.70.400%170881.440 0.266%1078852.30 0.099%寧夏9148859.20.511%277002.660 0.411%4182266.30 0.366%新疆1529946770.855%173116.770 0.266%5960005.30 0.511%全國18000018872100.00%668444133.200 100.00%11755807702.40 100.00%（三）本本行業(yè)不不同規(guī)模模企業(yè)與與整個行行業(yè)

25、之間間的規(guī)模?？偭勘缺容^規(guī)模指標標總資產(chǎn)利潤銷售收入入從業(yè)人數(shù)數(shù)全行業(yè)18000018872668444133 11755807702.4558222888大型企業(yè)業(yè)565114611323533133331466358819828852中型企業(yè)業(yè)62055818822208871223753391662186228400小型企業(yè)業(yè)61422907772122256994857779559273665966四、行業(yè)業(yè)集中度度分析行業(yè)集中中度是衡衡量一個個行業(yè)的的主要財財務(wù)指標標向行業(yè)業(yè)核心企企業(yè)集中中程度的的一個指指標，報報告中用用行業(yè)中中排名前前10位位的企業(yè)業(yè)占全行行業(yè)主要要財務(wù)指指標（銷

26、銷售收入入、資產(chǎn)產(chǎn)、利潤潤）的比比例來表表示。集集中度不不同的行行業(yè)，其其企業(yè)運運行方式式與特點點各不相相同。銀銀行可以以根據(jù)自自己的市市場定位位和營銷銷戰(zhàn)略，采用對對應(yīng)的舉舉措來管管理和開開發(fā)特點點各異的的細分市市場。Top110(%)銷售集中中度8.811%資產(chǎn)集中中度5.355%利潤集中中度22.000%五、行業(yè)業(yè)效率分分析行業(yè)效率率在一定定程度上上反映了了行業(yè)發(fā)發(fā)展速度度，決定定著行業(yè)業(yè)未來的的發(fā)展空空間。每每萬元資資產(chǎn)利潤潤指標用用來衡量量企業(yè)資資產(chǎn)的贏贏利能力力。每萬萬元資產(chǎn)產(chǎn)利潤=利潤/總資產(chǎn)產(chǎn)（單位位萬元）。每萬萬元固定定資產(chǎn)利利潤指標標用來衡衡量企業(yè)業(yè)固定資資產(chǎn)的贏贏利能力力

27、。每萬萬元固定定資產(chǎn)利利潤=利利潤/固固定資產(chǎn)產(chǎn)（單位位萬元）。人均均利潤指指標用來來衡量企企業(yè)員工工的贏利利能力。人均利利潤=利利潤/員員工人數(shù)數(shù)（單位位人）。本行業(yè)效效率與全全部工業(yè)業(yè)行業(yè)效效率對比比單位：元元本行業(yè)aa全部工業(yè)業(yè)行業(yè)bb本行業(yè)與與工業(yè)行行業(yè)相比比（%）每萬元資資產(chǎn)利潤潤371.35381.8097.226%每萬元固固定資產(chǎn)產(chǎn)利潤957.12997.4095.996%人均利潤潤119774.333118664.661100.92%分地區(qū)行行業(yè)效率率對比每萬元資資產(chǎn)利潤潤地區(qū)比全國(%)每萬元固固定資產(chǎn)產(chǎn)利潤地區(qū)比全國(%)人均利潤潤與全國比比較(%)全國371.35100.

28、00%957.12100.00%119774.333100.00%北京市902.42243.01%21544.011225.05%558550.112466.42%天津市449.66121.09%908.6994.994%168665.883140.85%河北省147.1939.664%374.3539.111%39466.59932.996%山西省157.5542.443%424.6544.337%41900.33334.999%內(nèi)蒙261.3670.338%548.3757.229%82633.10069.001%遼寧省202.4254.551%426.4544.556%81955.600

29、68.444%吉林省414.51111.62%705.2573.668%195886.441163.57%黑龍江118.7931.999%227.6423.778%38422.04432.009%上海市386.58104.10%11599.811121.18%189775.220158.47%江蘇省448.21120.70%12066.822126.09%167554.990139.92%浙江省394.44106.22%12088.866126.30%132996.883111.04%安徽省178.1547.997%511.4953.444%58833.53349.113%福建省623.761

30、67.97%13888.655145.09%180664.009150.86%江西省72.99019.663%148.4315.551%17233.68814.339%山東省478.17128.76%13322.188139.19%140990.118117.67%河南省333.2489.774%765.8680.002%72955.81160.993%湖北省115.6831.115%313.4732.775%29533.80024.667%湖南省91.55024.664%217.9922.778%17033.15514.222%廣東省495.54133.44%14800.611154.69%

31、149773.229125.04%廣西140.8837.994%349.4136.551%31566.78826.336%海南省681.40183.49%12599.033131.54%685883.117572.75%重慶市310.4883.661%870.6390.996%89644.79974.887%四川省289.9878.009%742.6077.559%79333.01166.225%貴州省209.3356.337%628.3165.665%59433.70049.664%云南省239.0064.336%561.8258.770%102115.88785.331%陜西省137.21

32、36.995%300.6531.441%35033.32229.226%甘肅省13.6623.677%35.3383.700%276.012.300%青海省236.5063.669%832.0186.993%135334.111113.03%寧夏302.8181.554%721.7675.441%106551.11688.995%新疆113.2230.449%282.4829.551%47222.31139.444%六、行業(yè)業(yè)主要財財務(wù)指標標分析（一）盈盈利能力力分析贏利能力力是指賺賺取利潤潤的能力力，報告告通過凈凈資產(chǎn)收收益率、總資產(chǎn)產(chǎn)報酬率率、銷售售利潤率率、成本本費用利利潤率等等財務(wù)指指

33、標來衡衡量。凈凈資產(chǎn)收收益率是是指企業(yè)業(yè)一定時時期內(nèi)的的凈利潤潤同平均均凈資產(chǎn)產(chǎn)的比率率。凈資資產(chǎn)收益益率體現(xiàn)現(xiàn)了投資資者投入入企業(yè)的的股權(quán)資資金獲取取凈收益益的能力力，突出出反映了了投資與與收益的的關(guān)系。凈資產(chǎn)產(chǎn)收益率率=凈利潤潤/平均均凈資產(chǎn)產(chǎn)1000%。其其中：平平均凈資資產(chǎn)=（年初初凈資產(chǎn)產(chǎn)+年末凈凈資產(chǎn)）/2?？偖a(chǎn)產(chǎn)報酬率率是指企企業(yè)一定定時期內(nèi)內(nèi)獲得的的報酬總總額與平平均資產(chǎn)產(chǎn)總額的的比率。總資產(chǎn)產(chǎn)報酬率率用于衡衡量企業(yè)業(yè)包括凈凈資產(chǎn)和和負債在在內(nèi)的全全部資產(chǎn)產(chǎn)的總體體獲利能能力?？偪傎Y產(chǎn)報報酬率=（利潤潤總額+利息費費用）/平均資資產(chǎn)總額額1000%。銷售利利稅率是是指利稅稅總額

34、與與銷售凈凈收入的的比率，它反映映企業(yè)銷銷售收入入的收益益水平和和貢獻程程度。銷銷售利潤潤率（銷售利利潤/產(chǎn)品銷銷售凈收收入）1000。成本本費用利利潤率是是企業(yè)一一定時期期的利潤潤總額同同企業(yè)成成本費用用總額的的比率。成本費費用利潤潤率表示示企業(yè)為為取得利利潤而付付出的代代價，從從企業(yè)支支出方面面評價企企業(yè)的收收益能力力。成本本費用利利潤率=利潤總總額/成成本費用用總額1000%。本行業(yè)盈盈利能力力與全部部工業(yè)行行業(yè)盈利利能力對對比本行業(yè)AA工業(yè)行業(yè)業(yè)B本行業(yè)與與工業(yè)相相比a/b（%）凈資產(chǎn)收收益率（%）5.899%6.311%93.339%總資產(chǎn)報報酬率（%）4.655%4.633%100

35、.35%銷售利潤潤率（%）15.771%7.333%214.13%成本費用用利潤率率（%）6.066%6.611%91.775%分地區(qū)行行業(yè)盈利利能力對對比凈資產(chǎn)收益率（%）地區(qū)比全國（%）總資產(chǎn)報報酬率（%）地區(qū)比全國(%)銷售利潤率（%）地區(qū)比全國（%）成本費用用利潤率（%）地區(qū)比全全國（%）全國5.899%100.00%4.655%100.00%15.771%100.00%6.066%100.00%北京市9.800%166.29%9.577%206.04%25.330%161.08%18.445%304.28%天津市7.755%131.51%5.688%122.36%17.111%108

36、.94%7.722%127.32%河北省2.888%48.990%2.822%60.669%15.333%97.559%2.777%45.770%山西省2.833%48.004%2.722%58.555%16.665%106.04%4.566%75.221%內(nèi)蒙3.633%61.662%3.600%77.559%19.669%125.36%7.099%116.92%遼寧省2.988%50.662%3.099%66.555%15.777%100.44%4.900%80.881%吉林省5.655%95.993%5.022%108.17%16.221%103.19%7.844%129.27%黑龍江2

37、.088%35.335%1.999%42.887%11.226%71.668%2.755%45.227%上海市5.066%85.990%4.388%94.440%18.333%116.69%6.711%110.70%江蘇省7.311%124.10%5.388%115.75%11.992%75.991%5.455%89.887%浙江省6.733%114.19%5.100%109.72%12.225%77.998%5.188%85.446%安徽省3.266%55.336%2.844%61.223%12.445%79.229%3.366%55.335%福建省8.377%142.03%7.155%15

38、4.02%16.558%105.60%10.550%173.16%江西省1.399%23.668%1.600%34.446%13.002%82.993%1.666%27.444%山東省7.699%130.45%5.877%126.30%14.221%90.446%6.477%106.70%河南省6.822%115.81%4.455%95.771%14.006%89.556%5.655%93.118%湖北省2.055%34.880%2.277%48.882%15.668%99.887%2.066%33.996%湖南省1.699%28.667%1.800%38.885%14.559%92.992%

39、1.855%30.555%廣東省7.266%123.28%5.522%118.94%21.776%138.53%7.011%115.63%廣西2.522%42.881%2.344%50.440%16.446%104.82%3.188%52.551%海南省11.446%194.48%7.811%168.13%42.226%269.11%30.774%506.94%重慶市4.722%80.005%3.822%82.334%19.880%126.08%7.255%119.63%四川省4.433%75.227%3.911%84.110%17.771%112.79%5.899%97.007%貴州省3.2

40、99%55.887%3.033%65.332%16.772%106.46%5.077%83.668%云南省5.100%86.557%3.366%72.339%19.998%127.20%6.955%114.60%陜西省3.599%60.992%2.788%59.994%20.888%132.94%4.522%74.557%甘肅省0.199%3.277%0.833%17.992%11.552%73.335%0.377%6.155%青海省3.333%56.551%2.777%59.553%36.224%230.77%18.662%307.06%寧夏6.299%106.68%4.199%90.222

41、%16.552%105.20%7.133%117.52%新疆1.733%29.332%1.955%41.889%15.005%95.884%3.022%49.775%（二）營營運能力力分析營運能力力是指運運用各種種經(jīng)濟資資源從事事生產(chǎn)經(jīng)經(jīng)營活動動的能力力，也即即資金周周轉(zhuǎn)能力力或資產(chǎn)產(chǎn)管理效效率。報報告采用用總資產(chǎn)產(chǎn)周轉(zhuǎn)率率、流動動資產(chǎn)周周轉(zhuǎn)率、應(yīng)收帳帳款周轉(zhuǎn)轉(zhuǎn)率來衡衡量。總總資產(chǎn)周周轉(zhuǎn)率是是指企業(yè)業(yè)一定時時期營業(yè)業(yè)收入總總額同平平均資產(chǎn)產(chǎn)總額的的比值。總資產(chǎn)產(chǎn)周轉(zhuǎn)率率是綜合合評價企企業(yè)全部部資產(chǎn)經(jīng)經(jīng)營質(zhì)量量和利用用效率的的重要指指標。總總資產(chǎn)周周轉(zhuǎn)率=營業(yè)收收入總額額/平均均資產(chǎn)總總額100

42、0%。此此指標是是衡量企企業(yè)營運運能力的的指標之之一，流流動資產(chǎn)產(chǎn)周轉(zhuǎn)率率=營業(yè)業(yè)收入/平均流流動資產(chǎn)產(chǎn)1000%。應(yīng)應(yīng)收賬款款周轉(zhuǎn)率率是指企企業(yè)一定定時期內(nèi)內(nèi)主營業(yè)業(yè)務(wù)收入入凈額同同應(yīng)收賬賬款平均均余額的的比率。應(yīng)收賬賬款周轉(zhuǎn)轉(zhuǎn)率是反反映企業(yè)業(yè)應(yīng)收帳帳款回收收情況的的指標。應(yīng)收賬賬款周轉(zhuǎn)轉(zhuǎn)率=營業(yè)收收入凈額額/應(yīng)收收賬款平平均余額額1000%。本行業(yè)營營運能力力與全部部工業(yè)行行業(yè)營運運能力對對比本行業(yè)AA工業(yè)B與全部工工業(yè)行業(yè)業(yè)相比aa/b（%）總資產(chǎn)周周轉(zhuǎn)率（次）0.655 0.622 1.055 流動資產(chǎn)產(chǎn)周轉(zhuǎn)率率（次）1.500 1.399 1.088 應(yīng)收賬款款周轉(zhuǎn)率率（次）5.86

43、6 5.533 1.066 分地區(qū)行行業(yè)營運運能力對對比總資產(chǎn)周周轉(zhuǎn)率（次）與全國比較（%）流動資產(chǎn)產(chǎn)周轉(zhuǎn)率率（次）與全國比較（%）應(yīng)收賬款款周轉(zhuǎn)率率（次）與全國比較（%）全國0.655 100.00%1.500 100.00%5.866 100.00%北京市0.588 88.555%1.611 107.37%7.477 127.45%天津市0.633 96.556%1.600 106.62%5.933 101.15%河北省0.566 85.333%1.311 87.005%6.322 107.87%山西省0.366 55.552%0.955 63.114%4.399 74.884%內(nèi)蒙0.4

44、00 61.111%1.133 75.222%6.877 117.14%遼寧省0.444 67.115%1.211 80.555%6.533 111.39%吉林省0.599 89.669%2.088 138.55%11.883 201.77%黑龍江0.455 68.220%1.111 74.111%4.999 85.009%上海市0.611 93.555%1.233 81.773%3.522 60.110%江蘇省0.877 132.73%1.888 125.73%6.922 117.97%浙江省0.800 122.44%1.666 110.45%6.344 108.12%安徽省0.555 83

45、.448%1.177 78.337%5.133 87.559%福建省0.666 100.37%1.677 111.54%5.899 100.40%江西省0.455 69.229%1.266 83.880%4.366 74.442%山東省0.799 121.69%1.877 124.84%9.888 168.57%河南省0.633 96.336%1.511 100.92%7.233 123.27%湖北省0.599 89.997%1.377 91.009%6.133 104.61%湖南省0.511 78.663%1.288 85.663%4.655 79.227%廣東省0.777 117.30%1

46、.466 97.449%4.288 72.993%廣西0.466 69.886%1.122 74.441%4.833 82.333%海南省0.333 50.112%0.877 58.331%4.733 80.773%重慶市0.455 69.118%1.133 75.667%5.133 87.445%四川省0.522 79.447%1.233 81.771%6.522 111.24%貴州省0.433 66.333%0.988 65.229%4.155 70.886%云南省0.377 56.006%0.988 65.556%5.799 98.885%陜西省0.322 48.331%0.922 61

47、.006%3.811 64.993%甘肅省0.377 57.004%0.977 64.668%4.044 68.886%青海省0.155 22.886%0.411 27.660%3.066 52.113%寧夏0.466 69.999%1.255 83.331%3.055 51.998%新疆0.399 59.666%0.855 56.991%5.233 89.228%（三）償償債能力力分析償債能力力是指償償還各種種債務(wù)的的能力，通過償償債能力力的分析析可以揭揭示企業(yè)業(yè)的財務(wù)務(wù)狀況及及財務(wù)分分析。報報告采用用資產(chǎn)負負債率、已獲利利息倍數(shù)數(shù)來衡量量。資產(chǎn)產(chǎn)負債率率是指企企業(yè)一定定時期負負債總額額同資

48、產(chǎn)產(chǎn)總額的的比率。資產(chǎn)負負債率用用來衡量量企業(yè)總總資產(chǎn)中中有多少少是通過過負債籌籌集的；資產(chǎn)負負債率的的計算公公式如下下：資產(chǎn)產(chǎn)負債率率=負債總總額/資資產(chǎn)總額額1000%。已獲利利息倍數(shù)數(shù)又稱利利息保障障倍數(shù)，反映了了獲利能能力對債債務(wù)償付付的保證證程度，是分析析企業(yè)長長期償債債能力的的指標。已獲利利息倍數(shù)數(shù)=稅前前利潤總總額/利利息支出出1000%。本行業(yè)償償債能力力與全部部工業(yè)行行業(yè)償債債能力對對比本行業(yè)AA全部工業(yè)業(yè)行業(yè)BB與全部工工業(yè)行業(yè)業(yè)相比aa/b資產(chǎn)負債債率57.777%59.445%97.117%已獲利息息倍數(shù)4.999 5.711 87.335%分地區(qū)行行業(yè)償債債能力對對比

49、資產(chǎn)負債債率（%）與全國比較（%）已獲利息息倍數(shù)與全國比較（%）全國57.777%100.00%4.999100.00%北京市38.229%66.227%17.551351.15%天津市61.112%105.79%4.79996.002%河北省65.777%113.85%2.09941.997%山西省62.771%108.55%2.38847.667%內(nèi)蒙51.777%89.661%3.64472.996%遼寧省54.553%94.339%2.90058.110%吉林省50.886%88.004%5.711114.59%黑龍江省省61.778%106.95%2.48849.771%上海市48.

50、882%84.551%8.455169.39%江蘇省58.993%102.00%6.011120.52%浙江省60.772%105.11%4.42288.772%安徽省63.440%109.75%2.68853.668%福建省50.006%86.665%7.800156.50%江西省64.999%112.49%1.84436.883%山東省58.331%100.94%5.411108.44%河南省67.228%116.46%3.99980.007%湖北省62.220%107.67%2.04440.993%湖南省63.771%110.28%2.03340.669%廣東省54.229%93.997

51、%9.700194.55%廣西62.557%108.32%2.51150.337%海南省60.116%104.13%7.844157.30%重慶市55.889%96.775%5.311106.54%四川省56.119%97.226%3.88877.882%貴州省57.339%99.335%3.22264.667%云南省68.660%118.75%3.46669.334%陜西省74.339%128.77%1.97739.554%甘肅省52.669%91.221%1.20023.998%青海省52.440%90.771%6.911138.60%寧夏67.772%117.23%3.60072.228

52、%新疆56.009%97.009%2.39947.996%（四）發(fā)發(fā)展能力力分析發(fā)展能力力是指不不斷發(fā)展展的能力力。通過過發(fā)展能能力分析析可以了了解發(fā)展展變化情情況，并并可以預(yù)預(yù)測發(fā)展展前景。報告中中采用資資本積累累率、銷銷售增長長率、總總資產(chǎn)增增長率來來衡量。資本積積累率是是指企業(yè)業(yè)本年所所有者權(quán)權(quán)益增長長額同年年初所有有者權(quán)益益的比率率。資本本積累率率表示企企業(yè)當年年資本的的積累能能力，是是評價企企業(yè)發(fā)展展?jié)摿Φ牡闹匾钢笜恕ＹY資本積累累率本本年所有有者權(quán)益益增長額額/年初初所有者者權(quán)益1000%。銷銷售（營營業(yè)）增增長率是是指企業(yè)業(yè)本年銷銷售（營營業(yè)）收收入增長長額同上上年銷售售（營業(yè)業(yè)

53、）收入入總額的的比率。銷售（營業(yè)）增長率率表示與與上年相相比，企企業(yè)銷售售（營業(yè)業(yè)）收入入的增減減變動情情況，是是評價企企業(yè)成長長狀況和和發(fā)展能能力的重重要指標標。銷售售（營業(yè)業(yè)）增長長率本本年銷售售增長額額/上年年銷售收收入總額額l000%。此此比率是是衡量企企業(yè)發(fā)展展能力的的指標之之一。總總資產(chǎn)增增長率=本年總總資產(chǎn)增增長額/年初資資產(chǎn)總額額1000%。本行業(yè)發(fā)發(fā)展能力力與全部部工業(yè)行行業(yè)發(fā)展展能力對對比本行業(yè)AA全部工業(yè)業(yè)行業(yè)BB與全部工工業(yè)行業(yè)業(yè)相比aa/b（%）資本積累累率14.330%15.999%89.443%銷售增長長率30.889%33.555%92.008%總資產(chǎn)增增長率1

54、4.339%17.443%82.553%分地區(qū)行行業(yè)發(fā)展展能力對對比資本積累累率與全國比比較銷售增長長率（%）與全國比比較總資產(chǎn)增增長率與全國比比較全國14.330%100.00%30.889%100.00%14.339%100.00%北京市18.776%131.15%40.334%130.61%4.400%30.660%天津市-2.774%-19.13%24.224%78.447%-2.330%-15.98%河北省4.488%31.333%34.554%111.82%5.466%37.997%山西省9.800%68.449%31.779%102.94%17.001%118.20%內(nèi)蒙11.2

55、23%78.551%62.117%201.30%12.119%84.773%遼寧省19.337%135.40%28.339%91.991%9.055%62.886%吉林省22.441%156.66%37.994%122.82%-5.997%-41.51%黑龍江11.443%79.992%17.557%56.888%9.200%63.992%上海市8.600%60.111%26.883%86.886%12.553%87.110%江蘇省16.999%118.81%31.889%103.25%20.334%141.35%浙江省22.114%154.76%33.663%108.90%27.888%19

56、3.78%安徽省10.779%75.443%31.557%102.20%21.009%146.54%福建省18.886%131.89%32.114%104.06%12.333%85.666%江西省24.114%168.78%36.885%119.31%20.333%141.25%山東省19.555%136.67%40.221%130.17%24.669%171.55%河南省6.044%42.226%35.550%114.93%8.844%61.446%湖北省15.889%111.08%21.990%70.990%13.882%96.002%湖南省6.211%43.440%26.117%84.7

57、74%9.422%65.446%廣東省14.229%99.991%21.997%71.114%12.668%88.009%廣西7.188%50.117%14.008%45.559%5.755%39.999%海南省8.800%61.550%43.229%140.16%53.335%370.72%重慶市21.225%68.779%13.551%93.889%四川省14.334%100.25%33.002%106.91%14.330%99.440%貴州省8.188%57.116%30.116%97.664%16.995%117.79%云南省4.500%31.448%25.774%83.335%9.7

58、11%67.444%陜西省14.006%98.332%28.550%92.229%11.449%79.886%甘肅省2.866%20.003%17.008%55.228%0.944%6.522%青海省31.443%101.77%9.566%66.443%寧夏24.225%169.55%36.664%118.62%28.669%199.41%新疆11.777%82.226%41.774%135.13%7.700%53.553%全國14.330%100.00%30.889%100.00%14.339%100.00%七、投入入產(chǎn)出結(jié)結(jié)構(gòu)分析析（一）投投入費用用變動情情況銷售成本本及變動動銷售費用用及

59、變動動管理費用用及變動動20044年18月同比增長長（%）20044年18月同比增長長（%）20044年18月同比增長長（%）全國9839980220.00030.443%463331344.40028.444%553442833.90016.883%北京市192112044.10025.117%881009.11035.775%1639967.6019.007%天津市270889966.80022.558%950993.33023.449%1710010.7017.336%河北省326771355.60035.442%1453309.7027.995%1921164.5013.552%山西省

60、109223799.50030.889%430664.8803.233%824111.00016.447%內(nèi)蒙4813334.6055.225%251990.44064.448%362991.55034.227%遼寧省334339055.00027.668%1085563.1028.113%2341153.2014.333%吉林省237225255.60032.990%360443.77048.111%1686666.5038.443%黑龍江省省7709972.4014.669%182994.8804.011%432118.330-15.32%上海市618779388.40029.226%39