WLY公司財(cái)務(wù)分析案例

1、WLY公司財(cái)務(wù)分析案例背景資料WLY公司是1997年8月19日經(jīng)四川省人民政府以川府函(1997)295號(hào)文批準(zhǔn)由四川省宜賓五糧液酒廠獨(dú)家發(fā)起于1998年3月27日在深圳證券交易所上網(wǎng)定價(jià)發(fā)行人民幣普通股8,000萬(wàn)股采取募集方式設(shè)立的股份有限公司。公司主從事食品制造業(yè)，以生產(chǎn)、銷售白酒為主營(yíng)范圍。(單單位：人人民幣元元)： 面值 發(fā)發(fā)行價(jià) 發(fā)行費(fèi)費(fèi)用 籌集集資金 每每股 11.000 14.77 0.220 144.577合計(jì) 880,0000,0000 11,1881,6600,0000 16,0000,0000 11,1665,6600,0000（二）主要要股東基準(zhǔn)日期：2004/06/

2、30排名股東名稱持股數(shù)量（股股）比例（%）1YB市國(guó)有有資產(chǎn)經(jīng)經(jīng)營(yíng)有限限公司1,9477,6228,880071.833098862 HYPERLINK /info/institution/tzzxgszl.jsp?code=H0000053 豐和價(jià)值證證券投資資基金15,7224,33020.579993223 HYPERLINK /info/institution/tzzxgszl.jsp?code=H0000093 宏源證券股股份有限限公司8,4255,82280.310075554 HYPERLINK /info/institution/tzzxgszl.jsp?code=H00000

3、15 景宏證券投投資基金金3,6011,23380.132281885 HYPERLINK /info/institution/tzzxgszl.jsp?code=H0000339 全國(guó)社?；?006組合合3,4544,48830.127740666 HYPERLINK /info/institution/tzzxgszl.jsp?code=H0000007 博時(shí)裕富證證券投資資基金3,3833,71150.124479667張軍3,3522,38800.1233648 HYPERLINK /info/institution/tzzxgszl.jsp?code=H0000338 招商銀行股

4、股份有限限公司招商股股票投資資基金3,2144,83390.118856779蘇柏榮2,9477,04480.1088691110 HYPERLINK /info/institution/tzzxgszl.jsp?code=H0000053 泰和證券投投資基金金2,9422,00000.10885055單位：股基準(zhǔn)日期:2004/09/30總股本2,7111,4004,8800可可流通股股份763,7776,0000流通AA股763,7776,0000本本次流通通A股763,7776,0000未未流通股股份1,9477,6228,8800發(fā)起人人股份1,9477,6228,8800國(guó)家股股1,

5、9477,6228,8800歷史變更時(shí)時(shí)間2004-04-132003-04-162002-04-182001-09-052001-03-23變動(dòng)原因送轉(zhuǎn)股轉(zhuǎn)增送轉(zhuǎn)股送轉(zhuǎn)股配股上市總股本271,1140.48135,5570.24112,9975.2086,9004.00051,1220.000流通股本流通股76,3777.66038,1888.88031,8224.00024,4880.00014,4000.000高管股58.11120.14419.29916.7779.86（四）歷年年分紅方方案公告日分配方案(每100股)分配前股本本(萬(wàn)股股)除權(quán)日登記日上市日方案進(jìn)度送紅股(股股)轉(zhuǎn)增股

6、(股股)派現(xiàn)金(元元)2004-04-078.002.002.00135,5570.242004-04-132004-04-122004-04-13決案2003-04-080.002.000.00112,9975.202003-04-162003-04-152003-04-16決案2002-04-101.002.000.2586,9004.0002002-04-182002-04-172002-04-18決案2001-08-284.003.001.0051,1220.0002001-09-042001-09-032001-09-05決案2000年年度無(wú)無(wú)無(wú)1999-09-220.005.000

7、.0032,0000.0001999-09-281999-09-271999-09-30決案1999-05-280.000.0012.50032,0000.0001999-06-081999-06-07決案（五）歷年年配股方方案公告日配股方案(每100股)配股價(jià)(元元)除權(quán)日登記日配股繳款起起止日上市日募集資金(萬(wàn)元)方案進(jìn)度2003年年度無(wú)無(wú)2002年年度無(wú)無(wú)2001-01-192.0025.0002001-02-192001-02-162001-02-2022001103-2378,0000.000決案（六）20003年年度資產(chǎn)產(chǎn)負(fù)債表表及20002與與20003

8、年度度利潤(rùn)表表、現(xiàn)金金流量表表資產(chǎn)負(fù)債表表（金額額單位：元）項(xiàng)目2003年2002年貨幣資金1,005,084,928.001,335,725,824.00短期投資1,431,037.505,927,785.00減:短期投資跌價(jià)準(zhǔn)備0.000.00短期投資凈額0.000.00應(yīng)收票據(jù)550,460,800.00376,468,736.00應(yīng)收帳款2,709,674.502,926,977.75減：壞帳準(zhǔn)備0.000.00應(yīng)收帳款凈額2,709,674.502,926,977.75預(yù)付帳款201,151.1146,973,092.00其它應(yīng)收款22,812,470.0014,226,681.00

9、存貨1,092,522,752.00958,709,312.00減：存貨跌價(jià)準(zhǔn)備0.000.00存貨凈額1,092,522,752.00958,709,312.00待攤費(fèi)用0.000.00待處理流動(dòng)資產(chǎn)凈損失0.000.00一年內(nèi)到期的長(zhǎng)期流動(dòng)資產(chǎn)凈損失其它流動(dòng)資產(chǎn)0.000.00流動(dòng)資產(chǎn)合計(jì)2,675,222,784.002,740,958,464.00長(zhǎng)期股權(quán)投資3,426,600.003,656,600.00長(zhǎng)期債權(quán)投資0.000.00長(zhǎng)期投資合計(jì)3,426,600.003,656,600.00減:長(zhǎng)期投資減值準(zhǔn)備（相當(dāng)投資風(fēng)險(xiǎn)準(zhǔn)備）0.000.00長(zhǎng)期投資凈額（或長(zhǎng)期資產(chǎn)、投資合計(jì)）3

10、,426,600.003,656,600.00固定資產(chǎn)原價(jià)6,100,013,056.004,536,148,992.00減：累計(jì)折舊1,203,184,128.00933,675,712.00固定資產(chǎn)凈值4,896,828,928.003,602,473,216.00工程物資0.000.00在建工程619,018,688.00844,818,624.00固定資產(chǎn)清理0.000.00待處理固定資產(chǎn)凈損失0.000.00固定資產(chǎn)合計(jì)5,515,297,792.004,446,821,888.00無(wú)形資產(chǎn)68,832,344.0070,298,080.00開辦費(fèi)0.000.00長(zhǎng)期待攤費(fèi)用0.00

11、0.00其它長(zhǎng)期資產(chǎn)0.000.00無(wú)形資產(chǎn)及其它資產(chǎn)合計(jì)68,832,344.0070,298,080.00資產(chǎn)總計(jì)8,262,779,904.007,261,734,912.00短期借款0.000.00應(yīng)付票據(jù)0.000.00應(yīng)付帳款49,607,112.00274,372,576.00預(yù)收帳款800,467,456.00584,725,440.00代銷商品款0.000.00應(yīng)付工資87,660,160.0089,692,680.00應(yīng)付福利費(fèi)128,496,680.0098,152,824.00應(yīng)付股利0.0015,606,000.00應(yīng)交稅金1,049,534,848.00729,95

12、7,696.00其他應(yīng)交款76,190,040.0056,757,664.00其他應(yīng)付款42,176,688.0067,870,160.00預(yù)提費(fèi)用254,000.000.00一年內(nèi)到期的長(zhǎng)期負(fù)債0.000.00其他流動(dòng)負(fù)債0.000.00流動(dòng)負(fù)債合計(jì)2,234,386,944.001,917,134,976.00長(zhǎng)期借款0.000.00應(yīng)付債券0.000.00長(zhǎng)期應(yīng)付款2,500,000.0022,500,000.00住房周轉(zhuǎn)金0.000.00其他長(zhǎng)期負(fù)債0.000.00長(zhǎng)期負(fù)債合計(jì)2,500,000.0022,500,000.00遞延稅款貸項(xiàng)0.000.00負(fù)債合計(jì)2,236,887,04

13、0.001,939,635,072.00少數(shù)股東權(quán)益15,862,755.0015,044,502.00股本1,355,702,400.001,129,752,064.00資本公積金1,224,343,936.001,450,294,400.00盈余公積金939,688,256.00719,760,704.00其中公益金271,140,480.00239,920,240.00未分配利潤(rùn)2,490,295,296.002,007,248,384.00股東權(quán)益合計(jì)6,010,030,080.005,307,055,616.00負(fù)債和股東權(quán)益合計(jì)8,262,779,904.007,261,734,9

14、12.002002、220033年度利利潤(rùn)及利利潤(rùn)分配配表（金金額單位位：元）項(xiàng)目2003年年2002年年一、主營(yíng)業(yè)業(yè)務(wù)收入入6,3333,0990,8816.005,7066,5117,5504.00減：折折扣與折折讓0.000.00主營(yíng)業(yè)務(wù)收收入凈額額6,3333,0990,8816.005,7066,5117,5504.00減：主主營(yíng)業(yè)務(wù)務(wù)成本3,4855,5112,9960.003,2000,5444,0000.00主營(yíng)業(yè)務(wù)稅稅金及附附加676,3350,4000.000771,7795,7766.000二、主營(yíng)業(yè)業(yè)務(wù)利潤(rùn)潤(rùn)2,1711,2227,1136.001,7344,1777,

15、5536.00加：其其它業(yè)務(wù)務(wù)利潤(rùn)3,7033,9223.0003,8322,9113.225減：存存貨跌價(jià)價(jià)損失0.000.00營(yíng)業(yè)費(fèi)用693,1133,0566.000490,5557,8566.000管理費(fèi)用415,1151,7766.000401,0004,0000.000財(cái)務(wù)費(fèi)用-28,3358,7088.000-26,6693,8088.000銷售費(fèi)用三、營(yíng)業(yè)利利潤(rùn)1,0955,0005,0056.00873,1142,4000.000加：投資收收益-554,4255.199178,9932.41補(bǔ)貼收入0.000.00營(yíng)業(yè)外收入入2,0299,5778.7751,0722,111

16、2.888減：營(yíng)營(yíng)業(yè)外支支出9,2399,5440.0005,3233,1223.000四、利潤(rùn)總總額1,0877,2440,7704.00869,0070,3366.000減：所所得稅383,4447,9366.000250,0085,6800.000減：少少數(shù)股東東損益818,2253.005,7500,0330.000加：財(cái)財(cái)政返還還（含所所得稅返返還）五、凈利潤(rùn)潤(rùn)702,9974,4644.000613,2234,6244.000加：年年初未分分配利潤(rùn)潤(rùn)2,0077,2448,3384.001,6677,8114,4400.00盈余公積金金轉(zhuǎn)入0.000.00六、可供分分配的利利潤(rùn)2,

17、7100,2222,8848.002,2811,0449,0088.00減：提提取法定定公積金金146,6618,3522.000124,5597,7600.000提取法定公公益金73,3009,1176.0062,2998,8880.00七、可供股股東分配配的利潤(rùn)潤(rùn)2,4900,2995,2296.002,0944,1552,4448.00減：應(yīng)應(yīng)付優(yōu)先先股股利利0.000.00提取任意盈盈余公積積提取任意公公積0.000.00應(yīng)付普通股股股利0.000.00轉(zhuǎn)作股本的的普通股股股利0.0086,9004,0000.002002、220033年度現(xiàn)現(xiàn)金流量量表（金金額單位位：元）項(xiàng)目2003

18、年2002年銷售商品、提供勞務(wù)收到的現(xiàn)金7,601,920,000.006,083,365,376.00收到的租金0.000.00收到的增值稅銷項(xiàng)稅額和退回的增值稅款0.000.00收到的增值稅銷項(xiàng)稅額和退回的增值稅款0.0034,386,760.00收到的其他與經(jīng)營(yíng)活動(dòng)有關(guān)的現(xiàn)金47,859,092.0076,771,920.00現(xiàn)金流入小計(jì)7,649,779,200.006,194,524,160.00購(gòu)買商品、接受勞務(wù)支付的現(xiàn)金4,046,294,272.003,043,769,600.00經(jīng)營(yíng)租賃所支付的現(xiàn)金0.000.00支付給職工以及為職工支付的現(xiàn)金313,077,088.0020

19、4,368,272.00支付的增值稅款0.000.00支付的所得稅款0.000.00支付的除增值稅、所得稅以外的其他稅費(fèi)1,251,349,376.001,241,805,440.00支付的其他與經(jīng)營(yíng)活動(dòng)有關(guān)的現(xiàn)金994,399,168.00651,290,048.00現(xiàn)金流出小計(jì)6,605,120,000.005,141,233,152.00經(jīng)營(yíng)活動(dòng)產(chǎn)生的現(xiàn)金流量?jī)纛~1,044,659,264.001,053,290,688.00收回投資所收到的現(xiàn)金4,172,322.2516,056,985.00分得股利或利潤(rùn)所收到的現(xiàn)金0.000.00取得債券利息收入所收到的現(xiàn)金0.000.00處置固定

20、資產(chǎn)、無(wú)形資產(chǎn)和其他長(zhǎng)期資產(chǎn)而收到的現(xiàn)金凈額6,970,504.0027,193,336.00收到其他與投資活動(dòng)有關(guān)的現(xiàn)金0.000.00現(xiàn)金流入小計(jì)11,142,826.0043,250,320.00購(gòu)建固定資產(chǎn)、無(wú)形資產(chǎn)和其他長(zhǎng)期資產(chǎn)所支付的現(xiàn)金1,370,836,992.001,276,551,296.00權(quán)益性投資所支付的現(xiàn)金0.006,519,630.00債權(quán)性投資所支付的現(xiàn)金0.000.00支付的其他與投資活動(dòng)有關(guān)的現(xiàn)金0.000.00現(xiàn)金流出小計(jì)1,370,836,992.001,283,070,976.00投資活動(dòng)產(chǎn)生的現(xiàn)金流量?jī)纛~-1,359,694,208.00-1,239

21、,820,672.00吸收權(quán)益性投資所收到的現(xiàn)金0.00800,000.00發(fā)行債券所收到的現(xiàn)金0.000.00借款所收到的現(xiàn)金0.000.00收到其他與籌資活動(dòng)有關(guān)的現(xiàn)金0.000.00現(xiàn)金流入小計(jì)0.00800,000.00償還債務(wù)所支付的現(xiàn)金0.000.00發(fā)生籌資費(fèi)用所支付的現(xiàn)金0.000.00分配股利或利潤(rùn)所支付的現(xiàn)金15,606,000.006,120,000.00償付利息所支付的現(xiàn)金0.000.00融資租賃所支付的現(xiàn)金0.000.00減少注冊(cè)資本所支付的現(xiàn)金0.000.00支付的其他與籌資活動(dòng)有關(guān)的現(xiàn)金0.000.00現(xiàn)金流出小計(jì)15,606,000.006,120,000.00

22、籌資活動(dòng)產(chǎn)生的現(xiàn)金流量?jī)纛~-15,606,000.00-5,320,000.00匯率變動(dòng)對(duì)現(xiàn)金的影響額0.000.00現(xiàn)金及現(xiàn)金等價(jià)物凈增加額-330,640,960.00-191,849,888.00以固定資產(chǎn)償還債務(wù)0.000.00以投資償還債務(wù)0.000.00以固定資產(chǎn)進(jìn)長(zhǎng)期投資0.000.00以存貨償還債務(wù)0.000.00融資租入固定資產(chǎn)0.000.00凈利潤(rùn)702,974,464.00613,234,624.00少數(shù)股東權(quán)益加：計(jì)提的壞帳準(zhǔn)備或轉(zhuǎn)銷的壞帳3,724,733.757,020,014.50固定資產(chǎn)折舊275,750,624.00233,663,776.00無(wú)形資產(chǎn)攤銷處置

23、固定資產(chǎn)、無(wú)形資產(chǎn)和其他長(zhǎng)期資產(chǎn)的損失（減：收益）3,395,525.00925,739.38固定資產(chǎn)報(bào)廢損失5,443,986.504,369,433.50財(cái)務(wù)費(fèi)用0.000.00投資損失（減：收益）324,425.16282,860.50遞延稅款貸項(xiàng)（減：借項(xiàng)）0.000.00存貨的減少（減：增加）-120,007,520.00345,759,776.00經(jīng)營(yíng)性應(yīng)收項(xiàng)目的減少（減：增加）-315,522,432.00-193,149,744.00經(jīng)營(yíng)性應(yīng)付項(xiàng)目的增加（減：減少）485,208,992.0037,445,916.00增值稅增加凈額（減：減少）0.000.00其他0.00-53

24、,964.45經(jīng)營(yíng)活動(dòng)產(chǎn)生的現(xiàn)金流量?jī)纛~1,044,659,264.001,053,290,688.00現(xiàn)金的期末余額1,005,084,928.001,335,725,824.00減：現(xiàn)金的期初余額1,335,725,824.001,527,575,808.00加：現(xiàn)金等價(jià)物的期末余額0.000.00減：現(xiàn)金等價(jià)物的期初余額0.000.00現(xiàn)金及現(xiàn)金等價(jià)物凈增加額-330,640,960.00-191,849,888.00（七）WLLY公司司20000-20003年度度主要財(cái)財(cái)務(wù)指標(biāo)標(biāo)（金額額單位：萬(wàn)元）1資產(chǎn)負(fù)負(fù)債表主主要指標(biāo)標(biāo)會(huì)計(jì)年度03-122-31102-122-31101-122-

25、31100-122-311100,5508.49133,5572.59152,7757.57170,8879.00短期投資143.110592.7781,6222.333837.000應(yīng)收帳款凈凈額2,5522.21292.77041,6555.7743,8444.000存貨109,2252.2795,8770.993130,8872.7497,2115.000流動(dòng)資產(chǎn)合合計(jì)267,5522.28274,0095.85312,9933.45293,5510.00固定資產(chǎn)凈凈值489,6682.88360,2247.32307,4465.80122,0062.00長(zhǎng)期投資342.666365.6

26、66365.666581.000總資產(chǎn)826,2277.96726,1173.50668,7786.82460,0092.00流動(dòng)負(fù)債223,4438.69191,7713.50196,3312.50138,6620.00長(zhǎng)期負(fù)債2,50.002,2500.0002,2500.0002,3500.000資本公積金金122,4434.39145,0029.43162,4403.13104,2201.00未分配利潤(rùn)潤(rùn)249,0029.53200,7724.84166,7781.44135,6661.00股東權(quán)益601,0002.99530,7705.55469,3374.97318,8861.00

27、2利潤(rùn)表表主要指指標(biāo)會(huì)計(jì)年度2003-12-312002-12-312001-12-312000-12-31主營(yíng)業(yè)務(wù)收收入633,3309.06570,6651.74474,2209.53395,3364.00主營(yíng)業(yè)務(wù)利利潤(rùn)217,1122.06173,4417.76164,1120.0358,7557.000利潤(rùn)總額108,7724.0686,9007.00493,3009.222100,7710.00凈利潤(rùn)70,2997.4461,3223.44681,1440.77876,8111.000營(yíng)業(yè)成本348,5551.29320,0054.41264,3392.79193,0079.00銷售

28、費(fèi)用69,3113.3049,0555.77934,5446.55358,7557.000管理費(fèi)用41,5115.1740,1000.44040,0119.77223,2338.000財(cái)務(wù)費(fèi)用（利利息）-2,8335.87-2,6669.338-2,5442.009-1,4335.000其他業(yè)務(wù)利利潤(rùn)370.339383.229218.667300.000投資收益-55.44417.8991,2355.000237.000營(yíng)業(yè)外收支支凈額-721.00-425.10-240.32-99.0003現(xiàn)金流流量表主主要指標(biāo)標(biāo)會(huì)計(jì)年度03-122-31102-122-31101-122-31100-1

29、22-311經(jīng)營(yíng)活動(dòng)現(xiàn)現(xiàn)金流量量?jī)纛~104,4465.92105,3329.07107,3318.79129,4499.58投資活動(dòng)現(xiàn)現(xiàn)金流量量?jī)纛~-135,9699.41-123,9822.066-181,7400.011-51,7749.31籌資活動(dòng)現(xiàn)現(xiàn)金流量量?jī)纛~-1,5660.60-532.0056,2999.4430.00匯率變動(dòng)對(duì)對(duì)現(xiàn)金的的影響額額0.000.000.00現(xiàn)金及現(xiàn)金金等價(jià)物物凈增加加額-33,0064.09-19,1184.99-18,1121.7877,7550.227（八）20000-20002年度度主要財(cái)財(cái)務(wù)比率率指標(biāo)會(huì)計(jì)年度02-122-31101-122-

30、31100-122-311總資產(chǎn)報(bào)酬酬率(%)12.33316.53323.644資產(chǎn)周轉(zhuǎn)率率0.810.840.93流動(dòng)比率1.431.592.12速動(dòng)比率0.930.931.42負(fù)債比率(%)26.71129.69930.644應(yīng)收帳款周周轉(zhuǎn)率281.33320.84434.266存貨周轉(zhuǎn)率率3.382.322.41每股收益(元)0.540.931.60每股凈資產(chǎn)產(chǎn)(元)4.705.406.64凈資產(chǎn)收益益率(%)11.56617.29924.099（九）20003年年度同行行業(yè)部分分財(cái)務(wù)比比率指標(biāo)標(biāo)：財(cái)務(wù)指標(biāo)同行業(yè)平均均負(fù)債比率率29.855%流動(dòng)比率率1.85%速動(dòng)比率率1.43%現(xiàn)金

31、比率率0.9%利息保障障倍數(shù)（倍倍）27.599銷售收入入增長(zhǎng)率率29.933%應(yīng)收帳款款周轉(zhuǎn)率率（次）14.466存貨周轉(zhuǎn)轉(zhuǎn)率（次次）4.27流動(dòng)資產(chǎn)產(chǎn)周轉(zhuǎn)率率1.7%總資產(chǎn)周周轉(zhuǎn)率0.81%凈資產(chǎn)增增長(zhǎng)率71.755%毛利率33.588%主營(yíng)業(yè)務(wù)務(wù)利潤(rùn)率率11.088%銷售凈利利潤(rùn)率10.233%凈利潤(rùn)增增長(zhǎng)率-4.299%凈資產(chǎn)收收益率8.57%（十）其他他資料120001年3月實(shí)施施完成的的20000年度度配股募募集資金金總額為為78,0000萬(wàn)元，其其中：貨貨幣資金622,6555萬(wàn)元元，資產(chǎn)產(chǎn)認(rèn)配115,3344萬(wàn)萬(wàn)元，扣扣除發(fā)行行費(fèi)用11,3442萬(wàn)元元后，實(shí)實(shí)際募集資金為776,6657萬(wàn)萬(wàn)元。配配股資金金于20001年年3月8日全部部到位。配配股所募募資金于于20001年3月8日到位位后，公公司及時(shí)時(shí)投入配配股說(shuō)明明書承諾諾的項(xiàng)目目有釀酒酒工業(yè)廢廢糟綜合合利用環(huán)環(huán)保工程程、青梅梅果酒技技改工程程等九個(gè)個(gè)工程，計(jì)計(jì)劃投資資額522,4000萬(wàn)元元，實(shí)際際投資550,9991萬(wàn)萬(wàn)元。2假設(shè)WWLY公公司股東東要求未未來(lái)的年年投資報(bào)報(bào)酬率達(dá)達(dá)到155%，下下列