个股档案

☆财务分析☆ ◇600050 中国联通 更新日期：2009-11-06◇ 港澳资讯 灵通V5.0
★本栏包括【1.财务指标】【2.异动分析】【3.环比分析】
【1.财务指标】
【主要财务指标】
┌─────────┬─────┬─────┬─────┬─────┐
｜指标\日期         ｜2009-09-30｜2008-12-31｜2007-12-31｜2006-12-31｜
├─────────┼─────┼─────┼─────┼─────┤
｜净利润(万元)      ｜ 309511.59｜1974141.28｜ 942610.92｜ 211429.77｜
｜净利润增长率(%)   ｜    -24.73｜    109.43｜    345.83｜    -25.61｜
｜净资产收益率(%)   ｜      4.40｜     28.10｜     11.20｜      4.40｜
｜资产负债比率 (%)  ｜     43.01｜     39.78｜     46.14｜     46.75｜
｜净利润现金含量(%) ｜     30.67｜    -13.89｜    -83.65｜    318.45｜
└———──────┴─────┴─────┴─────┴─────┘
指标含义：
净资产收益率：高/低表明公司盈利能力强/弱。
该指标的最近一期行业平均值：4.40%

净利润增长率：高/低表明公司增长能力强/弱，前景好/差。
该指标的最近一期行业平均值：-24.73%

资产负债比率：高/低表明公司负债多/少，偿债压力大/小。
该指标的最近一期行业平均值：43.01%

净利润现金含量：高/低表明公司收益质量良好/差，现金流动性强/弱。
该指标的最近一期行业平均值：30.67%

【资产与负债】
┌─────────┬─────┬─────┬─────┬─────┐
｜财务指标(单位)    ｜2009-09-30｜2008-12-31｜2007-12-31｜2006-12-31｜
├─────────┼─────┼─────┼─────┼─────┤
｜资产总额(万元)    ｜37008604.1｜35184714.3｜33571582.8｜14195223.3｜
｜                  ｜         9｜         5｜         7｜         4｜
｜负债总额(万元)    ｜15918901.2｜14173580.5｜15490169.6｜6636945.21｜
｜                  ｜         4｜         1｜         9｜          ｜
｜流动负债(万元)    ｜14679680.9｜12861940.2｜12360127.6｜5188904.49｜
｜                  ｜         8｜         8｜         2｜          ｜
｜长期负债(万元)    ｜         -｜         -｜         -｜         -｜
｜货币资金(万元)    ｜1155200.50｜1058391.56｜1272683.79｜1244909.40｜
｜应收帐款(万元)    ｜1085617.89｜ 989205.72｜1184265.75｜ 351607.45｜
｜其他应收款(万元)  ｜ 735445.61｜1574645.74｜ 275983.87｜  83436.12｜
｜坏帐准备(万元)    ｜         -｜         -｜         -｜         -｜
｜股东权益(万元)    ｜7106427.75｜7031757.97｜8394339.36｜4758866.12｜
｜资产负债率(%)     ｜   43.0140｜   39.7769｜   46.1407｜   46.7547｜
｜股东权益比率(%)   ｜   19.2020｜   20.2622｜   25.0043｜   33.5244｜
｜流动比率(%)       ｜    0.2296｜    0.2891｜    0.2607｜    0.3990｜
｜速动比率(%)       ｜    0.2206｜    0.2798｜    0.2380｜    0.3532｜
└———──────┴─────┴─────┴─────┴─────┘

【现金流量】
┌─────────┬─────┬─────┬─────┬─────┐
｜财务指标(单位)    ｜2009-09-30｜2008-12-31｜2007-12-31｜2006-12-31｜
├─────────┼─────┼─────┼─────┼─────┤
｜销售商品收到的现金｜10765026.8｜13764769.9｜13883475.4｜8920962.98｜
｜(万元)            ｜         4｜         3｜         2｜          ｜
｜经营活动现金净流量｜4721046.88｜6007510.32｜6984197.51｜3710574.22｜
｜(万元)            ｜          ｜          ｜          ｜          ｜
｜现金净流量(万元)  ｜  94929.47｜-274261.95｜-788521.46｜ 673290.03｜
｜经营活动现金净流量｜    106.56｜    -13.98｜     88.22｜     14.18｜
｜增长率(%)         ｜          ｜          ｜          ｜          ｜
｜销售商品收到现金与｜     91.06｜     90.10｜     90.13｜     92.39｜
｜主营收入比(%)     ｜          ｜          ｜          ｜          ｜
｜经营活动现金流量与｜   1525.32｜    304.31｜    740.94｜   1754.99｜
｜净利润比(%)       ｜          ｜          ｜          ｜          ｜
｜现金净流量与净利润｜     30.67｜    -13.89｜    -83.65｜    318.45｜
｜比(%)             ｜          ｜          ｜          ｜          ｜
｜投资活动的现金净流｜-6073791.5｜-2475471.6｜-4428531.8｜-1733287.8｜
｜量(万元)          ｜         3｜         0｜         1｜         3｜
｜筹资活动的现金净流｜1447674.13｜-3806300.6｜-3344187.1｜-1303996.3｜
｜量(万元)          ｜          ｜         7｜         7｜         6｜
└———──────┴─────┴─────┴─────┴─────┘

【利润构成与盈利能力】
┌─────────┬─────┬─────┬─────┬─────┐
｜财务指标(单位)    ｜2009-09-30｜2008-12-31｜2007-12-31｜2006-12-31｜
├─────────┼─────┼─────┼─────┼─────┤
｜主营业务收入(万元)｜11821840.6｜15276426.3｜15404468.8｜9655634.44｜
｜                  ｜         6｜         9｜         5｜          ｜
｜主营业务利润(万元)｜         -｜         -｜         -｜         -｜
｜经营费用(万元)    ｜1483538.07｜1707877.28｜1672811.63｜1801077.99｜
｜管理费用(万元)    ｜ 996218.13｜1255825.75｜1154784.00｜ 573600.26｜
｜财务费用(万元)    ｜  52311.53｜ 216928.71｜ 299903.38｜  99813.25｜
｜三项费用增长率(%) ｜    126.02｜      1.70｜     26.39｜    -10.05｜
｜营业利润(万元)    ｜1183740.61｜ 541278.42｜2175161.15｜ 617508.66｜
｜投资收益(万元)    ｜   -241.37｜         -｜         -｜         -｜
｜补贴收入(万元)    ｜         -｜         -｜         -｜         -｜
｜营业外收支净额(万 ｜  34186.26｜ 206946.33｜ 482447.13｜ -14125.09｜
｜元)               ｜          ｜          ｜          ｜          ｜
｜利润总额(万元)    ｜1217926.87｜ 748224.75｜2657608.29｜ 603383.57｜
｜所得税(万元)      ｜ 294895.54｜ 170184.49｜ 722726.82｜ 266847.88｜
｜净利润(万元)      ｜ 309511.59｜1974141.28｜ 942610.92｜ 211429.77｜
｜销售毛利率(%)     ｜     35.07｜     37.03｜     38.95｜     38.77｜
｜主营业务利润率(%) ｜         -｜         -｜         -｜         -｜
｜净资产收益率(%)   ｜      4.40｜     28.10｜     11.20｜      4.40｜
└———──────┴─────┴─────┴─────┴─────┘

【历年简要财务指标】
┌─────────┬─────┬─────┬─────┬─────┐
｜财务指标(单位)    ｜2009-09-30｜2009-06-30｜2009-03-31｜2008-12-31｜
├─────────┼─────┼─────┼─────┼─────┤
｜每股收益(元)      ｜    0.1460｜    0.1030｜    0.0550｜    0.9310｜
｜每股收益扣除(元)  ｜    0.1290｜    0.0970｜    0.0540｜    0.0650｜
｜每股净资产(元)    ｜    3.3500｜    3.3100｜    3.3300｜    3.3200｜
｜调整后每股净资产( ｜         -｜         -｜         -｜         -｜
｜元)               ｜          ｜          ｜          ｜          ｜
｜净资产收益率(%)   ｜    4.4000｜    3.1000｜    1.6600｜   28.1000｜
｜每股资本公积金(元)｜    1.1888｜    1.1889｜    1.1854｜    1.1456｜
｜每股未分配利润(元)｜    1.1458｜    1.1029｜    1.1222｜    1.1539｜
｜主营业务收入(万元)｜11821840.6｜7849236.82｜3899916.58｜15276426.3｜
｜                  ｜         6｜          ｜          ｜         9｜
｜主营业务利润(万元)｜         -｜         -｜         -｜         -｜
｜投资收益(万元)    ｜   -241.37｜         -｜         -｜         -｜
｜净利润(万元)      ｜ 309511.59｜ 218524.87｜ 116991.09｜1974141.28｜
└———──────┴─────┴─────┴─────┴─────┘

┌─────────┬─────┬─────┬─────┬─────┐
｜财务指标(单位)    ｜2008-09-30｜2008-06-30｜2008-03-31｜2007-12-31｜
├─────────┼─────┼─────┼─────┼─────┤
｜每股收益(元)      ｜    0.1940｜    0.1237｜    0.0570｜    0.4450｜
｜每股收益扣除(元)  ｜    0.1940｜    0.1246｜    0.0570｜    0.2030｜
｜每股净资产(元)    ｜    2.7000｜    2.6300｜    2.6260｜    3.9600｜
｜调整后每股净资产( ｜         -｜         -｜         -｜         -｜
｜元)               ｜          ｜          ｜          ｜          ｜
｜净资产收益率(%)   ｜    7.2000｜    4.7100｜    2.2000｜   11.2000｜
｜每股资本公积金(元)｜    0.9517｜    0.9515｜    0.9513｜    2.2595｜
｜每股未分配利润(元)｜    0.7327｜    0.6624｜    0.6529｜    0.6797｜
｜主营业务收入(万元)｜5367446.37｜3593811.30｜2595038.44｜15404468.8｜
｜                  ｜          ｜          ｜          ｜         5｜
｜主营业务利润(万元)｜         -｜         -｜         -｜         -｜
｜投资收益(万元)    ｜         -｜      3.83｜         -｜         -｜
｜净利润(万元)      ｜ 411203.19｜ 510833.30｜ 120891.37｜ 942610.92｜
└———──────┴─────┴─────┴─────┴─────┘

【每股指标】
┌─────────┬─────┬─────┬─────┬─────┐
｜财务指标(单位)    ｜2009-09-30｜2008-12-31｜2007-12-31｜2006-12-31｜
├─────────┼─────┼─────┼─────┼─────┤
｜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)      ｜    0.1460｜    0.9310｜    0.4450｜    0.1000｜
｜每股收益扣除(元)  ｜    0.1290｜    0.0650｜    0.2030｜    0.1730｜
｜每股净资产(元)    ｜    3.3500｜    3.3200｜    3.9600｜    2.2500｜
｜每股资本公积金(元)｜    1.1888｜    1.1456｜    2.2595｜    0.8234｜
｜每股未分配利润(元)｜    1.1458｜    1.1539｜    0.6797｜    0.4066｜
｜每股经营活动现金流｜    2.2300｜    2.8341｜    3.2949｜    1.7505｜
｜量(元)            ｜          ｜          ｜          ｜          ｜
｜每股现金流量(元)  ｜    0.0447｜   -0.1293｜   -0.3720｜    0.3176｜
└———──────┴─────┴─────┴─────┴─────┘

【经营与发展能力】
┌─────────┬─────┬─────┬─────┬─────┐
｜财务指标(单位)    ｜2009-09-30｜2008-12-31｜2007-12-31｜2006-12-31｜
├─────────┼─────┼─────┼─────┼─────┤
｜存货周转率(%)     ｜     63.63｜     48.27｜     36.25｜     26.38｜
｜应收账款周转率(%) ｜     11.40｜     14.44｜     20.06｜     23.74｜
｜总资产周转率(%)   ｜      0.33｜      0.45｜      0.64｜      0.69｜
｜主营业务收入增长率｜    120.25｜     -0.83｜     59.54｜     26.87｜
｜(%)               ｜          ｜          ｜          ｜          ｜
｜营业利润增长率(%) ｜     59.63｜    -75.12｜    252.25｜     -7.32｜
｜税后利润增长率(%) ｜    -24.73｜    109.43｜    345.83｜    -25.61｜
｜净资产增长率(%)   ｜     24.36｜    -16.23｜     76.39｜      0.01｜
｜总资产增长率(%)   ｜    159.73｜      3.37｜    136.50｜      2.60｜
└———──────┴─────┴─────┴─────┴─────┘

【2.异动分析】
┌──────────┬───────┬───────┬──────┐
｜   财务指标(单位)   ｜  2009-09-30  ｜  2008-09-30  ｜变动幅度(%) ｜
├──────────┼───────┼───────┼──────┤
｜货币资金(万元)      ｜    1155200.50｜     405904.34｜      184.60｜
｜应收账款(万元)      ｜    1085617.89｜     261626.60｜      314.95｜
｜其他应收款(万元)    ｜     735445.61｜      85761.85｜      757.54｜
｜预付账款(万元)      ｜     163083.43｜      96825.28｜       68.43｜
｜存货(万元)          ｜     132069.46｜      82768.89｜       59.56｜
｜流动资产合计(万元)  ｜    3371849.86｜     936127.70｜      260.19｜
｜固定资产净额(万元)  ｜   25812970.83｜    9128429.23｜      182.78｜
｜工程物资(万元)      ｜     431800.25｜     232946.29｜       85.36｜
｜在建工程(万元)      ｜    4337593.24｜    1661838.01｜      161.01｜
｜无形资产(万元)      ｜    1861999.39｜     690591.55｜      169.62｜
｜长期待摊费用(万元)  ｜     708517.93｜     303608.79｜      133.37｜
｜递延税款借项(万元)  ｜     465582.90｜      82027.74｜      467.59｜
｜资产总计(万元)      ｜   37008604.19｜   14248874.75｜      159.73｜
｜应付票据(万元)      ｜      81250.61｜       4398.67｜     1747.16｜
｜应付账款(万元)      ｜    7291000.43｜    2390787.09｜      204.96｜
｜预收账款(万元)      ｜    1085617.89｜     261626.60｜      314.95｜
｜应付工资(万元)      ｜     485512.39｜      66240.84｜      632.95｜
｜其他应付款(万元)    ｜     753127.90｜     403188.93｜       86.79｜
｜一年内到期的长期负债｜      50727.16｜     136382.93｜      -62.81｜
｜(万元)              ｜              ｜              ｜            ｜
｜流动负债合计(万元)  ｜   14679680.98｜    3822502.31｜      284.03｜
｜长期应付款(万元)    ｜     131950.32｜        257.53｜    51137.21｜
｜其他长期负债(万元)  ｜             -｜      42621.70｜     -100.00｜
｜递延税款贷项(万元)  ｜      27227.55｜        510.88｜     5229.50｜
｜负债合计(万元)      ｜   15918901.24｜    4480613.61｜      255.28｜
｜少数股东权益(万元   ｜   13983275.20｜    4054066.37｜      244.92｜
｜盈余公积(万元)      ｜      40011.05｜      24169.81｜       65.54｜
｜未分配利润(万元)    ｜    2428712.68｜    1553030.73｜       56.39｜
｜负债和股东权益总计( ｜   37008604.19｜   14248874.75｜      159.73｜
｜万元)               ｜              ｜              ｜            ｜
｜主营业务收入(万元)  ｜   11821840.66｜    5367446.37｜      120.25｜
｜减:主营业务成本(万元｜    7676152.27｜    3251373.11｜      136.09｜
｜)                   ｜              ｜              ｜            ｜
｜减：主营业务税金及附｜     333818.01｜     142505.20｜      134.25｜
｜加(万元)            ｜              ｜              ｜            ｜
｜减:营业费用(万元)   ｜    1483538.07｜     796616.06｜       86.23｜
｜减:管理费用(万元)   ｜     996218.13｜     346732.88｜      187.32｜
｜减:财务费用(万元)   ｜      52311.53｜     -23046.86｜      326.98｜
｜营业利润(万元)      ｜    1183740.61｜     741551.35｜       59.63｜
｜加:营业外收入(万元) ｜      48134.25｜      10492.81｜      358.74｜
｜利润总额(万元)      ｜    1217926.87｜     740995.39｜       64.36｜
｜减:少数股东损益(万元｜     613519.74｜     293303.18｜      109.18｜
｜)                   ｜              ｜              ｜            ｜
｜销售商品、提供劳务收｜   10765026.84｜    4629540.21｜      132.53｜
｜到的现金(万元)      ｜              ｜              ｜            ｜
｜收到的税费返还(万元)｜        508.14｜     146691.23｜      -99.65｜
｜收到其他与经营活动有｜      17315.01｜       1144.35｜     1413.08｜
｜关现金(万元)        ｜              ｜              ｜            ｜
｜(经营)现金流入小计( ｜   10782849.99｜    4777375.79｜      125.71｜
｜万元)               ｜              ｜              ｜            ｜
｜购买商品、接受劳务支｜    3689797.69｜    1752016.85｜      110.60｜
｜付的现金(万元)      ｜              ｜              ｜            ｜
｜支付给职工以及为职工｜    1563039.48｜     417154.06｜      274.69｜
｜支付的现金(万元)    ｜              ｜              ｜            ｜
｜支付的各项税费(万元)｜     808965.94｜     387204.83｜      108.92｜
｜(经营)现金流出小计( ｜    6061803.11｜    2556375.75｜      137.12｜
｜万元)               ｜              ｜              ｜            ｜
｜经营活动产生的现金现｜    4721046.88｜    2285540.02｜      106.56｜
｜金流量净额(万元)    ｜              ｜              ｜            ｜
｜处置固定资产、无形资｜      23320.52｜       7606.90｜      206.57｜
｜产和其他长期资产收回｜              ｜              ｜            ｜
｜的现金净额(万元)    ｜              ｜              ｜            ｜
｜收到其他与投资活动有｜      15272.59｜      75966.24｜      -79.90｜
｜关现金(万元)        ｜              ｜              ｜            ｜
｜投资现金流入小计(万 ｜      45826.12｜      95429.62｜      -51.98｜
｜元)                 ｜              ｜              ｜            ｜
｜购建固定资产、无形资｜    5209136.27｜    1698493.09｜      206.69｜
｜产、其他长期资产投资｜              ｜              ｜            ｜
｜所支付的现金(万元)  ｜              ｜              ｜            ｜
｜(投资)现金流出小计( ｜    5615697.83｜    1725613.09｜      225.43｜
｜万元)               ｜              ｜              ｜            ｜
｜投资活动产生的现金流｜   -6073791.53｜   -1631404.74｜     -272.30｜
｜量净额(万元)        ｜              ｜              ｜            ｜
｜吸收投资所收到的现金｜             -｜      21296.63｜     -100.00｜
｜(万元)              ｜              ｜              ｜            ｜
｜再其中：子公司吸收少｜             -｜      21296.63｜     -100.00｜
｜数股东权益性投资所收｜              ｜              ｜            ｜
｜到的现金(万元)      ｜              ｜              ｜            ｜
｜(筹资)现金流入小计( ｜    4536440.14｜      21296.63｜    21201.21｜
｜万元)               ｜              ｜              ｜            ｜
｜偿还债务所支付现金( ｜    2524534.70｜     224591.47｜     1024.06｜
｜万元)               ｜              ｜              ｜            ｜
｜分配股利利润或偿付利｜     564231.32｜     271089.25｜      108.13｜
｜息所支付的现金(万元)｜              ｜              ｜            ｜
｜(筹资)现金流出小计( ｜    3088766.02｜     495680.72｜      523.14｜
｜万元)               ｜              ｜              ｜            ｜
｜筹资活动产生的现金流｜    1447674.13｜    -474387.85｜      405.17｜
｜量净额(万元)        ｜              ｜              ｜            ｜
｜减:现金期初余额(万元｜    1024725.33｜     668717.80｜       53.24｜
｜)                   ｜              ｜              ｜            ｜
└──────────┴───────┴───────┴──────┘

【3.环比分析】
┌───────────────────────────────────┐
｜                               2008年度                               ｜
├────┬───────┬───────┬──────┬───────┤
｜        ｜主营收入(万元)｜占年度比重(％)｜净利润(万元)｜占年度比重(％)｜
├────┼───────┼───────┼──────┼───────┤
｜ 一季度 ｜    2595038.44｜         16.99｜   120891.37｜          6.12｜
｜ 二季度 ｜    5770433.30｜         37.77｜   389941.92｜         19.75｜
｜ 三季度 ｜   -2998025.36｜        -19.63｜   -99630.10｜         -5.05｜
｜ 四季度 ｜    9908980.02｜         64.86｜  1562938.09｜         79.17｜
└────┴───────┴───────┴──────┴───────┘
┌───────────────────────────────────┐
｜                               2007年度                               ｜
├────┬───────┬───────┬──────┬───────┤
｜        ｜主营收入(万元)｜占年度比重(％)｜净利润(万元)｜占年度比重(％)｜
├────┼───────┼───────┼──────┼───────┤
｜ 一季度 ｜    2447463.48｜         15.89｜   119226.66｜         12.65｜
｜ 二季度 ｜     979625.26｜          6.36｜    13506.70｜          1.43｜
｜ 三季度 ｜    1741336.10｜         11.30｜   187399.64｜         19.88｜
｜ 四季度 ｜   10236044.01｜         66.45｜   622477.92｜         66.04｜
└────┴───────┴───────┴──────┴───────┘