DuPont
Current | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014H2 | ||
中集安瑞科 | 3899.hk | ||||||||||||
Price | 6 | 5.97 | |||||||||||
PE | 9.14 | 318.70 | 167.87 | 119.52 | 97.03 | 20.88 | 57.75 | 41.65 | 20.18 | 15.18 | 11.86 | 11.27 | |
P/B | 2.32 | 214.54 | 28.46 | 22.82 | 17.86 | 4.90 | 4.49 | 4.12 | 3.45 | 2.85 | 2.32 | 1.90 | |
MarketCap(thousand) | 11,534,000 | 11,591,960 | |||||||||||
1) Turnover | 252,376 | 513,014 | 769,952 | 940,991 | 5,785,542 | 3,057,466 | 3,998,617 | 6,828,964 | 8,082,895 | 9,981,462 | 11,197,670 | ||
2) Profit before tax & extra | 40,379 | 70,588 | 101,791 | 124,171 | 656,122 | 234,645 | 366,001 | 726,334 | 927,138 | 1,182,982 | 1,181,931 | ||
3) Net profit to Com stock | 36,191 | 68,706 | 96,504 | 118,876 | 552,313 | 199,731 | 276,901 | 571,509 | 759,863 | 972,521 | 1,023,330 | ||
4) Com stock Equity | 53,761 | 405,258 | 505,524 | 645,845 | 2,351,955 | 2,566,165 | 2,799,805 | 3,341,132 | 4,051,913 | 4,974,599 | 6,070,339 | ||
5) Total Assets | 319,787 | 722,957 | 906,193 | 1,060,915 | 4,397,320 | 4,296,521 | 4,848,476 | 6,777,051 | 7,727,181 | 9,560,178 | 10,601,282 | ||
A) Leverage 槓干比 | 594.83% | 178.39% | 179.26% | 164.27% | 186.96% | 167.43% | 173.17% | 202.84% | 190.70% | 192.18% | 174.64% | ||
B) Turnover to Assets % | 78.92% | 70.96% | 84.97% | 88.70% | 131.57% | 71.16% | 82.47% | 100.77% | 104.60% | 104.41% | 105.63% | ||
C) Profit Margin | 16.00% | 13.76% | 13.22% | 13.20% | 11.34% | 7.67% | 9.15% | 10.64% | 11.47% | 11.85% | 10.56% | ||
D) EBTax/Net | 89.63% | 97.33% | 94.81% | 95.74% | 84.18% | 85.12% | 75.66% | 78.68% | 81.96% | 82.21% | 86.58% | ||
Dupond = AxBxCxD = ROE | 67% | 17% | 19% | 18% | 23% | 8% | 10% | 17% | 19% | 20% | 17% |
盈利
盈利分類(m RMB) | 2010年 | 2011年 | 2012年 | 2013年 | 2014年1H | 2014年FY | |
能源裝備 | Turnover | 2,391.9 | 3,268.4 | 4,268.4 | 5,371.6 | 2,335.8 | 5,422.0 |
GP | 22.10% | 23.80% | 21.90% | 21.50% | 20.50% | 19.80% | |
Profit | 528.6 | 777.9 | 934.8 | 1154.9 | 478.8 | 1073.6 | |
化工裝備 | Turnover | 1,198.2 | 2,874.6 | 2,845.9 | 3,093.6 | 1,660.9 | 3,313.9 |
GP | 12.00% | 14.80% | 17.50% | 18.90% | 16.30% | 16.20% | |
Profit | 143.8 | 425.4 | 498.0 | 584.7 | 270.7 | 536.9 | |
液態食品裝備 | Turnover | 408.3 | 572.9 | 968.4 | 1,516.3 | 855.2 | 2,461.7 |
GP | 18.60% | 10.70% | 15.20% | 19.10% | 17.90% | 19.80% | |
Profit | 75.9 | 61.3 | 147.2 | 289.6 | 153.1 | 487.4 |
資產
資產(m RMB) | 2010年 | 2011年 | 2012年 | 2013年 | 2014年H1 | 2014年FY | |
固-經營資產 | 物業廠房設備 | 961.7 | 993.0 | 1,575.1 | 1,767.1 | 1,743.4 | 2,004.5 |
在建工程 | 65.4 | 274.8 | 187.6 | 74.6 | 167.8 | 227.0 | |
地租 | 194.1 | 258.1 | 341.5 | 328.3 | 337.5 | 440.4 | |
投資 | 1.7 | 0.1 | 0.1 | 4.1 | 6.1 | 43.4 | |
固-非經營資產 | 無形資產 | 42.1 | 33.6 | 134.0 | 123.2 | 113.4 | 97.0 |
商譽 | 42.8 | 42.8 | 129.3 | 129.3 | 129.3 | 129.3 | |
其它 | 52.9 | 157.4 | 51.4 | 48.6 | 52.0 | 58.1 | |
流動資產 | 存貨 | 1,324.7 | 2,018.3 | 1,974.3 | 2,383.3 | 2,271.2 | 1,955.4 |
應收賬 | 878.6 | 1,353.3 | 1,841.5 | 2,284.3 | 2,704.5 | 3,135.7 | |
現金 | 941.1 | 1,062.0 | 953.5 | 1,533.7 | 1,192.1 | 1,677.7 | |
其它 | 343.2 | 462.9 | 554.9 | 867.7 | 891.4 | 832.5 | |
流動負債 | 短債 | 99.7 | 301.1 | 263.2 | 134.5 | 99.3 | 60.5 |
其它 | 2,830.2 | 1,792.8 | 2,852.1 | 3,955.9 | 3,827.3 | 3,981.0 | |
非流動負債 | 長債 | 22.0 | 194.6 | 137.1 | 36.4 | 54.2 | 25.2 |
其它 | 240.7 | 463.2 | 397.0 | 424.8 | 422.5 | 417.8 |
- EBITDA基本持平,net profit增加5%原因是稅項少了60Mil (剛好是5%,原因不知)
- turnover小增,GP%小減
- 能源、化工分部小退,食品分部樂觀增長
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