单击此处编辑母版标题样式,单击此处编辑母版文本样式,第二级,第三级,第四级,第五级,*,*,单击此处编辑母版标题样式,单击此处编辑母版文本样式,第二级,第三级,第四级,第五级,*,*,单击此处编辑母版标题样式,单击此处编辑母版文本样式,第二级,第三级,第四级,第五级,*,*,单击此处编辑母版标题样式,*,*,单击此处编辑母版文本样式,第二级,“,”,2016,“,”,单击此处编辑母版标题样式,单击此处编辑母版文本样式,第二级,*,*,1,二.利润表分析,一、利润表总体分析,项目,2009,2010,2011,2012,2013,一、营业收入,6,231,485,195,8,110,293,915,9,637,282,533,17,233,868,061,19,882,571,993,营业成本,3,797,115,276,4,501,495,181,5,409,683,036,11,811,128,209,12,421,410,656,营业税金及附加,846,869,733,943,134,143,1,157,700,803,1,635,386,575,2,225,746,545,销售费用,164,756,267,274,818,196,399,134,613,484,629,525,384,355,707,管理费用,325,869,202,402,767,941,503,748,903,558,716,231,493,520,681,财务费用,290,431,147,256,008,912,265,401,115,379,531,005,215,087,318,利润表比较趋势分析 单位：,元,资产减值损失,-109,680,968,-141,921,529,198,829,367,20,763,110,-215,653,939,加：公允价值变动收益,778,431,568,353,105,395,1,111,427,126,1,224,908,653,228,684,394,投资收益,190,935,857,33,278,640,59,209,008,3,599,087,99,962,662,其中：对联营企业和合营企业的投资收益,-5,046,993,5,988,196,258,407,-6,661,二、,营业利润,1,885,491,962,2,260,375,104,2,873,420,828,3,572,221,143,4,686,752,079,加：营业外收入,36,462,362,284,881,470,8,947,556,118,945,626,91,812,511,减：营业外支出,4,493,069,14,669,426,5,382,291,27,678,410,64,483,459,其中：非流动资产处置损失,55,477,51,986,86,843,251,453,167,439,三、,利润总额,1,917,461,255,2,530,587,148,2,876,986,092,3,663,488,360,4,714,081,131,减：所得税费用,543,404,913,696,970,561,819,333,994,966,945,491,1,194,046,260,四、,净利润（净亏损以,号填列）,1,374,056,341,1,833,616,586,2,057,652,097,2,696,542,868,3,520,034,870,归属于母公司所有者的净利润,1,365,641,320,1,782,442,799,2,017,512,321,2,269,197,819,2,891,517,256,少数股东损益,8,415,021,51,173,787,40,139,776,427,345,049,628,517,614,6,报告日期,2014,2013,2012,2011,2010,2009,营业收入,3.5362,3.1907,2.7656,1.5465,1.3015,1,营业成本,4.0261,3.2713,3.1105,1.4247,1.1855,1,营业税金及附加,2.1514,2.6282,1.9311,1.3670,1.1137,1,销售费用,2.2771,2.3328,2.9414,2.4225,1.6680,1,管理费用,1.9122,1.5145,1.7145,1.5459,1.2360,1,财务费用,2.2277,0.7406,1.3068,0.9138,0.8815,1,资产减值损失,-1.9878,1.9662,-0.1893,-1.8128,1.2939,1,公允价值变动收益,1.3228,0.2938,1.5736,1.4278,0.4536,1,投资收益,0.1223,0.5235,0.0189,0.3101,0.1743,1,营业利润,2.1831,2.4857,1.8946,1.5240,1.1988,1,营业外收入,3.2680,2.5181,3.2625,0.2455,7.8135,1,营业外支出,3.6236,14.3608,6.1648,1.1982,3.2673,1,非流动资产处置损失,6.3333,2.8333,4.1667,1.5000,0.8333,1,利润总额,2.2004,2.4585,1.9106,1.5004,1.3198,1,所得税费用,2.0364,2.1974,1.7794,1.5078,1.2826,1,净利润,2.2652,2.5618,1.9625,1.4975,1.3345,1,归属于母公司所有者的净利润,2.1437,2.1173,1.6616,1.4773,1.3052,1,少数股东损益,21.9810,74.6461,50.7542,4.7672,6.0772,1,基本每股收益,1.7636,1.7455,1.3636,1.2182,1.0727,1,稀释每股收益,1.7636,1.7455,1.3636,1.2182,1.0727,1,毛利,2.7722,3.0649,2.2276,1.7366,1.4824,1,利润表同比趋势分析,7,报告日期,2014,2013,2012,2011,2010,营业收入,1.1083,1.1537,1.7883,1.1883,1.3015,营业成本,1.2307,1.0517,2.1833,1.2018,1.1855,营业税金及附加,0.8186,1.3610,1.4126,1.2275,1.1137,销售费用,0.9761,0.7931,1.2142,1.4523,1.6680,管理费用,1.2626,0.8833,1.1091,1.2507,1.2360,财务费用,3.0080,0.5667,1.4300,1.0367,0.8815,资产减值损失,-1.0110,-10.3878,0.1044,-1.4010,1.2939,公允价值变动收益,4.5027,0.1867,1.1021,3.1475,0.4536,投资收益,0.2337,27.7667,0.0608,1.7791,0.1743,营业利润,0.8783,1.3120,1.2432,1.2712,1.1988,营业外收入,1.2978,0.7718,13.2905,0.0314,7.8135,营业外支出,0.2523,2.3295,5.1450,0.3667,3.2673,非流动资产处置损失,2.2353,0.6800,2.7778,1.8000,0.8333,利润总额,0.8950,1.2868,1.2734,1.1369,1.3198,所得税费用,0.9268,1.2349,1.1802,1.1756,1.2826,净利润,0.8842,1.3054,1.3105,1.1222,1.3345,归属于母公司所有者的净利润,1.0124,1.2742,1.1248,1.1319,1.3052,少数股东损益,0.2945,1.4707,10.6465,0.7844,6.0772,基本每股收益,1.0104,1.2800,1.1194,1.1356,1.0727,稀释每股收益,1.0104,1.2800,1.1194,1.1356,1.0727,毛利,0.9045,1.3759,1.2827,1.1715,1.4824,利润表环比趋势分析,利润表结构分析,报告日期,2014,2013,2012,2011,2010,2009,营业收入,1,1,1,1,1,1,营业成本,69.38%,62.47%,68.53%,56.13%,55.50%,60.93%,营业税金及附加,8.27%,11.19%,9.49%,12.01%,11.63%,13.59%,销售费用,1.70%,1.93%,2.81%,4.14%,3.39%,2.64%,管理费用,2.83%,2.48%,3.24%,5.23%,4.97%,5.23%,财务费用,2.94%,1.08%,2.20%,2.75%,3.16%,4.66%,资产减值损失,0.99%,-1.08%,0.12%,2.06%,-1.75%,-1.76%,公允价值变动收益,4.67%,1.15%,7.11%,11.53%,4.35%,12.49%,投资收益,0.11%,0.50%,0.02%,0.61%,0.41%,3.06%,营业利润,18.68%,23.57%,20.73%,29.82%,27.87%,30.26%,营业外收入,0.54%,0.46%,0.69%,0.09%,3.51%,0.59%,营业外支出,0.07%,0.32%,0.16%,0.06%,0.18%,0.07%,非流动资产处置损失,0.00%,0.00%,0.00%,0.00%,0.00%,0.00%,利润总额,19.15%,23.71%,21.26%,29.85%,31.20%,30.77%,所得税费用,5.02%,6.01%,5.61%,8.50%,8.59%,8.72%,净利润,14.12%,17.70%,15.65%,21.35%,22.61%,22.05%,毛利,30.62%,37.53%,31.47%,43.87%,44.50%,39.07%,二、利润质量分析,9,核心利润,=,营业收入,-,营业成本,-,营业税金及附加,-,销售费用,-,管理费用,-,财务费用,1,）收入质量分析,卖什么,-,卖给谁,-,靠什么,10,1.,核心利润的实现过程质量分析,营业收入与营业成本绝对值变动趋势图,11,12,营业收入与营业成本结构百分比趋势图,13,14,年份,行业,营业收入,营业成本,营业利润率,金额,（亿,收入比例,金额,成本比例,利润率,2013,房产开发,188,94.40%,120,亿,96.74%,90.53%,物业出租,6.73,3.38%,1.02,亿,0.82%,7.65%,物业经营,4.33,2.18%,3.00,亿,2.42%,1.78%,土地开发,556,万,0.03%,285,万,0.02%,0.04%,其他收入,257,万,0.01%,-,-,-,其他（补充）,50.2,万,0.00%,2.99,万,0.00%,0.01%,2012,房产开发,162,93.80%,114,亿,96.76%,87.44%,物业租赁,5.73,3.32%,6586,万,0.56%,9.36%,物业经营,4.40,2.55%,2.93,亿,2.48%,2.71%,土地开发,5012,万,0.29%,2338,万,0.20%,0.49%,其他收入,530,万,0.03%,-,-,-,2011,房产开发,84.1,87.24%,49.4,亿,91.37%,81.95%,物业租赁,5.03,5.22%,5043,万,0.93%,10.70%,土地开发,3.72,3.86%,1.87,亿,3.46%,4.37%,物业经营,3.56,3.69%,2.29,亿,4.24%,2.99%,按主要收入来源划分营业收入及利润率,