宝山钢铁股份有限公司 信用风险分析

,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,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,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,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,*,*,宝山钢铁股份信用风险案例分析,第四小组,张婷婷,|,汪琼,|,韦婷,|,何丹,|,张骁,project,Company Analysis,-Overview,-Business Analysis,-Product Life cycle analysis,Company Financial Ratio Analysis,-Profitability,-operating capacity,-credit capacity,Industry Analysis,-market development,-Industrial layout,-Up to down stream products,-Profitability,-operating capacity,-credit capacity,-ability to grow,Conclusions,-problem,Company Analysis,Overview,Name,宝山钢铁股份有限公司,Industry,钢铁行业,(,普钢,),Registered capital,165,亿,lawyer,何文波,Company development,成立于,1978,年，上市,2000,年，,2007,年信用等级确认为,“,A-,”,，,2008,年进入世界,500,强，,2010,年中国上市公司,100,强。,Company Analysis,Business Analysis,steel,90.29%,chemical products,5.63%,information service,1.92%,other,1.44%,other,（,supplementary,）,0.72%,Company Analysis,Product Life cycle analysis,years,2009,2010,2011,2012,2013,Sales volume,（,kt,）,22429,25688,26175,23955,21993,Growth rate,14.53%,1.90%,-8.48%,-8.19%,1.Sales volume,2.Sales revenue,years,2010,2011,2012,2013,(growth rate of sales revenue(%),36.28,10.1,-14.1,-6,Company Financial Ratio Analysis,Profitability,Company Financial Ratio Analysis,operating capacity,Corporate Loans and purpose of borrowings,amount of loans,term of years,beginning date,maturity date,1,2456009648.97,3,2013/1/30,2016/1/30,2,1055913578.18,5,2013/5/4,2018/5/4,3,3391086681.16,5,2013/8/24,2018/8/24,4,255446243.53,2,2013/11/18,2015/11/18,Long-term loans,Company Financial Ratio Analysis,credit capacity,Short credit capacity,year,2013,2012,2011,Operation cash,-165,亿,-128,亿,-196,亿,Liquidity Ratio,0.83,0.84,0.8,Quick Ratio,0.5,0.49,0.42,Cash ratio,0.14,0.11,0.15,Long credit capacity,2013,2012,2011,Asset-liabilities ratio,(%),47.03,45.02,50.9,Liabilities,-equity,ratio,0.89,0.83,1.04,Net,Asset-liabilities ratio,0.94,0.87,1.12,Long-term debt ratio,0.08,0.11,0.13,Company Financial Ratio Analysis,Industry Analysis,market development,1,、接近零的销售利润率,2,、,压不住的产能,3,、跌不休的钢价,Sales margins trend to go down,and,It close to zero.,It is very serious in overcapacity,中钢协会最新数据统计,Industrial layout,Industry Analysis,Industry Analysis,Up to down stream products,Industry Analysis,Profitability,Industry Analysis,operating capacity,credit capacity,Industry Analysis,ability to grow,Industry Analysis,Conclusions,problem,1,、,Competitiveness of products decreased,2,、,company should raise the debt financing,