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Click to edit Master title style,Click to edit Master text styles,Second level,Third level,Fourth level,Fifth level,11/7/2009,#,*,Click to edit Master text styles,Second level,Third level,Fourth level,Fifth level,Click to edit Master title style,*,Click to edit Master text styles,Second level,Third level,Fourth level,Fifth level,Click to edit Master title style,远兴能源财务分析报告,第一页，共33页。,分析流程,1,公司简介,2,财务分析,3,财务分析报告,第二页，共33页。,公司简介,基本情况,1,股本结构,3,行业属性,2,第三页，共33页。,基本情况,公司名称：内蒙古远兴能源股份有限公司,英文名称：,Inner Mongolia Yuan Xing Energy Co.,Ltd,证券简称：远兴能源,证券代码：,000683,曾用名：天然碱,-,*ST,天然,-,G*ST,天然,-G,天然碱,-,天然碱,-,远兴能源,主营业务：化工产品及其原料的生产、销售,法人代表：贺占海,总经理：贾栓,董秘：纪玉虎,独立董事：白颐、孙燕红、马永义,联系电话：,0477-8539874,传真：,0477-8539935,电子信箱：,yxtrjyh-,邮政编码：,017000,工商登记：,150000000000788,信息披露：中国证券报、上海证券报,注册地址：内蒙古自治区鄂尔多斯市东胜区伊煤南路,14,号创业大厦,B,座,16,层,办公地址：内蒙古自治区鄂尔多斯市东胜区伊煤南路,14,号创业大厦,B,座,16,层,第四页，共33页。,行业属性,所属行业：,化工,区域：内蒙古自治区,发行价：,5.11,元,公司网址,:,电话：,0477-8539874,董事长：贺占海,控股股东：内蒙古博源控股集团有限公司,公司简介：,公司原为国内,最大的集天然碱开发、开采、加工于一体的大型企业,，公司依托鄂尔多斯的资源优势，重点打造乌审召生态园区和蒙大新能源基地，完成主业转型，天然气化工产业已成为公司的主导产业，公司由主要生产纯碱、小苏打等产品转向主要生产甲醇、甲醛、二甲醚等天然气化工产品和甲醇钠、环丙胺等精细化工产品。现在公司控股子公司内蒙古博源联合化工,100,万吨甲醇项目进展顺利，其中,40,万吨甲醇项目已正式投产；子公司内蒙古苏里格天然气化工,15,万吨甲醇技改项目也已奠基开工。公司的证券简称也因此更改为“,远兴能源,”。,第五页，共33页。,目前股本结构,科目,股份数（万股）,已上市流通,A,股,76136.48,受限流通股份,644.9,1,第六页，共33页。,股本结构变化,股份构成（万股）,变更日期,2009-12-31,2008-12-31,2007-12-31,股份总数,51187.6,51187.6,46900,已上市流通,A,股,40420.83,30589.52,21968.62,受限流通股份,10766.77,20598.08,24931.38,第七页，共33页。,财务分析,水平分析,比率分析,垂直分析,1,杜邦分析,4,2,3,偿债能力分析,营运能力分析,盈利能力分析,第八页，共33页。,资产负债表,变动时间,2009,12,31,2008,12,31,2007,12,31,变动时间,2009,12,31,2008,12,31,2007,12,31,流动资产,流动负债,货币资金,279,086,261.04,5,739,080.21,71170673.38,短期借款,112,000,000.00,4,000,000.00,356,354,700.00,交易性金融资产,应付票据,130,000,000.00,应收票据,55,600,000.00,51,250,000.00,18,137,536.85,应付账款,63,941,859.71,4,558,160.19,6,706,203.69,应收账款,1,145,275.69,3,285,514.01,预收账款,252,465.91,2,187,338.58,4,706,118.10,预付账款,65,563,609.73,10,569,520.85,1,552,660.05,应付职工薪酬,14,096,795.78,14,141,785.82,12,503,833.90,其他应收款,984,790,246.32,298,737,555.79,38,228,512.75,应交税费,299,739,694.84,21,777,373.76,-2,516,959.65,应收股利,4,010,602.67,966,511.84,应付利息,30,661,274.51,存货,7,981,201.13,28,585,341.94,29,348,316.24,其他应付款,472,194,533.02,465,483,004.61,430,958,811.62,其他流动资产,流动负债合计,1,092,225,349.26,512,147,662.96,839,373,982.17,流动资产合计,1,397,031,920.89,396,993,286.32,161,723,213.28,非流动负债,非流动资产,专项应付款,16,589,425.43,长期股权投资,1,813,790,599.18,1,329,819,623.03,1,023,512,581.42,其他非流动负债,16,589,425.43,固定资产,148,822,285.69,89,993,894.69,113,195,611.27,非流动负债合计,16,589,425.43,16,589,425.43,在建工程,2,224,274.42,负债合计,1,108,814,774.69,528,737,088.39,839,373,982.17,工程物资,4,561,084.04,4,354,192.03,1,129,856.53,所有者权益,无形资产,898,841.96,1,030,587.42,3,366,040.02,实收资本,511,875,989.00,511,875,989.00,469,000,000.00,工程物资,4,561,084.04,4,354,192.03,1,129,856.53,资本公积,595,428,533.77,593,676,019.87,3,839,891.47,递延所得税资产,12,146,073.58,2,332,818.04,10,464,796.98,盈余公积,122,118,512.73,25,217,567.47,6,089,432.19,其他非流动资产,未分配利润,1,039,012,995.15,167,242,011.22,-4,911,206.33,非流动资产合计,1,980,218,884.45,1,429,755,389.63,1,151,668,886.22,所有者权益合计,2,268,436,030.65,1,298,011,587.56,474,018,117.33,资产总计,3,377,250,805.34,1,826,748,675.95,1,313,392,099.50,负债权益合计,3,377,250,805.34,1,826,748,675.95,1,313,392,099.50,第九页，共33页。,水平分析,资产增减变动,2009,2008,2007,流动资产,1397031921,396993286.3,161723213.3,长期投资,1813790599,1329819623,1023512581,固定资产,153383369.7,96572361.14,114325467.8,无形资产,898841.96,1030587.42,3366040.02,递延所得税资产,12146073.58,2332818.04,10464796.98,第十页，共33页。,水平分析,资产增减变动,2009,比,2008,2008,比,2007,金额,百分比,金额,百分比,流动资产,1000038635,251.90316,235270073,145.477,长期投资,483970976.2,36.39373,306307042,29.92704,固定资产,56811008.59,58.8274,-17753107,-15.5286,无形资产,-131745.46,-12.7835,-2335452.6,-69.3828,递延所得税资产,9813255.54,420.66099,-8131978.9,-77.7079,资产总计,1550502129,84.87769,513356576,39.08632,第十一页，共33页。,水平分析,负债及所有着权益增减变动,项目,2009,2008,2007,流动负债,1092225349,512147663,839373982,非流动负债,16589425.43,16589425.43,所有者权益,2268436031,1298011588,474018117,第十二页，共33页。,水平分析结论,资产方面,09,资产总额较,08,年和,07,年增长幅度很大，主要原因是流动资产增长,251.90%,，其中固定资产,无形资产,递延所得税,08,年减幅很大，,09,年陡然回升，都超过,07,年，因而整体上说增长都很大。该公司,09,年出售煤矿，加大资金回笼，应收账款回收较多，同时出让,51%,的股票，致使流动资产增幅最为明显。,负债方面,负债总额增加了,580 077 686.30,元，增加,109.71%,其中流动负债增加,113.263%,，主要原因是,09,年该公司银行融资增加，预收货款增加。,权益方面,所有者权益较,08,年虽然增加了，但是总体与,07,年相比呈现减少现象，主要原因是,09,年出让了,51%,的股份，导致所有者权益减少。,结论,该公司资金实力呈上升趋势！,第十三页，共33页。,垂直分析,垂直分析,-2007,年（百分比）,资产,结构比率,负债及所有者权益,结构比率,2007,年末,2006,年末,增减,2007,年末,2006,年末,增减,流动资产,12.313,14.762,-2.449,流动负债,63.909,69.404,-5.495,长期投资,77.929,72.496,5.433,长期负债,0,0,0,固定资产,8.619,9.174,-0.555,负债合计,63.909,69.404,-5.495,无形资产,0.256,0.265,-0.009,所有者权益,36.091,30.596,5.495,工程物资,0.086,0.085,0.001,递延所得税,0.797,3.218,-2.421,(,其中实收资本,),（,-35.709,）,（,-35.08,）,(+0.629),资产总计,100,100,负债及所有者权益合计,100,100,第十四页，共33页。,垂直分析,垂直分析,-2008,年（百分比）,资产,结构比率,负债及所有者权益,结构比率,2008,年末,2007,年末,增减,2008,年末,2007,年末,增减,流动资产,21.732,12.313,9.419,流动负债,28.036,63.909,-35.873,长期投资,72.797,77.929,-5.132,长期负债,0.908,0,0.908,固定资产,5.048,8.619,-3.571,负债合计,28.944,63.909,-34.965,无形资产,0.056,0.256,-0.2,所有者权益,71.056,36.091,34.965,工程物资,0.
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