某银行财务分析报告(PPT36页)

Click to edit Master title style,Click to edit Master text styles,Second level,Third level,Fourth level,Fifth level,*,*,单击此处编辑母版文本样式,第二级,第三级,第四级,民生银行,民生银行公司概况,1,偿债能力分析,2,盈利能力分析,3,营运能力及发展能力分析,4,5,财务趋势及综合分析,公司概况：,中国民生银行是我国首家主要由,非公有制企业,入股的全国性股份制商业银行。,中国,民生银行,于,1996,年,1,月,12,日在,北京,正式成立，是一家全国性,股份制商业银行,公司法定中文名称：中国民生银行股份有限公司（简称：中国民生银行）,2000,年,12,月,19,日，中国民生银行,A,股,股票（,600016,）在,上海证券交易所,挂牌上市,。,2004,年在“中国最具生命力企业”评选中，获得“中国最具生命力百强企业”称号,在“,2006,民营上市公司,100,强”中位列第一名，并在市值、社会贡献两项分榜单中名列第一,偿债能力分析,项目,2009,2010,2011,2010,比,2009,变化,2011,比,2010,变化,流动比率,1.03,1.06,1.07,0.03,0.01,速动比率,1.03,1.06,1.07,0.03,0.01,现金比率,0.2806,0.3308,0.3823,0.0502,0.0515,资产负债率,93.7%,（,94.7%),94.2%,(94.09%),93.9%,(93.93%),0.005,0.003,产权比率,15.05,（,5.22,）,16.33,（,5.84,）,15.62,（,6.0,）,1.28,0.71,已获利息倍数,0.74,0.92,0.71,0.18,0.21,注：表中括号内的蓝色数据为银行业数据,偿债能力波动比较小，比较稳定，产权比率大约是行业平均数的三倍，表明该银行长期财务状况比较差。,短期负债,民生,/,光大,流动比率比,速动比率比,现金比率比,2009,1.16,1.16,2,2010,1.2,1.2,2.03,2011,1.24,1.24,2.37,短期,民生,2009,光大,2009,民生,2010,光大,2010,民生,2011,光大,2011,流动比率,1.03,0.89,1.06,0.88,1.07,0.86,速动比率,1.03,0.89,1.06,0.88,1.07,0.86,现金比率,0.2806,0.1388,0.3308,0.1622,0.3823,0.1609,光大银行简介,中国光大银行成立于1992年8月，1997年1月完成,股份制改造,，成为国内第一家国有控股并有,国际金融组织,参股的全国性,股份制商业银行,。,法定中文名称:中国光大银行股份有限公司(简称:“中国光大银行”,或“光大银行”),凭借卓越的创新能力和出色的业绩表现，中国光大银行获得“十佳中资银行”、“年度最具创新银行”等奖项荣誉,长期负债,长期负债,民生,2009,光 大,2009,民生,2010,光大,2010,民生,2011,光大,2011,资产负债率,0.937,0.959,0.942,0.945,0.939,0.944,产权比率,15.05,23.88,16.33,17.22,15.62,17.03,已获利息倍数,0.74,0.59,0.92,0.72,0.71,0.63,民生,/,光大,资产负债率比,产权比率比,已获利息倍数比,2009,0.98,0.63,1.25,2010,0.997,0.95,1.28,2011,0.995,0.92,1.13,偿债能力指标明显低于市场均值及标准行业，还债的能力还需要大幅度的提高。,民生银行偿债能力波动趋势与标准行业基本相同，但是一直处于标准行业，市场均值的下方，这说明偿债能力较弱，需要有所增强。,短期,长期,短期偿债能力出现这几年出现较小幅度的增长，优于光大银行,长期偿债能力在,2010,年小幅度上升，在,2011,年有所回落。与光大银行偿相差不大。,盈利能力分析,项目,2009,2010,2011,2010,比,2009,年变化,2011,年比,2009,年变化,销售利润率,37.10%,42.02%,45.27%,4.92%,3.25%,成本费用率,56.20%,69.73%,53.31%,13.53%,16.42%,总资产报酬率,0.98%,（,0.94%,）,1.08%,（,1.06%,）,1.38%,（,1.17%,）,0.1%,0.3%,净资产报酬率,13.75%,（,17.99%,）,16.89%,（,18.17%,）,21.54%,（,19.57%,）,3.14%,4.65%,每股收益,0.63,（,0.44,）,0.66,（,0.47,）,1.05,（,0.6,）,0.03,0.39,每股净资产,3.95,3.9,4.85,0.05,0.95,注：表中括号内的蓝色数据为银行业数据,盈利能力指标大体呈现上升的趋势。总资产及净资产逐年增长，表明资产利用效率越高，在增加收入、节约资金使用等方面取得了良好的效果。股东回报较高。,盈利能力,民生,2009,光大,2009,民生,2010,光大,2010,民生,2011,光大,2011,销售利润率,37.10%,43.38%,42.02%,47.79%,45.27%,52.41%,成本费用率,56.20%,57.66%,69.73%,70.98%,53.31%,62.32%,总资产报酬率,0.98%,0.75%,1.08%,0.95%,1.38%,1.12%,净资产报酬率,13.75%,15.89%,16.89%,15.72%,21.54%,18.81%,每股收益,0.63,0.23,0.66,0.32,1.05,0.45,每股净资产,3.95,1.44,3.9,2.01,4.85,2.38,2009,0.85,0.97,1.3,2.7,2.7,2010,0.88,0.98,1.14,2.06,1.94,2011,0.86,0.86,1.23,2.33,2.03,民生,/,光大,销售利润率比,成本费用率比,总资产报酬率比,每股收益比,每股净资产比,12,盈利能力远高于市场均值,2011,年盈利能力出现上涨趋势并逐步趋近于行业水平,2010,年到,2011,年中期，民生银行的盈利能力还处于标准行业的下方，,2011,年中期以后便渐渐超过了标准行业，盈利能力明显有所增长。,民生银行的盈利能力不断增加。销售利润率逐年增加。每股收益值高，股东投资效益比较好，总资产和净资产报酬率逐年增加，且高于光大银行，该银行资产利用的综合效果及盈利能力较好。总的来说民生银行的盈利能力还是比较好的。,营运能力分析,项目,2009,2010,2011,2010,比,2009,变化,2011,比,2010,变化,总资产周转率,0.03,0.03,0.04,0,0.01,流动资产周转率,0.036,0.035,0.042,0.001,0.007,存货周转率,141.09,116.75,111.87,24.34,4.88,固定资产周转率,9.72,7.04,6.04,2.68,1,银行的存货比较少，存货资金占用水平低，所以数值比较高。总的来看，该银行的对资产的利用效率是比较低的，而且这几年呈现出下降的趋势。,营运能力,民生,2009,光大,2009,民生,2010,光大,2010,民生,2011,光大,2011,总资产周转率,0.03,0.02,0.03,0.02,0.04,0.03,流动资产周转率,0.036,0.023,0.035,0.027,0.042,0.032,存货周转率,141.09,-,116.75,-,111.87,固定资产周转率,6.04,2.88,7.04,3.75,9.72,4.40,民生,/,光大,总资产周转率,流动资产周转率,存货周转率,固定资产周转率,2009,1.5,1.57,-,2.09,2010,1.5,1.30,-,1.88,2011,1.33,1.31,-,2.2,注：光大银行,2009-2011,年没有存货,营运能力指标远低于市场均值及地域值，与标准行业指标接近，营运能力比较弱。,营运能力与标准行业大体相同，但是远低于市场均值及地域值，说明银行的营运能力有待加强。,营运能力,较弱,营运能力指标较低，资产利用效率很低，并且呈现下降的趋势,营运水平指标都高于光大银行，营运能力高于光大银行,发展能力分析,项目,2009,2010,2011,2010,比,2009,变化,2011,比,2010,变化,销售增长率,20.11%,（,1.99%,）,30.21%,(26.23%,）,50.39%,（,27.22%,）,10.1%,20.18%,资产增长率,35.29%,（,26.36%,）,27.86%,（,18.10%,）,22.23%,(16.70%),7.43%,5.63%,股权资产增长率,63.60%,18.40%,27.41%,45.2%,9.01%,利润增长率,49.28%,47.76%,61.80%,1.52%,14.04%,注：表中括号内的蓝色数据为银行业数据,发展能力指标较高于行业均值，销售量逐年增长。资产资产增长率等在,2010,年有所下降，特别是股权资产增长率下降幅度较大，企业资本积累能力明显减弱，但在,2011,年开始恢复，得到提升。,发展能力,民生,2009,光大,2009,民生,2010,光大,2010,民生,2011,光大,2011,销售增长率,20.11%,-1.79%,30.21%,46.46%,50.39%,29.67%,资产增长率,35.29%,40.06%,27.86%,23.90%,22.23%,16.81%,股权资产增长率,63.60%,44.80%,18.40%,69.28%,27.41%,18.03%,利润增长率,49.28%,32.42%,47.76%,63.07%,61.80%,41.50%,民生,/,光大,销售增长率比,资产增长率比,股权资产增长率比,利润增长率比,2009,-,0.88,1.42,1.52,2010,0.65,1.21,0.26,0.76,2011,1.70,1.32,1.52,1.47,发展能力指标明显高于市场均值以及标准行业数，该银行的发展能力比较强,民生发展能力在,2010,年,前三季后超过了标准行,业以及市场均值等，营,运能力比较好并且有所,增强。,发展能力指标明显高于行业值，虽然,2010,年有所下降，但,2011,年的到恢复提高，银行发展能力还是较强。,财务报表三年比较,民生银行财务报表与光大银行的比较,销售净利率,财务趋势分析,资产负债表三年纵比,项目,2010,比,2009,变化,2011,比,2010,变化,资产,27.86%,22.23%,现金及,-,18.04%,24.62%,负债,28.48%,21.91%,流动负债,26.95%,20.77%,项目,民生,/,光大,资产,1.3,现金及,-,1.5,负债,1.3,所有者权益,1.4,资产负债表横比,利润表三年纵比,项目,2010,比,2009,变化,2011,比,2010,变化,营业收入,30.21%,50.4%,营业成本,20.04%,41.96%,利润总额,46.7%,61.8%,净利润,46.1%,58.81%,营业成本,09 10 11,/,收入,0.63 0.58 0.53,利润表横比,项目,民生,/,光大,营业收入,1.8,营业成本,2.1,利润总额,1.54,净利润,1.6,营业成本 民生 光大,/,收入,0.54 0.47,销售净利率,波动趋势都大体相同，光大银行销售净利率大于民生银行，盈利状况比民生银行好,财务综合分析,-,杜邦分析法,2011,年,19.54%,1.17%,93.93%,偿债能力,偿债能力良好，长期财务状况比较差。还债的能力还需要大幅度的提高,盈利能力,