招商银行资产负债表分析

1、二、 资产负债表分析 金鑫 资产负债表状况分析同比变化率环比变化率 全部会计年度 会计年度2011331201012312010331 货币资金323520000000294955000000268622000000109.68%120.44%交易性金融资产127.91%99.65%应收票据- - - 应收账款- - - 预付款项- - - 其他应收款- - - 应收关联公司款- - - 应收利息940400000075880000007650000000123.93%122.93%应收股利- - - 存货- - - 其中：消耗性生物资产- - - 一年内到期的非流动资产- - - 其他流动资

2、产 352403040633 295820000000流动资产合计- - - 可供出售金融资产25698500000027168300000024425100000094.59%105.21%持有至到期投资9761400000084027000000110.75%128.66%长期应收款- - - 长期股权投资115000000011300000001173000000101.77%98.04%投资性房地产19130000001946000000211200000098.30%90.58%固定资产99.62%119.54%在建工程- - - 工程物资- - - 固定资产清理000生产性生物资产

3、- - - f030n_0290- - - 无形资产26060000002620000000248800000099.47%104.74%开发支出- - - 在建工程- - - 商誉- - - 长期待摊费用000递延所得税资产392700000037060000002227000000105.96%176.34%其他非流动资产- - - 非流动资产合计- - - 资产总计25847230000002402507000000107.58%117.53%短期借款- - - 交易性金融负债175000000188000000135000000093.09%12.96%应付票据- - - 应付账款-

4、- - 预收款项- - - 应付职工薪酬345400000032200000002331000000107.27%148.18%应交税费649200000049720000002933000000130.57%221.34%应付利息9443000000114.16%125.35%应付股利 - 其他应付款- - - 应付关联公司款- - - 一年内到期的非流动负债- - - 其他流动负债- - - 流动负债合计- - - 长期借款- - - 应付债券33525000000362850000004052900000092.39%82.72%长期应付款- - - 专项应付款- - - 预计负债- -

5、 - 递延所得税负债91100000092400000097600000098.59%93.34%其他非流动负债- - - 非流动负债合计- - - 负债合计244194600000022685010000002081061000000107.65%117.34%实收资本（或股本）215770000002157700000021127000000100.00%102.13%资本公积362530000003619700000035703000000100.15%101.54%盈余公积8418000000100.00%129.25%减：库存股5782300000049063000000379890

6、00000117.85%152.21%未分配利润- - 少数股东权益- 外币报表折算价差- - -295000000非正常经营项目收益调整- - - 所有者权益（或股东权益）合计106.55%120.78%负债和所有者（或股东权益）合计25847230000002402507000000107.58%117.53%备注- - - 资产分析 报告期2010-12-31 2009-12-31 2008-12-31 2007-12-31 盈利指标公司沪深300行业公司沪深300行业公司沪深300行业公司沪深300行业毛利率46.18% 32.24% 64.18% 42.59% 33.06% 59.1

7、6% 47.75% 27.68% 38.83% 51.06% 36.94% 70.45% 营业利润率46.18% 14.39% 39.04% 42.59% 14.3% 37.1% 47.75% 11.89% 27.69% 51.06% 17.31% 34.81% 净利率36.1% 10.88% 30.1% 35.44% 10.86% 28.81% 38.11% 10.28% 23.47% 37.22% 11.93% 23.36%运营能力资产收益率1.07%1.94%1.21%0.88%1.76%1.09%1.34%2%1.18%1.16%2.41%1.07%净资产收益率19.23%16.05%

8、19.22%19.65%14.24%15.85%26.51%15.37%17.73%22.42%21.69%18.63%报告期2011-03-312010-12-312010-09-302010-06-30盈利指标公司沪深300行业公司沪深300行业公司沪深300行业公司沪深300行业毛利率51.75% 33%68.43%46.18% 32.24%64.18%51.31% 29.57%68.37%51.48% 33.07%67.58%营业利润率51.75%15.51%40.6%46.18%14.39%39.04%51.31%12.12%40.57%51.48%15.15%40.29%净利率39

9、.47%11.51%31.18%36.1%10.88%30.1%40.13%9.08%31.3%40.09%11.46%31.12%运营能力资产收益率0.34%0.53%0.38%1.07%1.94%1.21%0.87%1.73%0.96%0.58%1.07%0.66%净资产收益率6.17%4.5%5.92%19.23%16.05%19.22%15.46%14.45%14%10.58%8.85%9.68%按五级分类划分的贷款分布情况     下表列出截至所示日期,本集团贷款五级分类情况。     2010 

10、;年 12 月 31 日              2009 年 12 月 31 日     占总额                   &

11、#160;           占总额 金额                              金额     百分比% &

12、#160;                          百分比   (人民币百万元,百分比除外)     正常类贷款             &

13、#160;         1,407,546            98.33           1,161,971          97.99   &#

14、160; 关注类贷款                          14,219             0.99       

15、;       14,119            1.19     次级类贷款                        &

16、#160;  2,730             0.19               2,961            0.25     

17、可疑类贷款                           2,659             0.19       

18、0;       2,791            0.23     损失类贷款                        &

19、#160;  4,297             0.30               3,980            0.34     

20、客户贷款总额                     1,431,451          100.00            1,185,822  

21、      100.00     不良贷款总额                         9,686            

22、  0.68                9,732           0.82     在贷款监管五级分类制度下,本集团的不良贷款包括分类为次级、可疑及损失类的贷款。 报告期     内,本集团资产质量持续优化,不

23、良贷款、关注类贷款均实现占比下降。截至2010年12月末,本集团     不良贷款额96.86亿元,比上年末减少0.46亿元;不良贷款率0.68%,比上年末下降0.14个百分点;关注     类贷款额142.19亿元,比上年末增加1.00亿元;关注类贷款占比0.99%,比上年末下降0.20个百分点。负债分析报告期2010-12-31 2009-12-31 2008-12-31 2007-12-31 偿债指标公司沪深300行业公司沪深300行业公司沪深300行业公司沪深300行业流动比率- 1.12%1.19%- 1

24、.09%1.32%- 1.06%1.15%- 1.12%1.08%速动比率- 0.75%1.16%- 0.74%1.13%- 0.73%1.14%- 0.79%1.08%权益乘数17.938.2815.1722.298.5817.0219.79.9417.5919.2814.7747.12周转率应收账款周转率- 16.5122.49- 15.5719.86- 20.6130.94- 16.44163.46存货周转率- 4.81,112.63- 4.78224.22- 5.81881.26- 7.14263.98总资产周转率0.03%- - 0.03%- - 0.04%- - 0.04%0.04

25、%- 报告期2011-03-312010-12-312010-09-302010-06-30偿债指标流动比率- 1.16%1.53%- 1.12%1.19%- 1.1%1.21%- 1.15%1.2%速动比率- 0.77%1.53%- 0.75%1.16%- 0.71%1.19%- 0.78%1.17%权益乘数18.18.3615.2417.938.2815.1717.737.7315.918.288.7917.01周转率应收账款周转率- 3.833.83- 16.5122.49- 14.0416.32- 7.8511.2存货周转率- 1.241,109.96- 4.81,112.63- 5.

26、43521.52- 2.64224.46总资产周转率0.01%- - 0.03%- - 0.02%- - 0.02%- -                            2010年6月30  日         2009年

27、12月31  日                                                

28、;                                                  

29、;             占总额                          占总额          

30、0;                                                 

31、0;                                  金额    百分比%          金额&#

32、160;     百分比%                                            

33、60;                                                 

34、60;      （人民币百万元，百分比除外）   贷款和垫款总额                                      

35、;                    1,330,765    58.30    1,185,822    57.34   贷款减值准备          

36、                                                  

37、      (26,337)    (1.15)    (24,005)      (1.16)   贷款和垫款净额                      

38、                                    1,304,428    57.15    1,161,817  &

39、#160; 56.18   投资证券及其他金融资产                                           &#

40、160;389,577    17.07        377,538      18.26   现金及存放中央银行款项                       &#

41、160;                    253,134    11.09        216,167      10.45   存放同业和其它金融机构款项   

42、                                   27,885      1.22       &#

43、160;  48,931        2.37   拆出资金及买入返售金融资产                                 &#

44、160;  262,417    11.50        221,194      10.70   应收利息                      

45、60;                                                 

46、60;   7,024      0.31            6,012        0.29   固定资产              

47、0;                                                 

48、0;         12,341      0.54          12,519        0.61   无形资产          

49、60;                                                 

50、60;               2,474      0.11            2,477        0.12   商誉   

51、                                                  

52、                               9,598      0.42           

53、60;9,598        0.46   投资性房地产                                     

54、;                               2,023      0.08           &#

55、160;2,171        0.10   递延所得税资产                                    

56、60;                           2,205      0.10            2,786  &

57、#160;     0.13   其它资产                                        

58、0;                                   9,376      0.41       &

59、#160;    6,731        0.33   资产总额                                 

60、;                                     2,282,482    100.00  2,067,941   

61、;     100.00   2010  年            2009  年        本期末比上年末        2008  年    

62、                                                  

63、     6  月30    日      12  月31    日            增减             

64、;   12  月31    日     资产质量指标（%）     不良贷款率                             &

65、#160;          0.67                  0.82        减少0.15  个百分点      1.11 

66、60;   贷款减值准备对不良贷款比率      297.59              246.66      增加  50.93  个百分点  223.29     贷款减值准备对贷款总额比率  

67、      1.98                  2.02        减少0.04  个百分点      2.47     资本充足率指标（%）

68、60;    核心资本充足率                                8.05            

69、60;     6.63        增加  1.42  个百分点    6.56     资本充足率                    

70、60;                 11.60                  10.45      增加  1.15  个百分点 &

71、#160;  11.34  2010  年  1-6  月  2009  年  1-6  月    本期比上            2008  年  1-6  月    

72、             财务比率                                     &

73、#160;                 （%）                （%）               &

74、#160;年同期增减                  （%）     盈利能力指标     净利差(1)                   

75、60;            2.47                    2.14          增加0.33  个百分点  

76、60;       3.51     净利息收益率(2)                    2.56               

77、60;    2.24          增加0.32  个百分点          3.66     占营业收入百分比             净利息收入  

78、              79.99                    75.48        增加4.51  个百分点  

79、0;     83.91             非利息净收入            20.01                  

80、;  24.52        减少4.51  个百分点        16.09     成本收入比(3)                      35.05                    42.24