中国石油天然气公司财务分析报告

1、财务分析报告（中国石油天然气股份有限公司）一、公司概况公司名称中国石油天然气股份有限公司成立日期1999-11-05工商登t己号100000000032522注册资本（人民183,020,978,176币元）法人代表蒋洁敏证监会行业分石油和天然气开采业类全球行业分类能源中万行业分类石油开采雇员总数（人）596338注册地址北京市东城区安德路16号洲际大厦办公地址北京市东城区东直门北大街9公司是由中国石油天然气集团公司依照原国家经济贸易委员会关于同意设立中国石油天然气股份有限公司的复函，资产重组后，由中国石油集团作为独家发起人，公司简介以发起方式于1999年11月5日注册成立的股份有限公司。要紧

2、业务：原油及天然气的勘探、开发、生产和销售；原油及石油产品的炼制，差不多及衍生化工产品、其他化工产品的生产和销售；炼油产品的销售以及贸易业务；及（天然气、原油和成品油的输送及天然气的销售。原油和天然气的勘探、开发、生产和销售；原油和石油产品的炼制、运输、储存和销主营业务售；差不多石油化工产品、衍生化工产品及其他化工产品的生产和销售；天然气、原油和成品油的输送及天然气的销售。二、公司近三年财务报表（一）资产负债表报告期2009-12-312008-12-312007-12-31流淌资产货币资金88,283,996,16045,879,001,08888,589,000,704交易性金融资产-应收

3、票据4,268,000,0004,313,999,8724,735,000,064应收账款28,785,000,44816,755,999,74418,418,999,296预付账款36,401,999,87237,394,001,92020,386,000,896应收股利-60,000,00018,000,000应收利息-21,000,000109,000,000其他应收款4,815,000,0646,076,000,25615,443,999,744存货114,781,003,77690,669,998,08088,466,997,248消耗性生物资产-待摊费用-一年内到期的非流-136,

4、000,00059,000,000淌资产其他流淌资产18,378,000,38425,677,000,7042,000,000阻碍流淌资产其他科目-流淌资产合计295,713,013,760226,983,002,112236,228,001,792非流淌资产可供出售金融资产2,296,000,0001,972,999,9362,529,999,872持有至到期投资-投资性房地产-长期股权投资27,562,000,38428,035,999,74422,685,999,104长期应收款-固定资产331,472,994,304254,996,004,864247,803,002,880工程物资1

5、2,168,999,93611,288,999,9366,927,000,064在建工程212,738,998,272160,436,994,048105,633,996,800固定资产清理-293,000,000287,000,000生产性生物资产-油气资产519,459,012,608472,844,992,512326,327,992,320无形资产30,621,999,10423,554,000,89620,021,999,616开发支出-商誉2,817,999,872148,000,000-长期待摊费用14,951,999,48813,317,999,61612,028,000,25

6、6递延所得税资产289,000,000496,000,00012,871,000,064其他非流淌资产650,000,000533,000,000748,000,000阻碍非流淌资产其他科目-非流淌资产合计1,155,029,008,384967,918,026,752757,864,005,632资产总计1,450,741,989,3761,194,900,979,712994,091,991,040流淌负债短期借款74,622,001,15287,216,996,35218,734,000,128交易性金融负债-应付票据2,002,000,000433,000,0001,143,000,0

7、64应付账款156,759,998,464118,197,002,240104,460,001,280预收账款21,193,000,96012,967,999,48812,433,000,448应付职工薪酬5,104,999,9366,362,999,80811,585,000,448应交税费34,963,001,34415,185,999,87222,808,000,512应付利息-155,000,000173,000,000应付股利-127,000,00089,000,000其他应付款17,125,000,19217,575,999,48817,848,999,936预提费用-可能负债44

8、,747,001,856568,000,00024,760,999,936递延收益-流淌负债-211,000,00076,000,000一年内到期的非流14,229,000,1925,544,000,00011,651,999,744淌负债应付短期债券其他流淌负债阻碍流淌负债其他科目流淌负债合计非流淌负债长期借款应付债券长期应付款专项应付款递延所得税负债递延收益-非流淌负债其他非流淌负债阻碍非流淌负债其他科目非流淌负债合计负债合计所有者权益实收资本（或股本）资本公积金盈余公积金未分配利润库存股外币报表折算差额未确认的投资损失少数股东权益归属于母公司股东权益合计阻碍所有者权益其他科目所有者权益合

9、计负债及所有者权益总计62,554,001,408-388,553,015,29636,506,001,40848,965,001,216-21,493,000,192-2,367,000,064-154,078,003,200542,631,002,112183,020,994,560116,379,000,832125,446,995,968419,045,998,592-4,185,999,872847,782,019,072908,110,987,2641,450,741,989,376（二）利润分配表3,000,000-264,336,998,40028,683,999,2324,1

10、43,000,06457,000,000768,000,00012,588,000,256-126,000,00036,261,998,59282,839,003,136347,176,009,728183,020,994,560115,314,999,296122,215,997,440373,792,997,376-2,726,000,12813,000,000715,000,000201,653,993,47235,305,000,9604,383,000,06457,000,000774,000,00011,882,999,808-128,000,000-77,367,001,0882

11、79,020,994,560183,020,994,560122,192,003,072102,696,001,536270,543,994,880-1,086,000,000791,618,977,792847,725,002,7521,194,900,979,712677,366,988,800715,071,029,248994,091,991,040报告期一、营业总收入营业收入二、营业总成本营业成本营业税金及附加销售费用治理费用财务费用资产减值损失三、其他经营收益公允价值变动净收益投资净收益联营、合营企业投资收益汇兑净收益四、营业利润营业外收入营业外支出非流淌资产处置净损失五、利润总额

12、所得税未确认的投资损失六、净利润少数股东损益归属于母公司股东的净利润七、每股收益差不多每股收益稀释每股收益2009-12-311,019,274,985,4721,019,274,985,472875,918,983,168633,099,976,704129,755,996,16048,210,001,92057,213,001,7285,192,000,0002,448,000,000-3,347,000,0642008-12-311,071,146,008,5761,071,146,008,576926,546,984,960683,676,991,488116,460,003,3284

13、6,188,998,65653,211,000,8322,244,999,93624,764,999,6802007-12-31835,036,971,008835,036,971,008647,380,008,960487,112,015,87268,678,000,64041,344,999,42449,323,999,2322,868,999,936-1,948,000,0001,408,999,9364,733,000,1926,301,000,192144,764,993,536149,332,000,768193,958,002,6883,680,999,93618,066,999

14、,2963,097,999,8728,679,000,0646,298,999,8084,231,000,064-1,576,000,000139,767,005,184161,100,005,376192,824,999,93633,389,000,70435,154,001,92049,330,999,296-106,378,002,432-125,946,003,456-143,494,004,7363,204,999,93612,147,999,7448,920,000,512103,172,997,120113,797,996,544134,573,998,0800.560.620.

15、750.560.620.75（三）现金流量表报告期2009-12-312008-12-312007-12-31一、经营活动产生的现金流量销售商品、提供劳务收到1,190,291,046,4001,253,493,047,296965,346,000,896的现金收到的税费返还2,212,000,00014,264,999,936960,000,000收到其他与经营活动有关3,375,000,06410,181,000,192697,000,000的现金经营活动现金流入小计购买商品、同意劳务支付的现金支付给职工以及为职工支付的现金支付的各项税费支付其他与经营活动有关的现金经营活动现金流出小计经营

16、活动产生的现金流量净额二、投资活动产生的现金流量收回投资收到的现金取得投资收益收到的现金处置固定资产、无形资产和其他长期资产收回的现金净额处置子公司及其他营业单位收到的现金净额收到其他与投资活动有关的现金投资活动现金流入小计购建固定资产、无形资产和其他长期资产支付的现金投资支付的现金取得子公司及其他营业单位支付的现金净额支付其他与投资活动有关的现金投资活动现金流出小计投资活动产生的现金流量净额三、筹资活动产生的现金流量汲取投资收到的现金子公司汲取少数股东投资收到的现金取得借款收到的现金收到其他与筹资活动有关1,195,877,990,4001,277,939,023,872967,003,01

17、3,120603,992,031,232724,666,023,936459,872,010,24067,309,998,08067,285,000,19250,419,998,720191,802,998,784255,670,992,896188,366,995,456961,000,0003,912,000,000470,000,000927,860,981,7601,101,136,003,072756,183,990,272268,016,992,256176,803,004,416210,819,006,46411,909,000,19210,787,999,7447,927,00

18、0,0642,208,000,0006,456,999,9363,424,999,9364,079,000,064472,000,0001,014,000,000-535,000,000-0-18,196,000,76818,251,999,23213,907,999,744267,112,005,632224,000,000,000180,691,992,57618,581,999,61610,512,000,00020,262,000,640的现金285,694,001,152234,512,007,168200,954,003,456-267,497,996,288-216,260,00

19、1,792-187,046,002,6887,097,999,8728,768,000,0001,348,999,936-225,455,996,928-157,240,000,512-57,492,000,768398,000,000150,000,000427,000,000发行债券收到的现金-筹资活动现金流入小计232,952,004,608166,157,991,936125,511,000,064偿还债务支付的现金121,159,000,06498,036,998,14457,097,998,336分配股利、利润或偿付利息支付的现金-子公司支付给少数股东的股利-支付其他与筹资活动有关

20、64,755,998,72053,513,998,33657,524,998,144的现金筹资活动现金流出小计179,875,004,416162,297,004,032132,389,003,264筹资活动产生的现金流量净额53,077,000,1923,860,999,936-6,878,000,128四、现金及现金等价物净增加额汇率变动对现金的阻碍179,000,000-112,000,00040,000,000现金及现金等价物净增加53,774,999,552-35,707,998,20816,935,000,064额期初现金及现金等价物余额33,149,999,10468,651,9

21、99,23248,559,001,600期末现金及现金等价物余86,925,000,70432,944,001,02465,493,999,616额补充资料：1、将净利润调节为经营活动的现金流量：净利润106,378,002,432125,946,003,456143,494,004,736力口：资产减值预备2,448,000,00024,764,999,680-1,948,000,000固定资产折旧、油气资产折耗、生产性生物资产折-旧无形资产摊销1,760,000,0001,443,000,0641,214,000,000长期待摊费用摊销2,384,999,9362,255,000,0642

22、,115,000,064待摊费用减少-预提费用增加-处置固定资产、无形资产11,763,000,32013,265,999,87210,033,999,872和其他长期资产的损失固定资产报废损失-公允价值变动损失-财务费用3,812,999,936689,000,0001,604,999,936投资损失-1,408,999,936-4,733,000,192-6,301,000,192递延所得税资产减少-1,596,000,000递延所得税负债增加-8,239,000,064-597,000,000存货的减少-20,043,999,232-10,771,000,320-12,042,000,3

23、84经营性应收项目的减少经营性应付项目的增加未确认的投资损失其他经营活动产生的现金流量净额2、债务转为资本3、一年内到期的可转换公司债券4、融资租入固定资产5、现金及现金等价物净增加情况：现金的期末余额减：现金的期初余额现金等价物的期末余额减：现金等价物的期初余额现金及现金等价物净增加额16,069,999,616-27,061,999,616-16,254,000,12850,213,998,592-15,893,000,19217,333,000,192-8,527,000,064-268,016,992,256176,803,004,416210,819,006,46486,925,00

24、0,70432,944,001,02465,493,999,61633,149,999,104-68,651,999,232-48,559,001,600-53,774,999,552-35,707,998,208-16,935,000,064三、财务指标分析（一）、核心指标分析净资产收益率销售净利率总资产周转率权益乘数2007年0.270.170.8401.392008年0.190.120.8961.412009年0.150.110.7021.591、净资产收益率=利润总额/平均股东权益该指标反映的是所有者权益的获利能力，表明所有者每一元钞票的投资能够获得多少净收益。该公司的净资产收益率逐年

25、递减，讲明企业的盈利能力在减2、销售净利率=净利润/销售收入净额该指标反映企业销售收入的获利能力。同样，该公司的销售净利率也呈现逐年递减的趋势，表明中国石油公司近三年来销售业绩及利润都在递减，这有能够是由于近几年的石油危机及石油政治引起的。3、总资产周转率=销售收入/资产平均余额该指标反映总资产的营运效率，表明企业全部资产的使用效率。该公司总资产在2008年异军突起，而2009年又大幅下降。结合财务报表看，要紧是因为公司2008年销售收入增长较快引起。4、权益乘数=1/（1资产负债率）该指标一方面反映企业的总资产对所有者权益的保障，同时也表明企业的负债程度。该公司的权益乘数大于1,表明所有者权益较有保障，然而由于企业通过举债融资扩张规模，增加了负债，债权人权益有一定风险。（二）偿债能力分析1、短期偿债能力指标短期偿债能力指标2007年2008年2009年流淌比率1.170.860.76速动比率0.730.520.47现金比率0.440.170.23(1)、流淌比率流淌比率=流淌资产/流淌负债该指标反映企业可用在一年内变现的流淌资产偿还到期流淌负债的能力。