长安汽车财务报表分析

长安汽车财务报表分析资产负债表水平垂直分析原表：3031323334353637383940414243444546474849505152535455西575859A无形资产开发支出商管长期特摊费用递延所猖税资产苴他非流动资产影响非流动资产苴他科目非疣动资产合计资产爲厂蛊动负债短期借款交易性金融负债应忖票据应付账款预收账款应付职工薪酬应交税费应忖利息应付顧厂苴他应忖款预提费用预计负债連延收益■毓动负债一年内到期的非流动负债应付短期债券苴他流动负债影响硫动负债苴也科目流动负债合计菲垃动负债长期惜款B922,184,55^37204,312,934.309?804,3942,484,457.43434,792,115.95IWQQ^OO013,379,918,012.6330,456,426,127.8830,000,000j4,887,600,348.937,666,813,508.072,600^98,490.62200,359,330-91424,842,866.2260,000了9了42.801,117,041,448,9650,000,0001,541,945/2111718,519,441,957^5376,000,000C370,988,817.11…滋6总9,901.809,804,3943,783,684.69320,28114^47407^080^00001Q.843.6W36.5524,471,416,861.89D114,867,134.54308,158,911^0J,804.3M3031323334353637383940414243444546474849505152535455西575859A无形资产开发支出商管长期特摊费用递延所猖税资产苴他非流动资产影响非流动资产苴他科目非疣动资产合计资产爲厂蛊动负债短期借款交易性金融负债应忖票据应付账款预收账款应付职工薪酬应交税费应忖利息应付顧厂苴他应忖款预提费用预计负债連延收益■毓动负债一年内到期的非流动负债应付短期债券苴他流动负债影响硫动负债苴也科目流动负债合计菲垃动负债长期惜款B922,184,55^37204,312,934.309?804,3942,484,457.43434,792,115.95IWQQ^OO013,379,918,012.6330,456,426,127.8830,000,000j4,887,600,348.937,666,813,508.072,600^98,490.62200,359,330-91424,842,866.2260,000了9了42.801,117,041,448,9650,000,0001,541,945/2111718,519,441,957^5376,000,000C370,988,817.11…滋6总9,901.809,804,3943,783,684.69320,28114^47407^080^00001Q.843.6W36.5524,471,416,861.89D114,867,134.54308,158,911^0J,804.3M5,232,237.70[39,53345了•西09,339.873,020.0915,367,824,844.54E125,716,628.5510071CL739?519,804,3943,302卫2了.55127,89012108,157,875,971?3114,352,917,722.39F0.008758960.0070167430.0006830940.000230060.0089104200.5633775340.0074745210.0200522140.0006379820.0003404670.009079584o0.6110089170.0151600870.0082075310.0004006470.0001546160.0130879TT0.01663491700.443113315I0.0302788170.0067083690.0003219158.15742E-050.0142758740.00426839300.455730385J-0.4993110.22347E0.2445710.89541C-0.0832H：-0.02768E0.000001：225,270,2684,563,7442,760,920,841.396,288,951,005.103,019,887^84.83175,251,214.57238,873,041.99420,00079,742.80 587,582,561.571,093,749,195.049,773,4032,196,879,136.982,275,651,443.09909,476,064.71110,874,454.4658,456,822.801,200,00003,140.19175,700,000513,680,0001,389,450,0002,791,066,484.98749,440.570.96106,425,055.2650,762,719.760.0263607920.0770689350.2084633060.4187519860.1124407930.0159672670.007616081367,301,503.09339,937,992.190.051001906416,077,626.26213^392,48492205,137,407040.0307773740.00468594815,000,000042,516^160.16345,932,573.07274,052,766.580.0411169514,575,393,590.677,369,377.754.436,595,652,996.770.989565389424,000,0000.1428019550.0012760350.2868286780.2971133390.1187429080.0144759780.0076322330.0479555760.0278609250.0451656080.962159840.0144618510.0002929820.1772449870.403736690.1938700640.0112507390.0153351192.69631E-055.11931E-060.0377214960.026711260.0009629670.0540876670.9357079040.0272198590.00150959800.2459436870.3857934870.1308669550.0100820920.0213780623.0192E-064.01265E-060.0562094430.0025159960.0775905940.9318969460.0038243148.57993E0.000001：-0.27932F0.04650'=0.481421：0.115913-0.28267C-0.328911-0.30290?0.00408'=ABCDEFGHIJ1报告期2010-12-312009-12-312008-12-312007-12-31比重07比重比重唱比重2变动率2盍动资产3货币资金4,391,990,049.723,460,500,078.601,624,164,158.931,583,706,500.040.1103403870.1056860140.1414098780.144205693-0.019384袞易性金融资产-5应收票据0,021,820,759.397,019,707,791.841,934,083,074.981,596,620,506.830.1112401350.1258527540.2868566140.289654102-0.009656应收账款404,008,999.71139,780,^25.50390,665,913.84693,306,639.620.0486581650.0259415970.0057119830.013265148-0.569397预付账款297,803,710.77理31,355,154.55264,265,066.41370,607,759.190.0258210750.0171960490.0176268970.0097780250.802708应收股利450,030450,030-1.839E-051.4TT62E-059应收利息-10苴他应收款117,659,705.0471,911,872.3694,522,595.69150,730,002.930.0105016980.0061506810.0029386070.003863214-0.2393311存货2,536,336,767.242,504,000,463.041,662,215,300.651,794,632,010.470.1250395250.1081620410.1023234770.0832775570.2287012消耗性生物资产-13待摊费用—14一年内到期的非流动资产-15苴他流动资产6,429,293.3820,508.8729.9n.95300,3252.14817E-051.94653E-068.38074E-070.000211098-0.9960216影响疣动资产其他科目0000000017疣动资产合计16,576,507,315-2513,627,806,225.345,977,946,024.456,195,041,744.080.4316224660.3889910830.5568866850.5442696150.0231818丰鑫动资产0019可供出售金融资产176,967,500230,205,000——0.0097340090.00581051420持有至到期投资————21投资性房地产62,762,302.7665,563,825.5968,646,801.42—0.00267920.00206072722长期股祝投资5,670,022,934.614,770,574,016.344,556,009383.264,141,477,745.860.2885460520.2964693720.1952716530.1861683610.0488923长期应收款————24固定资产4,267,885,829.433,149,234,754.293,333.111.102.013,381795.003.040.235617250.2168389310.1236903320.140130881-0.0816425工程物资795,898.75038,718.753,147,070.126,279,679.780.0004375190.000204T833.42734E-052.61324E-050.3115326在建工程1,997,902,631.461,297,536,616.44051,207,528.26260,899,239.570.0181774360.0553941460.0530225370.065598722-0.1917127固定资产清理3,100.57069,564.07——3.55339E-051.0443E-0T23生产性生物资产————29油气资产---一

ABCDEFGHIJ60应忖债券————61长期应付款————62专项应忖款503,601,091.39515,089,405.7937,939,992.97—0.00495351T0.0330675960.0253411763递延所得税负债23,113,12532,298,750——0.0020735080.00116305164递延收益-非流动负债————65苴他非流动负债131,140,00030,031,00033,493,00033,316,0000.0057486630.0050257190.0019311330.006598955-0.7073566影响非疣动负债苴他科目619,547,105.86000000.03117556467非流动负债合计1,353,401,322.251,001,469,155.79209,025,477.3969,540,736.520.0104346110.037840160.0642920960.068103054-0.0559568负债合计19,872,843,279.8315,576,862,746.467,659,203,232326,665,201,703.2911.00110.0000069所有者祝益70实收资本（或股本）2,325,657,6152,334,022,8482,334,022,8481,945,019,0400.25300350.302780830.2624103260.2197-419960.1941771资本■ii■积金1,538,178,253.071,693,335.482.051,499.260,947.641,889,109,593.170.2457413370.1944914440.1903789060.1453362510.3099272盈余公积金1,167,011,4241,167,011,4241,042,963,948.061,010,231,747.500.1324556940.135299020.1312051630.1102661960.1898973未分配利润5,594,695,154.553,632,676,370.482,720,272,069.262,720,578,307.730.3538864250.3528869630.4084157930.52862015-0.2273974库存股026,925,731.38-0.003027215075外币报表折算差额-76未确认的投资损失一77少数股东权益-78归属于母公司股东祝益合计10,625,542,446-623,800,120,393.157,596,524,812.967,573,060,603.400.'9850869550.9854582560.9893829731.003964593-0.0145279影响所有者权.益其他科目一80所有者权益合计10,583,582,848.058,894,554,115.437,708,621,612.227,687,715,939.6011110.0000081负债忑所有者权益总计30,456,426,127.8-824,471,416,861.8915,367,024,344.5414,352,917,722.0982负债比重0.6525008280.6365329330.4983921480.464379572现金流量表水平垂直分析原表：报告期B2010-12-31C2009-12-31D2008-12-31E2007-12-31F变动率蚀H变动率10I0T比重JE；比重I;;1314151617181920212223242526272829一、经彗活动产生的現全盍量稍售商品.提供劳•务收到的现全收到的税费返还收到苴他与经营活动有关的现金蛊营活动01金盘入小计啊买商品.接竟劳勢支付的现金支付给职工以及为职工支付的臨支忖的各项税费支村苴他与经営活动有其的现金经蓉活动01金逾出小计餐营活动产生的現金盍量浄離二、投资活动产生的現全盍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=无那资产和苴他按期资产收回的现金［争瓠处置子公司及苴他营业单位收到的现金挣额收到其他与投资活动有关的现金投资活动現金盍入小计啊逹固定资产无那资产和苴他按期资产豈忖的投资支忖的现金取得子誉司•及苴他营业单位支付的现金浄瓠支忖苴他与投资活动有关的现金投资活动01金盘出小计投资活动产生的現金盍量浄靈三、筹资活动产生的現全盍量吸收投资收到的现金子会司吸收少数股东投资收到的现金24,596,479,394.0767,147,178.16238,799,648.2524,902,42:^220.4815,712,759,849.551,564,221,349771,853,837,953.253,076,531,097.982乙2。了：5叽曹(M52,695,075,970.0316,028,887,338.0594,459,169.04162,595,830.8916,285,942,337.989,127,799,253.53850,583,333131,483,835,020.131,911,371,137.6013,373IS88I744.692,912,353,593.299,118,470,503.03154,535,533.88120776873.699,393,776,910.606,111,2&4376.29618,156,15777739,752,957.731,439,775,711.958,908,939,203.74484,837,706.8611,490,690,590.5277,480,913.4512兀413*35.58报告期B2010-12-31C2009-12-31D2008-12-31E2007-12-31F变动率蚀H变动率10I0T比重JE；比重I;;1314151617181920212223242526272829一、经彗活动产生的現全盍量稍售商品.提供劳•务收到的现全收到的税费返还收到苴他与经营活动有关的现金蛊营活动01金盘入小计啊买商品.接竟劳勢支付的现金支付给职工以及为职工支付的臨支忖的各项税费支村苴他与经営活动有其的现金经蓉活动01金逾出小计餐营活动产生的現金盍量浄離二、投资活动产生的現全盍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=无那资产和苴他按期资产收回的现金［争瓠处置子公司及苴他营业单位收到的现金挣额收到其他与投资活动有关的现金投资活动現金盍入小计啊逹固定资产无那资产和苴他按期资产豈忖的投资支忖的现金取得子誉司•及苴他营业单位支付的现金浄瓠支忖苴他与投资活动有关的现金投资活动01金盘出小计投资活动产生的現金盍量浄靈三、筹资活动产生的現全盍量吸收投资收到的现金子会司吸收少数股东投资收到的现金24,596,479,394.0767,147,178.16238,799,648.2524,902,42:^220.4815,712,759,849.551,564,221,349771,853,837,953.253,076,531,097.982乙2。了：5叽曹(M52,695,075,970.0316,028,887,338.0594,459,169.04162,595,830.8916,285,942,337.989,127,799,253.53850,583,333131,483,835,020.131,911,371,137.6013,373IS88I744.692,912,353,593.299,118,470,503.03154,535,533.88120776873.699,393,776,910.606,111,2&4376.29618,156,15777739,752,957.731,439,775,711.958,908,939,203.74484,837,706.8611,490,690,590.5277,480,913.4512兀413*35.5811,695,584,939.558,408,920,216.13了9站64,774.961337了6兀590.5911,257,947,225.57487,637,713.98-0.2064471290.3949455181.1405571061.0100433731.0101：0.99449809-0.05213392-0.196809996-0.273241484-0.067770848-0.0731826550.076252499-0.205123023-0.0057419820.2191282320.2761278290.3924863460.0854900530.2827480080.8590585140.4287766810.1932237434.972371516-0.133371370.8742108881.1292159690.8685823441.3589714741.3226256171.2997500610.9813931854.526799697-0.118109710.7741751020.8850503121.384737021•347702061.324392793-0.11E0.774：0.885I：1.38'=1.324：：20,976,139.81832,319,182.6118,763,559.61122,140,000994,198,882.031,831,689,224.89341了92』94.400J.173,481,31929-1,179,282437.263,250,000&46,710,627.33359,821,133.04199,153.406盯了43曲51.2615.31907866104.3265463329.2089243329.21：0.2502053-0.205066610.2102166530.663351760.66：：-0.544973791-0.757599930500960110.051：1,0^001.282,040,179.384,591,042.22470,090,0001,021,092,628.611,543,181,764.1311,156,370.15866,452354.64930^90,002718,590,799.621,554,338,134.28-533,245,505.671,648,980,801.62(^782,528,446.9810,150,0004,483,652.4662,501,30225,495.24-0.92654485518437.343784789.69818515114.1913815114.了54待53,554363却5,240,仃8.4545,22134019叮8三39O051FOt45j364,301,852.910.1476896161.6949065033.221102316-3.1480221440.3525237713.4698788282.978833648-2.463746340.3169007244.3055505680.943427593-0.21911892-14.563731865-4.23710250.943'=-0.2191189230取得借款收到的现金666,774,858.741,590,915,5172,921,550,666.761,084,100,0001.6949088340.467498863-0.384950780.687169966-21.631收到苴他与筹资活动有关的现全88,634,514.0189,605,704.88111,669,829.43633,509,794.57-0.82372833-0.85855672-0.860089751.53533353839.7632发行债券收到的现金————33筹资活动現金逾入小计755,409372.751,680^21,221.883043,370,496.191,717,609,794.570.771863729-0.02159313-0.560197331.00-0.034偿还债务支付的现金1,262,375,9512,021,879,071.222,501,851,702.022,016,900,0000.2404440980.002468675-0.374100870.91184125535另配股利.利润或偿付利息豈付的现金————36子公司支付给少数股东的股利————37支付其他与筹资活动有关的现金3,076,531,097.981,911,371,137.601,439,775,711.951,337,767,590.590.0762524990.4287766811.299750061-3.16803786-2.1238筹资活动現金資出小计1,643,092,151.342,222,802,904.222679716,293.852786,175,741.11-0.038209882-0.20220291-0.41026974139筹资活动产生的現金逾星净靈-887,682,778.59-542,251,682.34363,6&4,202.34-1,068,565,946.&4-1.34031985-0.49251454-0.1692765640EL現金廉現金等愉物浄増加離41汇率变动对现金的影响-42现金及现金等价物浄増加颤628,110,754.181,836,826,405.2865,963,462.22-216,626,379-65-1.304503368-9.47923696-3.8995118543期初现金艮现金等价物余额3,572,887,387.931,538,180,132.831,472,216,670.611,688,843,050.26-0.128269101-0.089210731.11558284744期耒现金廉现金等价物余额4,200,998,142.113,375.006,538.111,538,180,132.831,472,216,670.610.044805541.2924659161.85351893245补充资料:46K将浄利润谓节为经营活动的現金盃量:47浄利润2,005,747,148.991,085,756,980.6517,931,061.91633,972,779.59-0.9717163540.7126239732.16377487148加：资产减值推备1,448,142.19564,631,308,72150,838,4713746,276,338.762.25951610311.20129604-0.9687066449固定资产折1乐油气费产折耕、生产性生物资产419,846,569.44———50晁冠资产摊销103,116,317.4466,984,415.6914,913,336.808,991,333.050.6585424486.44947279610.4677749151长期持摊费用摊销2,439,007.061,947,104.011,157,440.023,001,310-0.614355058-0.35124862-0.187352552待滩费用減少————53预提费用増加————54处置固定资产"无形费产和苴他民期资产的损失34793,139.197,113,977.3235,754,863.1643,806,264.05-0.183795653-0.83760365-0.2057496855固定资产报废损失————56公允价值娈动损失-4,563,744-5,209,6649,773,408—57财务费用-31,537,650.5946,068,936.0568,255,424.6464,717,066.140.054674272-0.28814857-1.48731583inABCDEF58投资损失-1,631,226,158.61-304,155,981.2759递延所得税资产减少-112,410,370.49-100,747,835.89-11，&42,936.58-1,581,312.206.36283232460递延所得税负债増加-9,135,62532,298,75061存货的减少214,715,591.51-931,366,795.5597,404,009.6536,672,493871.65605088162经营性应收项目的減少-1,735,626,202.95-5,063,089,750.66166,566,310-36149.3&8,380.830.11513768863经営性应付项目的増加3,434,947,941.087,653,463,971.4822,381,998.8049,538,715.67-0.54819178364未确认的投贸损失--560,845,000.54-932,183,208.53-0.39835324765其他2,572,364.773,032,975.8366经营活动产生的现全疣量浄颔2,695,075,970.032,912,353.593.29484,837,706.86487,637,71398-0.005741982672.愫务转沟资丰-683、一年内到期的可转换公司僮券—694.蛊费租入固定资产-70£現金及現金等谕物浄増加昔況:71现金的期末余额4,200,998,142.113,375,006,538.11——72減：现金的期初余颔3,572,337,337.931,533,180,132.33——73现金等价物的期末余歆————74减:现全等价物的期初余颔————75现金及现金等价物浄増加颔628,110,7&4.131,336,826,405.23——利润表水平垂直分析原表：

ABCDEFGHI报告期2010-12-312009-12-312008-12-312007-12-31比重D8比重D9比重10变动率仙2一、营业总枚入33,072,124,211.2925,203,693,116.5013,375,458,430.7213,722,299,142.671113营业收入33,072,124,211.2925,203,693,116.5013,375,458,430.7213,722,299,142.671114二、营业总成本32,730,266,613.9224,920,172,958.0213,880,906,071.8113,967,668,638.891.0377891830.9887508490.989663268-0.000921945营业成本27?303?257?100.8320s1593376s627.9411?368?659?131.9411,619,462,125.940.8499640730.7998580420.825567083-0.031141OF6营业稅金及附加676,194,533.95539,629,495.88322,563,843.47334,863,583.380.0241160960.0214107310.0204460570.047181427销售费用3?230?353?574.572,466,774,396.871,136,557,740.871,246,368,598.380.0849733670.0978735290.0976760230.002022058管理费用1,573,110,607.841,193,988,802.86852J42?365673,492,043.310.0637542530.0473735650.047566059-0.004046869财务费用-54,097,445.464,227,674.2649,544,519.1647s106s949.120.003704136-0.00016774-0.001635741-0.8974530610資产减值损失1,448,142.19564,631,308.72150,838,471.3746,276,338.760.0112772560.0224027214.37874E-05510.62488111三、其他经营枚益-62,051,876183.026,250-0.007261882-0.0015738912公允价值变动浄收益4,563/445M664-9,773,408-0.0007306970.0002067020.00013799413抵资浄收益1?631?226?168.61804,166,981.27560,845,000.64932,183.208.530.0419308990.0319062760.049323296-0.3531195414联营、合营企业按资收益-15汇兑浄收益-16四、营业利润1,977,647,599.981,092,885,803.7545,623,951.45686.913,712.310.003411020.0433621290.059798022-0.2748567617营业外收人63,476,136.7236,344,363.6348?507J94.5019,073,037.620.0036266270.0014420250.001919324-0.2486810018营业外支出50,353,723.9940,245?229.5960J04/51.0652,047,682.880.0044936370.0015967990.0015225430.0487711219非涼动资产处置浄损失37,365.062.2628,286,276.7047?667?642.804了,49&496.720.0035638140.0011223070.001129503-0.00637ioe20五、利润总额1?990J70?012.711?088?984?927.6934?027?294.89653,939,067.050.002544010.0432073550.060194803-0.282207821所得稅-14,977,136.283?227?947.0416,096,232.9819,966,287.460.0012034150.000128074-0.000452863-1.2828104922未确认的按资损尖-23為、浄利润2,005J47?148.991,085,756,980.6517,931,061.91633372779.590.0013405940.0430792810.060647666-o.ssge-T'dAS24少数般东损益-21,239,321.037?298?057.93-6,449,899.68-32,921,192.0725归属干母公司般东的净利润2,026,986,470.021,078,458322.7224380,961.59666,893,971.6626七、每廉枚益27基本每股收益0.870.460.010.3428稀释每股收益0.870.460.010.34盈利能力分析2010-12-312009-12-312008-12-31销售浄利率成本费用率流动資产利润率总贺产利润率总贺产浄利率总贺产抿酬率所有者权益利润率0.0606476660.0608262110.1318202450.0724867350.0730320740.0705169710.2044107210.0430792810.0447119980.1110883040.0546689592010-12-312009-12-312008-12-31销售浄利率成本费用率流动資产利润率总贺产利润率总贺产浄利率总贺产抿酬率所有者权益利润率0.0606476660.0608262110.1318202450.0724867350.0730320740.0705169710.2044107210.0430792810.0447119980.1110883040.0546689590.054506910.0544567220.1311779080.0013405940.0024783050.0055906230.0022898010.0012066360.0056238040.004420182007-12-310.0462001860.04697402浄資产收益率0.2059485620.浄資产收益率0.2059485620.1307890730.002329263偿债能力分析短期偿愤能力搭标2010-12-312009-12-312008-12-31疣动比率0.8950867610.934987185□.81118746速动比率0.7581314050.7631907630.585630384现金比率0.2371556370.2374206950.220393663长期偿懂能力指标资产负债率0.6525008280.6365329330.498392148所有者权益比率0.3474991720.3634670670.501607852浄资产负债率1.8777047021.7512809010.993589207营运能力分析营业成本27,303,257,100.3320.159,376,627.9411,368,659,131.9411.619,462,营业收入33,072,124,211.2925,203,693,116.5013,375,450,430.7213,722,299,流动资产平均余颔1510215677098028765256086494284存货平均余额252016861520831078821728448656固定资产平均余颔213394291515746173771666555551总资产平均余额274639214951991962085314860371284疣动资产周转率2.1898941132.5710507582.197563623存货周转率10.833900939.6775480546.577377405固定资产周转率15.4981297716.006233318.025810134总资产周转率1.2042025471.2652697210.900075656疣动资产天数16439151140.0203729163-8177827存货周转天数33.2290282537.1995052954.7330612固定资产天数23.2286092222.4912378244.85528489总资产周天数298.9530299284.5243145399.966378资产负债表水平分析通过水平分析，可以看出长安汽车公司资产总额不断增长，08年增长了7.1%，09年比07年增长了70.5%，10年比07年增长了112.2%。可以说资产规模不断增长，08年流动资产有所降低，非流动资产增加，08年增长主要是在建工程和开发支出的增长，09年比07年增长较大，达到70.5%，主要是由流动资产增长带来的。流动和非流动资产同时增加，较为合理，流动资产又主要是应收票据的增长。10年对07年增长很大，流动资产戳过非流动资产增产，应收票据不断增长，非流动资产中无形资产增长较大，资产不断增长主要是由应收票据、在建工程所致，表明企业投资过大，应收账款管理不善。从企业的负债状况看，负债不断增长，主要是由非流动负债所致，流动负债增幅不大，影响企业长期负债，所有者权益也在增长，但是增幅较小，主要来源与利润的增长。08年比07年增长了14.9%09年比07年增长了133.7%，10年比07年增长了198.2%，流动负债增长较小，比较稳定，一定程度表明长期偿债风险增长。从水平分析看，企业资产及权益规模都有所增长，负债增长幅度超过资产增长幅度，有一定风险。利润表水平分析从企业利润表水平分析来看，08年比07年的经营成果差，并呈现亏损状态，此后，企业利润不断增长。营业收入增长较大，但08年相比07年降低了2.5%，09年比07年增长了83.7%，10年比07年增长了141%，营业总成本不断增大，当然，08年比07年成本降低了，总成本中营业成本及销售费用增长较大，还有管理费用，财务费用不断降低，财务费用控制较好。营业利润增长较大并超过收入的增长，成本控制较好。利润总额除08年外都比07年增长较大，净利润08年比07年要低，低于91.7%，08年经营业绩较差，09年比07年增长了66.5%，10年比07年增长了2.4.4%呈现上涨趋势。净利润的增长超过总利润的增长，源于所得税的不断降低，是企业获得了税收优惠或者是说无策划做得好。现金流量表水平分析长安汽车公司经营活动先进净流量08年比07年降低了0.6%，09年、10年分别比07年增长了497.2%和452.7%，后两年增长较大并相对稳定，主要是受销售商品和接受劳务的影响，流出主要是支付工资和税费，径流量主要呈增长趋势，并相对稳定。企业投资活动净流量为负数，08年、09年、10年比07年分别降低了314.8%、246.4%、423.7%，主要是因为企业购建固定资产，无形资产等长期资产。收回的先进相对较小。筹资活动净流量相对有所改善，但09年10年筹资相比07年有所改善，但仍为负数，08年筹资为正数，主要由于债务偿还及其他筹资活动支出较大，与筹集到的资金相抵，所以净流量为负。通过以上三个部分的水平分析，概括得出这样的结论：该公司08年不断加大投资，并减少融资，主要依靠经营活动来提供企业所需资金，说明企业正处在成熟期，管理层把主要精力用在了经营上。资产负债表垂直分析从资产负债表垂直分析可知，07年流动资产占资产总额43.2%，08年为38.9%，09年为55.7%，10年为54.4%，可见企业的资产流动性较强。流动资产中应收票据，货币资金比重较大，应收张狂比重不断降低，辨明企业应收账款管理较好。还有，企业的存货比重较低，并呈现下降趋势，证明企业存货管理改善或是产品较为畅销。非流动资产中长期股权投资和固定资产比重较大，证明企业的实际生产能力水平较高，无形资产比重较低，这种现象值得注意，因为伴随着科技进步和社会经济的发展，尤其是伴随着知识经济时代的到来悟性资产比重应越来越高，该企业无形资产比重很低，并伴随下降，长期如此，企业可能无法在市场中占据优势，创新能力会下降。企业流动资产比重较大，固定资产比重相对较低，风险程度较低，但有可能存在资金的闲置。现金流量表垂直分析从现金流量表垂直分析可知，07年公司现金流量主要来源于经营轰动和投资活动，08年主要来源于经营活动和筹资活动，09、10年主要来源于经营活动，经营活动现金流入中销售商品及提供劳务带来的现金流入占绝大比重并又上升趋势，表明企业现金流入主要来源于主营业务收入。从现金流出来看，经营活动现金流出占很大比重，07年为77.9%，08年为67.3%09年为78%，10年为85.3%，投资和筹资活动流出比重较小，反映了现金流入于现金流出匹配。三大活动产生的现金净流量07年为负数，09年最高，现金净流量不稳定，企业应加强现金流的管理。利润表垂直分析从表中可以看出企业07年到10年的各项财务成果的构成情况，营业利润占营业收入的比重分别为5%，0.3%，4.3%，6%，营业利润比重较低，08年利润很低。净利润构成为4.6%，0.1%，4.3%，6.1%，除08年外有上升趋势，但净利润仍然很低。营业总成本比重极大，甚至07年08年营业总成本超过了营业收入，其中营业成本所占比重最大，财务费用控制较好。利润主要来源于投资净收益，可以得出企业利润并非主营业务收入，这样的利润难以长期保持，营业总成本居高不下，这是企业致命的问题，企业必须加强成本控制，否则，企业盈利难以保持。资产负债表趋势分析从资产负债表可知，07年至10年资产规模不断扩大，10年比07年增加了一倍多，资产总额呈现上涨趋势，其中流动资产也主要呈现上涨趋势，且最终流动资产的增长幅度超过了资产增长幅度，可见企业流动性不断增强，流动资产中应收票据和货币资金增长较大，存货主要呈上涨趋势，非流动资产也不断上涨，其中工程物质不断下降，在建工程呈上涨趋势，递延所得税不断上涨，资产结构中总体结构较为合理，呈现良心增长。负债结构看，负债规模不断扩大，甚至超过了资产的增长幅度，一定程度上标明资产规模的扩大主要来源于负债的增长，其中流动负债也呈现上涨趋势，其中短期借款不断下降，应付票据和应缴税费不断增长，其他应收款不断增长，非流动负债不断增长，并且增长速度较快，并超过了负债总额的增长幅度。流动于非流动负债的不断增长致使负债规模不断扩大，且非流动负债增长幅度较大。所有者权益也不断增长，但增长幅度较小，主要来源于实收资本和未分配利润的额增长。07到10年的数据标明，资产规模的不断扩大主要来源于负债的增长和所有者权益的小幅度增长，资产负债结构风险加大。利润表趋势分析企业利润主要呈上涨趋势，除08年净利润有所下降外，主要来源于营业外收入的增长以及所得税的不断降低。营业利润中，营业收入总体上呈上涨趋势，并稍微高于总成本的增长幅度，说明企业成本管理加强，营业总成本中，营业成本，销售费用和管理费用增长较大，企业应进一步加强成本和费用管理，财务费用呈下降趋势，扩大立刻利润空间。总体上净利润呈上涨趋势，与资产规模的扩大相适应。企业利润率逐渐提高，表现为企业盈利能力增强。现金流量表趋势分析经营活动现金净流量总体上呈上涨趋势，且09年与10年比08年与07年增长了近5倍，其中，现金流入与流出都呈上涨趋势，且现金流入的增长幅度超过了现金流出的增长幅度，企业经营活动对现金流入的贡献增大。投资活动净流量呈下降趋势并且为负，流入和流出呈上涨趋势，差额不断扩大，流出的增长幅度炒股了流入的增长幅度，说明企业投资规模的不断加大，投资活动流入比重呈上涨趋势。筹资活动除08年外，净流量为负，筹资活动的流入小于流出