《佳云科技并购重组下商誉减值影响及原因分析》11000字

目录 1 1 1 2 4 12 13 15 17 18Z值模型指标2014201520162017201820192020X147.8513.6816.4623.7028.9621.7125.76X210.133.369.4015.85-38.70-33.91-51.00X30.972.586.987.75-55.972.31-11.28X43,915.892,578.551,248.951,153.65243.85181.58202.66X553.6735.05101.0298.09260.44227.24311.35Z值21.7816.129.068.662.023.283.44Z值结果描述良好良好良好良好不稳定良好良好指标201520162017201820192020流动比率佳云科技1.691.762.451.561.431.38行业均值2.112.382.082.082.451.80速动比率佳云科技1.521.501.911.151.151.24行业均值1.551.761.621.622.041.49指标201520162017201820192020资产负债率佳云科技0.240.240.160.520.570.68行业均值0.400.370.400.540.460.57佳云科技扣除商誉后0.570.500.360.600.650.69指标201520162017201820192020总资产收益率佳云科技1.617.277.70-49.082.61-13.51行业均值11.238.371.24-9.158.53-9.36净资产收益率佳云科技5.008.911.10-75.100.82-42.89行业均值63.7010.5715.70-15.00-10.00-13.14营业净利率佳云科技6.146.457.13-22.190.31-5.16行业均值8.012.79-1.65-33.3659.54-50.75营业利润率佳云科技8.707.408.41-21.181.21-1.29行业均值15.887.982.68-28.3061.95-41.22指标201520162017201820192020应收账款周转率佳云科技1.345.811.377.035.316.01行业均值27.248.327.836.936.245.46总资产周转率佳云科技0.621.050.972.282.413.00行业均值0.980.930.951.031.091.06指标201520162017201820192020总资产增长率佳云科技7.160.09-0.01-0.220.13-0.09行业均值0.640.620.270.040.150.13营业利润增长率佳云科技1958.82216.189.24-732.21101.02-2898.29行业均值-59.53122.32-17.89-86.36-221.98-359.77净资产增长率佳云科技6.610.090.08-0.550.01-0.33行业均值0.011.630.180.070.020.28基本每股收益增长率佳云科技1200.00129.293.45-757.40100.68-4431.34行业均值149.17123.08-103.89-193.49-73.26-542.72公司金源互动云时空微赢互动并购股份100%100%100%并购公司性质非上市公司非上市公司非上市公司评估方法收益法收益法收益法评估价值429,348,000.00376,027,800.001,009,758,800.00账面价值15,935,300.0024,500,800.0097,576,600.00评估增值率（%）2,591.321,431.76931.84合并对价409,200,000.00375,015,269.081,008,000,000.00可辨认净资产公允价值38,545,888.2363,490,621.94207,574,371.04商誉账面价值370,654,111.77311,524,647.14800,425,625.96商誉减值金额370,654,111.77311,524,647.14800,425,625.96商誉净额0.000.000.00年度2014年2015年2016年2017年金源互动3100400048005500云时空-300039005070微赢互动-7150933012000年度承诺的扣除非经常性损益后的净利润扣除非经常性损益后和未计提业绩奖励前的净利润实现的扣除非经常性损益后的净利润承诺业绩未实现缺口未实现比例（%）20143,100.003,441.043,129.790.000.0020154,000.005,828.385,440.150.000.0020164,800.004,968.905,146.040.000.0020175,500.003,580.494,730.64769.3613.99年度承诺的扣除非经常性损益后的净利润扣除非经常性损益后和未计提业绩奖励前的净利润实现的扣除非经常性损益后的净利润承诺业绩未实现缺口未实现比例（%）20153,000.003,171.093,126.420.000.0020163,900.004,100.094,062.330.000.0020175,070.005,002.795,026.74769.360.85年度承诺的扣除非经常性损益后的净利润扣除非经常性损益后和未计提业绩奖励前的净利润实现的扣除非经常性损益后的净利润承诺业绩未实现缺口未实