稀土永磁行业分析.docx

稀土永磁产业分析基本面分析(公司综合能力指标)投资与收益能力基本每股收益(元)每股净资产(元)净资产收益率—加权平均(%)扣除后每股收益(元)包钢稀土2.584124.37259.1112.562江西铜业1.5790611.2915.081.45厦门钨业1.328084.8730.891.3267中珠控股1.140685.52231.141正海磁材1.125257.824.941.0745中科三环0.880133.63127.290.8793五矿发展0.801528.84979.39480.6688宁波韵升0.769824.172319.90040.706银河磁体0.682896.0711.660.6637广晟有色0.629761.822341.70.62产业平均0.55219724.42859613.6491240.521436横店东磁0.407667.265.850.3901鼎泰新材0.398789.14.360.35太原刚玉0.261921.1524.660.2807安泰科技0.260623.73927.210.2387中色股份0.216312.818.020.2153风华高科0.168073.414.640.1313江粉磁材0.166574.036.730.1583中钢天源0.138973.064.650.1099鼎立股份0.107941.46747.1-0.013西藏发展0.12.3064.33580.0772中国铝业0.071543.891.840.039创兴资源0.031182.151.480.03天通股份0.03032.3191.310.013有研硅股0.021633.5160.620.022北矿磁材-0.097872.11-4.5439-0.09861.净资产收益率指标反映了股东权益的收益水平，衡量了公司应用自有资本的效率。如图所示：可以看出包钢稀土给股东带来的收益率是最高的，厦门钨业，中科三环及广晟有色都高于产业平均值。偿债能力流动比率(倍)速动比率(倍)应收帐款周转率(次)资产负债比率(%)包钢稀土2.130.9314.3440.01江西铜业1.971.3831.744.05厦门钨业1.290.57.7960.24中珠控股1.950.83.3761.45正海磁材2.541.977.1437.72中科三环1.450.854.3955.79五矿发展1.110.6345.5378.74宁波韵升1.781.175.5741.95银河磁体20.0318.523.564.94广晟有色1.040.4321.5773.89产业平均2.421.75621.502445.9076横店东磁1.671.244.5328.29鼎泰新材2.191.853.0336.52太原刚玉0.980.614.0381.35安泰科技1.720.984.8441.75中色股份1.220.776.265.88风华高科1.561.094.4431.13江粉磁材3.542.73.1617.98中钢天源1.591.14.6748.15鼎立股份2.020.684.4655.47西藏发展1.451.38268.2517.99中国铝业0.820.4546.4661.94创兴资源1.731.2425.9147.82天通股份1.230.833.9344.08有研硅股1.680.914.3941.13北矿磁材1.810.894.329.43应收账款周转率体现了公司的收账速度，坏账损失的程度，资产流动的快慢，以及偿债能力。如图：广晟有色的该项指标最高，表示公司收账速度快，坏账损失小，资产流动快，偿债能力较强。其他几家公司则低于产业平均值。偿债能力较弱。流动比率衡量企业流动资产在短期债务到期后变现的能力。如图：包钢稀土的流动比率最高，所选五家公司均低于产业平均。鉴于银河磁体公司该比率过高，影响了平均值。故考虑实际比率，都皆在正常范围之内。资产负债比率反映了总资产中借债筹资的比重，衡量