資產負債表僅顯示部份重要科目, 完整財報可參考這裡    玩股撇步(動畫小學堂)  

  • 現金是否充足, 是否沒有債務壓力. 現金和短期借款和一年內到期長期負債都很高的話要小心, 滿手現金卻不還債, 可能有問題
  • 應收帳款或存貨是否突然大幅增加, 留意應收帳款超過營收
  • 營收和獲利增加的速度要大於存貨和應收帳款的速度; 營收衰退, 應收帳款正常也要跟著減少
  • 營業活動負債: 因營業活動而產生, 如應付帳款, 應付票據, 合約負債等, 通常不需要支付利息. 此類型負債上升, 通常代表業績增加, 議價能力變好
  • 最容易被操弄的資產是應收帳款, 存貨和長期投資
  • 如果有資金貸予他人要注意
  • 非控制權益佔比: 非控制權益 / 股東權益總額, 如果這個值過大時要看個體報表, 不能只看合併報表
  • 圖表中的值是加一取對數, 目的是為了看趨勢
  • 還款急迫性 - 公司債 > 應付票據 > 銀行借款 > 應付員工 > 應付帳款/費用 > 其它
  • 如果未分配盈餘為負, 就算當年有獲利也沒法配息
  • 如果配息能力(未分配盈餘+其它權益)為負, 有可能會無法配息
資產負債表-近10年
現金及約當現金 YoY短期借款 YoY一年內到期長期負債 YoY資金貸予他人 YoY營收 YoY淨利 YoY應收帳款及票據 YoY應收帳款佔營收比(%) YoY存貨 YoY長期投資 YoY長期負債 YoY商譽及無形資產 YoY股本 YoY法定盈餘公積 YoY特別盈餘公積 YoY未分配盈餘 YoY保留盈餘 YoY其它權益 YoY配息能力 YoY非控制權益佔比 YoY
2023 (10)803.01-10.22318.03-17.98160.0-61.8132.9922.822597.55-26.8763.1-80.35383.54-24.1814.773.68505.52-4.591761.812.941063.5182.5715.32-11.45793.080.0848.454.111174.774.27284.79-46.622308.02-6.75223.018.27507.8-31.330.04-6.8
2022 (9)894.4519.98387.7565.45418.95208.5526.86-11.673551.83-13.72321.09-60.5505.83-18.5814.24-5.63529.85-7.961711.48-5.63582.52-32.3517.3-10.27793.080.0814.9210.861126.646.2533.5-43.172475.05-9.49205.98-40.54739.48-42.460.0540.87
2021 (8)745.4933.19234.36-57.48135.78112.0230.41-32.814116.750.6812.95216.21621.2819.3615.09-20.74575.6639.871813.6311.95861.1126.9119.28-9.31793.080.0735.063.661060.832.99938.7142.412734.5828.61346.4432.461285.1498.090.031.94
2020 (7)559.7428.36551.22129.5664.04-19.7645.26-23.612733.54-4.52257.0911.41520.5118.1319.0423.72411.57-0.991620.08-1.88678.51-8.4121.26-8.52793.080.0709.083.361030.03.16387.238.582126.314.18261.54-24.28648.77-7.590.038.52
2019 (6)436.08-16.72240.1212.9879.81-33.9359.25-3.152863.03-14.04230.76-56.25440.64-8.6715.396.25415.68-15.241651.09-2.8740.8226.1623.24-7.92793.080.0686.018.33998.426.51356.63-44.042041.05-7.56345.41-29.37702.04-37.670.036.55
2018 (5)523.6618.2212.53128.63120.8-41.2161.18-57.363330.628.79527.46-3.26482.46-14.0314.49-20.98490.4120.41698.717.07587.22-7.5625.24-7.82793.080.0633.269.42937.377.83637.250.082207.885.9489.0417.351126.296.910.03-8.09
2017 (4)443.04-22.8392.96-53.24205.491.64143.48-43.03061.411.2545.2111.63561.217.518.335.66407.3115.11586.4913.67635.25-2.627.38-7.44793.080.0578.749.22869.328.31636.749.72084.88.98416.73-6.761053.472.540.03-11.85
2016 (3)574.1210.6198.82186.94202.181.73251.7328.592752.94-8.17488.436.73477.635.7417.3515.15353.86-8.671395.67-2.31652.24-12.5529.582541.07793.080.0529.97.23802.626.15580.4529.921912.9612.72446.93-13.431027.386.680.04-11.38
2015 (2)519.1141.7169.29-24.96198.75-35.01195.76-18.472997.81-7.89357.2112.54451.7-16.9715.07-9.85387.44-18.231428.6910.58745.82-20.31.12-20.0793.080.0494.186.88756.114.75446.7726.621697.0510.41516.28-17.32963.05-1.450.04-8.07
2014 (1)366.3349.2492.34-35.67305.81-24.87240.1-62.353254.734.65317.4225.6543.9921.4816.7116.08473.84.781292.0412.81935.83-8.981.4-43.32793.080.0462.395.78721.811.64352.8518.71537.0411.3624.4144.76977.2634.120.040.75
資產負債表-近20季
現金及約當現金 QoQ YoY短期借款 QoQ YoY一年內到期長期負債 QoQ YoY資金貸予他人 QoQ YoY營收 QoQ YoY淨利 QoQ YoY應收帳款及票據 QoQ YoY應收帳款佔營收比(%) QoQ YoY存貨 QoQ YoY長期投資 QoQ YoY長期負債 QoQ YoY商譽及無形資產 QoQ YoY股本 QoQ YoY法定盈餘公積 QoQ YoY特別盈餘公積 QoQ YoY未分配盈餘 QoQ YoY保留盈餘 QoQ YoY其它權益 QoQ YoY配息能力 QoQ YoY非控制權益佔比 QoQ YoY
23Q4 (20)803.010.91-10.22318.03-17.11-17.98160.038.4-61.8132.99140.2822.82629.92-6.33-16.871.41-96.77121.33383.54-11.55-24.1814.77-7.23.68505.52-0.17-4.591761.81-0.392.941063.515.8182.5715.32-3.16-11.45793.080.00.0848.450.04.111174.77-0.04.27284.793.3-46.622308.020.4-6.75223.01-21.168.27507.8-9.09-31.330.041.95-6.8
23Q3 (19)795.79-10.95-8.42383.6911.06-6.36115.61-34.0-32.0113.73-33.8-38.43672.515.51-18.5743.61362.9529.21433.648.73-18.5515.9114.8515.79506.36-3.88-11.331768.754.31-0.491005.1126.0911.9515.82-3.0-11.12793.080.00.0848.450.04.111174.78-0.04.27275.718.86-47.572298.931.94-6.83282.8845.81-10.94558.5831.13-33.780.04-0.22.59
23Q2 (18)893.61-2.0617.44345.492.07141.52175.160.1637.920.74-21.65-17.99637.38-3.1-32.729.428.78-93.44398.82-9.99-30.4713.85-0.30.18526.81-3.07-13.281695.650.13-5.28797.15-0.44-5.916.31-2.97-10.83793.080.00.0848.454.114.111174.814.284.27231.95-23.76-52.872255.210.42-7.33194.01-20.47-48.34425.96-22.3-50.910.042.7615.43
23Q1 (17)912.442.0118.86338.48-12.71115.89174.88-58.2628.4726.47-1.45-14.47657.74-13.19-35.578.66231.01-94.24443.07-12.41-30.5413.90-2.43-7.62543.482.57-8.01693.4-1.06-9.68800.6537.45-5.6716.81-2.83-10.54793.080.00.0814.920.010.861126.640.06.2304.24-42.97-72.072245.79-9.26-22.16243.9518.43-43.68548.19-25.87-63.990.04-10.8621.44
22Q4 (16)894.452.9319.98387.75-5.3765.45418.95146.37208.5526.8620.45-11.67757.71-8.25-29.87-6.61-119.59-103.79505.83-5.0-18.5814.243.64-5.63529.85-7.22-7.961711.48-3.71-5.63582.52-35.12-32.3517.3-2.81-10.27793.080.00.0814.920.010.861126.64-0.016.2533.51.45-43.172475.050.31-9.49205.98-35.15-40.54739.48-12.33-42.460.0512.2240.87
22Q3 (15)868.9514.229.07409.75186.4435.29170.0533.8871.2822.3-11.82-32.93825.88-12.82-24.8733.75-76.48-85.41532.43-7.18-19.5413.74-0.63-20.46571.08-5.9913.021777.4-0.720.53897.825.98-0.4917.8-2.68-10.01793.080.00.0814.920.010.861126.710.06.21525.876.86-32.442467.51.39-4.15317.64-15.43-8.11843.51-2.79-24.960.0412.2830.88
22Q2 (14)760.88-0.8915.12143.05-8.76-72.03127.02-6.6929.7425.29-18.29-35.19947.32-7.21-8.9143.52-4.59-37.71573.63-10.07-10.2713.83-8.06-26.26607.482.8326.251790.21-4.524.71847.15-0.214.9218.29-2.66-9.77793.080.00.0814.9210.8610.861126.716.216.21492.1-54.82-10.042433.72-15.643.87375.58-13.343.96867.68-43.07.390.048.1216.06
22Q1 (13)767.692.9825.87156.78-33.1-71.34136.120.2575.6230.951.78-22.891020.92-5.5113.8150.43-13.86-14.79637.842.678.4615.04-0.33-23.91590.742.6234.471874.983.3810.26848.82-1.4328.418.79-2.54-9.53793.080.00.0735.060.03.661060.830.02.991089.1316.0393.162885.015.525.28433.1825.0442.811522.3118.4575.550.043.47.59
21Q4 (12)745.4910.7333.19234.36-22.62-57.48135.7836.76112.0230.41-8.54-32.811080.43-1.7136.11174.63-24.5343.39621.28-6.1119.3615.09-12.65-20.74575.6613.9239.871813.632.5811.95861.11-4.5626.9119.28-2.53-9.31793.080.00.0735.060.03.661060.83-0.02.99938.720.59142.412734.586.2228.61346.440.2232.461285.1414.3398.090.034.261.94
21Q3 (11)673.221.8628.99302.86-40.78-35.999.281.41-13.5933.25-14.79-32.451099.285.7162.16231.380.43123.36661.723.5246.1317.28-7.871.34505.315.0116.821768.063.4215.1902.2622.433.2619.78-2.42-9.06793.080.00.0735.060.03.661060.860.03.0778.4342.3198.042574.359.8828.7345.6832.5243.931124.1139.13210.790.03-0.43-7.18
21Q2 (10)660.928.3725.07511.42-6.5141.2497.926.31183.8539.02-2.79-24.641039.8815.9171.53230.3930.5964.16639.258.756.2218.75-5.1323.61481.199.5311.011709.630.5414.53737.1411.51-4.4320.27-2.41-8.9793.080.00.0735.063.663.661060.863.03.0547.05-2.98243.622342.971.7423.43260.9-13.9991.68807.95-6.83173.590.030.23-5.73
21Q1 (9)609.98.9623.23547.01-0.7683.077.5121.0362.0940.14-11.31-30.01897.1113.0136.84176.5544.961654.97588.1112.9941.2719.773.8133.4439.316.743.01700.524.977.83661.06-2.57-15.3220.77-2.3-8.66793.080.00.0709.080.03.361030.00.03.17563.8445.6153.762302.918.3112.28303.3315.98109.28867.1733.6669.490.03-2.04-0.55
20Q4 (8)559.747.2428.36551.2216.66129.5664.04-44.26-19.7645.26-8.05-23.61793.8217.110.8121.7917.57193.54520.5114.9518.1319.0411.723.72411.57-4.85-0.991620.085.47-1.88678.510.21-8.4121.26-2.25-8.52793.080.00.0709.080.03.361030.00.03.16387.2348.268.582126.316.34.18261.54160.21-24.28648.7779.37-7.590.03-5.068.52
20Q3 (7)521.93-1.239.16472.4930.4949.54114.89233.1112.0849.22-4.94-38.1677.911.82-5.7103.59378.4829.2452.8210.66-0.4117.0512.370432.56-0.21-1.961536.052.9-7.35677.07-12.22-3.2221.75-2.25-8.38793.080.00.0709.080.03.361030.00.03.16261.1864.06-17.42000.265.37-0.02100.51-26.16-75.25361.6922.48-49.920.041.1215.46
20Q2 (6)528.446.7716.36362.121.1457.334.49-27.88-53.0251.78-9.71-22.4606.25-7.52-15.6321.65115.21-63.04409.19-1.71-20.6515.172.380433.471.63-5.711492.78-5.34-7.19771.32-1.216.5622.25-2.15-8.21793.080.00.0709.083.363.361030.03.173.16159.2-56.59-32.541898.28-7.45-1.15136.11-6.09-75.29295.31-42.28-62.470.035.7516.48
20Q1 (5)494.9113.4914.8298.9224.4963.8847.82-40.08-47.6957.35-3.21-19.36655.58-8.5-7.5610.06-75.75-80.08416.31-5.52-20.4414.82-3.720426.522.61-7.681576.97-4.49-9.7780.665.3830.2122.74-2.15-8.08793.080.00.0686.010.08.33998.4-0.06.51366.72.82-46.682051.110.49-9.18144.94-58.04-74.58511.64-27.12-59.330.036.8917.79
19Q4 (4)436.08-8.80.0240.12-24.010.079.81-22.140.059.25-25.480.0716.46-0.330.041.49-48.250.0440.64-3.090.015.3900.0415.68-5.780.01651.09-0.420.0740.825.890.023.24-2.110.0793.080.00.0686.010.00.0998.420.00.0356.6312.790.02041.052.020.0345.41-14.930.0702.04-2.790.00.031.020.0

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