1、净利润（百万）PEPEG收盘价(元）市值（亿）2014A2015E2016E20162016600835 上海机电25.052318582,2002,30010.00.06600894 广日股份13.921206751,0821,01011.90.20601313 江南嘉捷11.024423428032813.50.67002367康力电梯23.0817040252466125.80.85同比%营收毛利率净利率 应收账款周转率资产负债率净利600835 上海机电-5.410.362.84-0.53-1.810.09600894 广日股份7.99-1.890.48-0.59-3.711.0260
2、1313 江南嘉捷1.873.810.68-0.37-7.210.97002367康力电梯15.161.511.750.24-4.619.04总计-1.17-0.011.44-0.31-4.311.68累计同比%营收毛利率净利率 应收账款周转率资产负债率净利经营现金流600835 上海机电-3.03-0.040.04-0.53-1.83.12-31600894 广日股份5.030.020.12-0.59-3.713.72590601313 江南嘉捷11.56-0.090.04-0.37-7.29.43-89002367康力电梯20.25-0.040.030.24-4.624.41-42总计1.
3、25-0.070.00-0.31-4.33.12营业收入同比2013/3/312013/6/302013/9/302013/12/302014/3/302014/6/302014/9/302014/12/302015/3/302015/6/3001,0002,0003,0004,0005,0006,0007,0008,0009,00010,000上海机电广日股份江南嘉捷康力电梯总计2013/3/312013/6/302013/9/302013/12/302014/3/302014/6/302014/9/302014/12/302015/3/302015/6/30-60.00-50.00-40.
4、00-30.00-20.00-10.000.0010.0020.0030.0040.0050.00上海机电广日股份江南嘉捷康力电梯平均PB3.72.62.98.3经营现金流2013/3/312013/6/302013/9/302013/12/302014/3/302014/6/302014/9/302014/12/302015/3/302015/6/30-60.00-50.00-40.00-30.00-20.00-10.000.0010.0020.0030.0040.0050.00上海机电广日股份江南嘉捷康力电梯平均营业收入（百万）2013/3/312013/6/302013/9/302013
5、/12/31 2014/3/31 2014/6/30600835 上海机电3,8849,38214,61919,9074,13310,136600894 广日股份7081,8432,9254,0798462,118601313 江南嘉捷3681,0471,7882,4234331,180002367康力电梯4269781,5772,2285181,222总计5,38613,25020,90928,6385,93014,655营业收入单季度（百万） 2013/3/312013/6/302013/9/302013/12/31 2014/3/31 2014/6/30600835 上海机电3,8845
6、,4985,2375,2884,1336,003600894 广日股份7081,1351,0821,1558461,272601313 江南嘉捷368679741635433746002367康力电梯426552598652518704总计5,3867,8647,6597,7295,9308,725营业收入单季度同比600835 上海机电5.9912.356.8323.306.429.19600894 广日股份-54.11-9.1821.2918.5419.3512.09601313 江南嘉捷25.4836.0420.698.3917.869.83002367康力电梯17.5220.9318.
7、9830.0221.4927.52平均-1.2815.0416.9520.0616.2814.66营业成本600835 上海机电3,1557,54311,61215,6713,2708,038600894 广日股份5701,4712,2873,1896651,639601313 江南嘉捷2617721,2941,771309847002367康力电梯3016751,0811,528342800总计4,28710,46016,27322,1584,58511,325毛利率600835 上海机电18.7720.1822.3123.2420.8920.57600894 广日股份19.5320.652
8、4.5321.8921.3123.44601313 江南嘉捷29.0024.8529.5724.8528.7727.83002367康力电梯29.4032.3332.1331.3234.0334.89平均24.1724.5027.1325.3226.2526.68销售费用比率（百万）600835 上海机电4.964.634.944.395.994.45600894 广日股份3.681.853.013.893.352.49601313 江南嘉捷11.929.109.748.6112.0511.44002367康力电梯8.829.239.107.8512.289.62平均7.356.206.706
9、.198.427.00管理费用比率（百万）600835 上海机电9.267.587.4512.739.318.37600894 广日股份10.178.1411.8611.3410.589.11601313 江南嘉捷8.955.937.267.888.586.05002367康力电梯7.768.337.897.948.518.43平均9.047.508.629.979.247.99财务费用比率（百万）600835 上海机电-0.33-1.79-1.60-1.21-1.31-1.09600894 广日股份0.390.570.68-0.010.700.94601313 江南嘉捷-0.75-0.67-
10、0.890.22-0.79-0.78002367康力电梯-0.82-0.66-0.65-1.05-0.38-0.09平均-0.38-0.64-0.61-0.51-0.44-0.25净利润率600835 上海机电5.557.8611.7410.857.569.15600894 广日股份10.0515.6415.5339.8710.8717.73601313 江南嘉捷7.127.0010.985.117.637.82002367康力电梯10.0612.1011.7314.9611.3313.50平均8.1910.6512.5017.709.3512.05负债率600835 上海机电70737170
11、7073600894 广日股份464947444340601313 江南嘉捷404345434247002367康力电梯354344414248平均47.6551.7151.9249.6449.1952.11应收账款周转率600835 上海机电1.994.767.3610.202.154.93600894 广日股份1.363.065.208.081.533.25601313 江南嘉捷0.812.213.524.770.822.12002367康力电梯2.044.256.419.992.034.36平均1.553.575.628.261.633.67净利润600835 上海机电773493109
12、3154300600894 广日股份6717016514590219601313 江南嘉捷254676253055002367康力电梯446469975490总计214629620360328664经营现金流累计同比600835 上海机电-404-4-24-7092-35600894 广日股份-201-91-502546-142-31601313 江南嘉捷6051-13-1755649002367康力电梯-11118-35552502014/9/30 2014/12/31 2015/3/31 2015/6/3015,57520,7794,1519,8293,3664,5428502,2241,
13、9622,7345561,3161,9902,8216591,47022,89330,8766,21614,8392014/9/30 2014/12/31 2015/3/31 2015/6/305,4395,2044,1515,6781,2481,1768501,3747827725567607688316598118,2377,9836,2168,6233.85-1.600.44-5.4115.401.850.577.995.5421.6528.241.8728.3727.5527.1815.1613.2912.3614.114.9012,27416,2423,3127,8022,5913,
14、5246661,7431,3991,9554099291,3021,84643995517,56623,5674,82611,42922.1223.7520.2220.9323.7620.6721.7121.5529.5127.9126.3731.6434.6334.5733.3836.3927.5026.7225.4227.634.504.325.014.052.432.063.342.459.718.4711.0710.8010.109.4811.2710.656.686.087.676.997.8010.869.229.4111.0012.5910.829.406.468.038.357
15、.677.688.357.778.128.239.969.048.65-1.32-0.71-1.41-1.400.550.340.63-0.26-0.30-0.40-0.60-0.65-0.360.17-0.37-0.21-0.35-0.15-0.44-0.6310.147.437.0411.9916.3214.4812.7518.2110.139.356.618.4914.4516.8311.6915.2512.7612.029.5213.497171707139373536464539404946414451.2349.5646.3347.787.3710.111.904.405.207.671.202.663.274.250.781.757.1710.622.224.605.758.161.533.35259178138330198159108243746332611001267210763152635074138-4-193-311,203-54-44590-99112-149-8992-61-208-42
