http://partipral-hk.blogspot.com/2011/02/0333hk.html
兔年既第一個交易日我繼續放假中, 又係時候搵股仔寫下, 今集主角係黛麗絲 - 一間BRA廠. 我對製衣業無特別興趣, 但唔知點解今次又係揀中呢行. 黛麗絲同早排寫過既達利, 自己持重倉既聯亞一樣, 主要市場都係美國, 市場一樣, 自然可以理解到近一兩年黛麗絲應該都唔會好景得邊, 問題係最差既情況就已經捱過了, 將來復甦時會如何呢?
2006
|
2007
|
2008
|
2009
|
2010
|
|
營業額
|
1,425,491.00
|
1,467,496.00
|
1,368,682.00
|
1,370,026.00
|
1,342,480.00
|
毛利
|
367,720.00
|
351,629.00
|
288,847.00
|
269,193.00
|
293,962.00
|
毛利率
|
25.80%
|
23.96%
|
21.10%
|
19.65%
|
21.90%
|
分銷開支
|
68,529.00
|
45,545.00
|
57,590.00
|
48,676.00
|
37,833.00
|
4.81%
|
3.10%
|
4.21%
|
3.55%
|
2.82%
|
|
行政開支
|
163,011.00
|
164,992.00
|
178,838.00
|
181,426.00
|
173,332.00
|
11.44%
|
11.24%
|
13.07%
|
13.24%
|
12.91%
|
|
董事酬金
|
9,041.00
|
11,741.00
|
9,817.00
|
7,908.00
|
7,908.00
|
稅項
|
(24,131.00)
|
(30,743.00)
|
(12,095.00)
|
(27,787.00)
|
(33,835.00)
|
純利
|
114,876.00
|
132,967.00
|
57,966.00
|
(12,605.00)
|
46,823.00
|
純利率
|
8.06%
|
9.06%
|
4.24%
|
-
|
3.49%
|
固定資產
|
170,842.00
|
177,268.00
|
171,627.00
|
148,644.00
|
139,224.00
|
出產件數
|
56,700,000
|
55,500,000
|
49,400,000
|
45,800,000
|
42,900,000
|
效率
|
33.19%
|
31.31%
|
28.78%
|
30.81%
|
30.81%
|
折舊
|
28,934.00
|
31,644.00
|
28,065.00
|
28,009.00
|
29,897.00
|
折舊率
|
16.94%
|
17.85%
|
16.35%
|
18.84%
|
21.47%
|
存貨
|
245,993.00
|
197,462.00
|
230,210.00
|
162,920.00
|
225,085.00
|
5.79
|
7.43
|
5.95
|
8.41
|
5.96
|
|
應收賬
|
254,741.00
|
166,394.00
|
189,381.00
|
150,477.00
|
159,043.00
|
應付賬
|
169,087.00
|
130,447.00
|
133,769.00
|
124,158.00
|
132,779.00
|
長期債項
|
562.00
|
265.00
|
285.00
|
135.00
|
11.00
|
短期債項
|
6,390.00
|
4,911.00
|
5,183.00
|
728.00
|
959.00
|
總債項
|
6,952.00
|
5,176.00
|
5,468.00
|
863.00
|
970.00
|
現金
|
65,253.00
|
256,435.00
|
211,659.00
|
318,314.00
|
220,646.00
|
經營活動現金流
|
24,867.00
|
286,428.00
|
32,136.00
|
148,898.00
|
43,059.00
|
已收利息
|
3,621.00
|
5,390.00
|
5,615.00
|
2,309.00
|
543.00
|
已付利息
|
(601.00)
|
(362.00)
|
(394.00)
|
(137.00)
|
(27.00)
|
已派股息
|
(92,458.00)
|
(60,231.00)
|
(49,092.00)
|
0.00
|
(43,323.00)
|
已繳稅項
|
(14,768.00)
|
(11,828.00)
|
(13,853.00)
|
(23,271.00)
|
(78,782.00)
|
投資活動現金流
|
(32,382.00)
|
(31,171.00)
|
(21,416.00)
|
(16,858.00)
|
(19,179.00)
|
融資活動現金流
|
(7,110.00)
|
(1,776.00)
|
(879.00)
|
(4,601.00)
|
94.00
|
員工數目
|
14,253
|
13,039
|
12,836
|
10,692
|
10,675
|