义利99丨A股上市公司纳税状况与盈利状况 二维码
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发表时间：2018-07-20 11:36 作者丨CV 本期我们将从纳税总额、估值水平方面来勾勒A股上市公司的“义利 99”基本画像。 纳税总额 纳税额超十亿元居多 从纳税总额看，“义利 99”中有 83 家超 10 亿元，占比达到 83.84%。其中，纳税总额最小的是海格通信（002465.SZ），为2.71亿元；最大的是中国石化（600028.SH），为3,160.62亿元，为前者 1166 倍。纳税总额在 10- 100 亿之间的公司共 52 家，达到 52.53%；纳税超1,000 亿的公司共 4 家，占比4.04%。可以看出，十亿元纳税大户成为“义利 99”一个标志。
估值水平 市值超千亿元占比近五成 从市值分布看，“义利 99”既涵盖了 500 亿元以内市值的公司，也涵盖了 10,000 亿元及以上市值的公司。截至 2017 年 9 月 30 日，上榜公司市值最小的是东软集团（600718.SH），为 212.09 亿元；市值最大的是工商银行（601398.SH），为2.05万亿元，为前者 97 倍。1,000 亿市值以内的公司共 51 家，占比51.52%；1,000 亿市值以上的公司共 48 家，占比 48.48%。可以看出，尽管上榜公司资产、营收规模差异巨大，市值规模的极差却相对偏小。
市盈率 20 倍以下的占比近六成 从估值水平看，截至 2017 年 9 月 30 日，“义利 99”市盈率最低的是民生银行（600016.SH）为 6.01 倍；最高的是中国联通（600050.SH），为 323.62 倍。其中，市盈率在 20 倍以下的共 58 家，占比 58.59%； 市盈率达 100 倍以上的有 4 家，占比 4.04%。可以看出，“义利 99”整体市盈率合理。
下期我们将从公司类型和上市情况方面解析义利99评估报告！ English Version The basic profile of SV 99 companies is presented from 4 perspectives: annual tax contribution, valuation, ownership types, and years of listing. Annual Tax Contribution The Majority Contribute over RMB 1 billion Taxes Annually In terms of annual tax contribution, 83 companies (83.84%) exceed RMB 1 billion annually. Haige CommunicationsGroup (002465.SZ) contributes the least – RMB 271 million, while Sinopec Corp. (600028.SH) contributes the mostwith an amount of RMB 316.06 billion, 1,166 times than that of the former. There are 52 (52.53%) companies withan annual tax contribution of RMB 1 billion to 10 billion, and 4 (4.04%) exceeding RMB 100 billion. It shows that anannual tax contribution of over RMB 1 billion has become a common feature defining SV 99 companies.
Valuation Nearly 50% Have a Market Value of over RMB 100 billion Referring to the figure below, SV 99 companies have a market value ranging from below RMB 50 billion to over RMB1 trillion. As of 30 September 2017, Neusoft Corporation (600718.SH) has the smallest market value of RMB 21.21billion, and ICBC (601398.SH) RMB 2.05 trillion, which is the largest, 97 times than that of the former. There are 51companies (51.52%) recording a market value below RMB 100 billion, with the rest 48 companies (48.48%) exceedingRMB 100 billion. It can be concluded that despite the big differences in asset and revenue sizes of SV 99 companies,there is a relatively narrow gap regarding market value.
Nearly 60% have a PE ratio of below 20 In terms of the valuation, as of 30 September 2017, the lowest PE ratio of all SV 99 companies is 6.01 of ChinaMinsheng Bank (600016.SH); the highest is 323.62 of China Unicom (600050.SH); 58 companies (58.59%) have a PEratio under 20; and 4 (4.04%)have a PE ratio of over 100. This indicates that SV 99 companies have a reasonable levelof PE ratio.
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