新宝股份供应链国际化、品类扩张双轮驱动公司新成长.docx

22.7%12.7%6.2%

22.7%

12.7%

6.2%

27.7%

22.7%

21.0%

6.7%26.1%21.8%20.4%

6.7%

26.1%

21.8%

20.4%

22.8%

22.8%

33.5%

33.5%

ROE=销售净利率×总资产周转率×权益系数新宝股份13.47.11.11.9苏泊尔32.610.21.61.9德昌股份12.211.60.71.5富佳股份16.99.91.11.6莱克电气27.312.70.82.8小熊电器17.59.50.92.0

ROE

=

销售净利率

×

总资产周转率

×

权益系数

新宝股份

13.4

7.1

1.1

1.9

苏泊尔

32.6

10.2

1.6

1.9

德昌股份

12.2

11.6

0.7

1.5

富佳股份

16.9

9.9

1.1

1.6

莱克电气

27.3

12.7

0.8

2.8

小熊电器

17.5

9.5

0.9

2.0

毛利率

研发费用率

管理费用率

销售费用率

新宝股份

22.7 3.8 5.9 4.0

26.3 2.0 1.8 10.8

19.1 3.6 4.4 0.4

20.2 3.8 3.7 0.5

25.6 5.3 2.9 5.9

36.6 3.0 4.0 18.8

苏泊尔德昌股份富佳股份莱克电气

小熊电器

20.817.514.234.522.710.928.123.719.334.625.315.9

20.8

17.5

14.2

34.5

22.7

10.9

28.1

23.7

19.3

34.6

25.3

15.9

26.619.312.0

26.6

19.3

12.0

26.9

21.2

15.4

8.05%

8.55%

9.05%

9.55%

10.05%

10.55%

11.05%

1.00%

25.80

24.25

22.89

21.68

20.62

19.66

18.80

1.50%

27.11

25.36

23.84

22.51

21.33

20.29

19.36

2.00%

28.64

26.64

24.93

23.44

22.14

20.99

19.97

2.50%

30.44

28.13

26.18

24.50

23.05

21.78

20.66

3.00%

32.60

29.90

27.64

25.73

24.09

22.67

21.43

3.50%

35.23

32.01

29.37

27.16

25.29

23.69

22.30

4.00%

38.51

34.58

31.43

28.85

26.69

24.87

23.30