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硕贝德财务分析

☆财务分析☆ ◇300322 硕贝德 更新日期:2020-03-05◇ 港澳资讯 灵通V7.0
☆【港澳资讯】所载文章、数据仅供参考,使用前务请仔细核实,风险自负。☆
★本栏包括【1.财务指标】【2.报表摘要】【3.异动科目】【4.环比分析】★

【1.财务指标】
【主要财务指标】
┌───────────┬─────┬─────┬─────┬─────┐
|财务指标              |2019-12-31|2018-12-31|2017-12-31|2016-12-31|
├───────────┼─────┼─────┼─────┼─────┤
|审计意见              |标准无保留|标准无保留|标准无保留|          |
|                      |      意见|      意见|      意见|          |
├───────────┼─────┼─────┼─────┼─────┤
|净利润(万元)          |   9287.95|   6240.07|   5142.85|   6181.88|
|净利润增长率(%)       |   48.8436|   21.3350|  -23.4199|  159.6(P)|
|营业总收入(万元)      | 174950.64| 172236.20| 207006.01| 172539.16|
|营业总收入增长率(%)   |    1.5760|  -16.7965|   19.9763|  123.9066|
|加权净资产收益率(%)   |   15.0900|   10.3800|    8.5800|   11.1000|
|资产负债比率(%)       |   60.9873|   63.8400|   64.5705|   70.5385|
├───────────┼─────┼─────┼─────┼─────┤
|净利润现金含量(%)     |  177.3417|  633.2456|   96.8299|   22.8025|
|基本每股收益(元)      |    0.2300|    0.1500|    0.1300|    0.1500|
|每股收益-扣除(元)     |    0.1100|    0.1200|    0.0400|         -|
|稀释每股收益(元)      |    0.2300|    0.1500|    0.1300|    0.1500|
├───────────┼─────┼─────┼─────┼─────┤
|每股资本公积金(元)    |    0.0050|    0.0050|    0.2470|    0.2096|
|每股未分配利润(元)    |    0.5160|    0.3357|    0.2249|    0.1881|
|每股净资产(元)        |    1.6143|    1.4162|    1.5339|    1.5071|
|每股经营现金流量(元)  |    0.4049|    0.9714|    0.1223|    0.0346|
|经营活动现金净流量增长|  -58.3160|  693.5029|  676.1743|  121.0(P)|
|率(%)                 |          |          |          |          |
└───────────┴─────┴─────┴─────┴─────┘
┌───────────┬─────┬─────┬─────┬─────┐
|财务指标              |2019-12-31|2019-09-30|2019-06-30|2019-03-31|
├───────────┼─────┼─────┼─────┼─────┤
|审计意见              |标准无保留|  未经审计|  未经审计|  未经审计|
|                      |      意见|          |          |          |
├───────────┼─────┼─────┼─────┼─────┤
|净利润(万元)          |   9287.95|  10228.82|   9138.25|   1823.65|
|净利润增长率(%)       |   48.8436|  106.5429|  174.1467|   17.4845|
|营业总收入(万元)      | 174950.64| 128964.62|  85008.15|  38819.36|
|营业总收入增长率(%)   |    1.5760|    0.9240|    2.3266|    7.4352|
|加权净资产收益率(%)   |   15.0900|   16.3700|   14.7400|    3.1200|
|资产负债比率(%)       |   60.9873|   59.9716|   62.0172|   65.9230|
├───────────┼─────┼─────┼─────┼─────┤
|净利润现金含量(%)     |  177.3417|   94.9175|   80.4656|  138.6343|
|基本每股收益(元)      |    0.2300|    0.2500|    0.2200|    0.0400|
|每股收益-扣除(元)     |    0.1100|         -|    0.0800|         -|
|稀释每股收益(元)      |    0.2300|    0.2500|    0.2200|    0.0400|
├───────────┼─────┼─────┼─────┼─────┤
|每股资本公积金(元)    |    0.0050|    0.0068|    0.0068|    0.0050|
|每股未分配利润(元)    |    0.5160|    0.5401|    0.5153|    0.3763|
|每股净资产(元)        |    1.6143|    1.6413|    1.6125|    1.4575|
|每股经营现金流量(元)  |    0.4049|    0.2387|    0.1808|    0.0622|
|经营活动现金净流量增长|  -58.3160|  -74.7534|  -63.7150|  -79.0377|
|率(%)                 |          |          |          |          |
└───────────┴─────┴─────┴─────┴─────┘
备注:以上指标P为扭亏为盈,L为持续亏损。

【偿债能力指标】
┌───────────┬─────┬─────┬─────┬─────┐
|财务指标              |2019-12-31|2018-12-31|2017-12-31|2016-12-31|
├───────────┼─────┼─────┼─────┼─────┤
|流动比率              |    1.0940|    0.9605|    1.0397|    0.8486|
|速动比率              |    0.8516|    0.7432|    0.8295|    0.6558|
|资产负债比率(%)       |   60.9873|   63.8400|   64.5705|   70.5385|
|产权比率(%)           |  156.3267|  176.5487|  182.2508|  239.4258|
└───────────┴─────┴─────┴─────┴─────┘
┌───────────┬─────┬─────┬─────┬─────┐
|财务指标              |2019-12-31|2019-09-30|2019-06-30|2019-03-31|
├───────────┼─────┼─────┼─────┼─────┤
|流动比率              |    1.0940|    1.1797|    1.1326|    1.0395|
|速动比率              |    0.8516|    0.9291|    0.9352|    0.7991|
|资产负债比率(%)       |   60.9873|   59.9716|   62.0172|   65.9230|
|产权比率(%)           |  156.3267|  149.8225|  163.2774|  193.4529|
└───────────┴─────┴─────┴─────┴─────┘

【运营能力指标】
┌───────────┬─────┬─────┬─────┬─────┐
|财务指标              |2019-12-31|2018-12-31|2017-12-31|2016-12-31|
├───────────┼─────┼─────┼─────┼─────┤
|存货周转率            |    5.7143|    5.6559|    6.2708|    6.5697|
|流动资产周转率        |    1.6328|    1.5408|    1.6760|    1.8989|
|固定资产周转率        |    3.5795|    2.6985|    2.7299|    2.4767|
|总资产周转率          |    0.9609|    0.8843|    0.9215|    0.9274|
|每股现金流量增长率(%) |  -58.3161|  694.1061|  253.6571|  146.0(P)|
└───────────┴─────┴─────┴─────┴─────┘
┌───────────┬─────┬─────┬─────┬─────┐
|财务指标              |2019-12-31|2019-09-30|2019-06-30|2019-03-31|
├───────────┼─────┼─────┼─────┼─────┤
|存货周转率            |    5.7143|    4.2790|    3.0267|    1.1891|
|流动资产周转率        |    1.6328|    1.1941|    0.7678|    0.3541|
|固定资产周转率        |    3.5795|    2.6750|    1.7135|    0.6358|
|总资产周转率          |    0.9609|    0.7149|    0.4635|    0.2023|
|每股现金流量增长率(%) |  -58.3161|  -74.5544|  -63.7146|  -79.0218|
└───────────┴─────┴─────┴─────┴─────┘
备注:以上指标P为扭亏为盈,L为持续亏损。

【盈利能力指标】
┌───────────┬─────┬─────┬─────┬─────┐
|财务指标(%)           |2019-12-31|2018-12-31|2017-12-31|2016-12-31|
├───────────┼─────┼─────┼─────┼─────┤
|营业利润率            |    5.7145|    4.3097|    0.9468|    0.6033|
|营业净利率            |    5.5232|    4.1290|    0.9902|    1.2951|
|营业毛利率            |   21.6879|   21.7898|   19.6254|   19.1455|
├───────────┼─────┼─────┼─────┼─────┤
|成本费用利润率        |    6.1921|    4.5822|    1.0402|    1.9700|
|总资产报酬率          |    5.4076|    3.8836|    0.9827|    1.4077|
|加权净资产收益率      |   15.0900|   10.3800|    8.5800|   11.1000|
└───────────┴─────┴─────┴─────┴─────┘
┌───────────┬─────┬─────┬─────┬─────┐
|财务指标(%)           |2019-12-31|2019-09-30|2019-06-30|2019-03-31|
├───────────┼─────┼─────┼─────┼─────┤
|营业利润率            |    5.7145|    8.9429|   12.0237|    5.3716|
|营业净利率            |    5.5232|    8.2226|   11.0113|    4.8121|
|营业毛利率            |   21.6879|   21.5700|   21.9528|   23.1381|
├───────────┼─────┼─────┼─────┼─────┤
|成本费用利润率        |    6.1921|    9.8291|   13.3013|    6.0261|
|总资产报酬率          |    5.4076|    6.4107|    5.4838|    1.0328|
|加权净资产收益率      |   15.0900|   16.3700|   14.7400|    3.1200|
└───────────┴─────┴─────┴─────┴─────┘

【发展能力指标】
┌───────────┬─────┬─────┬─────┬─────┐
|财务指标(%)           |2019-12-31|2018-12-31|2017-12-31|2016-12-31|
├───────────┼─────┼─────┼─────┼─────┤
|营业收入增长率        |    1.5760|  -16.7965|   19.8728|  124.0998|
|总资产增长率          |   -1.8262|  -10.7086|  -15.4786|   89.3445|
|营业利润增长率        |   34.6862|  278.7186|         -|         -|
├───────────┼─────┼─────┼─────┼─────┤
|净利润增长率          |   48.8436|   21.3350|  -23.4199|  159.6098|
|净资产增长率          |   13.9884|   -7.7463|    5.9194|   19.8270|
└───────────┴─────┴─────┴─────┴─────┘
┌───────────┬─────┬─────┬─────┬─────┐
|财务指标(%)           |2019-12-31|2019-09-30|2019-06-30|2019-03-31|
├───────────┼─────┼─────┼─────┼─────┤
|营业收入增长率        |    1.5760|    1.0846|    2.3266|    7.4352|
|总资产增长率          |   -1.8262|   -3.8896|    2.0553|    6.6016|
|营业利润增长率        |   34.6862|   68.2114|  116.7670|    6.5661|
├───────────┼─────┼─────┼─────┼─────┤
|净利润增长率          |   48.8436|  106.5429|  174.1467|   17.4845|
|净资产增长率          |   13.9884|    8.0522|    9.4791|   -3.9699|
└───────────┴─────┴─────┴─────┴─────┘
备注:以上指标P为扭亏为盈,L为持续亏损。

【2.报表摘要】
【资产负债表摘要】
┌───────┬──────┬──────┬──────┬──────┐
|指标          |  2019-12-31|  2018-12-31|  2017-12-31|  2016-12-31|
|(单位:万元)  |            |            |            |            |
├───────┼──────┼──────┼──────┼──────┤
|资产总额      |   180400.14|   183755.90|   205793.43|   243480.83|
|货币资金      |    18906.03|    23130.16|    21295.50|    22151.54|
|应收票据及应收|    60088.96|    46377.29|    65770.25|    67871.56|
|账款          |            |            |            |            |
|预付账款      |      783.29|      897.78|     1170.05|      974.69|
├───────┼──────┼──────┼──────┼──────┤
|其他应收款    |     3264.16|     6438.04|     7390.20|     2122.08|
|存货          |    25075.95|    22876.52|    24757.40|    28307.91|
|流动资产总额  |   113174.80|   101117.92|   122451.77|   124571.19|
|固定资产      |    36044.03|    61708.31|    65947.23|    85710.41|
├───────┼──────┼──────┼──────┼──────┤
|负债总额      |   110021.14|   117309.77|   132881.89|   171747.68|
|应付票据及应付|    58727.32|    46391.85|    35508.17|    51230.18|
|账款          |            |            |            |            |
|预收帐款      |      222.42|      325.78|     1201.38|      596.85|
|流动负债      |   103450.08|   105267.79|   117766.71|   146784.59|
├───────┼──────┼──────┼──────┼──────┤
|非流动负债    |     6571.06|    12041.99|    15115.18|    24963.09|
|未分配利润    |    20987.50|    13656.67|     9154.76|     7664.50|
|盈余公积金    |     3336.75|     2599.94|     2524.96|     2332.51|
|母公司股东权益|    65664.86|    57606.60|    62443.68|    58953.94|
|少数股东权益  |     4714.14|     8839.53|    10467.86|    12779.21|
|股东权益合计  |    70378.99|    66446.13|    72911.54|    71733.15|
|商誉          |     5092.14|     3022.41|      403.17|     1144.00|
|在建工程(净额)|     7871.47|     3131.38|      248.27|     3291.62|
|可出售金融资产|           -|     3070.00|     3000.00|     2400.00|
└───────┴──────┴──────┴──────┴──────┘
┌───────┬──────┬──────┬──────┬──────┐
|指标          |  2019-12-31|  2019-09-30|  2019-06-30|  2019-03-31|
|(单位:万元)  |            |            |            |            |
├───────┼──────┼──────┼──────┼──────┤
|资产总额      |   180400.14|   177027.84|   183077.54|   200042.21|
|货币资金      |    18906.03|    31031.04|    31867.16|    34220.23|
|应收票据及应收|    60088.96|    52134.76|    51019.75|    48153.81|
|账款          |            |            |            |            |
|预付账款      |      783.29|     1606.50|     2414.15|     1210.40|
├───────┼──────┼──────┼──────┼──────┤
|其他应收款    |     3264.16|     5112.39|    13225.24|     5935.25|
|存货          |    25075.95|    24399.79|    20964.45|    27310.02|
|流动资产总额  |   113174.80|   114881.77|   120318.34|   118126.58|
|固定资产      |    36044.03|    34714.17|    37511.99|    60412.84|
├───────┼──────┼──────┼──────┼──────┤
|负债总额      |   110021.14|   106166.40|   113539.64|   131873.80|
|应付票据及应付|    58727.32|    46558.21|    45669.81|    50072.59|
|账款          |            |            |            |            |
|预收帐款      |      222.42|      339.51|      292.08|      353.99|
|流动负债      |   103450.08|    97377.14|   106231.66|   113634.61|
├───────┼──────┼──────┼──────┼──────┤
|非流动负债    |     6571.06|     8789.26|     7307.98|    18239.19|
|未分配利润    |    20987.50|    21969.82|    20961.50|    15304.76|
|盈余公积金    |     3336.75|     3295.30|     3213.05|     2775.50|
|母公司股东权益|    65664.86|    66762.43|    65592.05|    59284.49|
|少数股东权益  |     4714.14|     4099.00|     3945.85|     8883.92|
|股东权益合计  |    70378.99|    70861.44|    69537.90|    68168.41|
|商誉          |     5092.14|     3022.41|     3022.41|     3022.41|
|在建工程(净额)|     7871.47|     6133.43|     4910.29|     3744.52|
|可出售金融资产|           -|           -|           -|           -|
└───────┴──────┴──────┴──────┴──────┘

【利润表摘要】
┌───────┬──────┬──────┬──────┬──────┐
|指标          |  2019-12-31|  2018-12-31|  2017-12-31|  2016-12-31|
|(单位:万元)  |            |            |            |            |
├───────┼──────┼──────┼──────┼──────┤
|营业收入      |   174950.64|   172236.20|   207006.01|   172539.16|
|营业成本      |   137007.46|   134706.27|   166380.22|   139505.74|
|营业费用      |     4639.84|     4229.34|     4578.77|     4448.80|
|管理费用      |    12841.49|    12563.22|    16903.30|    25392.38|
├───────┼──────┼──────┼──────┼──────┤
|财务费用      |     2111.54|     3173.69|     5345.52|     3566.98|
|投资收益      |     6087.40|     -222.63|     3399.88|     4105.60|
|营业利润      |     9997.48|     7422.80|     1959.98|     1040.84|
├───────┼──────┼──────┼──────┼──────┤
|营业外收支净额|     -242.16|     -286.51|       62.42|     2386.71|
|利润总额      |     9755.32|     7136.29|     2022.39|     3427.56|
|净利润        |     9287.95|     6240.07|     5142.85|     6715.65|
└───────┴──────┴──────┴──────┴──────┘
┌───────┬──────┬──────┬──────┬──────┐
|指标          |  2019-12-31|  2019-09-30|  2019-06-30|  2019-03-31|
|(单位:万元)  |            |            |            |            |
├───────┼──────┼──────┼──────┼──────┤
|营业收入      |   174950.64|   128964.62|    85008.15|    38819.36|
|营业成本      |   137007.46|   101146.94|    66346.52|    29837.31|
|营业费用      |     4639.84|     2921.30|     1749.05|      839.51|
|管理费用      |    12841.49|     9259.35|     5487.39|     2416.14|
├───────┼──────┼──────┼──────┼──────┤
|财务费用      |     2111.54|     1549.41|     1389.19|      973.76|
|投资收益      |     6087.40|     7017.53|     7017.53|           -|
|营业利润      |     9997.48|    11533.17|    10221.14|     2085.20|
├───────┼──────┼──────┼──────┼──────┤
|营业外收支净额|     -242.16|     -184.42|     -181.50|      -19.12|
|利润总额      |     9755.32|    11348.75|    10039.64|     2066.08|
|净利润        |     9287.95|    10228.82|     9138.25|     1823.65|
└───────┴──────┴──────┴──────┴──────┘

【现金流量表摘要】
┌───────┬──────┬──────┬──────┬──────┐
|指标          |  2019-12-31|  2018-12-31|  2017-12-31|  2016-12-31|
|(单位:万元)  |            |            |            |            |
├───────┼──────┼──────┼──────┼──────┤
|销售商品收到现|   179740.37|   194733.97|   181552.70|   178789.14|
|金            |            |            |            |            |
|经营活动现金流|   185139.32|   203153.95|   197965.86|   202202.45|
|入            |            |            |            |            |
|经营活动现金流|   168667.90|   163638.96|   192986.04|   201560.86|
|出            |            |            |            |            |
|经营活动现金净|    16471.42|    39514.99|     4979.82|      641.58|
|额            |            |            |            |            |
├───────┼──────┼──────┼──────┼──────┤
|投资活动现金流|    14404.20|     2312.00|     5133.06|    14495.77|
|入            |            |            |            |            |
|投资活动现金流|    15484.64|    26301.10|    19458.27|    22697.82|
|出            |            |            |            |            |
|投资活动现金净|    -1080.44|   -23989.10|   -14325.21|    -8202.05|
|额            |            |            |            |            |
|筹资活动现金流|    46947.16|    57441.36|   123227.40|    97266.61|
|入            |            |            |            |            |
├───────┼──────┼──────┼──────┼──────┤
|筹资活动现金流|    58932.42|    80081.54|   106273.80|    83696.76|
|出            |            |            |            |            |
|筹资活动现金净|   -11985.26|   -22640.19|    16953.61|    13569.84|
|额            |            |            |            |            |
|汇率变动的现金|      104.60|      165.57|     -488.16|      107.93|
|流            |            |            |            |            |
|现金流量净增加|     3510.31|    -6948.73|     7120.06|     6117.31|
|额            |            |            |            |            |
└───────┴──────┴──────┴──────┴──────┘
┌───────┬──────┬──────┬──────┬──────┐
|指标          |  2019-12-31|  2019-09-30|  2019-06-30|  2019-03-31|
|(单位:万元)  |            |            |            |            |
├───────┼──────┼──────┼──────┼──────┤
|销售商品收到现|   179740.37|   129579.02|    84429.38|    39954.91|
|金            |            |            |            |            |
|经营活动现金流|   185139.32|   134186.59|    87282.46|    42021.94|
|入            |            |            |            |            |
|经营活动现金流|   168667.90|   124477.65|    79929.31|    39493.74|
|出            |            |            |            |            |
|经营活动现金净|    16471.42|     9708.94|     7353.15|     2528.21|
|额            |            |            |            |            |
├───────┼──────┼──────┼──────┼──────┤
|投资活动现金流|    14404.20|    12972.48|     2616.95|     2143.65|
|入            |            |            |            |            |
|投资活动现金流|    15484.64|     9041.93|     5687.93|     2197.25|
|出            |            |            |            |            |
|投资活动现金净|    -1080.44|     3930.55|    -3070.99|      -53.60|
|额            |            |            |            |            |
|筹资活动现金流|    46947.16|    36920.32|    24400.00|    19400.00|
|入            |            |            |            |            |
├───────┼──────┼──────┼──────┼──────┤
|筹资活动现金流|    58932.42|    35400.26|    17239.45|    10412.39|
|出            |            |            |            |            |
|筹资活动现金净|   -11985.26|     1520.06|     7160.55|     8987.61|
|额            |            |            |            |            |
|汇率变动的现金|      104.60|      513.40|      285.47|     -210.98|
|流            |            |            |            |            |
|现金流量净增加|     3510.31|    15672.96|    11728.18|    11251.24|
|额            |            |            |            |            |
└───────┴──────┴──────┴──────┴──────┘

【3.异动科目】
【资产负债表异动科目】
┌────────┬──────┬──────┬────────────┐
|报表项目(单位: | 2019-12-31 |变动幅度(%) |        原因说明        |
|万元)           |            |            |                        |
├────────┼──────┼──────┼────────────┤
|短期借款        |    31196.01|      -33.12|减少合并方科阳光电。    |
├────────┼──────┼──────┼────────────┤
|在建工程        |     7871.47|      151.37|增厂房建设工程金额增加。|
├────────┼──────┼──────┼────────────┤
|无形资产        |     4036.56|      -27.88|减少合并方科阳光电、摊销|
|                |            |            |减少。                  |
├────────┼──────┼──────┼────────────┤
|长期借款        |     4008.71|      -58.97|减少合并方科阳光电。    |
├────────┼──────┼──────┼────────────┤
|应收账款        |    46051.34|       26.12|天线业务销售增长,应收账|
|                |            |            |款增加。                |
├────────┼──────┼──────┼────────────┤
|固定资产        |    36044.03|      -41.59|减少合并方科阳光电、处置|
|                |            |            |减少固定资产、计提折旧。|
└────────┴──────┴──────┴────────────┘

【利润分配表异动科目】
┌────────┬──────┬──────┬────────────┐
|报表项目(单位: | 2019-12-31 |变动幅度(%) |        原因说明        |
|万元)           |            |            |                        |
├────────┼──────┼──────┼────────────┤
|财务费用        |     2111.54|      -33.47|贷款减少,利息支出减少。|
└────────┴──────┴──────┴────────────┘

【现金流量表异动科目】
┌────────┬──────┬──────┬────────────┐
|报表项目(单位: | 2019-12-31 |变动幅度(%) |        原因说明        |
|万元)           |            |            |                        |
├────────┼──────┼──────┼────────────┤
|投资活动现金流出|    15484.64|      -41.13|主要原因是2018年购买子公|
|小计            |            |            |司股权的投资支出多      |
├────────┼──────┼──────┼────────────┤
|筹资活动产生的现|   -11985.26|       47.06|主要原因是筹资借款和还款|
|金流量净额      |            |            |减少。                  |
├────────┼──────┼──────┼────────────┤
|投资活动现金流入|    14404.20|      523.02|主要原因是处置固定资产收|
|小计            |            |            |到的现金增加,处置子公司|
|                |            |            |科阳光电和江苏硕贝德股权|
|                |            |            |收到的现金增加。        |
├────────┼──────┼──────┼────────────┤
|经营活动现金净流|    16471.42|      -58.32|主要原因是减少合并芯片封|
|量净额          |            |            |装业务,天线业务销售增长|
|                |            |            |,公司整体销售收款同比减|
|                |            |            |少,采购付款同比增加。  |
└────────┴──────┴──────┴────────────┘

【4.环比分析】
┌───────────────────────────────────┐
|                               2019年度                               |
├────┬───────┬───────┬──────┬───────┤
|        |主营收入(万元)|占年度比重(%)|净利润(万元)|占年度比重(%)|
├────┼───────┼───────┼──────┼───────┤
| 一季度 |      38819.36|         22.19|     1823.65|         19.63|
| 二季度 |      46188.79|         26.40|     7314.60|         78.75|
| 三季度 |      43956.47|         25.13|     1090.57|         11.74|
| 四季度 |      45986.02|         26.29|     -940.87|        -10.13|
└────┴───────┴───────┴──────┴───────┘
┌───────────────────────────────────┐
|                               2018年度                               |
├────┬───────┬───────┬──────┬───────┤
|        |主营收入(万元)|占年度比重(%)|净利润(万元)|占年度比重(%)|
├────┼───────┼───────┼──────┼───────┤
| 一季度 |      36132.81|         20.98|     1552.25|         24.88|
| 二季度 |      46942.53|         27.25|     1781.09|         28.54|
| 三季度 |      44708.52|         25.96|     1619.05|         25.95|
| 四季度 |      44452.34|         25.81|     1287.68|         20.64|
└────┴───────┴───────┴──────┴───────┘

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