盈利能力是指企业利用各种经济资源获取利润的能力，也是经营成果的表现。我

Profitability refers to the ability of an enterprise to use various economic resources to obtain profits, and is also a manifestation of operating results. When we analyzed the profitability of Maohua Shihua, we can see that the company's various profit indicators in 2018 began to decline, and the net sales rate was decreasing year by year, although the operating income of Maoming Shihua Shihua in the past three years was generally Growth, and in 2017, the growth rate is faster, but operating costs and financial expenses are also accelerating. There is a phenomenon that operating income is increasing but sales net profit is decreasing. The operating profit in 2018 decreased by 35.8% compared with 2017, the company achieved a total operating income of 4.32 billion yuan, a year-on-year decrease of 1.99%; the net profit attributable to shareholders of listed companies was 37.25 million yuan, a year-on-year decrease of 62.52%, reflecting the company ’s profit status Poor.

盈利能力是指企业利用各种经济资源获取利润的能力，也是经营成果的表现。我们在对茂化实华的盈利能力进行分析时，可以看出该企业在2018年的各项盈利指标开始下降，销售净利率在逐年递减，虽然近三年茂名石化实华的营业收入总体在增长，而且2017年增长速度较快，但是营业成本、财务费用也在加速增长，出现了营业收入在增长但是销售净利润在减少的现象。2018年的营业利润较2017年下降了35.8%，公司实现营业总收入43.2亿元，同比下降1.99%；实现归属于上市公司股东净利润3,725万元，同比下降62.52%，反映出公司的盈利状态较差。

Profitability refers to the ability of an enterprise to make profits from various economic resources, and also the performance of its business results. When we analyze the profitability of Maohua Shihua, we can see that the profitability indicators of the company began to decline in 2018, and the net sales interest rate was decreasing year by year. Although the overall operating revenue of Maoming Shihua increased in the past three years, and the growth rate was relatively fast in 2017, the operating cost and financial expenses were also accelerating, and the operating revenue was increasing The phenomenon that the net profit of sales is decreasing. The operating profit in 2018 decreased by 35.8% compared with that in 2017, and the total operating revenue of the company was 4.32 billion yuan, down 1.99% year-on-year; the net profit attributable to shareholders of the listed company was 37.25 million yuan, down 62.52% year-on-year, reflecting the poor profitability of the company.<br>