平高电气年报分析

发布时间：2018-04-23 20:36

本文选题：平高电气 + 年报　；参考：《西南交通大学》2016年硕士论文

【摘要】：年报是利益相关者了解上市公司最重要的一种方式,通过对上市公司年报的解读和分析,可以全面准确地了解过去,评价现在和预测未来。本文以国家电网公司下属平高电气公司(A股代码600312)为研究对象,对2010-2014年平高电气的年报进行解读,分析其公司经营管理水平,并在此基础上给出研究结论,对公司管理提出改进建议。全文首先回顾了财务分析的产生和发展,介绍了财务分析的主要方法；并简单介绍了平高电气公司概况、发展历程及其主要产品的情况；针对平高电气2010-2014年报中的资产负债表,利润表,现金流量表及所有者权益变动表进行了详尽的分析和总结；然后从偿债能力、盈利能力、营运能力、发展能力、现金获取能力等五个维度对平高电气2010-2014年财务情况进行分析；文中选取了三家A股上市电气设备制造企业进行同行业横向比较,了解平高电气在行业中所处位置,从而发现其与同行公司之间的优势和不足,便于找准方向、改进提高。文中利用杜邦分析法对平高电气2010-2014年净资产收益率变化因素进行逐一拆解,以发现企业成长的秘密；利用SWOT分析法分析了平高电气的优势、劣势、机会和威胁：介绍了电气设备行业的未来发展趋势,并结合这一趋势对平高电气提出发展建议。最后综合之前研究,得出研究结论,并在此基础上对平高电气的公司治理给出看法和建议。此外,文中还介绍了一种基于财务指标排名的综合分析法,并以平高电气为例对这一方法的运用进行了说明。与标准财务比率与综合系数分析、沃尔综合评分分析法相比较,这一方法回避了标准值、平均值的选取和使用,减少了标准值、平均值产生过程的统计误差,希望能给大家今后的财务综合分析带来一定帮助。
[Abstract]:Annual report is the most important way for stakeholders to know the listed company. Through the interpretation and analysis of the annual report of the listed company, we can fully and accurately understand the past, evaluate the present and predict the future. Taking Pinggao Electric Company (A share Code 600312) of State Grid Company as the research object, this paper interprets the annual report of Pinggao Electric Company from 2010-2014, analyzes the management level of Pinggao Electric Company, and gives the conclusion of the research. Make suggestions to improve the management of the company. First of all, the paper reviews the emergence and development of financial analysis, introduces the main methods of financial analysis, and briefly introduces the general situation, development history and main products of Pinggao Electric Co., Ltd., aiming at the balance sheet of Pinggao Electric Annual report 2010-2014. The income statement, the statement of cash flow and the statement of changes in owners' equity are analyzed and summarized in detail; then, from the perspective of solvency, profitability, operating capacity, and development capacity, This paper analyzes the financial situation of Pinggao Electric from 2010 to 2014 from five dimensions, and selects three A-share listed electric equipment manufacturing enterprises to carry out horizontal comparison with the same industry to understand the position of Pinggao Electric in the industry. Thus, the advantages and disadvantages between the company and its peers are found, and it is convenient to find the right direction and improve. In this paper, DuPont analysis method is used to analyze the factors of the change of the return on net assets of Pinggao Electric from 2010-2014 to find out the secret of the growth of the enterprise, and the advantages and disadvantages of Pinggao Electric are analyzed by using the SWOT analysis method. Opportunities and threats: this paper introduces the future development trend of electrical equipment industry, and puts forward some suggestions on the development of Pinggao Electric combined with this trend. Finally, after synthesizing the previous research, the conclusion is drawn, and on this basis, the views and suggestions on the corporate governance of Pinggao Electric are given. In addition, a comprehensive analysis method based on financial index ranking is introduced, and the application of this method is illustrated with Pinggao Electric as an example. Compared with the standard financial ratio and the comprehensive coefficient analysis, the method avoids the standard value, selects and uses the average value, reduces the statistical error of the standard value, the average value produces the process, Hope to give you in the future financial comprehensive analysis to bring some help.
【学位授予单位】：西南交通大学
【学位级别】：硕士
【学位授予年份】：2016
【分类号】：F426.6;F406.7

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