新疆特变电工股份有限公司财务分析及问题诊断

发布时间：2018-01-08 12:17

本文关键词：新疆特变电工股份有限公司财务分析及问题诊断　出处：《石河子大学》2014年硕士论文　论文类型：学位论文

【摘要】：我国经济正处于快速增长期，电力发展是促进经济增长的先行官，只有电力需求与国民经济增长相适应，才能继续保持强劲稳定的发展态势。随着我国对特高压电网的大力建设，发电、输变电设备行业呈现出平稳较快的发展趋势。新疆特变电工股份有限公司作为电力设备行业中的龙头企业，成长性颇为良好。在2012年特变电工总资产达到420多亿，并在新材料、新能源领域呈现出日新月异的发展势头，但公司通过不断扩大规模和开拓新市场来获取收益的同时也面临着运营风险，而财务数据往往能够最真实的反映出公司的经营状况。本文通过对特变电工的相关财务数据进行财务分析和问题的诊断，充分认识到企业未被利用的资源，，发现特变电工在实际经营过程中存在的不足之处，并找出企业之所以出现财务状况问题的真实原因，从而提出改善经营状况的解决对策，以便企业能在竞争中获得长期竞争优势。本文主要通过对特变电工公司近5年（2008-2012）的财务报表进行分析解读，运用结构分析和趋势分析来了解公司整体财务现状和近几年内的财务发展情况；运用雷达分析法对特变电工公司与电力设备行业优秀企业中国西电进行对比分析，找出影响盈利能力的因素；使用改进后的杜邦分析法分析特变电工公司与行业平均值之间的差距；进一步用因素分析法分析出各因素对净资产收益率变化的影响因素和影响程度。通过对特变电工的财务分析及问题诊断，发现特变电工正处于创造价值的阶段，成长性十分良好，对于在发展过程中面临的经营问题，本文的主要经营建议如下：第一，通过加强质量管理与成本控制、提高设备使用率等手段来进一步强化经营活动的盈利能力，通过建立企业存货内部控制制度、库存地调整等方法来减少企业积压存货；第二，通过拓展销售渠道、减少库存和期间费用等方式来增强对资产的运营管理以及采取更合理的投资，增强企业对于投资活动的获利能力。第三，适当的扩大资产负债率，适应公司规模不断扩大的整体战略，并且加大科技研发的投入，不断提升产品附加值；以转型升级为核心，探索有效的产学研用结合、信息技术融合的新产品开发，培育新的利润增长点，不断的提高企业发展能力。
[Abstract]:China's economy is in a period of rapid growth, the development of electric power is to promote economic growth in the vanguard, the only power demand and economic growth to continue to maintain a strong momentum of development and stability. With the construction of UHV power grid, China's power generation, power transmission equipment industry has shown a steady and rapid development trend in Xinjiang. TBEA Limited by Share Ltd as the power equipment industry leading enterprises, growth is quite good. In 2012, TBEA's total assets reached about 42000000000, and in the new material, the new field of energy momentum change rapidly, but the company continues to expand the scale and develop new markets to obtain benefits while also facing the operating risk, and financial data most often can reflect the status of the company. This paper through financial analysis and related financial data of TBEA The diagnosis, to fully understand the enterprise resource not being utilized, found deficiencies in the actual operating process of TBEA, and find out the real reason why enterprise financial condition problem, and put forward countermeasures to improve the operating conditions, so that the enterprise can obtain the long-term competitive advantage in the competition.
This paper mainly through the TBEA company nearly 5 years (2008-2012) of the financial statements were analyzed and interpreted using the trend analysis and structure analysis to understand the company's overall financial situation and in recent years, the development of financial situation; using radar analysis of excellent company TBEA and electric power equipment industry Chinese West comparative analysis, find out the factors effect of profitability; using the improved DuPont analysis between TBEA company and the industry average gap; further by using factor analysis method to analyze the change of the influence factors and the impact of various factors on the rate of return on net assets.
Through the financial analysis and problem diagnosis of TBEA TBEA, that is in the value creating stage, growth is good, for the management problems in the process of development, the main business proposals in this paper are as follows: first, through the strengthening of quality management and cost control, profitability and further strengthen business activities to improve equipment utilization other means, through the establishment of enterprise internal control of inventory system, inventory adjustment method to reduce the enterprise inventory; second, by expanding sales channels, reduce inventory and cost during the way to enhance the operation and management of assets and take more reasonable investment, enhance the profitability of enterprises for investment activities. Third, appropriate the expansion rate of assets and liabilities, to adapt to the overall strategy of the company continues to expand the scale, and increase R & D investment, improve the added value of products Taking transformation and upgrading as the core, we should explore effective combination of production, teaching and research, and develop new products with information technology integration, cultivate new profit growth points, and constantly improve the development capacity of enterprises.

【学位授予单位】：石河子大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F406.7;F426.6

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