基于财务报表分析的柿竹园公司价值增长研究

发布时间：2018-06-22 04:37

本文选题：财务分析 + 价值增长　；参考：《中南大学》2014年硕士论文

【摘要】：摘要：现代企业的经营目标是价值最大化,而财务报表是企业经营活动的缩影,是传递财务信息的载体。通过财务报表的分析,可以了解企业的财务状况、经营成果、现金流量,可以了解企业的偿债能力、营运能力、盈利能力、发展能力,进而可以评价企业的价值。本文对湖南柿竹园有色金属有限责任公司2010-2012年的财务报表进行全面的分析与解读。首先对矿业行业的行业特征及地位、行业背景、行业经营效益进行分析并对中国五矿公司和柿竹园公司的概况进行了介绍,其次对该公司2010-2012年度的财务状况、经营成果、现金流量进行全面分析。一方面通过比较分析法、比率分析法、趋势分析等方法对该企业的资产负债表、利润表、现金流量表三大主要财务报表进行细致深入的分析,评价其财务状况和经营成果；另一方面详细全面地对公司的偿债能力、营运能力、盈利能力、发展能力等财务指标进行定量和定性的分析和评价。结合以上分析,本文分别从资本成本方面、自由现金流方面、存续期方面找出该公司在价值增长中存在的问题。接下来从经济环境、金融环境、法律环境、行业周期、行业竞争对手等外部环境因素和技术、管理、投资等企业内部环境因素深入分析这些问题的形成原因,并从降低资本成本、增加自由现金流、延长存续期三个方面着手,对柿竹园公司的价值提升提出了相应的策略,以期为柿竹园公司的财务管理者提出些许借鉴。
[Abstract]:Absrtact: the aim of modern enterprise is to maximize the value, and the financial statement is the epitome of the business activity and the carrier of transmitting the financial information. Through the analysis of financial statements, we can understand the financial situation, operating results, cash flow of enterprises, can understand the solvency, operating capacity, profitability, development ability, and then can evaluate the value of enterprises. The financial statements of Hunan Shizhuyuan Nonferrous Metals Co., Ltd. 2010-2012 are analyzed and interpreted. Firstly, the paper analyzes the industry characteristics and status, industry background, industry operating efficiency of mining industry, and introduces the general situation of China Minmetals Company and Shizhuyuan Company. Secondly, it introduces the financial situation and operating results of the company in 2010-2012. A comprehensive analysis of cash flows is carried out. On the one hand, through comparative analysis, ratio analysis, trend analysis and other methods to the balance sheet, income statement, cash flow statement of the three major financial statements for careful and in-depth analysis, to evaluate its financial situation and operating results; On the other hand, quantitative and qualitative analysis and evaluation of the company's solvency, operating capacity, profitability, development ability and other financial indicators are carried out in detail and comprehensively. Combined with the above analysis, this paper finds out the problems in the growth of the company's value from the aspects of capital cost, free cash flow and duration. Next, from the economic environment, financial environment, legal environment, industry cycle, industry competitors and other external environmental factors and technology, management, investment and other internal environmental factors of enterprises to analyze the formation of these problems. From the aspects of reducing the cost of capital, increasing free cash flow and prolonging the life span, this paper puts forward the corresponding strategies to enhance the value of Shizhuyuan Company in order to provide some reference for the financial managers of Shizhuyuan Company.
【学位授予单位】：中南大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F231.5;F426.3;F406.7

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