Y集团公司战略和财务状况的分析和评价——基于哈佛财务报表分析框架
Analysis and Evaluation of Y Group's Corporation Strategy and Financial Situation—Based on Analysis of Financial Statements From Harvard Framework
Abstract
2008年金融危机爆发以后,政府推出了四万亿的救市计划,从而带动了大宗商品贸易和房地产两年的快速发展,但随之而来的是产能过剩和房价的快速上涨,给国民经济带来了巨大的压力。在经历了史上最严厉的房地产调控和对大宗商品进行的去产能化过程后,大量的房地产企业和钢贸企业生存困难。 本文选取在大宗商品贸易和房地产业务均有涉足的Y集团,以2010—2013年度的财务报表等相关资料为基础,运用哈佛分析框架,从战略分析、会计分析、财务分析和前景分析四个维度,结合杜邦财务分析和EVA分析去评价Y集团的财务状况和经营成果,指出战略上存在的不足。通过本文的分析,得出目前Y集团财务状况较差、盈利能力低下、财务风险较高... After the outbreak of the 2008 financial crisis, the government launched a four-trillion bailout, which led to the rapid development of bulk commodity trade and real estate for two years, but the following over-capacity and rapid rise in housing prices brought huge pressure for national economy. A large number of real estate companies and steel trade enterprises face big difficulty in survival bec...