Analysis On Financial Report Of ZhongXing Communication Corp, Limited

This paper, from a financial report outside user' s point of view, based on the theories and research methods of company' s financial management and financial report analysis, by means of analysis on financial report and annual report made public by a listed company -Shenzhen ZhongXing communication Corp, Limited. Elaborates the company' s financial position and operational performance, points out problems in operation and management, provides suggestions for decision-makers' reference, and evaluates its positive reference effect on investment value in stock market.This paper comprises four parts:Part 1 : Introduction. This part makes a brief introduction to the purpose of selection of case and the analytical methods adopted in this paper.Part II : Theory description . this part makes a detailed introduction to the analytical methods adopted and related theories used in this paper, makes thorough analyses on "debt paying ability" and "profitability", which are the most concerned issues of financial report, and then points out the limitations of traditional analytical index mark and puts forward improvement methods.Part III: Case analysis. This part includes several aspects as follows:1. Introduction to sample.2. Introduction to industry-wide background and company's current situation.3.Analysis on Zhongxing Communication Company's financial report.by means of structure analysis .ratio analysis, comparison analysis and tendency analysis. It makes analysis and evaluation on the company' s financial position and operational performance from seven aspects, which are assets structure, short-term debt paying ability, operation capacity, profitability and profit quality, long-term debt paying ability, analysis on cash flows, and "the Du pont system" analysis.Part IV: Conclusion.On the basis of analysis in the former three parts, this part draws a conclusion and points out problems and puts forward suggestions for managers in the company.