Financial Statements Analysis Of Yanjing Beer

Although financial statements provide materials of financial position and managing achievements in enterprises, but apparently, we can not get useful information unless adopt some analysis methods and techniques to analyze balance sheet, income statements and cash flow statements comprehensively, at the same time realize the limitation of financial statements themselves and consider the reality of enterprise. This systematic and dynamic process is called financial statements analysis. Only through analyzing the financial statements, can it make the information user acquire the information of financial position and managing achievement in order to guide the decision. This paper, from a outside user's view, based on the theories and research methods of company's financial management and financial report analysis, applying multiple analysis methods such as ratio analysis, comparative analysis and common-size financial statements, analyze the key financial data and its development tendency of Yanjing Beer from 2003 to 2005, especially 2005. Finally, review the company's financial position and operational performance, point out some problems in operation and management, and provide suggestions for reference. Furthermore, hope it's helpful to evaluate the company's investment value in stock market.