Yutong Bus Company Financial Statements Analysis

The corporate accounting and financial statements can reflect the corporate basic financial position, the operating result and the cash flow situation on a particular date or during one period of time. Understanding and using correctly the statements information will help the company know the past situation, evaluate the current condition and hold the future operating. The paper selects the listed company--Zhenzhou Yutong Bus Co.,Ltd as the researching target. In the course of researching and analyzing the financial situation, the knowledge and skills of the courses of accounting, financial management and financial analysis are used synthetically. This analysis is based on recent four years'main accounting and financial statements of the corporate and also refers to the statements annotations and other related information.In the paper, the first chapter introduces the basic theories of the accounting and financial statements analysis such as the concerned notion, information data, research methods and principles, the limitation of the statements analysis and so on.The second chapter introduces the brief background of the corporate and researching frame. The third chapter that is the core part of the whole paper analyzes respectively each of the three main statements in detail. The profit structure, the long-term ability of gaining profit and the ability that the profit earns cash are studied seriously about the income statement. In addition, The Du Pont System is used during analyzing the income statement. When the balance sheet is studied, the attention is paid to the assets'quality and structures. Accordingly, the solvency of the long-term and short-term debts, the operating efficiencies of all sorts of assets and the ability that all resources acquire profits become the emphasis of studying. About the funds flow statement, the structure of cash flow is similarly analyzed. Moreover, the ability that the corporate earns cash, the quality condition of the cash and the ability that the cash may be used to pay are studied carefully. Then the paper summarizes and evaluates synthetically the corporate finance position on the basis of the foregoing analyses. Besides, the suggestion which maybe promote the corporate'finance management is brought forward. At last,the paper describes the limitations and the shortcomings which the author thought of in the course of finishing the paper.In view of such facts that the author did not visit Zhenzhou Yutong Bus Co.,Ltd to investigate the finance information data by himself and all the information data come from the open media, the author would like to get guidance and correct the errors further if any information data differ from the authentic data.