| The financial statements are the epitome of business activity, and the transmission offinancial information. Financial statement analysis is a process of analyzing and evaluatingthe financial situation, operating results and cash flows based on the enterprise financialstatements and other information, using professional analysis tools and methods, in order toeffectively find useful information from the financial statement and the cause of changing ofoperation and financial condition. Financial statement analysis is the sharp weapon ofgrasping essence of the enterprise management and also an important basis for theleadership’s decision-making and operation activities, which is important in the dailyoperating activity of the enterprise.This paper detailedly analyzed the financial data of Guangzhou Iron&Steel (GIS) in theyears of2008-2010. The analysis combines the steel industry operation environment analysisand the traditional financial statement analysis. First, starting from the steel industryenvironment analysis, we accurately position the enterprise internal situation and the externalenvironment. Then we comprehensively analyze financial position, operating results and cashflows of the company in2008-2010. Meanwhile, three major financial statement and the mainfinancial indicators are detailed analyzed through comparative analysis, ration analysismethod, and trend financial analysis method to evaluate the financial and operating conditionof the company and to identify the profit motivation. On the other hand, through thecomparative analysis with Wuhan Steel、Valin Steel and SGIS, we minutely analyzed andevaluate the debt paying ability、operating capability、developing capability and profitabilitycapability and other financial ratio of GIS, to identify the problems of the company in theproduction process, and proposed several advice for the future development of GIS, I expectthis paper can provide a little reference foe the financial management of GIS. |
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