Vale’s Financial Statement Analysis

Vale of Brazil, founded in 1942, is the Brazilian government together to create the myth of Brazil, is currently the world’s top three ore giant. Vale is mainly engaged in iron ore, as well as business bauxite, manganese, nickel, and other minerals, currently dabbling in ports, shipping and energy of the large enterprise groups.. By 2014, vale’s assets of$116.489 billion, become one of the most profitable companies in the world.Vale in recent years, increasing their own production, in 2014 iron ore, copper and gold record, annual output of 331.6 million tons of iron ore supply, the production of copper to a record 379700 tons, the output of gold hit a record 321000 ounces. Nickel output reached 275000 tons, the highest since 2008. Powerful ship plan at the same time, build the independent route, there will be more monopoly price, no doubt to our country’s steel industry and shipping industry caused great crisis. Enemy and know yourself, can ever victorious, in order to be able to better understand the management circumstance of vale, understand its continuously into the cause of the shipping industry in our country, this article through to the vale of their own development and the industrial chain, elaborates the situation of shipping industry in China, and combining with eight years of 2007-2014 annual financial statements analysis, the structure of the assets, liabilities, funding sources and USES of dividend distribution, income, cost, tax and so on, through the data found that vale management situation, finally on the basis of the thorough understanding, analyses the reason of vale to invade our country shipping industry, so that the future can be more effective to vale’s monopoly stopped the momentum, but also offer some reference for our country shipping business.