Financial Statements Of Wuliangye Group

Financial statements can reflect the company’s financial situation, operating performance and development trend, investors understand the company, the most comprehensive, the most informative first hand data. And financial statements are the main tool for enterprise financial management personnel, such as shareholders, creditors, banks, suppliers. Government and enterprise financial management personnel need to understand the overall situation and financial strength.Based on the enterprise’s financial statements and related data, the financial statements are used to obtain the accounting information, the change trend and the forming reasons of enterprise financial situation, operating results and cash flow. The final goal is to help the users evaluate the development potential and predict the future development direction.In recent years, as the economic slowdown in China, a number of government enforcement prudent policies as well as liquor plasticizer continue to be affected. China’s liquor industry, began to experience adjustments. Liquor consumption patterns and market structure undergone major changes, the liquor industry, especially high-end liquor sector business environment bring great challenges. As a leading enterprise having passed many years of development in the liquor industry, Wuliangye group are widely concerned. Wuliangye group were more foncued for its operating income decline, profit margins, operating in poor condition In 2013 years. This thesis analyzes the Wuliangye group’s financial statements, including balance sheet, profit statement and cash flow statement, and also analyze operating ability and growth ability combined with various elements. Wuliangye group’s liquidity is enough, has a strong ability to repay the debt, operating activities generated cash flow to meet the needs of the group although Wuliangye Group sales decline in sales in 2013.This thesis is divided into five parts:The first part mainly expounds the background and significance of the research.The second part introduces the related concepts of financial statement analysis, including the classification, significance, and the most commonly used analysis methods in the analysis of financial statements.The third part analyze financial statement between 2010-2014 in a details from the lateral and longitudinal views, which are on the basis of the basic data of Wuliangye Group Co., Ltd.The fourth comparatively analyze the two year financial statement of Wuliangye Group Co., Ltd in these aspects of solvency ability, profitability ability, operational capacity,growth ability. And give some evaluation based on these data indicators. Based Du Pont Analysis, the varying factors of eturn on equity are found out in compared years.The fifth part summaries the problems and countermeasures in the financial management of Wuliangye on the basis of the analysis above, which is expected to have some help to the development of the group, and to provide a reference for other enterprises.