Financial Statements Analysis Of Bright Dairy & Food Co.,Ltd.

Chinese people's living standard increases greatly, people demand for milk and dairy products in their daily life, which makes the Chinese dairy industry is developing rapidly. Chinese vast market, attracting many investors to invest in the dairy industry, and some foreign brands of dairy products has entered the Chinese market, which makes Chinese dairy industry's competition get more and more intense.In the Chinese market, the relatively large dairy giants have Mengniu Group, Yili Group, Beijing ternary, Wandashan and Bright Dairy & Food Co.,Ltd., and so on.Financial statements analysis can correctly evaluate the company's past, can fully reflect the company's current situation, can also be used to predict the company's future, the users of financial statements can understand and grasp the financial position and operating results of an enterprise to provide an important basis.Bright Dairy & Food Co.,Ltd. has been a leader in Chinese dairy industry, and it occupied a large market share. Financial statement analysis can evaluate the company's past operation, can fully reflect the company's current situation, and also can be used for future forecast. In this thesis, "Bright Dairy & Food Co.,Ltd." as the case of analysis, make a comprehensive analysis on four years of financial statements.The analysis can provide investors and statement users a comprehensive and clear analytic framework.Analyze the financial statements of Bright Dairy & Food Co.,Ltd. from three perspective of strategic analysis, financial analysis and prospect analysis by using horizontal analysis method, vertical analysis method, and ratio analysis method.Among them, horizontal analysis method to analyze changes in each accounting account from four years financial statements, and analyze the reasons of changes;using vertical analysis method to analyze the overall trend of account proportion in the past four year; using ratio analysis method to analyze the profitability capability,operating capability and solvency capability. Through a variety of analysis, strategic analysis and prospects, conduct a comprehensive financial statements analysis for Bright Dairy & Food Co.,Ltd.. Find out the problems during operating process, and provide solutions for each problem by analyzing the financial statements of Bright Dairy & Food Co.,Ltd..