The Research On Financial Analysis System Of HCD Company Based On EVA

With the rapid development of China’s economy,Competition between various types of enterprises has entered a white-hot stage.To maintain a healthy development trend,more companies began to focus on the Value Creation Management.In the process of financial management objectives changing,the traditional financial analysis system has been unable to meet these needs.The financial analysis system implemented by each enterprise is unable to keep up with the goal of maximizing enterprise value.They take profits as the core,ignoring the company’s equity capital costs,is not conducive to long-term sustainable development.In order to help enterprises more effective use of financial information resources,and promote the healthy operation of enterprises,improve the value of business creation,we need to establish a financial analysis system that can effectively meet the new needs of enterprise management.Therefore,through the study of EVA and financial analysis system,using the DuPont financial analysis system as a framework basis,according to the actual situation of HCD company,establish an EVA-based financial analysis system,overcome the shortcomings of the traditional financial analysis system,more comprehensive reflection of the company’s financial situation.On the basis of extensively studying the related literature at home and abroad,research the theory and the present situation of financial analysis system and EVA,elaborated the financial analysis and the financial analysis system theory foundation and the research present situation.At the same time,also studied the meaning of EVA,calculation methods and characteristics.By analyzing the status quo of the Improvement of Financial Analysis System with EVA Theory,understand that a series of financial indicators of EVA can accurately measure the value creation ability of enterprises,which lays the theoretical foundation of the new financial analysis index system.Through the elaboration and analysis of the current financial analysis system of HCD Company,find it in shortcomings.To make up for the company’s financial analysis system deficiencies,based on the principle of financial analysis index construction,Choose the EVAOE indicators as the core to build a financial analysis system.And use this new financial analysis system in the HCD company.Analyzing the company in the value creation level,profitability level,asset management level,solvency level,the level of development capacity level,Revealing the problems of HCD company.So that the company stakeholders can grasp the company’s financial situation better.Thus,reasonable decisions can be made.Finally,put forward safeguards of the implementation of EVA-based financial analysis system.