Analysis On Profitability Of Anhui Conch Cement Co.,LTD.

China’s economy has experienced high-speed development after the reform,due to the constant expansion of the economic dimension and base,in the country’s economic development by the high speed to the high speed condition,growth remain at around 6.5%,national economy into the new normal.Prior to the great capacity,in order to develop its economy and formed under the pull of economic high growth of capacity investment inertia,formed a serious excess capacity,the cement industry is one of the most typical representative in industries with excess capacity.On the one hand,the cement industry has a hard time and time.Network report according to the Chinese industry of China’s cement industry development in 2015-2020 study analysis and development trend forecast conclusion,points out that the cement consumption after 2020 in China will decline year by year,in 2030 into the plateau,about 800 million tons/year.3.3 billion tons of existing cement production capacity and the forecast demand of 800 million tons in the next 12 years,there is a full three times difference.On the other hand,cement produces a lot of dust,harmful gas and waste water in the process of production,causing serious environmental problems.Therefore,the reality of the objective demand of the cement industry to the production capacity and the urgent need of ecological environment governance and improvement in China will have a great impact on the cement industry in China.Based on the research of the listed cement enterprise financial statements can be found that profitability of conch cement was obviously higher than that of other enterprises,according to figures released China cement net conch cement in 2006 to 2016,10 years accumulative total profit of 92.4 billion yuan,accounting for 17% of the total industry profits,accounted for the highest in 2016,22.5% of the whole industry,specific to the profit per ton higher than the industry overall 21 yuan.In the first half of 2017,the total profit was 9.245 billion yuan,accounting for 27.7% of the total cement industry.This phenomenon has caused wide attention of the society,this article from the perspective of management with financial statement analysis,and combining the factor analysis method using improved financial analysis system of conch cement nearly three years of financial statement analysis,and selected BBMG as sample were analyzed.Therefore,we hope to make a deeper analysis on the profitability of conch cement.