Financial Statement Analysis Of Yantang Dairy Co.,Ltd

With the continuous development of China's market economy,the competition between enterprises to survive the fittest is becoming more and more fierce.In the dairy industry,large dairy enterprises continue to expand the national market through merger and acquisition and integration of small enterprises,while some local dairy enterprises,such as Yantang dairy industry,are facing not only regional peer competition,but also large dairy enterprises such as Yili and Mengniu Market penetration.How to maintain its steady development in the fierce competition environment has become the core issue of Yantang dairy industry managers.Financial statements can comprehensively reflect the financial status,operating results and cash flow of the enterprise.It is a summary and evaluation of the completed financial activities.The analysis of financial statements of Yantang dairy industry will help the enterprise to recognize the current situation and achieve sustainable development.In this paper,when analyzing the financial statements of Yantang dairy industry,firstly,the research background,purpose and significance are described.By collecting and sorting out the literature,the related domestic and foreign research status of financial statement analysis is reviewed,and the research content and research methods of this paper are clarified.Secondly,it introduces the meaning,method,goal and significance of financial statement analysis,and introduces several commonly used financial indicators,which lays a theoretical foundation for the study of this paper.Thirdly,it introduces the development of Yantang dairy industry and its main business.Based on the theory of financial statement analysis,using the trend analysis and structural analysis,it analyzes the financial situation,operating results and cash flow of Yantang dairy industry in turn based on the balance sheet,profit statement and cash flow statement of Yantang dairy industry.Then,it takes the relevant financial indicators as the assessment Based on the analysis of the financial data of Yantang dairy industry in recent years,to evaluate the changes of its solvency,operation ability,profitability and growth ability,and to find the gap between Yantang dairy industry and its peers by comparing the financial indicators with Yili and new hope dairy industry;to find out the impact of the comprehensive financial analysis method of Du Pont Combined with the larger financial capacity.Through the above analysis,the paper finds out the deficiencies in the finance and operation of Yantang dairy industry,and puts forward specific improvement measures,such as reasonable arrangement of financing structure,strengthening the management ability of accounts receivable and inventory,strengthening the control of cost and expense,increasing the input of popular products according to the preferences of consumers,etc.,which will help the enterprise to achieve sustainable development.