格力電器財(cái)務(wù)分析報(bào)告

1、.：.；Zhuhai gree electric appliances co., LTD., financial analysis reportAbstract: enterprises financial statements to reflect the enterprise in a certain period of the financial position, operating results and cash flow conditions. Correct understanding and analysis of financial statements informati

2、on will help the enterprise management comprehensive understanding accurately in the past, evaluate and predict the future now. This paper choose the gree electric appliances in 2021-2021 financial statements of listed companies as the research object, this paper introduces the theory and method of

3、financial statement analysis, the general, mainly using ratio analysis method and the method of comparative analysis, analyze the gree electric company in recent years, financial situation and evaluation.Keywords: gree electric appliances ratio analysis and comparison analysis of financial statement

4、s HYPERLINK fanyi.youdao/translate Basic information company profile:1. The companys basic information(1) the legal name of the company: zhuhai gree electric appliances co., LTD(2) the companys legal representative: dong mingzhu(3) the companys registered address: guangdong province zhuhai former go

5、lden hill road(4) the companys stock exchange: shenzhen A shares(5) stock abbreviation: gree electric appliances(6) stock code: 0006512. The companys historyZhuhai gree electric appliances co., LTD. (hereinafter referred to as gree electric appliances), established in 1991, is by the zhuhai crown ma

6、le plastic co., LTD., a merger with hayley air-conditioner factory. With many, many in the world like HP, SONY such famous company at the beginning of the venture, gree electric appliances is initially in a shabby workshop, rely on 200000 yuan loans made it the first step in the business.In 1994 app

7、roved by the zhuhai municipal commission for restructuring the renamed zhuhai gree electric appliances co., LTD., November 18, 1996, the China securities regulatory commission regulatory send word (1996) 1996 HaoWen approval listed on the shenzhen stock exchange, the company get the business license

8、 of enterprise legal person, 4400, 4400.3. The companys main business is introducedGoods and technology import and export.Manufacturing, sales: compressor pump valve and similar machinery.Fan packaging equipment and other general equipment, motor, transmission and distribution and control equipment,

9、 wires, cables, cables and electrical equipment, household electrical appliances.Wholesale: mechanical equipment, wujinjiaodian, electronic products.Production and sales of air conditioner, self-supporting export business of air conditioner and its related spare parts import and export business. HYP

10、ERLINK fanyi.youdao/translate 4Nearly three years of a companys financial statements - the balance sheetFinancial indicators (ten thousand yuan)The total assets ofThe total amount of liabilitiesCurrent liabilitiesLong-term liabilitiesMonetary fundAccounts receivableOther receivablesProvision for bad

11、 debtShareholders equity HYPERLINK fanyi.youdao/translate 2021-9-302021-9-302021-9-30Financial indicators (ten thousand yuan)The total assets ofThe total amount of liabilitiesCurrent liabilitiesLong-term liabilitiesMonetary fundAccounts receivableOther receivablesProvision for bad debtShareholders e

12、quity HYPERLINK fanyi.youdao/translate 17，029，100.0015，950，400.0012，948，600.00Financial indicators (ten thousand yuan)The total assets ofThe total amount of liabilitiesCurrent liabilitiesLong-term liabilitiesMonetary fundAccounts receivableOther receivablesProvision for bad debtShareholders equity H

13、YPERLINK fanyi.youdao/translate 12，433，400.0011，873，100.009，730，640.00Financial indicators (ten thousand yuan)The total assets ofThe total amount of liabilitiesCurrent liabilitiesLong-term liabilitiesMonetary fundAccounts receivableOther receivablesProvision for bad debtShareholders equity HYPERLINK

14、 fanyi.youdao/translate 12，391，100.0011，603，100.009，586，890.00Financial indicators (ten thousand yuan)The total assets ofThe total amount of liabilitiesCurrent liabilitiesLong-term liabilitiesMonetary fundAccounts receivableOther receivablesProvision for bad debtShareholders equity HYPERLINK fanyi.y

15、oudao/translate -Financial indicators (ten thousand yuan)The total assets ofThe total amount of liabilitiesCurrent liabilitiesLong-term liabilitiesMonetary fundAccounts receivableOther receivablesProvision for bad debtShareholders equity HYPERLINK fanyi.youdao/translate 8，403，850.005，829，100.004，421

16、，510.00Financial indicators (ten thousand yuan)The total assets ofThe total amount of liabilitiesCurrent liabilitiesLong-term liabilitiesMonetary fundAccounts receivableOther receivablesProvision for bad debtShareholders equity HYPERLINK fanyi.youdao/translate 298，335.00251，557.0038，175.60Financial

17、indicators (ten thousand yuan)The total assets ofThe total amount of liabilitiesCurrent liabilitiesLong-term liabilitiesMonetary fundAccounts receivableOther receivablesProvision for bad debtShareholders equity HYPERLINK fanyi.youdao/translate 39，079.4044，176.5038，175.60Financial indicators (ten tho

18、usand yuan)The total assets ofThe total amount of liabilitiesCurrent liabilitiesLong-term liabilitiesMonetary fundAccounts receivableOther receivablesProvision for bad debtShareholders equity HYPERLINK fanyi.youdao/translate -Financial indicators (ten thousand yuan)The total assets ofThe total amoun

19、t of liabilitiesCurrent liabilitiesLong-term liabilitiesMonetary fundAccounts receivableOther receivablesProvision for bad debtShareholders equity HYPERLINK fanyi.youdao/translate 4，595，680.004，077，260.0012，948，600.005 the company nearly three years financial statements, the income statementFinancia

20、l indicators (ten thousand yuan)Main business incomeMain business profitCost of salesManagement feesFinance chargesOperating profitReturn on investmentSubsidies incomeNet non-operating incomeProfit totalIncome taxNet profit HYPERLINK fanyi.youdao/translate 2021-9-302021-9-302021-9-30Financial indica

21、tors (ten thousand yuan)Main business incomeMain business profitCost of salesManagement feesFinance chargesOperating profitReturn on investmentSubsidies incomeNet non-operating incomeProfit totalIncome taxNet profit HYPERLINK fanyi.youdao/translate 8，152，290.009，841，010.008，781，080.00Financial indic

22、ators (ten thousand yuan)Main business incomeMain business profitCost of salesManagement feesFinance chargesOperating profitReturn on investmentSubsidies incomeNet non-operating incomeProfit totalIncome taxNet profit HYPERLINK fanyi.youdao/translate -Financial indicators (ten thousand yuan)Main busi

23、ness incomeMain business profitCost of salesManagement feesFinance chargesOperating profitReturn on investmentSubsidies incomeNet non-operating incomeProfit totalIncome taxNet profit HYPERLINK fanyi.youdao/translate 1，337，340.002，015，320.001，482，540.00Financial indicators (ten thousand yuan)Main bus

24、iness incomeMain business profitCost of salesManagement feesFinance chargesOperating profitReturn on investmentSubsidies incomeNet non-operating incomeProfit totalIncome taxNet profit HYPERLINK fanyi.youdao/translate 359，708.00373，901.00345，258.00Financial indicators (ten thousand yuan)Main business

25、 incomeMain business profitCost of salesManagement feesFinance chargesOperating profitReturn on investmentSubsidies incomeNet non-operating incomeProfit totalIncome taxNet profit HYPERLINK fanyi.youdao/translate -，376.00-69，308.00-13490.20Financial indicators (ten thousand yuan)Main business incomeM

26、ain business profitCost of salesManagement feesFinance chargesOperating profitReturn on investmentSubsidies incomeNet non-operating incomeProfit totalIncome taxNet profit HYPERLINK fanyi.youdao/translate 1，147，750.001，171，380.00Financial indicators (ten thousand yuan)Main business incomeMain busines

27、s profitCost of salesManagement feesFinance chargesOperating profitReturn on investmentSubsidies incomeNet non-operating incomeProfit totalIncome taxNet profit HYPERLINK fanyi.youdao/translate -375.20-1053.57-148.28Financial indicators (ten thousand yuan)Main business incomeMain business profitCost

28、of salesManagement feesFinance chargesOperating profitReturn on investmentSubsidies incomeNet non-operating incomeProfit totalIncome taxNet profit HYPERLINK fanyi.youdao/translate -Financial indicators (ten thousand yuan)Main business incomeMain business profitCost of salesManagement feesFinance cha

29、rgesOperating profitReturn on investmentSubsidies incomeNet non-operating incomeProfit totalIncome taxNet profit HYPERLINK fanyi.youdao/translate 62891.4214，2639803.01Financial indicators (ten thousand yuan)Main business incomeMain business profitCost of salesManagement feesFinance chargesOperating

30、profitReturn on investmentSubsidies incomeNet non-operating incomeProfit totalIncome taxNet profit HYPERLINK fanyi.youdao/translate 1，195，080.001，193，070.00925，042.00Financial indicators (ten thousand yuan)Main business incomeMain business profitCost of salesManagement feesFinance chargesOperating p

31、rofitReturn on investmentSubsidies incomeNet non-operating incomeProfit totalIncome taxNet profit HYPERLINK fanyi.youdao/translate 192，765.00202，543.00161，330.00Financial indicators (ten thousand yuan)Main business incomeMain business profitCost of salesManagement feesFinance chargesOperating profit

32、Return on investmentSubsidies incomeNet non-operating incomeProfit totalIncome taxNet profit HYPERLINK fanyi.youdao/translate 1，002，310.00990，528.00763，712.00Financial ratio analysis:1. The management and development capacity analysis2. Profitability analysis3. The long-term solvency analysisShort-t

33、erm debt paying ability analysisRatio project (%)Inventory turnoverAccounts receivable turnoverTotal asset turnoverMain business revenue growthOperating profit growthAfter-tax profit growthGrowth rate of net assetsGrowth rate of total assets HYPERLINK fanyi.youdao/translate 202120212021Ratio project

34、 (%)Inventory turnoverAccounts receivable turnoverTotal asset turnoverMain business revenue growthOperating profit growthAfter-tax profit growthGrowth rate of net assetsGrowth rate of total assets HYPERLINK fanyi.youdao/translate 6.025.614.88Ratio project (%)Inventory turnoverAccounts receivable tur

35、noverTotal asset turnoverMain business revenue growthOperating profit growthAfter-tax profit growthGrowth rate of net assetsGrowth rate of total assets HYPERLINK fanyi.youdao/translate 57.3757.5847.88Ratio project (%)Inventory turnoverAccounts receivable turnoverTotal asset turnoverMain business rev

36、enue growthOperating profit growthAfter-tax profit growthGrowth rate of net assetsGrowth rate of total assets HYPERLINK fanyi.youdao/translate 1.031.491.8Ratio project (%)Inventory turnoverAccounts receivable turnoverTotal asset turnoverMain business revenue growthOperating profit growthAfter-tax pr

37、ofit growthGrowth rate of net assetsGrowth rate of total assets HYPERLINK fanyi.youdao/translate Ratio project (%)Inventory turnoverAccounts receivable turnoverTotal asset turnoverMain business revenue growthOperating profit growthAfter-tax profit growthGrowth rate of net assetsGrowth rate of total

38、assets HYPERLINK fanyi.youdao/translate 1.0110.5844.33Ratio project (%)Inventory turnoverAccounts receivable turnoverTotal asset turnoverMain business revenue growthOperating profit growthAfter-tax profit growthGrowth rate of net assetsGrowth rate of total assets HYPERLINK fanyi.youdao/translate 27.

39、1670.1566.2Ratio project (%)Inventory turnoverAccounts receivable turnoverTotal asset turnoverMain business revenue growthOperating profit growthAfter-tax profit growthGrowth rate of net assetsGrowth rate of total assets HYPERLINK fanyi.youdao/translate 48.1565.683.56Ratio project (%)Inventory turno

40、verAccounts receivable turnoverTotal asset turnoverMain business revenue growthOperating profit growthAfter-tax profit growthGrowth rate of net assetsGrowth rate of total assets HYPERLINK fanyi.youdao/translate 35.8132.8769.82Ratio project (%)Inventory turnoverAccounts receivable turnoverTotal asset

41、 turnoverMain business revenue growthOperating profit growthAfter-tax profit growthGrowth rate of net assetsGrowth rate of total assets HYPERLINK fanyi.youdao/translate 68.5920.5653.581. The management and development capacity analysis inventory turnover, inventory turnover rate and turnover days ab

42、ility to reflect the inventory into cash or accounts receivable. The faster the turnover, lower inventory occupancy level, the stronger the cashability, gree electric appliances of inventory turnover is lower, we should strengthen the management of inventory, on the premise of guarantee the continui

43、ty, as far as possible, reduce inventory take fund, increasing the utilization of funds. accounts receivable turnover ratio, the higher the turnover, the shorter the turnover days, the accounts receivable to recover faster. If slow, enterprise funds too much dull on accounts receivable, affect money

44、 by force. Gree electric appliances of turnover is lower, should strengthen the management of accounts receivable, accelerate the turnover. total asset turnover, total assets turnover speed faster, the stronger sales ability. Gree electric appliances, asset turnover in the industrys average should t

45、ake further measures to accelerate the assets turnover, increase profits. main business revenue growth: this index can reflect the enterprises growth. In 2021, 2021, 2021, three years of growth rate of 1.01%, 10.58%, 44.33%. It can be seen in 2021, gree electric appliances market development strengt

46、h reached an unprecedented height, due to a solid industry leading position, occupies more than 38% of market share, the growth slowed down in 1015. : net profit growth of the indicators reflect the strength of the enterprise growth, the prospects of good. The indexs recent industry average of 23%.

47、In 2021, gree electric appliances the index was 48.15%, far higher than the industry average. Prove that the development foreground is very good. growth rate of net assets: this index is one of the indicators reflect the enterprise development ability. Gree electric appliances this index is signific

48、antly higher than the counterpart other enterprises, further confirmed his growth prospects.2. Profitability analysis HYPERLINK fanyi.youdao/translate Shareholders equity ratio26.9925.5624.27Sales gross profit margin24.7619.7418.13Return on equity29.2228.1222.56Earnings per share1.65443.26732.5196Th

49、ree cost growth26.1910.5739.06sales gross profit margin: sales gross profit margin per unit reflects the enterprise sales revenue generated by the profits, the index of gree electric appliances in 2021 and 2021, the ratio of 19.76% and 24.76%, respectively, in 2021 than in 2021 increased by 5%, that

50、 due to advocate business wu income greatly diluted the fixed costs, make the enterprise strength ability has improved. net interest rate: it shows that the comprehensive effect of utilization of assets, the higher the ratio, companies make the better effect in terms of increasing income to save mon

51、ey. Gree electric appliances are 29.22% and 28.12% respectively in 2021 and 2021 more than the ratio of the average level of the industry, for home appliance industry is so competitive environment is good. return on equity: the index of the gree electric appliances is relatively high, so has been pr

52、aised by investment institutions and the vast majority of people attention.3. The long-term solvency analysisAsset-liability ratio: the rate of assets and liabilities of gree electric appliances, 2021, 2021, 2021 respectively, asset-liability ratio from the above ratio we think or higher. Assets to

53、liabilities do not have strong ability of security. Single from the data itself, no matter from the creditor or shareholders standpoint, is not a safe capital structure. But due to the characteristics of the air conditioning industry and the brand effect of industry leading enterprises, the data doe

54、s not affect the confidence of investors.4. The short-term debt paying ability analysisCurrent ratio: a liquidity ratio reflects the enterprise easy to cash in the security situation of current assets to current liabilities, it is generally believed the rational flow of manufacturing enterprises wit

55、h the lowest ratio of 2. Gree electric appliances, 2021, 2021, 2021, the liquidity ratio of 1.0433, 1.0433, 1.009 in turn. This index is much lower than this level, short-term debt paying ability is not very ideal.Quick ratio: because inventory liquidation ability is poor, the characteristics of pos

56、sible factors such as market price and cost price discrepancy, in order to further evaluation of total liquid assets liquidation ability, we put the stock out from the current liabilities to evaluate short-term solvency. Gree electric appliances in 2021, 2021 and 2021, the quick ratio of 0.9007, 0.9

57、007, 0.8013 in turn. Short-term debt paying ability is not strong.A comparative analysis1. The percentage composition analysis2. Calm base percentage analysis3. Monthly percentage analysis1. The percentage composition analysisFrom the assets and liabilities structure table analysis, gree electric ap

58、pliances of receivables to total assets ratio is not high, 2021 net paragraph accounts receivable and other receivables to total assets ratio of 1.77% and 0.31%, 2021 1.85% and 0.21%, 3.50% and 3.50% in 2021. This is a business model related to the current domestic air conditioning industry, current

59、ly widely used form of payment in advance on sales. Gree electric current liability for a high proportion of total liabilities and shareholders liabilities, 80.32% in 1015, 75.38% in 2021, 2021 (77.76%); Show that the flow of the enterprise is mainly composed of money from the dealer the payment in

60、advance and a small amount of short-term borrowing, pay to supplier and take payment days.Gree electric appliances have no long-term debt. The structure of the assets from the current business situation seem to be safe. But if the enterprise in the industry leading status once been broken, the capit