The Financial Diagnosis Of S Joint-stock Company

After the financial crisis, the global macroeconomic situation is getting more and more complicated. RMB appreciates and the energy shortage become constantly increasing. Domestic enterprises participate in the international competition. The enterprise management will face unprecedented challenges and opportunities. Complex economic environment for enterprise management puts forward new requirements on financial diagnosis of an enterprise. To found the links need to be improved become more necessary.This article elaborated the theory characteristics of financial diagnosis and current development for common financial diagnosis method.This study determined the technical route, and decided to choice quantitative analysis and qualitative analysis method for last five years financial statement of S joint-stock company. Then it introduced the general description of the company's main business.Textile and lithium ion battery materials manufacturing were given priority. In recent years, S joint-stock company gradually intervention equity investment field. After it, this article respectively and briefly introduced the garment&textile industry and the lithium battery material industry.Through the analysis of the balance sheet,income statement and cash flow statement of S joint-stock company in recent five years, this article general introduced the company's overall financial outlook. In recent years, the assets and liabilities go up with synchronization.Net cash flow abundant and had no significant increase. Through ratio analysis of the profitability, assets operation efficiency, debt-repaying ability and growth, this study found that corporate profitability is slow, assets operation efficiency is low, solvency is good. S joint-stock company is in restorative growth.Through the Alexander Wall system and Dupont analytic, this study found that the Wall proportion to S company only 39 points, indicating that the company's finances is poor. By selecting for contrast with investment company B, the article cleared that company asset turnover, net assets yield and profitability were lower than B company. In recent two years, the company had no notable change, lack of enthusiasm management.This paper used both the theories and practice method.It combined the theoretical knowledge and actual company financial management together. It made good for the company in financial management. This study has certain reference value for S company to solve the existing problems and improve the company's management level, enhance profitability.