Study On The ROE Of Port And Shipping Listed Company

Port and shipping industries are the basic industries in the National economy. The industries have become two of the most modernized departments in every country. The development of the port and shipping industry is not only advantageous to promote the optimizing arrangement of social resources, but also advantageous to promote the growth of foreign trade volume through enhancing the transportation functions. Our port and shipping industries develop at full speed in the market competition since revolution and opening. At present, there are 28 port and shipping listed companies listed in Shenzhen and Shanghai, and the scale is expanding constantly. Since the financial crisis in 2008, the port and shipping industry plunged. Although the BDI rallied to 4291 in September 2009and the shipping boom index also recover gradually, which eased the sharp decline in the trend in the fourth quarter of 2008 and the first quarter of 2009,but the short-term recovery can't boost performance of port and shipping industries. Due to the over-expansion and excess production capacity, the competition among port and shipping companies become more and more fierce, the business and profit decline, most of the enterprises remain in low history. The investors and managers pay close attention to the Changes in companies'performance in 2010.As a composite index, ROE makes great sense for investors and managers to research on the business and prevent financial crisis. In addition, ROE can also help the government take charge of the business and the stock market risk.Therefore, my paper takes the port and shipping listed company as the research object, establishes a set of influence index system of ROE which is suit for the port and shipping listed companies, calculates the essential index according to the financial statements from 2001 to 2009, analyzes their financial condition including the abilities of pay off the debt, operating, profiting, growing, cash flow, takes the specific analysis and comparing research, gets their superiority and inferiority in financial condition through using tendency analytic method, comparative analytic method, ratio analytic method, factor anabatic method, and finally, the paper finds the Influence factors, raises some rational proposals...