Financial Analysis Of Zhangzidao Group Co., Ltd

Financial statement analysis is based on financial statements and other information as the basis, using a series of techniques and methods specific analysis,analysis and evaluation of the financial position, operating results and future trends.Biography financial analysis of financial statements and other relevant information,the purpose of the analysis is to determine the financial health and business trends, to make decisions for the benefit of business stakeholders to provide evidence.Due to the differences of interests, the different kinds of users of the financial statements are formed. The analysis of financial statements is not only to meet the needs of internal management decisions, but also to meet the decision-making needs of stakeholders. They need to analyze the financial statements and make decisions based on the conclusions of the analysis. In this paper, the author combines strategic analysis and financial analysis by using the Harvard Analysis Framework, at the same time combines the qualitative analysis with the quantitative analysis. As such, the limitations of simple financial statement analysis has been compensated effectively,and provides a good tool for the modern financial analysis. Therefore,the author combines Harvard Analysis Framework with the analysis of Zhang zidao Group Co. binding assays, applied to the fisheries industry.Start Zhang zidao Group Inc. can be traced back to 1958, Zhang zidao Group Co., Ltd. in April 7, 2001 by the Dalian Municipal People’s Government approved by the Dalian Zhang zidao Fishery Group Co., Ltd. established the overall change.Listing(stock code 002069) September 28, 2006 at the Shenzhen Stock Exchange,China’s agriculture and create the first hundred yuan shares. Zhang zidao Group Inc.Posted on October 30, 2014 announcement that, due to hit the northern Yellow Sea cold water mass anomalies, about to enter the company 100 acres of scallop harvest crops, and then nearly 800 million provision for losses, all meter the third quarter of the year is expected to be a substantial loss. Two months ago the companysemi-annual report in the first half profit 48.4553 million yuan and the latest release of three quarterly earnings for the huge loss was twisted, the face changing fast enough shocking. This incident revealed the high risk of water aquaculture, while sparked Reflections on behind the 800 million of inventory instantly disappear. So based on the above reasons this article from a strategic, static analysis, the angle of dynamic analysis and industry analysis to a comprehensive analysis of financial data and financial indicators Zhang zidao and companies with the industry, and strive to the financial situation Zhang zidao, operating results and cash flows have a complete understanding. So based on the above reasons this article from a strategic, static analysis, the angle of dynamic analysis and industry analysis to a comprehensive analysis of financial data and financial indicators Zhang zidao and companies with the industry, and strive to the financial situation Zhang zidao, operating results and cash flows have a complete understanding. Through the analysis, we found that the financial data and financial indicators reflect the following problems Zhang zidao Fishery Group Co:First, the shortage of cash flow, low short-term solvency.Second, the main business income and receivables are in the same industry the highest level, which reflects the Zhang zidao pin Sale revenue growth was mainly due to the positive credit policies.Third, the current ratio a serious deviation from the average level in the same industry.In this paper, the fourth and fifth chapters, Zhang zidao shares of the financial statements of static and trend analysis I found the door of the same problem.These problems can be attributed to: Zhang zidao shares on credit to promote the main business revenue growth; Product sales revenue to achieve the main approach to the accounts receivable, cash received very little, so Zhangzidao shares relative to peers businesses more cash flow shortage, and retains a lot of inventory or consumable biological assets.