China's Listed Companies Cash Flow Inherent Relationship

This paper constructs the inner relation analysis method of the cash flow statement, by using this method to research the cash flow status of part industries listed companies in our country.First of all, this paper briefly summarizes the history and relevant content of the cash flow statement, and sums up the literatures of domestic and international scholars by the numbers. Secondly, this paper elaborates the internal analysis method of cash flow statement. Then through the section analysis, the paper researches the swatch companies' whole cash flow status, and does the description statistic analysis and T test to the cash flow index of the representative swatch groups. Finally, the paper analyzes a case in Qinghuaziguang, and from the angle of time sequence uses its 6 years financial data to research the cash flow status and changing trend of management activities , investment activities and financing activities.From the inner relation theory research, the paper could see that: (1), basing on the precondition of some operation discipline, the key items of cash flow statement could be divided by the angle of absolute quantity relations to some different cash flow status;(2), basing on the quality analysis, by constructing the reasonable cash flow quantity indexes, it could systematically analyze the company's cash flow status.From the statistic analysis of swatch companies, the paper could see that: (1), the cash flow status distributing status in our country is very uneven, and it has the trait of centralized distributing;(2), there is 42.52% swatch companies could not satisfy the currency "simple reproduction" circulation by oneself production activities, each kind swatch companies have obvious differences in the management activities indexes;(3), there is 90.95% swatch companies have unbalanced phenomena in the investment cash flow, its investing income is on the low side, and the each kind swatch companies do not have obvious differences in the investment activities indexes;(4), there is 58.27% swatch companies have cash inflow in the financing activities, the financing by liabilities takes up the most part, although the repaying the liabilities takes the most part of cash outflow, financing benefit is very low, some specific style swatches have obvious differences.From the cash study of Qinghuaziguang, the paper could see that: (1), the management activities cash flow net quantum distributes plus and minus alternately by the years, in the long term the net quantum could not satisfy the company's well-balanced management activities;(2), the investment activities are inappropriateto the management activities, which have "radical" external expanding phenomena, the investing dimensions have increasing trend, and the benefit of investment is on the low side. 3, the financing cash flow is complemental to investment activities cash flow from each other, the collectivity shows that the company uses method of "borrowing new debt to repay the old debt" to maintain the whole cash flow activities and movements.This paper improves the shortages of former scholars' researches, more systemically and fully elaborates the the inner relation analysis method of the cash flow statement, and does the systemically positive study. The research of theory and analysis of positive study outcome could provide suggestions to the investor creditors n listed companies and securities supervising department.