Interpreting The Annual Report Of The Zijin Mining

Annual report is the most important way of learning listed companies for stakeholders. And the researching object of this article is the ZiJin Mining, we will interpret it in terms of its annual report, date from 2005-2009, and analyzing its managing level.First of all, extracting and preparing those theories related to The Analysis of Annual Report. For instance, The Theory of Stakeholders, The theory of debt maturity structure, The Theory of Principal and Agent, The Theory of Dividend Policy, and The Theory of the Analysis of Financial Statement.Secondly, demonstrating the basic condition of Golden industry, and also the introduction of ZiJin Mining and its development history will be introduced.Thirdly, briefly analyzing three report forms of finance, and concluding the balance sheet, profit statement, and Structural characteristic of a cash flow statement, allowing readers have a general understanding of the financial condition of the ZiJin Mining.Fourthly, through vertical comparison of the historical data of ZiJin annual finance, date 2005-2009, and to analyze its developing tendency according to the debt paying ability, operating capacity, and earning capacity. In addition, I've chosen four A-share listed mining companies as the horizontal comparison of same industry to analyze its position in the industry.In the end, by using the non-financial information of annual report, I will present my personal viewpoint and suggestion for the managing level of ZiJin Mining.