Analysis Of Earnings Quality Evaluation CSC Phoenix Company Limited

With the gradual improvement of China’s securities market, income becomes important financial information of listed companies, it is the element of creditors, investors and stakeholders focus. According to their requests for information on the income, gains authenticity and relevance become the focus of their attention, which relates to the quality of earnings, earnings quality comprehensive evaluation of a company’s performance can be listed, can be used as a reference basis.CSC Phoenix Co., Ltd. is a listed company is located in Wuhan, Hubei, in the shipping industry, whether it is from a long voyage Phoenix asset size, or its results of operations are in the leading position of the industry, but in recent years, but the long voyage Phoenix is facing the risk of delisting, income levels plummet, its management company has repeatedly stressed that this is due to the international market downturn, but there’s a good business development in the industry, there may indeed be one of the factors the industry, but also What are the factors that led to its income level is so poor, it is necessary to make the appropriate analysis of its earnings quality.This paper introduced the theory of quality-related income to the long voyage Phoenix Co., Ltd. as the carrier, respectively, from the qualitative and quantitative aspects of the two carried on a long voyage Phoenix earnings quality analysis. Qualitative analysis mainly from the accounting policy choices, certified public accountants audit reports and the company’s management to analyze three aspects; quantitative analysis also includes the analysis and synthesis of individual indicators index analysis, analysis of individual indicators, mainly from sustained yield, safety, growth, profitability and cash to protect the five characteristics of nineteen indicators for analysis; comprehensive index analysis and evaluation through the use of individual indicators analysis fifteen indicators, using compared with the industry average score is then given to the appropriate method to analyze the long voyage to judge the quality of earnings Phoenix, Phoenix long voyage to find the existence of earnings quality issues and analyzes the causes of these problems, and then make recommendations accordingly.