Comparison And Analysis Of Financial Strategy Between Vanke And Poly Real Estate

As the supporter of Corporate Accounting, Financial Statements completely, and systematically, record a company’s business running. Research and analysis of financial statements are helpful to fully evaluate a company’s business condition. Therefore, financial statement analysis is not only a useful tool but also an area that deserves more attention and study.The author of this thesis works in financial management and teaching in college, and nurtured a keen interest in corporate financial analysis during MBA study. As a result, the author wants to adopt the theory of financial analysis when analyzing and evaluating company’s business condition. In the meantime, builds a connection between theory and reality to better serve her works.Since the author paid attention on the development of Chinese real estate industry, she picked two giants of this industry--Vanke and Poly Real Estate, to analyze and research, hoped to find out real estate Company’s profit model and their further development. In this thesis, the author applied financial index system and three dimensional analyzing methods to compare the financial statements and analyze the financial performance of two companies. By learning more about the financial policies of the two, the author proposed suggestion for their further financial policies reform.The whole thesis consists of eight chapters. The first chapter is introduction. The second chapter is about the environment and the development of real estate industry. The third chapter introduces the two real estate giants--Vanke and Poly. The fourth chapter is the three dimensional analysis of financial statements of Vanke and Poly. The fifth chapter analyzes the financial index system of Vanke and Poly respectively and makes a comparison between the two. The sixth chapter decomposes the financial indexes of the two companies and clarifies each sub-factor. The seventh chapter comparatively analyzes the financial policies, financial strategies of the two companies.The eighth chapter is the conclusion and suggestion. Though the study of the two benchmarking real estate enterprise, the author finds that the two companies both present a healthy financial status and share a lot in common in aspects like financial performance and financial policies and strategies. This study can help people better understand the development of real estate industry, and provide reference when making investment.