Research On Financial Comparative Analysis

There have been 17 years from the comprehensive reform of the housing system from 1998 to now, the real estate industry has formed a group of outstanding real estate enterprises in the process of rapid development. Because the author is engaged in the real estate enterprise financial work, pay attention to the development of Chinese real estate industry.The A real estate company is a larger company in the city, but nationally small real estate enterprises. In the macro-economic regulation and control of the current context, exploring the strategic advantages of local enterprises and the development of the future, so the choice of Vanke as benchmarking enterprises. Through analyzing the financial statements and strategic superiority of two enterprise’s analysis, research for A company needs to strengthen the direction in the future development of A real estate company, to provide a reference.Analysis of the real estate enterprise financial and accounting reports in the past five years, through the longitudinal comparison of the two companies in different periods of change, analysis of the indicators, is mainly the analysis of the balance sheet, income statement, cash flow statement and the elements of the trend. To find out the change law, measures. The result of analysis is mainly from three aspects of solvency, operating capacity and profitability, two real estate enterprise’s debt paying ability compared to the gap is not big, the asset liability ratio is very high, which is determined by the nature of the industry. But the operating capacity and profitability gap, especially the profitability, Vanke’s net interest rates as high as 17%, while the A is 12%, the gap is still relatively large. The comprehensive evaluation of the performance of A enterprises. With Vanke such industry as a reference, A company should strengthen the inventory management and sales management in the future, in order to improve the ability of operating assets; to strengthen cost control, improve profitability.The full paper is divided into five chapters. The first chapter is introduction. The second chapter is the background and significance of the analysis of the real estate enterprise. The third chapter is the related theory of financial statements. The fourth chapter is the comparative analysis of A Real Estate Company and China Vanke co.. The fifth chapter is the conclusions and suggestions. Based on the analysis of the two real estate companies, although the scale of A company and Vanke gap, the asset size of nearly a hundred times the gap. But the debt paying ability and operation ability is close to the average level of the industry, the profitability of the gap is less than 6%, we can see that most of the company’s financial indicators of A is healthy, good development trend; but there are some problems in the management, to learn from other companies to give more suggestions. Cost control management and sales strategy of successful experience.