| Financial information disclosure of listed company is the inevitable outcome of separation of ownership and management in market economy.After the separation,because the external interest groups are not directly involved in business management activities,so they only through the interpretation of the company’s disclosure of financial information to understand the financial situation of enterprises,in order to more understanding of the information contained in the digital,the analysis of the financial information,especially the financial statements of the number of further comprehensive is needed.Although the financial statements can provide a lot of financial information,Due to the limitations of its own existence and the impact of man-made subjective factors in the process of generation,therefore,the objectivity of its authenticity is affected.The global economy is showing a trend of integration,and the enterprises are facing unprecedented challenges and opportunities.n response to new challenges and opportunities,the biggest challenge is how to improve the ability of Senior Manager’s respond to the changes in the market.Making decisions on business operations,making judgments on the new profit growth point,and making real-time monitoring of the financial situation are also defenitely essential.The current global economic recovery is slow,the turmoil in the stock market by the bull market into a bear market.Even the speed of Chinese commodity growth goes down,the demand declines and the same as Chinese luxury economic transformation and domestic anti-corruption decreases.Gold and oil prices fell,the real estate industry as a result of China’s control to remove the first tier cities to control the price of the first tier cities are down.At the beginning of 2015,the dairy industry situation changes suddenly,a sudden turn for the worse,the price all the way down.Some people even said that Chinese dairy has reached a critical moment of vital importance.However,The Yili company contrarians,double harvest in 2015 revenue and profit.Based on this background,this paper analyzes the financial statements of Yili company,so as to study the investment value evaluation.This paper first describes the research background and significance of financial statement analysis,points out that the analysis of financial statements of listed companies is the inevitable requirement of the separation of two rights of the Yili industry status ofexternal and internal analysis and correlation analysis.According to the company financial data and other related information in the year of 2013,2014,and 2015,it announcs the company’s financial ratios and three financial statements analysis.Through the analysis and comparison of the business development,this essay implies the capabilities,profitability,operating capacity,solvency,growth ability,capital formation and other aspects of the financial situation.In addition,firstly,the traditional DuPont analysis method is used to forecast the sales percentage,and secondly,free cash flow analysis and the relative value analysis are carried out to evaluate the Erie company stock value.The results of these analyses can provide a reference to the users of financialstatements from different perspectives.At last,this paper summarizes and analyzestheinvestment risk,the environment which are important proposals for investors... |
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