The Analysis Of Financial Performance Of FCCL Of F Company

At present most articles about financial analysis of project in "advanced" stage,namely the financial feasibility study stage,to the project after the financial benefits of the research is less,and in one of the few such article focused on the large water conservancy engineering,thermal power project,highway projects and other large-scale national project areas,very few people focus on a particular project situation of small and medium-sized companies.Actually,for small and medium-sized enterprises,the project investment evaluation is also very important,it is to improve and perfect the project decision-making level,improve the efficiency of the decision is of great significance.In this paper,with a sheet production company in recent years,production project as an example,analyzed the project after the operation of the actual financial situation,in order to providing a reference for similar projects and enterprises.As the one of the first FCCL producing companies,company F confronted its bottleneck: the profits dropped a lot in the recent years and the manufacturing technologies made little advancement.In order to reverse the bad condition,raise the production and invent new types of product.The company has made the feasibility study before setting up the project.With the development of the economy and the change in market,it's indisputable that the circumstance has changed during the feasibility study.Consequently,many forecasts can't reflect the real situation.Aiming to solve this problem,this paper takes the angle of financial perfor mance to view the real situation of the operating project.At first,the paper introduces the financial performance,the evaluation of project investment and their relate theories.Then it has clarified the basic facts of the company F.Secondly,on the ba sis of the three years' data since the project had been put into manufacturing,the paper analyzes the real income the project brought from the view of finance.Moreover,the paper made a comparative analysis between the feasibility study and the project itself.It also deeply analyzes the origin and the method of making feasibility study along with the operating situation of the project and the situation of the FCCL industry.As a result,the paper digs out the reason of the company' s bad performance.Thirdly,it sums up the changing tendency of the various factors in this three years and make further estimation.By comparing and analyzing each evaluation index,the paper figure out the crux.Finally,this paper makes a reflection on the feasibility study,which points out the existing problems and puts forward the advices.It provides both companies and banks with the reference for the future similar investment.It do make a practical sense.From the analysis of this paper,company F imports the foreign advanced equipment and techniques,having raised the types and categories.However,it is far more from the feasibility study's expects.In the future investment,company F should attach more attention to the post-operating evaluation and to reduce the procurement costs of raw materials.It should also take a proper position,increase the product's quality,enhance the management,reduce the costs and raise the level of economic efficiency.