Financial Analysis Of Opencut Coal Industry Corporation Under Harvard Analysis Framework

Under the continuously sluggish global economic situation,with the increasingly clean trend of energy structure,the coal industry has entered a new stage of development.Under the extensive development model of high investment,high consumption,and low quality in traditional coal enterprises,transformation development of coal enterprises is imperative.Opencut Coal Industry Corporation is a listed coal company currently in a critical period of enterprise transformation,and is faced up with a lot of difficulties in the company's operation and management.Therefore,it is necessary to conduct scientific and meticulous research on the financial status of Opencut Coal Industry Corporation by using Harvard analysis framework.First,this article sorts out and evaluates domestic and foreign scholars' researches of the application of financial analysis and Harvard analysis framework.Then,the author elaborates the research content and research methods of this article,introduces relevant concepts and theories used in this article so as to provides theoretical basis for next-step analysis.On this basis,the author introduces the general situation of Opencut Coal Industry Corporation,mainly from two aspects of the company's overview and financial status;then,the core content of this article is to analyze and study the financial situation of Opencut Coal Industry Corporation with Harvard analysis framework,including strategic analysis,accounting analysis,financial analysis,and prospect analysis.In the first part,the author conducts strategic analysis of Opencut Coal Industry Corporation through PEST analysis,Poly force model and SWOT analysis method,find out the development background of the coal industry and the current risks and opportunities of the open coal industry.The second part is accounting analysis.First,through understanding of important accounting policies and accounting estimates of Opencut Coal Industry Corporation,key accounting items with large proportion are selected for identification and analysis.Then,the author conducts financial analysis on this basis,and selects financial data of Opencut Coal Industry Corporation during2015-2019 for vertical analysis from aspects of debt paying ability,operating capacity,profitability,development capacity and cash flow capacity,selects Pingdingshan Tianan Coal Mining Co Ltd.and Inner Mongolia Yitai Group Co.,Ltd,which are contrastive in the same industry for horizontal analysis.In the end,the author makes predictions about the upcomingrisks for Open-pit and the company's future development,discovers problems through the analysis of these four aspects,and proposes corresponding suggestions for improvement.