Financial Statements Of CRCC Based On The Harvard Analytical Framework

Chinese equipment such as high-speed rail has gradually “goed out” from China and entered the international arena with the implementation of the “Belt and Road” and the booming development of the high-speed rail industry.In the rapid development of China's high-speed railway construction,China Railway Construction Co.,Ltd.(CRCC),as a large-scale enterprise in China,and China's largest railway construction group and plays an important role in the Chinese construction industry.For the 13 consecutive years,CRCC has been rated as one of the “Top 500 Enterprises in the World” by “Fortune” Magazine.It is a large-scale enterprise worthy of research and exploration.This paper to provide development experience for other companies in the same industry through the research on the financial status of CRCC.The traditional method of financial analysis mainly analyzes the published financial data of listed companies,and it is difficult to truly grasp the business activities and profitability of the company.So this paper will analyze the financial statements of CRCC.through the Harvard Analytical Framework Method: from a strategic point of view,the overall analysis of the financial situation of the enterprise,according to the external environment of the enterprise and the opportunities and threats it faces,grasp the enterprise The advantages and disadvantages of using scientific methods to predict the future direction of the company and provide decision-making advice for managers.First of all,through the overall analysis of the Chinese construction industry and the competitive state of the market,this paper conducts a strategic analysis of CRCC,assesses the current advantages and potential risks reflected in the financial information of the enterprise.Based on the strategic analysis,this paper analyzes the main accounting policies and accounting estimates of CRCC from the aspects of asset structure,debt structure and profit quality to evaluate its rationality and use accurate accounting data to reflect China Railway.The actual operation of the construction.Then,using the data obtained through the integration of accounting analysis,the company's current performance is evaluated,and the company's business status is analyzed to estimate the sustainability of the company.This paper selects cash flow,profitability,operational capability,solvency and growth capability indicators to analyze the company's financial status at CRCC,and evaluate the company's development potential.On this basis,this paper integrates the financial information obtained from the above three analysis steps,and analyzes and predicts the future development direction,mode and decision of the enterprise.Under the conditions of the company's competitive advantages and disadvantages,the industry environment,its own cash flow situation and opportunities,design the development direction of the enterprise and provide policy advice for the manager.The analysis of this paper finds that CRCC is facing a major historical stage of “de-productization,de-stocking,and deleveraging”.The main task of this phase is to build a full-chain business model and diversify operations.Organizational structure is platformized.At the same time,China Railway Construction should also strengthen enterprise innovation,increase investment in research and development,reserve high-end talents;promote the exploration and development of emerging fields in the industry,continuously improve professional capabilities and operational efficiency;optimize asset allocation and business structure,and promote industrial structure upgrading,fully Give full play to the advantages of the company's entire industrial chain and enhance the overall profitability of the company,in order to tell the Chinese story on the international stage.