Analysis Of Financial Statements Of Guizhou Power Company Under Harvard Analytical Framework

Hydropower is a clean energy source,which is of great significance to the development of national economy.The status quo of the whole hydropower industry can be understood by paying attention to the operation status of the listed hydropower companies.There are only 17 listed companies with hydropower as the main business in the country,Qianyuan Electric Power Co.,Ltd.is one of them,which plays an important role in the whole hydropower industry.At the same time,it is the only power listed enterprise in Guizhou province,which has an indelible influence on the power kinetic energy supply in Guizhou province.Therefore,this paper will take the financial situation of Qianyuan Electric Power Group as the research object,and carry on the analysis and evaluation,which is the pipe of Qianyuan Electric Power Group.The management team provides the basis for the decision-making of the company,and provides reliable information for the investors to make the investment decision.The traditional financial statements are isolated financial analysis.In view of the deficiency of the traditional financial statements analysis,this paper chooses the most popular financial analysis method-Harvard analysis framework,to analyze the financial statements of Qianyuan Electric Power year.First of all,this paper expounds the theoretical knowledge of Harvard analytical framework.Then,according to the four dimensions of Harvard analysis framework,the operating environment,financial situation and development potential of Qianyuan Electric Power are analyzed from four aspects: strategy,accounting,finance and prospect.Strategic analysis has made Qianyuan electric power clear.The management environment and development direction of the group;accounting analysis and evaluation of the company's assets quality,profit,and cash flow status.Based on strategic analysis and accounting analysis,financial analysis,vertical analysis and evaluation of the growth ability of the company,horizontal analysis and evaluation of Qianyuan electric power index and other companies in the same industry gap,DuPont analysis and evaluation of the comprehensive financial situation of the enterprise.Finally,the paper forecasts the development prospect and investment value of Qianyuan electric power from both qualitative and quantitative aspects,and puts forward its own viewpoint for operators to improve the current operating conditions of the company.For investors to put forwardtheir own "is this stock worth investing" Recommendations Based on the Harvard analysis framework of Qianyuan Electric Power,this paper draws the following conclusions: at present,the fixed assets investment of Qianyuan Electric Power is basically completed,and it has entered a stable period of operation.But the profit situation of the company is unstable,the business operation is single,the business income is seriously affected by the climate and environment,the basic rely on the sky to eat;The capital structure is unreasonable,the ratio of assets and liabilities is very high,the financial risk is high,the profit is swallowed up by the high financial expenses,and the shareholder value is infringed.At the same time,because of the high financial costs,the investment value of Qianyuan Electric Power is underestimated by the market.However,Qianyuan has sufficient cash flow and assets camp The efficiency of transportation is constantly improving.As enterprises improve their own business decisions,improve their management level,and repay interest-bearing liabilities,Qianyuan Electric Power will get out of the business predicament,and the undervalued market value will be gradually highlighted.This paper applies Harvard analytical framework to Qianyuan Electric Power Group,which can be used as a reference for other 16 listed hydropower companies,and other listed companies in similar industries can also use this as a reference..