Based On The Financial Statement Analysis Of Baoshen Railway Group Under The Harvard Analysis Framework

In recent years,Chinese economic development has entered the new normal,which requires new development.As an important guarantee to promote the local economy to achieve high-quality development,the railway transportation industry has been highly valued by the state,and its importance is self-evident.In November 2017,the national development and Reform Commission,the Ministry of transport,the State Railway Administration and China Railway Corporation jointly issued the 13 th five year plan for railway development.The emphasis on modern railway construction will expand the effective supply of railway transportation,build a modern comprehensive transportation system,build a powerful transportation country,and comprehensively promote the construction of "eight vertical and eight horizontal".In October 2018,the office of the State Council issued the guiding opinions on maintaining the strength of infrastructure improvement board,pointing out that it is necessary to focus on railway,highway,water transport,airport,water conservancy,energy,agriculture and rural areas,ecological environmental protection,social livelihood and other infrastructure fields,and will increase financial support for projects under construction and major projects of the improvement board.The policy documents issued in succession aim to drive the railway transport enterprises to achieve greater progress under the new development opportunities.Therefore,in 2013,in order to strengthen,enlarge and optimize the transportation market,the large-scale effect of the large group was used to form a joint force to cope with the market changes,and the three lines of Baoshen Railway(the first railway of the former Shenhua Group),Ganquan railway and Xinzhun railway were jointly integrated to form a Baoshen Railway Group.Since the integration,the strategy of large group has made remarkable achievements,but compared with the advanced group,Baoshen Railway Grouplacks of capacity promotion,business ideas solidification,transformation and upgrading difficulties and other shortcomings of insufficient competitiveness gradually emerge.Based on the specific application of strategy analysis,accounting analysis,financial analysis and Prospect Analysis in the framework of Harvard Analysis in Baoshen Railway Group,this paper takes the financial statements of the company in 2016-2018 as the research object,summarizes the current situation and problems of the financial situation of Baoshen Railway Group,and uses SWOT analysis,DuPont analysis and other methods to analyze the shortcomings and shortcomings in management,At the same time,the paper puts forward the corresponding strategies for the development of Baoshen Railway Group in the next stage.Under the background of the transformation and upgrading of the transportation market,while making a good business plan,we should pay attention to the financial leverage effect,maintain a reasonable cash flow scale and moderately borrow money,solve the problem of high deposit and loan,and maximize the value of the enterprise.Secondly,we should take advantage of the favorable opportunity of the "double action" reform,deepen various reform measures,and promote Ganquan railway and Xinzhun railway as soon as possible Finally,we should improve the economic added value of traditional industries through scientific and technological means,comprehensively promote the construction of intelligent heavy-duty railway,and promote the high-quality development of enterprises.