The Financial Statement Analysis Of Bank Of Chengdu Based On Harvard Analytical Framework

As an important part of China's economic system,banking plays a significant role in promoting economic development.As the third echelon of China's banking industry,urban commercial banks have improved the modern commercial banking system and gradually become an important part of the banking industry.Bank of Chengdu was founded in 1996 and listed in Shanghai Stock Exchange in 2018.It is the first listed bank in Shanghai Stock Exchange of Sichuan Province.As a local bank,it has certain representativeness in Sichuan Province.Nowadays,through a series of reforms and adjustment of operation and management methods,urban commercial banks in China have been increasing their comprehensive strength and market share in the domestic banking system.China's urban commercial banks adhere to the market position of serving local economy and small and micro enterprises,and gradually realize cross regional operation.The growth rate of asset scale has exceeded the average level of the banking industry,and their position as the third tier of China's banking industry has become increasingly stable and important.This dissertation takes Bank of Chengdu as the research object,and uses Harvard analytical framework to study the development strategy,financial statements,financial indicators and prospect valuation of Bank of Chengdu in detail.Harvard analytical framework based on strategic perspective is different from traditional financial analysis.It combines strategic analysis,accounting analysis,financial analysis and prospect analysis for the first time to create a new enterprise financial analysis framework,which provides more scientific and reasonable points for related information users to understand and analyze the business status,financial results and forecast the future prospects of the company analysis of means provides more information about decision-making.First of all,this dissertation analyzes the macro environment of the banking industry and the internal conditions of the Bank of Chengdu,and then analyzes the development strategy of the Bank of Chengdu through Michael Porter five forces model and SWOT situation analysis model.Secondly,through the identification of key accounting policies and accounting estimates and the interpretation of the balance sheet,income statement and statement of cash flows,the accounting analysis of Bank of Chengdu is carried out.Thirdly,it uses CAMEL rating to analyze the capital adequacy ratio,asset quality,management level,profitability and liquidity of Bank of Chengdu,and decomposes the return on equity of Bank of Chengdu based on DuPont analysis combined with the financial characteristics of the banking industry.Finally,the development prospects of China's urban commercial banks and Bank of Chengdu are analyzed.Through the analysis of the above four links,we can provide valuable suggestions for Bank of Chengdu to achieve sustainable and healthy development in the current domestic economic and financial environment and in the competition with the China's six largest banks,joint-stock commercial banks,other urban commercial banks,rural commercial banks,rural credit cooperatives,etc.