Research On The Financial Diagnosis Of YutongBus By Improved DuPont Analysis

Since entering the 21st century,China’s passenger car industry has developed rapidly,the sales volume of passenger cars continues to rise,and the production technology is becoming more and more perfect.Many fields have achieved independent innovation and developed some national brands with competitive advantages.However,under the background of the national new energy vehicle subsidy policy to raise the subsidy threshold,the subsidy strength has declined,and the bus market has been saturated to a certain extent,the bus market scale has shrunk after 2016,and the total sales volume is also declining.Yutong Bus Company is also affected by the whole industry and its operation condition is poor.In order to find out the problems in the development process of Yutong Company and find out the crux,this paper uses the improved DuPont analysis method to carry out specific financial analysis and diagnosis research on the financial statement data of Yutong Bus Company in recent years,hoping to combine the results with the specific actual situation of Yutong Bus Company and give targeted countermeasures and suggestions for its investors Set the reference to promote the long-term and healthy development of enterprises.The structure of this paper is as follows:the first part is the introduction,which introduces the development status of the bus industry and the significance of using financial analysis method to research and evaluate the bus enterprises,expounds the writing research method of this paper,and summarizes and states the research results of the application of DuPont analysis method by scholars at home and abroad;the second part is the basic theory summary and research of DuPont analysis method Based on the advantages and limitations of DuPont’s financial analysis system,the paper improves the system and combs out the DuPont’s financial analysis system with the introduction of cash flow indicators.The third part introduces the basic situation and financial status of Yutong Bus Company,including the current situation of the bus industry and the development process of the company,and focuses on the position and financial position of Yutong Bus Company in the industry The fourth part combines the improved DuPont analysis method with the financial data of Yutong Bus Company,and focuses on the financial statement data of the last six years from 2013 to 2018.It diagnoses and researches the financial status of Yutong Bus Company from four aspects:the profitability,the quality of profitability,the ability of operation,the ability of debt repayment and the rate of return on shareholders’ equity The fifth part is the countermeasures and suggestions to improve the financial situation of Yutong Bus Company,combining the problems of Yutong Bus Company with its actual situation,and putting forward countermeasures and suggestions for Yutong Company to promote its long-term and healthy development.