房地产上市公司盈利能力分析毕业论文.docVIP

毕业论文 （2010届） 房地产上市公司盈利能力分析 摘 要 近几年来，随着国民经济的健康稳定发展，在各方面因素的带动下，房地产价格呈现快速上涨、逐年攀升的态势，房地产业的火热发展，得益于国民经济的健康稳定发展，但是在一定程度上，房价的快速上涨制约了普通居民居住权益的实现，既影响国民经济的健康发展，也波及到社会的稳定，成为社会各界关注的焦点问题。 为分析中国沪市房地产上市公司盈利状况，该文采用主成分分析法构造体现盈利能力的综合计量指标。选用2007—2009年的统计数据，在计算房地产上市公司盈利能力单项指标的基础上，通过因子分析提取主成分，确定综合计量指标，利用综合计量指标的多项统计量进行分析与预测。结果表明：中国房地产上市公司的总体盈利能力较好，但自2007年起，盈利能力低于平均水平的公司逐渐增加；2007—2009年房地产上市公司的盈利能力以年均5%的幅度逐年下降，未来二至三年下降趋势仍将持续；普通房地产上市公司盈利空间将缩小得更快，与平均水平间的差距会越来越大。 关键词： Abstract In recent years, along with the healthy and stable development of the national economy, in every aspect factor impetus, real estate prices rising quickly, yearly rising trend, while Shanghai by them. The development of real estate industry in the national economy, thanks to the burning of the healthy and stable development, but in a certain extent, house prices rise quickly restricted the realization of ordinary people living rights, not only affect the healthy development of the national economy, also spread to the social stability, become the focus of the society. A comprehensive profitability indicator was created to analyze and predict the profitability of listed real estate companies using principal componential analysis. Statistical data from 2007-2009was used to analyze the individual profitability indicators of listed real estate companies to find the principle factors affecting their profitability and then identify comprehensive indicators. Statistics of the comprehensive indicators were used to predict the profitability. The results show that in general the Chinese listed real estate companies were profitable but the number of below average companies has gradually increased since 2007. The listed real estate companies profitability has declined 5% every year from 2007-2009 and the down trend will continue for the following 2-3 years. The profit of common listed real estate companies will decrease faster with the increasing gaps between the profits of the common and the average companies. Keywords: Real Esta