财务分析年报要点.doc

中航三鑫股份有限公司财务分析报告 目录 公司简介·····················································3 公司介绍···················································3 环境分析···················································3 供应链·····················································3 竞争对手···················································3 SWOT分析···················································3 企业战略···················································4 二、资产负债表分析···············································4 （一）资产负债表水平分析·········································4 （二）资产负债表垂直分析·········································12 （三）专项分析···················································16 三、利润表分析···················································17 (一)利润表水平分析··············································17 （二）利润表垂直分析·············································21 四、2012年现金流量表分析·········································23 （一）总体评价···················································23 （二）经营活动重点项目分析·······································24 （三）投资活动重点项目分析·······································24 （四）融资活动重点项目分析·······································25 五、利润表与现金流量表综合分析···································25 （一）2009-2012年经营活动净现金流量与净利润趋势分析图············25 （二）现金保障倍数················································25 （三）将净利润调节为经营活动的现金流量····························26 六、企业盈利能力分析··············································26 七、企业营运能力分析······································32· 八、企业偿债能力分析···············································33 九、企业发展能力分析···············································35 十、杜邦分析体系···················································39 十一、企业存在的问题及策略········································42 （一）公司主要会计报表项目的异常情况及原因的说明··········42 （二）企业发展策略················································43 中航三鑫股份有限公司财务分析报告 一、公司简介 （一）、公司介绍 中航三鑫股份有限公司，公司创办于1995年6月，其主业为：特玻材料、光伏幕墙和航空材料。 幕墙行业具有较大的影响力，是国内的龙头企业。承建了中国四大空港幕墙工程：北京首都国际机场、上海浦东新机场、广州新白云机场、泰国新曼谷机场。是我国第一家获得高新技术企业称号的幕墙设计施工企业。 曾投资32亿元建设海南中航特玻4条生产线项目是中国最大的高端玻璃制造项目，结束了中国高端玻璃长期依赖进口的局