Financial statement analysis of listed companies

Author: Shan Zhenmin
Publisher:
Publish Date: 2005-03-01
Features: This book takes the financial reports regularly disclosed by listed companies as the analysis object, and elaborates on the principles and applications of company financial statement analysis in four parts. The first part primarily describes the basic concepts of financial statement analysis. The second part details the methods for analyzing financial information of listed companies, such as the balance sheet, income statement, cash flow statement, and notes, including their content, preparation methods, analytical methods, calculation of financial indicators, and intersperses numerous cases to further reveal the meaning of the indicators. The third part specifically analyzes the financial statements of financial listed companies—five listed banks, highlighting the special aspects of financial analysis for financial enterprises. The last part takes ZTE Corporation as an example to demonstrate the content that should be covered in a complete financial statement analysis of a listed company. The annual report data mentioned in the text are all derived from the publicly disclosed 2003 annual report data of listed companies. This book is suitable for professional investors, bank credit managers, corporate finance and accounting personnel, certified public accountants, and finance students, as well as MPACC training, self-study, or direct use in classroom teaching. The main users of listed company financial statements include: shareholders of listed companies (including institutional investors and individual investors), lenders of listed companies (such as banks), suppliers of goods or services, company management, customers of the company, employees of the company, government departments such as the tax bureau, industrial and commercial bureau, and securities regulatory commission, the public, and competitors, etc. These individuals and institutions constitute the so-called stakeholder group of the company. Due to the different degrees of economic relationships these financial statement users have with the company, their demand for financial information from the company also varies.