房地产上市公司盈利能力分析毕业论文（可编辑）.doc

房地产上市公司盈利能力分析毕业论文 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 Estate Listed Companies; Profitability; Principle Componential Analysis 目 录 1 上市公司盈利能力概述 1 1.1 盈利能力的概念 1 1.2 盈利能力的评价方法 1 2 上市公司盈利能力影响因素 3 2.1 盈利能力生产经营因素分析 3 2.2 盈利能力财务因素分析 4 2.3 盈利能力质量因素分析 5 3 上市公司盈利能力分析指标体系 7 3.1 上市公司盈利能力评价指标的选择依据 7 3.2 上市公司盈利能力评价的指标设计 7 3.2.1 每股收益 7 3.2.2 净资产收益率 7 3.2.3 总资产报酬率 8 3.2.4 销售净利率 8 3.2.5 主营业务收入增长率 8 4 沪市房地产上市公司盈利能力的实证分析 9 4.1 研究样本的选择及资料来源 9