MBA毕业论文英文版.docVIP

Title: Statement Analysis of China Vanke Co., Name: Antonio Huang Supervisor: Lin Jiang, Lixin Wang ABSTRACT The final thesis of 《Statement Analysis of China Vanke Co.,》, compiled in case style, includes two parts of case body and case analysis. The detailed content in case body comprises the retrospect of Vanke development and its external circumstance and business strategy introduction. Basing on these introductions, some topics will have been unveiled and highlighted in following analysis. With the assistant of analysis of cash flow, earning capability and perspective, the case analysis is intended to figure out the underlying motivation of its strategy, evaluate the efficiency and suitability of its strategy, forecast risks existing possibly, and also, some corresponding advices will be delieved. As for the analysis methods, the general connection and implementation of horizontal and vertical comparison is contributive in terms of final analysis, Moreover, the comprehensive analysis of macro economy, real estate industry and Vanke’s strategy is also one of advantages of this case study. The main questions this case analysis focusing include why and where Vanke should quit, what is the real prospect of its expanding strategy and whether the cash flow will be the bottleneck of its ambitious expansion. The detailed analysis about these questions will be available in Chapter 6,7,8 respectively. Key words: Statement Analysis, Strategy, Earning Capability, and Cash Flow Contents Chapter 1、Retrospect of Vanke 4 1.1 Vanke’s Initial Expanding 4 1.2 Vanke’s Busisness Contraction 4 1.3 Vanke’s Specilized Expanding 7 1.4 Vanke’s Puzzle in the Future Deveelopment 9 1.5 Retrospect of Vanke in Capital Market 10 1.5.1 Vanke’s Memorabilia in Capital Market 10 1.5.2 Vanke’s Capital Structure 11 1.5.3 Vanke’s Performance in Stock Market 12 Chapter 2、Vanke’s External Surrounding 13 2.1 General Situation of Real Estate Market 13 2.2 Current Condition of Residence Market 15 2.3 Ma