基于财务报告的上汽集团价值投资分析-工商管理专业论文.docxVIP

万方数据 万方数据 T H E VA L U E I N V E S T M E N T A N A LY S I S O F S A I C B A S E D O N F IN A N C I A L R E P O RT ABSTRACT With the concept of value investment spread across the country, Warren Buffett is known to more and more people. The “God of stock” named investment master makes himself on the top list of the fortune in the world by value investment. To make value investment means to compare the intrinsic value with the current price, through which the process of making investment decision is done. It is the general principle valid in any market. Value investment starts with value evaluation and value evaluation should starts with the accounting statistics. The glamour of the accounting statistics stems from the accounting rules, which has strong logic and mutual-hooked entity. All the operating activities of the enterprises will be reported by the accounting statistics, which cannot be created or eliminated. With the quick development of the income standard in the city as well as countryside, there is huge space to be developed in China domestic automotive market. Whether the automotive corporation can lead a healthy and steady grow draws more and more attention. As the leading automotive maker in China, SAIC motor’s operating status has very important value of reference to China automotive industry. The paper analyzes the profitability, operating capacity, debt paying capacity and development capacity by the financial report over the years. In the mean time, the paper let us know the corporation’s financial status by a comprehensive Du pont analysis. The paper also analyzes SAIC motor’s capital operating strategy and management strategy. It serves the value investor who wants to invest in SAIC motor or the other automotive corporation by offering important information as references. KEYWORDS: value investment, SAIC motor, financial report, Du pont analysis 目 录 基于财务报告的上汽集团价值投资分析..............................................................................