会计专业英语财务报表分析.doc

Financial Statement Analysis of SICHUAN CHANGHONG ELECTRIC CO., LTD - i - Financial Statement Analysis of SICHUAN CHANGHONG ELECTRIC CO., LTD 【Abstract】 A financial tsunami which had never been so violent over the past 100 years is confusing the whole world in 2008.Viewing from its nature,this financial storm was caused by the subprime crisis crisis.And the innovation of those financial derivatives just aggravates this subprime crisis, transforming the regional crisis of American sub-loan into a severe global economic storm.The subprime crisis can also be regarded as a break-down of the bubble economy,which is overspreading to the high-level credit market. Subprime mortgage loans and high-level housing loans are based on the same asset-backed real estate. 【Key word】financial storm whole world sub-loan bubble economy - ii - Contents TOC \o 1-3 \h \z \u HYPERLINK \l _Toc233019203 Introduction PAGEREF _Toc233019203 \h 1 HYPERLINK \l _Toc233019204 1、Macroeconomic Situation PAGEREF _Toc233019204 \h 2 HYPERLINK \l _Toc233019205 2、Microcosmic Environment PAGEREF _Toc233019205 \h 4 HYPERLINK \l _Toc233019206 2.1 Aggregative Circumstance PAGEREF _Toc233019206 \h 4 HYPERLINK \l _Toc233019207 2.2 Market Environment PAGEREF _Toc233019207 \h 4 HYPERLINK \l _Toc233019208 3、Company Situation PAGEREF _Toc233019208 \h 6 HYPERLINK \l _Toc233019209 4.1 Compute the Ratios PAGEREF _Toc233019209 \h 7 HYPERLINK \l _Toc233019210 4.1.1 Liquidity Ratio PAGEREF _Toc233019210 \h 7 HYPERLINK \l _Toc233019211 4.1.2 Asset Management Ratio PAGEREF _Toc233019211 \h 7 HYPERLINK \l _Toc233019212 4.1.3 Profitability Ratio PAGEREF _Toc233019212 \h 8 HYPERLINK \l _Toc233019213 4.1.4 Ratio Comparison PAGEREF _Toc233019213 \h 8 HYPERLINK \l _Toc233019214 4.2 Company Financial Strength PAGEREF _Toc233019214 \h 9 HYPERLINK \l _Toc233019215 4.2.1 Growth Ability PAGEREF _Toc233019215 \h 10 HYPERLINK \l _Toc233019216 4.2.2 Profitability PAGEREF _Toc233019216 \h 10 HYPERLINK