鲁泰A财务分析英文版.docx

1、鲁泰A财务分析英文版2015-2016学年第一学期财务报表分析期末大作业题目： 鲁泰纺织股份有限公司财务报表分析院系： 金陵女子学院会计系班级： 13级8班姓名： 学号： 教师： 赵日期： 2015年12月28日Contents.Abstract-3Report objectives-3.Summary of the basic company information-3Brief story-3Main business-3Leadership style -3Company development potential-5R & D and development of the compan

2、y-7The companys sales-9Core competence of the company-11.Appendix-12.AbstractReport objectivesThis is an analysis report about the financial performance of Shanghai Jin Jiang International Hotels Development Co., Ltd. which has been listed in the SSE in 1994. This report is achieved by researching,

3、analyzing and evaluating the companys consolidated financial statements, and then comparing with the performance of competitors in the same industry.The objective of this analysis report is to provide some meaningful and fair judgement of the company and help the users of the financial statement to

4、make correct decisions about the investments they hold.Summary of the basic company informationBrief storyLutai Textile Co., Ltd. is a foreign-invested joint-stock enterprises, A-share and B-share Listed Companies, now has 36 manufacturing factories, 12 controlled subsidiaries, high quality cotton b

5、ase of 15 million mu is with from cotton breeding and planting to spinning, dyeing, weaving, finishing, garment production, to dual brand marketing of a complete industrial chain of textile and garment enterprisesCompany with an annual output of yarn dyed fabric 1.9 million meters, fabric printing a

6、nd dyeing 85 million meters, shirts, 20 million; 80 percent of products sold in the United States, European Union, Japan and so on more than 30 countries, high-grade yarn dyed fabric independent brand exports reached 70%, export market share accounted for 18% of the global market.Main businessPerson

7、nel cotton yarn, yarn dyed fabric, shirt, garment accessories, health underwear, textile and related products production, processing and sales business; textile and apparel product design, research and development, technical services; non operating quota license management, non franchised commodity

8、purchasing export, hotels, guesthouses, restaurants, meeting and training services; housing ownership, land leasing business; pure water production and sales. Leadership style Liu Shizhen, chairman of the board of directors, male, Lu Thai textile Limited by Share Ltd chairman, general manager. In 19

9、87, as the coal industry company manager, he was appointed part-time Zibo seventh cotton spinning factory, when with the staff that full of expectation and there is no lack of suspicion relative he hefts the components and responsibilities as a director.1988, Liu Shizhen established and foreign join

10、t venture, open up markets at home and abroad to earn money of strategic thinking, decision and Thailand Thai Lun Textile Co., Ltd. joint venture enterprise. In order to formalities, he on the run. To Beijing, in order to get to work on time to work on time to the office of the functional department

11、s, he was late at night from Zibo to Beijing to catch up, in the road and the driver turns driving, when people go to work, he had to wait outside the office of the 8. In this way, more than 40 days time, before and after running Beijing 33 times, ran bad a Santana, cover finished 243 chapter, with

12、incredible speed and efficiency run under a joint venture project, pioneering enterprise construction become China Yangtze River to the north of the first Sino foreign joint venture Co., Ltd. Enterprises show a vigor and vitality; workers from Liu Shizhens body to see the hope (the beginning of entr

13、epreneurship is still very hard-working and motivated).We foreigners money, foreigners and learn the skilled foreigners, referring to the measures for the administration of the foreigners, finally, our products sold to foreign, to the country a foreign exchange, earn is foreigners money. Liu Shizhen

14、 to reporters said that in 1988, Zibo seventh cotton mills and Thailand Thai Lun Textile Co., Ltd. set up Sino foreign joint ventures Lutai Textile Co., Ltd., foreign cash $275 million into the capital, then added in succession to $530 million. Later, Lu Thai reform listed B shares to raise funds ou

15、tside the yuan. Companies use the funds purchased foreign first-class equipment, hired foreign well-known industry experts to produce conforms to the international standard of cotton yarn and yarn dyed fabric high-end products, more than 80% of products exported overseas, color weaving the world kin

16、g, and by the original a small single spinning enterprises, development of a set of cotton, spinning, dyeing, weaving, finishing and garment manufacturers improve the integration of industrial chain.Liu Shizhen had great hardship spirit. Theres no Sunday and holidays in his work schedule. He 365 day

17、s a years time, almost all used in the work, Liu Shizhen to work hard like. From Japan, the introduction of the advanced 2112O spinning equipment, according to the normal installation speed of some units at that time generally in a year or so. Liu Shizhen held an emergency meeting of team members, w

18、e reached a consensus to the fastest speed in production. In this way, they only took 55 days to complete the installation and a successful test. When Lu Tai put the first batch of products for joint venture partners to watch, the other thought is where half believe and half doubt, borrowed samples.

19、 When the JV partners is Lutai produced samples, stunned, nodded. They immediately said that every year by the corporate contract dividends are not taken away, all for the expansion of the companys expansion of reproduction.Entrepreneurship at the beginning, Liu Shizhen established the famous brand

20、strategy. Under the brand strategy, Lu Thai products in the international cotton market by Japan, Thailand, South Korea and Australia, as the Chinese textile industry maotai. On September 1, 2004, held in the Great Hall of the people in Beijing, China famous brand and quality management advanced in

21、recognition of the General Assembly, Lutai Textile Stock Co., Ltd. production of Lu tiger Lei Fen shirt won the 2004 China famous brand product title. In the training of talent, Liu Shizhen at the expense of. Over the years, the company continued to expand the scale of production, increase the produ

22、ction of new projects, funds have been relatively tight. However, in order to the long-term development of enterprises, the company has been to support the construction of the school. Liu Shizhen has personal investment 100 million yuan, specifically for the second vocational school set up a Lu Thai

23、 textile scholarship fund, in order to reward outstanding achievements in teaching of teachers and deserving students. In September 11, 2004, the company held the fifth session of the Lu Thai textile grants issuing ceremony.Company development potential(a) industry boomSingle row of one of the busin

24、ess indicators for the textile manufacturing sector. With the slow recovery of exports, in 2012, Lu Tai A to maintain a single period of 1 months. In 2013, the company increased the single stage to 3-4 months level.December 2013, Lutai A shirt orders scheduled to 2014 April to 2014 March ranked orde

25、r shirt. Lu Thai A year to maintain 100% operating rate.Fed cut the size of QE display the U.S. economy is stronger, a modest recovery in external demand environment, export-oriented enterprises benefit, products eventually 70% sold to Europe, America and Japan, and have strong pricing power will be

26、 14 years in Europe, America and Japan, the three major economies the simultaneous recovery of the beneficiaries.This year we market overall is much better than last year, even on the whole to exceed the previous year. In June, especially after August, the Japanese market is active; the United State

27、s market although the decline, but our quality customers, the customer did not reduce orders, some influential customers but increased orders. And the domestic market also has a relatively good development this year. Zhang Jianxiang, general manager of the general manager of the textile Limited by S

28、hare Ltd and director of the technology research and development center, said.(b) farmers subsidyMarket of generally expected Cotton Subsidy Policy will be launched in 14 years, subsidy policy implications will be mainly fine cashmere cotton, Lutai with cotton to cotton based, fine cotton accounted

29、for only 20%, subsidy limited direct impact on the company.Implement farmers subsidy policy, will enable the domestic cotton prices return to the market, which means end of cotton prices fallback behavior. Implementation of farmers subsidies will enable the domestic cotton prices reduce administrati

30、ve intervention, attributed to market supply and demand, can also reduce the purchasing cost of textile industry, enhance the international competitiveness and profits.Subsidies, expects the domestic price of fine cotton and long staple cotton will be closer to the. For farmers, planting cotton to pay more, but the price is more close to