摘要
企業(yè)是社會(huì)經(jīng)濟(jì)的細(xì)胞，股份制企業(yè)是社會(huì)經(jīng)濟(jì)細(xì)胞中較活躍的群體。本
文選擇了自己熟悉的“債轉(zhuǎn)股”企業(yè)—四川槽漁灘水電股份有限公司作為經(jīng)濟(jì)考察和財(cái)務(wù)分析的對(duì)象。試圖通過(guò)對(duì)該公司發(fā)展的全過(guò)程進(jìn)行由外到內(nèi)地剖
析，揭示在社會(huì)主義市場(chǎng)經(jīng)濟(jì)條件下企業(yè)生存和發(fā)展的客觀規(guī)律。
第一部分，公司背景分析。對(duì)公司的產(chǎn)生、發(fā)展以及變化進(jìn)行了簡(jiǎn)要地介
紹，使讀者對(duì)公司有一個(gè)總體的感性認(rèn)識(shí)。
第二部分，公司SW叮分析。通過(guò)分析公司外在機(jī)會(huì)和威脅以及內(nèi)在的優(yōu)勢(shì)
和劣勢(shì)，使我們對(duì)公司所處的環(huán)境有一個(gè)比較直觀地了解:公司以水力發(fā)電作
為主業(yè)，屬朝陽(yáng)產(chǎn)業(yè)，公司有發(fā)展?jié)摿Α５娏π枨笫袌?chǎng)變幻莫測(cè)，時(shí)而供不
應(yīng)求，時(shí)而供過(guò)于求，這將給公司的經(jīng)營(yíng)和發(fā)展既帶來(lái)了機(jī)會(huì)，又構(gòu)成了威脅，
但總的講機(jī)會(huì)大于威脅。隨著國(guó)家電力體制的改革，企業(yè)將失去一些原有的優(yōu)
勢(shì)，故公司必須進(jìn)行調(diào)整和改革。
第三部分，公司的財(cái)務(wù)分析。首先，提出了財(cái)務(wù)分析的理論依據(jù)、主要內(nèi)
容和基本方法.接著圍繞企業(yè)價(jià)值和風(fēng)險(xiǎn)水平兩個(gè)因素，從財(cái)務(wù)報(bào)表的調(diào)整、
資本結(jié)構(gòu)分析、資產(chǎn)運(yùn)營(yíng)效率、盈利能力分析、償債能力分析、現(xiàn)金流量分析
和公司綜合分析七個(gè)方面，盡量全面、客觀地闡述公司的財(cái)務(wù)狀況及經(jīng)營(yíng)成果。
分析中，混合采用了比率法、比較分析法和趨勢(shì)分析法，并采用了國(guó)際上廣泛
使用的杜邦分析法對(duì)企業(yè)進(jìn)行綜合分析。最后，針對(duì)公司在盈利能力和風(fēng)險(xiǎn)水
平上存在的問(wèn)題，提出了加強(qiáng)財(cái)務(wù)管理的意見(jiàn)。
第四部分，公司未來(lái)發(fā)展分析。根據(jù)當(dāng)前面臨的形勢(shì)，從公司發(fā)展和自身
的產(chǎn)業(yè)特征出發(fā)，提出了公司未來(lái)發(fā)展的三種思路:發(fā)展水電，實(shí)施可持續(xù)發(fā)
展戰(zhàn)略;調(diào)整結(jié)構(gòu)，產(chǎn)業(yè)升級(jí)，進(jìn)一步發(fā)揮電冶產(chǎn)業(yè)鏈的作用:建設(shè)“生態(tài)槽
漁灘”，提升公司整體形象和效益。
總之本報(bào)告力求采用一套完整的分析體系，透過(guò)公司財(cái)務(wù)變化的趨勢(shì)和原
因，找出目前存在的主要問(wèn)題，尋求新的對(duì)策和思路，形成企業(yè)發(fā)展的戰(zhàn)略構(gòu)
想。
本文對(duì)公司的財(cái)務(wù)分析帶有明顯的講義和評(píng)論的跡象，就是對(duì)企業(yè)發(fā)展的
預(yù)測(cè)，也還要經(jīng)受當(dāng)時(shí)社會(huì)實(shí)踐的檢驗(yàn).
關(guān)鍵詞:槽電公司財(cái)務(wù)分析債轉(zhuǎn)股企業(yè)發(fā)展
前言·······，·····，，··········，·，··········································
第一部分公司背景·····································..·...·..·
第二部分公司上市的SWOT分析································
2.1機(jī)會(huì)(Opportunities)·····································
2.1·l全省經(jīng)濟(jì)快速增長(zhǎng)······································
2.1·2電力市場(chǎng)相對(duì)緊張······································
2.1.3發(fā)展水電支柱產(chǎn)業(yè)，實(shí)施“西電東送”戰(zhàn)略·····
2.2威脅(THREATS》······································.··.··
2.2.1電力市場(chǎng)的相對(duì)過(guò)剩···································
2.2.2電力體制改革，競(jìng)爭(zhēng)加劇·····························
2.2.3電力價(jià)格逐漸下降···························..........
2.3優(yōu)勢(shì)(STRENGTHS)···········································
2.3.1資源豐富，具有開(kāi)發(fā)優(yōu)勢(shì)·····························
2.3.2成本較低，具有競(jìng)爭(zhēng)優(yōu)勢(shì)·····························
2.3.3實(shí)施債轉(zhuǎn)股，具有政策優(yōu)勢(shì)··························
2.4劣勢(shì)(昵AKNESSES》···········..··.··..·.····.·..·...........
2.4.1區(qū)位不利，影響電力管理·····························
2.4.2出力不勻，影響電力質(zhì)量·····························
2.4.3稅負(fù)不輕，影響電力投資·······················，·····
第三部分:公司運(yùn)作的財(cái)務(wù)分析··································
3.1財(cái)務(wù)分析理論··················································
3.1.1財(cái)務(wù)分析的目的·········································
3.1.2財(cái)務(wù)分析的內(nèi)涵········································
3.1.3財(cái)務(wù)分析的特征········································
3.1.4財(cái)務(wù)分析的內(nèi)容········································
3.1.5財(cái)務(wù)分析的方法····························............
3.1.6財(cái)務(wù)分析的局限性·····································
3.2財(cái)務(wù)報(bào)表分析·················································
3.2.1對(duì)公司財(cái)務(wù)報(bào)表的調(diào)整·······························
3.2.2對(duì)公司的資本結(jié)構(gòu)分析···················............
3.2.3對(duì)公司的資產(chǎn)運(yùn)營(yíng)效率分析·························
3.2.4對(duì)公司的盈利能力分析·························..····
3.2.5對(duì)公司的償債能力分析·························.....·
3.2.6對(duì)公司的現(xiàn)金流..