【摘要】：港口作為國民經(jīng)濟和社會發(fā)展的重要基礎設施,有力地支撐了整個國家社會、經(jīng)濟、貿易的發(fā)展。2009年,歐洲債務危機爆發(fā),新興市場貿易增長趨緩,發(fā)達國家經(jīng)濟反復震蕩,對港口行業(yè)的發(fā)展難以形成有力的拉動,意味著港口行業(yè)高盈利增長時代基本結束,未來相當長時間將維持低增長。如何提升港口的盈利能力已經(jīng)成為經(jīng)營者乃至國家關注的焦點。因此,研究港口行業(yè)的盈利能力,不僅具有廣泛的理論價值,而且對整個行業(yè)也有顯著的實踐價值。 首先,本文研究了國內外有關盈利能力的成果,基于此從理論上分析了,影響生產(chǎn)經(jīng)營活動的盈利能力因素、影響資產(chǎn)盈利能力因素、影響所有者盈利能力因素3個模塊。然后,結合營業(yè)利潤、利潤總額、凈利潤、吞吐量的數(shù)據(jù),使用對比分析、圖表分析等方法研究了港口上市公司盈利能力的現(xiàn)狀。根據(jù)研究目標和港口上市公司的實際情況,選取了8個財務指標,構建起適合港口上市公司盈利能力的評價體系。在評價體系的基礎上,本文以國內17家港口上市公司為樣本,采用其2010-2012年連續(xù)3年的年報數(shù)據(jù),運用因子分析法,分別對樣本公司8個評價公司盈利能力的財務指標進行了分析。 研究發(fā)現(xiàn)：1、港口行業(yè)內的上市公司盈利能力強弱差距較大。2、每個公司在,資產(chǎn)運營盈利能力、所有者投資盈利能力、生產(chǎn)經(jīng)營盈利能力、現(xiàn)金流量盈利能力這四個方面都各有高低,沒有一家公司在這四個方面都特別強。4、資產(chǎn)運營盈利能力、所有者投資盈利能力對評價港口上市公司的盈利能力影響較大3、一半的港口上市公司盈利能力低于整體平均水平。4、盈利能力強的港口上市公司,現(xiàn)金流量壓力比其它上市公司壓力大。最后根據(jù)以上的研究結果再結合市場的情況,本文給出了提高港口上市公司盈利能力的對策建議。
[Abstract]:As an important infrastructure for national economic and social development, ports have strongly supported the development of society, economy and trade of the whole country. In 2009, the European debt crisis broke out, the growth of trade in emerging markets slowed down, and the economy of developed countries oscillated repeatedly. How to improve the profitability of the port has become the focus of attention of the operators and even the state. Therefore, the study of the profitability of the port industry has not only broad theoretical value, but also significant practical value for the entire industry.
Firstly, this paper studies the results of profitability at home and abroad. Based on this theory, it analyzes the profitability factors of production and operation activities, the profitability factors of assets, and the profitability factors of owners. Based on the research objectives and the actual situation of port listed companies, eight financial indicators are selected to construct an evaluation system for the profitability of port listed companies. On the basis of the evaluation system, this paper takes 17 domestic port listed companies as samples and adopts 20 of them. Based on the data of the annual reports for three consecutive years from October to 2012, this paper analyzes the financial indicators of 8 sample companies to evaluate their profitability.
The results show that: 1. There is a big gap between the profitability of Listed Companies in the port industry. 2. Each company has its own level in four aspects: the profitability of asset operation, the profitability of owner's investment, the profitability of production and operation, and the profitability of cash flow. Capacity, owner's investment profitability has a greater impact on the evaluation of the profitability of port listed companies. Half of the port listed companies'profitability is lower than the overall average level. 4. The profitability of port listed companies, cash flow pressure is greater than that of other listed companies. Finally, according to the above research results and combined with the market situation. This paper gives some suggestions on how to improve the profitability of Listed Companies in the port.
【學位授予單位】：廣東工業(yè)大學
【學位級別】：碩士
【學位授予年份】：2014
【分類號】：F552.6;F275

【引證文獻】

相關碩士學位論文 前1條

1 徐海航;淡水河谷財務報表分析[D];大連海事大學;2015年

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本文編號：2177746