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1、Financialanalysiscoursework GuangzhouBaiyunshanPharmaceuticalCo Ltd 2010AnnualReportAnalysis InternationalInstituteofAccounting0803 Teammembers AnalysisOutline 1 Introduction2 Commonratioanalysis3 RelatedRatioAnalysis4 ComparativeAnalysisofcompetitors5 Conclusions 1 Introduction 1 Basicinformationof
2、companyChineseCompanyName GuangzhouBaiyunshanPharmaceuticalCo Ltd NameinEnglish GuangzhouBaiyunshanPharmaceuticalCo Ltd Chineseabbreviationofthecompany BaiyunshanPharmaceuticalCompanyabbreviation BYSLegalrepresentative Mr XieBinBoardSecretary Mr QiaoYongAddress BaiyunDistrict GuangzhouCity Guangdong
3、Province andthestreetwith88YunxiangRoadPhone 020 87062599Fax 020 87 063 699E mail qiaoyong SecuritiesAffairsRepresentative MissGaoYanzhuAddress BaiyunDistrict GuangzhouCity GuangdongProvince andthestreetwith88YunxiangRoadPhone 020 87062599Fax 020 87 063 699E mail gyzh2611 1 Introduction 2 CompanyBus
4、inessDescriptionGuangzhouBaiyunshanPharmaceuticalCo Ltd Establishedin1973 1992 GuangzhouMunicipalPeople sGovernmentof11menstrualapprovedbytheGeneralPharmaceuticalFactory GuangzhouBaiyunMountain suchastheestablishmentoffivejoint stockcompaniesthroughtherestructuringofenterprises inNovember1993asthefi
5、rstbatchofGuangzhouCityListedcompanieslistedontheShenzhenStockExchange nowhastotalsharecapitalof469million Salesvolumein2007reached3 61billionyuanin2008salesvolumeofover4billionyuan companyfocusedonthepharmaceuticalindustry thebusinessincludestheproductionandmanagementofavarietyofdosageformsofChines
6、eandWesternmedicine chemicalrawmaterials externaluse children smedicine healthmedicineandotherdrugs Afteryearsofdevelopment undertheWhiteCloudMountainatotalof12membercompanies haveallpassedthenationalGMP GSPcertification GuangzhouBaiyunMountainInnovationCentreChemicalPharmaceuticalEngineeringTechnol
7、ogyCenterinGuangdongProvince thecompanyovertheyearstobrandbuilding establishingthefirstpharmaceuticalpreparationsinthecountryoneofthebrand itsbrandawarenessandreputationamongconsumersinthecountryhasastronginfluence 2006 WhiteCloudMountain trademarkwasidentifiedaswell knowntrademarksinChinain2007 was
8、identifiedas focusontraininganddevelopmentofexportsofGuangdongProvinceFamousBrand titlebrandvaluein2008wasassessedtobe10 52billionyuan Business development production salesofChineseandWesternmedicine chemicalrawmaterials externaluse children smedicine healthmedicine Operationofcommercialandmaterials
9、upplyandmarketing Operatingvarioustypesofgoodsandtechnologyimportandexportbusiness exceptfornationallimitandprohibition Managementandfeedprocessingandthe threetofilla business Productionoftwotypesofclinicaltestingoftheinstrumentsanddiagnosticreagents 1 Introduction 3 2010annualoperatingresultsUnit m
10、illion 一 公司介绍 3 annualoperatingresultsin2010Unit million 3 2010annualmainbusinessregionsUnit million 二 共同比分析 ComparisonofaccountingdatacalendarUnit Yuan 2 Commonratioanalysis LongitudinalanalysisofthecommonratioBalanceSheet 2 Commonratioanalysis LongitudinalanalysisofthecommonratioIncomeStatement 2
11、Commonratioanalysis SummaryoflongitudinalanalysisofthecommonratioCompanyformorerationaluseoffundsinthefuturedevelopmentofthedebtthecompanyisfacingdown thecompanyincreasedmobility improvedabilitytorepaythedebt theenterprise sreputationismoresecure Companyattachesimportancetotheuseofnewtechnologies im
12、provetheinternalmanagementmorestreamlined bettercustomerservice Netincomeincreasedtoincreasetheeffectivenessofthecompany theinvestorshavemoreconfidenceinthestability 2 Commonratioanalysis CommonratioofhorizontalBalanceSheet 2 Commonratioanalysis CommonratioofhorizontalIncomeStatement 2 Commonratioan
13、alysis SummaryofthecommonratioofhorizontalCompanyformorerobustuseoffundsandreasonable thecompany soperationsmoresmoothly liquidity solvency corporatereputation andotherareashavebeenprotected Declineinthecompany sdebt thecompanyforreducingtheburdenofdebt moremoneyintothebusinesssales thecompanyearnin
14、gscouldincreasefurther Companyrevenuehasincreasedeachyear significantlyimprovedtheeffectivenessofthecompany netincomedoubledup sothatinvestorshavemoreconfidenceininvestment Inmanagement thecompanytendstoimprovethemanagementandthecompany sstrengthyearafteryearstrong withinvestorsforgreaterstability 3
15、 RelatedRatioAnalysis 3 RelatedRatioAnalysis FlowAnalysisSummarySignificantimprovementinliquidity andaslidingscaleyearafteryear verygoodabilitytomorestablecapitalflows Timelyrecoveryofaccountsreceivable inventoryflowcapacityincreasedsignificantlyintermsofaccountsreceivableandinventoryistoobtainbette
16、rreturns Salesdidnotkeepupwiththepaceofworkingcapital whichisabadtrend 3 RelatedRatioAnalysis 3 RelatedRatioAnalysis Summaryoflong termsolvencyofThesolvencyofthecompanyverywell thecreditor sinterestiswellmaintained Thecompanyhasagoodreputationthatinthebankstogetfundstohelpbetter Intheinterestsofcreditorsbankruptcycanbewellmaintained 3 RelatedRatioAnalysis 3 RelatedRatioAnalysis ProfitabilityAnalysisSummaryFrom2008to2010 thecompany sprofitabilitycontinuestoimprove netinterestmarginandoperatingmar
