2007年上市民航运输企业财务分析

2007 Financial Situation Analysis of Listed Enterprises Civil Aviation Ransportation

利用2007年财务报告,对中国国际航空公司(简称国航)、中国南方航空集团(简称南航)、中国东方航空集团(简称东航)、海南航空公司(简称海航)、上海航空公司(简称上航)5家A股上市民航运输企业财务状况进行了分析,采用比较分析法、比率分析法对5家企业的财务报表进行分析。结果表明,传统财务报表分析方法是从盈利水平和财务风险的角度进行的,从盈利质量、资产质量和现金流的视角能更全面系统地进行财务报表分析,为相关信息使用者决策提供更科学的依据。表明5家A股上市民航运输企业中,在资产规模、获利能力以及创造现金流方面,国航具有总体相对优势,在净资产率和现金流方面,海航具有相对优势。

The financial report in 2007 on the A-share listed five civil aviation transportation enterprises in the financial analysis, 5 A-share listed civil aviation transportation enterprises are referring to China National Aviation Holding Company, China Southern Airlines Group, China Eastern Airlines Group, Hainan Airlines, Shanghai Airlines. A comparative analysis of methods and ratio analysis are used. Traditional financial statements analysis are from the level of profitability and financial risk perspective, from the quality of earnings, asset quality and cash flow perspective, a more comprehensive system of financial statements is analysising,and provide a more scientific basis for the relevant decision-making information users. Analysis showed that 5 A- share listed civil aviation transportation enterprises, in the firm size, profitability and create cash flow, Air China has an overall comparative advantages in general, from the ratio of net assets and cash flow, Hainan Airlines has a comparative advantage.