基于灰色关联分析法的菲达环保盈利质量问题研究

LZUFE-KMS > 会计学院

作者	杨静
姓名汉语拼音	Yang Jing
学号	2018000008320
培养单位	兰州财经大学
电话	18046826272
电子邮件	1156262004@qq.com
入学年份	2021-9
学位类别	专业硕士
培养级别	硕士研究生
一级学科名称	会计
学科代码	1253
第一导师姓名	邢铭强
第一导师姓名汉语拼音	Xing Mingqiang
第一导师单位	兰州财经大学
第一导师职称	副教授
第二导师姓名	吕芝瑛
第二导师姓名汉语拼音	Lv Zhiying
第二导师单位	甘肃佛慈红日药源产业销售有限公司
第二导师职称	注册会计师
题名	基于灰色关联分析法的菲达环保盈利质量问题研究
英文题名	Research on the Quality of Fei Da Enviro Based on Grey Relational Analysis
关键词	盈利质量灰色关联分析法主营业务获利能力浙江菲达环保科技股份有限公司
外文关键词	Earnings quality ; Grey correlation analysis ; Profitability of main business ; Zhejiang Fei Da Environmental Science & Technology Co., Ltd.
摘要	盈利质量可以反映企业的运营情况，不论从数量上还是质量上都是企业利益相关者们关注的焦点。近年来环保行业及其细分行业政策利好，发展迅速，因此本文着眼于大气污染治理行业，选取浙江菲达环保科技股份有限公司为研究案例。菲达环保是环保产业中唯一的国家重大技术装备国产化基地，上市后风光无限，备受赞誉，但近几年却业绩下降，内部控制混乱，甚至连年亏损。菲达环保在近几年财务状况表现不佳，表明其盈利质量或许存在问题，需要进一步进行分析评价。本文通过整理盈利质量相关研究文献，发现很少有学者可以针对性的为某一企业建立盈利质量指标分析体系，在财务指标的选取上具有难以避免的主观性和随意性，仅仅简单照搬固有的指标分析体系进行研究。因此本文分三步对企业盈利质量进行了研究分析：第一，引入灰色关联分析法，计算相关财务指标与归属于上市公司股东净利润的关联度，深度筛选财务指标，建立适合于菲达环保的有针对性的盈利质量指标分析体系。第二，引入同行业企业财务数据，计算行业均值，对菲达环保盈利质量的稳定性、成长性、现金保障性和获利性进行横向及纵向分析，结合内外部影响因素的分析，得出菲达环保盈利质量的稳定性差，成长能力低下，现金保障性虽能维持平衡，但企业盈利能力还需提高的结论。第三，建议菲达环保要加大主营业务竞争力，降低偿债风险，提高资金使用效率，积极盘活企业闲置资产，加快资金流转，严格把控企业的内部控制，并积极采取措施抵挡国内外市场环境对企业的影响，抓住机遇，勇于挑战。菲达环保作为一家大型环保业上市公司，其盈利质量的现状与问题研究比较具有代表性，对其他同业公司也有一定的参考价值。
英文摘要	Earnings quality can reflect the operation of an enterprise, which is the focus of attention of enterprise stakeholders in both quantity and quality. In recent years, the environmental protection industry and its sub-sectors have favorable policies and developed rapidly. Therefore, this paper focuses on the air pollution control industry and selects Zhejiang Fei Da Environmental Science & Technology Co., Ltd. as a research case. Fei Da Enviro is the only national major technology and equipment localization base in the environmental protection industry. After listing, it enjoys great popularity and is highly praised. However, in recent years, its performance has declined, its internal control is chaotic, and even it has suffered losses year after year. The poor financial performance of Fei Da Enviro in recent years indicates that there may be some problems in its profit quality, which needs further analysis and evaluation. In this paper, we find that few scholars can set up a profit quality index analysis system for an enterprise. The selection of financial indicators is inevitably subjective and random, and we simply copy the inherent index analysis system for research. Therefore, this paper studies and analyzes the profitability of enterprises in three steps: First, it introduces the grey relational analysis method to calculate the correlation degree between relevant financial indicators and the net profit attributable to shareholders of listed companies, selects financial indicators, and establishes a targeted profitability index analysis system suitable for Fei Da Enviro. Secondly, introducing the financial data of enterprises in the same industry, calculating the industry average, analyzing the stability, growth, cash security and profitability of profit quality in Fei Da Enviro horizontally and vertically, and combining the analysis of internal and external influencing factors, it is concluded that the stability of Fei Da Enviro’s profit quality is poor, and the growth ability is low. Although the cash security can maintain a balance, the profitability of enterprises needs to be improved. Third, it is suggested that Fei Da Enviro should increase the competitiveness of its main business, reduce the risk of debt, improve the efficiency of capital use, actively revitalize idle assets of enterprises, speed up capital circulation, strictly control the internal control of enterprises, and actively take measures to resist the impact of domestic and foreign market environment on enterprises, seize opportunities and be brave in challenges. As a large listed company in environmental protection industry, the research on the current situation and problems of Fei Da Enviro's profit quality is representative, and has certain reference value forother peers.
学位类型	硕士
答辩日期	2021-05-16
学位授予地点	甘肃省兰州市
语种	中文
论文总页数	73
参考文献总数	57
馆藏号	0003806
保密级别	公开
中图分类号	F23/682
文献类型	学位论文
条目标识符	http://ir.lzufe.edu.cn/handle/39EH0E1M/29387
专题	会计学院
推荐引用方式 GB/T 7714	杨静. 基于灰色关联分析法的菲达环保盈利质量问题研究[D]. 甘肃省兰州市. 兰州财经大学,2021.

条目包含的文件
文件名称/大小	文献类型	版本类型	开放类型	使用许可
基于灰色关联分析法的菲达环保盈利质量问题（1881KB）	学位论文		暂不开放	CC BY-NC-SA	请求全文