WULIANGYE YIBIN CO.,LTD Corporate Finance Assignment ——Analysis report of WULIANGYE YIBIN CO.,LTD Group members： 杨旭祥 0920010304 张 菁 0904020085 杜泽薇 0917010020 林绳业 0920010156 汪雪霁 0920010235 刘 欢 0911030045 December 5, 2010 Total words :1999(without appendix) ANALYSIS REPORT OFWULIANGYIBIN CO.,LTD 2 Contents 1. Abstract····································page 3 2. Introduction to the company···················page 3 3. Financial ratios······························page 3 4. Calculations and analysis······················page 5 5. Conclusion·································page 12 6. Appendix ·································page 13 ANALYSIS REPORT OFWULIANGYIBIN CO.,LTD 3 1. Abstract Our group analyse the major ratios of Wuliangye by using techniques of time-trend analysis and peer group analysis.We choose the year 2006,2008 and 2009 to do the time-trend analysis.As for the peer group analysis, we choose Luzhoulaojiao, Guizhoumaotai, Shanxifenjiu and Tuopaiqujiu to get the industry average level and make a comparison. 2. Introduction to the company Wuliangye Yibin Company Limited is located in Yibin Sichuan province.Wuliangye is one of the most famous white spirit and it is a well-known trademark in China. The company distributes its products all over the domestic market and exports to overseas markets.It also produces other products.As a whole,Wuliangye is a company with deep enterprise culture. 3. Financial ratios (1)Short-term solvency Current ratio: (current assets)/ (current liabilities). The higher of the ratio,the richer of a firm’s capital turnover and the stronger ...
