上市公司盈利研究——以三全食品股份有限公司为例分析摘 要盈利能力不仅是企业发展的基础同时也是企业财务分析的核心。盈利能力主要包括毛利率，净利润率，营业利润以及现金比率等。通过逐个盈利能力指标可以掌握一个企业的经营业绩及发展情况，从而促使我们不断寻找解决方法，改善企业经营政策、提高企业经营管理水平。而对于盈利能力利益相关者来说，分析盈利能力可以评估出公司所提供信息的真实度和完整度，为他们行动提供正确的参考。文章利用了盈利能力分析的相关理论并加上具体研究方法，在了解三全食品概况及背景的基础上，对营业利润、营业费用、投资活动等细化分析公司盈利能力。首先，运用连续三年的盈利状况对公司的盈利能力进行全面分析；其次，分析其与同业公司盈利状况进行比较并揭示其隐含的存在问题；最后，运用杜邦分析法大范围的总体分析，最后做出最终评价，由此为公司管理层作出重要决策提供相关参考。关键词 三全食品；盈利能力；财务指标IA Study on the Profit of Listed Companies: A Case Study of Sanquan Food Co., Ltd. ABSTRACTProfitability is not only the foundation of enterprise development. but also the core of enterprise financial analysis. Profitability mainly includes gross profit rate, net profit rate operating profit and cash ratio. Through the index of profitability one by one, we can grasp the operating performance and development of an enterprise, thus prompting us to constantly find solutions, improve the enterprise management policy and improve the level of enterprise management. For the profitability stakeholders, the analysis of profitability can assess the authenticity and integrity of the information provided by the company, and provide the correct reference for their actions. Based on the general situation and background of Sanquan Food, this paper uses the theory of profitability analysis and specific research methods to analyze the profitability of the company in detail, such as operating profit, operating expenses and investment activities...
