摘要：当今物流行业在社会经济的发展中起到了很大的作用。本文以九立股份2014年和2015年的财务报表为基础，对其财务报表进行了报表分析和财务比率分析，得出九立股份资产负债率较高、具有较好的存货管理能力、销售毛利和净利润也在不断的增长等一系列结论。为了使财务分析不单一和具有参考可比性，本文选择了让九立股份与飞马国际和普路通进行横向财务对比分析，这两家公司和九立股份一样属于新物流行业下的供应链管理服务行业且相对九立来说成立和上市较久。通过对九立股份、飞马国际和普路通进行偿债能力、营运能力、盈利能力和现金流量指标的比较，得出了九立股份的偿债能力指标基本符合行业标准，具有良好的偿债能力、营运能力和管理能力，但是九立股份的应收账款增长过快，导致流入企业的现金相对较低。虽然从九立股份的财务报表上可以看出九立股份处在一个比较乐观的发展时期，但是在发展的过程中也存在着一些物流企业都会存在的相似问题，如拓展市场和资金内部控制不足。71940

毕业论文关键词： 财务报表；物流；偿债能力；盈利能力

Financial analysis and research of Jiu Li shares

Abstract：Today's logistics industry in the socio-economic development has a great role。 Based on the financial statements of Jiu Li shares 2014 and 2015, this paper analyzes the financial statements and the financial ratio analysis。 It has obtained that the assets and liabilities ratio of Jiuli shares is higher, the inventory management ability is better, the sales profit And net profit is also growing and so on a series of conclusions。 In order to make the financial analysis is not a single and with reference comparability, this paper chooses to make the nine shares and Pegasus International and Pu Lutong horizontal financial comparative analysis, the two companies and Jiuli shares belong to the new logistics industry under the supply chain Management services industry and relatively Jiuli to set up and listed for a long time。 Through the comparison of the solvency, operating ability, profitability and cash flow indicators of Jiuli shares, Pegasus International and Putuo Tong, it is concluded that the solvency index of Jiuli shares basically conforms to the industry standard and has good compensation Debt capacity, operational capacity and management capacity, but Jiu Li shares of accounts receivable growth too fast, resulting in the cash flow into the enterprise is relatively low。 Although the financial statements from Jiuli shares can be seen Jiuli shares in a more optimistic period of development, but in the development process there are some logistics enterprises will exist similar problems, such as expanding the market and internal control of funds。

KeyWords：Financial statements; logistics; solvency; profitability

目录

第一章、绪论 1

（一） 引言 1

（二） 文献综述 1

1、 财务分析研究方面 1

2、 物流行业研究方面 2

（三） 研究的意义 2

（四） 选择九立股份进行分析的原因 3

（五） 九立股份的企业介绍 3

（六） 研究思路和方法 3

1、 研究思路 3

2、 研究方法 3

（七） 论文结构 4

第二章、财务报表相关理论概述