Financialanalysiscoursework GuangzhouBaiyunshanPharmaceuticalCo Ltd 2010AnnualReportAnalysis InternationalInstituteofAccounting0803 Teammembers AnalysisOutline 1 Introduction2 Commonratioanalysis3 RelatedRatioAnalysis4 ComparativeAnalysisofcompetitors5 Conclusions 1 Introduction 1 BasicinformationofcompanyChineseCompanyName GuangzhouBaiyunshanPharmaceuticalCo Ltd NameinEnglish GuangzhouBaiyunshanPharmaceuticalCo Ltd Chineseabbreviationofthecompany BaiyunshanPharmaceuticalCompanyabbreviation BYSLegalrepresentative Mr XieBinBoardSecretary Mr QiaoYongAddress BaiyunDistrict GuangzhouCity GuangdongProvince andthestreetwith88YunxiangRoadPhone 020 87062599Fax 020 87 063 699E mail qiaoyong SecuritiesAffairsRepresentative MissGaoYanzhuAddress BaiyunDistrict GuangzhouCity GuangdongProvince andthestreetwith88YunxiangRoadPhone 020 87062599Fax 020 87 063 699E mail gyzh2611 1 Introduction 2 CompanyBusinessDescriptionGuangzhouBaiyunshanPharmaceuticalCo Ltd Establishedin1973 1992 GuangzhouMunicipalPeople sGovernmentof11menstrualapprovedbytheGeneralPharmaceuticalFactory GuangzhouBaiyunMountain suchastheestablishmentoffivejoint stockcompaniesthroughtherestructuringofenterprises inNovember1993asthefirstbatchofGuangzhouCityListedcompanieslistedontheShenzhenStockExchange nowhastotalsharecapitalof469million Salesvolumein2007reached3 61billionyuanin2008salesvolumeofover4billionyuan companyfocusedonthepharmaceuticalindustry thebusinessincludestheproductionandmanagementofavarietyofdosageformsofChineseandWesternmedicine chemicalrawmaterials externaluse children smedicine healthmedicineandotherdrugs Afteryearsofdevelopment undertheWhiteCloudMountainatotalof12membercompanies haveallpassedthenationalGMP GSPcertification GuangzhouBaiyunMountainInnovationCentreChemicalPharmaceuticalEngineeringTechnologyCenterinGuangdongProvince thecompanyovertheyearstobrandbuilding establishingthefirstpharmaceuticalpreparationsinthecountryoneofthebrand itsbrandawarenessandreputationamongconsumersinthecountryhasastronginfluence 2006 WhiteCloudMountain trademarkwasidentifiedaswell knowntrademarksinChinain2007 wasidentifiedas focusontraininganddevelopmentofexportsofGuangdongProvinceFamousBrand titlebrandvaluein2008wasassessedtobe10 52billionyuan Business development production salesofChineseandWesternmedicine chemicalrawmaterials externaluse children smedicine healthmedicine Operationofcommercialandmaterialsupplyandmarketing Operatingvarioustypesofgoodsandtechnologyimportandexportbusiness exceptfornationallimitandprohibition Managementandfeedprocessingandthe threetofilla business Productionoftwotypesofclinicaltestingoftheinstrumentsanddiagnosticreagents 1 Introduction 3 2010annualoperatingresultsUnit million 一 公司介绍 3 annualoperatingresultsin2010Unit million 3 2010annualmainbusinessregionsUnit million 二 共同比分析 ComparisonofaccountingdatacalendarUnit Yuan 2 Commonratioanalysis LongitudinalanalysisofthecommonratioBalanceSheet 2 Commonratioanalysis LongitudinalanalysisofthecommonratioIncomeStatement 2 Commonratioanalysis SummaryoflongitudinalanalysisofthecommonratioCompanyformorerationaluseoffundsinthefuturedevelopmentofthedebtthecompanyisfacingdown thecompanyincreasedmobility improvedabilitytorepaythedebt theenterprise sreputationismoresecure Companyattachesimportancetotheuseofnewtechnologies improvetheinternalmanagementmorestreamlined bettercustomerservice Netincomeincreasedtoincreasetheeffectivenessofthecompany theinvestorshavemoreconfidenceinthestability 2 Commonratioanalysis CommonratioofhorizontalBalanceSheet 2 Commonratioanalysis CommonratioofhorizontalIncomeStatement 2 Commonratioanalysis SummaryofthecommonratioofhorizontalCompanyformorerobustuseoffundsandreasonable thecompany soperationsmoresmoothly liquidity solvency corporatereputation andotherareashavebeenprotected Declineinthecompany sdebt thecompanyforreducingtheburdenofdebt moremoneyintothebusinesssales thecompanyearningscouldincreasefurther Companyrevenuehasincreasedeachyear significantlyimprovedtheeffectivenessofthecompany netincomedoubledup sothatinvestorshavemoreconfidenceininvestment Inmanagement thecompanytendstoimprovethemanagementandthecompany sstrengthyearafteryearstrong withinvestorsforgreaterstability 3 RelatedRatioAnalysis 3 RelatedRatioAnalysis FlowAnalysisSummarySignificantimprovementinliquidity andaslidingscaleyearafteryear verygoodabilitytomorestablecapitalflows Timelyrecoveryofaccountsreceivable inventoryflowcapacityincreasedsignificantlyintermsofaccountsreceivableandinventoryistoobtainbetterreturns Salesdidnotkeepupwiththepaceofworkingcapital whichisabadtrend 3 RelatedRatioAnalysis 3 RelatedRatioAnalysis Summaryoflong termsolvencyofThesolvencyofthecompanyverywell thecreditor sinterestiswellmaintained Thecompanyhasagoodreputationthatinthebankstogetfundstohelpbetter Intheinterestsofcreditorsbankruptcycanbewellmaintained 3 RelatedRatioAnalysis 3 RelatedRatioAnalysis ProfitabilityAnalysisSummaryFrom2008to2010 thecompany sprofitabilitycontinuestoimprove netinterestmarginandoperatingmar