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第1页Alibabagroupfinancialstatementanalysisreport注会1329孟海超130410852ThefinancialanalysisreportmainlyintroducesthesomeofthebasicsituationoflistedcompanyAlibaba,includingcompanyprofiles,industryanalysis,thecompany'sfinancialaccountingstatusandthissimpleanalysis,thecompany'sfinancialefficiencyanalysisandsomeoftheirownsummary,thehopecanthroughtheabovecontentmoredetailedunderstandingofAlibaba'srecentfinancialsituationandthefuturetrendofdevelopment.First,companyprofile2、Alibabagroupistheleaderinglobalelectroniccommerce,isChina'slargest,theworld'ssecondlargeste-commercecompany.ItsheadquartersislocatedinHangzhou,China,inChina,morethan30citieswithsalescenterandinHongKong,Switzerland,theUnitedStates,Japanandotherofficesorbranch.AlibabaB2BcompanyisAlibabaGroup'sflagshipcompany,isaleadingB2Be-commercecompanies,mainlyservetheSMEsinChinaandaroundtheworld.Alibabafinancialanalysis2.1profitabilityanalysisReturnonnetassets201320122011Returnonnetassets23.53%20.35%25.55%Returnonnetassets17.34%16.34%15.23%第2页HC18.23%17.12%16.23%Sheng16.12%16.01%15.12%Theindexrelatedtotheinvestorsonthecompany'spresentsituationandprospectsofjudgment.WeknowthatAli'snetassetsincomeratefront,soitsprofitabilitythanthesameindustrylarge-scaleenterpriseshascertainadvantages,thisisAlisucceededinattractinghugeamountsofforeigninvestmentarethekeyelements.AndHCnetprofitduetothenegativeoperatingconditions,makingtheindexremainsinnegative,whichwillaffectthetheenterprise'sfinancingscale,therebyaffectingthecompany'sfuturedevelopmentstrategy.Returnontotalassets201320122011Alibaba11.34%5.54%7.33%GlobalSources10.12%8.11%8.01%HC7.34%7.12%5.12%Sheng6.12%6.01%5.10%IsclearthatAli,globalresourcesandNetsunatthelevelofassetmanagementarebetterassetsusedproperly,strictcostcontrol,profitlevelwillbehigh.AndHCjustpayattentiontothispointcanthroughthestudyoftheDepartment,workefficiencyandqualityofalloperationalaspectstodistinguishtheresponsibledepartments,inordertomobilizeallaspectsofproductionandoperationandimprovetheenthusiasmoftheeconomicbenefits.2.2OperationalcapabilityanalysisBecausethereisnoAlibabainventoryandaccountsreceivable,sowecanonlythroughthetotalassetturnoverratio,currentassetturnoverRateoffixedassetsturnoverToanalyzeAli'soperatingcapacity.。2013-12-312012-12-312011-12-31Turnoverrateofcurrentassets79.55%58.57%68.2012%第3页Turnoverratiooftotalassets66.70%49.91%57.26%Fixedassetturnover413.2011%337.37%360.05%Fixedassetturnover201320122011Alibaba360.05%337.37%313.2011%GlobalSources220.12%220.12%231.12%HC220.13%213.12%189.12%Sheng178.12%128.12%110.34%Asseenfromtheabovedata,Alibabaandglobalsourcesfixedassetsturnoverrateishigherandshowthemtotheenterprisefixedassetsrelativelyproperinvestment,reasonabledistributionofstructure,operationabilitystrong.AndHCandNetsunmayexistthenumberoffixedassetstoomuchornotfulluseof,leadtoidleequipment.Aliontheuseofassetrateremainedstable,which2013useofassetgrowthrangeisbigger,but11yearsmayexistmoreidlefundGold,leadtoflowAssetturnoverrate,whichaffectsthetotalassetturnover.2.3SolvencyanalysisFromtheshort-termdebtratio,thethreeyearsofthecurrentratioandthebasicrateofspeedismaintainedatmorethan2,thecompanyLiquidityisgood,short-termsolvencyisstronger.Theabilityofshort-termdebtpayingisaveryimportantissueinfinancialanalysis.Cannotmeettherequirementsofthecreditors,mayInterimresults2013/062012/062011/06Flowrate(Times）1.992.382.71Flowratio(Times)1.992.382.72第4页causebankruptcyortheproductionandoperationofthemixedtheory。Fromthelong-termdebtratiocanbeseenAlibaba'sdebtburdenincreasedyearbyyear,long-termdebtcapacitydecreased,thedebtburden.Andfromtheratioofpropertyrightscanbeseensolvencybytheshareholderrightsandinterestsguaranteedegreedecreasesgradually.Corporation'slong-termdebtpayingabilityandenterpriseprofitability,capitalstructurehasaverycloserelationship.SoAlibabagroupshouldbepaidmoreattentionto,controlandchangethetrend,improvethelong-termsolvency.2.4发展能力分析2013-12-312012-12-31Netprofitgrowthrate45.11%-12.25%Operatingprofitgrowthrate43.20%-6.02%Revenuegrowthrate43.43%28.98%Assetgrowthrate34.35%19.54%Growthrateofshareholders'equity15.59%1.43%Ascanbeseenfromtheabovedata,turnoverisgrowingandtherateincrease,indicatingthatthesizeofthecompanycontinuestoexpand,increasesales.Andnetprofitgrowthrateandoperatingprofitgrowthratein2012isnegative,indicatingthatthepoorin2012thecompany'sprofitability,butin2013asisrisingandisasubstantialincrease.2013-12-312012-12-312011-12-31Assetliabilityratio54.72%47.37%37.97%Propertyratio120.83%90.01%61.21%第5页Beforethe2011to2013forthreeyearsonthewhole,rateofincreaseofstockholder'sequity,assetgrowthrate,revenuegrowthandprofitgrowthrateremainedsynchronizedgrowth,andbyanalysiscanbeseennottobelowerthantheindustryaveragelevel,socanjudgeTheenterprisehasagoodabilitytodevelop.2.5comprehensiveanalysisAlibabaafterseveralyearsofrapiddevelopment,in2011havestrongsolvency,assetutilizationefficiencyishigher,ontheprofitabilityiswithagoodmomentumofgrowth,isafullofpotentialgrowthinthelatterpartoftheenterprise.Lookingattheotherthreecompetitors,havetheirowndefec