摘要：研究公司的财务报告，对财务报表进行分析，找出其中的问题，可以分析出公司未来的发展趋势，以及预测公司未来的生命力，可以帮助管理者改善运营状况，可以帮助投资者更好的了解公司的财务状况，做出合理的投资决策。本文对中国船舶工业股份有限公司2012-2016年公司的偿债能力、营运能力、盈利能力、发展能力进行分析，在此基础上结合2017年前三个季度的数据，观察公司的问题是否得到改善；并且运用杜邦分析法对公司进行纵向的2012-2016年份比较及横向的同行业比较，发现公司财务报告中存在的问题；同时，运用SWOT分析法指出公司在市场竞争中发展的优劣势，发现公司财务方面的问题，并且给予相关建议，为公司提供参考。

关键词：中国船舶；财务分析；SWOT分析

China CSSC Holdings Limited（600150）2016 Financial Report Analysis.

Abstract：To understand a company's future development trend, and forecast its developing power in future life, it is significant to analysis and to keep learn from the financial report and related financial statements of this company, and then find out problems from them. These kinds of activities above not only can help managers to improve operation circumstance, but also can help investors receive much finance-related information and have a better understanding of company's financial situation for reasonable decision making of investment.  This paper analyses the solvency, operating ability, profitability, and development ability of China CSSC Holdings Limited from 2012 to 2016. On this basis, this paper combines the data of the first three quarters of 2017 to observe whether the company's problems have been improved. In addition, DuPont analysis was used to compare the company's vertical and horizontal industry comparisons between 2012 and 2016, and found the problems in the financial report of the company. At the same time, SWOT analysis is used to point out the advantages and disadvantages of the company's development in the market competition, and to discover the financial problems remained in this company, and give relevant suggestions for 

reference.

Key Words：China CSSC Holdings Limited；Financial analysis；SWOT analysis

目录

一、绪论 1

（一）中国船舶工业股份有限公司介绍 1

（二）行业情况分析 1

二、公司财务分析 2

（一）偿债能力分析 2

1. 短期偿债能力 2

2. 长期偿债能力 3

（二）营运能力分析 4

（三）盈利能力分析 6

（四）发展能力分析 7

（五）杜邦分析 8

1. 营业净利率分析 9

2. 总资产周转率分析 9

3. 权益乘数分析 9

（六） 行业平均比对 10

三、SWOT分析 12

（一）优势 12

（二）劣势 12

（三）机遇