旅游业创业板与主板上市公司财务指标分析与对比  

Analysis and Contrast of Financial Indicators of Tourism Listed Companies on Second-Board Market and Main-Board Market

作　　者：陈金叶 余智涵 郑彬 CHEN Jin-ye;YU Zhi-han;ZHENG Bin(College of Economics and Management,Nanjing Forestry University,Nanjing 210037,China)

机构地区：[1]南京林业大学经济管理学院

出　　处：《中国林业经济》2020年第1期128-131,共4页China Forestry Economics

摘　　要：以宋城演艺和黄山旅游为例,计算旅游业创业板上市公司和主板上市公司2015-2018年的财务指标,包括盈利能力比率、流动性比率、营运资本比率、利息保障倍数、杠杆比率、估值比率和经营回报率7个方面,共22个指标。并在此基础上对7各方面的指标进行逐项对比分析,发现相对于旅游业主板上市公司,旅游业创业板上市公司债务融资依赖程度、流动性和经营回报率都处于较低的水平。提出了宋城演艺应该通过扩大债务融资力度、提高资金流动性和优化公司内部结构以吸引投资者并为进入主板市场打下基础。This paper took Songcheng Performance Development Corporation and Huangshan Tourism Development Corporation as examples, and calculated the financial indicators of them in 2015 to 2018, in order to study the main financial gap between the listed tourism companies on second-board market and main-board market. This paper provided 22 indicators, including profitability ratios, liquidity ratios, working capital ratios, interest coverage ratios, leverage ratios, valuation ratios and operating returns. It made a comparative analysis of these indicators, and found that the dependence on debt financing, liquidity and operating returns of the listed tourism companies on the main-board market were at a low level, compared with the listed tourism companies on the main-board market. Therefore, it suggested that Songcheng Performance Development Corporation should attract investors and lay a foundation for entering the motherboard market by expanding debt financing, improving liquidity of funds and optimizing the internal structure of the company.

关 键 词：旅游业 创业板 主板市场 财务分析 

分 类 号：F592.6[经济管理—旅游管理]