我国典型黄金矿业上市公司财务报表比较分析  

Comparative analysis of financial statements of typical Chinese listed gold mining companies

作　　者：杨毅涵 YANG Yihan(BGRIMM Technology Group,Beijing 102628,China)

机构地区：[1]矿冶科技集团有限公司,北京102628

出　　处：《中国矿业》2020年第S01期74-80,共7页China Mining Magazine

摘　　要：避险属性决定了黄金价格走势与全球经济基本面息息相关,进而影响黄金矿业公司财务数据。为及时掌握黄金价格震荡下跌背景下我国黄金矿业行业发展情况,本文以我国黄金矿业行业的3家上市公司为例,对其2012~2018年财务年报进行了统计计算,对比研究了3家黄金公司的偿债能力、盈利能力和营运能力,进而结合杜邦模型,综合分析了3家黄金上市公司的财务和经营状况。结果表明:紫金矿业盈利能力较强,而山东黄金资产使用效率较好,中金黄金在盈利能力和资产使用效率方面相对还需全面提升,结合近年来黄金矿业公司生产运营中典型共性问题的总结分析,提出了相应的财务管理改进建议,可为同类矿业公司的财务分析和优化调整提供参考。The hedging attribute determines that gold price is closely related to global economic fundamentals,which further affects the financial data of gold mining companies.In order to timely grasp the development of gold mining industry in China under the background of fluctuating gold price,three listed gold mining companies have been taken as examples here.The financial annual reports of three companies from 2012 to 2018 are calculated statistically,and then the solvency,profitability and operating capacity were compared.The Dupont model is further combined to comprehensively analyze the financial and operating conditions of the three listed companies.The results show that Zijin has a stronger profitability,while SD-Gold has a better utilization efficiency of gold assets,and China Gold Group should have an overall improvement in profitability and asset utilizing efficiency.Then the typical common problems in the production and operation of gold mining companies in recent years are analyzed and summarized,and the corresponding suggestions for the improvement of financial management in gold mining companies are given.The results can provide good references for the financial analysis and optimization of similar mining companies.

关 键 词：黄金矿业 上市公司 财务年报 杜邦分析 财务分析 

分 类 号：F23[经济管理—会计学] F407.1[经济管理—国民经济]