PAGE\*MERGEFORMATII广东燕塘乳业股份有限公司财务报表分析摘要十九大提出“要实施健康中国战略，完善国民健康政策”，奶业和乳制品作为国民健康饮食中的重要一部分，国家与政府对于该行业的政策支持和关注越来越多。如今，乳制品行业的交流活动越来越多，各乳业企业积极参与其中，该活动是由政府主导、部委参与、行业自治协会协办，所以有着政府与业内自律的同时监管，乳制品行业将会迎来更好的发展前景。更有创新要素供给的改革，未来乳制品行业前景依旧可期。燕塘乳业作为华南乳业的领头牛，2018年，公司推动全产业链升级，因此成为华南唯一一家中国奶业20强企业，有着一定的知名度与市场。消费者的关注度越来越高。本文依据燕塘乳业2016年至2018年的财务报告，首先通过比较分析法对燕塘乳业2016-2018年的财务报表进行分析；其次通过比率分析法对燕塘乳业的财务效率进行分析；然后运用杜邦分析法综合分析燕塘乳业的财务状况和经营成果；最后对燕塘乳业的财务状况、经营成果和现金流量进行综合评价，并针对发现的问题提出解决措施和建议。关键词：燕塘乳业；财务报表；财务指标；杜邦分析AnalysisFinancialStatementsofGuangdongYantangDairyCo.,ltdAbstractThe19thNationalCongressoftheCommunistPartyofChinaproposed"toimplementthehealthyChinastrategyandimprovethenationalhealthpolicy".Asanimportantpartofthenationalhealthydiet,thedairyindustryanddairyproductsareboundtoreceivemoreandmorepolicysupportandattentionfromthegovernmentandthestate.Nowadays,therearemoreandmorecommunicationactivitiesinthedairyindustry,inwhichdairyenterprisesactivelyparticipate.Thisactivityisledbythegovernment,withtheparticipationofministries,andco-organizedbytheindustryautonomousassociation.Therefore,withthesupervisionofthegovernmentandtheindustryself-discipline,thedairyindustrywillusherinabetterdevelopmentprospect.Moreover,withthereformoftheinnovationfactorsupply,thefutureprospectsofdairyindustrycanstillbeexpected.AstheleadingcowofthedairyindustryinsouthChina,YantangDairyCo.,ltdpromotedtheupgradingofthewholeindustrialchainin2018.Therefore,ithasbecometheonlyoneofChina'stop20dairyenterprisesinsouthChina,withcertainpopularityandmarket.Consumersarepayingmoreandmoreattention.BasedonthefinancialreportsofYantangDairyCo.,ltdfrom2016to2018,thispaperfirstlyanalyzesthefinancialstatementsofYantangDairyCo.,ltdfrom2016to2018throughcomparativeanalysis.Secondly,thefinancialefficiencyofYantangDairyCo.,ltdwasanalyzedbyratioanalysismethod.Then,DupontanalysismethodwasusedtocomprehensivelyanalyzethefinancialstatusandoperatingresultsofYantangDairyCo.,ltd.Finally,thefinancialstatus,operatingresultsandcashflowofyantang