Q1ToBoardofDirectorsFromFinancialAnalystSubjectCorporatePerformanceAnalysis2010-2012DateDATE\@"dMMMMyyyy"6September2024S1IntroductionFinancialanalysiscanprovideexactinformationoftheenterprise'sfinancialpositionandoperatingresultstotheinformationusers,andalsoprovideinformationaboutthefuture.Theinformationusersareincludingthebusinessmanagers,owners,creditors,governmentagencies,etc.Managerscandeterminethemanagementstateofacompany,carryoutvariousbusinessdecisionsthroughtheenterprisefinancialanalysis.Thesummaryfinancialstatementsarethecomprehensivereportofthecompany'sfinancialsituation,operatingperformanceanddevelopmenttrend.Wecangetathoroughunderstandingaboutthepastandthefutureoftheoperatingconditionsofthebusiness.Wecanalsogetdifferentinformationinaccordancewiththedifferentanalysis.Thenwecanusetheseinformationinavarietyofdecision-making,themanagementofthecompanytakeadvantageoftheresultsoftheseanalyzesforavarietyofoperatingdecisions.S2.1.TrendAnalysisThetrendanalysisconsistsofbothaverticalandhorizontalanalysisdesignedtoidentifyanysignificantchangesinthestructureofthecompany’sfinancialstructureandperformanceovertheperiodsunderreview.S2.2.ComprehensiveStatementofPosition–VerticalTrendAnalysisTheassetbalancesreflectastablestructureovertheperiod.Themajorassetstructureisdominatedbypropertyaswouldbeexpectedforapubcobusiness.Currentassetshavemarginallyincreasedupwardsto5%from2010to2012,thisismainlybecauseoftheincreasingoftheinventoryandthereceivables.Wecanseethattheinventoryandthereceivablesin2012arebothhigherthanthatof2010,especiallythereceivablestherateofthegrowthis50%.Theequitybalancesremainstableinthepastthreeyears,althoughthetotalequityin2012isincreasedthan2010,buttheliabilityisless,especiallythecurrentliabilities.Comparedwith2010,thereisadownloadof45.72%.S2.3.ComprehensiveStatementofPosition–HorizontalTrendAnalysisThehorizontaltrendanalysisrevealsastablenon-currentassetfigurebutwithamajorgrowthindeferredtaxassets.Itwillbenecessarytoconsultthenotesto