Research on the Financial Performance of CECEP Wind- power Corporation Based on Harvard Analytical Framework

Abstract

The paper has an analysis on the performance of the CECEP Wind-power Corporation from strategy, accounting, financial and prospects based on the Harvard Analytical Framework. The PEST analysis is adopted in the strategy. In accounting, there is an analysis of the important operating activities ratio of CECEP Wind-power Corporation; besides, the fairness of accounting information is verified according to the audit opinion in the past few years. As for the financial, there is an analysis of its debt-paying ability, operation capability, profitability and growth ability these four aspects. In view of the prospect, the future of the company is predicted through the analysis of the strategy and the industrial development tendency in the future. Through the study, it is found that, the profitability of the company is stronger while there is a growing space for its debt-paying ability and operation capability compared with the average level of the market. The wind power industry where the company engages still keeps a higher growth with a promising prospect. The company could improve its operation capability by improving its operation and management mode and management structure; reduce the operating risk through the seasoned new issue and convertible bond and upgrade the discourse power of the company in the industry through rapid and stable extension.