房地产上市公司的盈利能力分析毕业论文.doc

毕业论文 （20_ _届） 房地产上市公司的盈利能力分析 摘 要 近年来，在我国经济高速发展的带动下，房地产业也得到了飞速发展，成为我国国民经济的朝阳产业和支柱产业，在市场经济中极其活跃也备受关注。不管房地产公司承认与否，房地产是个暴利行业的观念已深入人心。那么房地产行业是否是像普遍消费者们认为的那样是一个暴力行业，他们的盈利能力到底怎么样，这就是本文研究的主要方向。本文将采用杜邦财务分析体系，从净资产收益率这个核心指标出发，收集36家在上证所上市的房地产公司的资料信息，然后进行整理分析，了解房地产上市公司的盈利能力，寻找近五年影响房地产上市公司盈利能力的影响因素。试图为提高房地产上市公司的盈利能力提出一些建议。 本文第一部分先对房地产和房地产行业的相关概念进行阐述，简单介绍我国房地产行业的发展史和上海证券交易所的概况。第二部分首先介绍了盈利能力的概念和常用的评价方法和评价指标，然后系统介绍了本文研究采用的杜邦财务分析体系。第三部分以2005年-2009年在上海证券交易所上市的36家房地产上市公司为研究样本，通过数据统计和图表分析，得出这五年房地产行业盈利能力良好的结论；并分析总结各因素对净资产收益率的影响程度。第四部分为提高房地产上市公司的盈利能力提出若干建议并阐述了本文研究过程中的局限性。 关键词：房地产上市公司；盈利能力；杜邦分析Abstract In recent years, driven by Chinas rapid economic development, the real estate industry has been the rapid development of Chinas national economyAnd becomes a sunrise industry and pillar industry. It is extreme active in the market economy and also causes for concern. Whether the real estate companies believe it or not, real estate, the concept of a lucrative industry has been firmly established. So whether the real estate industry is a violent industry as consumers generally considered and how their profitability in the end is , are the main directions of this research. This article will use the DuPont system of financial analysis, return on net assets from the core indicators of departure, on 36 real estate companies listed in Shanghai Stock Exchange of information and analyzing the data to understand the profitability of listed real estate companies, looking for the past five years effects of the profitability of listed real estate companies . Attempt to improve the profitability of listed real estate companies to make recommendations. The first part is told about the related concepts of the real estate and real estate industry, a brief history of the development of the real estate industry and an overview of the Shanghai Stock Exchange. The second part introduces the concept of profitability , common evaluation methods and evaluation indicators and the system used in this study to de