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How to read financial reports
Financial statements are actually one of the annual reports, and their importance is self-evident. We can basically see the development and operation of the company through the financial statements. A one-minute annual report is about 1 10000 words. Although there is only one financial statement, it takes up most of the space and needs to be read carefully. This is also the premise of operating a stock. Only by knowing the company can we make a general judgment on the future trend of the stock.

The reports in the function of F 10 in our software are generally very simple reports, which reflect few things, but there are still basic things and few scores. I will simply tell you what you need to see.

Look at the ring data first, so I won't talk about the details. Here, we should pay attention to two consecutive quarters, TTM. You can check it again, and I won't explain so much.

The second is the price-earnings ratio. Here we should mainly understand the subtle relationship between stock price and price-earnings ratio. Of course, earnings per share is also one of the must-see contents.

The third is the return on net assets, which reflects the company's profitability and management level. Generally speaking, the upper limit is not capped, the higher the better, and the lower limit cannot be lower than the bank interest rate. Here, a DuPont analysis method is used to analyze the profitability and profitability of the company. I won't explain the details. You can check the information.

The fourth is the company's gross profit margin. Gross profit margin mainly depends on the growth rate, of course, we must understand it first.

The fifth is to look at the net assets per share and the price-to-book ratio. Here we mainly look at the difference.

The sixth is the net operating cash, which reflects the authenticity of the company's money making.

Seventh, look at non-recurring gains and losses. This data is only a slimming effect, not an accounting subject, but it can help us grasp the real profitability of the company.

There are also some things, such as tax rates. Generally, the corporate income tax is 25%, but it will be reduced to 15% after obtaining high-tech industries. A profit increase of 65,438+00% is certainly a big plus for the company. There are some other things to see. I just want to talk. I wonder if it will help the landlord.