财务管理课程设计-中国人寿-12财管六班-贺含诗

财务管理课程设计报告

班 级： 2012级财务管理六班

小组成员： 王依雯：2012101180 黄 佳：2012101197 周 桃：2012101200 龙海艳：2012101201 贺含诗：2012101202 周嘉豪：2012101204 尚秋红：2012101223 指导教师： 徐 灏

目 录

第一部分 财务分析 ············································································ 4

一、公司概述 ······················································································································· 4 （一）公司沿革 ············································································· 错误！未定义书签。 （二）公司资料 ············································································· 错误！未定义书签。 （三）经营范围 ············································································· 错误！未定义书签。 （四）行业概述 ············································································· 错误！未定义书签。 二、财务报表项目分析 ····································································· 错误！未定义书签。 （一）资产负债表项目分析 ························································· 错误！未定义书签。 （二）利润表项目分析 ································································· 错误！未定义书签。 （三）净现金流量分析 ································································· 错误！未定义书签。 三、主要财务指标分析 ······································································································· 8 （一）偿债能力指标分析 ······························································································· 8 （二）运营能力指标分析 ····························································································· 10 （三）获利能力指标分析 ····························································································· 11 四、分析结论 ······················································································· 错误！未定义书签。

第二部分 投资决策分析 ····································································· 14

一、项目资料 ····················································································· 错误！未定义书签。 二、项目分析 ····················································································· 错误！未定义书签。 （一）资金筹措 ············································································· 错误！未定义书签。 （二）固定资产折旧 ····································································· 错误！未定义书签。 （三）无形资产摊销 ····································································································· 15 （四）销售收入和销售税金估算 ················································································· 16

（五）经营期总成本费用估算 -------------------------------------------------------------------16

第三部分 筹资决策分析 ····································································· 16

一、原资本结构和筹资后资本结构情况 ········································································· 17 二、不同结构下的每股收益和筹资方案的选择 ····························································· 17

第四部分 股利分配政策分析 ······························································· 16

一、中国人寿股利政策及支付方式 ················································································· 18 二、2011-2013年的股利分配方案的基本分析 ······························· 错误！未定义书签。

三、股利政策对公司财务状况和股东的影响 ································· 错误！未定义书签。

（一）股利形式 ············································································· 错误！未定义书签。 （二）股利政策对公司财务状况的影响 ····································· 错误！未定义书签。 （三）股利政策对股东的影响 ····················································· 错误！未定义书签。

第一部分 财务分析

中国人寿作为中国最大的保险资产管理者和中国最大的机构投资者之一，我们以中国人寿2011年、2012年与2013年的会计报告所披露的财务信息为依据，分别进行了财务报表分析、财务比率分析，最后针对公司管理过程中存在的问题，提出了相关建议。

一、公司概述

（一） 公司沿革

中国人寿保险股份有限公司（本公司）是根据《中华人民共和国公司法》，于2003年6月30日在北京注册成立，并于2003年12月17日及18日分别在美国纽约和香港两地上市的人寿保险公司，在中国保险市场居领先地位。

截至2005年6月30日，公司已拥有超过6554万份有效的个人和团体人寿保险单、年金合同及长期健康险保单，1.5亿份个人和团体意外险及短期健康险保单，拥有和管理的有效长期寿险保单超过1.2亿份。

作为中国最大的人寿保险公司，中国人寿不但是领先的个人人寿保险与年金产品供应商、领先的团体人寿保险和年金产品供应商、领先的意外险供应商、领先的健康险供应商，更通过控股的中国人寿资产管理有限公司成为了中国最大的保险资产管理者及中国最大的机构投资者之一。

（二）公司资料

公司名称：中国人寿保险股份有限公司

英文名称：China Life Insurance Company Limited 法人代表：杨明生

独立董事：孙昌基 莫博士 梁定邦 唐建邦 联系地址：北京市西城区金融大街16号 注册地址：北京市西城区金融大街16号 邮政编码：100033 行业类别：金融业 股票简称：中国人寿 股票代码：601628

股票上市交易所：上海证券交易所

（三）公司经营范围

人寿保险、健康保险、意外伤害保险等各类人身保险业务；人身保险的再保险业务；国家法律、法规允许或国务院批准的资金运用业务；各类人身保险服务、咨询和代理业务；国家保险监督管理部门批准的其他业务。

（四） 行业概述