摘要:财务报表可以反映公司财务状况、经营成果、现金流量等财务信息，投资者可以通过对上市公司的财务报表进行分析，对企业的财务情况和经营效果做出全面的分析评价，为投资决策提供有价值的参考。同样，财务报表分析也对企业内部管理者、政府等相关人员具有极其重大的意义。综上所述，分析财务报表是很一门必须掌握的技术。

　　本文首先介绍了国内外学者对财务报表分析研究的情况，接下来对使用财务报表的相关方进行分类，又介绍了财务报表分析的方式，并在接下来的章节中运用这些分析方式对美盈森公司的财务报表进行细致的分析比较评价。本文根据美盈森公司在巨潮网上公布的2009~2012年年报及其他与财务报表分析有关的信息，对公司的主要财务指标及一些非财务指标进行分析评价，在短期偿债能力、长期偿债能力、营运能力、盈利能力等方面进行了多角度解读，并提出了美盈森的现状和未来发展的一些看法，为财务报表使用者提供了参考。本文的最后还很客观的承认了此次财务报表分析的局限，在此基础上也提出了相关的改进构想，并借此希望通过改进财务报表分析，使其能够更好的为使用者服务。

关键词：财务报表分析；偿债能力；营运能力；盈利能力；局限性

ABSTRACT:Financial statements reflect the company's financial position, results of operations, cash flows and financial information. Investors can analyze the financial statements of listed companiesin order to make a comprehensive analysis and evaluation on the company's financial situation and operating results for the investment decisions reference value. Similarly, financial statement analysis also has great significance within the enterprise managers, government and other related personnel. In summary, it’s necessary to master the analysis of financial statements 

　　This paper first introduces the domestic and foreign scholars’ researches on financial statement analysis, and then classifies the stakeholders of the financial statements, financial statement analysis, and use of these analyzes in the next chapter of the US-profit Sen's financial statements for the detailed analysis of comparative evaluation. According to US-profit company www.cninfo.com.cn on the 2009 Annual Report 2012 and other related information, analysis and evaluation of the company's key financial indicators, non-financial indicators and financial statement analysis, the author analyzed the short-term solvency, long-term subordinated debt, operating capabilities, profitability and other aspects of the multi-angle interpretation.Some of the views of the current status and future development of the MYS provides a reference for the users of financial statements. At the end of this article, the author admitted the limitations of financial statement analysis objectively. The author hopes that, the analysis can better service for information users by improving the auqlity of financial statements analysis.

Keywords: Financial statement analysis；solvency；operating capacity ；Profitability； Limitation