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題名 企業評價與經營績效分析-集合成環保科技股份有限公司
Business Evaluation and Performance Review of Gi He Chen Environmental Technology Co., Ltd.
作者 許翡珊
Hsu, Cheri
貢獻者 劉助
Liu, James
許翡珊
Hsu, Cheri
關鍵詞 企業評價
經營績效分析
Business Evaluation
Performance Review
日期 2013
上傳時間 2-Jan-2014 14:01:54 (UTC+8)
摘要 This thesis combines the fundamental teachings of the IMBA program that are critical to the success of running a business: market research, accounting, corporate finance, and strategic management. The purpose of the study is to analyze Gi He Chen Environmental Technology Co. Ltd.’s performance in the past years and provide suggestions to its investors on the company’s health and growth potential. The research was done by interviewing with Gi He Chen’s Managing Director, Taiwan car recycling market research, literature reviews, comparing the company’s financial statements with a Taiwan IPO listed recycling company Super Dragon Technology Co. Ltd., and last but not least, Professor James Liu’s teaching of profit models.
1. Introduction 1
     1.1. Purpose of the Study 1
     1.2. Methodology 1
     1.3. Research Limit 1
     1.4. Car Recycling Overview 1
     1.5. The Government Subsidized Program 3
     2. Overview of Gi He Chen Environmental Technology Co., Ltd. 5
     2.1. History 5
     2.2. Gi He Chen’s Business and Products 5
     2.3. Gi He Chen’s Main Source of Income from Recycled Material 8
     2.4. Gi He Chen’s Benefit from Government Subsidized Program 10
     2.5. Gi He Chen in the Taiwan Market 12
     2.6. Ge He Chen’s SWOT Analysis 15
     2.7. Ge He Chen’s Internal Structure 16
     2.8. Meeting Minutes from Ge He Chen Annual Share-holder Meetings 17
     3. Overview of Super Dragon Technology Co., Ltd 24
     3.1. About Super Dragon (9955 on TSE) 24
     3.2. Super Dragon’s Business and Products 25
     4. Data Analysis and Results 28
     4.1. The 17 Numbers from Financial Reports 28
     4.2. Gross Profit Comparison (Value Creation) 30
     4.3. Gross Margin Profit Comparison 33
     4.4. Operating Profit Margin Comparison 34
     4.5. Net Profit Margin Comparison 34
     4.6. Internal Management Efficiency Comparison/Operation Efficiency 35
     4.7. ROE Comparison 36
     4.8. Competitiveness in the Market Comparison 36
     4.9. Shares Comparison 37
     4.10. EPS Comparison 37
     4.11. The 4 Formulas Generated from the 17 numbers 38
     4.12. △Q Comparison 39
     4.13. Operating Cash Flow Comparison 39
     4.14. Free Cash Flow Comparison 40
     4.15. Financial Activity Comparison 42
     4.16. Cash Flow Comparison 42
     4.17. Investment Ratio Comparison 43
     4.18. Return of Resources Comparison 44
     4.19. Economic Value of Company Comparison 45
     4.20. EV/Share Comparison 45
     4.21. Dividend Pay Out Comparison 46
     5. Summary and Suggestions 48
     5.1. Suggestions for Investors Interested in Gi He Chen 48
     5.2. Suggestion for Gi He Chen Management 48
     References 50
     Appendix: Financial Reports of Gi He Chen and Super Dragon 52
參考文獻 1. Institute of environment and resources: Title: Guanyin waste motor vehicles crushing classified the plant commissioned supervision working jobs plan.[Online] Available: http://www.ier.org.tw/modules/sections/index.php?op=viewarticle&artid=17
     2. The scholars monograph: Recycling of waste motor vehicles [Online] Available: http://recycle.epa.gov.tw/epa/rpaper/9806/epaper98050104.html
     3. L.A. Hart, CPA. 2006. Accounting Demystified, McGraw-Hill,
     4. S.C. Weaver and J.F. Weston. 2001. Finance and Accounting for Nonfinancial Managers, McGraw-Hill.
     5. R.A. Brealey and S.C. Myers and F.Allen. 2011. Principles of Corporate Finance Global Edition, Tenth Edition
     6. Super Dragon Technology Co. Ltd. Consolidated Financial Report. [Online] Available: http://www.sdti.com.tw/en/services-for-investors/financial-information/consolidated-financial-report.html
     7. Super Dragon Technology Co. Ltd. Business and Products. [Online] Available: http://www.sdti.com.tw
     8. Vehicle recycling [Online] Available: http://en.wikipedia.org/wiki/Vehicle_recycling
     9. Scrap and containers recycling statistics [Online] Available: http://recycle.epa.gov.tw/Recycle/result/QP09-T2206-86-101.xls
     10. Difference between Iron and Steel [Online] Available: http://www.differencebetween.net/object/difference-between-iron-and-steel/#ixzz2iygPhgIY
     11. Cheng Ho Hsing Heavy Industries Co., LTD. [Online] Available: http://www.chhm.com.tw/index.php
     13. Automotive shredder residue [Online] Available: http://en.wikipedia.org/wiki/Automotive_shredder_residue
     14. Excerpts translated from Money DJ. [Online] Available: http://www.moneydj.com/kmdj/report/ReportViewer.aspx?a=6abd7c6d-296e-47bf-b4d0-2f6767615732#ixzz2kK0pqe3i
     15. Investopedia explains `Gross Profit`. [Online] Available: http://www.investopedia.com/terms/g/grossprofit.asp
     16. How to Calculate Gross Profit, March/31/2013. [Online] Available: http://www.entrepreneur.com/article/226158
     17. Free Cash Flow: Free, But Not Always Easy, March 08 2010. [Online] Available: http://www.investopedia.com/articles/fundamental/03/091703.asp
描述 碩士
國立政治大學
國際經營管理英語碩士學位學程(IMBA)
95933010
102
資料來源 http://thesis.lib.nccu.edu.tw/record/#G0095933010
資料類型 thesis
dc.contributor.advisor 劉助zh_TW
dc.contributor.advisor Liu, Jamesen_US
dc.contributor.author (Authors) 許翡珊zh_TW
dc.contributor.author (Authors) Hsu, Cherien_US
dc.creator (作者) 許翡珊zh_TW
dc.creator (作者) Hsu, Cherien_US
dc.date (日期) 2013en_US
dc.date.accessioned 2-Jan-2014 14:01:54 (UTC+8)-
dc.date.available 2-Jan-2014 14:01:54 (UTC+8)-
dc.date.issued (上傳時間) 2-Jan-2014 14:01:54 (UTC+8)-
dc.identifier (Other Identifiers) G0095933010en_US
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/63207-
dc.description (描述) 碩士zh_TW
dc.description (描述) 國立政治大學zh_TW
dc.description (描述) 國際經營管理英語碩士學位學程(IMBA)zh_TW
dc.description (描述) 95933010zh_TW
dc.description (描述) 102zh_TW
dc.description.abstract (摘要) This thesis combines the fundamental teachings of the IMBA program that are critical to the success of running a business: market research, accounting, corporate finance, and strategic management. The purpose of the study is to analyze Gi He Chen Environmental Technology Co. Ltd.’s performance in the past years and provide suggestions to its investors on the company’s health and growth potential. The research was done by interviewing with Gi He Chen’s Managing Director, Taiwan car recycling market research, literature reviews, comparing the company’s financial statements with a Taiwan IPO listed recycling company Super Dragon Technology Co. Ltd., and last but not least, Professor James Liu’s teaching of profit models.en_US
dc.description.abstract (摘要) 1. Introduction 1
     1.1. Purpose of the Study 1
     1.2. Methodology 1
     1.3. Research Limit 1
     1.4. Car Recycling Overview 1
     1.5. The Government Subsidized Program 3
     2. Overview of Gi He Chen Environmental Technology Co., Ltd. 5
     2.1. History 5
     2.2. Gi He Chen’s Business and Products 5
     2.3. Gi He Chen’s Main Source of Income from Recycled Material 8
     2.4. Gi He Chen’s Benefit from Government Subsidized Program 10
     2.5. Gi He Chen in the Taiwan Market 12
     2.6. Ge He Chen’s SWOT Analysis 15
     2.7. Ge He Chen’s Internal Structure 16
     2.8. Meeting Minutes from Ge He Chen Annual Share-holder Meetings 17
     3. Overview of Super Dragon Technology Co., Ltd 24
     3.1. About Super Dragon (9955 on TSE) 24
     3.2. Super Dragon’s Business and Products 25
     4. Data Analysis and Results 28
     4.1. The 17 Numbers from Financial Reports 28
     4.2. Gross Profit Comparison (Value Creation) 30
     4.3. Gross Margin Profit Comparison 33
     4.4. Operating Profit Margin Comparison 34
     4.5. Net Profit Margin Comparison 34
     4.6. Internal Management Efficiency Comparison/Operation Efficiency 35
     4.7. ROE Comparison 36
     4.8. Competitiveness in the Market Comparison 36
     4.9. Shares Comparison 37
     4.10. EPS Comparison 37
     4.11. The 4 Formulas Generated from the 17 numbers 38
     4.12. △Q Comparison 39
     4.13. Operating Cash Flow Comparison 39
     4.14. Free Cash Flow Comparison 40
     4.15. Financial Activity Comparison 42
     4.16. Cash Flow Comparison 42
     4.17. Investment Ratio Comparison 43
     4.18. Return of Resources Comparison 44
     4.19. Economic Value of Company Comparison 45
     4.20. EV/Share Comparison 45
     4.21. Dividend Pay Out Comparison 46
     5. Summary and Suggestions 48
     5.1. Suggestions for Investors Interested in Gi He Chen 48
     5.2. Suggestion for Gi He Chen Management 48
     References 50
     Appendix: Financial Reports of Gi He Chen and Super Dragon 52
-
dc.description.tableofcontents 1. Introduction 1
     1.1. Purpose of the Study 1
     1.2. Methodology 1
     1.3. Research Limit 1
     1.4. Car Recycling Overview 1
     1.5. The Government Subsidized Program 3
     2. Overview of Gi He Chen Environmental Technology Co., Ltd. 5
     2.1. History 5
     2.2. Gi He Chen’s Business and Products 5
     2.3. Gi He Chen’s Main Source of Income from Recycled Material 8
     2.4. Gi He Chen’s Benefit from Government Subsidized Program 10
     2.5. Gi He Chen in the Taiwan Market 12
     2.6. Ge He Chen’s SWOT Analysis 15
     2.7. Ge He Chen’s Internal Structure 16
     2.8. Meeting Minutes from Ge He Chen Annual Share-holder Meetings 17
     3. Overview of Super Dragon Technology Co., Ltd 24
     3.1. About Super Dragon (9955 on TSE) 24
     3.2. Super Dragon’s Business and Products 25
     4. Data Analysis and Results 28
     4.1. The 17 Numbers from Financial Reports 28
     4.2. Gross Profit Comparison (Value Creation) 30
     4.3. Gross Margin Profit Comparison 33
     4.4. Operating Profit Margin Comparison 34
     4.5. Net Profit Margin Comparison 34
     4.6. Internal Management Efficiency Comparison/Operation Efficiency 35
     4.7. ROE Comparison 36
     4.8. Competitiveness in the Market Comparison 36
     4.9. Shares Comparison 37
     4.10. EPS Comparison 37
     4.11. The 4 Formulas Generated from the 17 numbers 38
     4.12. △Q Comparison 39
     4.13. Operating Cash Flow Comparison 39
     4.14. Free Cash Flow Comparison 40
     4.15. Financial Activity Comparison 42
     4.16. Cash Flow Comparison 42
     4.17. Investment Ratio Comparison 43
     4.18. Return of Resources Comparison 44
     4.19. Economic Value of Company Comparison 45
     4.20. EV/Share Comparison 45
     4.21. Dividend Pay Out Comparison 46
     5. Summary and Suggestions 48
     5.1. Suggestions for Investors Interested in Gi He Chen 48
     5.2. Suggestion for Gi He Chen Management 48
     References 50
     Appendix: Financial Reports of Gi He Chen and Super Dragon 52
zh_TW
dc.language.iso en_US-
dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0095933010en_US
dc.subject (關鍵詞) 企業評價zh_TW
dc.subject (關鍵詞) 經營績效分析zh_TW
dc.subject (關鍵詞) Business Evaluationen_US
dc.subject (關鍵詞) Performance Reviewen_US
dc.title (題名) 企業評價與經營績效分析-集合成環保科技股份有限公司zh_TW
dc.title (題名) Business Evaluation and Performance Review of Gi He Chen Environmental Technology Co., Ltd.en_US
dc.type (資料類型) thesisen
dc.relation.reference (參考文獻) 1. Institute of environment and resources: Title: Guanyin waste motor vehicles crushing classified the plant commissioned supervision working jobs plan.[Online] Available: http://www.ier.org.tw/modules/sections/index.php?op=viewarticle&artid=17
     2. The scholars monograph: Recycling of waste motor vehicles [Online] Available: http://recycle.epa.gov.tw/epa/rpaper/9806/epaper98050104.html
     3. L.A. Hart, CPA. 2006. Accounting Demystified, McGraw-Hill,
     4. S.C. Weaver and J.F. Weston. 2001. Finance and Accounting for Nonfinancial Managers, McGraw-Hill.
     5. R.A. Brealey and S.C. Myers and F.Allen. 2011. Principles of Corporate Finance Global Edition, Tenth Edition
     6. Super Dragon Technology Co. Ltd. Consolidated Financial Report. [Online] Available: http://www.sdti.com.tw/en/services-for-investors/financial-information/consolidated-financial-report.html
     7. Super Dragon Technology Co. Ltd. Business and Products. [Online] Available: http://www.sdti.com.tw
     8. Vehicle recycling [Online] Available: http://en.wikipedia.org/wiki/Vehicle_recycling
     9. Scrap and containers recycling statistics [Online] Available: http://recycle.epa.gov.tw/Recycle/result/QP09-T2206-86-101.xls
     10. Difference between Iron and Steel [Online] Available: http://www.differencebetween.net/object/difference-between-iron-and-steel/#ixzz2iygPhgIY
     11. Cheng Ho Hsing Heavy Industries Co., LTD. [Online] Available: http://www.chhm.com.tw/index.php
     13. Automotive shredder residue [Online] Available: http://en.wikipedia.org/wiki/Automotive_shredder_residue
     14. Excerpts translated from Money DJ. [Online] Available: http://www.moneydj.com/kmdj/report/ReportViewer.aspx?a=6abd7c6d-296e-47bf-b4d0-2f6767615732#ixzz2kK0pqe3i
     15. Investopedia explains `Gross Profit`. [Online] Available: http://www.investopedia.com/terms/g/grossprofit.asp
     16. How to Calculate Gross Profit, March/31/2013. [Online] Available: http://www.entrepreneur.com/article/226158
     17. Free Cash Flow: Free, But Not Always Easy, March 08 2010. [Online] Available: http://www.investopedia.com/articles/fundamental/03/091703.asp
zh_TW