Purpose - Owing to the constant changes in the capital market, the accounts in the financial statements have gradually become more complex with the development of the capital market. Hengrui Pharmaceutical was chosen as the case study object to explore the analysis method for enterprise financial statements, hoping to provide a reference for enterprises and investors when using financial statements for analysis. Design/Methodology/Approach - This study takes data from the 2019-2022 annual report of Hengrui Pharmaceutical as the research object and uses case analysis, the Harvard analysis framework, project quality analysis, as well as other methods. Findings - The analysis of Hengrui Pharmaceutical Company’s annual report reveals that the Harvard Analytical Framework and project quality analysis can enable data users to better understand the company’s current situation and prospects. Research Implications - Few studies have used project quality analysis to analyze corporate financial data in the existing literature. This study combines the Harvard Analytical Framework and project quality analysis methods to analyze financial data. Furthermore, it discusses the feasibility of combining the Harvard Analytical Framework with a project quality analysis method and its application to financial data analysis. The research results have significance as a reference for the financial analyses of other enterprises and investors.
Ⅰ. Introduction
Ⅱ. Theoretical Background
Ⅲ. Case Background
Ⅳ. Case study
Ⅴ. Conclusions and Limitations
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