不同的盈余管理动机和经营水平的公司所体现出来的财务特征是不同的。本文根据盈余管理的动机、企业的经营业绩变化将微利上市公司分为:获得融资的微利公司、扭亏为盈的微利公司、业绩下降的微利公司、连续微利的微利公司,并根据其特征提出了财务分析路径。 Different earnings management motivations and management level of the company reflected by the financial characteristics are different. According to the motivation of earnings management, the change of the company’s business performance will divide the listed companies into the following types: low-profit companies that obtain financing, low-profit companies that turn losses into profits, low-profit companies whose performance declines, and low-profit companies that make continuous low- Financial analysis of the path.