Analysis Of Financial Performance Of Angang Steel Group Based On Supply Side Reform

"Thirteen Five Plan" that supply-side structural reforms are the main contents of "Thirteen Five Year Plan" is an important move to adapt and lead the new normal is to guide the strategic importance of China’s economic development.Reduction of surplus production capacity,reduction of market inventories,reduction of leverage of the company,reduction of manufacturing cost,and overcome the business operations of the drawbacks is the five major working surface of the supply-side reforms.The steel industry,which is a pillar industry of China’s economic development,will definitely be an important industry for supply-side reform.Then,in the future development,the development of the iron and steel industry has been closely related to the effectiveness of the reform.However,whether or not the supply-side reform can break away from sluggish and the dilemma of the iron and steel industry,what is the difference between the change in the financial performance of the steel industry in the case of reform in the three years of supply-side reform was compared with before it is implemented?What measures and strategies should a company take in the future development process?In response to the above two questions,this paper has conducted a detailed survey and analysis in collaboration with Angang Steel.The main agent theory,supply and demand equilibrium theory,based on the introduction of the stakeholder theory and value management theory,this paper introduced the research based on the research situation at home and abroad of the relevant background by using a case analysis.As the subject of case studies,China’s listed steel companies,Angang Steel has been selected.Next,we summarize the results achieved by the steel industry after implementation of the supply side reform.In addition,the core competitiveness and business strategy of Angang Steel,as well as the practices and reforms achieved in supply-side reform in the supply-side reform process,are also changing.Then,financial performance of the case companies,solvency,profitability,operational capacity,development capacity,and will be analyzed and analyzed in five aspects of economic value added(EVA).Finally,in this paper,stabilization of dengue leverage,increase investment in research and development,strengthening of accounts receivable management,and strengthening of inventory management,such as the analysis and description as a whole,of Angang Steel of financial performance that is based on the supply-side reform and suggest improvements.Reference in the process of supply side reform.