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Evaluation On Financial Competitiveness Of Inner Mongolia Huolinhe Opencast Coal Industry Co., Ltd

Posted on:2017-01-10Degree:MasterType:Thesis
Country:ChinaCandidate:J W ZhaoFull Text:PDF
GTID:2209330485461281Subject:Accounting
Abstract/Summary:PDF Full Text Request
With Chinese economic expansion having moderated to a "new normal" pace in 2014, the connotation of economic development has undergone profound changes that economic develops from high-speed to medium high-speed, energy revolution puts forward new requirements, and there are both opportunities and challenges to China’s coal industry development. On the one hand, with China’s industrialization, informatization, urbanization, agricultural modernization continued to promoting, the energy demand will continue to grow, the dominant position of Chinese coal as energy does not change, and the basic position of the coal industry in the national economy will be long-term, solid, and irreplaceable. On the other hand, after 2012, The coal industry has ended the process of his "golden years". Due to the decline in international coal prices, the country’s macroeconomic slowdown, restructuring of the energy and environmental pressures increase, the domestic coal production excess, lack of demand situation aggravated, so that the Contradictions coal oversupply prominent, thus increasing the inventory, coal prices continue to decline, decreased efficiency, increasing pressure on the coal business, the entire coal industry is running situation is grim. After several years of baptism, coal industry competition is more intense, or will usher in a watershed in the development of the industry. Some companies will be disadvantaged out competition in the industry; meanwhile competitive enterprises will gain greater advantage. How to enhance the competitiveness of enterprises determines the future development of the company in such a tough situation, at the same time, it is also a hot research topic in recent years.Related studies on the competitiveness of enterprises has been quite mature, but the Financial Perspective study the competitiveness of enterprises is the new direction of research in the field of modern financial management, he was drawing on the basis of the competitiveness of enterprises and enterprise core competence theory, starting from a financial perspective, to innovate more deeply on the theory of enterprise competitiveness.In this paper, taking Huolinhe Opencut Coal Industry Corporation Limited of Inner Mongolia for example, relying on the financial statements data of 30 domestic A-share listed coal enterprises in 2014, implicating of factor analysis and quantitative analysis by means of spss software create a valuation system of listed coal enterprises for financial competitiveness. Domestic listed coal enterprises competitiveness analysis, focusing on the level of financial competitiveness ranking of Huolinhe Opencut Coal Industry Corporation Limited of Inner Mongolia, then to help the company develop a clear understanding of their own strengths and shortcomings. For the development problems of enterprise proposes targeted suggestions, encourage enterprises to continuously optimize the industrial structure, and efficient integration of the financial resources, enhance profitability, help enterprises achieve sustainable competitive advantage for the health of the enterprise development of great significance.
Keywords/Search Tags:financial competitiveness, listed coal companies, open-air coal, factor analysis
PDF Full Text Request
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