Research On The Countermeasures To Reduce Cost In The Supply Side Reform Of HBIS COMPANY LIMITED

The supply-side structural reform is a major measure taken by the country in light of the problems found in the market supply in China at the present stage.Many enterprises,including iron and steel enterprises,have become the new force of this reform.Due to the large backlog of low-end products in the steel industry and the widespread problems in industries with small production of high-end products,Because of the backlog of products and other problems,iron and steel enterprises have added many unnecessary costs.At the same time,as China's economy enters the new normal,economic growth is slowing down.The iron and steel industry,as the pillar industry of our national economy,plays an important role in the process of industrialization,which has brought about the economic development of our country.Therefore,under the background of supply-side reform,iron and steel enterprises can solve the problems of reducing costs and eliminating production capacity,which can not only make enterprises upgrade in the new stage of national development,but also play a role in the economic and social development of our country.In 2017,In the year of supply-side reform in the iron and steel industry,the state has successively introduced various measures to reduce costs,eliminate backward production capacity,further ban strip steel and release high-quality production capacity,and continue to promote supply-side structural reform.This will play an important role in the healthy development of China's iron and steel industry.However,we should also see that although these measures have improved the profitability of iron and steel enterprises,they have been further reduced.Pressure on industry costs remains high.HBIS COMPANY LIMITED,as one of the largest state-owned iron and steel enterprises in Hebei Province and even the whole country,was formally established in June 2008 in Shijiazhuang to realize unified management through the merger of Handan Iron and Steel and Tangshan Iron and Steel Co.,Ltd.Under the background of supply-side structural reform,taking HBIS COMPANY LIMITED as an example and based on previous studies,this paper is guided by the work Plan on reducing the cost of Enterprises in the Real economy issued by the State Council.The task of "reducing cost" in the context of supply-side reform of HBISCOMPANY LIMITED is analyzed emphatically.Taking the cost situation of HBIS COMPANY LIMITED in the three years 2014-2016 as a case study,the first part is from tax.The cost burden,financing cost,institutional transaction cost,labor cost,energy cost and logistics cost are analyzed.Secondly,through the cost analysis of HBIS COMPANY LIMITED,Find out the reasons for the high cost of HBIS COMPANY LIMITED.Then put forward targeted cost-reduction measures to help HBIS COMPANY LIMITED reduce costs better.The study found that although he Steel has made some changes through supply-side reform,Cost reduction effect appears initially,but there is still room for cost reduction.River Steel should further reduce its cost by increasing scientific research,innovation and increasing the proportion of high-end products.Finally,it is hoped that it will be able to supply more for the majority of iron and steel enterprises.Under the background of lateral structural reform,can better reduce costs to provide reference.The innovation of this paper is as follows: when the cost reduction of HBIS COMPANY LIMITED is analyzed under the background of supply-side reform,it is guided by the "work Plan on reducing the cost of Real economy Enterprises" issued by the State Council.From the six major costs of HBIS COMPANY LIMITED,such as the burden of taxes and fees,the analysis makes the analysis more comprehensive and meticulous.Taking HBIS COMPANY LIMITED as an example,this paper analyzes how many similar iron and steel enterprises can do better in the tide of supply-side reform.In addition,in response to the supply-side reform advocated by the state,this paper provides practical countermeasures for other iron and steel enterprises to reduce their costs.