Financial Performance Analysis Of Coal Industry In The Context Of Supply-Side Reform

Since 2012,due to such factors as economic downturn,serious overcapacity and comprehensive environmental management,the coal industry in our country suffered a large area loss and all enterprises were in a downturn.In the "13th Five-Year Plan",it is pointed out in particular that supply-side reform is an important measure that will allow our country’s economic development to open up a new situation and is also an inevitable choice for adapting itself to the new normal in economic development.In November 2015,General Secretary Xi Jinping put forward a framework for supply-side structural reforms.Among them,the key content of the reform work is to require enterprises to go to production capacity,to inventory,to leverage,to reduce costs and make up for shortcomings under the precondition of moderately increasing aggregate demand.In terms of production,emphasis should be placed on strengthening the supply of quality products and enhancing the overall factor of enterprises Productivity allows the supply side to better adapt to the demand side in the new economic environment.In addition,the coal industry is listed as the key implementation sector of supply-side structural reforms.Therefore,it can be seen that in the near future,the development of China’s coal industry will be closely linked to the effectiveness of supply-side structural reforms.How has the financial performance of the coal industry changed before?Then how should enterprises make the appropriate adjustment to improve financial performance?Based on the above three issues,the article explores and analyzes the actual cases.The research adopts the normative and case study methods,and combines the theory and practice through the aid of data and charts.The article mainly expounds the background,purpose and significance,content and method of the topic selection.Firstly,it defines the related concepts of supply-side structural reform and reviews domestic and foreign related theories about supply-side reform and financial performance.Then,Then compare the financial performance of twelve listed coal companies listed in 2015 and 2016.Then analyze the typical case company-DTT five years from 2012 to 2016,the specific changes in financial performance;contact Based on the actual situation,this paper summarizes the implications of DT coal industry on supply-side reform and discusses the countermeasures that should be taken in the follow-up development of the coal industry in the "three-by-one-one-off" reform of supply-side reform to improve financial performance At last,the conclusion and the prospect have a positive effect on enhancing the competitiveness of enterprises in coal industry and promoting the development of national economy.