Differences And Causes Of Financial Performance Between China Shenhua Energy Company Limited And China National Coal Group Corporation

Coal is an important energy and main industrial raw material in our country,and the coal market in China has fluctuated greatly due to the economic downturn and other factors.Aiming at this phenomenon,this paper using the analytic hierarchy process(AHP)and the fuzzy comprehensive evaluation method to studies the differences and causes of financial performance between the China Shenhua and China coal energy,which is the same as the central enterprise.Based on the analysis results,some Suggestions are put forward to improve the financial performance of listed companies in coal industry.It has theoretical and practical significance to improve the operation capacity of China's coal industry and enhance its comprehensive strength and international competitiveness.The main achievements and conclusions are as follows:(1)Firstly,based on the relevant literature and literature,combined with the current status of the coal industry,this paper establishes a financi.al performance evaluation system for listed compani.es in the coal industry from the perspectives of capital use,management capabilities,shareholder equity,and asset utilization.Secondly,using the analytic hierarchy process(AHP)to determine the index weights.When using the fuzzy comprehensive evaluation method for analysis,I used the expert scoring method to assign ten indicators separately.Then establish a model to comprehensively analyze the financial performance of the target company,and obtain the strengths and weaknesses that affect the company's financial performance.Finally,the factors that influence the financial performance of the company are obtained.(2)By through the use of the evaluation system constructed,the financial performance of China Shenhua and China Coal Energy was evaluated from the comparison of individual indicators and the evaluation of the overall index system.It was found that whether it is from a single indicator or from the overall performance level China Shenhua's data were better than China Coal Energy.(3)Using empirical research methods to analyze and evaluate the causes of the differences in the financial performance of selected case companies,and discuss the causes of the differences in the financial performance of listed companies in the coal industry in China,so as to obtain a representative cause of the differences in the financial performance of listed companies in the coal industry.The study found that the differences in the financial performance of the case companies were mainly affected by the factors such as the endowment of coal resources,the level of automation of the machine and its advanced level,the diversified development of the company,and the talent training strategy.This paper analyzes the listed companies in the coal industry based on the analysis of the causes of differences in the financial performance of the case companies,and puts forward corresponding policy recommendations on how to improve the financial performance of listed companies in the coal industry.