Research On Financial Competitiveness Evaluation Of Angang Steel Company Limited

With the increasingly fierce market competition,all walks of life are striving to obtain competitive advantages,the steel industry is no exception,the steel industry as an important basic industry of the national economy,China's "13th five-year plan" is promoting its transformation and upgrading,the goal is to become a world steel production and competitive power.At present,China can only be regarded as a big iron and steel country,not a strong iron and steel country.There is still a certain gap between China's iron and steel industry technology level and material consumption and energy consumption and the international advanced level.Therefore,it is particularly urgent to improve its overall competitiveness.The financial competitiveness occupies the leading position in the enterprise competitiveness,which should be paid more attention to by the whole steel industry.Based on "the cradle of China's iron and Steel industry" Angang Steel Company Limited(hereinafter referred to as the "Angang")as the research object,to evaluate the financial competitiveness through research and analysis of related literature and theories,to understand the concept of financial competitiveness,components and evaluation method,finally from the profit ability,debt paying ability,operation ability,development ability,financial ability of the basic resources,research and development combining with the characteristics of the Steel industry choose 16 specific operational indicators,factor analysis,it is proposed to determine the 30 iron and Steel enterprises as the sample size,financial competitiveness evaluation model is set up to to the empirical analysis of Angang Steel,At the same time,some Suggestions are put forward to improve the current production and operation of the company and improve the financial competitiveness of anshan iron and steel co.,LTD.The results show that the financial competitiveness of angang steel is not very strong.Among them,profitability,debt paying ability and growth ability are the main three factors that affect the weak financial competitiveness of angang iron and steel co.,LTD.After further analysis,it is concluded that angang iron and steel co.,ltd.has inadequate control of operating costs,high sales and management costs,low capital quality,insufficient product input and innovation ability,and weak profitability abroad.Secondly,according to the financial ability and financial resources can be qualitative analysis of angang steel stock financial strategy,the company should pay attention to the financial strategy of financial competitiveness.However,anshan iron and steel co.,ltd.has the advantages of financial basic resources,a large enterprise scale and a relatively perfect financial management system,which is worth learning from other steel enterprises.Therefore,angang steel shares need to increase cost control efforts;Reduce transportation cost and improve management level;Strengthen capital guarantee and reduce the risk of capital loss;Adjust and innovate product variety,promote growth ability;Increase overseas investment and grasp government policies;Establish the awareness of financial competitiveness and accurately formulate the financial development strategy.