Study On Financial Situation Of Shenyang Chemical Co.,Ltd. Based On EVA

Oil resources are strategic resources related to national economy and national security.The fluctuation of oil price will affect many areas of national construction.In recent years,China’s crude oil imports have been increasing,and the contradiction between supply and demand of resources has gradually become one of the important factors affecting China’s economy.With the continuous improvement of environmental protection standards,the industry has paid more attention to sustainable development.There is a contradiction of structural surplus in China’s petrochemical products,and the growth of consumption level has slowed down.Especially in 2020,under the influence of the new crown epidemic,all crude oil futures in the United States fell into negative value for the first time,and the international crude oil market suffered unprecedented impact.As a listed company in China’s petrochemical industry,how Shenyang chemical industry can survive and develop in the current severe test needs our serious consideration.In order to reflect the value creating ability of Shenyang chemical enterprises more truly,it is necessary to introduce EVA and analyze the enterprises with traditional financial indicators.There are five parts in this paper.The first part discusses the purpose and function of the research,and collects the theoretical literature about financial index analysis and EVA performance analysis at home and abroad,in order to prepare for further research.The second part introduces the concepts and methods used in the research,which lays a theoretical foundation for the process of the later analysis.The third part selects Shenyang Chemical Industry Co.,Ltd.as the financial analysis object,introduces the basic situation of the enterprise and uses the traditional financial indicators to evaluate the overall solvency,operation ability,profitability,development ability and cash flow of the enterprise in the past five years.The fourth part combs the necessity and feasibility of adding EVA to enterprise performance evaluation,calculates and uses EVA value related indicators,evaluates the real value creation ability of enterprises,compares the related indicators of several domestic well operated petrochemical enterprises vertically,and finds out the problems in Shenyang chemical industry operation in creating actual value for enterprises.In the fifth part,aiming at the problems mentioned above,some feasible suggestions are put forward,such as optimizing capital structure,increasing R & D investment,reducing capital cost and improving asset liquidity,so that enterprises can create more value in future operation,enhance competitiveness and get longer-term development.Finally,the paper makes an overall evaluation of the financial situation of Shenyang Chemical Industry and gets the final conclusion.Through the research of this paper,it is expected to provide useful reference for the financial analysis of Shenyang chemical industry,improve the financial management level of the company,provide practical significance for the investment decision-making of enterprise managers and external investors,and promote the application of EVA in the financial analysis of petrochemical enterprises.