Evaluation On Financial Competitiveness Of The Listed Enterprises Of Marine Engineering Equipment Manufacturing Industry In China

The marine engineering equipment manufacturing industry is the basic industry for the exploitation and utilization of marine resources,the new economic growth point of the marine industry,and the leading industry of the future social and economic development.Its development level will not only affect the storage of oil and gas in our country,thus affecting the dependence of foreign oil and gas and economic stability of our country,and even affect maritime rights and interests,thus affecting the protection of national security,so the marine engineering equipment manufacturing industry is highly valued by our government.It has been regarded as theIV key object in the development of high-end manufacturing industry in the plan of "12th Five-Year","13th Five-Year" program outline,the "12th Five-Year" planning of the strategic emerging industry development and the "2025" in China.The enterprise financial competitiveness is a new concept put forward by Chinese scholar Guo Xiaoming in 2004.It is the constituent element of the enterprise competitiveness which can not be ignored.It is the basis and guarantee for the enterprise to gain competitive advantage and continue to grow.In real life,the case of bankruptcy caused by the weak financial competitiveness of enterprises has also been demonstrated in the opposite direction.Therefore,the enterprises must attach great importance to it,especially the marine engineering equipment manufacturing enterprises,whose products are generally invested in a large amount of money and manufactured products may become inventories that cannot be converted into capital,because of the buyers of the marine engineering equipment taking place or delaying the transfer due to the market’s lack of scenery.This makes a great burden on the financial turnover of the marine engineering equipment manufacturing enterprises,and even makes the enterprises face the financial crisis,thus seriously affects the sustainable development of the enterprises and hinders the development of the whole industry.So when we study marine engineering equipment manufacturingenterprises,we should choose financial competitiveness.By combing the related literature of financial competitiveness,this paper finds out the representative indexes of financial competitiveness,solvency,operating ability,development ability and profitability,and combing the characteristics of marine engineering equipment manufacturing,makes the capital strength and technological innovation ability of the enterprise be included in the evaluation system of financial competitiveness,and forms the evaluation system of financial competitiveness of marine engineering equipment manufacturing enterprises which contains 6 two level indicators and 18 three level indexes.Then Listed enterprises of marine engineering equipment manufacturing industry are selected as sample enterprises by checking the main business projects in the annual reports of the listed companies,comparing the existing documents classified as "marine engineering equipment manufacturing industry",and eliminating enterprises with incomplete data and hang st enterprises.Finally,entropy weight and TOPSIS method are applied to evaluate the financial competitiveness of the sample companies,and calculating the weights of each index and the individual scores and comprehensive scores of each listed company.The main conclusions of this paper are as follows:(1)The weight ranking of the evaluation index of the enterprise’sfinancial competitiveness.The financial competitiveness of the marine engineering equipment manufacturing enterprises can be reflected through the financial performance.The large weight criterion of the financial competitiveness of the marine engineering equipment manufacturing enterprises are the capital and the development ability,followed by the operation ability,profitability,technological innovation ability and debt paying ability.(2)Unbalanced development level of enterprise financial competitiveness.There are significant differences in 6 dimensions of 25 marine engineering equipment manufacturing enterprises,the gap of technological innovation ability is the least,and the development of capital strength is the most unbalanced.In terms of financial competitiveness,the development of enterprises is also uneven.The development level of Listed enterprises of marine engineering equipment manufacturing industry is generally low in the 6 standard level index,among which the debt paying ability is the highest and the technological innovation ability is relatively poor.There are 5 high quality enterprises and 8 good enterprises in terms of solvency,and there are no high quality enterprises and 4 good enterprises in operating capacity.Only one listed company belongs to high quality enterprises in the development ability and does not exist good enterprises;there are 2 good qualityenterprises and 5 good enterprises in profitability.There are only one good enterprise and high quality enterprise in technical innovation ability.The number is 0,and there are three quality businesses and 5 good companies in terms of capital strength.Listed enterprises of marine engineering equipment manufacturing industry have the highest degree of close proximity to the comprehensive ability of financial competitiveness,and the value is 0.5631.Therefore,there are no high quality enterprises and good enterprises in the listed enterprises,and the competitiveness of China’s marine engineering equipment manufacturing enterprises is on the low side.(3)Low development level of financial competitiveness of enterprises.The development level of Listed enterprises of marine engineering equipment manufacturing industry of marine engineering equipment manufacturing industry is generally low in 6 dimensions,the development level of debt service ability is the highest and the development of technological innovation ability is relatively poor.There are 5 high quality enterprises and 8 good enterprises in terms of solvency,and there are no high quality enterprises and 4 good enterprises in operating capacity.Only one listed company belongs to high quality enterprises in the development ability and does not exist good enterprises;there are 2 good quality enterprises and 5 good enterprises in profitability,and there are only onegood enterprise and 0 high quality enterprise in technical innovation ability,and there are three quality businesses and 5 good companies in terms of capital strength.Baodegufen’s financial competitiveness is the highest in Listed enterprises of marine engineering equipment manufacturing industry and the value is 0.5631.Therefore,there are no high quality enterprises and good enterprises in the listed enterprises,and the competitiveness of China’s marine engineering equipment manufacturing enterprises is generally low.