Research On The Financial Performance Of The Integration Of Tangrenshen Industrial Chain

In recent years,the industry chain integration development strategy has been widely promoted in many areas where the concentration of industries in many industries is relatively low,especially in the feed industry.In order to explore the integration mode of industrial chain development,the industrialization operation level and financial performance of China's feed enterprises and other agricultural enterprises are enhanced.The role played by this article is to take the national agricultural industrialization leading enterprise Tangrenshen Group Co.,Ltd.as the research subject,through the analysis of the financial performance of the integration process of the Tangren god industrial chain,so as to further explore the development mode of the Tangren God's industrial chain integration.The challenges and opportunities that exist.This article analyzes and evaluates Tang Renshen's financial performance through horizontal and vertical comparison and analysis.From the vertical dimension,Tangren God has made great development in the past after implementing the industrial chain integration.Whether from the expansion of the output value scale or the reduction of the overall debt level,the positive impact of industrial chain integration is obvious.But at the same time,there are also large fluctuations in the company' s profit growth and net cash flow accumulation,and the role of industrial chain integration plays a role in helping the company to resist the rising cost of feed ingredients and the overall crisis in the downstream hog breeding industry,such as cyclical pork price fluctuations..Moreover,judging from the horizontal dimensions and EVA indicators,the company's performance in implementing the industrial chain integration strategy is not prominent in the industry,even lagging behind that of competitive enterprises in terms of profitability and value creation capabilities.Due to the lack of investment in R&D and innovation,the neglect of the integration of raw material procurement,and the high cost of integration,the company's industrial chain integration and development model still has some areas for improvement.For example,by increasing investment in R&D of high-end feed products,expanding talent introduction,strengthening previous links of various industries,and creating new models of hog breeding and meat processing to further optimize the industrial chain structure and enhance the overall corporate finances.Performance.