Research On Financial Performance Of Electronic Equipment Manufacturing Industry And Influencing Factors Of The Performance

"Internet Plus" was presented as a national strategy in 2015,which represents a new kind of informational social economic form.Electronic equipment manufacturing industry as the basis of information technology,has become one of the basic,pilot,strategic and pillar industries of the national economy.Since the 90 s of last century,driven by the market and the government,China's electronic equipment manufacturing industry to achieve a leapfrog development,and industrial scale has been expanding.However,due to the late development of China's electronic equipment manufacturing industry,compared with similar foreign enterprises,China's electronic equipment manufacturing industry there are still some gaps and face greater pressure in the international market competition.Therefore,the scientific and reasonable method is selected to evaluate the financial performance of the listed companies in the electronic equipment manufacturing industry.Based on the analysis of the performance evaluation results,the relevant factors are further explored to explore its impact on financial performance.It is of great significance to understand the financial status of China's electronic equipment manufacturing industry and to find an effective way to improve financial performance.Based on the domestic and foreign scholars' research results,this thesis takes the index data of A-share listed companies in China's electronic equipment manufacturing industry from 2012 to 2015 as the research object,and constructing the comprehensive score model to evaluate the financial performance of the electronic equipment manufacturing industry on the factor analysis from solvency,profitability,management ability and development ability to understand the current situation of the financial performance of the electronic equipment manufacturing industry in China.And based on analysis of financial performance evaluation results,combined with the characteristics of manufacturing equipment and high-tech industry as the integration of electronic equipment manufacturing industry,this thesis further select two factors of supply chain integration and R & D investment,and construct the regression model to test the impact on the financial performance of electronic equipment manufacturing industry to explore ways to improve the financialperformance of the electronic equipment manufacturing industry.The results show that:(1)China's electronic equipment manufacturing industry in the performance of the four capabilities including solvency,profitability,management ability and development ability are not ideal,the overall level of financial performance to be further improved.And from the horizontal point of view,different electronic equipment manufacturing enterprises of the financial performance level is quite different,from a vertical point of view,most of the electronic equipment manufacturing enterprises own financial performance level in different years there is a big change.(2)Supply chain integration helps to improve the financial performance of electronic equipment manufacturing industry,and in the two dimensions of supply chain integration,supplier integration than customer integration on financial performance is more significant.(3)R&D investment has not shown a significant impact on the financial performance of the electronic equipment manufacturing industry.The reason may be that the R&D investment is insufficient,the core technology research and development level is low,the R&D occupies the daily management fund,the R&D has the risk,the lag and the accumulation and so on.