Research On The Impact Of Yitai Group's Diversified Operations On Financial Performance

Coal is the basic energy in China,is the basis of electric power,chemical industry and other industries,has a decisive influence in the economic development.As energy "much starker choices-and graver consequences-in planning put forward the requirements of capacity,inventories,put pressure on environmental protection and ecological management policy,as well as the coal industry marketization degree enhances unceasingly,binding further strengthening of coal resources,coal enterprises to reduce operating risk,mostly choose the diversification strategy,the common process of environmental protection,green long-term development road.At present,many coal enterprises in China are involved in many industries,with a wide range of business,including power generation,thermal power,coal chemical industry and other coal-based diversification,as well as real estate,agriculture,animal husbandry,education and other non-coal diversification.At present,the study of coal enterprise diversification are mainly long-term development as the starting point of coal resources,research and development strategy,the pros and cons of business model,and the timing of the development direction,but the combination of macro economic development and industry background,from the coal enterprise diversification agent,as well as influencing the diversification of the study of enterprise performance is relatively small,there are many drivers in corporate diversification affects enterprise development together.Therefore,this paper should focus on the impact of diversified management on financial performance of coal enterprises and analyze the specific reasons that affect the improvement of enterprise performance based on the macro environment background.The study of coal enterprise diversification management and financial performance in the industry as a whole as the research object,in the enterprise to carry out the diversification,mostly to be successful with diversified business transformation influence enterprise value promotion,through choosing representative enterprises to carry out the diversified research,to a more thorough analysis and research directly,can better play a role of guidance in actual operation,can gain consultantship for coal industry development.This paper,by sorting out the definition of diversification,diversification type and diversification management motivation theory as the starting point of the research,summarizes the impact of three kinds of diversification on financial performance,and serves as the theoretical foundation for the test of this paper.This article chose the ordos city of Inner Mongolia's largest private energy companies-Inner Mongolia yitai group co.,LTD.(hereinafter referred to as "yitai group")are studied,on the basis of combining the from all walks of life,the coal industry development course,yitai group diversification development and motivation is analyzed,by selecting 25 listed financial data samples,using EXCEL finishing operations on data,it is concluded that industry average,according to industry average analysis and evaluation yitai group financial performance,it is concluded that the impact on financial performance is to promote diversified economy,and analyzes the diversification of the specific effects of financial performance,The research shows that yitai group has formed a joint force to affect its financial performance through the four aspects of scope economy,market power,rational allocation of resources and investment portfolio to resist business risks,and thus achieved the goal of improving its financial performance.It is expected that the results obtained in this paper can provide guidance for diversified coal enterprises and benefit the development of the coal industrycoal.