Financial Diagnosis And Countermeasures Of XZ Company

Bearings are the basic accessories for the manufacturing industry.China is a world leader in bearing manufacturing,accounting for 10% of the global bearing industry market and occupying an important position in the national economy.From the perspective of national policy orientation,in the "13th Five-Year Plan" outline of China,it is clearly pointed out that it is necessary to construct a new industrial system,Speed up the construction of the country with a strong manufacturing industry.The "Made in China 2025" issued by the State Council on April 8,Shows seven strategic new industries and ten key areas require a large number of supporting bearings,At the same time,address key technologies that affect the performance of core infrastructure components.these strategic measures have provided a large space for the development of the bearing industry structural in adjustment and transformation.At present,the low level expansion and low efficiency operation of China's bearing industry still exist,and there is a big gap between the technical content of products and foreign countries.The high-end market of bearings is still monopolized by foreign companies.Faced with policy orientation and an increasingly complex market environment,if we can't improve management level and efficiency,seize opportunities,and promote economic efficiency,The Company with low efficiency and weak competitiveness is Vulnerable to adverse effects,scientific and effective financial diagnosis and Improvement measures are particularly important for the development of enterprises.How to solve the financial aspects of the development of bearing enterprises from a financial perspective has important theoretical and practical significance.The thesis takes XZ company as the research object and uses the Harvard analysis framework for financial diagnosis research.Firstly,it analyze entire industry and the company's own environment from the perspective of company strategy,and clarifies the profit potential and core competitiveness of the company.Then,in the accounting analysis dimension,the key accounting policies and accounting estimates of the enterprise are identified,analyzed and evaluated.Secondly,using a larger space for financial analysis,the overall financial situation is explored.finally,the prospects are analyzed.As the core of financial diagnosis,financial analysis combines report analysis with strategic analysis.It is found that the main reasons for poor business management are: short-term solvency is weak,increased debt risk,high cost and low profit margin,Low efficiency of fixed assets.Make recommendations from four dimensions for the company's specific situation.In terms of strategy,we will adhere to the expansion strategy,Upgrade product structure Actively with market orientation;strengthen quality management;expand scientifically.In the accounting dimension,improve the accuracy of fixed asset measurement;promote the improvement of the quality of information disclosure.In terms of financial management,str engthen raw material cost management;strengthen management cost management;adjust debt structure,develop financing channels;improve the efficiency of fixed assets use and improve operational capabilities;in terms of prospects,Adapt to the development trend,innovative research and development model.