YuYue Medical Light Asset Business Model Financial Performance Research

The world economy is developing rapidly and globalization is deepening.At present,the division of labor and cooperation between industries has already surpassed the restrictions of a certain region and a certain country in the past,and the division of labor and cooperation in the global industrial chain has become more frequent.Through the division of labor,companies can focus more on value-added links with high added value to achieve high return on investment.In addition,the rapid development of information technology has enabled enterprises to allocate resources at a lower cost.Therefore,many companies in China have chosen to adopt light asset business models,such as Vanke,Tencent,and Gree.However,the light asset business model is not a panacea.Regardless of the characteristics of the company itself,blindly adopting a light asset business model may cause enterprises to suffer losses or even bankruptcy.Therefore,although many enterprises adopt the light assets business model,the implementation effect is not ideal.Yuyue Medical has adopted the light asset business model for many years,focusing on its core business,attaching importance to brand efficiency and independent research and development capabilities,and has continuously expanded its scale through mergers and acquisitions.It has become a leading enterprise in China's medical device industry,but still in the operation of its light asset business model.There are some problems.Based on this,this paper selects Yuyue Medical as a case enterprise.This article elaborates and analyses the theory of light assets business model,taking Yuyue Medical as an example,Systematic analysis and summary of the financial characteristics of the light assets business model of Yuyue Medical Center.On this basis,combined with the general elements of business model,the financial performance of Yuyue Medical Light Assets Business Model is comprehensively analyzed through financial indicators and economic added value.It is found that the financial performance of Yuyue Medical Company is good as a whole,but there are also some problems,such as low gross profit on sales,declining return on net assets and low turnover rate of accounts receivable,and based on the problems,the corresponding countermeasures are put forward.Finally,the conclusion of the study provides a certain reference value for other enterprises applying light assets business model in medical device industry.