Study On The Improvement Of Financial Competitiveness Of Lanzhou Foci Pharmaceutical Limited Company

In recent years,in the context of the revitalization of the development of traditional Chinese medicine by the Party Central Committee and the State Council,the industry of traditional Chinese medicine has ushered in a period of great change and development,and the reform of the medical and health system has been further deepened.Under the policies of hierarchical diagnosis and treatment,cancellation of drug addition,reduction of drug proportion,and two vote system,industry supervision is increasingly strict.With the favorable policies,the investment of capital market in the pharmaceutical health industry is increasing,the pattern of pharmaceutical market is changing gradually,and the degree of competition is upgrading day by day.In the situation of both opportunities and challenges,many traditional Chinese medicine enterprises are ready to take precautions.As the core component of enterprise competitiveness,the promotion of financial competitiveness has become the key to enhance the competitiveness of enterprises.This paper takes Lanzhou foci Pharmaceutical Limited Company as the research object,according to the relevant theory of financial competitiveness,using factor analysis method,constructs the evaluation index system of financial competitiveness,evaluates the existing financial competitiveness of foci pharmaceutical,and concludes that the main factors affecting foci pharmaceutical's financial competitiveness are debt paying ability,profitability,operation ability,etc The conclusion of weak competitiveness as a whole.Combined with the operation and main financial index change trend of foci pharmaceutical company over the years,it is concluded that the main reasons for the weak financial competitiveness of the company are the radical financial strategy,the rapid expansion of the company's scale leading to the poor solvency of the company;the slow growth of the company's operating revenue,the rapid growth of accounts receivable,the rapid growth of operating costs and other reasons,leading to the company's profitability,operating ability,and profitability The current capacity is poor.Put forward the implementation of sound financial strategy,integrate and optimize financial resources,optimize sales expenses,strengthen accounts receivable management,strengthen refined production management,strengthen human resource management and other countermeasures to enhance the company's financial competitiveness.Through this study,we can not only put forward effective measures to enhance financialcompetitiveness for Foci Pharmaceutical Company and other traditional Chinese medicine enterprises in Gansu Province,but also enrich the relevant research on financial competitiveness of Listed Companies in Chinese traditional medicine industry.