Research On Financial Sustainable Growth Ability Of OLED Listed Companies

With the introduction and promotion of "made in China 2025",a new round of scientific and technological revolution and industrial revolution is developing constantly.Major countries and regions in the world are scrambling to find new breakthroughs to seize the opportunity of development.As a new type of display industry,OLED industry has received active attention from governments and enterprises of various countries and is in the stage of rapid development.The financial sustainable growth ability of OLED listed companies is not only one of the important factors for investors to make investment decisions,but also related to the future development potential of enterprises.The research idea of this paper is mainly divided into three parts: first,the value chain analysis method is used to describe the distribution of OLED listed companies in the whole industry value chain;Secondly,from the selection of flush database 36 OLED stocks listed company and get its 2014-2018 financial data,with the aid of SPSS and EXCEL software,using factor analysis method of OLED industry to comparative study of financial sustainable growth ability,and according to the comprehensive score situation separately from the whole industry chain and chain,provide a reference for investors to identify corporate investment value,and describes the OLED industry value chain "smiling curve",to provide investors looking for investment opportunities,investment guide.Finally,based on the factor analysis results and combined with the characteristics of OLED industry,boe and shentianma,a midlevel panel manufacturer,were selected as case companies for comparative analysis to provide reference for improving the core competitiveness of China's OLED enterprises and promoting their sustainable development.The conclusions of this paper are as follows: first,listed OLED companies in China generally have excessive growth,and have not achieved sustainable financial growth.In addition,profitability and operating capacity are the main factors affecting the sustainable financial growth of listed companies in this industry.Second,the sustainable financial growth capability of enterprises in the middle of OLED industrial chain is better than that of upstream and downstream enterprises.Third,the profit creation ability of China's OLED industry presents a typical smile curve.The profit creation ability of upstream and downstream enterprises is stronger than that of midstream enterprises and has higher investment value.Based on the perspective of industrial value chain,this paper adopts factor analysis method to quantitatively study and analyze the financial sustainable growth ability of OLED listed companies,which is innovative in industry selection,research content and research perspective.