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SYHG Corporate Profitability Study Based On DuPont Analysis

Posted on:2022-09-08Degree:MasterType:Thesis
Country:ChinaCandidate:S X SongFull Text:PDF
GTID:2511306548966049Subject:Accounting
Abstract/Summary:
The chemical industry is an important economic pillar force in the development of the country,and its development has an important impact on the national economy and the daily needs of residents.At present,the development of chemical industry in China is advancing by leaps and bounds,but there is still a big gap between the research and development and production of chemical industry in China and the international level.Therefore,it is necessary to promote the transformation and upgrading of the petrochemical industry and promote the faster and stronger development of Chinese chemical enterprises.Based on the Du Pont analytical framework system,this paper takes SYHG Co.,Ltd.(hereinafter referred to as "SYHG")as the main case object,analyzes and studies the profitability data of the company by using the company’s financial reports from 2015 to 2020.Find out the problems in business activities or deviations in development decisions,and put forward corresponding improvement measures to improve the profitability of the company.The analysis shows that in the daily business activities of the enterprise,the business conforms to the national economic guidance,the operating income is stable and the financial leverage ratio is appropriate.At the same time,however,SYHG also has some problems in terms of profitability,mainly for its high product cost and relatively low total turnover level compared with other companies.Therefore,its R&D and innovation efforts need to be improved.To this,the author think enterprise should strengthen the ability to resist external risk and control of the chemical engineering cost,avoid unnecessary waste,strengthen recycling,at the same time,strengthen enterprise flagship product or new product research and development,the introduction of relevant technology talent,strengthen personnel training,for raw materials and selling the company’s main always pay close attention to market changes,For the future stable and healthy development of the enterprise and the improvement of profitability to lay a solid foundation.The government should give more support to chemical enterprises in science and technology development to promote the steady improvement of the industry level.
Keywords/Search Tags:Du Pont analysis system, SYHG Company, profitability
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