Research On Financial Competitiveness Of Lepu Medical Based On Factor Analysis

The medical device industry has the characteristics of low starting point and rapid development,and is one of the most active industries in the world,and it is also one of the landmark industries of national manufacturing level and high-tech cutting-edge level.In recent years,the Chinese government has increased support for the "domestic alternative" medical device industry,coupled with the impact of the new crown epidemic sweeping the world,China’s medical device industry has broad market prospects and development space.At the same time,competition within the industry has intensified.One of the core initiatives of medical device manufacturers to maintain their competitive advantage is to continuously improve their financial competitiveness.Therefore,this paper selects Lepu Medical,a leading enterprise in the cardiovascular field in the medical device industry,as a typical case,and uses factor analysis to construct a financial competitiveness evaluation index system,in order to form enlightenment to the entire industry through the analysis of its financial competitiveness,so as to achieve high-quality development by improving the level of financial competitiveness.Firstly,the business environment and financial status of the case enterprise are analyzed.Secondly,based on the data of 51 listed medical device companies,a financial competitiveness evaluation index system of medical device enterprises covering four aspects such as profitability,solvency,operation ability and development ability was constructed,covering four aspects,including profitability,solvency,operation ability and development ability.Through the analysis and evaluation of the overall financial competitiveness and various capabilities of the case enterprises,the results show that Lepu Medical has problems such as low asset utilization efficiency,insufficient cost and expense control ability,and cash asset utilization efficiency and inventory operation efficiency that need to be improved.In view of the existing problems,this paper finally proposes that Lepu Medical needs to revitalize assets in time to improve asset returns;At the same time,further improve the ability to control costs and expenses;In addition,it is necessary to strengthen capital management,improve the efficiency of use,and improve inventory management to improve operational efficiency.