Study On The Financial Management Model Of GuangDong XINBAO Electrial Appliances Holdings CO., LTD

From the trend of world-wide industrial development, the current traditional manufacturing industry has been transferred from developed countries to developing countries. Small household electrical appliances belongs to the traditional manufacturing industry, since the 1990th, China has forming a huge production capacity of small household electrical appliances, and has rapidly became production base of small household electrical appliances around the world .The products not only meet the domestic demand, but also has a large number of export.With the large household appliance manufacturers and foreign companies have been involved in, small household appliances market has become more and more competitive, which forcing enterprises have to adopt a variety of competitive measures to seeking for their own space to survive.As far as now, small household electrical appliances industry is a very competitive market, moreover, has entered into a white-hot stage. A number of small household electrical appliances enterprises are getting to recognize the great gaps among marketing conception, competition measures, reaction speed and the ability to grasp business opportunities with foreign advanced enterprises. To make up for the lack of internal management and solve the high production costs, capital liquidity is not strong etc problems, which require establish an effective financial management mode in order to meet increasingly competitive market needs.With the development of China,"XINBAO Electrical"manufacturing enterprise has now become the leading enterprise of this industry. And its pattern of financial management is also worth to learn, through analyze its company's financial management mode, summarized its advantages, and which parts need to improve, then brought forward the directions of financial management of small household electrical appliances manufactures.Firstly, this paper introduce the background of investigative issues, and then through analyze the situation of financial management mode, proposed the key points of research which focus on the realization of a comprehensive budget management, strengthening financial management, strengthening financial controls, and summarized the practical significance of researching on the financial management mode.Secondly, the research concentrated on the objective of financial management, the theory of comprehensive budget management, financial control theory, financial management environment, financial management mode. Through the analysis of "Xinbao electrical" the company's original financial management, gave the optimization program and carried it out. Finally, summed up the financial management mode for manufacturing. The key part of this paper is based on related financial management theories. And adhere to the principle of optimizing the financial management mode, in this way, established a financial management control system under the manufacturing enterprises.In the research of financial management mode, it is the key point to establish a prosperous, strict and effective standard financial management through changing the minds'of staff, optimizing and creating the system. And it is also the direction for further research. Hope this paper can give some suggestions for the development of small household appliances and help to solve their own financial management issues. Through the study of this paper, it has discussed how to establish a competitive and efficient financial management system, and in allusion to practical issues in daily working, meanwhile combined with my personal working experience, proposed some views and suggestions. Hope this paper could be helpful to setting up the financial management system for manufacturing enterprises.