Suggestions From The Research Of Sany Heavy Industry Co., Ltd’s Value Creation And Value Achievement Activities

The main goal of an enterprise is creating value. Developing core competence is the basic way of value creating for the enterprise itself. The progress of creating value may involve many benefit correlatives (actual controllers and long term institutional investors, medium and small scaled investors, strategic investors, etc.). different benefit correlatives have different aims and expectations to their invested companies, and different behavior of enterprises doesn’t affect those benefit correlatives in the same way. Thus, researching the way how the value is created and achieved for enterprises and their benefit correlatives seems significative. No matter in theory or in fact, researching enterprises and their benefit correlatives’value creation and value achievement brings practical significance. This paper tries to research the relationship of value creation activities, value creation results, and value achievement channel from the angle of finance so as to get practical instruction.This paper uses SANY Heavy Industry Co., Ltd as example. The data in this paper is newly updated. Our research method is case study. Around the theme "value creation and achievement", we try to solve three problems including value creation activity, value creation result, value achievement channel. The research process is based on financial analysis. In the aspect of value creation, we researched the contribution of the combination of capital operation and the integration of inner financial resources. In the aspect of value creation result, we use double ways for measuring. In the aspect of value achievement channel, different benefit correlatives are involved when analyzing.Our conclusion includes:1. Successful value creation should work in with value achievement;2. The coordinating of capital operation and inner financial resources contributes value activity;3. The coordinating of EVA and traditional financial index is an advisable way for measuring value creation result;4. Value achievement channel for different benefit correlatives are multiple. And we get the following suggestion:1. We should keep an eye on the integration of value creation and value achievement;2. We should keep an eye on the integration of capital operation and inner financial resources conformity;3. A feasible way to measure value creation result is an necessity;4. Making a distinction among different benefit correlatives helps value achievement.The main innovation point of this paper includes the following three: the innovation of research angle, the innovation of content, the innovation of conclusion. In the first innovation we different needs of different benefit correlatives; in the second innovation we constructed a map of enterprises’value activity, including value creation activity, value creation result, and value achievement channel. And the logical chain of enterprises’value activity is improved; in the third innovation we embedded the integration of capital operation and inner financial resources conformity into the "value creation activity, value creation result, value achievement channel’chain.