The Evaluation About The Financial Competitiveness Of Hunan Manufacturing Listed Companies

In 2015, two sessions of the government report for the first time proposed the implementation of "Made in China 2025". Subsequently, Hunan Province to respondpositively to the national deployment, introduced the manufacturing province five year action plan. Hunan Province is one of the earlier old industrial base and the machinery and equipment manufacturing, tobacco, paper, pharmaceutical industry, in the country have a certain influence, but competitive with other province compared there is still a certain gap. In addition, China is in a period of economic growth rate shift, slowing down the pace of macro economic development, reducing demand, and human capital, material costs continue to improve, given the labor-intensive manufacturing industry in Hunan has brought a huge challenge. Financial competitiveness is put forward to the concept of financial management upgrade, it can enable enterprises to pay more attention to their own financial management, with thought of creating value, controlling risk, reducing cost as their guiding ideologies. To correct those companies blind pursuit of profit, to implement effective financial strategy, in order to ensure the healthy and stable development of enterprises. Based on financial perspective as a starting point to study of Hunan manufacturing industry competitiveness of listed companies will helps the companies directly understand their level of financial development in Hunan, understand the strengths and weaknesses of their own financial management, in order to enhance the financial competitiveness, ultimately for the upgrading of the manufacturing industry's overall competitiveness to provide financial management support.After studying the domestic and foreign literatures about financial competitiveness, this paper expounds the definition, characteristics, elements, formation mechanism and influencing factors of the financial competitiveness of enterprises. This paper elects 25 indicators from the debt paying ability, operation ability, profit ability, growth ability, cash flow indicators and non-financial indicators, and constructs an evaluation model of financial competitiveness of listing Corporation in China, for 39 a-share manufacturing listing Corporation in Hunan province in the year 2014 by using factor-analyzing method. Finally, this paper puts forward the suggestions to improve the financial competitiveness of listing Corporation from two aspects of micro and macro.The main innovation of this paper lies in: through the construction of a comprehensive evaluation model of China's listing Corporation financial competitiveness, the original scattered financial indicators are comprehensively reflected. Helping the listing Corporation to find their financial problems more intuitively. Secondly, this paper adds the quantified non-financial indicators into the traditional financial index system in order to enhance evaluation accuracy of evaluation model of financial competitiveness of listing Corporation.