Diversified Performance Analysis Of Listed Steel Companies In China

From the beginning of the 21 st century,China's urbanization and industrialization speeding up the pace of,volume expansion,city manufacturing industry,the progress of the construction industry to promote the great development of steel industry,but along with the coming of the economic crisis,the steel industry crisis is,first emerged in the Chinese steel industry at present to solve the key problem is that excess capacity,industry chain relationship between chaos and homogenized competition is intense,the governance ability.At he end of 2011,steel industry into the winter period,the industry small profit.To steel industry in 2012 and suffered an industrywide losses.In this situation,the iron and steel enterprises must develop new economic growth point,and carry out diversification has become a rite of passage.Based on iron and steel industry 26 diversification of the listed company as an example,the use of various business sectors Return on investment analysis,analysis of net profit and revenues accounted overall diversification effect,to eliminate accidental factors,guarantee the stability of the data are shown in index calculation the arithmetical average of the data in 2010-2014.Using descriptive statistics and multivariate regression analysis the listed steel companies diversified management's influence on the performance of whole enterprise.Finally found,diversified business to neither as the main business income of listed steel companies bring more,no more benefits,also did not share the financial risk of listed steel companies,but to a certain extent weakened the main business profitability.Then from the enterprise itself,enterprise internal system,government intervention in the state-owned enterprise and macro policy influence analysis of the causes of failure of huainan mining group,diversified business.For these reasons,and puts forward the corresponding Suggestions:Correct understanding of diversified industries,formulate reasonable operation strategy,reasonable layout of diversified industries,establishing and perfecting the enterprise supervision mechanism,and reduce government intervention,we will deepen reform of the state-owned enterprise system,etc,to promote the better development of iron and steel industry diversification.