Study On The Impact Of Enterprise Asset Structure On Financial Performance Under Macro-Economic Volatility

As the basic industry of national economy,non-ferrous metal industry provides the indispensable key resources for stable economic and social development of our country and supports the development of the whole country.However,due to the slow growth rate of China's economy,the country's development model from a single dependence on exports,investment gradually to consumption,exports and investment at the same time led by the excessive economic growth,non-ferrous metals as the main export and investment sectors,the policy impact is more obvious;At the same time,domestic non-ferrous metal enterprises overcapacity,unreasonable structure,poor scale benefit and concentration Low,insufficient capacity for independent innovation,deep contradictions in the industry prominent,the development of non-ferrous metal industry is constrained.In the case of enterprises,the ultimate goal is to maximize the value of the enterprise or maximize the wealth of shareholders.The main driving force to promote the sustainable development of enterprises is to improve the overall performance level,enterprises through the rational allocation of resources to maximize the benefits of enterprises,in the case of micro enterprises,the internal resource allocation is the asset structure.Under the macroeconomic fluctuation,there are differences in the asset allocation of enterprises,so whether the asset allocation of former and back-end enterprises will change with the economic fluctuation?In the research of many scholars,the macroeconomic fluctuation is reflected by the index of GDP growth rate.Therefore,this paper combines the relevant theories of macroeconomics and divides the research period into hypervelocity development stage,high speed development stage and medium high speed development stage.The non-ferrous metal enterprises are divided according to the industrial chain,and the asset allocation characteristics and industry development of the non-ferrous metal industry under macroeconomic fluctuation are understood.By using eviews 6.0 software to establish regression model,this paper explores the difference between the asset structure of the former and back-end non-ferrous metal enterprises and the influence of national macrofactors on the performance of the enterprises.In the research of many scholars,the macroeconomic fluctuation is reflected by the index of GDP growth rate.Therefore,this paper combines the relevant theories of macroeconomics and divides the research period into hypervelocity development stage,high speed development stage and medium high speed development stage.The non-ferrous metal enterprises are divided according to the industrial chain,and the asset allocation characteristics and industry development of the non-ferrous metal industry under macroeconomic fluctuation are understood.By using eviews 6.0 software to establish regression model,this paper explores the difference between the asset structure of the former and back-end non-ferrous metal enterprises and the influence of national macrofactors on the performance of the enterprises.According to the research results,the following policy suggestions are put forward:adjusting the internal structure of financial assets;Reactivate inventory assets and speed up inventory turnover;Managing the current situation of enterprise overcapacity and reducing its investment in fixed assets;We will increase the proportion of R&D investment and increase the efficiency of R&D funding.