Research On Zhangyuan Tungsten Industry Financial Performance Evaluation Based On Factor Analysis

Non-ferrous metals,as basic materials,are widely used in various fields.At the same time,non-ferrous metal industry is also one of the important supports to realize the manufacturing power in China,and occupies an important position in the economic development of our country.With the "13th Five-Year Plan " into the end,building a manufacturing power unswervingly,the non-ferrous metal industry has also developed to a new node.The objective evaluation of the financial performance level of enterprises is helpful to help enterprises better recognize the advantages and clear the short board.This view is now widely recognized in both academia and business.As various financial performance evaluation methods are widely used in practice,the disadvantages of various evaluation methods are gradually exposed,so the phenomenon of applying scientific statistical methods to the field of financial performance evaluation is widely accepted.ZY-tungsten industry is one of 68 listed companies in non-ferrous metal smelting and calender processing manufacturing industry.Founded in 2002,ZY-tungsten industry has experienced great fluctuations in the development of financial situation in recent years,which can be known by the level of financial performance.This paper recognizes that the performance of ZY-tungsten industry's financial performance level in recent years may mean that its financial performance has problems in some aspects.So it's necessary to objectively evaluate and analyze its financial performance and find out where the problem lies.After comparing various financial performance evaluation methods,this paper chooses to introduce factor analysis method to evaluate the financial performance of ZY-tungsten industry and position it in non-ferrous metal smelting and calender processing industry.And according to the enterprise's own development,we find out the main financial problems in which aspects,and put forward some suggestions for the future development of ZY-tungsten industry.It is found that the overall financial performance level of ZY-tungsten industry belongs to the lower middle level in the same industry;the poor performance of profitability and operating ability is the main reason for the poor comprehensive financial performance of ZY-tungsten industry;the performance of ZY-tungsten industry's solvency is still good;and ZY-tungsten industry's innovation ability level is better.In view of its poor financial performance of the two aspects focus on analysis,in profitability and operational capacity to find two entry points to analyze the reasons for its poor performance,and ZY-tungsten industry in the future development of some suggestions.