Financial Strategy And Implementation Effect Evaluation Of Citic Special Steel

With the development of global economic integration,the high-end mode of industrial competition,environmental pollution and energy consumption have brought increasing pressure to the steel industry.As a result,global trade barriers have deepened and trade frictions have intensified.Coupled with the novel Coronavirus pneumonia outbreak,the supply and demand of the steel industry have been suppressed in both ways.And domestic economic environment with the rapid development of our country's economy,China's overall level of industrialization has entered middle and later stage,each big steel consumption capacity of the largest industries such as manufacturing,real estate,are facing oversupply or investment saturation decline of steel demand,unreasonable structure of these external factors and internal development problem to our country's steel industry now form to severe situation,in order to solve the above problems,the Chinese government to promote structural reform work,supply side for many industries,including iron and steel industry has brought new development opportunities.Strategic transformation is a key issue for the survival and development of iron and steel enterprises.At the same time,it is also the key point for iron and steel enterprises to successfully realize strategic management by adjusting financial strategy in conjunction with enterprise strategy and ensuring its implementation effect.This article through to the citic Pacific special steel group co.,LTD as the research subject,the research background,the influence factors of enterprise financial strategy,four functional strategy and implementation effect is analyzed,multi-angle thinking about the business strategy of current financial status quo,existing problems and its reasons,and put forward the optimization advice,in order to promote the continuous development of citic special steel in the future,for other iron and steel enterprises in the future how to develop financial strategy in the fierce market competition to obtain competitive advantage has a realistic significance.Starting from the theory,this paper first introduces the purpose of selecting the topic and the significance of research,discusses the research status of relevant theories at home and abroad and makes comments.Then it analyzes the external environment,industrial environment and internal environment of CITIC Special Steel in detail with PEST analysis method,summarizes the company's development strategic objectives over the years during the reform,and summarizes the overall and financial strategic choices of the company.Secondly,it makes a comprehensive analysis of the specific four functional financial strategies of Citic Special Steel,and studies the status quo and existing problems of financing,operation,investment and dividend distribution respectively.Again,citic financial strategy implementation effect evaluation framework of special steel,financial indicators of citic special steel longitudinal and transverse comparison and analysis,and build the financial strategy matrix to evaluate and analysis the company's financial strategy is effective in relieving the financial problems,there is the problem of how to,in view of the above cases found in four types of financial strategy formulation and implementation issues put forward concrete Suggestions on optimizing;Finally,the research conclusion and the deficiency are put forward.