Research On Financial Performance Evaluation Of Nonferrous Metal Smelting And Rolling Processing Industry ——A Case Study Of Jiangxi Copper Corporation Limited

Nonferrous metals exist in all aspects of our daily life and are widely used in various fields.Nonferrous metal smelting and rolling processing industry(hereinafter referred to as nonferrous metal industry)is one of the important basic industries of manufacturing industry.It is inseparable from the support of nonferrous metals to realize agricultural modernization,industrial modernization,national defense and scientific and technological modernization.At present,the world development is facing a situation that has not changed in a century: the change of international political pattern and the transformation of economic kinetic energy.In the face of such a complex development environment at home and abroad,scientific and reasonable planning and rational guidance for the non-ferrous metal industry during the 14 th Five Year Plan period are conducive to promoting highquality economic development and improving people's well-being.Jiangxi Copper Corporation Limited is a listed company in China ' s non-ferrous metal smelting and rolling processing manufacturing industry with brilliant historical achievements.However,looking through the enterprise financial data in recent years,it can be found that the shareholder return of Jiangxi Copper Corporation Limited reached the highest 5% in 2018,only in single digits,and is still decreasing year by year,which attracted the author's attention.Jiangxi Copper's sluggish return on shareholders shows that there may be some problems in its corporate financial performance.In this context,it is necessary to analyze the financial performance of Jiangxi Copper Corporation Limited.This paper first introduces the relevant concepts,then introduces the factor analysis method after comparing various performance evaluation methods,and selects 15 indicators representing the comprehensive financial ability of enterprises.Through CSMAR database and Oriental Fortune Choice database,the financial data of 35 enterprises in the same industry are collected as samples,processed by SPSS 25.0 software,and the relevant financial analysis model is obtained.Through horizontal and vertical comparison,the position of Jiangxi Copper Corporation Limited in the selected enterprises in the industry is positioned,and the main reasons affecting financial performance are found.It is found that the overall financial performance level of Jiangxi Copper Corporation Limited is at the middle and upper reaches of the industry,but its profitability and cash earning ability rank lower and continue to decline in recent five years.Among them,profitability is the main factor affecting the financial performance level of Jiangxi Copper Corporation Limited.Through the factor analysis of profitability,it is found that the low profitability of Jiangxi Copper Corporation Limited is mainly caused by the high cost,followed by the unreasonable period cost and product structure.In view of these three problems,this paper puts forward practical suggestions on the financial problems of Jiangxi copper enterprises from the three points of strengthening cost control,optimizing management structure and product structure.