Financial Performance Of Cement Industry Under The Supply-side Reform ——Through An Example Of Tapai Group

The cement industry is the pillar industry of China’s economic development and has made great contributions to China’s economic development.However,due to the blind expansion in the early stage,the cement market has reached saturation,the economic benefits of the cement industry have decreased year by year,the amount and range of losses have increased,the relationship between supply and demand has become increasingly unbalanced,and the development of the cement industry has fallen into a dilemma.According to the 13 th five year plan,the supply side structural reform is an important strategy to lead China’s economic development and adapt to the new normal of development.The cement industry has become one of the important industries for supply side reform."Cutting capacity","cutting inventory","cutting leverage","cost reduction" and "making up for weaknesses" are the five main aspects of supply side reform.On the one hand,supply side reform alleviates the situation of overcapacity in the cement industry and improves the industrial concentration.On the other hand,it also helps cement enterprises improve their business conditions.Therefore,the paper selects the research on the financial performance of cement industry under the supply side reform,which has practical significance.This paper adopts the methods of literature research,case study and comparative analysis,takes the new supply theory,industrial synergy theory and stakeholder theory as the theoretical support,and based on the research results of domestic and foreign scholars on supply side reform and financial performance,analyzes the impact of supply side reform on the financial performance of cement industry,and takes tapai group as a case to study the implementation process of tapai group’s supply side reform,This paper studies the changes of financial performance before and after the supply side reform from the four aspects of profitability,solvency,operation ability and development ability and EVA analysis,finds the problems of excessive inventory backlog,slow turnover of total assets and continuous growth of costs and expenses,and puts forward some suggestions on strengthening inventory management,improving the use efficiency of fixed assets,strengthening cost control and promoting green transformation and development.It is hoped that the research and improvement suggestions on the financial performance of the cement industry under the supply side reform can be used as a reference for other enterprises in the cement industry.