Research On Financial Performance Evaluation Of Huadi Corporation From The Perspective Of Stakeholders

In recent years,China’s home appliance industry has basically achieved innovation-driven development mode,and the application level of intelligent technology is in the forefront of the world.But as the home appliance market competition increasing,our country home appliance industry enterprise sales in varying degrees of decline,the rise in prices of raw materials,labor costs increase,such as factors has a great influence on the financial performance of the enterprise,at the same time is closely related to the enterprise development of the interests of the investors,creditors,suppliers and other stakeholders have been volatile,in this case,How to improve the financial performance of enterprises by meeting the needs of stakeholders has attracted attention from all walks of life.As an old household appliance enterprise in China,Huadi Is also facing the pressure of economic growth with the change of consumer market trend.Therefore,it is of practical significance to study how to improve the financial performance of Huadi Corporation from the perspective of stakeholders.Based on the theory of stakeholder theory,principal-agent theory and information asymmetry theory,this paper makes an in-depth analysis of the factors affecting the financial performance of Huadi Joint-stock Company after combing relevant literatures at home and abroad.Firstly,this paper introduces the general situation of Huadi Corporation in detail from two aspects of company profile and operation,and analyzes the current situation of huadi Corporation’s financial performance,major stakeholders and their contributions and demands;Second,selecting vantage corporation in the same company for nearly five years data and data from 2011-2021,on the financial performance evaluation,according to the score results will influence degree of various stakeholders to vantage co.LTD.,it is concluded that the longitudinal and transverse impact larger public factor,and the comprehensive analysis was carried out on the common factor.Finally,put forward the countermeasures to improve the financial performance of Huadi Corporation from the perspective of stakeholders.The results show that shareholders,suppliers,employees and the government are the major stakeholders affecting the financial performance of Huadi Corporation,while creditors,customers and social factors have less impact on the financial performance of the company.Therefore,based on the above analysis,vantage corporation needs from shareholders,suppliers,employees,and the government four aspects to improve stakeholders,one is to improve the level of earnings management,perfecting the corporate governance structure to safeguard the rights and interests of shareholders,The second is to establish the business relationship with suppliers,supplier management standard to the interest of the supplier,The third is to stimulate the enthusiasm of employees,communicate with them regularly and pay attention to the training and development of employees to protect their rights and interests.The fourth is to strengthen the consciousness of tax planning and maintain a good relationship with the government,so as to effectively improve the company’s financial performance and promote its better development.