Comprehensive Financial Analysis Of YTH Companies Based On The Harvard Framework

Chemical fertilizer industry plays an indispensable role in national economy and the people's livelihood,and with the desirable development of modern agriculture and the deepening of rural revitalization,agriculture has been developing towards a green,safe and environmentally friendly trend.The current situation of the structural reform on the supply side of our country has inevitably required the structural adjustment in the chemical fertilizer industry.In this process,all enterprises will be faced with different strategic choices and operating decisions.As every business is faced with different strategic choices and operational decisions in this process,it becomes critical to choose which strategy and the operational decisions that match it.Based on the Harvard Analytical Framework as the main analytical tool,and according to the data of the case company's public statements and related information as the basis of technical analysis,from the macro-economic point of view and the background of the industry,this paper concludes from the strategic analysis that the fertilizer industry as a whole is facing the pressure of transformation and upgrading,and the transformation and upgrading of YTH Group is also urgent,YTH Group should adopt an integrated development strategy.Accounting analysis and financial analysis are then used to reveal the gaps and problems in the YTH Group's efforts to achieve its integrated developmental strategic objectives.We can see the problems and gaps through the accounting analysis is mainly reflected in the monetary funds and enterprise cash flow is tighter,the financial risk increases,inventory has been running at a higher level,the financial costs have increased,the financial risk further increased.In the financial analysis,we can see that YTH Group's operational capacity is superior,profitability and development capacity has improved,but the fixed asset turnover rate and inventory turnover rate still need to be improved,debt service capacity needs to be strengthened,the balance sheet ratio needs to be improved,profitability and development capacity is not strong enough,which is a disadvantageous position in the industry.The fertilizer industry will present both opportunities and challenges in the coming period,and the YTH Group faces risks in three areas: safety,environment,finance and market.Finally,put forward some future prospects of targeted proposal integrated the conclusion of four aspects reached in the Harvard analysis.First,seize the opportunity of comprehensive reform of "double hundred action of state-owned enterprises" and introduce modern management methods.Second,absorb and train outstanding talents,improve the management training mechanism.Third,develop the advantage of the safety and environmental protection tradition,keep pace with the national security and environmental protection process.Fourth,optimize the capital structure,introduce strategic investors and reduce the asset-liability ratio.Fifth,give full play to the group's advantages of resources conformity superiority,grab the new product market,and establish a new business model.