Research On International Competitiveness Of Chinese Communication Equipment Manufacturing Listed Companies

The manufacturing industry is a pillar industry of China's national economy,and it is the foundation of a strong country,the foundation of a nation and a tool for rejuvenating the country.In April 2019,General Secretary Xi Jinping proposed that China's manufacturing industry should comply with the development trend of the fourth industrial revolution,grasp the opportunities for intelligent,digital,networked development,j ointly explore new models,new technologies and new formats,and explore new growth momentum and Development path.As an important category of manufacturing industry,the communication equipment manufacturing industry is not only a pillar industry for China's national economic development,but also closely related to national security.As a leading industry of the national economy,the communication equipment manufacturing industry represents the development level of China's high-tech industry,and the state pays high attention to the development of this industry.Therefore,studying the international competitiveness of China's listed telecommunication equipment manufacturing companies is of great significance for measuring the development level of China's high-tech industry and its competitiveness in the international market.First,this paper analyzes the current status of domestic and international research on international competitiveness,and briefly introduces the development status of China's communications equipment manufacturing industry and its operating entities.According to the internal and external influence factors of the international competitiveness of enterprises and the construction principles of the evaluation model of international competitiveness of enterprises,a targeted evaluation index system of international competitiveness of enterprises was designed.Secondly,in the analysis,this paper takes 25 Chinese communication equipment manufacturing listed companies and benchmark companies Huawei and Ericsson as the research objects,select relevant data from 2016 to 2018,use the entropy weight method for comprehensive analysis,and use this evaluation result as the basis,The sample companies are divided into three gradients.Depth analysis of the international competitiveness of the three gradient companies was carried out.Huawei and Ericsson,the world's leading communication equipment manufacturers,were used as industry benchmarks to conduct a horizontal comparative analysis with listed companies in China's communication equipment manufacturing industry.It also uses the entropy weight method to conduct a longitudinal comparative analysis of the international competitiveness of China's telecommunications equipment manufacturing listed companies from five dimensions:scale strength,operating capability,profitability,development capability and innovation capability.Finally,the research results show that the comprehensive international competitiveness of the first gradient company is ahead of domestic counterparts,the second gradient company is second,and the third gradient company has the weakest international competitiveness,behind the first two.From the perspective of sub-items,the size of First Gradient is generally large,with total assets and operating income ahead of domestic counterparts.It also has more total exports and overseas subsidiaries in the international market,but its operating capacity needs to be improved urgently;The second gradient company's international market development is inferior to the first gradient company,and its profitability still has much room for improvement;the third gradient company's international competitiveness status is not optimistic,whether it is scale strength,profitability,operation,development And innovation capabilities are lagging behind domestic counterparts.Based on the development problems of listed companies in China's communications equipment manufacturing industry,attempts have been made to provide effective countermeasures to enhance the international competitiveness of listed companies in China's communications equipment manufacturing industry.