Evaluation Of Financial Competitiveness Of Baotou Steel Under The Background Of Supply-Side Reform

With the deepening of reform and opening up,our economy is deeply integrated with the international economy,and all walks of life are experiencing the leap from extensive management to fine management.More and more enterprises are aware of the importance of financial competitiveness evaluation for enterprise development.Iron and steel industry,as an important representative of the second industry in China,is a basic industry supporting our national economy,which plays a vital role in the process of social industrialization.However,in recent years,with the downward trend of world economy,the global demand for iron and steel decreases year by year,Chinese iron and steel industry gradually exposed excess production capacity and high financial leverage ratio.In this context,China launched a comprehensive supply-side structural reform in 2016,proposed "three removal,one reduction and one supplement" and other task measures,and identified steel enterprises as the strategic focus of supply-side structural reform.The "20" conference held in 2022 emphasized that it will continue to deepen the supply-side structural reform and keep the economy running within a reasonable range.It can be seen that the supply-side reform is a long-term project of the whole industry society.Therefore,to explore the financial competitiveness level of iron and steel enterprises under the background of supply-side reform has become an issue of great concern to the iron and steel industry and society.Based on the above problems,this paper takes the shares of iron and steel enterprises as the case study object.Firstly,based on the theories of supply-side reform and financial competitiveness evaluation,this paper describes the current situation of Chinese iron and steel industry and specific measures under the supply-side reform of steel shares.Secondly,based on the reasonable selection of evaluation indicators,a comprehensive evaluation system for financial competitiveness of the steel industry was established.The entropy weight TOPSIS method was adopted to compare and analyze the financial competitiveness of 2012-2021 before and after the supply-side reform from a vertical perspective,and then from a horizontal perspective.The changes of Baotou Steel’s financial competitiveness before and after the reform among 16 listed companies in the same industry are investigated.Finally,it puts forward some reasonable and targeted suggestions for improvement,summarizes the whole paper,points out the deficiencies of the research and the prospect for the future.This paper makes a scientific and reasonable analysis of the financial competitiveness of Baotou Iron and Steel,on the one hand,it is helpful to improve its financial competitiveness level from the root,to provide help for the operation and management of Baotou Iron and Steel,to make financial strategic direction,so as to improve its operating situation.At the same time,it also provides a reference for the evaluation of financial competitiveness of enterprises in the same trade and heavy industry such as iron and steel,which has important theoretical and practical significance.