Research On The Financial Performance Management Strategy Of Y Lubricating Oil Company

In recent years,China’s economic development has been slowing down,the lubricant industry structure has been adjusted continuously,and the industrial development has slowed down gradually.The lubricant market is facing a great impact.Daqing lubricant enterprises are also affected by the epidemic,and generally face various obstacles such as the increase of transportation and storage costs and the decrease of profits.The policy background of energy conservation and emission reduction and the construction target of Daqing "three cities" also have a great impact on the industrial layout and user demand of lubricant industry in our city.Faced with the current complex market environment,enterprises need to optimize their management level as soon as possible,improve market competitiveness,and resolve the adverse impact brought by the epidemic.Therefore,financial performance management has become increasingly important.At present,the financial organization of most enterprises in our country is loose,the level of financial management is limited,the financial performance management system is not perfect,these problems are seriously affecting the future development of enterprises.As a small and medium-sized enterprise,Y Lubricating Oil Company urgently needs to improve its management level,optimize its financial performance management system,seize the development opportunity of Daqing to accelerate industrial transformation,and promote the steady and healthy development of the enterprise.Based on the reference of domestic and foreign research on financial performance management,this paper selects Y Lubricating Oil Company as the research object.Firstly,through sorting out and studying domestic and foreign literatures on financial performance management,a relatively clear research idea is formed.Secondly,based on the financial data and information of the company from 2019 to 2021,this paper briefly describes the financial situation of Y Lubricating Oil Company,and expounds and analyzes the current financial performance management situation of the company based on some existing theories of financial performance management.Again using questionnaire survey and interview method,through the collation and analysis of the survey and interview results,it points out that there are problems in the financial performance management of enterprises,including financial organization structure with inappropriate function allocation,unscientific setting of financial performance objectives,lack of communication between the financial department and the business department,there are also inadequate financial performance management regulations,and makes an in-depth analysis of the causes of the above problems from multiple perspectives.Finally,based on the actual situation of Y Lubricating Oil Company,based on the goals of refinement,sharing and standardization of corporate financial performance management and adhering to the principles of strategic orientation,full participation,fairness and openness of financial performance management,targeted financial performance management improvement strategies are formulated.We strive to improve the financial performance management level of Y lubricating Oil Company from five aspects,adjust the financial organizational structure and function allocation,formulate and decompose financial performance objectives based on financial budget,strengthen information construction,promote the integration of business and finance,and improve the financial performance management system,so as to solve some practical problems faced by Y Lubricating Oil Company in financial performance management.So as to break the bottleneck of enterprise development,optimize the management level,and provide a reference for the financial performance management of other small and medium-sized enterprises in the lubricating oil industry.