| The development of digital technology has laid a solid foundation for digital transformation and opened the way for economic improvement of manufacturing enterprises in the era of digital economy.In this context,many enterprises have opened the path of digital transformation in order to adjust their strategic decisions,improve their business environment and enhance their financial performance.According to the Industrial Development Report,the performance of economic indicators of manufacturing enterprises is higher than that of enterprises in other industries for enterprises that also apply digital transformation.However,the enterprises conducting digital transformation in China are concentrated in the financial industry,service industry and other industries,and the integration of digital transformation and manufacturing industry needs to be deepened.This article selects the automotive glass manufacturing enterprise F Group as the research object,which has started digital transformation since 2015.Based on the combing review of relevant literature at home and abroad,the article uses literature research method,case study method,comparative analysis method and SWOT analysis method to conduct detailed analysis from the following seven parts: the first part introduces the research background,research purpose,research significance and research method of this paper,and summarizes the research situation and development process of digital transformation and financial performance evaluation methods at home and abroad;the second Part II explains the concept of enterprise financial performance,digital transformation,and theories related to financial performance to provide sufficient theoretical support for this paper;Part III provides a detailed introduction of Group F.Firstly,it introduces the background of Group F,then uses the SWOT method to analyze the motivation of Group F’s digital transformation,and summarizes the implementation path and results,and finally cites the financial data from 2018 to 2021 to understand the development recent situation;the fourth part compares before and after the digital transformation of Group F,collects the financial performance data from2012-2021,vertically compares the financial indicators,introduces economic value added method to evaluate the financial performance of Group F for nine years,and draws evaluation conclusions;the fifth part analyzes the reasons for the improvement of Group F’s financial performance;the sixth part provides digital transformation insights for manufacturing enterprises;the seventh part concludes the study The sixth section provides insights into the digital transformation of manufacturing enterprises;the seventh section is the conclusion of the study.The analysis concluded that: First,digital transformation has driven the improvement of financial performance of manufacturing companies F Group.Group F has improved the efficiency of asset utilization,enhanced profitability,improved profit quality,reduced debt risk,enhanced asset realization ability,increased EVA year by year,and improved financial performance after digital transformation.Second,digital transformation has improved the ability of enterprises to prevent crises,and Group F has used digitalization to create a "cloud-based architecture",build "smart factories",products based on advanced digital technology,and an online customer service platform based on big data to form a digital supply chain.This has reduced the negative impact of external risks on Group F.Innovation of this paper: This paper takes the Chinese version of "Industry 4.0" and the "digital transformation as a whole to drive the change of production,life style and governance" proposed in the 14 th Five-Year Plan as the background,and combines digital transformation with financial performance of manufacturing enterprises.The study combines digital transformation with financial performance of manufacturing enterprises.After reviewing previous literature,we found that many scholars have conducted research on digital transformation and enterprise financial performance evaluation,but there is less research on the financial performance of manufacturing enterprises based on digital transformation.Therefore,this paper selects automotive glass manufacturing enterprise F Group as the research object,evaluates the financial performance of F Group using economic value added method,analyzes the reasons for the improvement of F Group’s financial performance,and summarizes the path of digital transformation of F Group,hoping to bring transformation inspiration to automotive parts manufacturing enterprises and promote the digital transformation of manufacturing enterprises. |
