Research On Working Capital Management Of Large-scale Household Appliance Enterprises Facing High-quality Sevelopment

Recently,China’s economy follows the path of high-quality development,which is characterized by less input of production materials,high efficiency of resource allocation,low cost of resources and environment,and good economic and social benefits.The large-scale household appliance enterprises play a key role of leading the Chinese economy booming,and consequently,the high-quality development of large-scale household appliance enterprises would be an important guarantee to realize the high-quality development of Chinese economy.To pursue sustainable growth and high-efficiency development,large-scale household appliance enterprises allocate and use resources effectively in enterprise management decision-making and realize the benefit and efficiency improvement of value growth.State owned enterprises play the most important role in ensuring the long-term growth and high efficiency of large-scale household appliance enterprises.Therefore,the optimization and improvement of working capital management of large-scale household appliance enterprises is of great significance to the overall high-quality and sustainable development of large-scale household appliance enterprises.The continuous in-depth study of working capital management shows that there are many problems in the working capital management of enterprise groups in China,such as high risk of working capital management,high cost of capital and imbalance of structure proportion.Under the goal of high-quality development of large-scale household appliance enterprises,the improvement of their benefits and efficiency needs effective business innovation and management improvement.Management accounting provides the core accounting information and data required by various business decisions,so as to ensure the scientificity of state-owned business decisions.Working capital management is the most relevant financial management module related to commodity operation and circulation.Optimizing working capital management is the core to achieve high-quality business decision-making of large-scale household appliance enterprises.This study combines the state-owned enterprise listed company Gree Electric as a high-quality development of state-owned enterprise case sample,Gree electrical appliance ranks first in the air-conditioning industry of China’s home appliance industry.In the report on innovation index of Chinese Listed Companies in 2019 and2020,Gree Electric Appliance ranked first and third respectively in the innovation index of Chinese listed companies.Under the background of high-quality development,Gree Electric Co.,Ltd.responds to and puts forward corresponding strategic objectives: adhere to innovation driven,adhere to quality first and adhere to transformation and upgrading.The basic research route of this paper is based on the working capital research and analysis framework of high-quality development of large-scale household appliance enterprises proposed in this study,through the working capital management analysis of Gree Electric Appliance,in addition to the traditional working capital management theory and analysis,combined with the requirements of high-quality development to re discuss the financial problems of large-scale household appliance enterprises.Through the research,it is found that the problems of state owned enterprises can be related to the enterprise operation,and the realization effect of the adjustment based on the requirements of high-quality development,such as the transformation of enterprise product strategy,the optimization of management team and the dynamic response of outer market.The paper looks forward some suggestions to optimize the working capital management of large-scale household appliance enterprises from the requirements of high-quality development and transformation.