Study On The Evaluation Of Financial Competitiveness Of Listed Pig Companies

The pig industry is one of the pillar industries of China’s agricultural economy,occupying a pivotal position in China’s economic development.In recent years,with the gradual improvement of environmental protection requirements,the pig industry has also embarked on a path of transformation and upgrading,and China’s pig breeding industry has entered a stage of high-quality development.Compared to other traditional industries,the pig farming industry faces more risks.The existence of the "pig cycle" itself poses great challenges for listed pig companies.Coupled with factors such as epidemics and policy changes,some enterprises with weak business capabilities and poor risk resistance must exit the market.For enterprises still in the pig industry,they must comprehensively improve their own capabilities.In this context,it is of great significance to strengthen research on China’s pig enterprises and promote the development of China’s pig industry by promoting the optimization and upgrading of pig listed companies.Financial competitiveness,as a comprehensive ability,comprehensively summarizes all aspects of enterprise capabilities.In today’s high-quality development of the pig industry,studying the financial competitiveness of listed pig companies is particularly important.Based on the research results of domestic and foreign scholars,this thesis defines financial competitiveness,briefly describes the basic theory,and combines the characteristics of the pig industry and the principle of indicator selection,selects 16 indicators from eight aspects of profitability,solvency,operating ability,development ability,basic resources,R&D resources,human resources,and concentration ratio of pig business,to build a comprehensive evaluation indicator system of financial competitiveness.Next,using Wenshi Group as a case study company,a comparative analysis is conducted based on Wenshi Group’s financial data from 2017 to 2021 and its changing trends.Then,the entropy weight method is used to compare Wenshi Group horizontally with 12 companies in the same industry and vertically with its own five-year data to obtain the comprehensive level of financial competitiveness of Wenshi Group.The research results show that the financial competitiveness of Wen’s shares is medium to low,and it performs poorly in the operating capacity,development capacity and profitability,which account for a large proportion in the evaluation system.However,it performs fairly well in terms of R&D resources and concentration ratio of pig business.On behalf of the company,it mainly adjusts its business strategy in time to get out of difficulties,and will continue to develop significantly in the future.Wen Group should increase its financial competitiveness and achieve high-quality sustainable development by changing its business model,strengthening internal management,and reasonably planning research and development investment.