Research On The Financial Of Bewg Under The Asset-light Operation Mode

Since the 19th National Congress,China’s economic goals have gradually shifted from high-speed development to high-quality development.In this critical period of transformation,enterprises should follow the footsteps of the times,optimize in multiple ways,and move toward high-quality goals.In this process,the reform of the operating model is essential,enterprises need to adjust the operating model in a timely manner according to the external economic environment and the actual internal situation,in order to ensure their own healthy development.Water business is a typical heavy asset industry,in the early development of the choice of "brutal growth" of heavy asset operation mode,with a large amount of capital in exchange for a small return on the operating model to achieve rapid development.With the deepening of market-oriented reform,the improvement of the external environment and the increase in national supervision of water resources,the water industry is becoming increasingly competitive and the challenges are becoming more and more severe.The asset-light operation model provides a new direction for the future development of enterprises,and the operating conditions of enterprises under this operation model are mainly reflected through financial performance,therefore,it is of certain importance to study and analyze the financial performance of water enterprises under the asset-light operation model.In this paper,we select BEWG as the research object,use the literature research method to grasp the relevant theory,understand the current financial performance evaluation method used by BEWG and the financial performance evaluation results under this method,and point out the shortcomings of the current method.The financial indicators of profitability,solvency,operating capacity and development capacity are fully considered,and suitable financial indicators are selected by combining the characteristics of the asset-light operation model,and the financial performance level of BEWG is studied and evaluated by using factor analysis,analyzing the problems of current financial performance and proposing targeted optimization measures.The study found that under the asset-light operation model,the following problems exist in the financial performance of NCW: high debt leading to financial risk,slow collection of accounts receivable,poor inventory turnover,and poor cost control.To address the above problems,this paper proposes the following solutions:broaden financing channels,improve credit receivable mechanism,establish a collection system,create a network direct sales system,etc.,in order to improve the financial performance level of BEWG and provide reference and demonstration for other companies.Finally,it is pointed out that BEWG under the asset-light operation model can improve its future financial performance by accelerating R&D efficiency and expanding high value-added business.