Study On The Impact Of Financial Sharing On Financial Performance Of Dairy Company M

The growth in the size of business groups and the rapid development of information technology have led to the emergence of common financial services.As a result,the model of financial management has changed,effectively reducing costs,improving financial efficiency and strengthening control over molecular companies through business process re-engineering.In tandem with the wave of economic globalisation,shared financial services have flourished in China.In recent years,relevant government authorities have actively promoted the establishment of shared financial services and encouraged large enterprises to set up shared financial service centers to promote the needs of economic development.The Fifth Plenary Session of the 18 th Central Committee in October 2015 adopted the sharing economy as a development strategy for the first time and applied information technology to sharing services,which strongly supports the further development of the sharing economy and the adoption of financial sharing services by large enterprise groups.From the perspective of group developments,the introduction of financial sharing services has become a necessary measure for groups to implement financial transformation.Based on the theoretical studies of domestic and foreign researchers on financial intermediation services,this thesis adopts Company M as a case study to investigate its financial performance after the introduction of financial intermediation services.First of all,this thesis examines the background,the history of establishment and the current situation of the introduction of financial transaction sharing services in Company M.The thesis also examines the current situation of the company.In order to assess the impact of the adoption of financial transaction sharing services on the financial performance of Company M,financial ratios were selected to analyze the changes in financial performance from both long and cross-sectional perspectives.Then,in order to investigate the impact of financial participation on the financial performance of Company M,the role and drivers of financial participation on financial performance were analysed in four key areas: cost reduction and efficiency gains,improved capital management,strengthened internal controls and digital transformation,which had a positive impact on,profitability,performance,solvency and growth capacity.On this basis,it was found that Company M faced the following challenges in the implementation of the common financial services: firstly,the risk of mobilising financial staff,secondly,the incomplete management of business processes,thirdly,the extraction of value from data remained superficial and fourthly,the information management of dairy products was not integrated with the common financial services.In response,the following optimisation recommendations were made to optimise the functioning of the common financial services in M: first,clarify the transformation and development of financial staff and improve the holistic capability;second,continuously optimise business process management;third,establish a data centre and promote digital transformation;and fourth,promote the creation of common dairy information.It is hoped that the implementation of the above measures will optimise the performance of M’s financial sharing services,improve M’s financial performance and realise M’s strategic position.