Research On Financial Performance Evaluation Of Guizhou Aerospace Electric Compan

As a national strategic emerging industry,the electronic component industry is the main pillar of the national economy and national defense construction,and an important support for other strategic emerging industries.Guizhou Space Appliance Company is a leading enterprise in the field of high-end connectors and relays in the electronic component industry.In recent years,it has faced a severe business situation,with declining market share and profitability.Financial performance evaluation,as one of the important tools for enterprise management,can judge the quality of business management and the results of strategic implementation by evaluating enterprise financial performance.Based on this background,this paper studies the financial performance of Guizhou Space Appliance Company analyzes the problems existing in its operation and development,and puts forward suggestions for improving its operation and management.Based on the research and collation of relevant literature and theories at home and abroad,this article analyzes the financial situation of Guizhou Space Appliance Company and the characteristics of the electronic components industry it belongs to.It selects 13 financial indicators from four dimensions: profitability,operating ability,debt paying ability,and development ability,and constructs a financial performance evaluation index system that suits the characteristics of Guizhou Space Appliance Company and the industry it belongs to.At the same time,this article collected the financial data of 46 listed companies in the same industry from 2017 to 2021,and then used the entropy method to evaluate and analyze the financial performance of Guizhou Space Appliance Company and listed companies in the same industry in the past five years,analyzing the problems in the operation and development of Guizhou Space Appliance Company.Through research,it has been found that the overall financial performance of Guizhou Space Appliance Company in the past 5 years has only been at the mid level of the industry,with declining profit growth and low earnings quality.The asset liability ratio is too low,the cash flow liability ratio needs to be improved,the asset turnover speed is slow,and the growth rate of operating income is lower than the industry average.In response to the problems identified in the analysis,this article proposes optimization suggestions from four dimensions: profitability,operational ability,debt paying ability,and development ability.The main measures include reducing costs and increasing efficiency throughout the entire value chain,improving automation and information technology levels,increasing payment collection efforts,increasing accounts receivable turnover and inventory turnover,increasing research and development investment,and equity investment,in order to improve the quality of the business development of Guizhou Space Appliance Company,enhancing the competitiveness of its enterprises can provide reference for the operation and management of companies in the same industry to a certain extent.