Author(s)

Yu Zhou

Corresponding Author

Yu Zhou

Abstract

The present study takes 28 listed manufacturing companies in Changsha-Zhuzhou-Xiangtan-Heng-Yang City Groups of Hunan province in 2017 as the research sample, and uses Factor Analysis to extract 16 main impact factors from the debt paying ability, operation ability, profit ability, growth ability, and other financial indexes, based on which it builds the financial competitiveness evaluation system and obtains the main impact factors ranking and the comprehensive ranking of these companies. Results show that the overall level of financial competitiveness of listed manufacturing companies in the City Groups is not high and their development is not balanced. Generally, listed companies of electrical machinery and special equipment rank relatively high while pharmaceutical companies are significantly weaker than other industries. At last, the countermeasures are given to improve the financial competitiveness of the listed manufacturing companies in Changsha-Zhuzhou-Xiangtan-Heng-Yang City Groups.

Keywords

Manufacturing Industry in Hunan Province, Financial Competitiveness, Financial Problems and Countermeasures.