基于财务角度的我国纺织服装业产业价值链分析

发布时间：2018-05-31 22:37

本文选题：纺织服装业 + 产业价值链　；参考：《吉林大学》2013年硕士论文

【摘要】：我国纺织服装业是国民经济的传统支柱型产业，是重要的民生产业，在国际竞争中也有着较强的优势。纺织服装业对于我国市场的繁荣、提供就业机会等方面都起到了举足轻重的作用。改革开放30年来，，我国纺织服装业通过不断的进步，取得了巨大的成就。然而光环背后我们必须承认的是，我国纺织服装产业也存在着缺陷。我国纺织服装业对外出口多以低产品附加值、低技术含量和低价格的产品为主，精加工产品比重较小，可以说我国纺织服装业采用的低价格战略更多的依赖于劳动力低成本的优势。近几年来，印度尼西亚、韩国、泰国及巴基斯坦等国家，劳动力成本均有所下降，反观我国劳动力成本正在逐年上升，这说明我国具有的劳动力优势正在减弱。要解决上述问题，就必须从提升纺织服装业产业价值着手，以期获得在国际市场的竞争优势。从目前的研究现状来看，学者们多以SWOT分析法研究纺织服装业价值链的整合或产业升级方式，讨论其对企业战略选择的影响，鲜有从财务角度客观的研究产业竞争，分析企业在产业价值链中的位置以及如何结合战略管理，提升自身在产业链中的机会及优势。因此，本文从财务角度分析纺织服装业产业价值链，选取了深沪两市纺织服装业相关A股上市公司作为研究对象，使用2007年至2011年五年期企业财务数据，用财务五力分析法全面考察企业在收益力、安定力、活动力、成长力和生产力等五个能力的表现，并配合杜邦分析法进一步进行分析，来验证研究结果的稳健性。企业可以参考纺织服装产业价值链各个环节五个能力的平均水平，评析自身在产业价值链中的位置，结合战略管理，提升自身在产业链中的机会及优势。研究得出结论，纺织服装产业中化纤原料制造业具有较高的成长力，活动力也较强，但缺乏安定力。纺织服装业中纺织业及制造业在安定力方面有着较强的优势，这一点最被债权人所关注，不过纺织业在活动力、生产力、收益力以及成长力上却显示出明显的劣势。纺织服装业中如服装制造业及品牌零售业在收益力、安定力、活动力、和生产力等各个方面均有较好的表现，但成长力水平较低。对于企业管理者来说，若要提升自身价值，应该结合所处行业及自身情况，合理的进行战略决策选择。夯实基础，以求稳步发展。而在促进产业发展的关键时期，政府应对纺织服装产业进行大力支持。政府加紧出台相关政策，保证纺织服装产业能够顺利进行产业升级。作为投资者，在进行投资决策时，关注该企业的盈利能力的同时也应关注该企业的成长空间。
[Abstract]:China's textile and clothing industry is a traditional pillar industry of the national economy, is an important livelihood industry, and also has a strong advantage in international competition. The textile and clothing industry plays an important role in the prosperity of our country's market, providing employment opportunities and so on. Since the reform and opening up 30 years ago, China's textile and clothing industry has made great achievements through continuous progress. However, behind the halo we must admit that our textile and clothing industry also has defects. China's textile and clothing industry mostly exports products with low value-added products, low technology content and low price, while the proportion of finished products is relatively small. It can be said that the low-price strategy adopted by China's textile and clothing industry depends more on the advantages of low labor costs. In recent years, labor costs have declined in Indonesia, South Korea, Thailand and Pakistan. In order to solve the above problems, we must improve the value of textile and clothing industry in order to gain the competitive advantage in the international market. From the current research situation, scholars mostly use SWOT analysis to study the integration of textile and clothing industry value chain or the way of industry upgrading, discuss its influence on the strategic choice of enterprises, and rarely study the industry competition objectively from the financial point of view. This paper analyzes the position of enterprises in the industrial value chain and how to combine the strategic management to enhance their own opportunities and advantages in the industrial chain. Therefore, this paper analyzes the textile and clothing industry value chain from the financial point of view, selects the listed companies of the textile and clothing industry in Shenzhen and Shanghai stock markets as the research object, using the financial data of the five-year period from 2007 to 2011. The financial five-force analysis method is used to investigate the performance of the five abilities of the enterprise in terms of income, stability, mobility, growth and productivity, and further analysis with DuPont analysis is carried out to verify the robustness of the research results. The enterprise can refer to the average level of five abilities in each link of the textile and clothing industry value chain, evaluate its position in the industrial value chain, combine with the strategic management, promote its own opportunity and advantage in the industrial chain. It is concluded that the chemical fiber raw material manufacturing industry in textile and garment industry has high growth power and strong dynamic power, but it lacks of stability. The textile and manufacturing industries have a strong advantage in stability, which is most concerned by creditors, but the textile industry shows obvious disadvantages in terms of mobility, productivity, profitability and growth. In the textile and clothing industry, such as garment manufacturing and brand retailing, there are good performances in the aspects of income, stability, mobility, productivity and so on, but the level of growth is low. For enterprise managers, if you want to enhance their own value, we should combine the industry and their own conditions, and make a reasonable choice of strategic decisions. Consolidate the foundation for steady development. In the key period of promoting the development of industry, the government should make great efforts to support the textile and garment industry. The government compels the related policy, guarantees the textile clothing industry can carry on the industrial upgrading smoothly. As an investor, when making investment decision, we should pay attention to the growth space of the enterprise as well as the profitability of the enterprise.
【学位授予单位】：吉林大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F275;F426.86

【参考文献】