新常态下服装业上市公司财务绩效波动研究——基于财务指数视角

A Study on the Financial Performance Fluctuation of the Apparel Listed Companies Under the New Normal——From the Perspective of Financial Index

中国经济进入新常态以来,服装产业由长达数十年的高速成长迅速转为中低速增长,外部受国际市场及宏观经济波动的影响,内部同质化竞争异常激烈,大企业获利水平不断下滑,中小企业频现倒闭潮.在复杂的经济经营形势下,亟需从产业层面运用定量化分析手段把握服装业财务绩效波动趋势.本文运用统计指数理论从产业中观层面构建服装业上市公司财务指数,据此编制2012—2016年反映全部服装业上市公司财务绩效的财务指数,并分析新常态下服装业财务指数走势,旨在帮助服装企业审时度势,科学制定财务战略,做好风险防范工作.

Since the Chinese economy has entered a new norm, the apparel industry ended a decade of rapid growth to slow growth. Affected by the international market and the macroeconomic fluctua- tion, the internal homogenization competition is getting fierce, and profit of large enterprises contin- ue to decline, many small and medium sized enterprises failure under the situation. In the complex economic management situation, it is urgent to use the quantitative analysis method to grasp the changing trend of the overall financial situation of industry. In this paper, the statistical index theory was used to construct financial index of listed companies in apparel industry from the perspective of industry, calculates the financial index which reflects the financial performance of all listed apparel companies in the past 2012-2016 years, and analyzes the trend of financial index of clothing industry under new normal condition, in order to help the apparel industry recognize the situation, formulate a scientific financial strategy, and to keep away from financial risk.