Proceedings of the 2016 6th International Conference on Mechatronics, Computer and Education Informationization (MCEI 2016)

Analysis on the Profitability of Iron and Steel Industry under New Economic Normal State

Authors
Sheng Li
Corresponding Author
Sheng Li
Available Online December 2016.
DOI
https://doi.org/10.2991/mcei-16.2016.83How to use a DOI?
Keywords
Profitability; Financial index; Earnings per share; Return on equity
Abstract
As we all know that the iron and steel industry plays an important role in the national economy of our country, and its development level has a direct impact on the development of construction automobile, machinery and other related industries .As the main force of the steel industry, the profitability of the steel industry listed company can represent the whole level of the overall industry. So this paper takes the Wuhan Iron and Steel Co., Ltd, ranking third in iron and steel industry, as an example, choosing data from 2011 to 2015, the major financial data and financial indicators were analyzed, and were compared to the average of the industry, so we can make reasonable evaluation and suggestions for the future development of the enterprise. The analysis found that the overall profitability of Wuhan Iron and Steel showed a sharp decline in the past five years, and it is not very dominant compared with the average level of the whole industry. For all this Wuhan Iron and Steel needs to actively look for opportunities to get rid of the current predicament as soon as possible.
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Proceedings
2016 6th International Conference on Mechatronics, Computer and Education Informationization (MCEI 2016)
Part of series
Advances in Intelligent Systems Research
Publication Date
December 2016
ISBN
978-94-6252-282-4
ISSN
1951-6851
DOI
https://doi.org/10.2991/mcei-16.2016.83How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Sheng Li
PY  - 2016/12
DA  - 2016/12
TI  - Analysis on the Profitability of Iron and Steel Industry under New Economic Normal State
BT  - 2016 6th International Conference on Mechatronics, Computer and Education Informationization (MCEI 2016)
PB  - Atlantis Press
SP  - 404
EP  - 408
SN  - 1951-6851
UR  - https://doi.org/10.2991/mcei-16.2016.83
DO  - https://doi.org/10.2991/mcei-16.2016.83
ID  - Li2016/12
ER  -