Analysis on the Profitability of Iron and Steel Industry under New Economic Normal State
- 10.2991/mcei-16.2016.83How to use a DOI?
- Profitability; Financial index; Earnings per share; Return on equity
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.
- © 2017, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
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 - Proceedings of the 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 - 10.2991/mcei-16.2016.83 ID - Li2016/12 ER -